TEST BANK –INTRODUCTION TO GLOBAL BUSINESS
UNDERSTANDING THE INTERNATIONAL ENVT AND GLOBAL
BUSINESS FUNCTIONS 2ND 2E 2025 A+
,Name: Class: Date:
Chapter 01: The Rise of Globalization
TABLE OF CONTENTS
Part I: FOUNDATIONS OF GLOBAL BUSINESS
1. The Rise of Globalization.
2. The Evolution of International Business.
3. Regional Economic Integration.
4. The International Flow of Funds and Exchange Rates.
Part II: GLOBAL BUSINESS ENVIRONMENT.
5. The Cultural Environment of Global Business.
6. The Legal, Economic and Political Environment of Global Business.
7. Corruption and Ethics in Global Business.
Part III: GLOBAL BUSINESS STRATEGY AND ORGANIZATION.
8. Entry Strategies in Global Business.
9. Control of Global Business.
10. The Organization of Global Business.
Part IV: MANAGING GLOBAL BUSINESS.
11. Global Human Resource Management.
12. Global Marketing.
13. Global Operations and Supply-Chain Management.
14. Global Financial Management.
15. Global Accounting and Taxation.
Copyright Cengage Learning. Powered by Cognero. Page 1
,Name: Class: Date:
Chapter 01: The Rise of Globalization
1. With Business Becoming Increasingly Global, Its Success, Fortunately, Depends Only On The Domestic Environment.
a. True
b. False
ANS: False
2. Key Aspects Of Globalization Include The Elimination Of Barriers To Trade And Information Technology.
a. True
b. False
ANS: True
3. The World Economy Is Quickly Shifting Away From Countries With Emerging Economies.
a. True
b. False
ANS: False
4. The “Soft” Qualities Essential To Globalization Include Openness, Protectionism, Accountability, Connectivity,
Democracy, And Centralization.
a. True
b. False
ANS: False
5. A Sustainable Decoupling Process Would Eventually Lead To A Multi-Polar World*A World Economy In Which The
Engines Of Growth Could Comprise The United States, The European Union, China, India, Brazil, Russia, And South
Africa Rather Than The United States Alone.
a. True
b. False
ANS: True
6. The Openness And Proliferation Of Globalization And Free Trade Rules Can Best Be Attributed To The Interwar
Period Between World War I And II.
a. True
b. False
ANS: False
Copyright Cengage Learning. Powered by Cognero. Page 2
, Name: Class: Date:
Chapter 01: The Rise of Globalization
7. As Part Of The World Bank’s Strategic Framework, There Are Five Focus Areas That Accommodate And Facilitate
The Globalization Process Including Its Analytical And Advisory Role Supporting National Policies To Strengthen Free
Market Institutions And Infrastructure That Has Provided The Potential For Creating Large Gains From Trade.
a. True
b. False
ANS: True
8. For The World Trade Organization, Increasing Trade Barriers Has Been One Of The Most Simple Ways To Encourage
Trade And Globalization.
a. True
b. False
ANS: False
9. The Foundations Of The Globalized Business World Are Political*And So Are The Biggest Threats To The System.
a. True
b. False
ANS: True
10. Countries That Have Successfully Adapted To Globalization Realize That They Cannot Succeed Without High-
Quality Government Management At Home.
a. True
b. False
ANS: True
11. In Communist And State-Controlled Economies Like Those In Central Asia Property Rights Either Do Not Exist Or
Are Not Well Defined Which Discourages Domestic And Foreign Investors From Making Long-Term Commitments In
These Countries.
a. True
b. False
ANS: True
12. Globalized Economies Like New Zealand And Singapore Rank At The Top In Index For Absence Of Corruption By
Transparency International.
a. True
b. False
ANS: True
Copyright Cengage Learning. Powered by Cognero. Page 3
UNDERSTANDING THE INTERNATIONAL ENVT AND GLOBAL
BUSINESS FUNCTIONS 2ND 2E 2025 A+
,Name: Class: Date:
Chapter 01: The Rise of Globalization
TABLE OF CONTENTS
Part I: FOUNDATIONS OF GLOBAL BUSINESS
1. The Rise of Globalization.
2. The Evolution of International Business.
3. Regional Economic Integration.
4. The International Flow of Funds and Exchange Rates.
Part II: GLOBAL BUSINESS ENVIRONMENT.
5. The Cultural Environment of Global Business.
6. The Legal, Economic and Political Environment of Global Business.
7. Corruption and Ethics in Global Business.
Part III: GLOBAL BUSINESS STRATEGY AND ORGANIZATION.
8. Entry Strategies in Global Business.
9. Control of Global Business.
10. The Organization of Global Business.
Part IV: MANAGING GLOBAL BUSINESS.
11. Global Human Resource Management.
12. Global Marketing.
13. Global Operations and Supply-Chain Management.
14. Global Financial Management.
15. Global Accounting and Taxation.
Copyright Cengage Learning. Powered by Cognero. Page 1
,Name: Class: Date:
Chapter 01: The Rise of Globalization
1. With Business Becoming Increasingly Global, Its Success, Fortunately, Depends Only On The Domestic Environment.
a. True
b. False
ANS: False
2. Key Aspects Of Globalization Include The Elimination Of Barriers To Trade And Information Technology.
a. True
b. False
ANS: True
3. The World Economy Is Quickly Shifting Away From Countries With Emerging Economies.
a. True
b. False
ANS: False
4. The “Soft” Qualities Essential To Globalization Include Openness, Protectionism, Accountability, Connectivity,
Democracy, And Centralization.
a. True
b. False
ANS: False
5. A Sustainable Decoupling Process Would Eventually Lead To A Multi-Polar World*A World Economy In Which The
Engines Of Growth Could Comprise The United States, The European Union, China, India, Brazil, Russia, And South
Africa Rather Than The United States Alone.
a. True
b. False
ANS: True
6. The Openness And Proliferation Of Globalization And Free Trade Rules Can Best Be Attributed To The Interwar
Period Between World War I And II.
a. True
b. False
ANS: False
Copyright Cengage Learning. Powered by Cognero. Page 2
, Name: Class: Date:
Chapter 01: The Rise of Globalization
7. As Part Of The World Bank’s Strategic Framework, There Are Five Focus Areas That Accommodate And Facilitate
The Globalization Process Including Its Analytical And Advisory Role Supporting National Policies To Strengthen Free
Market Institutions And Infrastructure That Has Provided The Potential For Creating Large Gains From Trade.
a. True
b. False
ANS: True
8. For The World Trade Organization, Increasing Trade Barriers Has Been One Of The Most Simple Ways To Encourage
Trade And Globalization.
a. True
b. False
ANS: False
9. The Foundations Of The Globalized Business World Are Political*And So Are The Biggest Threats To The System.
a. True
b. False
ANS: True
10. Countries That Have Successfully Adapted To Globalization Realize That They Cannot Succeed Without High-
Quality Government Management At Home.
a. True
b. False
ANS: True
11. In Communist And State-Controlled Economies Like Those In Central Asia Property Rights Either Do Not Exist Or
Are Not Well Defined Which Discourages Domestic And Foreign Investors From Making Long-Term Commitments In
These Countries.
a. True
b. False
ANS: True
12. Globalized Economies Like New Zealand And Singapore Rank At The Top In Index For Absence Of Corruption By
Transparency International.
a. True
b. False
ANS: True
Copyright Cengage Learning. Powered by Cognero. Page 3
