,Name: Class: Date:
Chapterc01:cThecRisecofc Globalization
1. Withcbusinesscbecomingcincreasinglycglobal,citscsuccess,cfortunately,cdependsconlyconcthecdomesticcenvironment.
a. True
b. False
ANSWER:c False
2. Keycaspectscofcglobalizationcincludectheceliminationcofcbarriersctoctradecandcinformationctechnology.
a. True
b. False
ANSWER:c True
3. Thecworldceconomyciscquicklycshiftingcawaycfromccountriescwithcemergingceconomies.
a. True
b. False
ANSWER:c False
4. Thec“soft”cqualitiescessentialctocglobalizationcincludecopenness,cprotectionism,caccountability,cconnectivity,cd
emocracy,candccentralization.
a. True
b. False
ANSWER:c False
5. Acsustainablecdecouplingcprocesscwouldceventuallycleadctocacmulti-polarcworld—
acworldceconomycincwhichcthecenginescofcgrowthccouldccomprisecthecUnitedcStates,cthecEuropeancUnion,cChina,cIndi
a,cBrazil,cRussia,candcSouthcAfricacrathercthancthecUnitedcStatescalone.
a. True
b. False
ANSWER:c True
6. Thecopennesscandcproliferationcofcglobalizationcandcfreectradecrulesccancbestcbecattributedctocthecinterwarcperiodcbe
tweencWorldcWarcIcandcII.
a. True
b. False
ANSWER:c False
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,Name: Class: Date:
Chapterc01:cThecRisecofc Globalization
7. AscpartcofcthecWorldcBank’scStrategiccFramework,ctherecarecfivecfocuscareascthatcaccommodatecandcfacilitatecthecgl
obalizationcprocesscincludingcitscanalyticalcandcadvisorycrolecsupportingcnationalcpoliciesctocstrengthencfreecmarketcinsti
tutionscandcinfrastructurecthatchascprovidedcthecpotentialcforccreatingclargecgainscfromctrade.
a. True
b. False
ANSWER:c True
8. ForcthecWorldcTradecOrganization,cincreasingctradecbarrierschascbeenconecofcthecmostcsimplecwaysctocencouragectra
decandcglobalization.
a. True
b. False
ANSWER:c False
9. Thecfoundationscofcthecglobalizedcbusinesscworldcarecpolitical—andcsocarecthecbiggestcthreatsctocthecsystem.
a. True
b. False
ANSWER:c True
10. Countriescthatchavecsuccessfullycadaptedctocglobalizationcrealizecthatctheyccannotcsucceedcwithoutchigh-
qualitycgovernmentcmanagementcatchome.
a. True
b. False
ANSWER:c True
11. Inccommunistcandcstate-
controlledceconomiesclikecthosecincCentralcAsiacpropertycrightsceithercdocnotcexistcorcarecnotcwellcdefinedcwhichcdis
couragescdomesticcandcforeigncinvestorscfromcmakingclong-termccommitmentscinctheseccountries.
a. True
b. False
ANSWER:c True
12. GlobalizedceconomiesclikecNewcZealandcandcSingaporecrankcatcthectopcincindexcforcabsencecofccorruptioncbycTr
ansparencycInternational.
a. True
b. False
ANSWER:c True
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, Name: Class: Date:
Chapterc01:cThecRisecofc Globalization
13. Textcmessagingcwillclikelycbecancunimportantccomponentcofcemergingceconomies'cmobilecphonecusagecbecausecmostcpe
oplecinctheseccountriesccannotcreadcorcwrite.
a. True
b. False
ANSWER:c False
14. Criticscarguecthatcopenctradecandcforeigncdirectcinvestmentcalwaysctakecjobscfromcworkerscincdevelopingceconomiescan
dctransfercthemctocworkerscincadvancedcindustrialccountriescwhichcleavecthecworkerscincthecdevelopingccountry,coutcof
cwork.
a. True
b. False
ANSWER:c False
15. Therecappearsctocbecacclearcconnectioncbetweenceconomiccfreedomcandcpoliticalcfreedom.
a. True
b. False
ANSWER:c True
16. BraziliancJuice,cacmanufacturercofchealthycfruitcjuicescincBrazil,csellscjuicecincsixcdifferentccountriescincludingcUnitedcSt
ates.cBraziliancjuiceciscengagingcin
a. economiccdevelopmentcincUnitedcStates.
b. exercisingcnontariffcbarrierscincBrazil.
c. unfairctradecpractices.
d. globalization.
e. thecWorldcTradecBankcGroup.
