TEST BANK For Global Business Today,
w w w w w w
12th Edition By Charles Hill Chapters 1 - 17
w w w w w w w w
,Chapter wOne wGlobalization w
PART wTWO wNational wDifferences
Chapter wTwo wNational wDifferences win wPolitical, wEconomic, wand wLegal wSystems w
Chapter wThree wNational wDifferences win wEconomic wDevelopment w
Chapter wFour wDifferences win wCulture w
Chapter wFive wEthics, wCorporate wSocial wResponsibility, wand wSustainability w
PART wTHREE wThe wGlobal wTrade wand wInvestment wEnvironment
Chapter wSix wInternational wTrade wTheory w
Chapter wSeven wGovernment wPolicy wand wInternational wTrade w
Chapter wEight wForeign wDirect wInvestment w
Chapter wNine wRegional wEconomic wIntegration w
PART wFOUR wThe wGlobal wMonetary wSystem
Chapter wTen wThe wForeign wExchange wMarket w
Chapter wEleven wThe wInternational wMonetary wSystem w
PART wFIVE wThe wStrategy wof wInternational wBusiness
Chapter wTwelve wThe wStrategy wof wInternational wBusiness w
Chapter wThirteen wEntering wDeveloped wand wEmerging wMarkets w
PART wSIX wInternational wBusiness wFunctions
Chapter wFourteen wExporting, wImporting, wand wCountertrade w
Chapter wFifteen wGlobal wProduction wand wSupply wChain wManagement w
Chapter wSixteen wGlobal wMarketing wand wBusiness wAnalytics w
Chapter wSeventeen wGlobal wHuman wResource wManagement w w
,Answers ware wat wthe wend wof weach wchapter
Chapter w01
w GlobalizationwTrue w/
w False wQuestions
1. As wa wresult wof wglobalization, wwe whave wbeen wmoving wtoward wa wworld win wwhich wnational
weconomiesware wrelatively wself-contained wentities.
True False
2. By woffering wthe wsame wbasic wproduct wworldwide, wfirms whelp wto wcreate wa wglobal
market.wTrue False
w
3. A wcompany whas wto wbe wthe wsize wof wa wmultinational wgiant wto wfacilitate, wand wbenefit
wfrom, wthewglobalization wof wmarkets.
True False
4. As wa wresult wof wglobalization, wcompanies wrarely wneed wto wcustomize wmarketing wstrategies,
wproductwfeatures, wand woperating wpractices win wdifferent wcountries.
True False
5. Globalization whas wresulted win wgreater wuniformity wreplacing wdiversity wacross wnational
w markets.wTrue False
6. As wfirms wfollow weach wother waround wthe wworld, wthey wbring wwith wthem wmany wof wthe
wassets wthatwserved wthem wwell win wother wnational wmarkets. wThus, wgreater wdiversity wreplaces
wuniformity.
True False
7. Substantial wimpediments, wsuch was wbarriers wto wforeign wdirect winvestment, wmake wit wdifficult
wfor wfirmswto wachieve wthe woptimal wdispersion wof wtheir wproductive wactivities wto wlocations waround
wthe wglobe.
True False
8. The wWorld wTrade wOrganization, wthe wInternational wMonetary wFund wand wits wsister
winstitution wthewWorld wBank, wand wthe wUnited wNations wwere wall wcreated wby wvoluntary
wagreement wbetween windividual wnation- wstates.
True False
, 9. The wInternational wMonetary wFund wand wthe wWorld wBank wwere wboth wcreated win w1944 wby
w44 wnationswthat wmet wat wBretton wWoods, wNew wHampshire.
True False
10. The wWTO wis wseen was wthe wlender wof wlast wresort wto wnation-states wwhose weconomies ware
win wturmoilwand wwhose wcurrencies ware wlosing wvalue wagainst wthose wof wother wnations.
True False
11. The wIMF wis wless wcontroversial wthan wits wsister winstitution, wthe
w World wBank.wTrue False
12. In wreturn wfor wloans, wthe wIMF wrequires wnation-states wto wadopt wspecific weconomic wpolicies
waimed watwreturning wtheir wtroubled weconomies wto wstability wand wgrowth.
True False
13. Foreign wdirect winvestment w(FDI) woccurs wwhen wa wfirm winvests wresources win wbusiness
wactivitieswoutside wits whome wcountry.
True False
14. After wWorld wWar wII, wthe wadvanced wnations wof wthe wWest wcommitted wthemselves wto
wincreasingwbarriers wto wthe wfree wflow wof wgoods, wservices, wand wcapital wbetween wnations.
True False
15. The wUruguay wRound, wheld wunder wthe wumbrella wof wGATT, wextended wGATT wto wcover
wservices was wwellwas wmanufactured wgoods.
True False
16. The wlowering wof wtrade wand winvestment wbarriers wallows wfirms wto wbase wproduction wat
wthe woptimalwlocation wfor wthat wactivity.
True False
17. As wa wresult wof winternational wtrade, wthe weconomies wof wthe wworld’s wnation-states ware
wbecoming wlesswintertwined.
