TEST BANK For Global Business Today,
c c c c c c
12th Edition By Charles Hill Chapters 1 - 17
c c c c c c c c
,Chapter cOne cGlobalization c
PART cTWO cNational cDifferences
Chapter cTwo cNational cDifferences cin cPolitical, cEconomic, cand cLegal cSystems c
Chapter cThree cNational cDifferences cin cEconomic cDevelopment c
Chapter cFour cDifferences cin cCulture c
Chapter cFive cEthics, cCorporate cSocial cResponsibility, cand cSustainability c
PART cTHREE cThe cGlobal cTrade cand cInvestment cEnvironment
Chapter cSix cInternational cTrade cTheory c
Chapter cSeven cGovernment cPolicy cand cInternational cTrade c
Chapter cEight cForeign cDirect cInvestment c
Chapter cNine cRegional cEconomic cIntegration c
PART cFOUR cThe cGlobal cMonetary cSystem
Chapter cTen cThe cForeign cExchange cMarket c
Chapter cEleven cThe cInternational cMonetary cSystem c
PART cFIVE cThe cStrategy cof cInternational cBusiness
Chapter cTwelve cThe cStrategy cof cInternational cBusiness c
Chapter cThirteen cEntering cDeveloped cand cEmerging cMarkets c
PART cSIX cInternational cBusiness cFunctions
Chapter cFourteen cExporting, cImporting, cand cCountertrade c
Chapter cFifteen cGlobal cProduction cand cSupply cChain cManagement c
Chapter cSixteen cGlobal cMarketing cand cBusiness cAnalytics c
Chapter cSeventeen cGlobal cHuman cResource cManagement c c
,Answers care cat cthe cend cof ceach cchapter
Chapter c01
GlobalizationcTrue c/
c
False cQuestions
c
1. As ca cresult cof cglobalization, cwe chave cbeen cmoving ctoward ca cworld cin cwhich cnational
ceconomiescare crelatively cself-contained centities.
True False
2. By coffering cthe csame cbasic cproduct cworldwide, cfirms chelp cto ccreate ca cglobal
market.cTrue False
c
3. A ccompany chas cto cbe cthe csize cof ca cmultinational cgiant cto cfacilitate, cand cbenefit
cfrom, cthecglobalization cof cmarkets.
True False
4. As ca cresult cof cglobalization, ccompanies crarely cneed cto ccustomize cmarketing cstrategies,
cproductcfeatures, cand coperating cpractices cin cdifferent ccountries.
True False
5. Globalization chas cresulted cin cgreater cuniformity creplacing cdiversity cacross cnational
markets.cTrue False
c
6. As cfirms cfollow ceach cother caround cthe cworld, cthey cbring cwith cthem cmany cof cthe cassets
cthatcserved cthem cwell cin cother cnational cmarkets. cThus, cgreater cdiversity creplaces cuniformity.
True False
7. Substantial cimpediments, csuch cas cbarriers cto cforeign cdirect cinvestment, cmake cit cdifficult cfor
cfirmscto cachieve cthe coptimal cdispersion cof ctheir cproductive cactivities cto clocations caround cthe cglobe.
True False
8. The cWorld cTrade cOrganization, cthe cInternational cMonetary cFund cand cits csister cinstitution
cthecWorld cBank, cand cthe cUnited cNations cwere call ccreated cby cvoluntary cagreement cbetween
cindividual cnation- cstates.
True False
, 9. The cInternational cMonetary cFund cand cthe cWorld cBank cwere cboth ccreated cin c1944 cby c44
cnationscthat cmet cat cBretton cWoods, cNew cHampshire.
True False
10. The cWTO cis cseen cas cthe clender cof clast cresort cto cnation-states cwhose ceconomies care cin
cturmoilcand cwhose ccurrencies care closing cvalue cagainst cthose cof cother cnations.
True False
11. The cIMF cis cless ccontroversial cthan cits csister cinstitution, cthe cWorld
Bank.cTrue
c False
12. In creturn cfor cloans, cthe cIMF crequires cnation-states cto cadopt cspecific ceconomic cpolicies
caimed catcreturning ctheir ctroubled ceconomies cto cstability cand cgrowth.
True False
13. Foreign cdirect cinvestment c(FDI) coccurs cwhen ca cfirm cinvests cresources cin cbusiness
cactivitiescoutside cits chome ccountry.
True False
14. After cWorld cWar cII, cthe cadvanced cnations cof cthe cWest ccommitted cthemselves cto
cincreasingcbarriers cto cthe cfree cflow cof cgoods, cservices, cand ccapital cbetween cnations.
True False
15. The cUruguay cRound, cheld cunder cthe cumbrella cof cGATT, cextended cGATT cto ccover cservices cas
cwellcas cmanufactured cgoods.
True False
16. The clowering cof ctrade cand cinvestment cbarriers callows cfirms cto cbase cproduction cat cthe
coptimalclocation cfor cthat cactivity.
True False
17. As ca cresult cof cinternational ctrade, cthe ceconomies cof cthe cworld’s cnation-states care cbecoming
clesscintertwined.
