Test Bank for International Management: Culture, Strategy, and Behavior
2025 Release by Jonathan Doh, Fred Luthans | Answers Included
Chap 01 2025 Release - Doh
TRUE/FALSE - Write 'T' if the statement is true and 'F' if the statement is false.
1) Internationalization is the vision of creating one world unit, a single market entity.
1) ______
▢ true ▢ false
2) In the context of the changing global demographics, elderly populations spend money on
housing and other capitally financed purchases.
2) ______
▢ true ▢ false
3) North American Free Trade Agreement (NAFTA) members are better integrated as a single
market than the European Union (EU) or the allied Asian countries.
3) ______
▢ true ▢ false
4) The United Nations (U.N.) has increasingly embraced social media as a tool to enhance
diplomacy and understanding worldwide.
4) ______
▢ true ▢ false
5) An increase in the ease of travel between countries is an important development that has
occurred because of the North American Free Trade Agreement (NAFTA).
5) ______
▢ true ▢ false
1
,6) Initial reports from Goldman Sachs, issued in the early 2000s, predicted that BRIC (Brazil,
Russia, India, and China) economies' share of world growth could double from 20 percent in
2003 to more than 40 percent by 2025.
6) ______
▢ true ▢ false
7) Foreign direct investment (FDI) has been increasing rapidly among developed economies
since the past few years.
7) ______
▢ true ▢ false
8) Nongovernmental organizations (NGOs) have become more active in expressing concerns
about the potential shortcomings of economic globalization.
8) ______
▢ true ▢ false
9) In a command economy, a general balance between supply and demand sustains prices, while
an imbalance creates a price fluctuation.
9) ______
▢ true ▢ false
10) Monopolies are a danger to the market economy system because they tend to stifle economic
growth.
10) ______
▢ true ▢ false
11) In the context of the emerging markets of Asia, India is attractive to multinationals,
especially U.S. and British firms.
11) ______
▢ true ▢ false
2
,12) The United States has considerable foreign direct investment in Germany, more than in any
other country.
12) ______
▢ true ▢ false
13) Despite being unable to take full advantage of globalization, the future potential of many
African countries is promising.
13) ______
▢ true ▢ false
14) One of the factors that contributed to the early success of the Japanese economy is the
presence of chaebols.
14) ______
▢ true ▢ false
15) Despite the rising anti-globalization sentiments and increased protectionist policies during
2017–2021, the U.S. remains one of the most welcoming environments for foreign investors.
15) ______
▢ true ▢ false
16) The ultimate objective of the European Union (EU) is to eliminate all trade barriers among
member countries.
16) ______
▢ true ▢ false
17) The economy of Argentina outweighs that of any other South American country with an
economic output comparable to that of France and has become a worldwide presence.
17) ______
▢ true ▢ false
3
, 18) The Brazilian economy outweighs that of any other South American country with an
economic output comparable to that of France.
18) ______
▢ true ▢ false
19) China remains a major risk for investors because they are required to maintain a delicate
balance between the country's communist and capitalist systems.
19) ______
▢ true ▢ false
20) Saudi Arabia is the largest oil producer in the Arab world.
20) ______
▢ true ▢ false
21) Singapore has emerged as an urban planner's ideal model and the leader and financial center
of Southeast Asia.
21) ______
▢ true ▢ false
MULTIPLE CHOICE - Choose the one alternative that best completes the statement or
answers the question.
22) Which of the following terms is defined as the process of social, political, economic, cultural,
and technological integration among countries around the world?
22) ______
A) internationalization
B) offshoring
C) globalization
D) outsourcing
4
2025 Release by Jonathan Doh, Fred Luthans | Answers Included
Chap 01 2025 Release - Doh
TRUE/FALSE - Write 'T' if the statement is true and 'F' if the statement is false.
1) Internationalization is the vision of creating one world unit, a single market entity.
1) ______
▢ true ▢ false
2) In the context of the changing global demographics, elderly populations spend money on
housing and other capitally financed purchases.
2) ______
▢ true ▢ false
3) North American Free Trade Agreement (NAFTA) members are better integrated as a single
market than the European Union (EU) or the allied Asian countries.
3) ______
▢ true ▢ false
4) The United Nations (U.N.) has increasingly embraced social media as a tool to enhance
diplomacy and understanding worldwide.
4) ______
▢ true ▢ false
5) An increase in the ease of travel between countries is an important development that has
occurred because of the North American Free Trade Agreement (NAFTA).
5) ______
▢ true ▢ false
1
,6) Initial reports from Goldman Sachs, issued in the early 2000s, predicted that BRIC (Brazil,
Russia, India, and China) economies' share of world growth could double from 20 percent in
2003 to more than 40 percent by 2025.
6) ______
▢ true ▢ false
7) Foreign direct investment (FDI) has been increasing rapidly among developed economies
since the past few years.
7) ______
▢ true ▢ false
8) Nongovernmental organizations (NGOs) have become more active in expressing concerns
about the potential shortcomings of economic globalization.
8) ______
▢ true ▢ false
9) In a command economy, a general balance between supply and demand sustains prices, while
an imbalance creates a price fluctuation.
9) ______
▢ true ▢ false
10) Monopolies are a danger to the market economy system because they tend to stifle economic
growth.
10) ______
▢ true ▢ false
11) In the context of the emerging markets of Asia, India is attractive to multinationals,
especially U.S. and British firms.
11) ______
▢ true ▢ false
2
,12) The United States has considerable foreign direct investment in Germany, more than in any
other country.
12) ______
▢ true ▢ false
13) Despite being unable to take full advantage of globalization, the future potential of many
African countries is promising.
13) ______
▢ true ▢ false
14) One of the factors that contributed to the early success of the Japanese economy is the
presence of chaebols.
14) ______
▢ true ▢ false
15) Despite the rising anti-globalization sentiments and increased protectionist policies during
2017–2021, the U.S. remains one of the most welcoming environments for foreign investors.
15) ______
▢ true ▢ false
16) The ultimate objective of the European Union (EU) is to eliminate all trade barriers among
member countries.
16) ______
▢ true ▢ false
17) The economy of Argentina outweighs that of any other South American country with an
economic output comparable to that of France and has become a worldwide presence.
17) ______
▢ true ▢ false
3
, 18) The Brazilian economy outweighs that of any other South American country with an
economic output comparable to that of France.
18) ______
▢ true ▢ false
19) China remains a major risk for investors because they are required to maintain a delicate
balance between the country's communist and capitalist systems.
19) ______
▢ true ▢ false
20) Saudi Arabia is the largest oil producer in the Arab world.
20) ______
▢ true ▢ false
21) Singapore has emerged as an urban planner's ideal model and the leader and financial center
of Southeast Asia.
21) ______
▢ true ▢ false
MULTIPLE CHOICE - Choose the one alternative that best completes the statement or
answers the question.
22) Which of the following terms is defined as the process of social, political, economic, cultural,
and technological integration among countries around the world?
22) ______
A) internationalization
B) offshoring
C) globalization
D) outsourcing
4
