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Test Bank for Global Business, 5th Edition by Mike W. Peng, Chapters 1–17

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Test Bank for Global Business, 5th Edition by Mike W. Peng, Chapters 1–17

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526 pages

2026/2027

Institution Global Business,

Course Global Business,

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Review key concepts from Global Business, 5th Edition by Mike W. Peng, covering Chapters 1–17. Explore international business environments, globalization, cultural differences, political and economic systems, international trade, foreign direct investment, and global market entry strategies. Examine how multinational enterprises operate across borders, manage global supply chains, and respond to international competition. This resource supports students studying global business by reinforcing core theories, strategic concepts, and international management principles across the specified chapters for coursework and examination review.

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Test Bank for Global
Test Bank
Business,
for Global
5th Edition
Business,
Mike5th
W. Edition
Peng Chapter
Mike W.1-17.pdfhttps://online2pdf.com/remove-pdf-header-footer
Peng Chapter 1-17.pdfhttps://online2pdf.com/remove-pdf-header-footer

Test Bank for
Global Business, 5th Edition Mike W. Peng
Chapter1-17

Chapter 1

1. A multinational enterprise is a firm that engages in foreign direct investment by directly investing in, controlling, and
managing value-added activities in other countries.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Difficulty: Easy
REFERENCES: International Business and Global Business
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: GLOB.PENG.05.01-01 - LO: 01-01
NATIONAL STANDARDS: United States - BUSPROG: Analytic
STATE STANDARDS: United States - AK - DISC: Creation of Value
KEYWORDS: Bloom's: Remember
DATE CREATED: 11/12/2021 2:54 PM
DATE MODIFIED: 3/5/2022 11:24 AM

2. The term ―emerging markets‖ refers to the fastest-growing developing economies.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Difficulty: Easy
REFERENCES: Globalization and Semiglobalization
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: GLOB.PENG.05.01-04 - LO: 01-04
NATIONAL STANDARDS: United States - BUSPROG: Analytic
STATE STANDARDS: United States - AK - DISC: Strategy
KEYWORDS: Bloom's: Remember
DATE CREATED: 11/12/2021 2:54 PM
DATE MODIFIED: 3/5/2022 11:24 AM

3. Gross domestic product (GDP) is the sum of value added by resident firms, households, and governments operating in
an economy.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Difficulty: Moderate
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Test Bank for Global
Test Bank
Business,
for Global
5th Edition
Test
Business,
Bank
Mikefor
5th
W.Global
Edition
Peng Business,
Chapter
Mike W.1-17https://online2pdf.com/remove-pdf-header-footer
5th
PengEdition
Chapter
Mike1-17.pdfhttps://online2pdf.com/remove-pdf-header-footer
W. Peng Chapter 1-17https://online2pdf.com/remove-pdf-header-footer

,2 of 526https://online2pdf.com/remove-pdf-header-footer
Test Bank for Global
Test Bank
Business,
for Global
5th Edition
Business,
Mike5th
W. Edition
Peng Chapter
Mike W.1-17.pdfhttps://online2pdf.com/remove-pdf-header-footer
Peng Chapter 1-17.pdfhttps://online2pdf.com/remove-pdf-header-footer

REFERENCES: Global Business and Globalization at a Crossroads
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: GLOB.PENG.05.01-05 - LO: 01-05
NATIONAL STANDARDS: United States - BUSPROG: Analytic
STATE STANDARDS: United States - AK - DISC: Environmental Influence
KEYWORDS: Bloom's: Remember
DATE CREATED: 11/12/2021 2:54 PM
DATE MODIFIED: 3/5/2022 11:24 AM

4. The majority of the global GDP is contributed by the emerging markets.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Difficulty: Moderate
REFERENCES: Global Business and Globalization at a Crossroads
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: GLOB.PENG.05.01-05 - LO: 01-05
NATIONAL STANDARDS: United States - BUSPROG: Analytic
STATE STANDARDS: United States - AK - DISC: Environmental Influence
KEYWORDS: Bloom's: Remember
DATE CREATED: 11/12/2021 2:54 PM
DATE MODIFIED: 3/5/2022 11:24 AM

5. Purchasing power parity (PPP) is a conversion that determines the equivalent amount of goods and services different
currencies can purchase.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Difficulty: Easy
REFERENCES: Global Business and Globalization at a Crossroads
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: GLOB.PENG.05.01-05 - LO: 01-05
NATIONAL STANDARDS: United States - BUSPROG: Analytic
STATE STANDARDS: United States - AK - DISC: Environmental Influence
KEYWORDS: Bloom's: Remember
DATE CREATED: 11/12/2021 2:54 PM
DATE MODIFIED: 3/5/2022 11:24 AM

6. Purchasing power parity (PPP) is calculated as the sum of value added by resident firms, households, and governments
operating in an economy.
a. True
Copyright Cengage Learning. Powered by Cognero. Page 2

