TEST BANK For Global Business Today, 12th Edition By Charles Hill, Verified Chapters 1 - 17, Complete Newest Version

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 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 C
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hapter Six International Trade Theory
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Chapter Seven Government Policy and International Trade Chap
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ter Eight Foreign Direct Investment
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Chapter Nine Regional Economic Integration
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PART FOUR The Global Monetary System Chap
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ter 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 Cha
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pter 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 Chap
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ter Fifteen Global Production and Supply Chain Management Ch
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apter 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 Tr
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ue / False Questions
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1. As a result of globalization, we have been moving toward a world in which national econo
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mies 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 mark
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et. True False
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3. A company has to be the size of a multinational giant to facilitate, and benefit from,
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the globalization of markets.
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True False

4. As a result of globalization, companies rarely need to customize marketing strategies, prod
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uct features, and operating practices in different countries.
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True False

5. Globalization has resulted in greater uniformity replacing diversity across national marke
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ts. True False
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6. As firms follow each other around the world, they bring with them many of the assets t
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hat served them well in other national markets. Thus, greater diversity replaces uniformity.
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True False

7. Substantial impediments, such as barriers to foreign direct investment, make it difficult for fir
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ms to achieve the optimal dispersion of their productive activities to locations around the globe.
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True False

8. The World Trade Organization, the International Monetary Fund and its sister institution
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the World Bank, and the United Nations were all created by voluntary agreement between indiv
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idual nation- states.
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True False

, 9. The International Monetary Fund and the World Bank were both created in 1944 by 44 nati
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ons 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 Pagainst
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Pthose Pof Pother Pnations.
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True False

11. The PIMF Pis Pless Pcontroversial Pthan Pits Psister Pinstitution, Pth
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e PWorld PBank.PTrue False
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12. In Preturn Pfor Ploans, Pthe PIMF Prequires Pnation-
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states Pto Padopt Pspecific Peconomic Ppolicies Paimed PatPreturning Ptheir Ptroubled Peconomies Pto
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Pstability Pand Pgrowth. pc pc




True False

13. Foreign Pdirect Pinvestment P(FDI) Poccurs Pwhen Pa Pfirm Pinvests Presources Pin Pbusine
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ss PactivitiesPoutside Pits Phome Pcountry.
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True False

14. After PWorld PWar PII, Pthe Padvanced Pnations Pof Pthe PWest Pcommitted Pthemselves P
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to PincreasingPbarriers Pto Pthe Pfree Pflow Pof Pgoods, Pservices, Pand Pcapital Pbetween Pnatio
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ns.

True False

15. The PUruguay PRound, Pheld Punder Pthe Pumbrella Pof PGATT, Pextended PGATT Pto Pcov
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er Pservices Pas PwellPas Pmanufactured Pgoods.
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True False

16. The Plowering Pof Ptrade Pand Pinvestment Pbarriers Pallows Pfirms Pto Pbase Pproduction P
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at 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 Pwo
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rld Ptrade, PforeignPdirect Pinvestment, Pand Pimports Pall Pimply Pthat Pfirms Pare Pfinding Pit Peasi
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er Pto Pprotect Pthemselves Pfrom
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the Pattack Pof Pforeign Pcompetitors.
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