Test Bank for Global Business (5th Edition) by Mike W. Peng chapter 1-17 complete| Verified Questions & Answers

TEST BANK for Global Business 5th Edition
by Peng Mike. Complete Chapters 1 - 17

,TABLE OF CONTENTS

1. Chapter 1: Introduction

2. Chapter 2: Formal Institutions: Politics, Laws, and Economics

3. Chapter 3: Informal Institutions: Cultures, Ethics, and Norms

4. Chapter 4: Resources and Capabilities

5. Chapter 5: International Trade

6. Chapter 6: Foreign Direct Investment

7. Chapter 7: Foreign Exchange

8. Chapter 8: Global and Regional Integration

9. Chapter 9: The Entrepreneurial Firm

10. Chapter 10: Foreign Market Entry

11. Chapter 11: Global Competitive Dynamics

12. Chapter 12: Alliances and Acquisitions

13. Chapter 13: Strategy, Structure, and Innovation in Multinationals

14. Chapter 14: Marketing and Supply Chain Management

15. Chapter 15: Human Resource Management

16. Chapter 16: Corporate Finance and Governance

17. Chapter 17: Corporate Social Responsibility

,Chapter 1

1. A multinational enterprise is a firm that engages in foreign direct investment by directly investing in, controlling,
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andmanaging value-added activities in other countries.
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a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Difficulty: Easy q




REFERENCES: International Business and Global Business q q q q




QUESTION TYPE: True / False
q q q




HAS VARIABLES:
q False
LEARNING OBJECTIVES: GLOB.PENG.05.01-01 - LO: 01-01
q q q q




NATIONAL STANDARDS: United States - BUSPROG: Analytic
q q q q q




STATE STANDARDS: q United States - AK - DISC: Creation of Valueq q q q q q q q




KEYWORDS: Bloom's: Remember q




DATE CREATED:q 11/12/2021 2:54 PM q q




DATE MODIFIED:
q 3/5/2022 11:24 AM q q




2. The term ―emerging markets‖ refers to the fastest-growing developing economies.
q q q q q q q q q



a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Difficulty: Easy q




REFERENCES: Globalization and Semiglobalization q q




QUESTION TYPE: True / False
q q q




HAS VARIABLES:
q False
LEARNING OBJECTIVES: GLOB.PENG.05.01-04 - LO: 01-04
q q q q




NATIONAL STANDARDS: United States - BUSPROG: Analytic
q q q q q




STATE STANDARDS: q United States - AK - DISC: Strategy q q q q q q




KEYWORDS: Bloom's: Remember q




DATE CREATED:q 11/12/2021 2:54 PM q q




DATE MODIFIED:
q 3/5/2022 11:24 AM q q




3. Gross domestic product (GDP) is the sum of value added by resident firms, households, and governments operating
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inan economy.
q q



a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Difficulty: Moderate q

,REFERENCES: Global Business and Globalization at a Crossroads
q q q q q q




QUESTION TYPE: q True / False
q q




HAS VARIABLES:
q False
LEARNING OBJECTIVES:q GLOB.PENG.05.01-05 - LO: 01-05 q q q




NATIONAL STANDARDS: q United States - BUSPROG: Analytic
q q q q




STATE STANDARDS:
q United States - AK - DISC: Environmental Influence
q q q q q q q




KEYWORDS: Bloom's: Remember q




DATE CREATED:
q 11/12/2021 2:54 PM q q




DATE MODIFIED:
q 3/5/2022 11:24 AM q q




4. The majority of the global GDP is contributed by the emerging markets.
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a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Difficulty: Moderate q




REFERENCES: Global Business and Globalization at a Crossroads q q q q q q




QUESTION TYPE: q True / False q q




HAS VARIABLES:
q False
LEARNING OBJECTIVES: GLOB.PENG.05.01-05 - LO: 01-05
q q q q




NATIONAL STANDARDS: United States - BUSPROG: Analytic
q q q q q




STATE STANDARDS:
q United States - AK - DISC: Environmental Influence q q q q q q q




