TEST BANK For Global Business Today,
v v v v v v
12th Edition By Charles Hill Chapters 1 - 17
v v v v v v v v
,Chapter vOne vGlobalization v
PART vTWO vNational vDifferences
Chapter vTwo vNational vDifferences vin vPolitical, vEconomic, vand vLegal vSystems v
Chapter vThree vNational vDifferences vin vEconomic vDevelopment v
Chapter vFour vDifferences vin vCulture v
Chapter vFive vEthics, vCorporate vSocial vResponsibility, vand vSustainability v
PART vTHREE vThe vGlobal vTrade vand vInvestment vEnvironment
Chapter vSix vInternational vTrade vTheory v
Chapter vSeven vGovernment vPolicy vand vInternational vTrade v
Chapter vEight vForeign vDirect vInvestment v
Chapter vNine vRegional vEconomic vIntegration v
PART vFOUR vThe vGlobal vMonetary vSystem
Chapter vTen vThe vForeign vExchange vMarket v
Chapter vEleven vThe vInternational vMonetary vSystem v
PART vFIVE vThe vStrategy vof vInternational vBusiness
Chapter vTwelve vThe vStrategy vof vInternational vBusiness v
Chapter vThirteen vEntering vDeveloped vand vEmerging vMarkets v
PART vSIX vInternational vBusiness vFunctions
Chapter vFourteen vExporting, vImporting, vand vCountertrade v
Chapter vFifteen vGlobal vProduction vand vSupply vChain vManagement v
Chapter vSixteen vGlobal vMarketing vand vBusiness vAnalytics v
Chapter vSeventeen vGlobal vHuman vResource vManagement v v
,Answers vare vat vthe vend vof veach vchapter
Chapter v01
v GlobalizationvTrue v/
v False vQuestions
1. As va vresult vof vglobalization, vwe vhave vbeen vmoving vtoward va vworld vin vwhich vnational
veconomiesvare vrelatively vself-contained ventities.
True False
2. By voffering vthe vsame vbasic vproduct vworldwide, vfirms vhelp vto vcreate va vglobal
market.vTrue False
v
3. A vcompany vhas vto vbe vthe vsize vof va vmultinational vgiant vto vfacilitate, vand vbenefit vfrom,
vthevglobalization vof vmarkets.
True False
4. As va vresult vof vglobalization, vcompanies vrarely vneed vto vcustomize vmarketing vstrategies,
vproductvfeatures, vand voperating vpractices vin vdifferent vcountries.
True False
5. Globalization vhas vresulted vin vgreater vuniformity vreplacing vdiversity vacross vnational
v markets.vTrue False
6. As vfirms vfollow veach vother varound vthe vworld, vthey vbring vwith vthem vmany vof vthe vassets
vthatvserved vthem vwell vin vother vnational vmarkets. vThus, vgreater vdiversity vreplaces vuniformity.
True False
7. Substantial vimpediments, vsuch vas vbarriers vto vforeign vdirect vinvestment, vmake vit vdifficult vfor
vfirmsvto vachieve vthe voptimal vdispersion vof vtheir vproductive vactivities vto vlocations varound vthe vglobe.
True False
8. The vWorld vTrade vOrganization, vthe vInternational vMonetary vFund vand vits vsister vinstitution
vthevWorld vBank, vand vthe vUnited vNations vwere vall vcreated vby vvoluntary vagreement vbetween
vindividual vnation- vstates.
True False
, 9. The vInternational vMonetary vFund vand vthe vWorld vBank vwere vboth vcreated vin v1944 vby v44
vnationsvthat vmet vat vBretton vWoods, vNew vHampshire.
True False
10. The vWTO vis vseen vas vthe vlender vof vlast vresort vto vnation-states vwhose veconomies vare vin
vturmoilvand vwhose vcurrencies vare vlosing vvalue vagainst vthose vof vother vnations.
True False
11. The vIMF vis vless vcontroversial vthan vits vsister vinstitution, vthe vWorld
v Bank.vTrue False
12. In vreturn vfor vloans, vthe vIMF vrequires vnation-states vto vadopt vspecific veconomic vpolicies
vaimed vatvreturning vtheir vtroubled veconomies vto vstability vand vgrowth.
True False
13. Foreign vdirect vinvestment v(FDI) voccurs vwhen va vfirm vinvests vresources vin vbusiness
vactivitiesvoutside vits vhome vcountry.
True False
14. After vWorld vWar vII, vthe vadvanced vnations vof vthe vWest vcommitted vthemselves vto
vincreasingvbarriers vto vthe vfree vflow vof vgoods, vservices, vand vcapital vbetween vnations.
True False
15. The vUruguay vRound, vheld vunder vthe vumbrella vof vGATT, vextended vGATT vto vcover vservices vas
vwellvas vmanufactured vgoods.
True False
16. The vlowering vof vtrade vand vinvestment vbarriers vallows vfirms vto vbase vproduction vat vthe
voptimalvlocation vfor vthat vactivity.
True False
17. As va vresult vof vinternational vtrade, vthe veconomies vof vthe vworld’s vnation-states vare vbecoming
vlessvintertwined.
