Question 1

Differentiate between the International Monetary Fund and the World Bank as institutions facilitating globalization.

Accepted Answer

The International Monetary Fund (IMF) an

Question 2

The only way workers in industrialized countries can compete with their counterparts in the developing world will be through:

Accepted Answer

A) increased use of the cost leadership strategy. 
B) increased diversity within the organization. 
C) increased empowerment of employees. 
D) increased productivity by using technologically-intensive manufacturing technologies. 
E) increased flat organization structure. 
A) increased use of the cost leadership strategy. 
B) increased diversity within the organization. 
C) increased empowerment of employees. 
D) increased productivity by using technologically-intensive manufacturing technologies. 
E) increased flat organization structure.

Question 3

National laws aimed at maintaining competition in all sectors of the economy and preventing monopolistic behavior of firms are called _______.

Accepted Answer

The answer of National laws aimed at maintaining competition in...

Question 4

The International Bank for Reconstruction and Development performs which of the following functions?

Accepted Answer

A) Provides long-term low-interest social sector and infrastructure loans to the poorest members utilizing foreign aid funds provided by rich nation members 
B) Provide loans and take equity position in private companies of developing countries and works toward developing capital markets in those economies 
C) Supports reconstruction and restructuring of member countries utilizing funds raised in international capital markets 
D) Provides political risk coverage for private investments made in developing countries 
E) Works on issues related to foreign investment disputes 
A) Provides long-term low-interest social sector and infrastructure loans to the poorest members utilizing foreign aid funds provided by rich nation members 
B) Provide loans and take equity position in private companies of developing countries and works toward developing capital markets in those economies 
C) Supports reconstruction and restructuring of member countries utilizing funds raised in international capital markets 
D) Provides political risk coverage for private investments made in developing countries 
E) Works on issues related to foreign investment disputes

Question 5

Brazilian Juice, a manufacturer of healthy fruit juices in Brazil, sells juice in six different countries including United States. Brazilian juice is engaging in

Accepted Answer

A) economic development in United States. 
B) exercising nontariff barriers in Brazil. 
C) unfair trade practices. 
D) globalization. 
E) the World Trade Bank Group. 
A) economic development in United States. 
B) exercising nontariff barriers in Brazil. 
C) unfair trade practices. 
D) globalization. 
E) the World Trade Bank Group.

Question 6

Which of the following is NOT a main purpose of the IMF?

Accepted Answer

A) Provide a forum for cooperation on international monetary problems 
B) Facilitate the sustainable growth of international trade 
C) Promote exchange rate stability 
D) Lend countries foreign exchange when needed 
E) Provide long-term low-interest social sector and infrastructure loans 
A) Provide a forum for cooperation on international monetary problems 
B) Facilitate the sustainable growth of international trade 
C) Promote exchange rate stability 
D) Lend countries foreign exchange when needed 
E) Provide long-term low-interest social sector and infrastructure loans

Question 7

With business becoming increasingly global, its success, fortunately, depends only on the domestic environment.

Accepted Answer

A) True 
 B)False

Question 8

The mangers of the Everline Corporation attribute their company's continued profitability to the idea that globalization and information technology are closely related to one another.  They acknowledge that the information technology revolution has occurred almost instantaneously.  Which one of the following would not be considered a benefit derived from this so-called revolution?

Accepted Answer

A) Societal hierarchies have grown in number to better accommodate information technology changes. 
B) A more free flow of capital across national boundaries has occurred. 
C) Operating costs have decreased for many businesses. 
D) The production of goods and services has become globalized 
E) The costs of communication are reduced. 
A) Societal hierarchies have grown in number to better accommodate information technology changes. 
B) A more free flow of capital across national boundaries has occurred. 
C) Operating costs have decreased for many businesses. 
D) The production of goods and services has become globalized 
E) The costs of communication are reduced.

Question 9

Which of the following is NOT true regarding globalization?

