TEST BANK For Global Business Today,
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12th,Edition,By,Charles,Hill,Chapters,1,-,17
,Chapter,One,Globalization,
PART,TWO,National,Differences
Chapter,Two,National,Differences,in,Political,,Economic,,and,Legal,Systems,
Chapter,Three,National,Differences,in,Economic,Development,
Chapter,Four,Differences,in,Culture,
Chapter,Five,Ethics,,Corporate,Social,Responsibility,,and,Sustainability,
PART,THREE,The,Global,Trade,and,Investment,Environment
Chapter,Six,International,Trade,Theory,
Chapter,Seven,Government,Policy,and,International,Trade,
Chapter,Eight,Foreign,Direct,Investment,
Chapter,Nine,Regional,Economic,Integration,
PART,FOUR,The,Global,Monetary,System
Chapter,Ten,The,Foreign,Exchange,Market,
Chapter,Eleven,The,International,Monetary,System,
PART,FIVE,The,Strategy,of,International,Business
Chapter,Twelve,The,Strategy,of,International,Business,
Chapter,Thirteen,Entering,Developed,and,Emerging,Markets,
PART,SIX,International,Business,Functions
Chapter,Fourteen,Exporting,,Importing,,and,Countertrade,
Chapter,Fifteen,Global,Production,and,Supply,Chain,Management,
Chapter,Sixteen,Global,Marketing,and,Business,Analytics,
Chapter,Seventeen,Global,Human,Resource,Management,,
,Answers,are,at,the,end,of,each,chapter
Chapter,01,Globalization,
True,/,False,Questions
1. As,a,result,of,globalization,,we,have,been,moving,toward,a,world,in,which,national,economies
,are,relatively,self-contained,entities.
True False
2. By,offering,the,same,basic,product,worldwide,,firms,help,to,create,a,global,market.,
True False
3. A,company,has,to,be,the,size,of,a,multinational,giant,to,facilitate,,and,benefit,from,,the
,globalization,of,markets.
True False
4. As,a,result,of,globalization,,companies,rarely,need,to,customize,marketing,strategies,,product
,features,,and,operating,practices,in,different,countries.
True False
5. Globalization,has,resulted,in,greater,uniformity,replacing,diversity,across,national,markets.,
True False
6. As,firms,follow,each,other,around,the,world,,they,bring,with,them,many,of,the,assets,that,
served,them,well,in,other,national,markets.,Thus,,greater,diversity,replaces,uniformity.
True False
7. Substantial,impediments,,such,as,barriers,to,foreign,direct,investment,,make,it,difficult,for,firms
,to,achieve,the,optimal,dispersion,of,their,productive,activities,to,locations,around,the,globe.
True False
8. The,World,Trade,Organization,,the,International,Monetary,Fund,and,its,sister,institution,the,
World,Bank,,and,the,United,Nations,were,all,created,by,voluntary,agreement,between,individual,na
tion-,states.
True False
, 9. The,International,Monetary,Fund,and,the,World,Bank,were,both,created,in,1944,by,44,nations
,that,met,at,Bretton,Woods,,New,Hampshire.
True False
10. The,WTO,is,seen,as,the,lender,of,last,resort,to,nation-
states,whose,economies,are,in,turmoil,and,whose,currencies,are,losing,value,against,those,of,other,
nations.
True False
11. The,IMF,is,less,controversial,than,its,sister,institution,,the,World,Bank.
,True False
12. In,return,for,loans,,the,IMF,requires,nation-
states,to,adopt,specific,economic,policies,aimed,at,returning,their,troubled,economies,to,stability,and,
growth.
True False
13. Foreign,direct,investment,(FDI),occurs,when,a,firm,invests,resources,in,business,activities,
outside,its,home,country.
True False
14. After,World,War,II,,the,advanced,nations,of,the,West,committed,themselves,to,increasing,
barriers,to,the,free,flow,of,goods,,services,,and,capital,between,nations.
True False
15. The,Uruguay,Round,,held,under,the,umbrella,of,GATT,,extended,GATT,to,cover,services,as,well
,as,manufactured,goods.
True False
16. The,lowering,of,trade,and,investment,barriers,allows,firms,to,base,production,at,the,optimal,
location,for,that,activity.
True False
17. As,a,result,of,international,trade,,the,economies,of,the,world’s,nation-
states,are,becoming,less,intertwined.
True False
18. The,globalization,of,markets,and,production,and,the,resulting,growth,of,world,trade,,foreign
,direct,investment,,and,imports,all,imply,that,firms,are,finding,it,easier,to,protect,themselves,from
the,attack,of,foreign,competitors.
