TEST BANK For Global Business Today,
12th Edition By Charles Hill Chapters 1 - 17
,Chapter One Globalization
PART TWO National Differences
Chapter Two National Differences in Political, Economic, and Legal Systems
Chapter Three National Differences in Economic Development
Chapter Four Differences in Culture
Chapter Five Ethics, Corporate Social Responsibility, and Sustainability
PART THREE The Global Trade and Investment Environment
Chapter Six International Trade Theory
Chapter Seven Government Policy and International Trade
Chapter Eight Foreign Direct Investment
Chapter Nine Regional Economic Integration
PART FOUR The Global Monetary System
Chapter Ten The Foreign Exchange Market
Chapter Eleven The International Monetary System
PART FIVE The Strategy of International Business
Chapter Twelve The Strategy of International Business
Chapter Thirteen Entering Developed and Emerging Markets
PART SIX International Business Functions
Chapter Fourteen Exporting, Importing, and Countertrade
Chapter Fifteen Global Production and Supply Chain Management
Chapter Sixteen Global Marketing and Business Analytics
Chapter Seventeen Global Human Resource Management
,Answers are at the end of each chapter
Chapter 01 Globalization
True / False Questions
1. As a result of globalization, we have been moving toward a world in which national economies
are relatively self-contained entities.
True False
2. By offering the same basic product worldwide, firms help to create a global market.
True False
3. A company has to be the size of a multinational giant to facilitate, and benefit from, the
globalization of markets.
True False
4. As aa aresult aof aglobalization, acompanies ararely aneed ato acustomize amarketing astrategies,
aproductafeatures, aand aoperating apractices ain adifferent acountries.
True False
5. Globalization ahas aresulted ain agreater auniformity areplacing adiversity aacross anational
amarkets.aTrue False
6. As afirms afollow aeach aother aaround athe aworld, athey abring awith athem amany aof athe
aassets athataserved athem awell ain aother anational amarkets. aThus, agreater adiversity areplaces
auniformity.
True False
7. Substantial aimpediments, asuch aas abarriers ato aforeign adirect ainvestment, amake ait adifficult
afor afirmsato aachieve athe aoptimal adispersion aof atheir aproductive aactivities ato alocations aaround
athe aglobe.
True False
8. The aWorld aTrade aOrganization, athe aInternational aMonetary aFund aand aits asister
ainstitution atheaWorld aBank, aand athe aUnited aNations awere aall acreated aby avoluntary
aagreement abetween aindividual anation- astates.
True False
, 9. The aInternational aMonetary aFund aand athe aWorld aBank awere aboth acreated ain a1944 aby
a44 anationsathat amet aat aBretton aWoods, aNew aHampshire.
True False
10. The aWTO ais aseen aas athe alender aof alast aresort ato anation-states awhose aeconomies aare
ain aturmoilaand awhose acurrencies aare alosing avalue aagainst athose aof aother anations.
True False
11. The aIMF ais aless acontroversial athan aits asister ainstitution, athe
aWorld aBank.aTrue False
12. In areturn afor aloans, athe aIMF arequires anation-states ato aadopt aspecific aeconomic apolicies
aaimed aatareturning atheir atroubled aeconomies ato astability aand agrowth.
True False
13. Foreign adirect ainvestment a(FDI) aoccurs awhen aa afirm ainvests aresources ain abusiness
aactivitiesaoutside aits ahome acountry.
True False
14. After aWorld aWar aII, athe aadvanced anations aof athe aWest acommitted athemselves ato
aincreasingabarriers ato athe afree aflow aof agoods, aservices, aand acapital abetween anations.
True False
15. The aUruguay aRound, aheld aunder athe aumbrella aof aGATT, aextended aGATT ato acover
aservices aas awellaas amanufactured agoods.
True False
16. The alowering aof atrade aand ainvestment abarriers aallows afirms ato abase aproduction aat
athe aoptimalalocation afor athat aactivity.
True False
17. As aa aresult aof ainternational atrade, athe aeconomies aof athe aworld’s anation-states aare
abecoming alessaintertwined.
True False
18. The aglobalization aof amarkets aand aproduction aand athe aresulting agrowth aof aworld
atrade, aforeignadirect ainvestment, aand aimports aall aimply athat afirms aare afinding ait aeasier ato
aprotect athemselves afrom
the aattack aof aforeign acompetitors.
