TEST BANK For Global Business Today,
x x x x x x
12th Edition By Charles Hill Chapters 1 - 17
x x x x x x x x
,Chapter xOne xGlobalization x
PART xTWO xNational xDifferences
Chapter xTwo xNational xDifferences xin xPolitical, xEconomic, xand xLegal xSystems x
Chapter xThree xNational xDifferences xin xEconomic xDevelopment x
Chapter xFour xDifferences xin xCulture x
Chapter xFive xEthics, xCorporate xSocial xResponsibility, xand xSustainability x
PART xTHREE xThe xGlobal xTrade xand xInvestment xEnvironment
Chapter xSix xInternational xTrade xTheory x
Chapter xSeven xGovernment xPolicy xand xInternational xTrade x
Chapter xEight xForeign xDirect xInvestment x
Chapter xNine xRegional xEconomic xIntegration x
PART xFOUR xThe xGlobal xMonetary xSystem
Chapter xTen xThe xForeign xExchange xMarket x
Chapter xEleven xThe xInternational xMonetary xSystem x
PART xFIVE xThe xStrategy xof xInternational xBusiness
Chapter xTwelve xThe xStrategy xof xInternational xBusiness x
Chapter xThirteen xEntering xDeveloped xand xEmerging xMarkets x
PART xSIX xInternational xBusiness xFunctions
Chapter xFourteen xExporting, xImporting, xand xCountertrade x
Chapter xFifteen xGlobal xProduction xand xSupply xChain xManagement x
Chapter xSixteen xGlobal xMarketing xand xBusiness xAnalytics x
Chapter xSeventeen xGlobal xHuman xResource xManagement x x
,Answers xare xat xthe xend xof xeach xchapter
Chapter x01
GlobalizationxTrue x/
x
False xQuestions
x
1. As xa xresult xof xglobalization, xwe xhave xbeen xmoving xtoward xa xworld xin xwhich xnational
xeconomiesxare xrelatively xself-contained xentities.
True False
2. By xoffering xthe xsame xbasic xproduct xworldwide, xfirms xhelp xto xcreate xa xglobal
market.xTrue False
x
3. A xcompany xhas xto xbe xthe xsize xof xa xmultinational xgiant xto xfacilitate, xand xbenefit
xfrom, xthexglobalization xof xmarkets.
True False
4. As xa xresult xof xglobalization, xcompanies xrarely xneed xto xcustomize xmarketing xstrategies,
xproductxfeatures, xand xoperating xpractices xin xdifferent xcountries.
True False
5. Globalization xhas xresulted xin xgreater xuniformity xreplacing xdiversity xacross xnational
markets.xTrue False
x
6. As xfirms xfollow xeach xother xaround xthe xworld, xthey xbring xwith xthem xmany xof xthe
xassets xthatxserved xthem xwell xin xother xnational xmarkets. xThus, xgreater xdiversity xreplaces
xuniformity.
True False
7. Substantial ximpediments, xsuch xas xbarriers xto xforeign xdirect xinvestment, xmake xit xdifficult xfor
xfirmsxto xachieve xthe xoptimal xdispersion xof xtheir xproductive xactivities xto xlocations xaround xthe xglobe.
True False
8. The xWorld xTrade xOrganization, xthe xInternational xMonetary xFund xand xits xsister
xinstitution xthexWorld xBank, xand xthe xUnited xNations xwere xall xcreated xby xvoluntary xagreement
xbetween xindividual xnation- xstates.
True False
, 9. The xInternational xMonetary xFund xand xthe xWorld xBank xwere xboth xcreated xin x1944 xby x44
xnationsxthat xmet xat xBretton xWoods, xNew xHampshire.
True False
10. The xWTO xis xseen xas xthe xlender xof xlast xresort xto xnation-states xwhose xeconomies xare xin
xturmoilxand xwhose xcurrencies xare xlosing xvalue xagainst xthose xof xother xnations.
True False
11. The xIMF xis xless xcontroversial xthan xits xsister xinstitution, xthe xWorld
Bank.xTrue
x False
12. In xreturn xfor xloans, xthe xIMF xrequires xnation-states xto xadopt xspecific xeconomic xpolicies
xaimed xatxreturning xtheir xtroubled xeconomies xto xstability xand xgrowth.
True False
13. Foreign xdirect xinvestment x(FDI) xoccurs xwhen xa xfirm xinvests xresources xin xbusiness
xactivitiesxoutside xits xhome xcountry.
True False
14. After xWorld xWar xII, xthe xadvanced xnations xof xthe xWest xcommitted xthemselves xto
xincreasingxbarriers xto xthe xfree xflow xof xgoods, xservices, xand xcapital xbetween xnations.
True False
15. The xUruguay xRound, xheld xunder xthe xumbrella xof xGATT, xextended xGATT xto xcover xservices
xas xwellxas xmanufactured xgoods.
True False
16. The xlowering xof xtrade xand xinvestment xbarriers xallows xfirms xto xbase xproduction xat xthe
xoptimalxlocation xfor xthat xactivity.
True False
17. As xa xresult xof xinternational xtrade, xthe xeconomies xof xthe xworld’s xnation-states xare
xbecoming xlessxintertwined.
