TEST BANK For Global Business Today,
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12th Edition By Charles Hill Chapters 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 n n
True / False Questions
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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. By offering the same basic product worldwide, firms help to create a global market.
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True
n 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.
n n n
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.
n n n n n n n
True False
5. Globalization has resulted in greater uniformity replacing diversity across national markets.
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True
n False
6. As firms follow each other around the world, they bring with them many of the assets that
n n n n n n n n n n n n n n n n
served them well in other national markets. Thus, greater diversity replaces uniformity.
n n n n n n n n n n n n
True False
7. Substantial impediments, such as barriers to foreign direct investment, make it difficult for firmsto
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achieve the optimal dispersion of 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
n n n n n n n n n n n n n n
nation- states.
n n
True False
, 9. The International Monetary Fund and the World Bank were both created in 1944 by 44 nations
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that met at Bretton Woods, 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 turmoil
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and whose currencies are losing value against those of other nations.
n n n n n n n n n n n
True False
11. The IMF is less controversial than its sister institution, the World Bank.
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True
n False
12. In return for loans, the IMF requires nation-states to adopt specific economic policies aimed at
n n n n n n n n n n n n n n
returning their troubled economies to stability and growth.
n n n n n n n n
True False
13. Foreign direct investment (FDI) occurs when a firm invests resources in business activities
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outside its home country.
n n n n
True False
14. After World War II, the advanced nations of 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
n n n n n n n n n n n n n n n n
manufactured goods.
n n
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.
n n n n
True False
17. As a result of international trade, the economies of the world’s nation-states are becoming less
n n n n n n n n n n n n n n
intertwined.
n
True False
18. The globalization of markets and production and the resulting growth of world trade, foreign
n n n n n n n n n n n n n
direct investment, and imports all imply that firms are finding it easier to protect themselves from
n n n n n n n n n n n n n n n n
the attack of foreign competitors.
n n n n
n n n n n n
12th Edition By Charles Hill Chapters 1 - 17
n n n n n n n n
,Chapter One Globalization
n n n
PART TWO National Differences
n n n
Chapter Two National Differences in Political, Economic, and Legal Systems
n n n n n n n n n n
Chapter Three National Differences in Economic Development
n n n n n n n
Chapter Four Differences in Culture
n n n n n
Chapter Five Ethics, Corporate Social Responsibility, and Sustainability
n n n n n n n n
PART THREE The Global Trade and Investment Environment
n n n n n n n
Chapter Six International Trade Theory
n n n n n
Chapter Seven Government Policy and International Trade
n n n n n n n
Chapter Eight Foreign Direct Investment
n n n n n
Chapter Nine Regional Economic Integration
n n n n n
PART FOUR The Global Monetary System
n n n n n
Chapter Ten The Foreign Exchange Market
n n n n n n
Chapter Eleven The International Monetary System
n n n n n n
PART FIVE The Strategy of International Business
n n n n n n
Chapter Twelve The Strategy of International Business
n n n n n n n
Chapter Thirteen Entering Developed and Emerging Markets
n n n n n n n
PART SIX International Business Functions
n n n n
Chapter Fourteen Exporting, Importing, and Countertrade
n n n n n n
Chapter Fifteen Global Production and Supply Chain Management
n n n n n n n n
Chapter Sixteen Global Marketing and Business Analytics
n n n n n n n
Chapter Seventeen Global Human Resource Management
n n n n n nn
,Answers are at the end of each chapter
n n n n n n n
Chapter 01 Globalization n n
True / False Questions
n n n n
1. As a result of globalization, we have been moving toward a world in which national economiesare
n n n n n n n n n n n n n n n n
relatively self-contained entities.
n n n
True False
2. By offering the same basic product worldwide, firms help to create a global market.
n n n n n n n n n n n n n
True
n False
3. A company has to be the size of a multinational giant to facilitate, and benefit from, the
n n n n n n n n n n n n n n n n
globalization of markets.
n n n
True False
4. As a result of globalization, companies rarely need to customize marketing strategies, product
n n n n n n n n n n n n
features, and operating practices in different countries.
n n n n n n n
True False
5. Globalization has resulted in greater uniformity replacing diversity across national markets.
n n n n n n n n n n
True
n False
6. As firms follow each other around the world, they bring with them many of the assets that
n n n n n n n n n n n n n n n n
served them well in other national markets. Thus, greater diversity replaces uniformity.
n n n n n n n n n n n n
True False
7. Substantial impediments, such as barriers to foreign direct investment, make it difficult for firmsto
n n n n n n n n n n n n n n
achieve the optimal dispersion of their productive activities to locations around the globe.
n n n n n n n n n n n n n
True False
8. The World Trade Organization, the International Monetary Fund and its sister institution the
n n n n n n n n n n n n
World Bank, and the United Nations were all created by voluntary agreement between individual
n n n n n n n n n n n n n n
nation- states.
n n
True False
, 9. The International Monetary Fund and the World Bank were both created in 1944 by 44 nations
n n n n n n n n n n n n n n n
that met at Bretton Woods, New Hampshire.
n n n n n n n
True False
10. The WTO is seen as the lender of last resort to nation-states whose economies are in turmoil
n n n n n n n n n n n n n n n n
and whose currencies are losing value against those of other nations.
n n n n n n n n n n n
True False
11. The IMF is less controversial than its sister institution, the World Bank.
n n n n n n n n n n n
True
n False
12. In return for loans, the IMF requires nation-states to adopt specific economic policies aimed at
n n n n n n n n n n n n n n
returning their troubled economies to stability and growth.
n n n n n n n n
True False
13. Foreign direct investment (FDI) occurs when a firm invests resources in business activities
n n n n n n n n n n n n
outside its home country.
n n n n
True False
14. After World War II, the advanced nations of the West committed themselves to increasing
n n n n n n n n n n n n n
barriers to the free flow of goods, services, and capital between nations.
n n n n n n n n n n n n
True False
15. The Uruguay Round, held under the umbrella of GATT, extended GATT to cover services as wellas
n n n n n n n n n n n n n n n n
manufactured goods.
n n
True False
16. The lowering of trade and investment barriers allows firms to base production at the optimal
n n n n n n n n n n n n n n
location for that activity.
n n n n
True False
17. As a result of international trade, the economies of the world’s nation-states are becoming less
n n n n n n n n n n n n n n
intertwined.
n
True False
18. The globalization of markets and production and the resulting growth of world trade, foreign
n n n n n n n n n n n n n
direct investment, and imports all imply that firms are finding it easier to protect themselves from
n n n n n n n n n n n n n n n n
the attack of foreign competitors.
n n n n
