TEST BANK For Global Business Today,
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 sa sresult sof sglobalization, scompanies srarely sneed sto scustomize smarketing sstrategies,
sproductsfeatures, sand soperating spractices sin sdifferent scountries.
True False
5. Globalization shas sresulted sin sgreater suniformity sreplacing sdiversity sacross snational
smarkets.sTrue False
6. As sfirms sfollow seach sother saround sthe sworld, sthey sbring swith sthem smany sof sthe
sassets sthatsserved sthem swell sin sother snational smarkets. sThus, sgreater sdiversity sreplaces
suniformity.
True False
7. Substantial simpediments, ssuch sas sbarriers sto sforeign sdirect sinvestment, smake sit sdifficult
sfor sfirmssto sachieve sthe soptimal sdispersion sof stheir sproductive sactivities sto slocations saround sthe
sglobe.
True False
8. The sWorld sTrade sOrganization, sthe sInternational sMonetary sFund sand sits ssister
sinstitution sthesWorld sBank, sand sthe sUnited sNations swere sall screated sby svoluntary sagreement
sbetween sindividual snation- sstates.
True False
, 9. The sInternational sMonetary sFund sand sthe sWorld sBank swere sboth screated sin s1944 sby s44
snationssthat smet sat sBretton sWoods, sNew sHampshire.
True False
10. The sWTO sis sseen sas sthe slender sof slast sresort sto snation-states swhose seconomies sare
sin sturmoilsand swhose scurrencies sare slosing svalue sagainst sthose sof sother snations.
True False
11. The sIMF sis sless scontroversial sthan sits ssister sinstitution, sthe sWorld
sBank.sTrue False
12. In sreturn sfor sloans, sthe sIMF srequires snation-states sto sadopt sspecific seconomic spolicies
saimed satsreturning stheir stroubled seconomies sto sstability sand sgrowth.
True False
13. Foreign sdirect sinvestment s(FDI) soccurs swhen sa sfirm sinvests sresources sin sbusiness
sactivitiessoutside sits shome scountry.
True False
14. After sWorld sWar sII, sthe sadvanced snations sof sthe sWest scommitted sthemselves sto
sincreasingsbarriers sto sthe sfree sflow sof sgoods, sservices, sand scapital sbetween snations.
True False
15. The sUruguay sRound, sheld sunder sthe sumbrella sof sGATT, sextended sGATT sto scover sservices
sas swellsas smanufactured sgoods.
True False
16. The slowering sof strade sand sinvestment sbarriers sallows sfirms sto sbase sproduction sat sthe
soptimalslocation sfor sthat sactivity.
True False
17. As sa sresult sof sinternational strade, sthe seconomies sof sthe sworld’s snation-states sare
sbecoming slesssintertwined.
True False
18. The sglobalization sof smarkets sand sproduction sand sthe sresulting sgrowth sof sworld strade,
sforeignsdirect sinvestment, sand simports sall simply sthat sfirms sare sfinding sit seasier sto sprotect
sthemselves sfrom
the sattack sof sforeign scompetitors.
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 sa sresult sof sglobalization, scompanies srarely sneed sto scustomize smarketing sstrategies,
sproductsfeatures, sand soperating spractices sin sdifferent scountries.
True False
5. Globalization shas sresulted sin sgreater suniformity sreplacing sdiversity sacross snational
smarkets.sTrue False
6. As sfirms sfollow seach sother saround sthe sworld, sthey sbring swith sthem smany sof sthe
sassets sthatsserved sthem swell sin sother snational smarkets. sThus, sgreater sdiversity sreplaces
suniformity.
True False
7. Substantial simpediments, ssuch sas sbarriers sto sforeign sdirect sinvestment, smake sit sdifficult
sfor sfirmssto sachieve sthe soptimal sdispersion sof stheir sproductive sactivities sto slocations saround sthe
sglobe.
True False
8. The sWorld sTrade sOrganization, sthe sInternational sMonetary sFund sand sits ssister
sinstitution sthesWorld sBank, sand sthe sUnited sNations swere sall screated sby svoluntary sagreement
sbetween sindividual snation- sstates.
True False
, 9. The sInternational sMonetary sFund sand sthe sWorld sBank swere sboth screated sin s1944 sby s44
snationssthat smet sat sBretton sWoods, sNew sHampshire.
True False
10. The sWTO sis sseen sas sthe slender sof slast sresort sto snation-states swhose seconomies sare
sin sturmoilsand swhose scurrencies sare slosing svalue sagainst sthose sof sother snations.
True False
11. The sIMF sis sless scontroversial sthan sits ssister sinstitution, sthe sWorld
sBank.sTrue False
12. In sreturn sfor sloans, sthe sIMF srequires snation-states sto sadopt sspecific seconomic spolicies
saimed satsreturning stheir stroubled seconomies sto sstability sand sgrowth.
True False
13. Foreign sdirect sinvestment s(FDI) soccurs swhen sa sfirm sinvests sresources sin sbusiness
sactivitiessoutside sits shome scountry.
True False
14. After sWorld sWar sII, sthe sadvanced snations sof sthe sWest scommitted sthemselves sto
sincreasingsbarriers sto sthe sfree sflow sof sgoods, sservices, sand scapital sbetween snations.
True False
15. The sUruguay sRound, sheld sunder sthe sumbrella sof sGATT, sextended sGATT sto scover sservices
sas swellsas smanufactured sgoods.
True False
16. The slowering sof strade sand sinvestment sbarriers sallows sfirms sto sbase sproduction sat sthe
soptimalslocation sfor sthat sactivity.
True False
17. As sa sresult sof sinternational strade, sthe seconomies sof sthe sworld’s snation-states sare
sbecoming slesssintertwined.
True False
18. The sglobalization sof smarkets sand sproduction sand sthe sresulting sgrowth sof sworld strade,
sforeignsdirect sinvestment, sand simports sall simply sthat sfirms sare sfinding sit seasier sto sprotect
sthemselves sfrom
the sattack sof sforeign scompetitors.
