C211 Second OA quizzes WITH CORRECT
AND ANSWERS
,The term "emerging economies" has replaced the term _____. - correct
ans:Developing countries
The gross domestic product plus the income from non-resident sources
abroad gives the ____. - correct ans:gross national product
More than 25% of global GDP comes from _____. - correct ans:BRICS countries
Viewing the global economy as a pyramid, the Triad refers to _____. - correct
ans:North America, Western Europe, and Japan
People who earn _____ a year comprise the base of the global economic
pyramid. - correct ans:less than $2,000
Which of the following would be an example of a top down innovation? -
correct ans:Lowering prices and features of existing products to meet
emerging market needs
Which of the following is true of the Group of 20 (G-20)? - correct ans:It only
has 19 member countries.
Which of the following does the institution-based view of global business lay
emphasis on? - correct ans:Understanding the laws and values of the firm's
host nation.
The resource-based view of global business differs from the institution-based
view of global business in that the resource-based view _____. - correct
ans:focuses on the internal strengths on the firm
The liability of foreignness is the inherent disadvantage faced by _____. -
correct ans:foreign firms in host nations due to their non-native status
, Which of the following is true of globalization according to the "new force"
perspective? - correct ans:It is a western ideology focused on exploiting and
dominating the world through MNEs
The concept of _____ suggests that barriers to market integration at borders
are high, but not high enough to completely insulate countries from each
other. - correct ans:Semiglobalization
The strategy of treating each country as a unique market and in total
isolation is referred to as _____. - correct ans:Localization
MNEs from the Triad dominate the list of the 500 largest MNEs; their share
has been _____. - correct ans:Shrinking
A conversion that determines the equivalent amount of goods and services
that different currencies can buy is known as _____. - correct ans:purchasing
power parity
Which of the following countries would be characterized as an emerging
economy? - correct ans:Brazil
Which of the following countries is represented in the Triad of the global
economic pyramid? - correct ans:Japan
People who earn _____ a year comprise the base of the global economic
pyramid. - correct ans:less than $2,000
A _____ is defined as an innovation that is adopted first in emerging
economies and then diffused around the world. - correct ans:reverse
innovation
AND ANSWERS
,The term "emerging economies" has replaced the term _____. - correct
ans:Developing countries
The gross domestic product plus the income from non-resident sources
abroad gives the ____. - correct ans:gross national product
More than 25% of global GDP comes from _____. - correct ans:BRICS countries
Viewing the global economy as a pyramid, the Triad refers to _____. - correct
ans:North America, Western Europe, and Japan
People who earn _____ a year comprise the base of the global economic
pyramid. - correct ans:less than $2,000
Which of the following would be an example of a top down innovation? -
correct ans:Lowering prices and features of existing products to meet
emerging market needs
Which of the following is true of the Group of 20 (G-20)? - correct ans:It only
has 19 member countries.
Which of the following does the institution-based view of global business lay
emphasis on? - correct ans:Understanding the laws and values of the firm's
host nation.
The resource-based view of global business differs from the institution-based
view of global business in that the resource-based view _____. - correct
ans:focuses on the internal strengths on the firm
The liability of foreignness is the inherent disadvantage faced by _____. -
correct ans:foreign firms in host nations due to their non-native status
, Which of the following is true of globalization according to the "new force"
perspective? - correct ans:It is a western ideology focused on exploiting and
dominating the world through MNEs
The concept of _____ suggests that barriers to market integration at borders
are high, but not high enough to completely insulate countries from each
other. - correct ans:Semiglobalization
The strategy of treating each country as a unique market and in total
isolation is referred to as _____. - correct ans:Localization
MNEs from the Triad dominate the list of the 500 largest MNEs; their share
has been _____. - correct ans:Shrinking
A conversion that determines the equivalent amount of goods and services
that different currencies can buy is known as _____. - correct ans:purchasing
power parity
Which of the following countries would be characterized as an emerging
economy? - correct ans:Brazil
Which of the following countries is represented in the Triad of the global
economic pyramid? - correct ans:Japan
People who earn _____ a year comprise the base of the global economic
pyramid. - correct ans:less than $2,000
A _____ is defined as an innovation that is adopted first in emerging
economies and then diffused around the world. - correct ans:reverse
innovation