True False
18. The vglobalization vof vmarkets vand vproduction vand vthe vresulting vgrowth vof vworld vtrade,
vforeignvdirect vinvestment, vand vimports vall vimply vthat vfirms vare vfinding vit veasier vto vprotect
vthemselves vfrom
the vattack vof vforeign vcompetitors.
v v v v v v
12th Edition By Charles Hill Chapters 1 - 17
v v v v v v v v
,Chapter vOne vGlobalization v
PART vTWO vNational vDifferences
Chapter vTwo vNational vDifferences vin vPolitical, vEconomic, vand vLegal vSystems v
Chapter vThree vNational vDifferences vin vEconomic vDevelopment v
Chapter vFour vDifferences vin vCulture v
Chapter vFive vEthics, vCorporate vSocial vResponsibility, vand vSustainability v
PART vTHREE vThe vGlobal vTrade vand vInvestment vEnvironment
Chapter vSix vInternational vTrade vTheory v
Chapter vSeven vGovernment vPolicy vand vInternational vTrade v
Chapter vEight vForeign vDirect vInvestment v
Chapter vNine vRegional vEconomic vIntegration v
PART vFOUR vThe vGlobal vMonetary vSystem
Chapter vTen vThe vForeign vExchange vMarket v
Chapter vEleven vThe vInternational vMonetary vSystem v
PART vFIVE vThe vStrategy vof vInternational vBusiness
Chapter vTwelve vThe vStrategy vof vInternational vBusiness v
Chapter vThirteen vEntering vDeveloped vand vEmerging vMarkets v
PART vSIX vInternational vBusiness vFunctions
Chapter vFourteen vExporting, vImporting, vand vCountertrade v
Chapter vFifteen vGlobal vProduction vand vSupply vChain vManagement v
Chapter vSixteen vGlobal vMarketing vand vBusiness vAnalytics v
Chapter vSeventeen vGlobal vHuman vResource vManagement v v
,Answers vare vat vthe vend vof veach vchapter
Chapter v01
v GlobalizationvTrue v/
v False vQuestions
1. As va vresult vof vglobalization, vwe vhave vbeen vmoving vtoward va vworld vin vwhich vnational
veconomiesvare vrelatively vself-contained ventities.
True False
2. By voffering vthe vsame vbasic vproduct vworldwide, vfirms vhelp vto vcreate va vglobal
market.vTrue False
v
3. A vcompany vhas vto vbe vthe vsize vof va vmultinational vgiant vto vfacilitate, vand vbenefit vfrom,
vthevglobalization vof vmarkets.
True False
4. As va vresult vof vglobalization, vcompanies vrarely vneed vto vcustomize vmarketing vstrategies,
vproductvfeatures, vand voperating vpractices vin vdifferent vcountries.
True False
5. Globalization vhas vresulted vin vgreater vuniformity vreplacing vdiversity vacross vnational
v markets.vTrue False
6. As vfirms vfollow veach vother varound vthe vworld, vthey vbring vwith vthem vmany vof vthe vassets
vthatvserved vthem vwell vin vother vnational vmarkets. vThus, vgreater vdiversity vreplaces vuniformity.
True False
7. Substantial vimpediments, vsuch vas vbarriers vto vforeign vdirect vinvestment, vmake vit vdifficult vfor
vfirmsvto vachieve vthe voptimal vdispersion vof vtheir vproductive vactivities vto vlocations varound vthe vglobe.
True False
8. The vWorld vTrade vOrganization, vthe vInternational vMonetary vFund vand vits vsister vinstitution
vthevWorld vBank, vand vthe vUnited vNations vwere vall vcreated vby vvoluntary vagreement vbetween
vindividual vnation- vstates.
True False
, 9. The vInternational vMonetary vFund vand vthe vWorld vBank vwere vboth vcreated vin v1944 vby v44
vnationsvthat vmet vat vBretton vWoods, vNew vHampshire.
True False
10. The vWTO vis vseen vas vthe vlender vof vlast vresort vto vnation-states vwhose veconomies vare vin
vturmoilvand vwhose vcurrencies vare vlosing vvalue vagainst vthose vof vother vnations.
True False
11. The vIMF vis vless vcontroversial vthan vits vsister vinstitution, vthe vWorld
v Bank.vTrue False
12. In vreturn vfor vloans, vthe vIMF vrequires vnation-states vto vadopt vspecific veconomic vpolicies
vaimed vatvreturning vtheir vtroubled veconomies vto vstability vand vgrowth.
True False
13. Foreign vdirect vinvestment v(FDI) voccurs vwhen va vfirm vinvests vresources vin vbusiness
vactivitiesvoutside vits vhome vcountry.
True False
14. After vWorld vWar vII, vthe vadvanced vnations vof vthe vWest vcommitted vthemselves vto
vincreasingvbarriers vto vthe vfree vflow vof vgoods, vservices, vand vcapital vbetween vnations.
True False
15. The vUruguay vRound, vheld vunder vthe vumbrella vof vGATT, vextended vGATT vto vcover vservices vas
vwellvas vmanufactured vgoods.
True False
16. The vlowering vof vtrade vand vinvestment vbarriers vallows vfirms vto vbase vproduction vat vthe
voptimalvlocation vfor vthat vactivity.
True False
17. As va vresult vof vinternational vtrade, vthe veconomies vof vthe vworld’s vnation-states vare vbecoming
vlessvintertwined.
True False
18. The vglobalization vof vmarkets vand vproduction vand vthe vresulting vgrowth vof vworld vtrade,
vforeignvdirect vinvestment, vand vimports vall vimply vthat vfirms vare vfinding vit veasier vto vprotect
vthemselves vfrom
the vattack vof vforeign vcompetitors.
