Question 1

Which of the following factors hinders globalization of consumer goods market?

Accepted Answer

A)  national differences in tastes and preferences 
B)  higher production costs in developed nations 
C)  homogenization of material culture 
D)  increased outsourcing of goods and services 
A)  national differences in tastes and preferences 
B)  higher production costs in developed nations 
C)  homogenization of material culture 
D)  increased outsourcing of goods and services A

Question 2

After the United States, the second-largest source country of MNEs is

Accepted Answer

A)  a tie between France and the United Kingdom. 
B)  China. 
C)  Japan. 
D)  a tie between Germany and the United Kingdom. 
A)  a tie between France and the United Kingdom. 
B)  China. 
C)  Japan. 
D)  a tie between Germany and the United Kingdom. C

Question 3

Containerization allows

Accepted Answer

A)  reduction of the time needed to get from one location to another. 
B)  simplification of transshipment from one mode of transport to another. 
C)  buyers and sellers to find each other easily in a global economy. 
D)  enterprises to coordinate and control a globally dispersed production system. 
A)  reduction of the time needed to get from one location to another. 
B)  simplification of transshipment from one mode of transport to another. 
C)  buyers and sellers to find each other easily in a global economy. 
D)  enterprises to coordinate and control a globally dispersed production system. B

Question 4

The World Trade Organization promotes

Accepted Answer

A)  the lowering of barriers to cross-border trade and investment. 
B)  the development of poor nations through low-interest loans. 
C)  state ownership of major enterprises. 
D)  the regulation of national economies. 
A)  the lowering of barriers to cross-border trade and investment. 
B)  the development of poor nations through low-interest loans. 
C)  state ownership of major enterprises. 
D)  the regulation of national economies.

Question 5

________ predicts that the power of microprocessor technology doubles and its cost of production falls in half every 18 months.

Accepted Answer

A)  Keynes's Law 
B)  Say's Law 
C)  Moore's Law 
D)  Sullivan Principle 
A)  Keynes's Law 
B)  Say's Law 
C)  Moore's Law 
D)  Sullivan Principle

Question 6

Which of the following is viewed by large segments of the population in many countries as a detrimental effect of antiglobalization?

Accepted Answer

A)  job growth in industries under attack from foreign competitors 
B)  upward pressure on the wage rates of unskilled workers 
C)  environmental degradation 
D)  cultural isolationism of global media and MNEs 
A)  job growth in industries under attack from foreign competitors 
B)  upward pressure on the wage rates of unskilled workers 
C)  environmental degradation 
D)  cultural isolationism of global media and MNEs

Question 7

What is the World Trade Organization? What is its role in the world economy?

Accepted Answer

The World Trade Organization (WTO) is pr

Question 8

Throughout the 1990s, the amount of foreign direct investment directed at both developed and developing nations increased dramatically. This trend reflects

Accepted Answer

A)  a slowdown in global economic activity. 
B)  the increasing share of the United States in the total FDI stock. 
C)  the decline in cross-border flows of foreign direct investment. 
D)  the increasing internationalization of business corporations. 
A)  a slowdown in global economic activity. 
B)  the increasing share of the United States in the total FDI stock. 
C)  the decline in cross-border flows of foreign direct investment. 
D)  the increasing internationalization of business corporations.

Question 9

Which of the following is true of the supporters of debt relief for HIPCs?

Accepted Answer

A)  They argue that free trade alone is sufficient to bring HIPCs out of poverty. 
B)  They argue that new democratic governments should be forced to honor debts incurred by previous corrupt predecessors. 
C)  They include Bono, the Dalai Lama, and Jeffrey Sachs among their ranks. 
D)  They are working against the policies of the IMF and World Bank. 
A)  They argue that free trade alone is sufficient to bring HIPCs out of poverty. 
B)  They argue that new democratic governments should be forced to honor debts incurred by previous corrupt predecessors. 
C)  They include Bono, the Dalai Lama, and Jeffrey Sachs among their ranks. 
D)  They are working against the policies of the IMF and World Bank.

Question 10

What is the Uruguay Round? List the measures implemented in the Uruguay Round.

Accepted Answer

Under the umbrella of GATT, eight rounds

Question 11

Which of the following was established to maintain order in the international monetary system?

Accepted Answer

A)  the WTO 
B)  the GATT 
C)  the World Bank 
D)  the IMF 
A)  the WTO 
B)  the GATT 
C)  the World Bank 
D)  the IMF

Question 12

When Cyprus had a financial crisis, it went to the World Bank, known as the lender of last resort, to bail it out.

Accepted Answer

A) True 
 B)False

Question 13

How does managing an international business differ from managing a domestic business?

Accepted Answer

A)  International managers are more experienced. 
B)  Countries differ in their cultures and systems. 
C)  Countries want to do business with their neighbors. 
D)  Countries want to keep their transactions simple. 
A)  International managers are more experienced. 
B)  Countries differ in their cultures and systems. 
C)  Countries want to do business with their neighbors. 
D)  Countries want to keep their transactions simple.

Question 14

Because Russia has shown signs of shifting back toward greater state involvement in economic activity and authoritarian government, doing business in Russia is considered risky.

Accepted Answer

A) True 
 B)False

Question 15

Discuss the demographics of world trade since the 1960s. How has the role of the United States changed? How is world trade expected to change in the future?

Accepted Answer

In the early 1960s, the United States wa

Question 16

Since the collapse of communism over a quarter of a century ago, formerly communist nations have transformed their economies by globalizing their markets. This involves

Accepted Answer

A)  regulating markets. 
B)  privatizing state-owned enterprises. 
C)  decreasing competition. 
D)  reducing foreign investment. 
A)  regulating markets. 
B)  privatizing state-owned enterprises. 
C)  decreasing competition. 
D)  reducing foreign investment.

