MEDSTUDY.COM
TEST BANK For Global Business Today,
14th Edition By Charles Hill Chapters 1 - 17
M
ED
ST
U
D
Y
,MEDSTUDY.COM
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
M
PART THREE The Global Trade and Investment Environment
Chapter Six International Trade Theory
ED
Chapter Seven Government Policy and International Trade
Chapter Eight Foreign Direct Investment
Chapter Nine Regional Economic Integration
ST
PART FOUR The Global Monetary System
Chapter Ten The Foreign Exchange Market
Chapter Eleven The International Monetary System
U
D
PART FIVE The Strategy of International Business
Chapter Twelve The Strategy of International Business
Y
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
,MEDSTUDY.COM
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.
M
True False
3. A company has to be the size of a multinational giant to facilitate, and benefit from, the
ED
globalization of markets.
True False
4. As a result of globalization, companies rarely need to customize marketing strategies, product
features, and operating practices in different countries.
ST
True False
5. Globalization has resulted in greater uniformity replacing diversity across national markets.
True False
U
6. As firms follow each other around the world, they bring with them many of the assets that
served them well in other national markets. Thus, greater diversity replaces uniformity.
D
True False
Y
7. Substantial gimpediments, gsuch gas gbarriers gto gforeign gdirect ginvestment, gmake git gdifficult
gfor gfirmsgto gachieve gthe goptimal gdispersion gof gtheir gproductive gactivities gto glocations garound
gthe gglobe.
True False
8. The gWorld gTrade gOrganization, gthe gInternational gMonetary gFund gand gits gsister
ginstitution gthegWorld gBank, gand gthe gUnited gNations gwere gall gcreated gby gvoluntary
gagreement gbetween gindividual gnation- gstates.
True False
,MEDSTUDY.COM
9. The gInternational gMonetary gFund gand gthe gWorld gBank gwere gboth gcreated gin g1944 gby
g44 gnationsgthat gmet gat gBretton gWoods, gNew gHampshire.
True False
10. The gWTO gis gseen gas gthe glender gof glast gresort gto gnation-states gwhose geconomies gare
gin gturmoilgand gwhose gcurrencies gare glosing gvalue gagainst gthose gof gother gnations.
True False
11. The gIMF gis gless gcontroversial gthan gits gsister ginstitution, gthe
gWorld gBank.gTrue False
12. In greturn gfor gloans, gthe gIMF grequires gnation-states gto gadopt gspecific geconomic gpolicies
M
gaimed gatgreturning gtheir gtroubled geconomies gto gstability gand ggrowth.
True False
ED
13. Foreign gdirect ginvestment g(FDI) goccurs gwhen ga gfirm ginvests gresources gin gbusiness
gactivitiesgoutside gits ghome gcountry.
True False
ST
14. After gWorld gWar gII, gthe gadvanced gnations gof gthe gWest gcommitted gthemselves gto
gincreasinggbarriers gto gthe gfree gflow gof ggoods, gservices, gand gcapital gbetween gnations.
True False
U
15. The gUruguay gRound, gheld gunder gthe gumbrella gof gGATT, gextended gGATT gto gcover
gservices gas gwellgas gmanufactured ggoods.
D
True False
16. The glowering gof gtrade gand ginvestment gbarriers gallows gfirms gto gbase gproduction gat
Y
gthe goptimalglocation gfor gthat gactivity.
True False
17. As ga gresult gof ginternational gtrade, gthe geconomies gof gthe gworld’s gnation-states gare
gbecoming glessgintertwined.
True False
18. The gglobalization gof gmarkets gand gproduction gand gthe gresulting ggrowth gof gworld
gtrade, gforeigngdirect ginvestment, gand gimports gall gimply gthat gfirms gare gfinding git geasier gto
gprotect gthemselves gfrom
the gattack gof gforeign gcompetitors.
TEST BANK For Global Business Today,
14th Edition By Charles Hill Chapters 1 - 17
M
ED
ST
U
D
Y
,MEDSTUDY.COM
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
M
PART THREE The Global Trade and Investment Environment
Chapter Six International Trade Theory
ED
Chapter Seven Government Policy and International Trade
Chapter Eight Foreign Direct Investment
Chapter Nine Regional Economic Integration
ST
PART FOUR The Global Monetary System
Chapter Ten The Foreign Exchange Market
Chapter Eleven The International Monetary System
U
D
PART FIVE The Strategy of International Business
Chapter Twelve The Strategy of International Business
Y
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
,MEDSTUDY.COM
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.
M
True False
3. A company has to be the size of a multinational giant to facilitate, and benefit from, the
ED
globalization of markets.
True False
4. As a result of globalization, companies rarely need to customize marketing strategies, product
features, and operating practices in different countries.
ST
True False
5. Globalization has resulted in greater uniformity replacing diversity across national markets.
True False
U
6. As firms follow each other around the world, they bring with them many of the assets that
served them well in other national markets. Thus, greater diversity replaces uniformity.
D
True False
Y
7. Substantial gimpediments, gsuch gas gbarriers gto gforeign gdirect ginvestment, gmake git gdifficult
gfor gfirmsgto gachieve gthe goptimal gdispersion gof gtheir gproductive gactivities gto glocations garound
gthe gglobe.
True False
8. The gWorld gTrade gOrganization, gthe gInternational gMonetary gFund gand gits gsister
ginstitution gthegWorld gBank, gand gthe gUnited gNations gwere gall gcreated gby gvoluntary
gagreement gbetween gindividual gnation- gstates.
True False
,MEDSTUDY.COM
9. The gInternational gMonetary gFund gand gthe gWorld gBank gwere gboth gcreated gin g1944 gby
g44 gnationsgthat gmet gat gBretton gWoods, gNew gHampshire.
True False
10. The gWTO gis gseen gas gthe glender gof glast gresort gto gnation-states gwhose geconomies gare
gin gturmoilgand gwhose gcurrencies gare glosing gvalue gagainst gthose gof gother gnations.
True False
11. The gIMF gis gless gcontroversial gthan gits gsister ginstitution, gthe
gWorld gBank.gTrue False
12. In greturn gfor gloans, gthe gIMF grequires gnation-states gto gadopt gspecific geconomic gpolicies
M
gaimed gatgreturning gtheir gtroubled geconomies gto gstability gand ggrowth.
True False
ED
13. Foreign gdirect ginvestment g(FDI) goccurs gwhen ga gfirm ginvests gresources gin gbusiness
gactivitiesgoutside gits ghome gcountry.
True False
ST
14. After gWorld gWar gII, gthe gadvanced gnations gof gthe gWest gcommitted gthemselves gto
gincreasinggbarriers gto gthe gfree gflow gof ggoods, gservices, gand gcapital gbetween gnations.
True False
U
15. The gUruguay gRound, gheld gunder gthe gumbrella gof gGATT, gextended gGATT gto gcover
gservices gas gwellgas gmanufactured ggoods.
D
True False
16. The glowering gof gtrade gand ginvestment gbarriers gallows gfirms gto gbase gproduction gat
Y
gthe goptimalglocation gfor gthat gactivity.
True False
17. As ga gresult gof ginternational gtrade, gthe geconomies gof gthe gworld’s gnation-states gare
gbecoming glessgintertwined.
True False
18. The gglobalization gof gmarkets gand gproduction gand gthe gresulting ggrowth gof gworld
gtrade, gforeigngdirect ginvestment, gand gimports gall gimply gthat gfirms gare gfinding git geasier gto
gprotect gthemselves gfrom
the gattack gof gforeign gcompetitors.