Accepted Answer

A) It guarantees that quality of life for all people will increase. 
B) It creates winners and losers. 
C) It has the potential to increase the quality of life for people. 
D) Some multinational companies will utilize globalization may try to pay substandard wages to the workers they employ in developing countries. 
E) Export barriers may need to be imposed by the WTO to help regulate the actions of multinational companies. 
A) It guarantees that quality of life for all people will increase. 
B) It creates winners and losers. 
C) It has the potential to increase the quality of life for people. 
D) Some multinational companies will utilize globalization may try to pay substandard wages to the workers they employ in developing countries. 
E) Export barriers may need to be imposed by the WTO to help regulate the actions of multinational companies.

Question 10

The International Finance Corporation (IFC)performs which of the following functions?

Accepted Answer

A) Provides long-term low-interest social sector and infrastructure loans to the poorest members utilizing foreign aid funds provided by rich nation members 
B) Provide loans and take equity position in private companies of developing countries and works toward developing capital markets in those economies 
C) Supports reconstruction and restructuring of member countries utilizing funds raised in international capital markets 
D) Provides political risk coverage for private investments made in developing countries 
E) Works on issues related to foreign investment disputes 
A) Provides long-term low-interest social sector and infrastructure loans to the poorest members utilizing foreign aid funds provided by rich nation members 
B) Provide loans and take equity position in private companies of developing countries and works toward developing capital markets in those economies 
C) Supports reconstruction and restructuring of member countries utilizing funds raised in international capital markets 
D) Provides political risk coverage for private investments made in developing countries 
E) Works on issues related to foreign investment disputes

Question 11

Key aspects of globalization include the elimination of barriers to trade and information technology.

Accepted Answer

A) True 
 B)False

Question 12

Globalized economies like New Zealand and Singapore rank at the top in index for absence of corruption by Transparency International.

Accepted Answer

A) True 
 B)False

Question 13

Identify and describe any two key policy measures that make globalization sustainable.

Accepted Answer

Two key policy measures that make global

Question 14

The foundations of the globalized business world are political-and so are the biggest threats to the system.

Accepted Answer

A) True 
 B)False

Question 15

According to the authors, which of the following is NOT true regarding globalization lessons for developing countries?

Accepted Answer

A) Import oriented nations must switch to concentrate on domestication. 
B) Export oriented nations must diversify their market to include major emerging economies. 
C) Countries emphasizing exports should base their strategy on their true competitive advantage. 
D) For countries with large populations, the size of the domestic market remains most important. 
E) Overindulgence can lead to disaster. 
A) Import oriented nations must switch to concentrate on domestication. 
B) Export oriented nations must diversify their market to include major emerging economies. 
C) Countries emphasizing exports should base their strategy on their true competitive advantage. 
D) For countries with large populations, the size of the domestic market remains most important. 
E) Overindulgence can lead to disaster.

Question 16

Which of the following is NOT true regarding results from a survey by the World Bank on corporate social responsibility (CSR)?

Accepted Answer

A) CSR practices are now a significant factor in determining where multinational companies conduct business. 
B) 90% of the companies surveyed have board-approved policies on environmental management. 
C) 90% of multinationals will make their decisions based on CSR issues with regard to foreign direct investment. 
D) CSR issues consistently implemented for the long term lead to sustainable business and development. 
E) CSR includes issues such as labor rights, corruption, human rights, community health, and land rights. 
A) CSR practices are now a significant factor in determining where multinational companies conduct business. 
B) 90% of the companies surveyed have board-approved policies on environmental management. 
C) 90% of multinationals will make their decisions based on CSR issues with regard to foreign direct investment. 
D) CSR issues consistently implemented for the long term lead to sustainable business and development. 
E) CSR includes issues such as labor rights, corruption, human rights, community health, and land rights.

Question 17

An office uses printer paper made primarily of recycled paper. This is an example of a ______ policy.

Accepted Answer

A) future sourcing 
B) global warming 
C) next-generation consumer hook 
D) digital divide 
E) sustainable development 
A) future sourcing 
B) global warming 
C) next-generation consumer hook 
D) digital divide 
E) sustainable development

Question 18

The openness and proliferation of globalization and free trade rules can best be attributed to the interwar period between World War I and II.

Accepted Answer

A) True 
 B)False

Question 19

A stock exchange where long-term financial instruments such as stocks and bonds can be bought and sold refers to _______.

