Global Business, 5th Edition: Mike W. Peng | Comprehensive Test Bank & Answer Key for Chapters 1–17 | Complete Study Resource

TEST BANK for Global Business, 5th
Edition Mike W. Peng
CHAPTERS 1-17 WITH 100%
ACCURATE ANSWERS
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, Chapter 1: Introduction / Globalizing Business
1. A multinational enterprise is a firm that engages in foreign direct investment by directly investing in,
controlling, and managing value-added activities in other countries.

a. True

b. False

CORRECT ANSWER: True

POINTS: 1

DIFFICULTY: Difficulty: Easy

REFERENCES: International Business and Global Business

QUESTION TYPE: True / False

HAS VARIABLES: False

LEARNING OBJECTIVES: GLOB.PENG.05.01-01 - LO: 01-01

NATIONAL STANDARDS: United States - BUSPROG: Analytic

STATE STANDARDS: United States - AK - DISC: Creation of Value

KEYWORDS: Bloom's: Remember

DATE CREATED: 11/12/2021 2:54 PM

DATE MODIFIED: 3/5/2022 11:24 AM



2. The term emerging markets refers to the fastest-growing developing economies.

a. True

b. False

CORRECT ANSWER: True

POINTS: 1

DIFFICULTY: Difficulty: Easy

REFERENCES: Globalization and Semiglobalization

QUESTION TYPE: True / False

HAS VARIABLES: False
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LEARNING OBJECTIVES: GLOB.PENG.05.01-04 - LO: 01-04

NATIONAL STANDARDS: United States - BUSPROG: Analytic
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, STATE STANDARDS: United States - AK - DISC: Strategy

KEYWORDS: Bloom's: Remember

DATE CREATED: 11/12/2021 2:54 PM

DATE MODIFIED: 3/5/2022 11:24 AM



3. Gross domestic product (GDP) is the sum of value added by resident firms, households, and
governments operating in an economy.

a. True

b. False

CORRECT ANSWER: True

POINTS: 1

DIFFICULTY: Difficulty: Moderate

REFERENCES: Global Business and Globalization at a Crossroads

QUESTION TYPE: True / False

HAS VARIABLES: False

LEARNING OBJECTIVES: GLOB.PENG.05.01-05 - LO: 01-05

NATIONAL STANDARDS: United States - BUSPROG: Analytic

STATE STANDARDS: United States - AK - DISC: Environmental Influence

KEYWORDS: Bloom's: Remember

DATE CREATED: 11/12/2021 2:54 PM

DATE MODIFIED: 3/5/2022 11:24 AM



4. The majority of the global GDP is contributed by the emerging markets.

a. True

b. False

CORRECT ANSWER: False

POINTS: 1

DIFFICULTY: Difficulty: Moderate
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REFERENCES: Global Business and Globalization at a Crossroads
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, QUESTION TYPE: True / False

HAS VARIABLES: False

LEARNING OBJECTIVES: GLOB.PENG.05.01-05 - LO: 01-05

NATIONAL STANDARDS: United States - BUSPROG: Analytic

STATE STANDARDS: United States - AK - DISC: Environmental Influence

KEYWORDS: Bloom's: Remember

DATE CREATED: 11/12/2021 2:54 PM

DATE MODIFIED: 3/5/2022 11:24 AM



5. Purchasing power parity (PPP) is a conversion that determines the equivalent amount of goods and
services different currencies can purchase.

a. True

b. False

CORRECT ANSWER: True

POINTS: 1

DIFFICULTY: Difficulty: Easy

REFERENCES: Global Business and Globalization at a Crossroads

QUESTION TYPE: True / False

HAS VARIABLES: False

LEARNING OBJECTIVES: GLOB.PENG.05.01-05 - LO: 01-05

NATIONAL STANDARDS: United States - BUSPROG: Analytic

STATE STANDARDS: United States - AK - DISC: Environmental Influence

KEYWORDS: Bloom's: Remember

DATE CREATED: 11/12/2021 2:54 PM

DATE MODIFIED: 3/5/2022 11:24 AM



6. Purchasing power parity (PPP) is calculated as the sum of value added by resident firms, households,
and governments operating in an economy.
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a. True
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