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International Business,
1e Morris, Oldroyd
(All Chapters)
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Chapter 01: Globalization
Multiple Choice
1. Borivia is a country in Eastern Europe that was ruled by Auleria, a country in Western
Europe, for over a century. It gained independence from Auleria in 1923. Now, Borivia
has its own government. Given this information, it can be said that Borivia is a(n) _____.
A. monopoly
B. monarchy
C. sovereign nation
D. emerging market
Answer: C
Learning Objective: 1.1
Difficulty: Medium
AACSB: Analytic
Bloom’s Taxonomy: Application
2. Dasom Inc., a South Korean smartphone manufacturer, sells its smartphones in 64
countries around the world and has offices in 36 counties. Dasom’s business expansion
best exemplifies _____.
A. globalization
B. nationalization
C. subsidization
D. commodification
Answer: A
Learning Objective: 1.1
Difficulty: Medium
AACSB: Analytic
Bloom’s Taxonomy: Application
3. In 1995, the government of Duyat, a country in Asia, began major economic reforms that
allowed free trade relations with other countries. Duyat started exporting iron ore and
limestone to other countries around the world. Its domestic market strengthened, and it
experienced an economic boost. This scenario best exemplifies _____.
A. nationalization
B. subsidization
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C. commodification
D. globalization
Answer: D
Learning Objective: 1.1
Difficulty: Medium
AACSB: Analytic
Bloom’s Taxonomy: Application
4. The Commerce Coalition (CC) is an intergovernmental organization operating in South
Asia that consists of seven member nations. The CC was established to enable free trade
across these seven countries of South Asia. A citizen of any of the member nations can
easily purchase goods produced in another member nation without paying additional
taxes. Given this information, it can be said that the large market created by the CC is an
example of a(n) _____.
A. monopolistic market
B. globalized market
C. oligopolistic market
D. gray market
Answer: B
Learning Objective: 1.1
Difficulty: Medium
AACSB: Analytic
Bloom’s Taxonomy: Application
5. Spain and Italy are both members of the European Union. Nayeli, a Spaniard, is able to
purchase Italian-made bags from a handbag store in Spain without paying additional
taxes. The market created by the European Union is a(n) _____.
A. monopolistic market
B. oligopolistic market
C. gray market
D. globalized market
Answer: D
Learning Objective: 1.1
Difficulty: Medium
AACSB: Analytic
Bloom’s Taxonomy: Application
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6. Which of the following is true of globalization?
A. It makes it difficult to buy and sell internationally.
B. It increases socioeconomic equality in emerging markets.
C. It makes it difficult for employers to move jobs to cheaper locations.
D. It builds on the principle of sovereignty to strengthen the relationships that connect
us.
Answer: D
Learning Objective: 1.1
Difficulty: Easy
AACSB: Reflective Thinking
Bloom’s Taxonomy: Comprehension
7. Which of the following best illustrates global convergence?
A. Sylvester Inc., an American car-manufacturing company, uses the Japanese business
philosophy of kaizen.
B. Hexagon Corp., a steel company in the United States, has many plants in different
parts of the country.
C. Hawke Inc., an American computer manufacturer, imports raw materials from
Nigeria, and in return it invests in Nigeria’s infrastructure development.
D. Micra Inc., an Indian mining company, engages in corporate social responsibility by
providing training services to local schools.
Answer: C
Learning Objective: 1.1
Difficulty: Medium
AACSB: Analytic
Bloom’s Taxonomy: Application
8. When the demand for smartphones increased in Preteresia, a country in Eastern Europe,
the smartphone manufacturers started importing silicon, a raw material used in the
manufacture of smartphones, from Abresia, a country in Africa. In return, Preteresia
helped build Abresia’s infrastructure to facilitate the efficient extraction of silicon. This
scenario best illustrates _____.
A. monopolization
B. centralization
C. market segmentation
D. global convergence
Answer: D
Learning Objective: 1.1
Difficulty: Medium
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International Business,
1e Morris, Oldroyd
(All Chapters)
Downloaded by: tutorsection | Want to earn $1.236
Distribution of this document is illegal extra per year?