KEYWORDS: Bloom's: Remember q




DATE CREATED:
q 11/12/2021 2:54 PM q q




DATE MODIFIED:
q 3/5/2022 11:24 AM q q




5. Purchasing power parity (PPP) is a conversion that determines the equivalent amount of goods and services
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differentcurrencies can purchase.
q q q



a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Difficulty: Easy q




REFERENCES: Global Business and Globalization at a Crossroads q q q q q q




QUESTION TYPE: q True / False q q




HAS VARIABLES:
q False
LEARNING OBJECTIVES: GLOB.PENG.05.01-05 - LO: 01-05
q q q q




NATIONAL STANDARDS: United States - BUSPROG: Analytic
q q q q q




STATE STANDARDS:
q United States - AK - DISC: Environmental Influence q q q q q q q




KEYWORDS: Bloom's: Remember q




DATE CREATED:
q 11/12/2021 2:54 PM q q




DATE MODIFIED:
q 3/5/2022 11:24 AM q q




6. Purchasing power parity (PPP) is calculated as the sum of value added by resident firms, households, and
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governmentsoperating in an economy.
q q q q



a. True

, b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Difficulty: Easy q




REFERENCES: Global Business and Globalization at a Crossroads
q q q q q q




QUESTION TYPE: q True / Falseq q




HAS VARIABLES:
q False
LEARNING OBJECTIVES: q GLOB.PENG.05.01-05 - LO: 01-05 q q q




NATIONAL STANDARDS: q United States - BUSPROG: Analytic
q q q q




STATE STANDARDS:
q United States - AK - DISC: Environmental Influence
q q q q q q q




KEYWORDS: Bloom's: Remember q




DATE CREATED:
q 11/12/2021 2:54 PM q q




DATE MODIFIED:
q 3/5/2022 11:24 AM q q




7. Global business includes both international and domestic business activities.
q q q q q q q q



a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Difficulty: Easy q




REFERENCES: International Business and Global Business q q q q




QUESTION TYPE: q True / False q q




HAS VARIABLES:
q False
LEARNING OBJECTIVES: GLOB.PENG.05.01-01 - LO: 01-01
q q q q




NATIONAL STANDARDS: United States - BUSPROG: Analytic
q q q q q




STATE STANDARDS:
q United States - AK - DISC: Environmental Influence
q q q q q q q




KEYWORDS: Bloom's: Remember q




DATE CREATED:
q 11/12/2021 2:54 PM q q




DATE MODIFIED:
q 3/5/2022 11:24 AM q q




8. International business can be defined as the investment in, controlling, and managing value-added activities in
q q q q q q q q q q q q q q q



othercountries.
q



a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Difficulty: Easy q




REFERENCES: International Business and Global Business q q q q




QUESTION TYPE: q True / False q q




HAS VARIABLES:
q False
LEARNING OBJECTIVES: GLOB.PENG.05.01-01 - LO: 01-01
q q q q




NATIONAL STANDARDS: United States - BUSPROG: Analytic
q q q q q




STATE STANDARDS:
q United States - AK - DISC: Environmental Influence
q q q q q q q




KEYWORDS: Bloom's: Remember q



DATE CREATED:
q 11/12/2021 2:54 PM q q

,DATE MODIFIED: q 3/5/2022 11:24 AM q q




9. On the global economic pyramid, the Triad refers to developed economies consisting of North America, Europe,
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andJapan.
q



