TEST BANK
Introduction to Global Business: Understanding the International Environment &
Global Business,3rd Edition
by Julian Gaspar, James Kolari
TU
TO
R
G
U
R
U
, Table of Content
Part 1. Foundations of Global Business
1. The Rise of Globalization
2. The Evolution of International Business
3. Regional Economic Integration
4. The International Flow of Funds and Exchange Rates
Part 2. Global Business Environment
5. The Cultural Environment
TU
6. The Legal and Political Environment of Global Business
7. Corruption and Ethics in Global Business
Part 3. Global Business Strategy and Organization
8. Entry Strategies in Global Business
TO
9. Control of Global Business
10. The Organization of Global Business
Part 4. Managing Global Business
R
11. Global Human Resource Management
12. Global Marketing
G
13. Global Operations and Supply-Chain Management
14. Global Financial Management
U
15. Accounting and Taxation in Global Business
R
U
, Franklyn A Plus Pass
Chapter 1: The Rise of Globalization
TRUE/FALSE
1. With business becoming increasingly global, its success, fortunately, depends only on the domestic
environment.
ACCURATE ANSWER: F PTS: 1 DIF: Difficulty: Moderate REF: p. 4 OBJ:
LO: 01-01 NAT: BUSPROG: Analytic
STA: DISC: Environmental Influence KEY: Bloom's: Comprehension
TU
2. Even though business is global, the credit crisis of 2008, started by an American investment bank, was
limited to the American economy with fortunately no impact on the global economy.
ACCURATE ANSWER: F PTS: 1 DIF: Difficulty: Challenging REF: p. 3 OBJ:
TO
LO: 01-01 NAT: BUSPROG: Analytic
STA: DISC: Environmental Influence KEY: Bloom's: Analysis
3. Key aspects of globalization include the elimination of barriers to trade and information technology.
R
ACCURATE ANSWER: T PTS: 1 DIF: Difficulty: Moderate REF: p. 5 OBJ:
LO: 01-01 NAT: BUSPROG: Analytic
G
STA: DISC: Environmental Influence KEY: Bloom's: Analysis
U
Fr
4. So far globalization has made it possible for goods, services, and capital, to cross national borders but
not technology and culture.
an
R
ACCURATE ANSWER: F PTS: 1 DIF: Difficulty: Moderate REF: p. 5 OBJ:
LO: 01-01 NAT: BUSPROG: Analytic
k ly
U
STA: DISC: Environmental Influence KEY: Bloom's: Analysis
ne
5. The ―soft‖ qualities essential to globalization include openness, protectionism, accountability,
A
connectivity, democracy, and centralization.
pl
ACCURATE ANSWER: F PTS: 1 DIF: Difficulty: Challenging REF: p. 6 OBJ:
LO: 01-01 NAT: BUSPROG: Analytic
us
STA: DISC: Environmental Influence KEY: Bloom's: Analysis
Pa
Page | 2
ss
, Franklyn A Plus Pass
6. A sustainable decoupling process would eventually lead to a multi-polar world—a world economy in
which the engines of growth could comprise the United States, the European Union, China, India, Brazil,
Russia, and South Africa rather than the United States alone.
ACCURATE ANSWER: T PTS: 1 DIF: Difficulty: Challenging
REF: p. 9 OBJ: LO: 01-01 NAT: BUSPROG: Analytic
STA: DISC: Environmental Influence KEY: Bloom's: Analysis
TU
7. The openness and proliferation of globalization and free trade rules can best be attributed to the
interwar period between World War I and II.
ACCURATE ANSWER: F PTS: 1 DIF: Difficulty: Challenging REF: p. 10 OBJ:
LO: 01-02 NAT: BUSPROG: Analytic
STA: DISC: Environmental Influence KEY: Bloom's: Analysis
TO
8. As part of the World Bank’s Strategic Framework, there are five focus areas that accommodate and
facilitate the globalization process including its analytical and advisory role supporting national policies
to strengthen free market institutions and infrastructure that has provided the potential for creating large
R
gains from trade.
ACCURATE ANSWER: T PTS: 1 DIF: Difficulty: Challenging
G
REF: p. 12 OBJ: LO: 01-02 NAT: BUSPROG: Analytic
STA: DISC: Environmental Influence KEY: Bloom's: Evaluation
U
Fr
an
9. For World Trade Organization, increasing trade barriers has been one of the most simplistic ways to
R
encourage trade and globalization.
k
ACCURATE ANSWER: F PTS: 1 DIF: Difficulty: Moderate REF: p. 13 OBJ:
ly
U
LO: 01-02 NAT: BUSPROG: Analytic
ne
STA: DISC: Environmental Influence KEY: Bloom's: Comprehension
A
10. The foundations of the globalized business world are political—and so are the biggest threats to the
pl
system.