,Morris_International Business, 1st Edition
Test Bank
Chapter 01: Globalization
Multiple Choice
1. Borivia is a country in Eastern Europe that was ruled by Auleria, a country in Western
Europe, for over a century. It gained independence from Auleria in 1923. Now, Borivia
has its own government. Given this information, it can be said that Borivia is a(n) _____.
A. monopoly
B. monarchy
C. sovereign nation
D. emerging market
Answer: C
Learning Objective: 1.1
Difficulty: Medium
AACSB: Analytic
Bloom’s Taxonomy: Application
2. Dasom Inc., a South Korean smartphone manufacturer, sells its smartphones in 64
countries around the world and has offices in 36 counties. Dasom’s business expansion
best exemplifies _____.
A. globalization
B. nationalization
C. subsidization
D. commodification
Answer: A
Learning Objective: 1.1
Difficulty: Medium
AACSB: Analytic
Bloom’s Taxonomy: Application
3. In 1995, the government of Duyat, a country in Asia, began major economic reforms that
allowed free trade relations with other countries. Duyat started exporting iron ore and
limestone to other countries around the world. Its domestic market strengthened, and it
experienced an economic boost. This scenario best exemplifies _____.
A. nationalization
B. subsidization
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C. commodification
D. globalization
Answer: D
Learning Objective: 1.1
Difficulty: Medium
AACSB: Analytic
Bloom’s Taxonomy: Application
4. The Commerce Coalition (CC) is an intergovernmental organization operating in South
Asia that consists of seven member nations. The CC was established to enable free trade
across these seven countries of South Asia. A citizen of any of the member nations can
easily purchase goods produced in another member nation without paying additional
taxes. Given this information, it can be said that the large market created by the CC is an
example of a(n) _____.
A. monopolistic market
B. globalized market
C. oligopolistic market
D. gray market
Answer: B
Learning Objective: 1.1
Difficulty: Medium
AACSB: Analytic
Bloom’s Taxonomy: Application
5. Spain and Italy are both members of the European Union. Nayeli, a Spaniard, is able to
purchase Italian-made bags from a handbag store in Spain without paying additional
taxes. The market created by the European Union is a(n) _____.
A. monopolistic market
B. oligopolistic market
C. gray market
D. globalized market
Answer: D
Learning Objective: 1.1
Difficulty: Medium
AACSB: Analytic
Bloom’s Taxonomy: Application
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Test Bank
6. Which of the following is true of globalization?
A. It makes it difficult to buy and sell internationally.
B. It increases socioeconomic equality in emerging markets.
C. It makes it difficult for employers to move jobs to cheaper locations.
D. It builds on the principle of sovereignty to strengthen the relationships that connect
us.
Answer: D
Learning Objective: 1.1
Difficulty: Easy
AACSB: Reflective Thinking
Bloom’s Taxonomy: Comprehension
7. Which of the following best illustrates global convergence?
A. Sylvester Inc., an American car-manufacturing company, uses the Japanese business
philosophy of kaizen.
B. Hexagon Corp., a steel company in the United States, has many plants in different
parts of the country.
C. Hawke Inc., an American computer manufacturer, imports raw materials from
Nigeria, and in return it invests in Nigeria’s infrastructure development.
D. Micra Inc., an Indian mining company, engages in corporate social responsibility by
providing training services to local schools.
Answer: C
Learning Objective: 1.1
Difficulty: Medium
AACSB: Analytic
Bloom’s Taxonomy: Application
8. When the demand for smartphones increased in Preteresia, a country in Eastern Europe,
the smartphone manufacturers started importing silicon, a raw material used in the
manufacture of smartphones, from Abresia, a country in Africa. In return, Preteresia
helped build Abresia’s infrastructure to facilitate the efficient extraction of silicon. This
scenario best illustrates _____.
A. monopolization
B. centralization
C. market segmentation
D. global convergence
Answer: D
Learning Objective: 1.1
Difficulty: Medium
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