GLOBAL BUSINESS TODAY, 12TH EDITION
TEST BANK
GLOBAL BUSINESS TODAY, 12TH EDITION BY CHARLES HILL ALL CHAPTERS 1 – 17
COVERED QUESTIONS AND ANSWERS GRADED A+ 100% VERIFIED.
,GLOBAL BUSINESS TODAY, 12TH EDITION
Chapter One Globalization
PART TWO National Differences
Chapter Two National Differences in Political, Economic, and Legal Systems
Chapter Three National Differences in Economic Development
Chapter Four Differences in Culture
Chapter Five Ethics, Corporate Social Responsibility, and Sustainability
PART THREE The Global Trade and Investment Environment
Chapter Six International Trade Theory
Chapter Seven Government Policy and International Trade
Chapter Eight Foreign Direct Investment
Chapter Nine Regional Economic Integration
PART FOUR The Global Monetary System
Chapter Ten The Foreign Exchange Market
Chapter Eleven The International Monetary System
PART FIVE The Strategy of International Business
Chapter Twelve The Strategy of International Business
Chapter Thirteen Entering Developed and Emerging Markets
PART SIX International Business Functions
Chapter Fourteen Exporting, Importing, and Countertrade
Chapter Fifteen Global Production and Supply Chain Management
Chapter Sixteen Global Marketing and Business Analytics
Chapter Seventeen Global Human Resource Management
,GLOBAL BUSINESS TODAY, 12TH EDITION
Answers are at the end of each chapter
Chapter 01
GlobalizationTrue /
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
, GLOBAL BUSINESS TODAY, 12TH EDITION
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.
TEST BANK
GLOBAL BUSINESS TODAY, 12TH EDITION BY CHARLES HILL ALL CHAPTERS 1 – 17
COVERED QUESTIONS AND ANSWERS GRADED A+ 100% VERIFIED.
,GLOBAL BUSINESS TODAY, 12TH EDITION
Chapter One Globalization
PART TWO National Differences
Chapter Two National Differences in Political, Economic, and Legal Systems
Chapter Three National Differences in Economic Development
Chapter Four Differences in Culture
Chapter Five Ethics, Corporate Social Responsibility, and Sustainability
PART THREE The Global Trade and Investment Environment
Chapter Six International Trade Theory
Chapter Seven Government Policy and International Trade
Chapter Eight Foreign Direct Investment
Chapter Nine Regional Economic Integration
PART FOUR The Global Monetary System
Chapter Ten The Foreign Exchange Market
Chapter Eleven The International Monetary System
PART FIVE The Strategy of International Business
Chapter Twelve The Strategy of International Business
Chapter Thirteen Entering Developed and Emerging Markets
PART SIX International Business Functions
Chapter Fourteen Exporting, Importing, and Countertrade
Chapter Fifteen Global Production and Supply Chain Management
Chapter Sixteen Global Marketing and Business Analytics
Chapter Seventeen Global Human Resource Management
,GLOBAL BUSINESS TODAY, 12TH EDITION
Answers are at the end of each chapter
Chapter 01
GlobalizationTrue /
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
, GLOBAL BUSINESS TODAY, 12TH EDITION
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.