Accepted Answer

The answer of A stock exchange where long-term financial instruments...

Question 20

The World Bank was conceived at the ________ Conference in 1944.

Accepted Answer

The answer of The World Bank was conceived at the...

Differentiate between the International Monetary Fund and the World Bank as institutions facilitating globalization.

The only way workers in industrialized countries can compete with their counterparts in the developing world will be through:

National laws aimed at maintaining competition in all sectors of the economy and preventing monopolistic behavior of firms are called _______.

The International Bank for Reconstruction and Development performs which of the following functions?

Brazilian Juice, a manufacturer of healthy fruit juices in Brazil, sells juice in six different countries including United States. Brazilian juice is engaging in

Which of the following is NOT a main purpose of the IMF?

With business becoming increasingly global, its success, fortunately, depends only on the domestic environment.

Which of the following is NOT true regarding globalization?

The International Finance Corporation (IFC)performs which of the following functions?

Key aspects of globalization include the elimination of barriers to trade and information technology.

Globalized economies like New Zealand and Singapore rank at the top in index for absence of corruption by Transparency International.

Identify and describe any two key policy measures that make globalization sustainable.

The foundations of the globalized business world are political-and so are the biggest threats to the system.

According to the authors, which of the following is NOT true regarding globalization lessons for developing countries?

Which of the following is NOT true regarding results from a survey by the World Bank on corporate social responsibility (CSR)?

An office uses printer paper made primarily of recycled paper. This is an example of a ______ policy.

The openness and proliferation of globalization and free trade rules can best be attributed to the interwar period between World War I and II.

A stock exchange where long-term financial instruments such as stocks and bonds can be bought and sold refers to _______.

The World Bank was conceived at the ________ Conference in 1944.

The Evolution of International Business

Regional Economic Integration

The International Flow of Funds and Exchange Rates

The Cultural Environment of Global Business

The Legal, Economic and Political Environment of Global Business

Corruption and Ethics in Global Business

Entry Strategies in Global Business

Control of Global Business

The Organization of Global Business

Global Human Resource Management

Global Marketing

Global Operations and Supply-Chain Management

Global Financial Management

Global Accounting and Taxation

Filters

Exam 1: The Rise of Globalization

Differentiate between the International Monetary Fund and the World Bank as institutions facilitating globalization.

The only way workers in industrialized countries can compete with their counterparts in the developing world will be through:

National laws aimed at maintaining competition in all sectors of the economy and preventing monopolistic behavior of firms are called _______.

The International Bank for Reconstruction and Development performs which of the following functions?

Brazilian Juice, a manufacturer of healthy fruit juices in Brazil, sells juice in six different countries including United States. Brazilian juice is engaging in

Which of the following is NOT a main purpose of the IMF?

With business becoming increasingly global, its success, fortunately, depends only on the domestic environment.

Which of the following is NOT true regarding globalization?

The International Finance Corporation (IFC)performs which of the following functions?

Key aspects of globalization include the elimination of barriers to trade and information technology.

Globalized economies like New Zealand and Singapore rank at the top in index for absence of corruption by Transparency International.

Identify and describe any two key policy measures that make globalization sustainable.

The foundations of the globalized business world are political-and so are the biggest threats to the system.

According to the authors, which of the following is NOT true regarding globalization lessons for developing countries?

Which of the following is NOT true regarding results from a survey by the World Bank on corporate social responsibility (CSR)?

An office uses printer paper made primarily of recycled paper. This is an example of a ______ policy.

The openness and proliferation of globalization and free trade rules can best be attributed to the interwar period between World War I and II.

A stock exchange where long-term financial instruments such as stocks and bonds can be bought and sold refers to _______.

The World Bank was conceived at the ________ Conference in 1944.

The Evolution of International Business

Regional Economic Integration

The International Flow of Funds and Exchange Rates

The Cultural Environment of Global Business

The Legal, Economic and Political Environment of Global Business

Corruption and Ethics in Global Business

Entry Strategies in Global Business

Control of Global Business

The Organization of Global Business

Global Human Resource Management

Global Marketing

Global Operations and Supply-Chain Management

Global Financial Management

Global Accounting and Taxation

Filters