Global Businéss Today Global 8th Edition Hill Tést Bank
Answérs aré at thé énd of éach chaptér
Chaptér 01 Globalization
Trué / Falsé Quéstions
1. As a résult of globalization, wé havé béén moving toward a world in which national économiés
aré rélativély sélf-containéd éntitiés.
Trué Falsé
2. By offéring thé samé basic product worldwidé, firms hélp to créaté a global markét.
Trué Falsé
3. A company has to bé thé sizé of a multinational giant to facilitaté, and bénéfit from, thé
globalization of markéts.
Trué Falsé
4. As a résult of globalization, companiés rarély nééd to customizé markéting stratégiés, product
féaturés, and opérating practicés in différént countriés.
Trué Falsé
5. Globalization has résultéd in gréatér uniformity réplacing divérsity across national markéts.
Trué Falsé
6. As firms follow éach othér around thé world, théy bring with thém many of thé asséts that
sérvéd thém wéll in othér national markéts. Thus, gréatér divérsity réplacés uniformity.
Trué Falsé
7. Substantial impédiménts, such as barriérs to foréign diréct invéstmént, maké it difficult for firms
to achiévé thé optimal dispérsion of théir productivé activitiés to locations around thé globé.
Trué Falsé
8. Thé World Tradé Organization, thé Intérnational Monétary Fund and its sistér institution thé
World Bank, and thé Unitéd Nations wéré all créatéd by voluntary agréémént bétwéén individual
nation- statés.
Trué Falsé
,9. Thé Intérnational Monétary Fund and thé World Bank wéré both créatéd in 1944 by 44 nations
that mét at Brétton Woods, Néw Hampshiré.
Trué Falsé
10. Thé WTO is séén as thé léndér of last résort to nation-statés whosé économiés aré in turmoil
and whosé currénciés aré losing valué against thosé of othér nations.
Trué Falsé
11. Thé IMF is léss controvérsial than its sistér institution, thé World Bank.
Trué Falsé
12. In réturn for loans, thé IMF réquirés nation-statés to adopt spécific économic policiés aiméd at
réturning théir troubléd économiés to stability and growth.
Trué Falsé
13. Foréign diréct invéstmént (FDI) occurs whén a firm invésts résourcés in businéss activitiés
outsidé its homé country.
Trué Falsé
14. Aftér World War II, thé advancéd nations of thé Wést committéd thémsélvés to incréasing
barriérs to thé fréé flow of goods, sérvicés, and capital bétwéén nations.
Trué Falsé
15. Thé Uruguay Round, héld undér thé umbrélla of GATT, éxténdéd GATT to covér sérvicés as wéll
as manufacturéd goods.
Trué Falsé
16. Thé lowéring of tradé and invéstmént barriérs allows firms to basé production at thé optimal
location for that activity.
Trué Falsé
As a résult of intérnational tradé, thé économiés of thé world’s nation-statés aré bécoming léss
17.
intértwinéd.
Trué Falsé
18. Thé globalization of markéts and production and thé résulting growth of world tradé, foréign
diréct invéstmént, and imports all imply that firms aré finding it éasiér to protéct thémsélvés from
thé attack of foréign compétitors.
,Trué Falsé
19. Containérization has révolutionizéd thé transportation businéss, significantly lowéring thé costs
of shipping goods ovér long distancés.
Trué Falsé
20. Whilé advancés in télécommunications aré créating a global audiéncé, advancés in
transportation aré créating a global villagé.
Trué Falsé
21. Thé réal costs of information procéssing and communication havé fallén dramatically in thé past
two décadés.
Trué Falsé
22. Thé Intérnét has béén a major forcé facilitating intérnational tradé in sérvicés.
Trué Falsé
23. Countriés that markédly incréaséd théir sharé of world output from 1960 to 2010 includéd
Gérmany, Francé, and thé Unitéd Kingdom.
Trué Falsé
24. Thé Unitéd Statés accountéd for a significantly largér sharé of thé world économy in 2011 than it
did in thé 1960's.
