Test Bank - International Accounting, 6th Edition by Timothy Doupnik, All Chapters 1-12 Complete Guide A+

Chapters01s-sGlobalization




Chapter 01 s


Globalization
s



ss




Trues/sFalsesQuestions
s




1.s(p.s7)sGlobalizationsrefersstosthesshiftstowardsasmoresintegratedsandsinterdependentsworldsecono
my.s
TRUE
s



AACSB:sAnalytic
BT:sKnowledge
Difficulty:sEasy
LearningsObjective:s1-1
Topic:sWhatsIssGlobalization?
s




2.s(p.s7)sTastessandspreferencessofsconsumerssinsdifferentsnationssaresbeginningstosconvergesonssom
esglobalsnorm.s
TRUE
s



AACSB:sAnalytic
BT:sKnowledge
Difficulty:sEasy
LearningsObjective:s1-1
Topic:sWhatsIssGlobalization?
s




3.s(p.s7)sAscompanyshasstosbesasmajorsmultinationalscorporationstosfacilitate,sandsbenefitsfrom,sthesg
lobalizationsofsmarkets.s
FALSE
s



AACSB:sAnalytic
BT:sKnowledge
Difficulty:sMedium
LearningsObjective:s1-1
Topic:sWhatsIssGlobalization?
s




1-1

,Chapters01s-sGlobalization


4.s(p.s7)sInsGermany,s98spercentsofssmallsandsmidsizescompaniesshavesexposurestosinternationalsma
rkets.s
TRUE
s



AACSB:sAnalytic
BT:sKnowledge
Difficulty:sEasy
LearningsObjective:s1-1
Topic:sWhatsIssGlobalization?
s




5.s(p.s8)sCurrently,sthesmostsglobalsofsmarketssaresforsindustrialsgoodssandsmaterialssthatsservesasuni
versalsneedsthesworldsover.s
TRUE
s



AACSB:sAnalytic
BT:sKnowledge
Difficulty:sEasy
LearningsObjective:s1-1
Topic:sWhatsIssGlobalization?
s




6.s(p.s8)sAssfirmssfollowseachsothersaroundsthesworld,sgreatersdiversitysreplacessuniformity.s
FALSE
s



AACSB:sAnalytic
BT:sKnowledge
Difficulty:sEasy
LearningsObjective:s1-1
Topic:sWhatsIssGlobalization?
s




7.s(p.s10)sSubstantialsimpedimentsssuchsassbarriersstosforeignsdirectsinvestmentsmakesitsdifficultsfors
firmsstosachievesthesoptimalsdispersionsofstheirsproductivesactivitiesstoslocationssaroundsthesglobe
.s
TRUE
s



AACSB:sAnalytic
BT:sKnowledge
Difficulty:sEasy
LearningsObjective:s1-1
Topic:sWhatsIssGlobalization?
s




1-2

,Chapters01s-sGlobalization


8.s(p.s10)sGATTsstandssforsthesGeneralsAgreementsonsTariffssandsTrade.s
TRUE
s



AACSB:sAnalytic
BT:sKnowledge
Difficulty:sEasy
LearningsObjective:s1-1
Topic:sThesEmergencesofsGlobalsInstitutions
s




9.s(p.s10)sAssofs2008,s149snations,swhichscollectivelysaccountedsfors90spercentsofsworldstrade,sweres
WTOsmembers.s
FALSE
s



AACSB:sAnalytic
BT:sKnowledge
Difficulty:sEasy
LearningsObjective:s1-1
Topic:sThesEmergencesofsGlobalsInstitutions
s




10.s(p.s11)sThesUnitedsNationssandsthesWorldsBanksweresbothscreatedsins1944sbys44snationssthatsme
tsatsBretonsWoods,sNewsHampshire.s
FALSE
s



AACSB:sAnalytic
BT:sKnowledge
Difficulty:sEasy
LearningsObjective:s1-1
Topic:sThesEmergencesofsGlobalsInstitutions
s




11.s(p.s11)sThesIMFsissoftensseensasstheslendersofslastsresortstosnation-
statesswhoseseconomiessaresinsturmoil.s
TRUE
s



AACSB:sAnalytic
BT:sKnowledge
Difficulty:sEasy
LearningsObjective:s1-1
Topic:sThesEmergencesofsGlobalsInstitutions
s




1-3

, Chapters01s-sGlobalization


12.s(p.s12)sAftersWorldsWarsI,sthesadvancedsnationssofsthesWestscommittedsthemselvesstosremoving
sbarriersstosthesfreesflowsofsgoods,sservices,sandscapitalsbetweensnations.s

FALSE
s



AACSB:sAnalytic
BT:sKnowledge
Difficulty:sEasy
LearningsObjective:s1-2
Topic:sDriverssofsGlobalization
s




13.s(p.s12)sInsadditionstosreducingstradesbarriers,smanyscountriesshavesalsosbeensprogressivelysremo
vingsrestrictionsstosforeignsdirectsinvestment.s
TRUE
s



AACSB:sAnalytic
BT:sKnowledge
Difficulty:sEasy
LearningsObjective:s1-2
Topic:sDriverssofsGlobalization
s




14.s(p.s13)sSincesthesmid-
1980s,sthesvaluesofsinternationalstradesinsservicesshassbeensdecreasingscomparedstostradesinsprodu
ction.s
FALSE
s



AACSB:sAnalytic
BT:sKnowledge
Difficulty:sEasy
LearningsObjective:s1-2
Topic:sDriverssofsGlobalization
s




15.s(p.s13)sThesvolumesofsworldsoutputshassgrownsfastersthansthesvolumesofsworldsmerchandisestrad
essincesthes1950s,saccordingstosdatasfromsthesWorldsTradesOrganization.s
FALSE
s



AACSB:sAnalytic
BT:sKnowledge
Difficulty:sMedium
LearningsObjective:s1-2
Topic:sDriverssofsGlobalization
s




1-4