ANSWER:c d
17. WhichcofcthecfollowingciscNOTcackeycaspectcofcglobalization?
a. Theceliminationcofcbarriersctoctrade
b. Investment
c. Financialcindependence
d. Culture
e. Informationctechnology
ANSWER:c c
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Chapterc01:cThecRisecofc Globalization
1. Withcbusinesscbecomingcincreasinglycglobal,citscsuccess,cfortunately,cdependsconlyconcthecdomesticcenvironment.
a. True
b. False
ANSWER:c False
2. Keycaspectscofcglobalizationcincludectheceliminationcofcbarriersctoctradecandcinformationctechnology.
a. True
b. False
ANSWER:c True
3. Thecworldceconomyciscquicklycshiftingcawaycfromccountriescwithcemergingceconomies.
a. True
b. False
ANSWER:c False
4. Thec“soft”cqualitiescessentialctocglobalizationcincludecopenness,cprotectionism,caccountability,cconnectivity,cd
emocracy,candccentralization.
a. True
b. False
ANSWER:c False
5. Acsustainablecdecouplingcprocesscwouldceventuallycleadctocacmulti-polarcworld—
acworldceconomycincwhichcthecenginescofcgrowthccouldccomprisecthecUnitedcStates,cthecEuropeancUnion,cChina,cIndi
a,cBrazil,cRussia,candcSouthcAfricacrathercthancthecUnitedcStatescalone.
a. True
b. False
ANSWER:c True
6. Thecopennesscandcproliferationcofcglobalizationcandcfreectradecrulesccancbestcbecattributedctocthecinterwarcperiodcbe
tweencWorldcWarcIcandcII.
a. True
b. False
ANSWER:c False
CopyrightcCengagecLearning.cPoweredcbycCognero. Pagec1
,Name: Class: Date:
Chapterc01:cThecRisecofc Globalization
7. AscpartcofcthecWorldcBank’scStrategiccFramework,ctherecarecfivecfocuscareascthatcaccommodatecandcfacilitatecthecgl
obalizationcprocesscincludingcitscanalyticalcandcadvisorycrolecsupportingcnationalcpoliciesctocstrengthencfreecmarketcinsti
tutionscandcinfrastructurecthatchascprovidedcthecpotentialcforccreatingclargecgainscfromctrade.
a. True
b. False
ANSWER:c True
8. ForcthecWorldcTradecOrganization,cincreasingctradecbarrierschascbeenconecofcthecmostcsimplecwaysctocencouragectra
decandcglobalization.
a. True
b. False
ANSWER:c False
9. Thecfoundationscofcthecglobalizedcbusinesscworldcarecpolitical—andcsocarecthecbiggestcthreatsctocthecsystem.
a. True
b. False
ANSWER:c True
10. Countriescthatchavecsuccessfullycadaptedctocglobalizationcrealizecthatctheyccannotcsucceedcwithoutchigh-
qualitycgovernmentcmanagementcatchome.
a. True
b. False
ANSWER:c True
11. Inccommunistcandcstate-
controlledceconomiesclikecthosecincCentralcAsiacpropertycrightsceithercdocnotcexistcorcarecnotcwellcdefinedcwhichcdis
couragescdomesticcandcforeigncinvestorscfromcmakingclong-termccommitmentscinctheseccountries.
a. True
b. False
ANSWER:c True
12. GlobalizedceconomiesclikecNewcZealandcandcSingaporecrankcatcthectopcincindexcforcabsencecofccorruptioncbycTr
ansparencycInternational.
a. True
b. False
ANSWER:c True
CopyrightcCengagecLearning.cPoweredcbycCognero. Pagec2
, Name: Class: Date:
Chapterc01:cThecRisecofc Globalization
13. Textcmessagingcwillclikelycbecancunimportantccomponentcofcemergingceconomies'cmobilecphonecusagecbecausecmostcpe
oplecinctheseccountriesccannotcreadcorcwrite.
a. True
b. False
ANSWER:c False
14. Criticscarguecthatcopenctradecandcforeigncdirectcinvestmentcalwaysctakecjobscfromcworkerscincdevelopingceconomiescan
dctransfercthemctocworkerscincadvancedcindustrialccountriescwhichcleavecthecworkerscincthecdevelopingccountry,coutcof
cwork.
a. True
b. False
ANSWER:c False
15. Therecappearsctocbecacclearcconnectioncbetweenceconomiccfreedomcandcpoliticalcfreedom.
a. True
b. False
ANSWER:c True
16. BraziliancJuice,cacmanufacturercofchealthycfruitcjuicescincBrazil,csellscjuicecincsixcdifferentccountriescincludingcUnitedcSt
ates.cBraziliancjuiceciscengagingcin
a. economiccdevelopmentcincUnitedcStates.
b. exercisingcnontariffcbarrierscincBrazil.
c. unfairctradecpractices.
d. globalization.
e. thecWorldcTradecBankcGroup.
ANSWER:c d
17. WhichcofcthecfollowingciscNOTcackeycaspectcofcglobalization?
a. Theceliminationcofcbarriersctoctrade
b. Investment
c. Financialcindependence
d. Culture
e. Informationctechnology
ANSWER:c c
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