TEST BANK For Global Business Today,
12th Edition By Charles Hill Chapters 1 - 17
,Chapter[One[Globalization[
PART[TWO[National[Differences
Chapter[Two[National[Differences[in[Political,[Economic,[and[Legal[Systems[
Chapter[Three[National[Differences[in[Economic[Development[
Chapter[Four[Differences[in[Culture[
Chapter[Five[Ethics,[Corporate[Social[Responsibility,[and[Sustainability[
PART[THREE[The[Global[Trade[and[Investment[Environment
Chapter[Six[International[Trade[Theory[
Chapter[Seven[Government[Policy[and[International[Trade[
Chapter[Eight[Foreign[Direct[Investment[
Chapter[Nine[Regional[Economic[Integration[
PART[FOUR[The[Global[Monetary[System
Chapter[Ten[The[Foreign[Exchange[Market[
Chapter[Eleven[The[International[Monetary[System[
PART[FIVE[The[Strategy[of[International[Business
Chapter[Twelve[The[Strategy[of[International[Business[
Chapter[Thirteen[Entering[Developed[and[Emerging[Markets[
PART[SIX[International[Business[Functions
Chapter[Fourteen[Exporting,[Importing,[and[Countertrade[
Chapter[Fifteen[Global[Production[and[Supply[Chain[Management[
Chapter[Sixteen[Global[Marketing[and[Business[Analytics[
Chapter[Seventeen[Global[Human[Resource[Management[[
,Answers[are[at[the[end[of[each[chapter
Chapter[01[Globalization[
True[/[False[Questions
1. As[a[result[of[globalization,[we[have[been[moving[toward[a[world[in[which[national[economies[
are[relatively[self-contained[entities.
True False
2. By[offering[the[same[basic[product[worldwide,[firms[help[to[create[a[global[market.[
True False
3. A[company[has[to[be[the[size[of[a[multinational[giant[to[facilitate,[and[benefit[from,[the[
globalization[of[markets.
True False
4. As[a[result[of[globalization,[companies[rarely[need[to[customize[marketing[strategies,[product[
features,[and[operating[practices[in[different[countries.
True False
5. Globalization[has[resulted[in[greater[uniformity[replacing[diversity[across[national[markets.[
True False
6. As[firms[follow[each[other[around[the[world,[they[bring[with[them[many[of[the[assets[that[
served[them[well[in[other[national[markets.[Thus,[greater[diversity[replaces[uniformity.
True False
7. Substantial[impediments,[such[as[barriers[to[foreign[direct[investment,[make[it[difficult[for[firms[
to[achieve[the[optimal[dispersion[of[their[productive[activities[to[locations[around[the[globe.
True False
8. The[World[Trade[Organization,[the[International[Monetary[Fund[and[its[sister[institution[the[
World[Bank,[and[the[United[Nations[were[all[created[by[voluntary[agreement[between[individual[na
tion-[states.
True False
, 9. The[International[Monetary[Fund[and[the[World[Bank[were[both[created[in[1944[by[44[nations[
that[met[at[Bretton[Woods,[New[Hampshire.
True False
10. The[WTO[is[seen[as[the[lender[of[last[resort[to[nation-
states[whose[economies[are[in[turmoil[and[whose[currencies[are[losing[value[against[those[of[other[
nations.
True False
11. The[IMF[is[less[controversial[than[its[sister[institution,[the[World[Bank.[
True False
12. In[return[for[loans,[the[IMF[requires[nation-
states[to[adopt[specific[economic[policies[aimed[at[returning[their[troubled[economies[to[stability[and[
growth.
True False
13. Foreign[direct[investment[(FDI)[occurs[when[a[firm[invests[resources[in[business[activities[
outside[its[home[country.
True False
14. After[World[War[II,[the[advanced[nations[of[the[West[committed[themselves[to[increasing[
barriers[to[the[free[flow[of[goods,[services,[and[capital[between[nations.
True False
15. The[Uruguay[Round,[held[under[the[umbrella[of[GATT,[extended[GATT[to[cover[services[as[well[
as[manufactured[goods.
True False
16. The[lowering[of[trade[and[investment[barriers[allows[firms[to[base[production[at[the[optimal[
location[for[that[activity.
True False
17. As[a[result[of[international[trade,[the[economies[of[the[world’s[nation-
states[are[becoming[less[intertwined.
True False
18. The[globalization[of[markets[and[production[and[the[resulting[growth[of[world[trade,[foreign[
direct[investment,[and[imports[all[imply[that[firms[are[finding[it[easier[to[protect[themselves[from
the[attack[of[foreign[competitors.
