TEST BANK- Global Business 5th Edition BY Mike W. Peng (2022), ISBN-/ All chapters 1-17/Complete Guide

TEST BANK- Global Business, 5th Edition Mike W. Peng Chapter1-17 Chapter 1 1. A multinational enterprise is a firm that engages in foreign direct investment by directly investing in, controlling, and managing value-added activities in other countries. a. True b. False ANSWER: True POINTS: 1 DIFFICULTY: Difficulty: Easy REFERENCES: International Business and Global Business QUESTION TYPE: True / False HAS VARIABLES: False LEARNING OBJECTIVES: GLOB.PENG.05.01-01 - LO: 01-01 NATIONAL STANDARDS: United States - BUSPROG: Analytic STATE STANDARDS: United States - AK - DISC: Creation of Value KEYWORDS: Bloom's: Remember DATE CREATED: 11/12/2021 2:54 PM DATE MODIFIED: 3/5/2022 11:24 AM 2. The term ―emerging markets‖ refers to the fastest-growing developing economies. a. True b. False ANSWER: True POINTS: 1 DIFFICULTY: Difficulty: Easy REFERENCES: Globalization and Semiglobalization QUESTION TYPE: True / False HAS VARIABLES: False LEARNING OBJECTIVES: GLOB.PENG.05.01-04 - LO: 01-04 NATIONAL STANDARDS: United States - BUSPROG: Analytic STATE STANDARDS: United States - AK - DISC: Strategy KEYWORDS: Bloom's: Remember DATE CREATED: 11/12/2021 2:54 PM DATE MODIFIED: 3/5/2022 11:24 AM 3. Gross domestic product (GDP) is the sum of value added by resident firms, households, and governments operating in an economy. a. True b. False ANSWER: True POINTS: 1 DIFFICULTY: Difficulty: Moderate REFERENCES: Global Business and Globalization at a Crossroads QUESTION TYPE: True / False HAS VARIABLES: False LEARNING OBJECTIVES: GLOB.PENG.05.01-05 - LO: 01-05 NATIONAL STANDARDS: United States - BUSPROG: Analytic STATE STANDARDS: United States - AK - DISC: Environmental Influence KEYWORDS: Bloom's: Remember DATE CREATED: 11/12/2021 2:54 PM DATE MODIFIED: 3/5/2022 11:24 AM 4. The majority of the global GDP is contributed by the emerging markets. a. True b. False ANSWER: False POINTS: 1 DIFFICULTY: Difficulty: Moderate REFERENCES: Global Business and Globalization at a Crossroads QUESTION TYPE: True / False HAS VARIABLES: False LEARNING OBJECTIVES: GLOB.PENG.05.01-05 - LO: 01-05 NATIONAL STANDARDS: United States - BUSPROG: Analytic STATE STANDARDS: United States - AK - DISC: Environmental Influence KEYWORDS: Bloom's: Remember DATE CREATED: 11/12/2021 2:54 PM DATE MODIFIED: 3/5/2022 11:24 AM 5. Purchasing power parity (PPP) is a conversion that determines the equivalent amount of goods and services different currencies can purchase. a. True b. False ANSWER: True POINTS: 1 DIFFICULTY: Difficulty: Easy REFERENCES: Global Business and Globalization at a Crossroads QUESTION TYPE: True / False HAS VARIABLES: False LEARNING OBJECTIVES: GLOB.PENG.05.01-05 - LO: 01-05 NATIONAL STANDARDS: United States - BUSPROG: Analytic STATE STANDARDS: United States - AK - DISC: Environmental Influence KEYWORDS: Bloom's: Remember DATE CREATED: 11/12/2021 2:54 PM DATE MODIFIED: 3/5/2022 11:24 AM 6. Purchasing power parity (PPP) is calculated as the sum of value added by resident firms, households, and governments operating in an economy. a. True b. False ANSWER: False POINTS: 1 DIFFICULTY: Difficulty: Easy REFERENCES: Global Business and Globalization at a Crossroads QUESTION TYPE: True / False HAS VARIABLES: False LEARNING OBJECTIVES: GLOB.PENG.05.01-05 - LO: 01-05 NATIONAL STANDARDS: United States - BUSPROG: Analytic STATE STANDARDS: United States - AK - DISC: Environmental Influence KEYWORDS: Bloom's: Remember DATE CREATED: 11/12/2021 2:54 PM DATE MODIFIED: 3/5/2022 11:24 AM 7. Global business includes both international and domestic business activities. a. True b. False ANSWER: True POINTS: 1 DIFFICULTY: Difficulty: Easy REFERENCES: International Business and Global Business QUESTION TYPE: True / False HAS VARIABLES: False LEARNING OBJECTIVES: GLOB.PENG.05.01-01 - LO: 01-01 NATIONAL STANDARDS: United States - BUSPROG: Analytic STATE STANDARDS: United States - AK - DISC: Environmental Influence KEYWORDS: Bloom's: Remember DATE CREATED: 11/12/2021 2:54 PM DATE MODIFIED: 3/5/2022 11:24 AM 8. International business can be defined as the investment in, controlling, and managing value-added activities in other countries. a. True b. False ANSWER: False POINTS: 1 DIFFICULTY: Difficulty: Easy REFERENCES: International Business and Global Business QUESTION TYPE: True / False HAS VARIABLES: False LEARNING OBJECTIVES: GLOB.PENG.05.01-01 - LO: 01-01 NATIONAL STANDARDS: United States - BUSPROG: Analytic STATE STANDARDS: United States - AK - DISC: Environmental Influence KEYWORDS: Bloom's: Remember DATE CREATED: 11/12/2021 2:54 PM DATE MODIFIED: 3/5/2022 11:24 AM 9. On the global economic pyramid, the Triad refers to developed economies consisting of North America, Europe, and Japan. a. True b. False ANSWER: True POINTS: 1 DIFFICULTY: Difficulty: Easy REFERENCES: Global Business and Globalization at a Crossroads QUESTION TYPE: True / False HAS VARIABLES: False LEARNING OBJECTIVES: GLOB.PENG.05.01-05 - LO: 01-05 NATIONAL STANDARDS: United States - BUSPROG: Analytic STATE STANDARDS: United States - AK - DISC: Creation of Value KEYWORDS: Bloom's: Remember DATE CREATED: 11/12/2021 2:54 PM DATE MODIFIED: 3/5/2022 11:24 AM 10. All the countries of the BRIC belong to the top tier of the global economic pyramid. a. True b. False ANSWER: False POINTS: 1 DIFFICULTY: Difficulty: Easy REFERENCES: Globalization and Semiglobalization QUESTION TYPE: True / False HAS VARIABLES: False LEARNING OBJECTIVES: GLOB.PENG.05.01-04 - LO: 01-04 NATIONAL STANDARDS: United States - BUSPROG: Analytic STATE STANDARDS: United States - AK - DISC: Environmental Influence KEYWORDS: Bloom's: Remember DATE CREATED: 11/12/2021 2:54 PM DATE MODIFIED: 3/5/2022 11:24 AM 11. The second tier of the global economic pyramid is made up of countries with a per capita annual income of more than $20,000. a. True b. False ANSWER: False POINTS: 1 DIFFICULTY: Difficulty: Easy REFERENCES: Globalization and Semiglobalization QUESTION TYPE: True / False HAS VARIABLES: False LEARNING OBJECTIVES: GLOB.PENG.05.01-04 - LO: 01-04