Question 1

Which of the following is a risk associated with globalization?

Accepted Answer

A)  restrictions on competition 
B)  global financial contagion 
C)  excessive market regulation 
D)  differentiation of markets 
A)  restrictions on competition 
B)  global financial contagion 
C)  excessive market regulation 
D)  differentiation of markets

Question 2

Why did many Japanese firms invest in North America and Europe in the 1970s?

Accepted Answer

A)  to avoid a highly competitive domestic market 
B)  to exploit high domestic tariff barriers 
C)  to provide a hedge against unfavorable currency movements 
D)  to take advantage of low labor costs 
A)  to avoid a highly competitive domestic market 
B)  to exploit high domestic tariff barriers 
C)  to provide a hedge against unfavorable currency movements 
D)  to take advantage of low labor costs

Question 3

What are some of the issues a manager of an international business must confront that a manager of a domestic business never confronts?

Accepted Answer

In addition to the problems that arise f

Question 4

According to supporters of debt relief, new democratic governments in poor nations should not be forced to honor debts incurred by corrupt and dictatorial predecessors.

Accepted Answer

A) True 
 B)False

Question 5

Issy's Ice Cream is an international business. As such, it

Accepted Answer

A)  needs to have manufacturing units in at least two foreign nations. 
B)  needs to manufacture products or provide services that target a global market. 
C)  need not customize its products to the requirements of national markets. 
D)  invests in international trade or investment. 
A)  needs to have manufacturing units in at least two foreign nations. 
B)  needs to manufacture products or provide services that target a global market. 
C)  need not customize its products to the requirements of national markets. 
D)  invests in international trade or investment.

Question 6

Globalization of markets results in markets becoming

Accepted Answer

A)  more interdependent. 
B)  less diverse. 
C)  more protected. 
D)  less competitive. 
A)  more interdependent. 
B)  less diverse. 
C)  more protected. 
D)  less competitive.

Question 7

In the last two decades, Latin American countries such as Brazil, Mexico, and Chile have

Accepted Answer

A)  embraced communist principles. 
B)  promoted government ownership of enterprises. 
C)  experienced increasing debt and inflation. 
D)  welcomed foreign investment. 
A)  embraced communist principles. 
B)  promoted government ownership of enterprises. 
C)  experienced increasing debt and inflation. 
D)  welcomed foreign investment.

Question 8

Outsourcing is a process that is limited to manufacturing enterprises.

Accepted Answer

A) True 
 B)False

Question 9

The growth of international trade in service activities has been driven by advances in

Accepted Answer

A)  communications. 
B)  transportation. 
C)  agriculture. 
D)  energy. 
A)  communications. 
B)  transportation. 
C)  agriculture. 
D)  energy.

Question 10

Evidence suggests that technological change has had a bigger impact than globalization on the declining share of national income enjoyed by unskilled labor.

Accepted Answer

A) True 
 B)False

Question 11

The ________ is primarily responsible for policing the world trading system and making sure nation-states adhere to the rules laid down in trade treaties signed by member states.

Accepted Answer

A)  International Development Association 
B)  World Bank 
C)  International Court of justice 
D)  World Trade Organization 
A)  International Development Association 
B)  World Bank 
C)  International Court of justice 
D)  World Trade Organization

Question 12

A study published in 2011 by the OECD noted that

Accepted Answer

A)  the real household income of unskilled workers in the United States increased more in comparison to that of skilled workers. 
B)  in almost all countries real income levels declined over the 20-year period studied. 
C)  the falling unemployment rates brought gains to low-wage workers and fairly broad-based wage growth. 
D)  the gap between the poorest and richest segments of society in some OECD countries had widened. 
A)  the real household income of unskilled workers in the United States increased more in comparison to that of skilled workers. 
B)  in almost all countries real income levels declined over the 20-year period studied. 
C)  the falling unemployment rates brought gains to low-wage workers and fairly broad-based wage growth. 
D)  the gap between the poorest and richest segments of society in some OECD countries had widened.

Question 13

Which of the following statements is true regarding an international business?

Accepted Answer

A)  An international business needs to invest directly in operations in other countries. 
B)  An international business needs to have homogenous practices across countries. 
C)  An international business can be managed in the same way that a domestic business is managed. 
D)  An international business must find ways to work within the limits imposed by government intervention. 
A)  An international business needs to invest directly in operations in other countries. 
B)  An international business needs to have homogenous practices across countries. 
C)  An international business can be managed in the same way that a domestic business is managed. 
D)  An international business must find ways to work within the limits imposed by government intervention.