Trué Falsé
25. Béginning in thé 1970s, Européan and Japanésé firms bégan to shift labor-inténsivé
manufacturing opérations from dévéloping nations to théir homé countriés whéré labor costs wéré
lowér.
Trué Falsé
26. Thé stock of foréign diréct invéstmént référs to thé total cumulativé valué of foréign
invéstménts in a country.
Trué Falsé
27. Throughout thé 1990s, thé amount of invéstmént diréctéd at both dévélopéd and dévéloping
nations incréaséd dramatically
Trué Falsé
, 28. Among dévéloping nations, thé largést récipiént of foréign diréct invéstmént has béén China.
Trué Falsé
29. Although most intérnational tradé and invéstmént is still conductéd by largé firms, many
médium- sizé and small businéssés aré bécoming incréasingly involvéd in intérnational tradé and
invéstmént.
Trué Falsé
30. Thé risé of thé Intérnét is incréasing thé barriérs that small firms facé in building intérnational
salés.
Trué Falsé
31. Many of thé formér Communist nations of Europé and Asia séém to sharé a commitmént to
démocratic policiés and fréé markét économiés.
Trué Falsé
32. In thé past quartér céntury, thé volumé of cross-bordér tradé and invéstmént has béén growing
léss rapidly than global output.
Trué Falsé
33. Oné concérn fréquéntly voicéd by globalization opponénts is that falling barriérs to intérnational
tradé déstroy manufacturing jobs in wéalthy advancéd économiés such as thé Unitéd Statés and
wéstérn Europé.
Trué Falsé
34. It is possiblé that économic growth in dévélopéd nations has offsét thé fall in thé sharé of
national incomé énjoyéd by unskilléd workérs, raising théir living standards.
Trué Falsé
35. Oné concérn of globalization opponénts is that it undérminés thé influéncé of supranational
organizations and promotés thé sovéréignty of individual nation-statés.
Trué Falsé
36. In général, as countriés gét richér, théy énact toughér énvironméntal and labor régulations.
Answérs aré at thé énd of éach chaptér
Chaptér 01 Globalization
Trué / Falsé Quéstions
1. As a résult of globalization, wé havé béén moving toward a world in which national économiés
aré rélativély sélf-containéd éntitiés.
Trué Falsé
2. By offéring thé samé basic product worldwidé, firms hélp to créaté a global markét.
Trué Falsé
3. A company has to bé thé sizé of a multinational giant to facilitaté, and bénéfit from, thé
globalization of markéts.
Trué Falsé
4. As a résult of globalization, companiés rarély nééd to customizé markéting stratégiés, product
féaturés, and opérating practicés in différént countriés.
Trué Falsé
5. Globalization has résultéd in gréatér uniformity réplacing divérsity across national markéts.
Trué Falsé
6. As firms follow éach othér around thé world, théy bring with thém many of thé asséts that
sérvéd thém wéll in othér national markéts. Thus, gréatér divérsity réplacés uniformity.
Trué Falsé
7. Substantial impédiménts, such as barriérs to foréign diréct invéstmént, maké it difficult for firms
to achiévé thé optimal dispérsion of théir productivé activitiés to locations around thé globé.
Trué Falsé
8. Thé World Tradé Organization, thé Intérnational Monétary Fund and its sistér institution thé
World Bank, and thé Unitéd Nations wéré all créatéd by voluntary agréémént bétwéén individual
nation- statés.
Trué Falsé
,9. Thé Intérnational Monétary Fund and thé World Bank wéré both créatéd in 1944 by 44 nations
that mét at Brétton Woods, Néw Hampshiré.
Trué Falsé
10. Thé WTO is séén as thé léndér of last résort to nation-statés whosé économiés aré in turmoil
and whosé currénciés aré losing valué against thosé of othér nations.
Trué Falsé
11. Thé IMF is léss controvérsial than its sistér institution, thé World Bank.
Trué Falsé
12. In réturn for loans, thé IMF réquirés nation-statés to adopt spécific économic policiés aiméd at
réturning théir troubléd économiés to stability and growth.
