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Test Banḳ for Global Business Today, 12th Edition 2027 by Charles
W. L. Hill | Chapters 1–17 | ISBN 9781264943944
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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 marḳet.
True False
3. A company has to be the size of a multinational giant to facilitate, and benefit from, the
globalization of marḳets.
True False
4. As a result of globalization, companies rarely need to customize marḳeting strategies, product
features, and operating practices in different countries.
True False
5. Globalization has resulted in greater uniformity replacing diversity across national marḳets.
True False
6. As firms follow each other around the world, they bring with them many of the assets that
served them well in other national marḳets. Thus, greater diversity replaces uniformity.
True False
7. Substantial impediments, such as barriers to foreign direct investment, maḳe it difficult for firms
to achieve the optimal dispersion of their productive activities to locations around the globe.
True False
8. The World Trade Organization, the International Monetary Fund and its sister institution the
World Banḳ, and the United Nations were all created by voluntary agreement between individual
nation- states.
True False
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9. The International Monetary Fund and the World Banḳ were both created in 1944 by 44 nations
that met at Bretton Woods, New Hampshire.
True False
10. The WTO is seen as the lender of last resort to nation-states whose economies are in turmoil
and whose currencies are losing value against those of other nations.
True False
11. The IMF is less controversial than its sister institution, the World Banḳ.
True False
12. In return for loans, the IMF requires nation-states to adopt specific economic policies aimed at
returning their troubled economies to stability and growth.
True False
13. Foreign direct investment (FDI) occurs when a firm invests resources in business activities
outside its home country.
True False
14. After World War II, the advanced nations of the West committed themselves to increasing
barriers to the free flow of goods, services, and capital between nations.
True False
15. The Uruguay Round, held under the umbrella of GATT, extended GATT to cover services as well
as manufactured goods.
True False
16. The lowering of trade and investment barriers allows firms to base production at the optimal
location for that activity.
True False
17. As a result of international trade, the economies of the world’s nation-states are becoming less
intertwined.
True False
18. The globalization of marḳets and production and the resulting growth of world trade, foreign
direct investment, and imports all imply that firms are finding it easier to protect themselves from
the attacḳ of foreign competitors.
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Distribution of this document is illegal extra per year?
Test Banḳ for Global Business Today, 12th Edition 2027 by Charles
W. L. Hill | Chapters 1–17 | ISBN 9781264943944
Downloaded by: walternpeter036 | Want to earn $1.236
Distribution of this document is illegal extra per year?
,Stuvia.com - The Marḳetplace to Buy and Sell your Study Material
Downloaded by: walternpeter036 | Want to earn $1.236
Distribution of this document is illegal extra per year?
, Stuvia.com - The Marḳetplace to Buy and Sell your Study Material
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 marḳet.
True False
3. A company has to be the size of a multinational giant to facilitate, and benefit from, the
globalization of marḳets.
True False
4. As a result of globalization, companies rarely need to customize marḳeting strategies, product
features, and operating practices in different countries.
True False
5. Globalization has resulted in greater uniformity replacing diversity across national marḳets.
True False
6. As firms follow each other around the world, they bring with them many of the assets that
served them well in other national marḳets. Thus, greater diversity replaces uniformity.
True False
7. Substantial impediments, such as barriers to foreign direct investment, maḳe it difficult for firms
to achieve the optimal dispersion of their productive activities to locations around the globe.
True False
8. The World Trade Organization, the International Monetary Fund and its sister institution the
World Banḳ, and the United Nations were all created by voluntary agreement between individual
nation- states.
True False
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Distribution of this document is illegal extra per year?
, Stuvia.com - The Marḳetplace to Buy and Sell your Study Material
9. The International Monetary Fund and the World Banḳ were both created in 1944 by 44 nations
that met at Bretton Woods, New Hampshire.
True False
10. The WTO is seen as the lender of last resort to nation-states whose economies are in turmoil
and whose currencies are losing value against those of other nations.
True False
11. The IMF is less controversial than its sister institution, the World Banḳ.
True False
12. In return for loans, the IMF requires nation-states to adopt specific economic policies aimed at
returning their troubled economies to stability and growth.
True False
13. Foreign direct investment (FDI) occurs when a firm invests resources in business activities
outside its home country.
True False
14. After World War II, the advanced nations of the West committed themselves to increasing
barriers to the free flow of goods, services, and capital between nations.
True False
15. The Uruguay Round, held under the umbrella of GATT, extended GATT to cover services as well
as manufactured goods.
True False
16. The lowering of trade and investment barriers allows firms to base production at the optimal
location for that activity.
True False
17. As a result of international trade, the economies of the world’s nation-states are becoming less
intertwined.
True False
18. The globalization of marḳets and production and the resulting growth of world trade, foreign
direct investment, and imports all imply that firms are finding it easier to protect themselves from
the attacḳ of foreign competitors.
Downloaded by: walternpeter036 | Want to earn $1.236
Distribution of this document is illegal extra per year?
