Test Bank For Global Business, 5th Edition Mike W. Peng | All Chapters Covered | Latest Guide

Test Bank for 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 Copyright Cengage Learning. Powered by Cognero. Page 2 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 Copyright Cengage Learning. Powered by Cognero. Page 3 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 Copyright Cengage Learning. Powered by Cognero. Page 4 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 Copyright Cengage Learning. Powered by Cognero. Page 5 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 12. The emerging markets of the world are placed at the top 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: Creation of Value KEYWORDS: Bloom's: Remember DATE CREATED: 11/12/2021 2:54 PM DATE MODIFIED: 3/5/2022 11:24 AM 13. The global economic pyramid does not represent countries that have a per capita annual income of less than $2,000. 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 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 14. The term "base of the pyramid" represents economies where individuals make less than $2,000 a year. a. True b. False ANSWER: True POINTS: 1 DIFFICULTY: Difficulty: Easy REFERENCES: Globalization and Semiglobalization Copyright Cengage Learning. Powered by Cognero. Page 6 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 15. Reverse innovations are innovations that are adopted first in the Triad-based multinationals and then diffused around the world. a. True b. False ANSWER: False POINTS: 1 DIFFICULTY: Difficulty: Moderate 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 16. Reverse innovation is an example of bottom up innovation. a. True b. False ANSWER: True POINTS: 1 DIFFICULTY: Difficulty: Moderate 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: Motivation Concepts - DISC: Environmental Influence KEYWORDS: Bloom's: Remember DATE CREATED: 11/12/2021 2:54 PM DATE MODIFIED: 3/5/2022 11:24 AM 17. The Group of 20 includes the European Union (EU)—a regional bloc. a. True b. False ANSWER: True Copyright Cengage Learning. Powered by Cognero. Page 7 POINTS: 1 DIFFICULTY: Difficulty: Easy REFERENCES: Why Study Global Business? QUESTION TYPE: True / False HAS VARIABLES: False LEARNING OBJECTIVES: GLOB.PENG.05.01-02 - LO: 01-02 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 18. Globalization has driven up the salaries of low-level jobs. a. True b. False ANSWER: False POINTS: 1 DIFFICULTY: Difficulty: Moderate REFERENCES: Why Study Global Business? QUESTION TYPE: True / False HAS VARIABLES: False LEARNING OBJECTIVES: GLOB.PENG.05.01-02 - LO: 01-02 NATIONAL STANDARDS: United States - BUSPROG: Analytic STATE STANDARDS: United States - AK - DISC: Creation of Value KEYWORDS: Bloom's: Understand DATE CREATED: 11/12/2021 2:54 PM DATE MODIFIED: 3/5/2022 11:24 AM 19. An international premium is a significant pay raise awarded to expatriate employees working abroad. a. True b. False ANSWER: True POINTS: 1 DIFFICULTY: Difficulty: Easy REFERENCES: Why Study Global Business? QUESTION TYPE: True / False HAS VARIABLES: False LEARNING OBJECTIVES: GLOB.PENG.05.01-02 - LO: 01-02 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 20. New York has more Fortune Global 500 company headquarters than any other city. Copyright Cengage Learning. Powered by Cognero. Page 8 a. True b. False ANSWER: False POINTS: 1 DIFFICULTY: Difficulty: Easy REFERENCES: Global Business and Globalization at a Cro