Global Business Today Global 8th Edition Hill Test Bank

TESTBANKForGlobalBusinessToday,
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12th Edition ByCharles HillChapters 1 - 17
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,Chapter One Globalization
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PART TWO National Differences
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Chapter Two National Differences in Political, Economic, and Legal Systems
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Chapter Three National Differences in Economic Development
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Chapter Four Differences in Culture
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Chapter Five Ethics, Corporate Social Responsibility, and Sustainability
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PART THREE The Global Trade and Investment Environment
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Chapter Six International Trade Theory
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Chapter Seven Government Policy and International Trade
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Chapter Eight Foreign Direct Investment
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Chapter Nine Regional Economic Integration
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PART FOUR The Global Monetary System
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Chapter Ten The Foreign Exchange Market
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Chapter Eleven The International Monetary System
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PART FIVE The Strategy of International Business
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Chapter Twelve The Strategy of International Business
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Chapter Thirteen Entering Developed and Emerging Markets
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PART SIX International Business Functions
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Chapter Fourteen Exporting, Importing, and Countertrade
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Chapter Fifteen Global Production and Supply Chain Management
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Chapter Sixteen Global Marketing and Business Analytics
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Chapter Seventeen Global Human Resource Management
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,Answers are at the end of each chapter
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Chapter 01 Globalization v v




True / FalseQuestions
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1. As a result of globalization, we have been moving toward a world in which national economiesare
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relatively self-contained entities.
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True False

2. Byoffering the same basic product worldwide, firms helpto create aglobalmarket.True
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False

3. A company has to be the size of a multinational giant to facilitate, and benefit from, the
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globalization of markets.
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True False

4. As a result of globalization, companies rarely need to customize marketing strategies, product
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features,and operating practices in different countries.
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True False

5. Globalization has resulted in greater uniformity replacing diversity across national markets. v v v v v v v v v v




True
v False

6. As firms follow eachother around the world, they bring with them many of theassets thatserved
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them well inother nationalmarkets. Thus, greater diversity replaces uniformity.
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True False

7. Substantial impediments, such as barriers to foreign direct investment, make it difficult for firmsto v v v v v v v v v v v v v v




achieve the optimal dispersionof their productive activities to locations around the globe.
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True False

8. The World Trade Organization, the International Monetary Fund and its sister institution the
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World Bank, and the United Nations were all created by voluntary agreement between individual nation-
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states.
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True False

, 9. The International Monetary Fund and the World Bank were both created in 1944 by 44 nationsthat
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met at BrettonWoods, New Hampshire.
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True False

10. The WTO is seen as the lender of last resort to nation-states whose economies are in turmoiland
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whose currencies are losing value against those of other nations.
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True False

11. The IMF is less controversial than its sister institution, the World Bank.
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True
v False

12. In return for loans, the IMF requires nation-states to adopt specific economic policies aimed at
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returning their troubledeconomies to stability and growth.
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True False

13. Foreign direct investment (FDI) occurs when a firm invests resources in business activities
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outside its home country.
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True False

14. After WorldWar II,the advanced nationsof the West committed themselves to increasing
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barriers to the free flow of goods, services, and capital between nations.
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True False

15. The Uruguay Round, held under the umbrella of GATT, extended GATT to cover services as wellas
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manufactured goods.
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True False

16. The lowering of trade and investment barriers allows firms to base production at the optimal
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location for that activity.
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True False

17. As a result of international trade, the economies of the world’s nation-states are becoming less
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intertwined.
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True False

18. The globalization of markets and production and the resulting growth of world trade, foreign
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direct investment, and imports allimply that firms are finding it easier to protect themselves from
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the attack of foreigncompetitors.
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