1
C211 Second OA quizzes Questions
with 100% Correct Answers
The term "emerging economies" has replaced the term _____. Correct Answer:
Developing countries
The gross domestic product plus the income from non-resident sources abroad
gives the ____. Correct Answer: gross national product
More than 25% of global GDP comes from _____. Correct Answer: BRICS
countries
Viewing the global economy as a pyramid, the Triad refers to _____. Correct
Answer: North America, Western Europe, and Japan
People who earn _____ a year comprise the base of the global economic
pyramid. Correct Answer: less than $2,000
Which of the following would be an example of a top down innovation? Correct
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)? Correct Answer: It only
has 19 member countries.
Which of the following does the institution-based view of global business lay
emphasis on? Correct Answer: Understanding the laws and values of the firm's
host nation.
:
vPretest - Stuvia US
,2
The resource-based view of global business differs from the institution-based
view of global business in that the resource-based view _____. Correct Answer:
focuses on the internal strengths on the firm
The liability of foreignness is the inherent disadvantage faced by _____. Correct
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? Correct 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.
Correct Answer: Semiglobalization
The strategy of treating each country as a unique market and in total isolation is
referred to as _____. Correct Answer: Localization
MNEs from the Triad dominate the list of the 500 largest MNEs; their share has
been _____. Correct Answer: Shrinking
A conversion that determines the equivalent amount of goods and services that
different currencies can buy is known as _____. Correct Answer: purchasing
power parity
Which of the following countries would be characterized as an emerging
economy? Correct Answer: Brazil
Which of the following countries is represented in the Triad of the global
economic pyramid? Correct Answer: Japan
:
vPretest - Stuvia US
, 3
People who earn _____ a year comprise the base of the global economic
pyramid. Correct Answer: less than $2,000
A _____ is defined as an innovation that is adopted first in emerging economies
and then diffused around the world. Correct Answer: reverse innovation
The _____ view suggests that the success and failure of firms are largely
determined by their environments. Correct Answer: institution-based
The _____ view of global business focuses on internal factors that can help a firm
overcome its external environment. Correct Answer: resource-based
Which of the following is true of globalization according to the "pendulum view"
perspective? Correct Answer: Globalization is a not a one-directional
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.
Correct Answer: semiglobalization
_____ is the strategy of treating the entire world as one market. Correct Answer:
Standardization
Protectionism is similar to mercantilism as they both advocated _____. Correct
Answer: government involvement in international trade
The _____ principle advocated that governments should actively protect
domestic industries from imports and vigorously promote exports. Correct
Answer: Protectionism
:
vPretest - Stuvia US
C211 Second OA quizzes Questions
with 100% Correct Answers
The term "emerging economies" has replaced the term _____. Correct Answer:
Developing countries
The gross domestic product plus the income from non-resident sources abroad
gives the ____. Correct Answer: gross national product
More than 25% of global GDP comes from _____. Correct Answer: BRICS
countries
Viewing the global economy as a pyramid, the Triad refers to _____. Correct
Answer: North America, Western Europe, and Japan
People who earn _____ a year comprise the base of the global economic
pyramid. Correct Answer: less than $2,000
Which of the following would be an example of a top down innovation? Correct
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)? Correct Answer: It only
has 19 member countries.
Which of the following does the institution-based view of global business lay
emphasis on? Correct Answer: Understanding the laws and values of the firm's
host nation.
:
vPretest - Stuvia US
,2
The resource-based view of global business differs from the institution-based
view of global business in that the resource-based view _____. Correct Answer:
focuses on the internal strengths on the firm
The liability of foreignness is the inherent disadvantage faced by _____. Correct
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? Correct 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.
Correct Answer: Semiglobalization
The strategy of treating each country as a unique market and in total isolation is
referred to as _____. Correct Answer: Localization
MNEs from the Triad dominate the list of the 500 largest MNEs; their share has
been _____. Correct Answer: Shrinking
A conversion that determines the equivalent amount of goods and services that
different currencies can buy is known as _____. Correct Answer: purchasing
power parity
Which of the following countries would be characterized as an emerging
economy? Correct Answer: Brazil
Which of the following countries is represented in the Triad of the global
economic pyramid? Correct Answer: Japan
:
vPretest - Stuvia US
, 3
People who earn _____ a year comprise the base of the global economic
pyramid. Correct Answer: less than $2,000
A _____ is defined as an innovation that is adopted first in emerging economies
and then diffused around the world. Correct Answer: reverse innovation
The _____ view suggests that the success and failure of firms are largely
determined by their environments. Correct Answer: institution-based
The _____ view of global business focuses on internal factors that can help a firm
overcome its external environment. Correct Answer: resource-based
Which of the following is true of globalization according to the "pendulum view"
perspective? Correct Answer: Globalization is a not a one-directional
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.
Correct Answer: semiglobalization
_____ is the strategy of treating the entire world as one market. Correct Answer:
Standardization
Protectionism is similar to mercantilism as they both advocated _____. Correct
Answer: government involvement in international trade
The _____ principle advocated that governments should actively protect
domestic industries from imports and vigorously promote exports. Correct
Answer: Protectionism
:
vPretest - Stuvia US
