TEST BANK For Global Business Today, 12th Edition By Charles Hill, Verified Chapters 1 - 17, Complete Newest Version

TEST BANK For Global Business Today,
lk lk lk lk lk lk




12th Edition By Charles Hill Chapters 1 - 17
lk lk lk lk lk lk lk lk

,Chapter One Globalization
lk lk lk




PART TWO National Differences
lk lk lk



Chapter Two National Differences in Political, Economic, and Legal Systems
lk lk lk lk lk lk lk lk lk lk



Chapter Three National Differences in Economic Development
lk lk lk lk lk lk lk



Chapter Four Differences in Culture
lk lk lk lk lk



Chapter Five Ethics, Corporate Social Responsibility, and Sustainability
lk lk lk lk lk lk lk lk




PART THREE The Global Trade and Investment Environment
lk lk lk lk lk lk lk



Chapter Six International Trade Theory
lk lk lk lk lk



Chapter Seven Government Policy and International Trade
lk lk lk lk lk lk lk



Chapter Eight Foreign Direct Investment
lk lk lk lk lk



Chapter Nine Regional Economic Integration
lk lk lk lk lk




PART FOUR The Global Monetary System
lk lk lk lk lk



Chapter Ten The Foreign Exchange Market
lk lk lk lk lk lk



Chapter Eleven The International Monetary System
lk lk lk lk lk lk




PART FIVE The Strategy of International Business
lk lk lk lk lk lk



Chapter Twelve The Strategy of International Business
lk lk lk lk lk lk lk



Chapter Thirteen Entering Developed and Emerging Markets
lk lk lk lk lk lk lk




PART SIX International Business Functions
lk lk lk lk



Chapter Fourteen Exporting, Importing, and Countertrade
lk lk lk lk lk lk



Chapter Fifteen Global Production and Supply Chain Management
lk lk lk lk lk lk lk lk



Chapter Sixteen Global Marketing and Business Analytics
lk lk lk lk lk lk lk



Chapter Seventeen Global Human Resource Management
lk lk lk lk lk lk lk

,Answers are at the end of each chapter
lk lk lk lk lk lk lk




Chapter 01 lk




lk GlobalizationTrue / kl lk




lk False Questions
lk




1. As a result of globalization, we have been moving toward a world in which national
lk lk lk lk lk lk lk lk lk lk lk lk lk lk


economiesare relatively self-contained entities.
lk kl lk lk lk




True False

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




market.True False
lk kl




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


theglobalization of markets.
lk kl lk lk




True False

4. As a result of globalization, companies rarely need to customize marketing strategies,
lk lk lk lk lk lk lk lk lk lk lk


productfeatures, and operating practices in different countries.
lk kl lk lk lk lk lk lk




True False

5. Globalization has resulted in greater uniformity replacing diversity across national
lk lk lk lk lk lk lk lk lk




lk markets.True False kl




6. As firms follow each other around the world, they bring with them many of the assets
lk lk lk lk lk lk lk lk lk lk lk lk lk lk lk


thatserved them well in other national markets. Thus, greater diversity replaces uniformity.
lk kl lk lk lk lk lk lk lk lk lk lk lk




True False

7. Substantial impediments, such as barriers to foreign direct investment, make it difficult for
lk lk lk lk lk lk lk lk lk lk lk lk


firmsto achieve the optimal dispersion of their productive activities to locations around the globe.
lk kl lk lk lk lk lk lk lk lk lk lk lk lk lk




True False

8. The World Trade Organization, the International Monetary Fund and its sister institution
lk lk lk lk lk lk lk lk lk lk lk


theWorld Bank, and the United Nations were all created by voluntary agreement between
lk kl lk lk lk lk lk lk lk lk lk lk lk lk


individual nation- states.
lk lk lk




True False

, 9. The International Monetary Fund and the World Bank were both created in 1944 by 44
lk lk lk lk lk lk lk lk lk lk lk lk lk lk


nationsthat met at Bretton Woods, New Hampshire.
lk kl lk lk lk lk lk lk




True False

10. The WTO is seen as the lender of last resort to nation-states whose economies are in
lk lk lk lk lk lk lk lk lk lk lk lk lk lk lk


turmoiland whose currencies are losing value against those of other nations.
lk kl lk lk lk lk lk lk lk lk lk lk




True False

11. The IMF is less controversial than its sister institution, the World
lk lk lk lk lk lk lk lk lk lk




lk Bank.True kl False

12. In return for loans, the IMF requires nation-states to adopt specific economic policies
lk lk lk lk lk lk lk lk lk lk lk lk


aimed atreturning their troubled economies to stability and growth.
lk lk kl lk lk lk lk lk lk lk




True False

13. Foreign direct investment (FDI) occurs when a firm invests resources in business
lk lk lk lk lk lk lk lk lk lk lk


activitiesoutside its home country.
lk kl lk lk lk




True False

14. After World War II, the advanced nations of the West committed themselves to
lk lk lk lk lk lk lk lk lk lk lk lk


increasingbarriers to the free flow of goods, services, and capital between nations.
lk kl lk lk lk lk lk lk lk lk lk lk lk




True False

15. The Uruguay Round, held under the umbrella of GATT, extended GATT to cover services as
lk lk lk lk lk lk lk lk lk lk lk lk lk lk


wellas manufactured goods.
lk kl lk lk




True False

16. The lowering of trade and investment barriers allows firms to base production at the
lk lk lk lk lk lk lk lk lk lk lk lk lk


optimallocation for that activity.
lk kl lk lk lk




True False

17. As a result of international trade, the economies of the world’s nation-states are becoming
lk lk lk lk lk lk lk lk lk lk lk lk lk


lessintertwined.
lk kl




True False

18. The globalization of markets and production and the resulting growth of world trade,
lk lk lk lk lk lk lk lk lk lk lk lk


foreigndirect investment, and imports all imply that firms are finding it easier to protect
lk kl lk lk lk lk lk lk lk lk lk lk lk lk lk


themselves from
lk lk




the attack of foreign competitors.
lk lk lk lk