, , , , , ,
12th,Edition,By,Charles,Hill,Chapters,1,-,17
,Chapter,One,Globalization,
PART,TWO,National,Differences
Chapter,Two,National,Differences,in,Political,,Economic,,and,Legal,Systems,
Chapter,Three,National,Differences,in,Economic,Development,
Chapter,Four,Differences,in,Culture,
Chapter,Five,Ethics,,Corporate,Social,Responsibility,,and,Sustainability,
PART,THREE,The,Global,Trade,and,Investment,Environment
Chapter,Six,International,Trade,Theory,
Chapter,Seven,Government,Policy,and,International,Trade,
Chapter,Eight,Foreign,Direct,Investment,
Chapter,Nine,Regional,Economic,Integration,
PART,FOUR,The,Global,Monetary,System
Chapter,Ten,The,Foreign,Exchange,Market,
Chapter,Eleven,The,International,Monetary,System,
PART,FIVE,The,Strategy,of,International,Business
Chapter,Twelve,The,Strategy,of,International,Business,
Chapter,Thirteen,Entering,Developed,and,Emerging,Markets,
PART,SIX,International,Business,Functions
Chapter,Fourteen,Exporting,,Importing,,and,Countertrade,
Chapter,Fifteen,Global,Production,and,Supply,Chain,Management,
Chapter,Sixteen,Global,Marketing,and,Business,Analytics,
Chapter,Seventeen,Global,Human,Resource,Management,,
,Answers,are,at,the,end,of,each,chapter
Chapter,01,Globalization,
True,/,False,Questions
1. As,a,result,of,globalization,,we,have,been,moving,toward,a,world,in,which,national,economies
,are,relatively,self-contained,entities.
True False
2. By,offering,the,same,basic,product,worldwide,,firms,help,to,create,a,global,market.,
True False
3. A,company,has,to,be,the,size,of,a,multinational,giant,to,facilitate,,and,benefit,from,,the
,globalization,of,markets.
True False
4. As,a,result,of,globalization,,companies,rarely,need,to,customize,marketing,strategies,,product
,features,,and,operating,practices,in,different,countries.
True False
5. Globalization,has,resulted,in,greater,uniformity,replacing,diversity,across,national,markets.,
True False
6. As,firms,follow,each,other,around,the,world,,they,bring,with,them,many,of,the,assets,that,
served,them,well,in,other,national,markets.,Thus,,greater,diversity,replaces,uniformity.
True False
7. Substantial,impediments,,such,as,barriers,to,foreign,direct,investment,,make,it,difficult,for,firms
,to,achieve,the,optimal,dispersion,of,their,productive,activities,to,locations,around,the,globe.
True False
8. The,World,Trade,Organization,,the,International,Monetary,Fund,and,its,sister,institution,the,
World,Bank,,and,the,United,Nations,were,all,created,by,voluntary,agreement,between,individual,na
tion-,states.
True False
, 9. The,International,Monetary,Fund,and,the,World,Bank,were,both,created,in,1944,by,44,nations
,that,met,at,Bretton,Woods,,New,Hampshire.
True False
10. The,WTO,is,seen,as,the,lender,of,last,resort,to,nation-
states,whose,economies,are,in,turmoil,and,whose,currencies,are,losing,value,against,those,of,other,
nations.
True False
11. The,IMF,is,less,controversial,than,its,sister,institution,,the,World,Bank.
,True False
12. In,return,for,loans,,the,IMF,requires,nation-
states,to,adopt,specific,economic,policies,aimed,at,returning,their,troubled,economies,to,stability,and,
growth.
True False
13. Foreign,direct,investment,(FDI),occurs,when,a,firm,invests,resources,in,business,activities,
outside,its,home,country.
True False
14. After,World,War,II,,the,advanced,nations,of,the,West,committed,themselves,to,increasing,
barriers,to,the,free,flow,of,goods,,services,,and,capital,between,nations.
True False
15. The,Uruguay,Round,,held,under,the,umbrella,of,GATT,,extended,GATT,to,cover,services,as,well
,as,manufactured,goods.
True False
16. The,lowering,of,trade,and,investment,barriers,allows,firms,to,base,production,at,the,optimal,
location,for,that,activity.
True False
17. As,a,result,of,international,trade,,the,economies,of,the,world’s,nation-
states,are,becoming,less,intertwined.
True False
18. The,globalization,of,markets,and,production,and,the,resulting,growth,of,world,trade,,foreign
,direct,investment,,and,imports,all,imply,that,firms,are,finding,it,easier,to,protect,themselves,from
the,attack,of,foreign,competitors.