Question 17

ABC Global has decided to invest resources in business activities outside its home country. This is called

Accepted Answer

A)  foreign direct investment (FDI). 
B)  direct international investment (DII). 
C)  international trade (IT). 
D)  foreign direct production (FDP). 
A)  foreign direct investment (FDI). 
B)  direct international investment (DII). 
C)  international trade (IT). 
D)  foreign direct production (FDP).

Question 18

The Uruguay Round, finalized in December 1993, reduced protection for patents, trademarks, and copyrights.

Accepted Answer

A) True 
 B)False

Question 19

The downside of increased globalization is

Accepted Answer

A)  global financial contagions are less likely. 
B)  a severe crisis in one region can affect the entire globe. 
C)  one nation may become too powerful. 
D)  the potential for increased exploitation of undeveloped nations by developed nations. 
A)  global financial contagions are less likely. 
B)  a severe crisis in one region can affect the entire globe. 
C)  one nation may become too powerful. 
D)  the potential for increased exploitation of undeveloped nations by developed nations.

Question 20

While the hump-shaped relationship between income levels and pollution levels seems to hold across a wide range of pollutants, ________ represent an important exception.

Accepted Answer

A)  sulfur dioxide emissions 
B)  lead concentrations 
C)  carbon dioxide emissions 
D)  water quality standards 
A)  sulfur dioxide emissions 
B)  lead concentrations 
C)  carbon dioxide emissions 
D)  water quality standards

Which of the following factors hinders globalization of consumer goods market?

After the United States, the second-largest source country of MNEs is

Containerization allows

The World Trade Organization promotes

________ predicts that the power of microprocessor technology doubles and its cost of production falls in half every 18 months.

Which of the following is viewed by large segments of the population in many countries as a detrimental effect of antiglobalization?

What is the World Trade Organization? What is its role in the world economy?

Throughout the 1990s, the amount of foreign direct investment directed at both developed and developing nations increased dramatically. This trend reflects

Which of the following is true of the supporters of debt relief for HIPCs?

What is the Uruguay Round? List the measures implemented in the Uruguay Round.

Which of the following was established to maintain order in the international monetary system?

When Cyprus had a financial crisis, it went to the World Bank, known as the lender of last resort, to bail it out.

How does managing an international business differ from managing a domestic business?

Because Russia has shown signs of shifting back toward greater state involvement in economic activity and authoritarian government, doing business in Russia is considered risky.

Discuss the demographics of world trade since the 1960s. How has the role of the United States changed? How is world trade expected to change in the future?

Since the collapse of communism over a quarter of a century ago, formerly communist nations have transformed their economies by globalizing their markets. This involves

ABC Global has decided to invest resources in business activities outside its home country. This is called

The Uruguay Round, finalized in December 1993, reduced protection for patents, trademarks, and copyrights.

The downside of increased globalization is

While the hump-shaped relationship between income levels and pollution levels seems to hold across a wide range of pollutants, ________ represent an important exception.

National Differences in Political, Economic, and Legal Systems

National Differences in Economic Development

Differences in Culture

Ethics, Corporate Social Responsibility, and Sustainability

International Trade Theory

Government Policy and International Trade

Foreign Direct Investment

Regional Economic Integration

The Foreign Exchange Market

The International Monetary System

The Global Capital Market

The Strategy of International Business

The Organization of International Business

Entry Strategy and Strategic Alliances

Exporting, Importing, and Countertrade

Global Production and Supply Chain Management

Global Marketing and R&D

Global Human Resource Management

Accounting and Finance in the International Business

Filters

Exam 1: Globalization

Which of the following factors hinders globalization of consumer goods market?

After the United States, the second-largest source country of MNEs is

Containerization allows

The World Trade Organization promotes

________ predicts that the power of microprocessor technology doubles and its cost of production falls in half every 18 months.

Which of the following is viewed by large segments of the population in many countries as a detrimental effect of antiglobalization?

What is the World Trade Organization? What is its role in the world economy?

Throughout the 1990s, the amount of foreign direct investment directed at both developed and developing nations increased dramatically. This trend reflects

Which of the following is true of the supporters of debt relief for HIPCs?

What is the Uruguay Round? List the measures implemented in the Uruguay Round.

Which of the following was established to maintain order in the international monetary system?

When Cyprus had a financial crisis, it went to the World Bank, known as the lender of last resort, to bail it out.

How does managing an international business differ from managing a domestic business?

Because Russia has shown signs of shifting back toward greater state involvement in economic activity and authoritarian government, doing business in Russia is considered risky.

Discuss the demographics of world trade since the 1960s. How has the role of the United States changed? How is world trade expected to change in the future?

Since the collapse of communism over a quarter of a century ago, formerly communist nations have transformed their economies by globalizing their markets. This involves

ABC Global has decided to invest resources in business activities outside its home country. This is called

The Uruguay Round, finalized in December 1993, reduced protection for patents, trademarks, and copyrights.

The downside of increased globalization is

While the hump-shaped relationship between income levels and pollution levels seems to hold across a wide range of pollutants, ________ represent an important exception.

National Differences in Political, Economic, and Legal Systems

National Differences in Economic Development

Differences in Culture

Ethics, Corporate Social Responsibility, and Sustainability

International Trade Theory

Government Policy and International Trade

Foreign Direct Investment

Regional Economic Integration

The Foreign Exchange Market

The International Monetary System

The Global Capital Market

The Strategy of International Business

The Organization of International Business

Entry Strategy and Strategic Alliances

Exporting, Importing, and Countertrade

Global Production and Supply Chain Management

Global Marketing and R&D

Global Human Resource Management

Accounting and Finance in the International Business

Filters