us
ACCURATE ANSWER: T PTS: 1 DIF: Difficulty: Challenging REF: p. 15 OBJ:
LO: 01-03 NAT: BUSPROG: Analytic
Pa
Page | 3
ss
Introduction to Global Business: Understanding the International Environment &
Global Business,3rd Edition
by Julian Gaspar, James Kolari
TU
TO
R
G
U
R
U
, Table of Content
Part 1. Foundations of Global Business
1. The Rise of Globalization
2. The Evolution of International Business
3. Regional Economic Integration
4. The International Flow of Funds and Exchange Rates
Part 2. Global Business Environment
5. The Cultural Environment
TU
6. The Legal and Political Environment of Global Business
7. Corruption and Ethics in Global Business
Part 3. Global Business Strategy and Organization
8. Entry Strategies in Global Business
TO
9. Control of Global Business
10. The Organization of Global Business
Part 4. Managing Global Business
R
11. Global Human Resource Management
12. Global Marketing
G
13. Global Operations and Supply-Chain Management
14. Global Financial Management
U
15. Accounting and Taxation in Global Business
R
U
, Franklyn A Plus Pass
Chapter 1: The Rise of Globalization
TRUE/FALSE
1. With business becoming increasingly global, its success, fortunately, depends only on the domestic
environment.
ACCURATE ANSWER: F PTS: 1 DIF: Difficulty: Moderate REF: p. 4 OBJ:
LO: 01-01 NAT: BUSPROG: Analytic
STA: DISC: Environmental Influence KEY: Bloom's: Comprehension
TU
2. Even though business is global, the credit crisis of 2008, started by an American investment bank, was
limited to the American economy with fortunately no impact on the global economy.
ACCURATE ANSWER: F PTS: 1 DIF: Difficulty: Challenging REF: p. 3 OBJ:
TO
LO: 01-01 NAT: BUSPROG: Analytic
STA: DISC: Environmental Influence KEY: Bloom's: Analysis
3. Key aspects of globalization include the elimination of barriers to trade and information technology.
R
ACCURATE ANSWER: T PTS: 1 DIF: Difficulty: Moderate REF: p. 5 OBJ:
LO: 01-01 NAT: BUSPROG: Analytic
G
STA: DISC: Environmental Influence KEY: Bloom's: Analysis
U
Fr
4. So far globalization has made it possible for goods, services, and capital, to cross national borders but
not technology and culture.
an
R
ACCURATE ANSWER: F PTS: 1 DIF: Difficulty: Moderate REF: p. 5 OBJ:
LO: 01-01 NAT: BUSPROG: Analytic
k ly
U
STA: DISC: Environmental Influence KEY: Bloom's: Analysis
ne
5. The ―soft‖ qualities essential to globalization include openness, protectionism, accountability,
A
connectivity, democracy, and centralization.
pl
ACCURATE ANSWER: F PTS: 1 DIF: Difficulty: Challenging REF: p. 6 OBJ:
LO: 01-01 NAT: BUSPROG: Analytic
us
STA: DISC: Environmental Influence KEY: Bloom's: Analysis
Pa
Page | 2
ss
, Franklyn A Plus Pass
6. A sustainable decoupling process would eventually lead to a multi-polar world—a world economy in
which the engines of growth could comprise the United States, the European Union, China, India, Brazil,
Russia, and South Africa rather than the United States alone.
ACCURATE ANSWER: T PTS: 1 DIF: Difficulty: Challenging
REF: p. 9 OBJ: LO: 01-01 NAT: BUSPROG: Analytic
STA: DISC: Environmental Influence KEY: Bloom's: Analysis
TU
7. The openness and proliferation of globalization and free trade rules can best be attributed to the
interwar period between World War I and II.
ACCURATE ANSWER: F PTS: 1 DIF: Difficulty: Challenging REF: p. 10 OBJ:
LO: 01-02 NAT: BUSPROG: Analytic
STA: DISC: Environmental Influence KEY: Bloom's: Analysis
TO
8. As part of the World Bank’s Strategic Framework, there are five focus areas that accommodate and
facilitate the globalization process including its analytical and advisory role supporting national policies
to strengthen free market institutions and infrastructure that has provided the potential for creating large
R
gains from trade.
ACCURATE ANSWER: T PTS: 1 DIF: Difficulty: Challenging
G
REF: p. 12 OBJ: LO: 01-02 NAT: BUSPROG: Analytic
STA: DISC: Environmental Influence KEY: Bloom's: Evaluation
U
Fr
an
9. For World Trade Organization, increasing trade barriers has been one of the most simplistic ways to
R
encourage trade and globalization.
k
ACCURATE ANSWER: F PTS: 1 DIF: Difficulty: Moderate REF: p. 13 OBJ:
ly
U
LO: 01-02 NAT: BUSPROG: Analytic
ne
STA: DISC: Environmental Influence KEY: Bloom's: Comprehension
A
10. The foundations of the globalized business world are political—and so are the biggest threats to the
pl
system.
us
ACCURATE ANSWER: T PTS: 1 DIF: Difficulty: Challenging REF: p. 15 OBJ:
LO: 01-03 NAT: BUSPROG: Analytic
Pa
Page | 3
ss
