Chapter 01
Globalization and International Linkages
True / False Questions
1. Despite claims by Facebook, social media has not significantly connected people across the
globe.
True False
2. The process of applying management concepts and techniques in a multinational
environment and adapting management practices to different economic, political, and cultural
environments is called international management.
True False
3. Multinational corporations can be defined as firms having operations in more than one
country, international sales, and a nationality mix of nationalities among managers and
owners.
True False
,4. Internationalization is the vision of creating one world unit, a single market entity.
True False
5. Nongovernmental organizations believe that everyone benefits from globalization, as
evidenced in lower prices, greater availability of goods, better jobs and access to technology.
True False
6. Procter & Gamble (P&G) has strategically leveraged social media to improve its long-term
brand image.
True False
7. Marketers must be responsive to social networks.
True False
8. NAFTA is a free trade agreement among the United States, Canada, and Mexico that has in
essence removed all barriers to trade and investment among the three nations.
True False
9. NAFTA is better integrated as a single market than the EU or the allied Asian countries.
True False
,10. The countries of the Association of Southeast Asian nations are challenging China's position
as destinations for low-cost production and export.
True False
11. Foreign direct investment fell dramatically over the last decade in most regions of the world.
True False
12. United States multinationals have more foreign direct investment in Germany than any other
country.
True False
13. In recent years, Canadian firms have begun investing heavily in the United States.
True False
14. Mexico believes that the United States is its most important market and that little effort should
go into expanding trade with Europe and Asia at least for now.
True False
, 15. One of the ways that Russia is attempting to get its economy going is by removing many
administered prices and subsidies and letting free market forces take over.
True False
16. The ultimate objective of the EU is to eliminate all trade barriers among member countries.
True False
17. Like most South American economies, Brazil's economy is faced with grave economic
problems. Its GDP through 2011 continued to fall, and inflation and unemployment
increased.
True False
18. The report of the Goldman Sachs global economics team estimated that the economies of the
four BRIC nations will surpass the collective economies of the G7 nations by 2032.
True False
19. As a result of some continuing problems, the international business climate in Poland has not
done well.
True False
Globalization and International Linkages
True / False Questions
1. Despite claims by Facebook, social media has not significantly connected people across the
globe.
True False
2. The process of applying management concepts and techniques in a multinational
environment and adapting management practices to different economic, political, and cultural
environments is called international management.
True False
3. Multinational corporations can be defined as firms having operations in more than one
country, international sales, and a nationality mix of nationalities among managers and
owners.
True False
,4. Internationalization is the vision of creating one world unit, a single market entity.
True False
5. Nongovernmental organizations believe that everyone benefits from globalization, as
evidenced in lower prices, greater availability of goods, better jobs and access to technology.
True False
6. Procter & Gamble (P&G) has strategically leveraged social media to improve its long-term
brand image.
True False
7. Marketers must be responsive to social networks.
True False
8. NAFTA is a free trade agreement among the United States, Canada, and Mexico that has in
essence removed all barriers to trade and investment among the three nations.
True False
9. NAFTA is better integrated as a single market than the EU or the allied Asian countries.
True False
,10. The countries of the Association of Southeast Asian nations are challenging China's position
as destinations for low-cost production and export.
True False
11. Foreign direct investment fell dramatically over the last decade in most regions of the world.
True False
12. United States multinationals have more foreign direct investment in Germany than any other
country.
True False
13. In recent years, Canadian firms have begun investing heavily in the United States.
True False
14. Mexico believes that the United States is its most important market and that little effort should
go into expanding trade with Europe and Asia at least for now.
True False
, 15. One of the ways that Russia is attempting to get its economy going is by removing many
administered prices and subsidies and letting free market forces take over.
True False
16. The ultimate objective of the EU is to eliminate all trade barriers among member countries.
True False
17. Like most South American economies, Brazil's economy is faced with grave economic
problems. Its GDP through 2011 continued to fall, and inflation and unemployment
increased.
True False
18. The report of the Goldman Sachs global economics team estimated that the economies of the
four BRIC nations will surpass the collective economies of the G7 nations by 2032.
True False
19. As a result of some continuing problems, the international business climate in Poland has not
done well.
True False
