Question 1

Small businesses will be completely immune to events in the international business environment.

Accepted Answer

A) True 
 B)False

Question 2

Critics of globalization believe the overall gains that accrue to national economies are worth the lost livelihoods of some workers.

Accepted Answer

A) True 
 B)False

Question 3

Imports are goods and services purchased abroad and brought into a country.

Accepted Answer

A) True 
 B)False

Question 4

Identify the World Trade Organization's (WTO)three main goals and explain how the WTO differs from the General Agreement on Tariffs and Trade (GATT).

Accepted Answer

The World Trade Organization (WTO)is the

Question 5

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

Accepted Answer

A) increased labor costs for companies 
B) lower workers' wages in developed nations 
C) surfeit of jobs in developed nations 
D) increased investment in individual education 
A) increased labor costs for companies 
B) lower workers' wages in developed nations 
C) surfeit of jobs in developed nations 
D) increased investment in individual education

Question 6

________ place limits on the quantity of a product being imported.

Accepted Answer

A) Embargoes 
B) Trade blocs 
C) Nontariff barriers 
D) Anti-dumping duties 
A) Embargoes 
B) Trade blocs 
C) Nontariff barriers 
D) Anti-dumping duties

Question 7

Which of the following statements,if true,weakens her argument?

Accepted Answer

A) The employment rate of developed nations has been declining because of international outsourcing. 
B) With the exposure to new technology and cultural trends,the standard of living in developing countries has improved. 
C) People in high-wage countries often can't afford hospital care without financial assistance. 
D) Labor market flexibility across the world has seen little improvement over the last decade. 
A) The employment rate of developed nations has been declining because of international outsourcing. 
B) With the exposure to new technology and cultural trends,the standard of living in developing countries has improved. 
C) People in high-wage countries often can't afford hospital care without financial assistance. 
D) Labor market flexibility across the world has seen little improvement over the last decade.

Question 8

________ is the trend toward greater economic,cultural,political,and technological interdependence among national institutions and economies.

Accepted Answer

A) Privatization 
B) Heterogenization 
C) Globalization 
D) Decentralization 
A) Privatization 
B) Heterogenization 
C) Globalization 
D) Decentralization

Question 9

Export-processing zones are special areas in which companies engage in tariff-free importing and exporting.

Accepted Answer

A) True 
 B)False

Question 10

________ involves the idea that a nation-state is autonomous,cannot intervene in the affairs of other nations,and can enter into binding international agreements.

Accepted Answer

A) National sovereignty 
B) Authoritarianism 
C) Cultural liberalism 
D) Communalism 
A) National sovereignty 
B) Authoritarianism 
C) Cultural liberalism 
D) Communalism

Question 11

A born global firm is a company that engages in international business from or near its inception.

Accepted Answer

A) True 
 B)False

Question 12

Explain globalization of production and its benefits.Why should a company study international firm management if its leadership commits to globalization of production?

Accepted Answer

Globalization of production refers to th

Question 13

Summarize each benefit a company might obtain from the globalization of markets.

Accepted Answer

The globalization of markets refers to c

Question 14

________ are all goods and services sold abroad and sent out of a country.

Accepted Answer

A) Net national products 
B) Exports 
C) Gross domestic products 
D) Imports 
A) Net national products 
B) Exports 
C) Gross domestic products 
D) Imports

Question 15

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

Accepted Answer

A) segregation 
B) denationalization 
C) consolidation 
D) technological stagnation 
A) segregation 
B) denationalization 
C) consolidation 
D) technological stagnation

Question 16

Multinational corporations (MNCs)have direct investments abroad in multiple countries.

Accepted Answer

A) True 
 B)False

Question 17

Which of the following terms is used to refer to widespread job turnover throughout an economy?

Accepted Answer

A) redeployment 
B) restructuring 
C) onboarding 
D) churning 
A) redeployment 
B) restructuring 
C) onboarding 
D) churning

Question 18

Flexible labor markets allow workers to be redeployed rapidly to sectors of the economy where they are highly valued.

Accepted Answer

A) True 
 B)False

Question 19

Products marketed in all countries essentially without any changes are known as continental products.

Accepted Answer

A) True 
 B)False

Question 20

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

Accepted Answer

A) capital market 
B) national business environment 
C) international bond market 
D) operational center 
A) capital market 
B) national business environment 
C) international bond market 
D) operational center

Small businesses will be completely immune to events in the international business environment.

Critics of globalization believe the overall gains that accrue to national economies are worth the lost livelihoods of some workers.

Imports are goods and services purchased abroad and brought into a country.

Identify the World Trade Organization's (WTO)three main goals and explain how the WTO differs from the General Agreement on Tariffs and Trade (GATT).

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

________ place limits on the quantity of a product being imported.

Which of the following statements,if true,weakens her argument?

________ is the trend toward greater economic,cultural,political,and technological interdependence among national institutions and economies.

Export-processing zones are special areas in which companies engage in tariff-free importing and exporting.

________ involves the idea that a nation-state is autonomous,cannot intervene in the affairs of other nations,and can enter into binding international agreements.

A born global firm is a company that engages in international business from or near its inception.

Explain globalization of production and its benefits.Why should a company study international firm management if its leadership commits to globalization of production?

Summarize each benefit a company might obtain from the globalization of markets.

________ are all goods and services sold abroad and sent out of a country.

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

Multinational corporations (MNCs)have direct investments abroad in multiple countries.

Which of the following terms is used to refer to widespread job turnover throughout an economy?

Flexible labor markets allow workers to be redeployed rapidly to sectors of the economy where they are highly valued.

Products marketed in all countries essentially without any changes are known as continental products.

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

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

Filters

Exam 1: Globalization

Small businesses will be completely immune to events in the international business environment.

Critics of globalization believe the overall gains that accrue to national economies are worth the lost livelihoods of some workers.

Imports are goods and services purchased abroad and brought into a country.

Identify the World Trade Organization's (WTO)three main goals and explain how the WTO differs from the General Agreement on Tariffs and Trade (GATT).

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

________ place limits on the quantity of a product being imported.

Which of the following statements,if true,weakens her argument?

________ is the trend toward greater economic,cultural,political,and technological interdependence among national institutions and economies.

Export-processing zones are special areas in which companies engage in tariff-free importing and exporting.

________ involves the idea that a nation-state is autonomous,cannot intervene in the affairs of other nations,and can enter into binding international agreements.

A born global firm is a company that engages in international business from or near its inception.

Explain globalization of production and its benefits.Why should a company study international firm management if its leadership commits to globalization of production?

Summarize each benefit a company might obtain from the globalization of markets.

________ are all goods and services sold abroad and sent out of a country.

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

Multinational corporations (MNCs)have direct investments abroad in multiple countries.

Which of the following terms is used to refer to widespread job turnover throughout an economy?

Flexible labor markets allow workers to be redeployed rapidly to sectors of the economy where they are highly valued.

Products marketed in all countries essentially without any changes are known as continental products.

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

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

Filters