a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Difficulty: Easy q




REFERENCES: Global Business and Globalization at a Crossroads q q q q q q




QUESTION TYPE: True / False
q q q




HAS VARIABLES:
q False
LEARNING OBJECTIVES: GLOB.PENG.05.01-05 - LO: 01-05
q q q q




NATIONAL STANDARDS: United States - BUSPROG: Analytic
q q q q q




STATE STANDARDS: q United States - AK - DISC: Creation of Value q q q q q q q q




KEYWORDS: Bloom's: Remember q




DATE CREATED: q 11/12/2021 2:54 PM q q




DATE MODIFIED: q 3/5/2022 11:24 AM q q




10. All the countries of the BRIC belong to the top tier of the global economic pyramid.
q q q q q q q q q q q q q q q



a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Difficulty: Easy q




REFERENCES: Globalization and Semiglobalization q q




QUESTION TYPE: True / False
q q q




HAS VARIABLES:
q False
LEARNING OBJECTIVES: GLOB.PENG.05.01-04 - LO: 01-04
q q q q




NATIONAL STANDARDS: United States - BUSPROG: Analytic
q q q q q




STATE STANDARDS: q United States - AK - DISC: Environmental Influence q q q q q q q




KEYWORDS: Bloom's: Remember q




DATE CREATED: q 11/12/2021 2:54 PM q q



DATE MODIFIED: q 3/5/2022 11:24 AM q q




11. The second tier of the global economic pyramid is made up of countries with a per capita annual income of more than
q q q q q q q q q q q q q q q q q q q q q



$20,000.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Difficulty: Easy q




REFERENCES: Globalization and Semiglobalization q q




QUESTION TYPE: True / False
q q q




HAS VARIABLES:
q False
LEARNING OBJECTIVES: GLOB.PENG.05.01-04 - LO: 01-04
q q q q

,NATIONAL STANDARDS: q United States - BUSPROG: Analytic
q q q q




STATE STANDARDS:
q United States - AK - DISC: Environmental Influence
q q q q q q q




KEYWORDS: Bloom's: Remember q




DATE CREATED:
q 11/12/2021 2:54 PM q q




DATE MODIFIED:
q 3/5/2022 11:24 AM q q




12. The emerging markets of the world are placed at the top of the global economic pyramid.
q q q q q q q q q q q q q q q



a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Difficulty: Easy q




REFERENCES: Globalization and Semiglobalization q q




QUESTION TYPE: q True / False q q




HAS VARIABLES:
q False
LEARNING OBJECTIVES: GLOB.PENG.05.01-04 - LO: 01-04
q q q q




NATIONAL STANDARDS: United States - BUSPROG: Analytic
q q q q q




STATE STANDARDS:
q United States - AK - DISC: Creation of Value
q q q q q q q q




KEYWORDS: Bloom's: Remember q




DATE CREATED:
q 11/12/2021 2:54 PM q q




DATE MODIFIED:
q 3/5/2022 11:24 AM q q




13. The global economic pyramid does not represent countries that have a per capita annual income of less than $2,000.
q q q q q q q q q q q q q q q q q q



a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Difficulty: Easy q




REFERENCES: Globalization and Semiglobalization q q




QUESTION TYPE: q True / False q q




HAS VARIABLES:
q False
LEARNING OBJECTIVES: GLOB.PENG.05.01-04 - LO: 01-04
q q q q




NATIONAL STANDARDS: United States - BUSPROG: Analytic
q q q q q




STATE STANDARDS:
q United States - AK - DISC: Environmental Influence
q q q q q q q




KEYWORDS: Bloom's: Remember q




DATE CREATED:
q 11/12/2021 2:54 PM q q




DATE MODIFIED:
q 3/5/2022 11:24 AM q q




14. The term "base of the pyramid" represents economies where individuals make less than $2,000 a year.
q q q q q q q q q q q q q q q



a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Difficulty: Easy q



REFERENCES: Globalization and Semiglobalization q q

,QUESTION TYPE: q True / False
q q




HAS VARIABLES:
q False
LEARNING OBJECTIVES: q GLOB.PENG.05.01-04 - LO: 01-04 q q q




NATIONAL STANDARDS: q United States - BUSPROG: Analytic
q q q q




STATE STANDARDS:q United States - AK - DISC: Environmental Influence
q q q q q q q




