Question 1

Industrialization implies that emerging markets are increasing their dependence on low-cost labor.

Accepted Answer

A) True 
 B)False

Question 2

The ________ phase of globalization began around 1900 and was associated with the rise of electricity and steel production.

Accepted Answer

A) first 
B) second 
C) third 
D) fourth 
A) first 
B) second 
C) third 
D) fourth

Question 3

Falling trade barriers are facilitated by the WTO.

Accepted Answer

A) True 
 B)False

Question 4

Over time, the GATT evolved into the ________.

Accepted Answer

A) World Bank 
B) International Monetary Fund 
C) World Trade Organization 
D) World Intellectual Property Organization 
A) World Bank 
B) International Monetary Fund 
C) World Trade Organization 
D) World Intellectual Property Organization

Question 5

Globalization of production activities and services is a dimension of market globalization.

Accepted Answer

A) True 
 B)False

Question 6

How has the adoption of free markets worldwide served as a driver of market globalization? Provide three examples to support your answer.

Accepted Answer

In the last three decades, free-market r

Question 7

Which of the following benefits of IT is specific to smaller firms?

Accepted Answer

A) It mitigates organizational anarchy. 
B) It creates competitive advantages by encouraging organizational learning. 
C) It aids in the consolidation of market monopolies. 
D) It allows firms to design and produce customized products they can target to narrow, cross-national market niches. 
A) It mitigates organizational anarchy. 
B) It creates competitive advantages by encouraging organizational learning. 
C) It aids in the consolidation of market monopolies. 
D) It allows firms to design and produce customized products they can target to narrow, cross-national market niches.

Question 8

Which of the following activities in Acme's value chain would be internationalized if Acme decides to establish a development contract with one of the Indian software firms?

Accepted Answer

A) sales 
B) distribution 
C) marketing 
D) procurement 
A) sales 
B) distribution 
C) marketing 
D) procurement

Question 9

The ability of a nation to govern its own affairs is known as ________.

Accepted Answer

A) sovereignty 
B) liberalization 
C) interdependence 
D) homogenization 
A) sovereignty 
B) liberalization 
C) interdependence 
D) homogenization

Question 10

The first phase of globalization was characterized by the ________.

Accepted Answer

A) rise of steel production 
B) rise of SMEs 
C) dominance of MNEs in the agricultural industry 
D) growth of railroads 
A) rise of steel production 
B) rise of SMEs 
C) dominance of MNEs in the agricultural industry 
D) growth of railroads

Question 11

________ refers to the tendency of a financial or monetary crisis in one country to spread rapidly to other countries, due to the ongoing integration of national economies.

Accepted Answer

A) Contagion 
B) Nationalization 
C) Internationalization 
D) Codetermination 
A) Contagion 
B) Nationalization 
C) Internationalization 
D) Codetermination

Question 12

Countries that liberalize international trade and investment enjoy faster per-capita economic growth.

Accepted Answer

A) True 
 B)False

Question 13

Convergence of consumer preferences has led to an enhanced emphasis on standardization which implies that ________.

Accepted Answer

A) the consistently rising prices of consumer goods have led to a demand vacuum in the market 
B) the distance between consumers worldwide has increased with the advent of technology 
C) the raw materials, parts, and components sourced by professional buyers are very similar in design and structure 
D) the globalization of services has adversely affected the quality of service worldwide 
A) the consistently rising prices of consumer goods have led to a demand vacuum in the market 
B) the distance between consumers worldwide has increased with the advent of technology 
C) the raw materials, parts, and components sourced by professional buyers are very similar in design and structure 
D) the globalization of services has adversely affected the quality of service worldwide

Question 14

The relocation of manufacturing and other value-chain activities to cost-effective locations abroad is known as ________.

Accepted Answer

A) insourcing 
B) cultural imperialism 
C) contagion 
D) offshoring 
A) insourcing 
B) cultural imperialism 
C) contagion 
D) offshoring

Question 15

________ marked the end of the 50-year Cold War and smoothed the integration of former command economies into the global economy.

Accepted Answer

A) The end of World War II 
B) The Bolshevik Revolution in Russia 
C) Free-market reforms in China and the former Soviet Union 
D) China's move to join the WTO 
A) The end of World War II 
B) The Bolshevik Revolution in Russia 
C) Free-market reforms in China and the former Soviet Union 
D) China's move to join the WTO

Question 16

What is implied by industrialization? How does it bring about economic development?

Accepted Answer

Many emerging markets-rapidly developing

Question 17

Globalization results in more demanding buyers who shop for the best deals worldwide.

Accepted Answer

A) True 
 B)False

Question 18

The fourth phase of globalization is characterized by ________.

Accepted Answer

A) the rise of railroads and ocean transport 
B) the reduction of barriers to trade by Western industrialized countries 
C) the initiation of the Marshall Plan to reconstruct Europe 
D) the enormous growth of cross-border trade and investment 
A) the rise of railroads and ocean transport 
B) the reduction of barriers to trade by Western industrialized countries 
C) the initiation of the Marshall Plan to reconstruct Europe 
D) the enormous growth of cross-border trade and investment

Question 19

To which of the following drivers of market globalization is Markus most likely to attribute his company's expansion to Eastern Europe?

