Question 1

The KOF Index measures the ________.

Accepted Answer

A) distribution of the global workforce 
B) extent of globalization 
C) gross regional product of an area 
D) extent of technological innovation in a nation 
A) distribution of the global workforce 
B) extent of globalization 
C) gross regional product of an area 
D) extent of technological innovation in a nation

Question 2

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.
-Upon what assumption does Donna's conclusion rest?Donne assumes that ________.

Accepted Answer

A) there are no factors other than globalization which influence the economic conditions of a country 
B) the welfare of individuals matters less than the economic prosperity of a nation 
C) globalization does not affect the employment rate of developed and developing countries 
D) the wages paid to all individuals within developed countries are equal 
A) there are no factors other than globalization which influence the economic conditions of a country 
B) the welfare of individuals matters less than the economic prosperity of a nation 
C) globalization does not affect the employment rate of developed and developing countries 
D) the wages paid to all individuals within developed countries are equal

Question 3

The purpose of the General Agreement on Tariffs and Trade (GATT)was to ________.

Accepted Answer

A) create an international currency 
B) regulate exchange rates 
C) create regional trade organizations 
D) promote free trade 
A) create an international currency 
B) regulate exchange rates 
C) create regional trade organizations 
D) promote free trade

Question 4

NAFTA is the international organization that enforces the rules of international trade worldwide.

Accepted Answer

A) True 
 B)False

Question 5

Whereas relocating production to low-cost locales traditionally meant production of goods almost exclusively,it increasingly applies to the production of ________.

Accepted Answer

A) domestic products 
B) perishables 
C) services 
D) global brands 
A) domestic products 
B) perishables 
C) services 
D) global brands

Question 6

Olive oil prepared in a small Italian oil press factory and sold by large supermarkets in the United States is an example of a ________.

Accepted Answer

A) net national product 
B) U)S.export 
C) U)S.import 
D) gross domestic product 
A) net national product 
B) U)S.export 
C) U)S.import 
D) gross domestic product

Question 7

Which of the following refers to the use of computer networks to purchase,sell,or exchange products;service customers;and collaborate with partners?

Accepted Answer

A) e-commerce 
B) telecommuting 
C) data virtualization 
D) virtual hosting 
A) e-commerce 
B) telecommuting 
C) data virtualization 
D) virtual hosting

Question 8

Globalization is criticized because it ________.

Accepted Answer

A) does not generate labor market flexibility in developing nations 
B) prevents developed countries from outsourcing work to developing nations 
C) creates fewer manufacturing jobs in developing nations 
D) exploits workers in low-wage nations 
A) does not generate labor market flexibility in developing nations 
B) prevents developed countries from outsourcing work to developing nations 
C) creates fewer manufacturing jobs in developing nations 
D) exploits workers in low-wage nations

Question 9

The rules of the international monetary system are enforced by the World Bank.

Accepted Answer

A) True 
 B)False

Question 10

Pro-globalization economists believe globalization increases wealth in both developed and developing nations.

Accepted Answer

A) True 
 B)False

Question 11

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

Accepted Answer

A) domestic investment opportunities 
B) technological innovation 
C) international firm management 
D) multinational corporations 
A) domestic investment opportunities 
B) technological innovation 
C) international firm management 
D) multinational corporations

Question 12

One argument in the debate surrounding globalization is about the inequality between nations.Discuss the major points of the inequality between nations argument and describe how falling barriers to trade and investment might help reduce the inequality between nations.

Accepted Answer

The inequality between nations debate qu

Question 13

Kireki is a small country with a corrupt government.Its population is rural for most part and citizens have few or no legal rights.Which of the following is the type of market featured in Kireki?

Accepted Answer

A) developed market 
B) traditional market 
C) emerging market 
D) virtual market 
A) developed market 
B) traditional market 
C) emerging market 
D) virtual market

Question 14

International firms tend to support reasonable labor and environmental laws to expand future local markets for their businesses.

Accepted Answer

A) True 
 B)False

Question 15

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?

Accepted Answer

A) traditional market 
B) emerging market 
C) feudal market 
D) virtual market 
A) traditional market 
B) emerging market 
C) feudal market 
D) virtual market

Question 16

International business is any commercial transaction that crosses the borders of two or more nations.

Accepted Answer

A) True 
 B)False

Question 17

Crystal inc.is a multifaceted company that deals with the mining,cutting,and selling of diamonds.It gives distributors and suppliers access to its database to place orders or restock inventories electronically and automatically.Which of the following is the network implemented in the company?

