1. The maximum level of international activity on the continuum of international involvement is a transnational organization. a. true b. false

2. Third-country nationals are organization members who are citizens of the country in which the facility of a foreign-born organization is located. a. true b. false

3. Host-country nationals are organizational members who are citizens of one country and who work in another country for an organization headquartered in still another country. a. true b. false

4. Managers who usually make foreign investments normally expect such investments will allow participation in the rapid expansion of a market abroad. a. true b. false

5. Today, approximately ________ angel investors provide capital to companies each year.

a. 40,000 b. 4,000 c. 400,000 d. 14,000

6. ________ are firms that raise money from investors and then use money to make investments in new firms.

a. Entrepreneurs

b. Lending institutions

c. Angel investors

d. Venture capitalists

7. ________ is the likelihood and magnitude of an opportunity's downside loss.

a. Feasibility analysis

b. Entrepreneurial risk

c. Entrepreneurial alertness

d. Information asymmetry

8. Opportunity evaluation is the first stage of the entrepreneurial process. a. true b. false