Global Business Today Global 8th Edition Hill Test Bank

TEST BANK For Global Business Today,
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12th Edition By Charles Hill Chapters 1 - 17
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,Chapter One Globalization
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PART TWO National Differences
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Chapter Two National Differences in Political, Economic, and Legal Systems
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Chapter Three National Differences in Economic Development
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Chapter Four Differences in Culture
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Chapter Five Ethics, Corporate Social Responsibility, and Sustainability
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PART THREE The Global Trade and Investment Environment
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Chapter Six International Trade Theory
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Chapter Seven Government Policy and International Trade
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Chapter Eight Foreign Direct Investment
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Chapter Nine Regional Economic Integration
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PART FOUR The Global Monetary System
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Chapter Ten The Foreign Exchange Market
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Chapter Eleven The International Monetary System
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PART FIVE The Strategy of International Business
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Chapter Twelve The Strategy of International Business
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Chapter Thirteen Entering Developed and Emerging Markets
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PART SIX International Business Functions
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Chapter Fourteen Exporting, Importing, and Countertrade
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Chapter Fifteen Global Production and Supply Chain Management
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Chapter Sixteen Global Marketing and Business Analytics
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Chapter Seventeen Global Human Resource Management
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,Answers are at the end of each chapter
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Chapter 01 n




n GlobalizationTrue / False n n n




Questions
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1. As a result of globalization, we have been moving toward a world in which national economiesare
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relatively self-contained entities.
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True False

2. By offering the same basic product worldwide, firms help to create a global
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market.True False
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3. A company has to be the size of a multinational giant to facilitate, and benefit from,
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theglobalization of markets.
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True False

4. As a result of globalization, companies rarely need to customize marketing strategies,
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productfeatures, and operating practices in different countries.
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True False

5. Globalization has resulted in greater uniformity replacing diversity across nationaln n n n n n n n n




n markets.True False n




6. As firms follow each other around the world, they bring with them many of the assets
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thatserved them well in other national markets. Thus, greater diversity replaces uniformity.
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True False

7. Substantial impediments, such as barriers to foreign direct investment, make it difficult for firmsto
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achieve the optimal dispersion of their productive activities to locations around the globe.
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True False

8. The World Trade Organization, the International Monetary Fund and its sister institution
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theWorld Bank, and the United Nations were all created by voluntary agreement between individual
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nation- states.
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True False

, 9. The International Monetary Fund and the World Bank were both created in 1944 by 44
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nationsthat met at Bretton Woods, New Hampshire.
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True False

10. The WTO is seen as the lender of last resort to nation-states whose economies are in
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turmoiland whose currencies are losing value against those of other nations.
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True False

11. The IMF is less controversial than its sister institution, the World
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n Bank.True n False

12. In return for loans, the IMF requires nation-states to adopt specific economic policies aimed
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atreturning their troubled economies to stability and growth.
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True False

13. Foreign direct investment (FDI) occurs when a firm invests resources in business
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activitiesoutside its home country.
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True False

14. After World War II, the advanced nations of the West committed themselves to
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increasingbarriers to the free flow of goods, services, and capital between nations.
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True False

15. The Uruguay Round, held under the umbrella of GATT, extended GATT to cover services as wellas
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manufactured goods.
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True False

16. The lowering of trade and investment barriers allows firms to base production at the
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optimallocation for that activity.
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True False

17. As a result of international trade, the economies of the world’s nation-states are becoming
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lessintertwined.
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True False

18. The globalization of markets and production and the resulting growth of world trade,
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foreigndirect investment, and imports all imply that firms are finding it easier to protect themselves
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from
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the attack of foreign competitors.
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