True False
18. The wglobalization wof wmarkets wand wproduction wand wthe wresulting wgrowth wof wworld
wtrade, wforeignwdirect winvestment, wand wimports wall wimply wthat wfirms ware wfinding wit weasier wto
wprotect wthemselves wfrom
the wattack wof wforeign wcompetitors.
w w w w w w
12th Edition By Charles Hill Chapters 1 - 17
w w w w w w w w
,Chapter wOne wGlobalization w
PART wTWO wNational wDifferences
Chapter wTwo wNational wDifferences win wPolitical, wEconomic, wand wLegal wSystems w
Chapter wThree wNational wDifferences win wEconomic wDevelopment w
Chapter wFour wDifferences win wCulture w
Chapter wFive wEthics, wCorporate wSocial wResponsibility, wand wSustainability w
PART wTHREE wThe wGlobal wTrade wand wInvestment wEnvironment
Chapter wSix wInternational wTrade wTheory w
Chapter wSeven wGovernment wPolicy wand wInternational wTrade w
Chapter wEight wForeign wDirect wInvestment w
Chapter wNine wRegional wEconomic wIntegration w
PART wFOUR wThe wGlobal wMonetary wSystem
Chapter wTen wThe wForeign wExchange wMarket w
Chapter wEleven wThe wInternational wMonetary wSystem w
PART wFIVE wThe wStrategy wof wInternational wBusiness
Chapter wTwelve wThe wStrategy wof wInternational wBusiness w
Chapter wThirteen wEntering wDeveloped wand wEmerging wMarkets w
PART wSIX wInternational wBusiness wFunctions
Chapter wFourteen wExporting, wImporting, wand wCountertrade w
Chapter wFifteen wGlobal wProduction wand wSupply wChain wManagement w
Chapter wSixteen wGlobal wMarketing wand wBusiness wAnalytics w
Chapter wSeventeen wGlobal wHuman wResource wManagement w w
,Answers ware wat wthe wend wof weach wchapter
Chapter w01
w GlobalizationwTrue w/
w False wQuestions
1. As wa wresult wof wglobalization, wwe whave wbeen wmoving wtoward wa wworld win wwhich wnational
weconomiesware wrelatively wself-contained wentities.
True False
2. By woffering wthe wsame wbasic wproduct wworldwide, wfirms whelp wto wcreate wa wglobal
market.wTrue False
w
3. A wcompany whas wto wbe wthe wsize wof wa wmultinational wgiant wto wfacilitate, wand wbenefit
wfrom, wthewglobalization wof wmarkets.
True False
4. As wa wresult wof wglobalization, wcompanies wrarely wneed wto wcustomize wmarketing wstrategies,
wproductwfeatures, wand woperating wpractices win wdifferent wcountries.
True False
5. Globalization whas wresulted win wgreater wuniformity wreplacing wdiversity wacross wnational
w markets.wTrue False
6. As wfirms wfollow weach wother waround wthe wworld, wthey wbring wwith wthem wmany wof wthe
wassets wthatwserved wthem wwell win wother wnational wmarkets. wThus, wgreater wdiversity wreplaces
wuniformity.
True False
7. Substantial wimpediments, wsuch was wbarriers wto wforeign wdirect winvestment, wmake wit wdifficult
wfor wfirmswto wachieve wthe woptimal wdispersion wof wtheir wproductive wactivities wto wlocations waround
wthe wglobe.
True False
8. The wWorld wTrade wOrganization, wthe wInternational wMonetary wFund wand wits wsister
winstitution wthewWorld wBank, wand wthe wUnited wNations wwere wall wcreated wby wvoluntary
wagreement wbetween windividual wnation- wstates.
True False
, 9. The wInternational wMonetary wFund wand wthe wWorld wBank wwere wboth wcreated win w1944 wby
w44 wnationswthat wmet wat wBretton wWoods, wNew wHampshire.
True False
10. The wWTO wis wseen was wthe wlender wof wlast wresort wto wnation-states wwhose weconomies ware
win wturmoilwand wwhose wcurrencies ware wlosing wvalue wagainst wthose wof wother wnations.
True False
11. The wIMF wis wless wcontroversial wthan wits wsister winstitution, wthe
w World wBank.wTrue False
12. In wreturn wfor wloans, wthe wIMF wrequires wnation-states wto wadopt wspecific weconomic wpolicies
waimed watwreturning wtheir wtroubled weconomies wto wstability wand wgrowth.
True False
13. Foreign wdirect winvestment w(FDI) woccurs wwhen wa wfirm winvests wresources win wbusiness
wactivitieswoutside wits whome wcountry.
True False
14. After wWorld wWar wII, wthe wadvanced wnations wof wthe wWest wcommitted wthemselves wto
wincreasingwbarriers wto wthe wfree wflow wof wgoods, wservices, wand wcapital wbetween wnations.
True False
15. The wUruguay wRound, wheld wunder wthe wumbrella wof wGATT, wextended wGATT wto wcover
wservices was wwellwas wmanufactured wgoods.
True False
16. The wlowering wof wtrade wand winvestment wbarriers wallows wfirms wto wbase wproduction wat
wthe woptimalwlocation wfor wthat wactivity.
True False
17. As wa wresult wof winternational wtrade, wthe weconomies wof wthe wworld’s wnation-states ware
wbecoming wlesswintertwined.
True False
18. The wglobalization wof wmarkets wand wproduction wand wthe wresulting wgrowth wof wworld
wtrade, wforeignwdirect winvestment, wand wimports wall wimply wthat wfirms ware wfinding wit weasier wto
wprotect wthemselves wfrom
the wattack wof wforeign wcompetitors.
