GLOBAL BUSINESS – COMPLETE TEST BANK FOR 5TH EDITION BY MIKE PENG (CHAPTERS 1–17) WITH VERIFIED QUESTIONS AND ANSWERS

TEST BANK for Global Business 5th Edition
by Peng Mike. Complete Chapters 1 - 17

,TABLE OF CONTENTS

1. Chapter 1: Introduction

2. Chapter 2: Formal Institutions: Politics, Laws, and Economics

3. Chapter 3: Informal Institutions: Cultures, Ethics, and Norms

4. Chapter 4: Resources and Capabilities

5. Chapter 5: International Trade

6. Chapter 6: Foreign Direct Investment

7. Chapter 7: Foreign Exchange

8. Chapter 8: Global and Regional Integration

9. Chapter 9: The Entrepreneurial Firm

10. Chapter 10: Foreign Market Entry

11. Chapter 11: Global Competitive Dynamics

12. Chapter 12: Alliances and Acquisitions

13. Chapter 13: Strategy, Structure, and Innovation in Multinationals

14. Chapter 14: Marketing and Supply Chain Management

15. Chapter 15: Human Resource Management

16. Chapter 16: Corporate Finance and Governance

17. Chapter 17: Corporate Social Responsibility

, Chapter 1

1. A multinational enterprise is a firm that engages in foreign direct investment by directly investing in, controlling, and
managing value-added activities in other countries.
a. True
b. False
ANSWER: ✅ True
 POINTS: 1
 DIFFICULTY: Easy
 REFERENCES: International Business and Global Business
 QUESTION TYPE: True / False
 LEARNING OBJECTIVES: GLOB.PENG.05.01-01 - LO: 01-01
 NATIONAL STANDARDS: United States - BUSPROG: Analytic
 STATE STANDARDS: United States - AK - DISC: Creation of Value
 KEYWORDS: Bloom's: Remember
 DATE CREATED: 11/12/2021 2:54 PM
 DATE MODIFIED: 3/5/2022 11:24 AM

2. The term “emerging markets” refers to the fastest-growing developing economies.
a. True
b. False
ANSWER: ✅ True
 POINTS: 1
 DIFFICULTY: Easy
 REFERENCES: Globalization and Semiglobalization
 QUESTION TYPE: True / False
 LEARNING OBJECTIVES: GLOB.PENG.05.01-04 - LO: 01-04
 NATIONAL STANDARDS: United States - BUSPROG: Analytic
 STATE STANDARDS: United States - AK - DISC: Strategy
 KEYWORDS: Bloom's: Remember
 DATE CREATED: 11/12/2021 2:54 PM
 DATE MODIFIED: 3/5/2022 11:24 AM

3. Gross domestic product (GDP) is the sum of value added by resident firms, households, and governments operating in an
economy.
a. True
b. False
ANSWER: ✅ True
 POINTS: 1
 DIFFICULTY: Moderate
 REFERENCES: Global Business and Globalization at a Crossroads
 QUESTION TYPE: True / False
 LEARNING OBJECTIVES: GLOB.PENG.05.01-05 - LO: 01-05
 NATIONAL STANDARDS: United States - BUSPROG: Analytic
 STATE STANDARDS: United States - AK - DISC: Environmental Influence
 KEYWORDS: Bloom's: Remember
 DATE CREATED: 11/12/2021 2:54 PM
 DATE MODIFIED: 3/5/2022 11:24 AM

1. The majority of the global GDP is contributed by the emerging markets.
a. True

, b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Difficulty: Moderate
REFERENCES: Global Business and Globalization at a Crossroads
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: GLOB.PENG.05.01-05 - LO: 01-05
NATIONAL STANDARDS: United States - BUSPROG: Analytic
STATE STANDARDS: United States - AK - DISC: Environmental Influence
KEYWORDS: Bloom's: Remember
DATE CREATED: 11/12/2021 2:54 PM
DATE MODIFIED: 3/5/2022 11:24 AM

2. Purchasing power parity (PPP) is a conversion that determines the equivalent amount of goods and services different
currencies can purchase.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Difficulty: Easy
REFERENCES: Global Business and Globalization at a Crossroads
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: GLOB.PENG.05.01-05 - LO: 01-05
NATIONAL STANDARDS: United States - BUSPROG: Analytic
STATE STANDARDS: United States - AK - DISC: Environmental Influence
KEYWORDS: Bloom's: Remember
DATE CREATED: 11/12/2021 2:54 PM
DATE MODIFIED: 3/5/2022 11:24 AM

3. Purchasing power parity (PPP) is calculated as the sum of value added by resident firms, households, and governments
operating in an economy.
a. True