NATIONAL OPEN UNIVERSITY OF NIGERIA

UNIVERSITY VILLAGE, PLOT 91, CASDASTRAL ZONE, NNAMDI AZIKIWE EXPRESS WAY, JABI, ABUJA.
FACULTY OF MANAGEMENT SCIENCES
JANUARY 2021 EXAMINATION

COURSE CODE: BUS 419

COURSE TITLE: International Business

CREDIT UNIT: 3

INSTRUCTION: 1. Indicate your Matriculation Number clearly

2. Attempt question one (1) and any other three (3) questions; four questions in all

3. Question one (1) is compulsory and carries 25 marks, while the other questions carry 15 marks each.

4. Present all your points in a coherent and orderly Manner

TIME ALLOWED: 2 ½ hours

Q1.a. International Business is synonymous with International trade, Elucidate. 5mks

b. As a manager of a company, why do you think it is necessary for you to study International Business? 5mks

c. Explain the main motives of firm’s internationalization and outline the drivers of International Business 5 mks

d. What are the factors influencing the growth in globalization of international Business? 5mks

e. Distinguish between domestic and International Business. 5mks

Q2. a. There were arguments between two professors, one of the professors is from Business Administration and the other one is from Political Science, on the issue of whether to go for or against free trade, protectionism or a mixture of both? Professor of Business Administration is in favour of free trade while professor of Political Science was against it, saying it has to be a mixture. Which of these two professors would you support and why? 10mks

b. Explain various types of trade restriction. 5mks 3. Write short notes on any three of the following:

a. International Monetary Fund 5mks b. International Development Association 5mks

c. International Financial Corporation 5mks d. African Development Bank 5mks

4 a. What is an Exchange Rate? Critically examine the factors that determine the rate of exchange. 5mks

b. Explain the shortcomings of Globalisation. 5mks

c. Identify the drivers of globalization. 5mks

5. Briefly explain any five of the following international business theories/views:

i) The Free-Market View

ii) Pragmatic Nationalism

iii) The radical view

iv) Product Life Cycle Theory

v) Competitive Advantage Theory

vi) Absolute Advantage

vii) Factor Endowment Theory . 3mks each (15 mks)