Test Bank For
International Business,
by Shad Morris, James Oldroyd
3rd Edition
,Chapter 01: Globalization
Multiple Choice
1. Borivia Is A Country In Eastern Europe That Was Ruled By Auleria, A Country In Western Europe,
For Over A Century. It Gained Independence From Auleria In 1923. Now, Borivia Has Its Own
Government. Given This Information, It Can Be Said That Borivia Is A(N) .
A. Monopoly
B. Monarchy
C. Sovereign Nation
D. Emerging Market
Answer: C
Learning Objective: 1.1 Difficulty: Medium AACSB: Analytic
Bloom’s Taxonomy: Application
2. Dasom Inc., A South Korean Smartphone Manufacturer, Sells Its Smartphones In 64 Countries
Around The World And Has Offices In 36 Counties. Dasom’s Business Expansion Best Exemplifies .
A. Globalization
B. Nationalization
C. Subsidization
D. Commodification
Answer: A
Learning Objective: 1.1 Difficulty: Medium AACSB: Analytic
Bloom’s Taxonomy: Application
,3. In 1995, The Government Of Duyat, A Country In Asia, Began Major Economic Reforms That
Allowed Free Trade Relations With Other Countries. Duyat Started Exporting Iron Ore And Limestone To
Other Countries Around The World. Its Domestic Market Strengthened, And It Experienced An Economic
Boost. This Scenario Best Exemplifies .
A. Nationalization
B. Subsidization
C. Commodification
D. Globalization
Answer: D
Learning Objective: 1.1 Difficulty: Medium AACSB: Analytic
Bloom’s Taxonomy: Application
4. The Commerce Coalition (CC) Is An Intergovernmental Organization Operating In South Asia That
Consists Of Seven Member Nations. The CC Was Established To Enable Free Trade Across These Seven
Countries Of South Asia. A Citizen Of Any Of The Member Nations Can Easily Purchase Goods Produced
In Another Member Nation Without Paying Additional Taxes. Given This Information, It Can Be Said That
The Large Market Created By The CC Is An Example Of A(N) .
A. Monopolistic Market
B. Globalized Market
C. Oligopolistic Market
D. Gray Market
Answer: B
Learning Objective: 1.1 Difficulty: Medium AACSB: Analytic
Bloom’s Taxonomy: Application
, 5. Spain And Italy Are Both Members Of The European Union. Nayeli, A Spaniard, Is Able To
Purchase Italian-Made Bags From A Handbag Store In Spain Without Paying Additional Taxes. The
Market Created By The European Union Is A(N) .
A. Monopolistic Market
B. Oligopolistic Market
C. Gray Market
D. Globalized Market
Answer: D
Learning Objective: 1.1 Difficulty: Medium AACSB: Analytic
Bloom’s Taxonomy: Application
6. Which Of The Following Is True Of Globalization?
A. It Makes It Difficult To Buy And Sell Internationally.
B. It Increases Socioeconomic Equality In Emerging Markets.
C. It Makes It Difficult For Employers To Move Jobs To Cheaper Locations.
D. It Builds On The Principle Of Sovereignty To Strengthen The Relationships That Connect Us.
Answer: D
Learning Objective: 1.1 Difficulty: Easy
AACSB: Reflective Thinking Bloom’s Taxonomy: Comprehension
7. Which Of The Following Best Illustrates Global Convergence?
A. Sylvester Inc., An American Car-Manufacturing Company, Uses The Japanese Business
Philosophy Of Kaizen.
B. Hexagon Corp., A Steel Company In The United States, Has Many Plants In Different Parts Of The
Country.
International Business,
by Shad Morris, James Oldroyd
3rd Edition
,Chapter 01: Globalization
Multiple Choice
1. Borivia Is A Country In Eastern Europe That Was Ruled By Auleria, A Country In Western Europe,
For Over A Century. It Gained Independence From Auleria In 1923. Now, Borivia Has Its Own
Government. Given This Information, It Can Be Said That Borivia Is A(N) .
A. Monopoly
B. Monarchy
C. Sovereign Nation
D. Emerging Market
Answer: C
Learning Objective: 1.1 Difficulty: Medium AACSB: Analytic
Bloom’s Taxonomy: Application
2. Dasom Inc., A South Korean Smartphone Manufacturer, Sells Its Smartphones In 64 Countries
Around The World And Has Offices In 36 Counties. Dasom’s Business Expansion Best Exemplifies .
A. Globalization
B. Nationalization
C. Subsidization
D. Commodification
Answer: A
Learning Objective: 1.1 Difficulty: Medium AACSB: Analytic
Bloom’s Taxonomy: Application
,3. In 1995, The Government Of Duyat, A Country In Asia, Began Major Economic Reforms That
Allowed Free Trade Relations With Other Countries. Duyat Started Exporting Iron Ore And Limestone To
Other Countries Around The World. Its Domestic Market Strengthened, And It Experienced An Economic
Boost. This Scenario Best Exemplifies .
A. Nationalization
B. Subsidization
C. Commodification
D. Globalization
Answer: D
Learning Objective: 1.1 Difficulty: Medium AACSB: Analytic
Bloom’s Taxonomy: Application
4. The Commerce Coalition (CC) Is An Intergovernmental Organization Operating In South Asia That
Consists Of Seven Member Nations. The CC Was Established To Enable Free Trade Across These Seven
Countries Of South Asia. A Citizen Of Any Of The Member Nations Can Easily Purchase Goods Produced
In Another Member Nation Without Paying Additional Taxes. Given This Information, It Can Be Said That
The Large Market Created By The CC Is An Example Of A(N) .
A. Monopolistic Market
B. Globalized Market
C. Oligopolistic Market
D. Gray Market
Answer: B
Learning Objective: 1.1 Difficulty: Medium AACSB: Analytic
Bloom’s Taxonomy: Application
, 5. Spain And Italy Are Both Members Of The European Union. Nayeli, A Spaniard, Is Able To
Purchase Italian-Made Bags From A Handbag Store In Spain Without Paying Additional Taxes. The
Market Created By The European Union Is A(N) .
A. Monopolistic Market
B. Oligopolistic Market
C. Gray Market
D. Globalized Market
Answer: D
Learning Objective: 1.1 Difficulty: Medium AACSB: Analytic
Bloom’s Taxonomy: Application
6. Which Of The Following Is True Of Globalization?
A. It Makes It Difficult To Buy And Sell Internationally.
B. It Increases Socioeconomic Equality In Emerging Markets.
C. It Makes It Difficult For Employers To Move Jobs To Cheaper Locations.
D. It Builds On The Principle Of Sovereignty To Strengthen The Relationships That Connect Us.
Answer: D
Learning Objective: 1.1 Difficulty: Easy
AACSB: Reflective Thinking Bloom’s Taxonomy: Comprehension
7. Which Of The Following Best Illustrates Global Convergence?
A. Sylvester Inc., An American Car-Manufacturing Company, Uses The Japanese Business
Philosophy Of Kaizen.
B. Hexagon Corp., A Steel Company In The United States, Has Many Plants In Different Parts Of The
Country.
