C211 Second OA Questions And
Answers
The term "emerging economies" has replaced the term _____. - -
correct answer ✅Developing countries
The gross domestic product plus the income from non-resident sources
abroad gives the ____. - - correct answer ✅gross national product
More than 25% of global GDP comes from _____. - - correct answer
✅BRICS countries
Viewing the global economy as a pyramid, the Triad refers to _____. - -
correct answer ✅North America, Western Europe, and Japan
People who earn _____ a year comprise the base of the global
economic pyramid. - - correct answer ✅less than $2,000
Which of the following would be an example of a top down innovation?
- - correct answer ✅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
answer ✅It only has 19 member countries.
,C211 Second OA Questions And
Answers
Which of the following does the institution-based view of global
business lay emphasis on? - - correct answer ✅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 answer ✅focuses on the internal strengths on the firm
The liability of foreignness is the inherent disadvantage faced by _____.
- - correct answer ✅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 answer ✅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 answer ✅Semiglobalization
The strategy of treating each country as a unique market and in total
isolation is referred to as _____. - - correct answer ✅Localization
,C211 Second OA Questions And
Answers
MNEs from the Triad dominate the list of the 500 largest MNEs; their
share has been _____. - - correct answer ✅Shrinking
A conversion that determines the equivalent amount of goods and
services that different currencies can buy is known as _____. - - correct
answer ✅purchasing power parity
Which of the following countries would be characterized as an
emerging economy? - - correct answer ✅Brazil
Which of the following countries is represented in the Triad of the
global economic pyramid? - - correct answer ✅Japan
People who earn _____ a year comprise the base of the global
economic pyramid. - - correct answer ✅less than $2,000
A _____ is defined as an innovation that is adopted first in emerging
economies and then diffused around the world. - - correct answer
✅reverse innovation
The _____ view suggests that the success and failure of firms are largely
determined by their environments. - - correct answer ✅institution-
based
, C211 Second OA Questions And
Answers
The _____ view of global business focuses on internal factors that can
help a firm overcome its external environment. - - correct answer
✅resource-based
Which of the following is true of globalization according to the
"pendulum view" perspective? - - correct answer ✅Globalization is a
not a one-directional phenomenon
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 answer ✅semiglobalization
_____ is the strategy of treating the entire world as one market. - -
correct answer ✅Standardization
Protectionism is similar to mercantilism as they both advocated _____. -
- correct answer ✅government involvement in international trade
The _____ principle advocated that governments should actively
protect domestic industries from imports and vigorously promote
exports. - - correct answer ✅Protectionism
Which of the following is a modern trade theory? - - correct answer
✅National competitive advantage
Answers
The term "emerging economies" has replaced the term _____. - -
correct answer ✅Developing countries
The gross domestic product plus the income from non-resident sources
abroad gives the ____. - - correct answer ✅gross national product
More than 25% of global GDP comes from _____. - - correct answer
✅BRICS countries
Viewing the global economy as a pyramid, the Triad refers to _____. - -
correct answer ✅North America, Western Europe, and Japan
People who earn _____ a year comprise the base of the global
economic pyramid. - - correct answer ✅less than $2,000
Which of the following would be an example of a top down innovation?
- - correct answer ✅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
answer ✅It only has 19 member countries.
,C211 Second OA Questions And
Answers
Which of the following does the institution-based view of global
business lay emphasis on? - - correct answer ✅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 answer ✅focuses on the internal strengths on the firm
The liability of foreignness is the inherent disadvantage faced by _____.
- - correct answer ✅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 answer ✅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 answer ✅Semiglobalization
The strategy of treating each country as a unique market and in total
isolation is referred to as _____. - - correct answer ✅Localization
,C211 Second OA Questions And
Answers
MNEs from the Triad dominate the list of the 500 largest MNEs; their
share has been _____. - - correct answer ✅Shrinking
A conversion that determines the equivalent amount of goods and
services that different currencies can buy is known as _____. - - correct
answer ✅purchasing power parity
Which of the following countries would be characterized as an
emerging economy? - - correct answer ✅Brazil
Which of the following countries is represented in the Triad of the
global economic pyramid? - - correct answer ✅Japan
People who earn _____ a year comprise the base of the global
economic pyramid. - - correct answer ✅less than $2,000
A _____ is defined as an innovation that is adopted first in emerging
economies and then diffused around the world. - - correct answer
✅reverse innovation
The _____ view suggests that the success and failure of firms are largely
determined by their environments. - - correct answer ✅institution-
based
, C211 Second OA Questions And
Answers
The _____ view of global business focuses on internal factors that can
help a firm overcome its external environment. - - correct answer
✅resource-based
Which of the following is true of globalization according to the
"pendulum view" perspective? - - correct answer ✅Globalization is a
not a one-directional phenomenon
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 answer ✅semiglobalization
_____ is the strategy of treating the entire world as one market. - -
correct answer ✅Standardization
Protectionism is similar to mercantilism as they both advocated _____. -
- correct answer ✅government involvement in international trade
The _____ principle advocated that governments should actively
protect domestic industries from imports and vigorously promote
exports. - - correct answer ✅Protectionism
Which of the following is a modern trade theory? - - correct answer
✅National competitive advantage
