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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,Answersare at the end of each chapter g,j g,j g,j g,j g,j g,j g,j
Chapter 01 Globalization g,j g,j
True / FalseQuestions
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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. Byoffering the same basic product worldwide, firms help to create a globalmarket.True
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False
3. A company has to be the size of a multinational giant to facilitate, and benefit from, the
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globalizationof markets.
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True False
4. As a result of globalization, companies rarely need to customize marketing strategies, product
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features, and operating practices in different countries.
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True False
5. Globalization has resulted in greater uniformity replacing diversity across national markets. g,j g,j g, j g,j g ,j g,j g ,j g,j g,j g ,j
True
g,j False
6. As firmsfollow each other around the world, they bring with them many of the assets that
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served 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 g,j g,j g ,j g, j g ,j g,j g,j g, j g,j g,j g,j g,j g ,j g,j
achieve the optimal dispersionof 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 the
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World 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 nationsthat
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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 turmoiland
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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 Bank.
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True
g,j False
12. In return for loans, the IMF requires nation-states to adopt specific economic policies aimed at
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returning 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 activities g,j g ,j g,j g,j g,j g ,j g,j g,j g,j g,j g ,j g,j
outside its home country.
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True False
14. After WorldWar II,the advanced nations of the West committed themselves to increasing g,j g,j g, j g,j g, j g,j g,j g,j g,j g,j g,j g,j g ,j
barriers 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 optimal
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location 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 less
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intertwined.
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True False
18. The globalization of markets and production and the resulting growth of world trade, foreign
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direct investment, and imports allimply that firms arefinding it easier to protect themselves from
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the attack of foreign competitors.
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12th Edition By Charles Hill Chapters 1 - 17
g,j g,j g,j g,j g,j g,j g,j g,j
,Chapter One Globalization
g,j g,j g,j
PART TWO National Differences
g,j g,j g,j
Chapter Two National Differences in Political, Economic, and Legal Systems
g,j g,j g,j g,j g,j g,j g, j g,j g,j g,j
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
g,j g,j g, j g,j g,j g,j g,j
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
g,j g,j g,j g, j g,j g,j g, j g,j
Chapter Sixteen Global Marketing and Business Analytics
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Chapter Seventeen Global Human Resource Management
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,Answersare at the end of each chapter g,j g,j g,j g,j g,j g,j g,j
Chapter 01 Globalization g,j g,j
True / FalseQuestions
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1. As a result of globalization, we have been moving toward a world in which national economiesare
g,j g, j g,j g,j g,j g,j g ,j g,j g,j g ,j g,j g,j g,j g,j g,j g,j
relatively self-contained entities.
g,j g ,j g,j
True False
2. Byoffering the same basic product worldwide, firms help to create a globalmarket.True
g,j g,j g,j g,j g,j g ,j g ,j g,j g,j g,j g,j g,j g,j g,j
False
3. A company has to be the size of a multinational giant to facilitate, and benefit from, the
g,j g ,j g, j g,j g,j g ,j g,j g, j g ,j g,j g,j g,j g ,j g,j g,j g ,j
globalizationof markets.
g,j g,j g,j
True False
4. As a result of globalization, companies rarely need to customize marketing strategies, product
g,j g, j g,j g,j g,j g, j g,j g,j g, j g,j g ,j g,j
features, and operating practices in different countries.
g,j g,j g,j g,j g,j g,j g,j
True False
5. Globalization has resulted in greater uniformity replacing diversity across national markets. g,j g,j g, j g,j g ,j g,j g ,j g,j g,j g ,j
True
g,j False
6. As firmsfollow each other around the world, they bring with them many of the assets that
g,j g,j g,j g,j g,j g,j g,j g,j g,j g,j g,j g,j g,j g, j g,j g,j
served them well in other national markets. Thus, greater diversity replaces uniformity.
g,j g,j g,j g,j g,j g,j g,j g,j g,j g ,j g,j g, j
True False
7. Substantial impediments, such as barriers to foreign direct investment, make it difficult for firmsto g,j g,j g ,j g, j g ,j g,j g,j g, j g,j g,j g,j g,j g ,j g,j
achieve the optimal dispersionof their productive activities to locations around the globe.
g,j g ,j g,j g,j g,j g,j g,j g ,j g ,j g,j g,j g,j g, j
True False
8. The World Trade Organization, the International Monetary Fund and its sister institution the
g,j g, j g,j g,j g, j g,j g,j g ,j g ,j g,j g ,j g,j
World Bank, and the United Nations were all created by voluntary agreement between individual
g,j g,j g,j g,j g,j g,j g,j g ,j g,j g,j g,j g,j g ,j g,j
nation- states.
g, j g,j
True False
, 9. The International Monetary Fund and the World Bank were both created in 1944 by 44 nationsthat
g,j g ,j g ,j g ,j g ,j g,j g,j g ,j g,j g,j g,j g,j g ,j g, j g,j g,j
met at Bretton Woods, New Hampshire.
g,j g,j g ,j g,j g,j g,j
True False
10. The WTO is seen as the lender of last resort to nation-states whose economies are in turmoiland
g,j g,j g,j g,j g,j g, j g ,j g, j g,j g,j g,j g, j g, j g, j g,j g ,j g,j
whose currencies are losing value against those of other nations.
g,j g ,j g, j g, j g,j g,j g,j g,j g,j g ,j
True False
11. The IMF is less controversial than its sister institution, the World Bank.
g,j g,j g,j g,j g,j g ,j g,j g ,j g,j g,j g, j
True
g,j False
12. In return for loans, the IMF requires nation-states to adopt specific economic policies aimed at
g,j g, j g,j g,j g,j g,j g,j g,j g,j g, j g,j g,j g,j g,j
returning their troubled economies to stability and growth.
g,j g,j g, j g,j g,j g ,j g,j g,j
True False
13. Foreign direct investment (FDI) occurs when a firm invests resources in business activities g,j g ,j g,j g,j g,j g ,j g,j g,j g,j g,j g ,j g,j
outside its home country.
g,j g,j g,j g ,j
True False
14. After WorldWar II,the advanced nations of the West committed themselves to increasing g,j g,j g, j g,j g, j g,j g,j g,j g,j g,j g,j g,j g ,j
barriers to the free flow of goods, services, and capital between nations.
g,j g,j g, j g ,j g ,j g,j g,j g,j g,j g,j g,j g,j
True False
15. The Uruguay Round, held under the umbrella of GATT, extended GATT to cover services as wellas
g,j g,j g, j g,j g,j g,j g ,j g,j g,j g,j g,j g ,j g,j g,j g ,j g,j
manufactured goods.
g,j g,j
True False
16. The lowering of trade and investment barriers allows firms to base production at the optimal
g,j g ,j g, j g, j g ,j g ,j g,j g,j g,j g,j g,j g,j g,j g, j
location for that activity.
g,j g,j g,j g,j
True False
17. As a result of international trade, the economies of the world’s nation-states are becoming less
g,j g, j g,j g,j g ,j g, j g,j g,j g,j g ,j g,j g,j g,j g,j
intertwined.
g,j
True False
18. The globalization of markets and production and the resulting growth of world trade, foreign
g,j g,j g, j g,j g,j g,j g,j g,j g,j g,j g,j g,j g ,j
direct investment, and imports allimply that firms arefinding it easier to protect themselves from
g,j g,j g,j g,j g,j g,j g,j g,j g,j g,j g,j g ,j g,j g,j g,j g,j
the attack of foreign competitors.
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