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 da dresult dof dglobalization, dcompanies drarely dneed dto dcustomize dmarketing
dstrategies, dproductdfeatures, dand doperating dpractices din ddifferent dcountries.
True False
5. Globalization dhas dresulted din dgreater duniformity dreplacing ddiversity dacross dnational
dmarkets.dTrue False
6. As dfirms dfollow deach dother daround dthe dworld, dthey dbring dwith dthem dmany dof dthe
dassets dthatdserved dthem dwell din dother dnational dmarkets. dThus, dgreater ddiversity dreplaces
duniformity.
True False
7. Substantial dimpediments, dsuch das dbarriers dto dforeign ddirect dinvestment, dmake dit ddifficult
dfor dfirmsdto dachieve dthe doptimal ddispersion dof dtheir dproductive dactivities dto dlocations daround
dthe dglobe.
True False
8. The dWorld dTrade dOrganization, dthe dInternational dMonetary dFund dand dits dsister
dinstitution dthedWorld dBank, dand dthe dUnited dNations dwere dall dcreated dby dvoluntary
dagreement dbetween dindividual dnation- dstates.
True False
, 9. The dInternational dMonetary dFund dand dthe dWorld dBank dwere dboth dcreated din d1944 dby
d44 dnationsdthat dmet dat dBretton dWoods, dNew dHampshire.
True False
10. The dWTO dis dseen das dthe dlender dof dlast dresort dto dnation-states dwhose deconomies
dare din dturmoildand dwhose dcurrencies dare dlosing dvalue dagainst dthose dof dother dnations.
True False
11. The dIMF dis dless dcontroversial dthan dits dsister dinstitution, dthe
dWorld dBank.dTrue False
12. In dreturn dfor dloans, dthe dIMF drequires dnation-states dto dadopt dspecific deconomic
dpolicies daimed datdreturning dtheir dtroubled deconomies dto dstability dand dgrowth.
True False
13. Foreign ddirect dinvestment d(FDI) doccurs dwhen da dfirm dinvests dresources din dbusiness
dactivitiesdoutside dits dhome dcountry.
True False
14. After dWorld dWar dII, dthe dadvanced dnations dof dthe dWest dcommitted dthemselves dto
dincreasingdbarriers dto dthe dfree dflow dof dgoods, dservices, dand dcapital dbetween dnations.
True False
15. The dUruguay dRound, dheld dunder dthe dumbrella dof dGATT, dextended dGATT dto dcover
dservices das dwelldas dmanufactured dgoods.
True False
16. The dlowering dof dtrade dand dinvestment dbarriers dallows dfirms dto dbase dproduction dat
dthe doptimaldlocation dfor dthat dactivity.
True False
17. As da dresult dof dinternational dtrade, dthe deconomies dof dthe dworld’s dnation-states dare
dbecoming dlessdintertwined.
True False
18. The dglobalization dof dmarkets dand dproduction dand dthe dresulting dgrowth dof dworld
dtrade, dforeignddirect dinvestment, dand dimports dall dimply dthat dfirms dare dfinding dit deasier dto
dprotect dthemselves dfrom
the dattack dof dforeign dcompetitors.
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 da dresult dof dglobalization, dcompanies drarely dneed dto dcustomize dmarketing
dstrategies, dproductdfeatures, dand doperating dpractices din ddifferent dcountries.
True False
5. Globalization dhas dresulted din dgreater duniformity dreplacing ddiversity dacross dnational
dmarkets.dTrue False
6. As dfirms dfollow deach dother daround dthe dworld, dthey dbring dwith dthem dmany dof dthe
dassets dthatdserved dthem dwell din dother dnational dmarkets. dThus, dgreater ddiversity dreplaces
duniformity.
True False
7. Substantial dimpediments, dsuch das dbarriers dto dforeign ddirect dinvestment, dmake dit ddifficult
dfor dfirmsdto dachieve dthe doptimal ddispersion dof dtheir dproductive dactivities dto dlocations daround
dthe dglobe.
True False
8. The dWorld dTrade dOrganization, dthe dInternational dMonetary dFund dand dits dsister
dinstitution dthedWorld dBank, dand dthe dUnited dNations dwere dall dcreated dby dvoluntary
dagreement dbetween dindividual dnation- dstates.
True False
, 9. The dInternational dMonetary dFund dand dthe dWorld dBank dwere dboth dcreated din d1944 dby
d44 dnationsdthat dmet dat dBretton dWoods, dNew dHampshire.
True False
10. The dWTO dis dseen das dthe dlender dof dlast dresort dto dnation-states dwhose deconomies
dare din dturmoildand dwhose dcurrencies dare dlosing dvalue dagainst dthose dof dother dnations.
True False
11. The dIMF dis dless dcontroversial dthan dits dsister dinstitution, dthe
dWorld dBank.dTrue False
12. In dreturn dfor dloans, dthe dIMF drequires dnation-states dto dadopt dspecific deconomic
dpolicies daimed datdreturning dtheir dtroubled deconomies dto dstability dand dgrowth.
True False
13. Foreign ddirect dinvestment d(FDI) doccurs dwhen da dfirm dinvests dresources din dbusiness
dactivitiesdoutside dits dhome dcountry.
True False
14. After dWorld dWar dII, dthe dadvanced dnations dof dthe dWest dcommitted dthemselves dto
dincreasingdbarriers dto dthe dfree dflow dof dgoods, dservices, dand dcapital dbetween dnations.
True False
15. The dUruguay dRound, dheld dunder dthe dumbrella dof dGATT, dextended dGATT dto dcover
dservices das dwelldas dmanufactured dgoods.
True False
16. The dlowering dof dtrade dand dinvestment dbarriers dallows dfirms dto dbase dproduction dat
dthe doptimaldlocation dfor dthat dactivity.
True False
17. As da dresult dof dinternational dtrade, dthe deconomies dof dthe dworld’s dnation-states dare
dbecoming dlessdintertwined.
True False
18. The dglobalization dof dmarkets dand dproduction dand dthe dresulting dgrowth dof dworld
dtrade, dforeignddirect dinvestment, dand dimports dall dimply dthat dfirms dare dfinding dit deasier dto
dprotect dthemselves dfrom
the dattack dof dforeign dcompetitors.