12th Edition By Charles Hill Chapters 1 - 17
,Chapter One Globalization
PART TWO National Differences
Chapter Two National Differences in Political, Economic, and Legal Systems
Chapter Three National Differences in Economic Development
Chapter Four Differences in Culture
Chapter Five Ethics, Corporate Social Responsibility, and Sustainability
PART THREE The Global Trade and Investment Environment
Chapter Six International Trade Theory
Chapter Seven Government Policy and International Trade
Chapter Eight Foreign Direct Investment
Chapter Nine Regional Economic Integration
PART FOUR The Global Monetary System
Chapter Ten The Foreign Exchange Market
Chapter Eleven The International Monetary System
PART FIVE The Strategy of International Business
Chapter Twelve The Strategy of International Business
Chapter Thirteen Entering Developed and Emerging Markets
PART SIX International Business Functions
Chapter Fourteen Exporting, Importing, and Countertrade
Chapter Fifteen Global Production and Supply Chain Management
Chapter Sixteen Global Marketing and Business Analytics
Chapter Seventeen Global Human Resource Management
,Answers are at the end of each chapter
Chapter 01 Globalization
True / False Questions
1. As a result of globalization, we have been moving toward a world in which national economies
are relatively self-contained entities.
True False
2. By offering the same basic product worldwide, firms help to create a global market.
True False
3. A company has to be the size of a multinational giant to facilitate, and benefit from, the
globalization of markets.
True False
4. As aa aresult aof aglobalization, acompanies ararely aneed ato acustomize amarketing astrategies,
aproductafeatures, aand aoperating apractices ain adifferent acountries.
True False
5. Globalization ahas aresulted ain agreater auniformity areplacing adiversity aacross anational
amarkets.aTrue False
6. As afirms afollow aeach aother aaround athe aworld, athey abring awith athem amany aof athe
aassets athataserved athem awell ain aother anational amarkets. aThus, agreater adiversity areplaces
auniformity.
True False
7. Substantial aimpediments, asuch aas abarriers ato aforeign adirect ainvestment, amake ait adifficult
afor afirmsato aachieve athe aoptimal adispersion aof atheir aproductive aactivities ato alocations aaround
athe aglobe.
True False
8. The aWorld aTrade aOrganization, athe aInternational aMonetary aFund aand aits asister
ainstitution atheaWorld aBank, aand athe aUnited aNations awere aall acreated aby avoluntary
aagreement abetween aindividual anation- astates.
True False
, 9. The aInternational aMonetary aFund aand athe aWorld aBank awere aboth acreated ain a1944 aby
a44 anationsathat amet aat aBretton aWoods, aNew aHampshire.
True False
10. The aWTO ais aseen aas athe alender aof alast aresort ato anation-states awhose aeconomies aare
ain aturmoilaand awhose acurrencies aare alosing avalue aagainst athose aof aother anations.
True False
11. The aIMF ais aless acontroversial athan aits asister ainstitution, athe
aWorld aBank.aTrue False
12. In areturn afor aloans, athe aIMF arequires anation-states ato aadopt aspecific aeconomic apolicies
aaimed aatareturning atheir atroubled aeconomies ato astability aand agrowth.
True False
13. Foreign adirect ainvestment a(FDI) aoccurs awhen aa afirm ainvests aresources ain abusiness
aactivitiesaoutside aits ahome acountry.
True False
14. After aWorld aWar aII, athe aadvanced anations aof athe aWest acommitted athemselves ato
aincreasingabarriers ato athe afree aflow aof agoods, aservices, aand acapital abetween anations.
True False
15. The aUruguay aRound, aheld aunder athe aumbrella aof aGATT, aextended aGATT ato acover
aservices aas awellaas amanufactured agoods.
True False
16. The alowering aof atrade aand ainvestment abarriers aallows afirms ato abase aproduction aat
athe aoptimalalocation afor athat aactivity.
True False
17. As aa aresult aof ainternational atrade, athe aeconomies aof athe aworld’s anation-states aare
abecoming alessaintertwined.
True False
18. The aglobalization aof amarkets aand aproduction aand athe aresulting agrowth aof aworld
atrade, aforeignadirect ainvestment, aand aimports aall aimply athat afirms aare afinding ait aeasier ato
aprotect athemselves afrom
the aattack aof aforeign acompetitors.
