C211 SECOND OA QUIZZES ACTUAL 2025/2026 QUESTIONS AND 100% CORRECT ANSWERS

C211 SECOND OA QUIZZES ACTUAL 2025/2026 QUESTIONS AND 100% CORRECT ANSWERS The term "emerging economies" has replaced the term _____. - Answer -Developing countries The gross domestic product plus the income from non-resident sources abroad gives the ____. - Answer -gross national product More than 25% of global GDP comes from _____. - Answer -BRICS countries Viewing the global economy as a pyramid, the Triad refers to _____. - Answer -North America, Western Europe, and Japan People who earn _____ a year comprise the base of the global economic pyramid. - Answer -less than $2,000 Which of the following would be an example of a top down innovation? - Answer -Lowering prices and features of existing products to meet emerging market needs Which of the following is true of the Group of 20 (G-20)? - Answer -It only has 19 member countries.Which of the following does the institution-based view of global business lay emphasis on? - Answer -Understanding the laws and values of the firm's host nation. The resource-based view of global business differs from the institutionbased view of global business in that the resource-based view _____. - Answer -focuses on the internal strengths on the firm The liability of foreignness is the inherent disadvantage faced by _____. - Answer -foreign firms in host nations due to their non-native status Which of the following is true of globalization according to the "new force" perspective? - Answer -It is a western ideology focused on exploiting and dominating the world through MNEs The concept of _____ suggests that barriers to market integration at borders are high, but not high enough to completely insulate countries from each other. - Answer -Semiglobalization The strategy of treating each country as a unique market and in total isolation is referred to as _____. - Answer -Localization MNEs from the Triad dominate the list of the 500 largest MNEs; their share has been _____. - Answer -Shrinking A conversion that determines the equivalent amount of goods and services that different currencies can buy is known as _____. - Answer - purchasing power parity Which of the following countries would be characterized as an emerging economy? - Answer -BrazilWhich of the following countries is represented in the Triad of the global economic pyramid? - Answer -Japan People who earn _____ a year comprise the base of the global economic pyramid. - Answer -less than $2,000 A _____ is defined as an innovation that is adopted first in emerging economies and then diffused around the world. - Answer -reverse innovation The _____ view suggests that the success and failure of firms are largely determined by their environments. - Answer -institution-based The _____ view of global business focuses on internal factors that can help a firm overcome its external environment. - Answer -resourcebased Which of the following is true of globalization according to the "pendulum view" perspective? - Answer -Globalization is a not a onedirectional phenomenon The concept of _____ suggests that barriers to market integration at borders are high, but not high enough to completely insulate countries from each other. - Answer -semiglobalization _____ is the strategy of treating the entire world as one market. - Answer -Standardization Protectionism is similar to mercantilism as they both advocated _____. - Answer -government involvement in international trade