Test Bank for Global
Test Bank
Business,
for Global
5th Edition
Test
Business,
Bank
Mikefor
5th
W.Global
Edition
Peng Business,
Chapter
Mike W.1-17https://online2pdf.com/remove-pdf-header-footer
5th
PengEdition
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W. Peng Chapter 1-17https://online2pdf.com/remove-pdf-header-footer

,3 of 526https://online2pdf.com/remove-pdf-header-footer
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Test Bank
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5th Edition
Business,
Mike5th
W. Edition
Peng Chapter
Mike W.1-17.pdfhttps://online2pdf.com/remove-pdf-header-footer
Peng Chapter 1-17.pdfhttps://online2pdf.com/remove-pdf-header-footer

b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Difficulty: Easy
REFERENCES: Global Business and Globalization at a Crossroads
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: GLOB.PENG.05.01-05 - LO: 01-05
NATIONAL STANDARDS: United States - BUSPROG: Analytic
STATE STANDARDS: United States - AK - DISC: Environmental Influence
KEYWORDS: Bloom's: Remember
DATE CREATED: 11/12/2021 2:54 PM
DATE MODIFIED: 3/5/2022 11:24 AM

7. Global business includes both international and domestic business activities.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Difficulty: Easy
REFERENCES: International Business and Global Business
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: GLOB.PENG.05.01-01 - LO: 01-01
NATIONAL STANDARDS: United States - BUSPROG: Analytic
STATE STANDARDS: United States - AK - DISC: Environmental Influence
KEYWORDS: Bloom's: Remember
DATE CREATED: 11/12/2021 2:54 PM
DATE MODIFIED: 3/5/2022 11:24 AM

8. International business can be defined as the investment in, controlling, and managing value-added activities in other
countries.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Difficulty: Easy
REFERENCES: International Business and Global Business
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: GLOB.PENG.05.01-01 - LO: 01-01
NATIONAL STANDARDS: United States - BUSPROG: Analytic
STATE STANDARDS: United States - AK - DISC: Environmental Influence
KEYWORDS: Bloom's: Remember
DATE CREATED: 11/12/2021 2:54 PM

Copyright Cengage Learning. Powered by Cognero. Page 3

Test Bank for Global
Test Bank
Business,
for Global
5th Edition
Test
Business,
Bank
Mikefor
5th
W.Global
Edition
Peng Business,
Chapter
Mike W.1-17https://online2pdf.com/remove-pdf-header-footer
5th
PengEdition
Chapter
Mike1-17.pdfhttps://online2pdf.com/remove-pdf-header-footer
W. Peng Chapter 1-17https://online2pdf.com/remove-pdf-header-footer

, 4 of 526https://online2pdf.com/remove-pdf-header-footer
Test Bank for Global
Test Bank
Business,
for Global
5th Edition
Business,
Mike5th
W. Edition
Peng Chapter
Mike W.1-17.pdfhttps://online2pdf.com/remove-pdf-header-footer
Peng Chapter 1-17.pdfhttps://online2pdf.com/remove-pdf-header-footer

DATE MODIFIED: 3/5/2022 11:24 AM

9. On the global economic pyramid, the Triad refers to developed economies consisting of North America, Europe, and
Japan.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Difficulty: Easy
REFERENCES: Global Business and Globalization at a Crossroads
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: GLOB.PENG.05.01-05 - LO: 01-05
NATIONAL STANDARDS: United States - BUSPROG: Analytic
STATE STANDARDS: United States - AK - DISC: Creation of Value
KEYWORDS: Bloom's: Remember
DATE CREATED: 11/12/2021 2:54 PM
DATE MODIFIED: 3/5/2022 11:24 AM

10. All the countries of the BRIC belong to the top tier of the global economic pyramid.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Difficulty: Easy
REFERENCES: Globalization and Semiglobalization
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: GLOB.PENG.05.01-04 - LO: 01-04
NATIONAL STANDARDS: United States - BUSPROG: Analytic
STATE STANDARDS: United States - AK - DISC: Environmental Influence
KEYWORDS: Bloom's: Remember
DATE CREATED: 11/12/2021 2:54 PM
DATE MODIFIED: 3/5/2022 11:24 AM

11. The second tier of the global economic pyramid is made up of countries with a per capita annual income of more than
$20,000.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Difficulty: Easy
REFERENCES: Globalization and Semiglobalization
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: GLOB.PENG.05.01-04 - LO: 01-04
Copyright Cengage Learning. Powered by Cognero. Page 4

Test Bank for Global
Test Bank
Business,
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5th Edition
Test
Business,
Bank
Mikefor
5th
W.Global
Edition
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Chapter
Mike W.1-17https://online2pdf.com/remove-pdf-header-footer
5th
PengEdition
Chapter
Mike1-17.pdfhttps://online2pdf.com/remove-pdf-header-footer
W. Peng Chapter 1-17https://online2pdf.com/remove-pdf-header-footer

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Number of pages: 526
Written in: 2026/2027
Type: Exam (elaborations)
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