KEYWORDS: Bloom's: Remember q




DATE CREATED:
q 11/12/2021 2:54 PM q q




DATE MODIFIED:
q 3/5/2022 11:24 AM q q




15. Reverse innovations are innovations that are adopted first in the Triad-based multinationals and then diffused
q q q q q q q q q q q q q q q



aroundthe world.
q q



a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Difficulty: Moderate q




REFERENCES: Globalization and Semiglobalization q q




QUESTION TYPE: True / False
q q q




HAS VARIABLES:
q False
LEARNING OBJECTIVES: GLOB.PENG.05.01-04 - LO: 01-04
q q q q




NATIONAL STANDARDS: United States - BUSPROG: Analytic
q q q q q




STATE STANDARDS:q United States - AK - DISC: Strategy q q q q q q




KEYWORDS: Bloom's: Remember q




DATE CREATED:
q 11/12/2021 2:54 PM q q




DATE MODIFIED:
q 3/5/2022 11:24 AM q q




16. Reverse innovation is an example of bottom up innovation.
q q q q q q q q



a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Difficulty: Moderate q




REFERENCES: Globalization and Semiglobalization q q




QUESTION TYPE: True / False
q q q




HAS VARIABLES:
q False
LEARNING OBJECTIVES: GLOB.PENG.05.01-04 - LO: 01-04
q q q q




NATIONAL STANDARDS: United States - BUSPROG: Analytic
q q q q q




STATE STANDARDS:q United States - AK - DISC: Motivation Concepts - DISC: Environmental Influence
q q q q q q q q q q q




KEYWORDS: Bloom's: Remember q




DATE CREATED:
q 11/12/2021 2:54 PM q q




DATE MODIFIED:
q 3/5/2022 11:24 AM q q




17. The Group of 20 includes the European Union (EU)—a regional bloc.
q q q q q q q q q q



a. True
b. False
ANSWER: True

, POINTS: 1
DIFFICULTY: Difficulty: Easy q




REFERENCES: Why Study Global Business?
q q q




QUESTION TYPE: q True / False q q




HAS VARIABLES:
q False
LEARNING OBJECTIVES: q GLOB.PENG.05.01-02 - LO: 01-02 q q q




NATIONAL STANDARDS: q United States - BUSPROG: Analytic
q q q q




STATE STANDARDS:q United States - AK - DISC: Strategy
q q q q q q




KEYWORDS: Bloom's: Remember q




DATE CREATED:
q 11/12/2021 2:54 PM q q




DATE MODIFIED:
q 3/5/2022 11:24 AM q q




18. Globalization has driven up the salaries of low-level jobs.
q q q q q q q q



a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Difficulty: Moderate q




REFERENCES: Why Study Global Business? q q q




QUESTION TYPE: q True / False q q




HAS VARIABLES:
q False
LEARNING OBJECTIVES: GLOB.PENG.05.01-02 - LO: 01-02
q q q q




NATIONAL STANDARDS: United States - BUSPROG: Analytic
q q q q q




STATE STANDARDS:q United States - AK - DISC: Creation of Value q q q q q q q q




KEYWORDS: Bloom's: Understand q




DATE CREATED:
q 11/12/2021 2:54 PM q q




DATE MODIFIED:
q 3/5/2022 11:24 AM q q




19. An international premium is a significant pay raise awarded to expatriate employees working abroad.
q q q q q q q q q q q q q



a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Difficulty: Easy q




REFERENCES: Why Study Global Business? q q q




QUESTION TYPE: q True / False q q




HAS VARIABLES:
q False
LEARNING OBJECTIVES: GLOB.PENG.05.01-02 - LO: 01-02
q q q q




NATIONAL STANDARDS: United States - BUSPROG: Analytic
q q q q q




STATE STANDARDS:q United States - AK - DISC: Creation of Value q q q q q q q q




KEYWORDS: Bloom's: Remember q




DATE CREATED:
q 11/12/2021 2:54 PM q q




DATE MODIFIED:
q 3/5/2022 11:24 AM q q




20. New York has more Fortune Global 500 company headquarters than any other city.
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