True False
18. The cglobalization cof cmarkets cand cproduction cand cthe cresulting cgrowth cof cworld ctrade,
cforeigncdirect cinvestment, cand cimports call cimply cthat cfirms care cfinding cit ceasier cto cprotect
cthemselves cfrom
the cattack cof cforeign ccompetitors.
c c c c c c
12th Edition By Charles Hill Chapters 1 - 17
c c c c c c c c
,Chapter cOne cGlobalization c
PART cTWO cNational cDifferences
Chapter cTwo cNational cDifferences cin cPolitical, cEconomic, cand cLegal cSystems c
Chapter cThree cNational cDifferences cin cEconomic cDevelopment c
Chapter cFour cDifferences cin cCulture c
Chapter cFive cEthics, cCorporate cSocial cResponsibility, cand cSustainability c
PART cTHREE cThe cGlobal cTrade cand cInvestment cEnvironment
Chapter cSix cInternational cTrade cTheory c
Chapter cSeven cGovernment cPolicy cand cInternational cTrade c
Chapter cEight cForeign cDirect cInvestment c
Chapter cNine cRegional cEconomic cIntegration c
PART cFOUR cThe cGlobal cMonetary cSystem
Chapter cTen cThe cForeign cExchange cMarket c
Chapter cEleven cThe cInternational cMonetary cSystem c
PART cFIVE cThe cStrategy cof cInternational cBusiness
Chapter cTwelve cThe cStrategy cof cInternational cBusiness c
Chapter cThirteen cEntering cDeveloped cand cEmerging cMarkets c
PART cSIX cInternational cBusiness cFunctions
Chapter cFourteen cExporting, cImporting, cand cCountertrade c
Chapter cFifteen cGlobal cProduction cand cSupply cChain cManagement c
Chapter cSixteen cGlobal cMarketing cand cBusiness cAnalytics c
Chapter cSeventeen cGlobal cHuman cResource cManagement c c
,Answers care cat cthe cend cof ceach cchapter
Chapter c01
GlobalizationcTrue c/
c
False cQuestions
c
1. As ca cresult cof cglobalization, cwe chave cbeen cmoving ctoward ca cworld cin cwhich cnational
ceconomiescare crelatively cself-contained centities.
True False
2. By coffering cthe csame cbasic cproduct cworldwide, cfirms chelp cto ccreate ca cglobal
market.cTrue False
c
3. A ccompany chas cto cbe cthe csize cof ca cmultinational cgiant cto cfacilitate, cand cbenefit
cfrom, cthecglobalization cof cmarkets.
True False
4. As ca cresult cof cglobalization, ccompanies crarely cneed cto ccustomize cmarketing cstrategies,
cproductcfeatures, cand coperating cpractices cin cdifferent ccountries.
True False
5. Globalization chas cresulted cin cgreater cuniformity creplacing cdiversity cacross cnational
markets.cTrue False
c
6. As cfirms cfollow ceach cother caround cthe cworld, cthey cbring cwith cthem cmany cof cthe cassets
cthatcserved cthem cwell cin cother cnational cmarkets. cThus, cgreater cdiversity creplaces cuniformity.
True False
7. Substantial cimpediments, csuch cas cbarriers cto cforeign cdirect cinvestment, cmake cit cdifficult cfor
cfirmscto cachieve cthe coptimal cdispersion cof ctheir cproductive cactivities cto clocations caround cthe cglobe.
True False
8. The cWorld cTrade cOrganization, cthe cInternational cMonetary cFund cand cits csister cinstitution
cthecWorld cBank, cand cthe cUnited cNations cwere call ccreated cby cvoluntary cagreement cbetween
cindividual cnation- cstates.
True False
, 9. The cInternational cMonetary cFund cand cthe cWorld cBank cwere cboth ccreated cin c1944 cby c44
cnationscthat cmet cat cBretton cWoods, cNew cHampshire.
True False
10. The cWTO cis cseen cas cthe clender cof clast cresort cto cnation-states cwhose ceconomies care cin
cturmoilcand cwhose ccurrencies care closing cvalue cagainst cthose cof cother cnations.
True False
11. The cIMF cis cless ccontroversial cthan cits csister cinstitution, cthe cWorld
Bank.cTrue
c False
12. In creturn cfor cloans, cthe cIMF crequires cnation-states cto cadopt cspecific ceconomic cpolicies
caimed catcreturning ctheir ctroubled ceconomies cto cstability cand cgrowth.
True False
13. Foreign cdirect cinvestment c(FDI) coccurs cwhen ca cfirm cinvests cresources cin cbusiness
cactivitiescoutside cits chome ccountry.
True False
14. After cWorld cWar cII, cthe cadvanced cnations cof cthe cWest ccommitted cthemselves cto
cincreasingcbarriers cto cthe cfree cflow cof cgoods, cservices, cand ccapital cbetween cnations.
True False
15. The cUruguay cRound, cheld cunder cthe cumbrella cof cGATT, cextended cGATT cto ccover cservices cas
cwellcas cmanufactured cgoods.
True False
16. The clowering cof ctrade cand cinvestment cbarriers callows cfirms cto cbase cproduction cat cthe
coptimalclocation cfor cthat cactivity.
True False
17. As ca cresult cof cinternational ctrade, cthe ceconomies cof cthe cworld’s cnation-states care cbecoming
clesscintertwined.
True False
18. The cglobalization cof cmarkets cand cproduction cand cthe cresulting cgrowth cof cworld ctrade,
cforeigncdirect cinvestment, cand cimports call cimply cthat cfirms care cfinding cit ceasier cto cprotect
cthemselves cfrom
the cattack cof cforeign ccompetitors.