Accepted Answer

A) intranet 
B) chaosnet 
C) extranet 
D) ethernet 
A) intranet 
B) chaosnet 
C) extranet 
D) ethernet

Question 18

Most companies today operate in an environment of increased transparency and scrutiny regarding their business activities.This is due to ________.

Accepted Answer

A) the rise of the social media 
B) the prosperity of developing nations 
C) the heterogeneity in markets 
D) labor market flexibility in developing nations 
A) the rise of the social media 
B) the prosperity of developing nations 
C) the heterogeneity in markets 
D) labor market flexibility in developing nations

Question 19

________ markets are characterized by the rural population migrating to cities for better pay and thus,overloading cities' infrastructures.

Accepted Answer

A) Traditional 
B) Emerging 
C) Virtual 
D) Developed 
A) Traditional 
B) Emerging 
C) Virtual 
D) Developed

Question 20

Which of the following refers to convergence in buyer preferences in markets around the world?

Accepted Answer

A) heterogenization of markets 
B) globalization of markets 
C) segmentation of markets 
D) nationalization of markets 
A) heterogenization of markets 
B) globalization of markets 
C) segmentation of markets 
D) nationalization of markets

The KOF Index measures the ________.

The purpose of the General Agreement on Tariffs and Trade (GATT)was to ________.

NAFTA is the international organization that enforces the rules of international trade worldwide.

Whereas relocating production to low-cost locales traditionally meant production of goods almost exclusively,it increasingly applies to the production of ________.

Olive oil prepared in a small Italian oil press factory and sold by large supermarkets in the United States is an example of a ________.

Which of the following refers to the use of computer networks to purchase,sell,or exchange products;service customers;and collaborate with partners?

Globalization is criticized because it ________.

The rules of the international monetary system are enforced by the World Bank.

Pro-globalization economists believe globalization increases wealth in both developed and developing nations.

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

One argument in the debate surrounding globalization is about the inequality between nations.Discuss the major points of the inequality between nations argument and describe how falling barriers to trade and investment might help reduce the inequality between nations.

Kireki is a small country with a corrupt government.Its population is rural for most part and citizens have few or no legal rights.Which of the following is the type of market featured in Kireki?

International firms tend to support reasonable labor and environmental laws to expand future local markets for their businesses.

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?

International business is any commercial transaction that crosses the borders of two or more nations.

Crystal inc.is a multifaceted company that deals with the mining,cutting,and selling of diamonds.It gives distributors and suppliers access to its database to place orders or restock inventories electronically and automatically.Which of the following is the network implemented in the company?

Most companies today operate in an environment of increased transparency and scrutiny regarding their business activities.This is due to ________.

________ markets are characterized by the rural population migrating to cities for better pay and thus,overloading cities' infrastructures.

Which of the following refers to convergence in buyer preferences in markets around the world?

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

The KOF Index measures the ________.

The purpose of the General Agreement on Tariffs and Trade (GATT)was to ________.

NAFTA is the international organization that enforces the rules of international trade worldwide.

Whereas relocating production to low-cost locales traditionally meant production of goods almost exclusively,it increasingly applies to the production of ________.

Olive oil prepared in a small Italian oil press factory and sold by large supermarkets in the United States is an example of a ________.

Which of the following refers to the use of computer networks to purchase,sell,or exchange products;service customers;and collaborate with partners?

Globalization is criticized because it ________.

The rules of the international monetary system are enforced by the World Bank.

Pro-globalization economists believe globalization increases wealth in both developed and developing nations.

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

One argument in the debate surrounding globalization is about the inequality between nations.Discuss the major points of the inequality between nations argument and describe how falling barriers to trade and investment might help reduce the inequality between nations.

Kireki is a small country with a corrupt government.Its population is rural for most part and citizens have few or no legal rights.Which of the following is the type of market featured in Kireki?

International firms tend to support reasonable labor and environmental laws to expand future local markets for their businesses.

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?

International business is any commercial transaction that crosses the borders of two or more nations.

Crystal inc.is a multifaceted company that deals with the mining,cutting,and selling of diamonds.It gives distributors and suppliers access to its database to place orders or restock inventories electronically and automatically.Which of the following is the network implemented in the company?

Most companies today operate in an environment of increased transparency and scrutiny regarding their business activities.This is due to ________.

________ markets are characterized by the rural population migrating to cities for better pay and thus,overloading cities' infrastructures.

Which of the following refers to convergence in buyer preferences in markets around the world?

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