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