Test Bank For
Global Business Today,
2024 Release Edition By Charles Hill
,Global Business Today Global 2024 Release Edition Hill Test Bank
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
Nations That Met At Bretton Woods, New Hampshire.
True False
10. The Wto Is Seen As The Lender Of Last Resort To Nation-States Whose Economies Are In
Turmoil And Whose Currencies Are Losing Value Against Those Of Other Nations.
True False
11. The Imf Is Less Controversial Than Its Sister Institution, The World
Bank. True False
12. In Return For Loans, The Imf Requires Nation-States To Adopt Specific Economic Policies
Aimed At Returning Their Troubled Economies To Stability And Growth.
True False
13. Foreign Direct Investment (Fdi) Occurs When A Firm Invests Resources In Business
Activities Outside Its Home Country.
True False
14. After World War Ii, The Advanced Nations Of The West Committed Themselves To
Increasing Barriers To The Free Flow Of Goods, Services, And Capital Between Nations.
True False
15. The Uruguay Round, Held Under The Umbrella Of Gatt, Extended Gatt To Cover Services As
Well As Manufactured Goods.
True False
16. The Lowering Of Trade And Investment Barriers Allows Firms To Base Production At The
Optimal Location For That Activity.
True False
17. As A Result Of International Trade, The Economies Of The World’s Nation-States Are Becoming
Less Intertwined.
True False
18. The Globalization Of Markets And Production And The Resulting Growth Of World Trade,
Foreign Direct Investment, And Imports All Imply That Firms Are Finding It Easier To Protect
Themselves From
The Attack Of Foreign Competitors.
, True False
19. Containerization Has Revolutionized The Transportation Business, Significantly Lowering The
Costs Of Shipping Goods Over Long Distances.
True False
20. While Advances In Telecommunications Are Creating A Global Audience, Advances
In Transportation Are Creating A Global Village.
True False
21. The Real Costs Of Information Processing And Communication Have Fallen Dramatically In The
Past Two Decades.
True False
22. The Internet Has Been A Major Force Facilitating International Trade In
Services. True False
23. Countries That Markedly Increased Their Share Of World Output From 1960 To 2010
Included Germany, France, And The United Kingdom.
True False
24. The United States Accounted For A Significantly Larger Share Of The World Economy In 2011
Than It Did In The 1960's.
True False
25. Beginning In The 1970s, European And Japanese Firms Began To Shift Labor-Intensive
Manufacturing Operations From Developing Nations To Their Home Countries Where Labor Costs
Were Lower.
True False
26. The Stock Of Foreign Direct Investment Refers To The Total Cumulative Value Of
Foreign Investments In A Country.
True False
27. Throughout The 1990s, The Amount Of Investment Directed At Both Developed And
Developing Nations Increased Dramatically
True False
Global Business Today,
2024 Release Edition By Charles Hill
,Global Business Today Global 2024 Release Edition Hill Test Bank
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
Nations That Met At Bretton Woods, New Hampshire.
True False
10. The Wto Is Seen As The Lender Of Last Resort To Nation-States Whose Economies Are In
Turmoil And Whose Currencies Are Losing Value Against Those Of Other Nations.
True False
11. The Imf Is Less Controversial Than Its Sister Institution, The World
Bank. True False
12. In Return For Loans, The Imf Requires Nation-States To Adopt Specific Economic Policies
Aimed At Returning Their Troubled Economies To Stability And Growth.
True False
13. Foreign Direct Investment (Fdi) Occurs When A Firm Invests Resources In Business
Activities Outside Its Home Country.
True False
14. After World War Ii, The Advanced Nations Of The West Committed Themselves To
Increasing Barriers To The Free Flow Of Goods, Services, And Capital Between Nations.
True False
15. The Uruguay Round, Held Under The Umbrella Of Gatt, Extended Gatt To Cover Services As
Well As Manufactured Goods.
True False
16. The Lowering Of Trade And Investment Barriers Allows Firms To Base Production At The
Optimal Location For That Activity.
True False
17. As A Result Of International Trade, The Economies Of The World’s Nation-States Are Becoming
Less Intertwined.
True False
18. The Globalization Of Markets And Production And The Resulting Growth Of World Trade,
Foreign Direct Investment, And Imports All Imply That Firms Are Finding It Easier To Protect
Themselves From
The Attack Of Foreign Competitors.
, True False
19. Containerization Has Revolutionized The Transportation Business, Significantly Lowering The
Costs Of Shipping Goods Over Long Distances.
True False
20. While Advances In Telecommunications Are Creating A Global Audience, Advances
In Transportation Are Creating A Global Village.
True False
21. The Real Costs Of Information Processing And Communication Have Fallen Dramatically In The
Past Two Decades.
True False
22. The Internet Has Been A Major Force Facilitating International Trade In
Services. True False
23. Countries That Markedly Increased Their Share Of World Output From 1960 To 2010
Included Germany, France, And The United Kingdom.
True False
24. The United States Accounted For A Significantly Larger Share Of The World Economy In 2011
Than It Did In The 1960's.
True False
25. Beginning In The 1970s, European And Japanese Firms Began To Shift Labor-Intensive
Manufacturing Operations From Developing Nations To Their Home Countries Where Labor Costs
Were Lower.
True False
26. The Stock Of Foreign Direct Investment Refers To The Total Cumulative Value Of
Foreign Investments In A Country.
True False
27. Throughout The 1990s, The Amount Of Investment Directed At Both Developed And
Developing Nations Increased Dramatically
True False
