TEST BANK For Global Business Today,
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12th Edition By Charles Hill Chapters 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 Syste
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ms 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 C
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hapter Eight Foreign Direct Investment
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Chapter Nine Regional Economic Integration
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PART FOUR The Global Monetary System Ch
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apter Ten The Foreign Exchange Market
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Chapter Eleven The International Monetary System
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PART FIVE The Strategy of International Business C
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hapter 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 Ch
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apter Fifteen Global Production and Supply Chain Manageme
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nt Chapter Sixteen Global Marketing and Business Analytics
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Chapter Seventeen Global Human Resource Management
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,Answers are at the end of each chapter
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Chapter 01 Globalization T
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rue / False Questions
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1. As a result of globalization, we have been moving toward a world in which national e
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conomies are relatively self-contained entities.
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True False
2. By offering the same basic product worldwide, firms help to create a global
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market. True @1 False
3. A company has to be the size of a multinational giant to facilitate, and benefit
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from, the globalization of markets.
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True False
4. As a result of globalization, companies rarely need to customize marketing strategies,
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product features, and operating practices in different countries.
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True False
5. Globalization has resulted in greater uniformity replacing diversity across national m
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arkets. True @1 False
6. As firms follow each other around the world, they bring with them many of the a
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ssets that served them well in other national markets. Thus, greater diversity replaces un
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iformity.
True False
7. Substantial impediments, such as barriers to foreign direct investment, make it difficult f
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or firms to achieve the optimal dispersion of their productive activities to locations around the
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globe.
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True False
8. The World Trade Organization, the International Monetary Fund and its sister institut
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ion the World Bank, and the United Nations were all created by voluntary agreement bet
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ween individual nation- states.
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True False
, 9. The International Monetary Fund and the World Bank were both created in 1944 by 4
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4 nations that met at Bretton Woods, New Hampshire.
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True False
10. The PWTO Pis Pseen Pas Pthe Plender Pof Plast Presort Pto Pnation-
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states Pwhose Peconomies Pare Pin PturmoilPand Pwhose Pcurrencies Pare Plosing Pvalue Pag
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ainst Pthose Pof Pother Pnations.
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True False
11. The PIMF Pis Pless Pcontroversial Pthan Pits Psister Pinstitution,
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Pthe@
@1 False
12. In Preturn Pfor Ploans, Pthe PIMF Prequires Pnation-
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states Pto Padopt Pspecific Peconomic Ppolicies Paimed PatPreturning Ptheir Ptroubled Peconomies
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Pto Pstability Pand Pgrowth.
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True False
13. Foreign Pdirect Pinvestment P(FDI) Poccurs Pwhen Pa Pfirm Pinvests Presources Pin Pbu
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siness PactivitiesPoutside Pits Phome Pcountry.
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True False
14. After PWorld PWar PII, Pthe Padvanced Pnations Pof Pthe PWest Pcommitted Pthemsel
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ves Pto PincreasingPbarriers Pto Pthe Pfree Pflow Pof Pgoods, Pservices, Pand Pcapital Pbetwe
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en Pnations.
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True False
15. The PUruguay PRound, Pheld Punder Pthe Pumbrella Pof PGATT, Pextended PGATT Pto
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Pcover Pservices Pas PwellPas Pmanufactured Pgoods.
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True False
16. The Plowering Pof Ptrade Pand Pinvestment Pbarriers Pallows Pfirms Pto Pbase Pproducti
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on Pat Pthe PoptimalPlocation Pfor Pthat Pactivity.
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True False
17. As Pa Presult Pof Pinternational Ptrade, Pthe Peconomies Pof Pthe Pworld’s Pnation-
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states Pare Pbecoming PlessPintertwined.
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True False
18. The Pglobalization Pof Pmarkets Pand Pproduction Pand Pthe Presulting Pgrowth Pof
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Pworld Ptrade, PforeignPdirect Pinvestment, Pand Pimports Pall Pimply Pthat Pfirms Pare Pfinding
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Pit Peasier Pto Pprotect Pthemselves Pfrom
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the Pattack Pof Pforeign Pcompetitors.
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12th Edition By Charles Hill Chapters 1 - 17
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,Chapter One Globalization
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PART TWO National Differences
@1 @1 @1
Chapter Two National Differences in Political, Economic, and Legal Syste
@1 @1 @1 @1 @1 @1 @1 @1 @1
ms Chapter Three National Differences in Economic Development
@1 @1 @1 @1 @1 @1 @1
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 C
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hapter Eight Foreign Direct Investment
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Chapter Nine Regional Economic Integration
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PART FOUR The Global Monetary System Ch
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apter Ten The Foreign Exchange Market
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Chapter Eleven The International Monetary System
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PART FIVE The Strategy of International Business C
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hapter 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 Ch
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apter Fifteen Global Production and Supply Chain Manageme
@1 @1 @1 @1 @1 @1 @1
nt Chapter Sixteen Global Marketing and Business Analytics
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Chapter Seventeen Global Human Resource Management
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,Answers are at the end of each chapter
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Chapter 01 Globalization T
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rue / False Questions
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1. As a result of globalization, we have been moving toward a world in which national e
@1 @1 @1 @1 @1 @1 @1 @1 @1 @1 @1 @1 @1 @1 @1
conomies are relatively self-contained entities.
