Exam 1: Globalization

Scenario: Topsy Turvey Toys and Ureshi Toys Topsy Turvey Toys is a U.S.-based toy retailer that buys all its merchandise from Ureshi Toys, a Japan-based toy manufacturer with production facilities in twelve nations. Ureshi Toys markets its toys globally without modification. -Ureshi Toys selling its products to Topsy Turvey Toys is an example of ________.

Free

(Multiple Choice)

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Question 1

Correct Answer:

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Compare and contrast the purposes of the World Bank and the International Monetary Fund.

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(Essay)

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Question 2

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The World Bank is an agency created to provide financing for national economic development efforts.The initial purpose of the World Bank was to finance European reconstruction following the Second World War.It later shifted its focus to the general financial needs of developing countries,and today it finances many economic development projects in Africa,South America,and Southeast Asia.
The International Monetary Fund (IMF)is an agency created to regulate fixed exchange rates and enforce the rules of the international monetary system.Today,the IMF has 185 member countries.Some of the purposes of the IMF include promoting international monetary cooperation; facilitating expansion and balanced growth of international trade; avoiding competitive exchange devaluation; and making financial resources temporarily available to members.

Each ________ is composed of unique cultural,political,legal,and economic characteristics that define business activity within that nation's borders.

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(Multiple Choice)

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Question 3

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The recent expansion of technology has contributed to the growth in international business by creating new products that are important in world trade.

(True/False)

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Question 4

Gaining some understanding of international business is important for any business student because global events and competition affect almost all companies.

(True/False)

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Question 5

As former competitors in many industries link up to challenge others on a worldwide basis,________ occurs.

(Multiple Choice)

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Question 6

Scenario: Donna Bader, Globalization Opponent Donna Bader spent her final year at college studying the effect of various economic factors on the economy of developing nations. Based on the results of her study, she concluded that globalization does these countries more harm than good. -Which of the following statements,if true,weakens her argument?

(Multiple Choice)

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Question 7

The term "globalization of production" refers to convergence in buyer preferences in markets around the world.

(True/False)

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Question 8

The global business environment consists of four distinct elements: the forces of globalization,national business environments,the international business environment,and ________.

(Multiple Choice)

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Question 9

Her argument is vulnerable to criticism because it fails to ________.

(Multiple Choice)

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Question 10

The ________ replaced the institution of GATT while retaining all of the former GATT agreements.

(Multiple Choice)

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Question 11

Konesia is a country in which rising incomes are increasing the global demand for basic products and services.Which of the following is the type of market featured in this country?

(Multiple Choice)

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Question 12

Scenario: Jeans Unlimited Jeans Unlimited produces clothing for young adults. It designs its clothes at its New York headquarters and produces them at facilities located in two Southeast Asian countries. The company recently received negative press after one of its facilities was found using questionable labor practices, such as, employing children and operating in a manner that damages the environment. -Which of the following statements would most likely be made by a SUPPORTER of globalization?

(Multiple Choice)

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Question 13

The role of the World Bank is to provide financing for national economic development efforts for infrastructure development.

(True/False)

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Question 14

Pro-globalization economists believe globalization increases wealth in only developing nations.

(True/False)

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Question 15

Globalization is characterized by ________.

(Multiple Choice)

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Question 16

According to the opponents of globalization,which of the following occurs as a result of worker dislocation brought about by globalization?

(Multiple Choice)

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Question 17

________ is an effective alternative to traditional distribution channels for firms that sell digitized products.

(Multiple Choice)

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Question 18

The KOF Index measures the ________.

(Multiple Choice)

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Question 19

Supporters affirm that globalization ________.

(Multiple Choice)

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Question 20

Showing 1 - 20 of 100

Compare and contrast the purposes of the World Bank and the International Monetary Fund.

Each ________ is composed of unique cultural,political,legal,and economic characteristics that define business activity within that nation's borders.

The recent expansion of technology has contributed to the growth in international business by creating new products that are important in world trade.

Gaining some understanding of international business is important for any business student because global events and competition affect almost all companies.

As former competitors in many industries link up to challenge others on a worldwide basis,________ occurs.

The term "globalization of production" refers to convergence in buyer preferences in markets around the world.

The global business environment consists of four distinct elements: the forces of globalization,national business environments,the international business environment,and ________.

Her argument is vulnerable to criticism because it fails to ________.

The ________ replaced the institution of GATT while retaining all of the former GATT agreements.

Konesia is a country in which rising incomes are increasing the global demand for basic products and services.Which of the following is the type of market featured in this country?

The role of the World Bank is to provide financing for national economic development efforts for infrastructure development.

Pro-globalization economists believe globalization increases wealth in only developing nations.

Globalization is characterized by ________.

According to the opponents of globalization,which of the following occurs as a result of worker dislocation brought about by globalization?

________ is an effective alternative to traditional distribution channels for firms that sell digitized products.

The KOF Index measures the ________.

Supporters affirm that globalization ________.

Cross-Cultural Business

Political Economy and Ethics

Economic Development of Nations

International Trade Theory

Political Economy of Trade

Foreign Direct Investment

Regional Economic Integration

International Financial Markets

International Monetary System

International Strategy and Organization

Analyzing International Opportunities

Selecting and Managing Entry Modes

Developing and Marketing Products

Managing International Operations

Hiring and Managing Employees

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