Global Business Study plan Test Bank Solution Manual Already Passed

Global Business Study plan Test Bank Solution Manual Already Passed A born global firm, a company that adopts a global perspective and engages in international business from inception, does NOT ________. - Answers wait at least a year before exporting products and expanding operations globally When IBM USA sources computer materials from different locations around the world to reduce the cost of production, this is called ________. - Answers Globalization of production Which one of following options helps companies reduce costs when they sell consumer goods globally? - Answers Standardizing certain marketing activities Global products and global competition characterize many industries and markets, including all of the following EXCEPT ________. - Answers environmentally harmful products Companies that sell global products can reduce costs by ________. - Answers standardizing certain marketing activities Which of the following is NOT a benefit that companies obtain from the globalization of production? - Answers High-cost labor Which one of these factors is a key driving force for globalization of market and production? - Answers Falling barriers to trade and investment and technological innovation GATT _______________, which led to the creation of the WTO? - Answers lacked the power to enforce world trade rules What forces underlie the globalization of markets and production? - Answers Falling barriers to trade and investment and technological innovation Which of the following is a treaty designed to promote free trade by reducing tariffs and nontariff barriers to international trade? - Answers General Agreement on Tariffs and Trade (GATT) Innovations that have had a considerable impact on globalization include all of the following EXCEPT ________. - Answers Innovations that have had a considerable impact on globalization include all of the following EXCEPT ________. Innovation in the shipping industry is helping globalize markets and production by ________. - Answers making shipping more efficient and dependable Which one of the following is the main issue raised by critics of globalization? - Answers It eliminates jobs and lowers wages in developed nations.It Which one of the following is claimed by supporters of globalization? - Answers Openness of international trade increases production, wealth, and efficiency. Arguments in favor of globalization state that ________. - Answers globalization increases wealth and efficiency in both developed and developing nations Arguments against globalization state that ________. - Answers openness to international trade raises per capita income by passing savings on to consumers Some allege that, when a manufacturing job is lost in a wealthy nation, the new job pays less than the previous one. As a result those opposed to globalization say this decreases all of the following EXCEPT ________. - Answers fearf India became attractive as a location for software-writing operations because of its low-cost, well-trained, English-speaking technicians. What is this an example of? - Answers Globalization advancing developing nations' economies Globalization supporters argue that developing countries can boost incomes for its poorest citizens and reduce income inequality by ________. - Answers integrating into the global economy Opponents of globalization argue that freer trade and companies' continuous tendency to reduce costs has led companies to move into lower wage cost locations. This has resulted in ________. - Answers an increase in the wage gap between white-collar and blue-collar occupations in rich nations The main aspects of the debate about inequality include all EXCEPT ________. - Answers gender inequality Which of the following statements supports the opponents of globalization's viewpoint on its effect on income? Globalization increases income inequality among people within nations - Answers Freer trade and investment allows international companies to close factories in high-wage, developed nations and cause income inequality If we compare average incomes in high-income countries with average incomes in middle- and low-income nations, we find a ________ gap. - Answers widening Home to 13 percent of the world's population, Africa accounts for ________ percent of world GDP. - Answers 3% A nation's ability to enter into binding international agreements is referred to as having ________. - Answers national sovereignty Critics of the WTO and the IMF role believe that these global organizations' policies cause the erosion of ________. - Answers the ability of governments to have control over their own economics and societies It is evident that most multinational firms support environmental laws that are practical for which of the following reasons? - Answers Companies recognize that healthy future markets require a sustainable approach to the business expansion for future local market for their goods and services. Globalization supporters argue that the people of many nations have become more educated, better informed, and more empowered. Supporters say globalization has been instrumental in spreading ________. - Answers democracy International firm management is vastly different from the management of a purely domestic business because _________________. - Answers companies must abide by the rules in every market in which they choose to operate Which one of the following best defines culture? - Answers The set of values, beliefs, and rules of society Imagine you work for a U.S. company that sells its products to China, which the company considers one of its important growing markets. Which one of the following would be the most successful approach to increase sales? - Answers Ensure product packaging, design, and advertising appeal to the different ethnic groups in China When doing business in a foreign country, companies need to know about all of the following EXCEPT ________. - Answers the number of Internet connections In national business environments, ________ plays a pivotal role in all international commercial activity. - Answers culture Which of the following is the belief that one's own ethnic group or culture is superior to that of others? - Answers Ethnocentricity It is important to recognize subcultures ________. - Answers because cultural boundaries do not always correspond to political boundaries What are the ideas, beliefs, and customs to which people are emotionally attached? - Answers Values A westerner says, "I do not like the Japanese purifications ritual because it involves being naked in a communal bath." The westerner quoted here might value modesty and hold conservative beliefs regarding exposure of the body. The westerner in this case would be communicating ________. - Answers Attitudes Cultures differ in their legal and ethical rules against giving or accepting bribes. Which is this an example of? - Answers A custom When meeting colleagues from Asia, managers should ________. - Answers look people in the eye briefly Which of the following statements about values is FALSE? - Answers Values are the same as