C211 Second OA 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. 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