True False
18. The xglobalization xof xmarkets xand xproduction xand xthe xresulting xgrowth xof xworld xtrade,
xforeignxdirect xinvestment, xand ximports xall ximply xthat xfirms xare xfinding xit xeasier xto xprotect
xthemselves xfrom
the xattack xof xforeign xcompetitors.
x x x x x x
12th Edition By Charles Hill Chapters 1 - 17
x x x x x x x x
,Chapter xOne xGlobalization x
PART xTWO xNational xDifferences
Chapter xTwo xNational xDifferences xin xPolitical, xEconomic, xand xLegal xSystems x
Chapter xThree xNational xDifferences xin xEconomic xDevelopment x
Chapter xFour xDifferences xin xCulture x
Chapter xFive xEthics, xCorporate xSocial xResponsibility, xand xSustainability x
PART xTHREE xThe xGlobal xTrade xand xInvestment xEnvironment
Chapter xSix xInternational xTrade xTheory x
Chapter xSeven xGovernment xPolicy xand xInternational xTrade x
Chapter xEight xForeign xDirect xInvestment x
Chapter xNine xRegional xEconomic xIntegration x
PART xFOUR xThe xGlobal xMonetary xSystem
Chapter xTen xThe xForeign xExchange xMarket x
Chapter xEleven xThe xInternational xMonetary xSystem x
PART xFIVE xThe xStrategy xof xInternational xBusiness
Chapter xTwelve xThe xStrategy xof xInternational xBusiness x
Chapter xThirteen xEntering xDeveloped xand xEmerging xMarkets x
PART xSIX xInternational xBusiness xFunctions
Chapter xFourteen xExporting, xImporting, xand xCountertrade x
Chapter xFifteen xGlobal xProduction xand xSupply xChain xManagement x
Chapter xSixteen xGlobal xMarketing xand xBusiness xAnalytics x
Chapter xSeventeen xGlobal xHuman xResource xManagement x x
,Answers xare xat xthe xend xof xeach xchapter
Chapter x01
GlobalizationxTrue x/
x
False xQuestions
x
1. As xa xresult xof xglobalization, xwe xhave xbeen xmoving xtoward xa xworld xin xwhich xnational
xeconomiesxare xrelatively xself-contained xentities.
True False
2. By xoffering xthe xsame xbasic xproduct xworldwide, xfirms xhelp xto xcreate xa xglobal
market.xTrue False
x
3. A xcompany xhas xto xbe xthe xsize xof xa xmultinational xgiant xto xfacilitate, xand xbenefit
xfrom, xthexglobalization xof xmarkets.
True False
4. As xa xresult xof xglobalization, xcompanies xrarely xneed xto xcustomize xmarketing xstrategies,
xproductxfeatures, xand xoperating xpractices xin xdifferent xcountries.
True False
5. Globalization xhas xresulted xin xgreater xuniformity xreplacing xdiversity xacross xnational
markets.xTrue False
x
6. As xfirms xfollow xeach xother xaround xthe xworld, xthey xbring xwith xthem xmany xof xthe
xassets xthatxserved xthem xwell xin xother xnational xmarkets. xThus, xgreater xdiversity xreplaces
xuniformity.
True False
7. Substantial ximpediments, xsuch xas xbarriers xto xforeign xdirect xinvestment, xmake xit xdifficult xfor
xfirmsxto xachieve xthe xoptimal xdispersion xof xtheir xproductive xactivities xto xlocations xaround xthe xglobe.
True False
8. The xWorld xTrade xOrganization, xthe xInternational xMonetary xFund xand xits xsister
xinstitution xthexWorld xBank, xand xthe xUnited xNations xwere xall xcreated xby xvoluntary xagreement
xbetween xindividual xnation- xstates.
True False
, 9. The xInternational xMonetary xFund xand xthe xWorld xBank xwere xboth xcreated xin x1944 xby x44
xnationsxthat xmet xat xBretton xWoods, xNew xHampshire.
True False
10. The xWTO xis xseen xas xthe xlender xof xlast xresort xto xnation-states xwhose xeconomies xare xin
xturmoilxand xwhose xcurrencies xare xlosing xvalue xagainst xthose xof xother xnations.
True False
11. The xIMF xis xless xcontroversial xthan xits xsister xinstitution, xthe xWorld
Bank.xTrue
x False
12. In xreturn xfor xloans, xthe xIMF xrequires xnation-states xto xadopt xspecific xeconomic xpolicies
xaimed xatxreturning xtheir xtroubled xeconomies xto xstability xand xgrowth.
True False
13. Foreign xdirect xinvestment x(FDI) xoccurs xwhen xa xfirm xinvests xresources xin xbusiness
xactivitiesxoutside xits xhome xcountry.
True False
14. After xWorld xWar xII, xthe xadvanced xnations xof xthe xWest xcommitted xthemselves xto
xincreasingxbarriers xto xthe xfree xflow xof xgoods, xservices, xand xcapital xbetween xnations.
True False
15. The xUruguay xRound, xheld xunder xthe xumbrella xof xGATT, xextended xGATT xto xcover xservices
xas xwellxas xmanufactured xgoods.
True False
16. The xlowering xof xtrade xand xinvestment xbarriers xallows xfirms xto xbase xproduction xat xthe
xoptimalxlocation xfor xthat xactivity.
True False
17. As xa xresult xof xinternational xtrade, xthe xeconomies xof xthe xworld’s xnation-states xare
xbecoming xlessxintertwined.
True False
18. The xglobalization xof xmarkets xand xproduction xand xthe xresulting xgrowth xof xworld xtrade,
xforeignxdirect xinvestment, xand ximports xall ximply xthat xfirms xare xfinding xit xeasier xto xprotect
xthemselves xfrom
the xattack xof xforeign xcompetitors.
