Global Business Today, 12th Edition By Charles Hill TEST BANK

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 vc vc vc vc vc vc vc




Chapter 01 Globalization Tru vc vc vc




e / False Questions
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1. As a result of globalization, we have been moving toward a world in which national economies
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are relatively self-contained entities.
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True False

2. By offering the same basic product worldwide, firms help to create a global market.
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True False

3. A company has to be the size of a multinational giant to facilitate, and benefit from, the
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globalization of markets. vc vc




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.
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True False

6. As firms follow 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 firms
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to achieve the optimal dispersion of 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 n
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ation- states. vc




True False

, 9. The International Monetary Fund and the World Bank were both created in 1944 by 44 nations
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that met at Bretton Woods, New Hampshire.
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True False

10. The PWTO Pis Pseen Pas Pthe Plender Pof Plast Presort Pto Pnation-
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states Pwhose Peconomies Pare Pin PturmoilPand Pwhose Pcurrencies Pare Plosing Pvalue Pagainst Pt
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hose Pof Pother Pnations.
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True False

11. The PIMF Pis Pless Pcontroversial Pthan Pits Psister Pinstitution, Pthe
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PWorld PBank.PTrue vc False

12. In Preturn Pfor Ploans, Pthe PIMF Prequires Pnation-
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states Pto Padopt Pspecific Peconomic Ppolicies Paimed PatPreturning Ptheir Ptroubled Peconomies Pto Psta
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bility Pand Pgrowth.
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True False

13. Foreign Pdirect Pinvestment P(FDI) Poccurs Pwhen Pa Pfirm Pinvests Presources Pin Pbusiness P
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activitiesPoutside Pits Phome Pcountry. vc vc vc




True False

14. After PWorld PWar PII, Pthe Padvanced Pnations Pof Pthe PWest Pcommitted Pthemselves Pto
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PincreasingPbarriers Pto Pthe Pfree Pflow Pof Pgoods, Pservices, Pand Pcapital Pbetween Pnations. vc vc vc vc vc vc vc vc vc vc vc




True False

15. The PUruguay PRound, Pheld Punder Pthe Pumbrella Pof PGATT, Pextended PGATT Pto Pcover P
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services Pas PwellPas Pmanufactured Pgoods.
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True False

16. The Plowering Pof Ptrade Pand Pinvestment Pbarriers Pallows Pfirms Pto Pbase Pproduction Pat P
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the PoptimalPlocation Pfor Pthat Pactivity.
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True False

17. As Pa Presult Pof Pinternational Ptrade, Pthe Peconomies Pof Pthe Pworld’s Pnation-
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states Pare Pbecoming PlessPintertwined.
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True False

18. The Pglobalization Pof Pmarkets Pand Pproduction Pand Pthe Presulting Pgrowth Pof Pworld
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Ptrade, PforeignPdirect Pinvestment, Pand Pimports Pall Pimply Pthat Pfirms Pare Pfinding Pit Peasier Pto P
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protect Pthemselves Pfrom vc vc




the Pattack Pof Pforeign Pcompetitors.
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