Accepted Answer

A) advances in technology 
B) integration of world financial markets 
C) market liberalization 
D) industrialization 
A) advances in technology 
B) integration of world financial markets 
C) market liberalization 
D) industrialization

Question 20

Which of the following statements is true about value chain and international business?

Accepted Answer

A) Exporting firms perform most of the downstream value chain activities in the home market. 
B) Exporting firms perform most of the upstream value chain activities in the home market. 
C) Exporting firms perform most of the upstream value chain activities abroad. 
D) Exporting firms perform most of the research and product development and production abroad. 
A) Exporting firms perform most of the downstream value chain activities in the home market. 
B) Exporting firms perform most of the upstream value chain activities in the home market. 
C) Exporting firms perform most of the upstream value chain activities abroad. 
D) Exporting firms perform most of the research and product development and production abroad.

Industrialization implies that emerging markets are increasing their dependence on low-cost labor.

The ________ phase of globalization began around 1900 and was associated with the rise of electricity and steel production.

Falling trade barriers are facilitated by the WTO.

Over time, the GATT evolved into the ________.

Globalization of production activities and services is a dimension of market globalization.

How has the adoption of free markets worldwide served as a driver of market globalization? Provide three examples to support your answer.

Which of the following benefits of IT is specific to smaller firms?

Which of the following activities in Acme's value chain would be internationalized if Acme decides to establish a development contract with one of the Indian software firms?

The ability of a nation to govern its own affairs is known as ________.

The first phase of globalization was characterized by the ________.

________ refers to the tendency of a financial or monetary crisis in one country to spread rapidly to other countries, due to the ongoing integration of national economies.

Countries that liberalize international trade and investment enjoy faster per-capita economic growth.

Convergence of consumer preferences has led to an enhanced emphasis on standardization which implies that ________.

The relocation of manufacturing and other value-chain activities to cost-effective locations abroad is known as ________.

________ marked the end of the 50-year Cold War and smoothed the integration of former command economies into the global economy.

What is implied by industrialization? How does it bring about economic development?

Globalization results in more demanding buyers who shop for the best deals worldwide.

The fourth phase of globalization is characterized by ________.

To which of the following drivers of market globalization is Markus most likely to attribute his company's expansion to Eastern Europe?

Which of the following statements is true about value chain and international business?

Introduction: What Is International Business

The Cultural Environment of International Business

Ethics, Corporate Social Responsibility, Sustainability and Corporate Governance

Theories of International Trade and Investment

Political and Legal Systems in National Environments

Government Intervention and Regional Economic Integration

Understanding Emerging Markets

The International Monetary and Financial Environment

Financial Management and Accounting in the Global Firm

Strategy and Organization in the International Firm

Global Market Opportunity Assessment

Exporting and Global Sourcing

Foreign Direct Investment and Collaborative Ventures

Licensing, Franchising, and Other Contractual Strategies

Marketing in the Global Firm

Human Resource Management in the Global Firm

Filters

Exam 2: Globalization of Markets and the Internationalization of the Firm

Industrialization implies that emerging markets are increasing their dependence on low-cost labor.

The ________ phase of globalization began around 1900 and was associated with the rise of electricity and steel production.

Falling trade barriers are facilitated by the WTO.

Over time, the GATT evolved into the ________.

Globalization of production activities and services is a dimension of market globalization.

How has the adoption of free markets worldwide served as a driver of market globalization? Provide three examples to support your answer.

Which of the following benefits of IT is specific to smaller firms?

Which of the following activities in Acme's value chain would be internationalized if Acme decides to establish a development contract with one of the Indian software firms?

The ability of a nation to govern its own affairs is known as ________.

The first phase of globalization was characterized by the ________.

________ refers to the tendency of a financial or monetary crisis in one country to spread rapidly to other countries, due to the ongoing integration of national economies.

Countries that liberalize international trade and investment enjoy faster per-capita economic growth.

Convergence of consumer preferences has led to an enhanced emphasis on standardization which implies that ________.

The relocation of manufacturing and other value-chain activities to cost-effective locations abroad is known as ________.

________ marked the end of the 50-year Cold War and smoothed the integration of former command economies into the global economy.

What is implied by industrialization? How does it bring about economic development?

Globalization results in more demanding buyers who shop for the best deals worldwide.

The fourth phase of globalization is characterized by ________.

To which of the following drivers of market globalization is Markus most likely to attribute his company's expansion to Eastern Europe?

Which of the following statements is true about value chain and international business?

Introduction: What Is International Business

The Cultural Environment of International Business

Ethics, Corporate Social Responsibility, Sustainability and Corporate Governance

Theories of International Trade and Investment

Political and Legal Systems in National Environments

Government Intervention and Regional Economic Integration

Understanding Emerging Markets

The International Monetary and Financial Environment

Financial Management and Accounting in the Global Firm

Strategy and Organization in the International Firm

Global Market Opportunity Assessment

Exporting and Global Sourcing

Foreign Direct Investment and Collaborative Ventures

Licensing, Franchising, and Other Contractual Strategies

Marketing in the Global Firm

Human Resource Management in the Global Firm

Filters