Test Bank for Introduction to Global Business: Understanding the International Environment & Global Business, 3rd Edition by Julian Gaspar Chapter 1-15 | All Chapters

TEST BANK
Introduction to Global Business: Understanding the International Environment &
Global Business,3rd Edition
by Julian Gaspar, James Kolari
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, Table of Content
Part 1. 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 2. Global Business Environment
5. The Cultural Environment
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6. The Legal and Political Environment of Global Business

7. Corruption and Ethics in Global Business
Part 3. Global Business Strategy and Organization

8. Entry Strategies in Global Business
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9. Control of Global Business

10. The Organization of Global Business
Part 4. Managing Global Business
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11. Global Human Resource Management

12. Global Marketing
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13. Global Operations and Supply-Chain Management

14. Global Financial Management
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15. Accounting and Taxation in Global Business
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, Franklyn A Plus Pass



Chapter 1: The Rise of Globalization

TRUE/FALSE

1. With business becoming increasingly global, its success, fortunately, depends only on the domestic
environment.

ACCURATE ANSWER: F PTS: 1 DIF: Difficulty: Moderate REF: p. 4 OBJ:
LO: 01-01 NAT: BUSPROG: Analytic

STA: DISC: Environmental Influence KEY: Bloom's: Comprehension
TU
2. Even though business is global, the credit crisis of 2008, started by an American investment bank, was
limited to the American economy with fortunately no impact on the global economy.

ACCURATE ANSWER: F PTS: 1 DIF: Difficulty: Challenging REF: p. 3 OBJ:
TO
LO: 01-01 NAT: BUSPROG: Analytic

STA: DISC: Environmental Influence KEY: Bloom's: Analysis



3. Key aspects of globalization include the elimination of barriers to trade and information technology.
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ACCURATE ANSWER: T PTS: 1 DIF: Difficulty: Moderate REF: p. 5 OBJ:
LO: 01-01 NAT: BUSPROG: Analytic
G
STA: DISC: Environmental Influence KEY: Bloom's: Analysis
U
Fr




4. So far globalization has made it possible for goods, services, and capital, to cross national borders but
not technology and culture.
an



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ACCURATE ANSWER: F PTS: 1 DIF: Difficulty: Moderate REF: p. 5 OBJ:
LO: 01-01 NAT: BUSPROG: Analytic
k ly



U
STA: DISC: Environmental Influence KEY: Bloom's: Analysis
ne




5. The ―soft‖ qualities essential to globalization include openness, protectionism, accountability,
A




connectivity, democracy, and centralization.
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ACCURATE ANSWER: F PTS: 1 DIF: Difficulty: Challenging REF: p. 6 OBJ:
LO: 01-01 NAT: BUSPROG: Analytic
us




STA: DISC: Environmental Influence KEY: Bloom's: Analysis
Pa




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, Franklyn A Plus Pass



6. 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.

ACCURATE ANSWER: T PTS: 1 DIF: Difficulty: Challenging

REF: p. 9 OBJ: LO: 01-01 NAT: BUSPROG: Analytic

STA: DISC: Environmental Influence KEY: Bloom's: Analysis
TU
7. The openness and proliferation of globalization and free trade rules can best be attributed to the
interwar period between World War I and II.

ACCURATE ANSWER: F PTS: 1 DIF: Difficulty: Challenging REF: p. 10 OBJ:
LO: 01-02 NAT: BUSPROG: Analytic

STA: DISC: Environmental Influence KEY: Bloom's: Analysis
TO

8. 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
R
gains from trade.

ACCURATE ANSWER: T PTS: 1 DIF: Difficulty: Challenging
G
REF: p. 12 OBJ: LO: 01-02 NAT: BUSPROG: Analytic

STA: DISC: Environmental Influence KEY: Bloom's: Evaluation
U
Fr
an




9. For World Trade Organization, increasing trade barriers has been one of the most simplistic ways to
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encourage trade and globalization.
k




ACCURATE ANSWER: F PTS: 1 DIF: Difficulty: Moderate REF: p. 13 OBJ:
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U
LO: 01-02 NAT: BUSPROG: Analytic
ne




STA: DISC: Environmental Influence KEY: Bloom's: Comprehension
A




10. The foundations of the globalized business world are political—and so are the biggest threats to the
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system.
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ACCURATE ANSWER: T PTS: 1 DIF: Difficulty: Challenging REF: p. 15 OBJ:
LO: 01-03 NAT: BUSPROG: Analytic
Pa




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