International Business Competing in the Global
Marketplace 10th Edition By Charles W. L. Hill
|100% Verified | Graded A+
__________________________________________________________
Which of the following was established to maintain order in the international monetary system?
A. The WTO
B. The GATT
C. The World Bank
D. The IMF
D. The IMF
In 2008 and 2009, the _______ became the forum through which major nations attempting to
launch a coordinated policy response to the global financial crisis, which started in America.
A. GATT
B. Group of Ten (G10)
C. Group of Twenty (G20)
D. World Trade Organization
C. Group of Twenty (G20)
Rivers Inc., a U.S. based sports apparel manufacturer, sets up a production unit in China to take
advantage of the lower labor costs there. This is an example of foreign direct investment.
True/False
True
,Toyota is a multinational enterprise (MNE), which is a firm that:
A. Exports its products to multiple countries.
B. Has production activities in more than two countries.
C. Does most of its business on the Internet.
D. Lists its securities on a public exchange.
B. Has production activities in more than two countries.
Since the collapse of communism over a quarter of a century ago, formerly communist nations
now have transformed their economies by globalizing their markets. This involves:
A. Regulating Markets.
B. Privatizing state-owned enterprises.
C. Decreasing competition.
D. Reducing foreign investment.
B. Privatizing state-owned enterprises.
Which of the following is a reason that little progress has been made toward the ambition goals
set at the 1992 Earth Summit in Rio de Janeiro?
A. China has shown a strong appetite to adopt tighter pollution controls.
B. Political cooperation in the U.S. Congress promotes domestic action.
C. There is a culture of denial in the United States.
D. Trade liberalization efforts have not been rolled back.
C. There is a culture of denial in the United States.
,Issy's Ice Cream is an international business. As such, it:
A. Needs to have manufacturing units in at least two foreign nations.
B. Needs to manufacture products or provide services that target a global market.
C. Need no customize its products to the requirements of national markets.
D. Invests in international trade or investment.
D. Invests in international trade or investment.
Which of the following is a consequence of globalization?
A. Decreasing interdependence between national economies.
B. Increasing outsourcing.
C. Differentiating of material culture.
D. Increasing barriers to cross-border trade.
B. Increasing outsourcing.
Since Wally's Whistles is a medium-size business, it wouldn't benefit from globalization.
True/False
False
A study published in 2011 by the OECD noted that:
A. The real household income of unskilled workers in the United States increased more in
comparison to that of skilled workers.
B. In almost all countries real income levels declined over the 20-year period studied.
C. The falling unemployment rates brought gains to low-wage workers and fairly broad-based
wage growth.
, D. The gap between the poorest and richest segments of society in some OECD countries had
widened.
D. The gap between the poorest and richest segments of society in some OECD countries had
widened.
If China continues to move toward greater free market reforms it:
A. May move from industrial superpower to third-world status.
B. will likely see a decrease in GDP per capita.
C. May move from third-world to industrial superpower status.
D. Will likely give global market share to Western and Japanese enterprises.
C. May move from third-world to industrial superpower status.
Since the 1960s, which of the following has been a notable trend in the demographics of the
multinational enterprise?
A. The decline of multinational companies in the manufacturing sector.
B. The growth of government-owned multinational enterprises.
C. The decline of non-U.S. multinationals
D. The growth of mini-multinationals.
D. The growth of mini-multinationals.
What is true about the International Monetary Fund?
A. It is primarily responsible for policing the world trading system.
B. It is seen as the lender of last resort to nation-states whose economies are in turmoil.
Marketplace 10th Edition By Charles W. L. Hill
|100% Verified | Graded A+
__________________________________________________________
Which of the following was established to maintain order in the international monetary system?
A. The WTO
B. The GATT
C. The World Bank
D. The IMF
D. The IMF
In 2008 and 2009, the _______ became the forum through which major nations attempting to
launch a coordinated policy response to the global financial crisis, which started in America.
A. GATT
B. Group of Ten (G10)
C. Group of Twenty (G20)
D. World Trade Organization
C. Group of Twenty (G20)
Rivers Inc., a U.S. based sports apparel manufacturer, sets up a production unit in China to take
advantage of the lower labor costs there. This is an example of foreign direct investment.
True/False
True
,Toyota is a multinational enterprise (MNE), which is a firm that:
A. Exports its products to multiple countries.
B. Has production activities in more than two countries.
C. Does most of its business on the Internet.
D. Lists its securities on a public exchange.
B. Has production activities in more than two countries.
Since the collapse of communism over a quarter of a century ago, formerly communist nations
now have transformed their economies by globalizing their markets. This involves:
A. Regulating Markets.
B. Privatizing state-owned enterprises.
C. Decreasing competition.
D. Reducing foreign investment.
B. Privatizing state-owned enterprises.
Which of the following is a reason that little progress has been made toward the ambition goals
set at the 1992 Earth Summit in Rio de Janeiro?
A. China has shown a strong appetite to adopt tighter pollution controls.
B. Political cooperation in the U.S. Congress promotes domestic action.
C. There is a culture of denial in the United States.
D. Trade liberalization efforts have not been rolled back.
C. There is a culture of denial in the United States.
,Issy's Ice Cream is an international business. As such, it:
A. Needs to have manufacturing units in at least two foreign nations.
B. Needs to manufacture products or provide services that target a global market.
C. Need no customize its products to the requirements of national markets.
D. Invests in international trade or investment.
D. Invests in international trade or investment.
Which of the following is a consequence of globalization?
A. Decreasing interdependence between national economies.
B. Increasing outsourcing.
C. Differentiating of material culture.
D. Increasing barriers to cross-border trade.
B. Increasing outsourcing.
Since Wally's Whistles is a medium-size business, it wouldn't benefit from globalization.
True/False
False
A study published in 2011 by the OECD noted that:
A. The real household income of unskilled workers in the United States increased more in
comparison to that of skilled workers.
B. In almost all countries real income levels declined over the 20-year period studied.
C. The falling unemployment rates brought gains to low-wage workers and fairly broad-based
wage growth.
, D. The gap between the poorest and richest segments of society in some OECD countries had
widened.
D. The gap between the poorest and richest segments of society in some OECD countries had
widened.
If China continues to move toward greater free market reforms it:
A. May move from industrial superpower to third-world status.
B. will likely see a decrease in GDP per capita.
C. May move from third-world to industrial superpower status.
D. Will likely give global market share to Western and Japanese enterprises.
C. May move from third-world to industrial superpower status.
Since the 1960s, which of the following has been a notable trend in the demographics of the
multinational enterprise?
A. The decline of multinational companies in the manufacturing sector.
B. The growth of government-owned multinational enterprises.
C. The decline of non-U.S. multinationals
D. The growth of mini-multinationals.
D. The growth of mini-multinationals.
What is true about the International Monetary Fund?
A. It is primarily responsible for policing the world trading system.
B. It is seen as the lender of last resort to nation-states whose economies are in turmoil.
