C211 SECOND OA 2024\2024
QUESTIONS
C211 SECOND OA 2024\2024 QUESTIONS WITH GUARANTEED ACCURATE
ANSWERS| VERIFIED
The term "emerging economies" has replaced the term _____. - Accurate
Answer✅✅Developing countries.
The gross domestic product plus the income from non-resident sources abroad
gives the ____. - Accurate Answer✅✅gross national product.
More than 25% of global GDP comes from _____. - Accurate Answer✅✅BRICS
countries.
Viewing the global economy as a pyramid, the Triad refers to _____. - Accurate
Answer✅✅North America, Western Europe, and Japan
,People who earn _____ a year comprise the base of the global economic pyramid. -
Accurate Answer✅✅less than $2,000
Which of the following would be an example of a top down innovation? - Accurate
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)? - Accurate
Answer✅✅It only has 19 member countries.
Which of the following does the institution-based view of global business lay
emphasis on? - Accurate 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 _____. - Accurate
Answer✅✅focuses on the internal strengths on the firm
The liability of foreignness is the inherent disadvantage faced by _____. - Accurate
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? - Accurate 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. -
Accurate Answer✅✅Semiglobalization
, The strategy of treating each country as a unique market and in total isolation is
referred to as _____. - Accurate Answer✅✅Localization
MNEs from the Triad dominate the list of the 500 largest MNEs; their share has
been _____. - Accurate Answer✅✅Shrinking
A conversion that determines the equivalent amount of goods and services that
different currencies can buy is known as _____. - Accurate Answer✅✅purchasing
power parity
Which of the following countries would be characterized as an emerging
economy? - Accurate Answer✅✅Brazil
Which of the following countries is represented in the Triad of the global economic
pyramid? - Accurate Answer✅✅Japan
People who earn _____ a year comprise the base of the global economic pyramid. -
Accurate Answer✅✅less than $2,000
A _____ is defined as an innovation that is adopted first in emerging economies
and then diffused around the world. - Accurate Answer✅✅reverse innovation
The _____ view suggests that the success and failure of firms are largely
determined by their environments. - Accurate Answer✅✅institution-based
The _____ view of global business focuses on internal factors that can help a firm
overcome its external environment. - Accurate Answer✅✅resource-based
QUESTIONS
C211 SECOND OA 2024\2024 QUESTIONS WITH GUARANTEED ACCURATE
ANSWERS| VERIFIED
The term "emerging economies" has replaced the term _____. - Accurate
Answer✅✅Developing countries.
The gross domestic product plus the income from non-resident sources abroad
gives the ____. - Accurate Answer✅✅gross national product.
More than 25% of global GDP comes from _____. - Accurate Answer✅✅BRICS
countries.
Viewing the global economy as a pyramid, the Triad refers to _____. - Accurate
Answer✅✅North America, Western Europe, and Japan
,People who earn _____ a year comprise the base of the global economic pyramid. -
Accurate Answer✅✅less than $2,000
Which of the following would be an example of a top down innovation? - Accurate
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)? - Accurate
Answer✅✅It only has 19 member countries.
Which of the following does the institution-based view of global business lay
emphasis on? - Accurate 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 _____. - Accurate
Answer✅✅focuses on the internal strengths on the firm
The liability of foreignness is the inherent disadvantage faced by _____. - Accurate
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? - Accurate 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. -
Accurate Answer✅✅Semiglobalization
, The strategy of treating each country as a unique market and in total isolation is
referred to as _____. - Accurate Answer✅✅Localization
MNEs from the Triad dominate the list of the 500 largest MNEs; their share has
been _____. - Accurate Answer✅✅Shrinking
A conversion that determines the equivalent amount of goods and services that
different currencies can buy is known as _____. - Accurate Answer✅✅purchasing
power parity
Which of the following countries would be characterized as an emerging
economy? - Accurate Answer✅✅Brazil
Which of the following countries is represented in the Triad of the global economic
pyramid? - Accurate Answer✅✅Japan
People who earn _____ a year comprise the base of the global economic pyramid. -
Accurate Answer✅✅less than $2,000
A _____ is defined as an innovation that is adopted first in emerging economies
and then diffused around the world. - Accurate Answer✅✅reverse innovation
The _____ view suggests that the success and failure of firms are largely
determined by their environments. - Accurate Answer✅✅institution-based
The _____ view of global business focuses on internal factors that can help a firm
overcome its external environment. - Accurate Answer✅✅resource-based