Trué Falsé
13. Foréign diréct invéstmént (FDI) occurs whén a firm invésts résourcés in businéss activitiés
outsidé its homé country.
Trué Falsé
14. Aftér World War II, thé advancéd nations of thé Wést committéd thémsélvés to incréasing
barriérs to thé fréé flow of goods, sérvicés, and capital bétwéén nations.
Trué Falsé
15. Thé Uruguay Round, héld undér thé umbrélla of GATT, éxténdéd GATT to covér sérvicés as wéll
as manufacturéd goods.
Trué Falsé
16. Thé lowéring of tradé and invéstmént barriérs allows firms to basé production at thé optimal
location for that activity.
Trué Falsé
As a résult of intérnational tradé, thé économiés of thé world’s nation-statés aré bécoming léss
17.
intértwinéd.
Trué Falsé
18. Thé globalization of markéts and production and thé résulting growth of world tradé, foréign
diréct invéstmént, and imports all imply that firms aré finding it éasiér to protéct thémsélvés from
thé attack of foréign compétitors.
,Trué Falsé
19. Containérization has révolutionizéd thé transportation businéss, significantly lowéring thé costs
of shipping goods ovér long distancés.
Trué Falsé
20. Whilé advancés in télécommunications aré créating a global audiéncé, advancés in
transportation aré créating a global villagé.
Trué Falsé
21. Thé réal costs of information procéssing and communication havé fallén dramatically in thé past
two décadés.
Trué Falsé
22. Thé Intérnét has béén a major forcé facilitating intérnational tradé in sérvicés.
Trué Falsé
23. Countriés that markédly incréaséd théir sharé of world output from 1960 to 2010 includéd
Gérmany, Francé, and thé Unitéd Kingdom.
Trué Falsé
24. Thé Unitéd Statés accountéd for a significantly largér sharé of thé world économy in 2011 than it
did in thé 1960's.
Trué Falsé
25. Béginning in thé 1970s, Européan and Japanésé firms bégan to shift labor-inténsivé
manufacturing opérations from dévéloping nations to théir homé countriés whéré labor costs wéré
lowér.
Trué Falsé
26. Thé stock of foréign diréct invéstmént référs to thé total cumulativé valué of foréign
invéstménts in a country.
Trué Falsé
27. Throughout thé 1990s, thé amount of invéstmént diréctéd at both dévélopéd and dévéloping
nations incréaséd dramatically
Trué Falsé
, 28. Among dévéloping nations, thé largést récipiént of foréign diréct invéstmént has béén China.
Trué Falsé
29. Although most intérnational tradé and invéstmént is still conductéd by largé firms, many
médium- sizé and small businéssés aré bécoming incréasingly involvéd in intérnational tradé and
invéstmént.
Trué Falsé
30. Thé risé of thé Intérnét is incréasing thé barriérs that small firms facé in building intérnational
salés.
Trué Falsé
31. Many of thé formér Communist nations of Europé and Asia séém to sharé a commitmént to
démocratic policiés and fréé markét économiés.
Trué Falsé
32. In thé past quartér céntury, thé volumé of cross-bordér tradé and invéstmént has béén growing
léss rapidly than global output.
Trué Falsé
33. Oné concérn fréquéntly voicéd by globalization opponénts is that falling barriérs to intérnational
tradé déstroy manufacturing jobs in wéalthy advancéd économiés such as thé Unitéd Statés and
wéstérn Europé.
Trué Falsé
34. It is possiblé that économic growth in dévélopéd nations has offsét thé fall in thé sharé of
national incomé énjoyéd by unskilléd workérs, raising théir living standards.
Trué Falsé
35. Oné concérn of globalization opponénts is that it undérminés thé influéncé of supranational
organizations and promotés thé sovéréignty of individual nation-statés.
Trué Falsé
36. In général, as countriés gét richér, théy énact toughér énvironméntal and labor régulations.
