TEST BANK For Global Business Today, 12th Edition By Charles Hill, Verified Chapters 1 - 17, Complete New Version

TEST BANK For Global Business Today,
12th Edition By Charles Hill Chapters 1 - 17

,ChaptermOnemGlobalizationm




PARTmTWOmNationalmDifferences
ChaptermTwomNationalmDifferencesminmPolitical,mEconomic,mandmLegalmSystemsm
ChaptermThreemNationalmDifferencesminmEconomicmDevelopmentm
ChaptermFourmDifferencesminmCulturem
ChaptermFivemEthics,mCorporatemSocialmResponsibility,mandmSustainabilitym




PARTmTHREEmThemGlobalmTrademandmInvestmentmEnvironment
ChaptermSixmInternationalmTrademTheorym
ChaptermSevenmGovernmentmPolicymandmInternationalmTradem
ChaptermEightmForeignmDirectmInvestmentm
ChaptermNinemRegionalmEconomicmIntegrationm




PARTmFOURmThemGlobalmMonetarymSystem
ChaptermTenmThemForeignmExchangemMarketm
ChaptermElevenmThemInternationalmMonetarymSystemm




PARTmFIVEmThemStrategymofmInternationalmBusiness
ChaptermTwelvemThemStrategymofmInternationalmBusinessm
ChaptermThirteenmEnteringmDevelopedmandmEmergingmMarketsm




PARTmSIXmInternationalmBusinessmFunctions
ChaptermFourteenmExporting,mImporting,mandmCountertradem
ChaptermFifteenmGlobalmProductionmandmSupplymChainmManagementm
ChaptermSixteenmGlobalmMarketingmandmBusinessmAnalyticsm
ChaptermSeventeenmGlobalmHumanmResourcemManagementmm

,Answersmarematmthemendmofmeachmchapter

Chapterm01mGlobalizatio

nmTruem/mFalsemQuestions

1. Asmamresultmofmglobalization,mwemhavembeenmmovingmtowardmamworldminmwhichmnationalmecon
omiesmaremrelativelymself-containedmentities.

True False

2. Bymofferingmthemsamembasicmproductmworldwide,mfirmsmhelpmtomcreatemamglobalmma

rket.mTrue False

3. Amcompanymhasmtombemthemsizemofmammultinationalmgiantmtomfacilitate,mandmbenefitmfro
m,mthemglobalizationmofmmarkets.

True False

4. Asmamresultmofmglobalization,mcompaniesmrarelymneedmtomcustomizemmarketingmstrategies,mpro
ductmfeatures,mandmoperatingmpracticesminmdifferentmcountries.

True False

5. Globalizationmhasmresultedminmgreatermuniformitymreplacingmdiversitymacrossmnationalmmark

ets.mTrue False

6. Asmfirmsmfollowmeachmothermaroundmthemworld,mtheymbringmwithmthemmmanymofmthemasset
smthatmservedmthemmwellminmothermnationalmmarkets.mThus,mgreatermdiversitymreplacesmuniformity.

True False

7. Substantialmimpediments,msuchmasmbarriersmtomforeignmdirectminvestment,mmakemitmdifficultmformf
irmsmtomachievemthemoptimalmdispersionmofmtheirmproductivemactivitiesmtomlocationsmaroundmthemglobe.

True False

8. ThemWorldmTrademOrganization,mthemInternationalmMonetarymFundmandmitsmsisterminstitution
mthemWorldmBank,mandmthemUnitedmNationsmweremallmcreatedmbymvoluntarymagreementmbetweenmindi


vidualmnation-mstates.

True False

, 9. ThemInternationalmMonetarymFundmandmthemWorldmBankmwerembothmcreatedminm1944mbym44mn
ationsmthatmmetmatmBrettonmWoods,mNewmHampshire.

True False

10. ThemWTOmismseenmasmthemlendermofmlastmresortmtomnation-
statesmwhosemeconomiesmareminmturmoilmandmwhosemcurrenciesmaremlosingmvaluemagainstmthosemofmo
thermnations.

True False

11. ThemIMFmismlessmcontroversialmthanmitsmsisterminstitution,mthemWorldmB

ank.mTrue False

12. Inmreturnmformloans,mthemIMFmrequiresmnation-
statesmtomadoptmspecificmeconomicmpoliciesmaimedmatmreturningmtheirmtroubledmeconomiesmtomstabilitym
andmgrowth.

True False

13. Foreignmdirectminvestmentm(FDI)moccursmwhenmamfirmminvestsmresourcesminmbusinessmactiv
itiesmoutsidemitsmhomemcountry.

True False

14. AftermWorldmWarmII,mthemadvancedmnationsmofmthemWestmcommittedmthemselvesmtomincre
asingmbarriersmtomthemfreemflowmofmgoods,mservices,mandmcapitalmbetweenmnations.

True False

15. ThemUruguaymRound,mheldmundermthemumbrellamofmGATT,mextendedmGATTmtomcovermservicesmas
mwellmasmmanufacturedmgoods.




True False

16. Themloweringmofmtrademandminvestmentmbarriersmallowsmfirmsmtombasemproductionmatmthemop
timalmlocationmformthatmactivity.

True False

17. Asmamresultmofminternationalmtrade,mthemeconomiesmofmthemworld’smnation-
statesmarembecomingmlessmintertwined.

True False

18. Themglobalizationmofmmarketsmandmproductionmandmthemresultingmgrowthmofmworldmtrade,mfo
reignmdirectminvestment,mandmimportsmallmimplymthatmfirmsmaremfindingmitmeasiermtomprotectmthemselv
esmfrom

themattackmofmforeignmcompetitors.