Question 14

Why is managing an international business different from managing a purely domestic business?

Accepted Answer

Managing an international business is di

Question 15

The Uruguay Round provided

Accepted Answer

A)  reduced protection for patents, trademarks, and copyrights. 
B)  enhanced protection for patents, trademarks, and copyrights. 
C)  increased trade barriers. 
D)  reduced coverage of services and manufactured goods. 
A)  reduced protection for patents, trademarks, and copyrights. 
B)  enhanced protection for patents, trademarks, and copyrights. 
C)  increased trade barriers. 
D)  reduced coverage of services and manufactured goods.

Question 16

The lowering of barriers to international trade enables firms to view the world, rather than a single country, as their market.

Accepted Answer

A) True 
 B)False

Question 17

The cost of microprocessors continues to fall, while their power increases. This statement supports the predictions made by Moore's Law.

Accepted Answer

A) True 
 B)False

Question 18

The ________ was established on October 24, 1945, by 51 countries committed to preserving peace through international cooperation and collective security.

Accepted Answer

A)  World Trade Organization 
B)  United Nations 
C)  G20 
D)  World Bank 
A)  World Trade Organization 
B)  United Nations 
C)  G20 
D)  World Bank

Question 19

Discuss the characteristics of globalization. Use an example in your discussion.

Accepted Answer

Globalization refers to a fundamental sh

Question 20

Discuss the impact of technological change on global markets.

Accepted Answer

Major advances in communication, informa

Which of the following is a risk associated with globalization?

Why did many Japanese firms invest in North America and Europe in the 1970s?

What are some of the issues a manager of an international business must confront that a manager of a domestic business never confronts?

According to supporters of debt relief, new democratic governments in poor nations should not be forced to honor debts incurred by corrupt and dictatorial predecessors.

Issy's Ice Cream is an international business. As such, it

Globalization of markets results in markets becoming

In the last two decades, Latin American countries such as Brazil, Mexico, and Chile have

Outsourcing is a process that is limited to manufacturing enterprises.

The growth of international trade in service activities has been driven by advances in

Evidence suggests that technological change has had a bigger impact than globalization on the declining share of national income enjoyed by unskilled labor.

The ________ is primarily responsible for policing the world trading system and making sure nation-states adhere to the rules laid down in trade treaties signed by member states.

A study published in 2011 by the OECD noted that

Which of the following statements is true regarding an international business?

Why is managing an international business different from managing a purely domestic business?

The Uruguay Round provided

The lowering of barriers to international trade enables firms to view the world, rather than a single country, as their market.

The cost of microprocessors continues to fall, while their power increases. This statement supports the predictions made by Moore's Law.

The ________ was established on October 24, 1945, by 51 countries committed to preserving peace through international cooperation and collective security.

Discuss the characteristics of globalization. Use an example in your discussion.

Discuss the impact of technological change on global markets.

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 is a risk associated with globalization?

Why did many Japanese firms invest in North America and Europe in the 1970s?

What are some of the issues a manager of an international business must confront that a manager of a domestic business never confronts?

According to supporters of debt relief, new democratic governments in poor nations should not be forced to honor debts incurred by corrupt and dictatorial predecessors.

Issy's Ice Cream is an international business. As such, it

Globalization of markets results in markets becoming

In the last two decades, Latin American countries such as Brazil, Mexico, and Chile have

Outsourcing is a process that is limited to manufacturing enterprises.

The growth of international trade in service activities has been driven by advances in

Evidence suggests that technological change has had a bigger impact than globalization on the declining share of national income enjoyed by unskilled labor.

The ________ is primarily responsible for policing the world trading system and making sure nation-states adhere to the rules laid down in trade treaties signed by member states.

A study published in 2011 by the OECD noted that

Which of the following statements is true regarding an international business?

Why is managing an international business different from managing a purely domestic business?

The Uruguay Round provided

The lowering of barriers to international trade enables firms to view the world, rather than a single country, as their market.

The cost of microprocessors continues to fall, while their power increases. This statement supports the predictions made by Moore's Law.

The ________ was established on October 24, 1945, by 51 countries committed to preserving peace through international cooperation and collective security.

Discuss the characteristics of globalization. Use an example in your discussion.

Discuss the impact of technological change on global markets.

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