TEST BANK For Global Business Today, 12th Edition By Charles Hill, Verified Chapters 1 - 17, Complete Newest Version

TEST BANK For Global Business Today,
12th Edition By Charles Hill Chapters 1 - 17

,Chapter One Globalization




PART TWO National Differences
Chapter Two National Differences in Political, Economic, and Legal Systems
Chapter Three National Differences in Economic Development
Chapter Four Differences in Culture
Chapter Five Ethics, Corporate Social Responsibility, and Sustainability




PART THREE The Global Trade and Investment Environment
Chapter Six International Trade Theory
Chapter Seven Government Policy and International Trade
Chapter Eight Foreign Direct Investment
Chapter Nine Regional Economic Integration




PART FOUR The Global Monetary System
Chapter Ten The Foreign Exchange Market
Chapter Eleven The International Monetary System




PART FIVE The Strategy of International Business
Chapter Twelve The Strategy of International Business
Chapter Thirteen Entering Developed and Emerging Markets




PART SIX International Business Functions
Chapter Fourteen Exporting, Importing, and Countertrade
Chapter Fifteen Global Production and Supply Chain Management
Chapter Sixteen Global Marketing and Business Analytics
Chapter Seventeen Global Human Resource Management

,Answers are at the end of each chapter

Chapter 01 Globalization

True / False Questions

1. As a result of globalization, we have been moving toward a world in which national economies
are relatively self-contained entities.

True False

2. By offering the same basic product worldwide, firms help to create a global market.

True False

3. A company has to be the size of a multinational giant to facilitate, and benefit from, the
globalization of markets.

True False

4. As a result of globalization, companies rarely need to customize marketing strategies, product
features, and operating practices in different countries.

True False

5. Globalization has resulted in greater uniformity replacing diversity across national markets.

True False

6. As firms follow each other around the world, they bring with them many of the assets that
served them well in other national markets. Thus, greater diversity replaces uniformity.

True False

7. Substantial impediments, such as barriers to foreign direct investment, make it difficult for firms
to achieve the optimal dispersion of their productive activities to locations around the globe.

True False

8. The World Trade Organization, the International Monetary Fund and its sister institution the
World Bank, and the United Nations were all created by voluntary agreement between individual
nation- states.

True False

, 9. The International Monetary Fund and the World Bank were both created in 1944 by 44
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mnations that met at Bretton Woods, New Hampshire.
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True False

10. The WTO is seen as the lender of last resort to nation-states whose economies are in
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mturmoil and whose currencies are losing value against those of other nations.
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True False

11. The IMF is less controversial than its sister institution, the World
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Bank. True
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12. In return for loans, the IMF requires nation-states to adopt specific economic policies
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maimed at returning their troubled economies to stability and growth.
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True False

13. Foreign direct investment (FDI) occurs when a firm invests resources in business
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mactivities outside its home country.
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True False

14. After World War II, the advanced nations of the West committed themselves to
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mincreasing barriers to the free flow of goods, services, and capital between nations.
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True False

15. The Uruguay Round, held under the umbrella of GATT, extended GATT to cover services
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mas well as manufactured goods.
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True False

16. The lowering of trade and investment barriers allows firms to base production at the
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moptimal location for that activity.
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True False

17. As a result of international trade, the economies of the world’s nation-states are
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mbecoming less intertwined.
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True False

18. The globalization of markets and production and the resulting growth of world trade,
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mforeign direct investment, and imports all imply that firms are finding it easier to protect
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mthemselves from m




the attack of foreign competitors.
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