12th Edition By Charles Hill Chapters 1 - 17
,Chapter[One[Globalization[
PART[TWO[National[Differences
Chapter[Two[National[Differences[in[Political,[Economic,[and[Legal[Systems[
Chapter[Three[National[Differences[in[Economic[Development[
Chapter[Four[Differences[in[Culture[
Chapter[Five[Ethics,[Corporate[Social[Responsibility,[and[Sustainability[
PART[THREE[The[Global[Trade[and[Investment[Environment
Chapter[Six[International[Trade[Theory[
Chapter[Seven[Government[Policy[and[International[Trade[
Chapter[Eight[Foreign[Direct[Investment[
Chapter[Nine[Regional[Economic[Integration[
PART[FOUR[The[Global[Monetary[System
Chapter[Ten[The[Foreign[Exchange[Market[
Chapter[Eleven[The[International[Monetary[System[
PART[FIVE[The[Strategy[of[International[Business
Chapter[Twelve[The[Strategy[of[International[Business[
Chapter[Thirteen[Entering[Developed[and[Emerging[Markets[
PART[SIX[International[Business[Functions
Chapter[Fourteen[Exporting,[Importing,[and[Countertrade[
Chapter[Fifteen[Global[Production[and[Supply[Chain[Management[
Chapter[Sixteen[Global[Marketing[and[Business[Analytics[
Chapter[Seventeen[Global[Human[Resource[Management[[
,Answers[are[at[the[end[of[each[chapter
Chapter[01[Globalization[
True[/[False[Questions
1. As[a[result[of[globalization,[we[have[been[moving[toward[a[world[in[which[national[economies[
are[relatively[self-contained[entities.
True False
2. By[offering[the[same[basic[product[worldwide,[firms[help[to[create[a[global[market.[
True False
3. A[company[has[to[be[the[size[of[a[multinational[giant[to[facilitate,[and[benefit[from,[the[
globalization[of[markets.
True False
4. As[a[result[of[globalization,[companies[rarely[need[to[customize[marketing[strategies,[product[
features,[and[operating[practices[in[different[countries.
True False
5. Globalization[has[resulted[in[greater[uniformity[replacing[diversity[across[national[markets.[
True False
6. As[firms[follow[each[other[around[the[world,[they[bring[with[them[many[of[the[assets[that[
served[them[well[in[other[national[markets.[Thus,[greater[diversity[replaces[uniformity.
True False
7. Substantial[impediments,[such[as[barriers[to[foreign[direct[investment,[make[it[difficult[for[firms[
to[achieve[the[optimal[dispersion[of[their[productive[activities[to[locations[around[the[globe.
True False
8. The[World[Trade[Organization,[the[International[Monetary[Fund[and[its[sister[institution[the[
World[Bank,[and[the[United[Nations[were[all[created[by[voluntary[agreement[between[individual[na
tion-[states.
True False
, 9. The[International[Monetary[Fund[and[the[World[Bank[were[both[created[in[1944[by[44[nations[
that[met[at[Bretton[Woods,[New[Hampshire.
True False
10. The[WTO[is[seen[as[the[lender[of[last[resort[to[nation-
states[whose[economies[are[in[turmoil[and[whose[currencies[are[losing[value[against[those[of[other[
nations.
True False
11. The[IMF[is[less[controversial[than[its[sister[institution,[the[World[Bank.[
True False
12. In[return[for[loans,[the[IMF[requires[nation-
states[to[adopt[specific[economic[policies[aimed[at[returning[their[troubled[economies[to[stability[and[
growth.
True False
13. Foreign[direct[investment[(FDI)[occurs[when[a[firm[invests[resources[in[business[activities[
outside[its[home[country.
True False
14. After[World[War[II,[the[advanced[nations[of[the[West[committed[themselves[to[increasing[
barriers[to[the[free[flow[of[goods,[services,[and[capital[between[nations.
True False
15. The[Uruguay[Round,[held[under[the[umbrella[of[GATT,[extended[GATT[to[cover[services[as[well[
as[manufactured[goods.
True False
16. The[lowering[of[trade[and[investment[barriers[allows[firms[to[base[production[at[the[optimal[
location[for[that[activity.
True False
17. As[a[result[of[international[trade,[the[economies[of[the[world’s[nation-
states[are[becoming[less[intertwined.
True False
18. The[globalization[of[markets[and[production[and[the[resulting[growth[of[world[trade,[foreign[
direct[investment,[and[imports[all[imply[that[firms[are[finding[it[easier[to[protect[themselves[from
the[attack[of[foreign[competitors.
