TEST BANK For Global Business Today,
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12th Edition By Charles Hill Chapters 1 - 17
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,Chapter One Globalization
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PART TWO National Differences
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Chapter Two National Differences in Political, Economic, and Legal Systems
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Chapter Three National Differences in Economic Development
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Chapter Four Differences in Culture
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Chapter Five Ethics, Corporate Social Responsibility, and Sustainability
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PART THREE The Global Trade and Investment Environment
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Chapter Six International Trade Theory
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Chapter Seven Government Policy and International Trade
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Chapter Eight Foreign Direct Investment
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Chapter Nine Regional Economic Integration
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PART FOUR The Global Monetary System
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Chapter Ten The Foreign Exchange Market
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Chapter Eleven The International Monetary System
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PART FIVE The Strategy of International Business
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Chapter Twelve The Strategy of International Business
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Chapter Thirteen Entering Developed and Emerging Markets
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PART SIX International Business Functions
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Chapter Fourteen Exporting, Importing, and Countertrade
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Chapter Fifteen Global Production and Supply Chain Management
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Chapter Sixteen Global Marketing and Business Analytics
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Chapter Seventeen Global Human Resource Management
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,Answers are at the end of each chapter r/d r/d r/d r/d r/d r/d r/d
Chapter 01 Globalization r/d r/d
True / False Questions
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1. As a result of globalization, we have been moving toward a world in which national economiesare
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relatively self-contained entities.
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True False
2. By offering the same basic product worldwide, firms help to create a global market.
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True
r/d False
3. A company has to be the size of a multinational giant to facilitate, and benefit from, the
r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d
globalization of markets.
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True False
4. As a result of globalization, companies rarely need to customize marketing strategies, product
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features, and operating practices in different countries.
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True False
5. Globalization has resulted in greater uniformity replacing diversity across national markets. r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d
True
r/d False
6. As firms follow each other around the world, they bring with them many of the assets that
r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d
served them well in other national markets. Thus, greater diversity replaces uniformity.
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True False
7. Substantial impediments, such as barriers to foreign direct investment, make it difficult for firmsto r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d
achieve the optimal dispersion of their productive activities to locations around the globe.
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True False
8. The World Trade Organization, the International Monetary Fund and its sister institution the
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World Bank, and the United Nations were all created by voluntary agreement between individual
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nation- states.
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True False
, 9. The International Monetary Fund and the World Bank were both created in 1944 by 44 nations
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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 turmoil
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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 Bank.
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True
r/d False
12. In return for loans, the IMF requires nation-states to adopt specific economic policies aimed at
r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d
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 activities r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d
outside its home country.
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True False
14. After World War II, the advanced nations of the West committed themselves to increasing
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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 as wellas
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manufactured goods.
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True False
16. The lowering of trade and investment barriers allows firms to base production at the optimal
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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 becoming less
r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d
intertwined.
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True False
18. The globalization of markets and production and the resulting growth of world trade, foreign
r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d
direct investment, and imports all imply that firms are finding it easier to protect themselves from
r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d
the attack of foreign competitors.
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r/d r/d r/d r /d r/d r/d
12th Edition By Charles Hill Chapters 1 - 17
r/d r/d r/d r/d r/d r/d r/d r /d
,Chapter One Globalization
r/d r/d r/d
PART TWO National Differences
r/d r/d r/d
Chapter Two National Differences in Political, Economic, and Legal Systems
r/d r/d r/d r/d r/d r/d r /d r/d r/d r/d
Chapter Three National Differences in Economic Development
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Chapter Four Differences in Culture
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Chapter Five Ethics, Corporate Social Responsibility, and Sustainability
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PART THREE The Global Trade and Investment Environment
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Chapter Six International Trade Theory
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Chapter Seven Government Policy and International Trade
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Chapter Eight Foreign Direct Investment
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Chapter Nine Regional Economic Integration
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PART FOUR The Global Monetary System
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Chapter Ten The Foreign Exchange Market
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Chapter Eleven The International Monetary System
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PART FIVE The Strategy of International Business
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Chapter Twelve The Strategy of International Business
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Chapter Thirteen Entering Developed and Emerging Markets
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PART SIX International Business Functions
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Chapter Fourteen Exporting, Importing, and Countertrade
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Chapter Fifteen Global Production and Supply Chain Management
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Chapter Sixteen Global Marketing and Business Analytics
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Chapter Seventeen Global Human Resource Management
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,Answers are at the end of each chapter r/d r/d r/d r/d r/d r/d r/d
Chapter 01 Globalization r/d r/d
True / False Questions
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1. As a result of globalization, we have been moving toward a world in which national economiesare
r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d
relatively self-contained entities.
r/d r/d r/d
True False
2. By offering the same basic product worldwide, firms help to create a global market.
r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d
True
r/d False
3. A company has to be the size of a multinational giant to facilitate, and benefit from, the
r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d
globalization of markets.
r/d r/d r/d
True False
4. As a result of globalization, companies rarely need to customize marketing strategies, product
r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d
features, and operating practices in different countries.
r/d r/d r/d r/d r/d r/d r/d
True False
5. Globalization has resulted in greater uniformity replacing diversity across national markets. r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d
True
r/d False
6. As firms follow each other around the world, they bring with them many of the assets that
r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d
served them well in other national markets. Thus, greater diversity replaces uniformity.
r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d
True False
7. Substantial impediments, such as barriers to foreign direct investment, make it difficult for firmsto r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d
achieve the optimal dispersion of their productive activities to locations around the globe.
r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r /d
True False
8. The World Trade Organization, the International Monetary Fund and its sister institution the
r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d
World Bank, and the United Nations were all created by voluntary agreement between individual
r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d
nation- states.
r/d r/d
True False
, 9. The International Monetary Fund and the World Bank were both created in 1944 by 44 nations
r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d
that met at Bretton Woods, New Hampshire.
r/d r/d r/d r/d r/d r /d r/d
True False
10. The WTO is seen as the lender of last resort to nation-states whose economies are in turmoil
r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d
and whose currencies are losing value against those of other nations.
r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d
True False
11. The IMF is less controversial than its sister institution, the World Bank.
r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d
True
r/d False
12. In return for loans, the IMF requires nation-states to adopt specific economic policies aimed at
r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d
returning their troubled economies to stability and growth.
r/d r/d r/d r/d r/d r/d r/d r/d
True False
13. Foreign direct investment (FDI) occurs when a firm invests resources in business activities r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d
outside its home country.
r/d r/d r/d r/d
True False
14. After World War II, the advanced nations of the West committed themselves to increasing
r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d
barriers to the free flow of goods, services, and capital between nations.
r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d
True False
15. The Uruguay Round, held under the umbrella of GATT, extended GATT to cover services as wellas
r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d
manufactured goods.
r/d r/d
True False
16. The lowering of trade and investment barriers allows firms to base production at the optimal
r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d
location for that activity.
r/d r/d r/d r/d
True False
17. As a result of international trade, the economies of the world’s nation-states are becoming less
r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d
intertwined.
r/d
True False
18. The globalization of markets and production and the resulting growth of world trade, foreign
r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d
direct investment, and imports all imply that firms are finding it easier to protect themselves from
r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d r/d
the attack of foreign competitors.
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