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