@1 @1 @1 @1
True False
2. By offering the same basic product worldwide, firms help to create a global
@1 @1 @1 @1 @1 @1 @1 @1 @1 @1 @1 @1 @1
market. True @1 False
3. A company has to be the size of a multinational giant to facilitate, and benefit
@1 @1 @1 @1 @1 @1 @1 @1 @1 @1 @1 @1 @1 @1 @1
from, the globalization of markets.
@1 @1 @1 @1
True False
4. As a result of globalization, companies rarely need to customize marketing strategies,
@1 @1 @1 @1 @1 @1 @1 @1 @1 @1 @1 @1
product features, and operating practices in different countries.
@1 @1 @1 @1 @1 @1 @1
True False
5. Globalization has resulted in greater uniformity replacing diversity across national m
@1 @1 @1 @1 @1 @1 @1 @1 @1 @1
arkets. True @1 False
6. As firms follow each other around the world, they bring with them many of the a
@1 @1 @1 @1 @1 @1 @1 @1 @1 @1 @1 @1 @1 @1 @1
ssets that served them well in other national markets. Thus, greater diversity replaces un
@1 @1 @1 @1 @1 @1 @1 @1 @1 @1 @1 @1 @1
iformity.
True False
7. Substantial impediments, such as barriers to foreign direct investment, make it difficult f
@1 @1 @1 @1 @1 @1 @1 @1 @1 @1 @1 @1
or firms to achieve the optimal dispersion of their productive activities to locations around the
@1 @1 @1 @1 @1 @1 @1 @1 @1 @1 @1 @1 @1 @1
globe.
@1
True False
8. The World Trade Organization, the International Monetary Fund and its sister institut
@1 @1 @1 @1 @1 @1 @1 @1 @1 @1 @1
ion the World Bank, and the United Nations were all created by voluntary agreement bet
@1 @1 @1 @1 @1 @1 @1 @1 @1 @1 @1 @1 @1 @1
ween individual nation- states.
@1 @1 @1
True False
, 9. The International Monetary Fund and the World Bank were both created in 1944 by 4
@1 @1 @1 @1 @1 @1 @1 @1 @1 @1 @1 @1 @1 @1
4 nations that met at Bretton Woods, New Hampshire.
@1 @1 @1 @1 @1 @1 @1 @1
True False
10. The PWTO Pis Pseen Pas Pthe Plender Pof Plast Presort Pto Pnation-
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states Pwhose Peconomies Pare Pin PturmoilPand Pwhose Pcurrencies Pare Plosing Pvalue Pag
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ainst Pthose Pof Pother Pnations.
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True False
11. The PIMF Pis Pless Pcontroversial Pthan Pits Psister Pinstitution,
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Pthe@
@1 False
12. In Preturn Pfor Ploans, Pthe PIMF Prequires Pnation-
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states Pto Padopt Pspecific Peconomic Ppolicies Paimed PatPreturning Ptheir Ptroubled Peconomies
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Pto Pstability Pand Pgrowth.
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True False
13. Foreign Pdirect Pinvestment P(FDI) Poccurs Pwhen Pa Pfirm Pinvests Presources Pin Pbu
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siness PactivitiesPoutside Pits Phome Pcountry.
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True False
14. After PWorld PWar PII, Pthe Padvanced Pnations Pof Pthe PWest Pcommitted Pthemsel
@1 @1 @1 @1 @1 @1 @1 @1 @1 @1 @1
ves Pto PincreasingPbarriers Pto Pthe Pfree Pflow Pof Pgoods, Pservices, Pand Pcapital Pbetwe
@1 @1 @1 @1 @1 @1 @1 @1 @1 @1 @1 @1
en Pnations.
@1
True False
15. The PUruguay PRound, Pheld Punder Pthe Pumbrella Pof PGATT, Pextended PGATT Pto
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Pcover Pservices Pas PwellPas Pmanufactured Pgoods.
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True False
16. The Plowering Pof Ptrade Pand Pinvestment Pbarriers Pallows Pfirms Pto Pbase Pproducti
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on Pat Pthe PoptimalPlocation Pfor Pthat Pactivity.
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True False
17. As Pa Presult Pof Pinternational Ptrade, Pthe Peconomies Pof Pthe Pworld’s Pnation-
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states Pare Pbecoming PlessPintertwined.
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True False
18. The Pglobalization Pof Pmarkets Pand Pproduction Pand Pthe Presulting Pgrowth Pof
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Pworld Ptrade, PforeignPdirect Pinvestment, Pand Pimports Pall Pimply Pthat Pfirms Pare Pfinding
@1 @1 @1 @1 @1 @1 @1 @1 @1 @1 @1
Pit Peasier Pto Pprotect Pthemselves Pfrom
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the Pattack Pof Pforeign Pcompetitors.
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