C211 (Global Economics for Managers)
PRACTICE EXAM TEST QUESTIONS AND
ANSWERS WESTERN GOVERNORS’
UNIVERSITY.
A group of activists, known for their objection to globalization, is picketing
the headquarters of a very large, international coffee distributor and retail
operation. The activists believe this large firm does not pay fair prices to
coffee growers in South America, Africa, and other developing regions. In
general, they are picketing because of:
Correct Answer -a. the location of the firm in one of the largest and most
affluent countries in the world.
b. the extremely large size of the firm.
c. the power the country derives in part from being home to this firm.
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
Which of the following countries would be characterized as an emerging
economy?
Correct Answer -Brazil
, 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
PRACTICE EXAM TEST QUESTIONS AND
ANSWERS WESTERN GOVERNORS’
UNIVERSITY.
A group of activists, known for their objection to globalization, is picketing
the headquarters of a very large, international coffee distributor and retail
operation. The activists believe this large firm does not pay fair prices to
coffee growers in South America, Africa, and other developing regions. In
general, they are picketing because of:
Correct Answer -a. the location of the firm in one of the largest and most
affluent countries in the world.
b. the extremely large size of the firm.
c. the power the country derives in part from being home to this firm.
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
Which of the following countries would be characterized as an emerging
economy?
Correct Answer -Brazil
, 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