Question 1

The _____ view of global business focuses on external factors that affect a firm's performance.

Accepted Answer

A)  resource-based 
B)  asset-based 
C)  capability-based 
D)  institution-based 
A)  resource-based 
B)  asset-based 
C)  capability-based 
D)  institution-based D

Question 2

Without adjusting for PPP,emerging economies contribute about 26% of the global GDP.Adjusting for PPP,they now contribute approximately 45% of the global GDP.The reason there is a huge difference between the two measures is because:

Accepted Answer

A)  the cost of living in emerging economies tends to be lower than that in developed economies. 
B)  the purchasing power parity is much higher in emerging countries. 
C)  the population in emerging economies is much higher than that in developed economies. 
D)  the deficit spending in emerging economies is much larger than that in developed economies. 
A)  the cost of living in emerging economies tends to be lower than that in developed economies. 
B)  the purchasing power parity is much higher in emerging countries. 
C)  the population in emerging economies is much higher than that in developed economies. 
D)  the deficit spending in emerging economies is much larger than that in developed economies. A

Question 3

A conversion that determines the equivalent amount of goods and services that different currencies can buy is known as _____.

Accepted Answer

A)  purchasing power parity 
B)  foreign exchange rate 
C)  country's deficit 
D)  gross domestic product 
A)  purchasing power parity 
B)  foreign exchange rate 
C)  country's deficit 
D)  gross domestic product A

Question 4

The institution-based view places emphasis on the external factors that could affect a firm.

Accepted Answer

A) True 
 B)False

Question 5

More than half the GDP produced by emerging markets comes from outside the BRIC countries.

Accepted Answer

A) True 
 B)False

Question 6

The current state of globalization around the world is that of semiglobalization.

Accepted Answer

A) True 
 B)False

Question 7

Which of the following regions in the global economic pyramid would comprise developed nations?

Accepted Answer

A)  The base 
B)  The Triad 
C)  The second tier 
D)  The outlier 
A)  The base 
B)  The Triad 
C)  The second tier 
D)  The outlier

Question 8

Explain the success and failure of global firms based on institution- and resource-based views.

Accepted Answer

Global firms can gain success in today's

Question 9

Which of the following countries is represented in the Triad of the global economic pyramid?

Accepted Answer

A)  India 
B)  China 
C)  Japan 
D)  Russia 
A)  India 
B)  China 
C)  Japan 
D)  Russia

Question 10

People who live in the Triad countries comprise the _____ of the global economic pyramid.

Accepted Answer

A)  top tier 
B)  second tier 
C)  base 
D)  outlier 
A)  top tier 
B)  second tier 
C)  base 
D)  outlier

Question 11

Which of the following is true of economies in the base of the global economic pyramid?

Accepted Answer

A)  They are composed of developed economies. 
B)  They are composed of people from North America, Western Europe, and Japan. 
C)  They are largely ignored by MNEs. 
D)  They attract the largest FDI from MNEs. 
A)  They are composed of developed economies. 
B)  They are composed of people from North America, Western Europe, and Japan. 
C)  They are largely ignored by MNEs. 
D)  They attract the largest FDI from MNEs.

Question 12

Explain the role of nongovernmental organizations (NGOs)in globalization.

Accepted Answer

Many of the opponents of globalization a

Question 13

Semiglobalization is primarily caused by the practice of total isolation.

Accepted Answer

A) True 
 B)False

Question 14

Which of the following would be an example of a top down innovation?

Accepted Answer

A)  Lowering prices and features of existing products to meet emerging market needs 
B)  Launching a product in and for emerging economies 
C)  Adopting an innovation first in emerging economies and then diffusing it around the world 
D)  Introducing products from emerging markets into developed markets 
A)  Lowering prices and features of existing products to meet emerging market needs 
B)  Launching a product in and for emerging economies 
C)  Adopting an innovation first in emerging economies and then diffusing it around the world 
D)  Introducing products from emerging markets into developed markets

Question 15

Emerging markets contribute about 26% of global GDP without adjusting for purchasing power parity (PPP).

Accepted Answer

A) True 
 B)False

Question 16

Explain the benefits of gaining international business experience and working as an expat.

Accepted Answer

Answers may vary.
People skills and grea

Question 17

Which of the following is true of the Group of 20 (G-20)?

Accepted Answer

A)  It only has 19 member countries. 
B)  It doesn't represent any European nation. 
C)  It meets annually to discuss environmental issues. 
D)  It includes many regional blocs. 
A)  It only has 19 member countries. 
B)  It doesn't represent any European nation. 
C)  It meets annually to discuss environmental issues. 
D)  It includes many regional blocs.

Question 18

A _____ is defined as an innovation that is adopted first in emerging economies and then diffused around the world.

Accepted Answer

A)  reverse innovation 
B)  reverse-engineered innovation 
C)  top down innovation 
D)  traditional innovation 
A)  reverse innovation 
B)  reverse-engineered innovation 
C)  top down innovation 
D)  traditional innovation

Question 19

The concept of _____ suggests that barriers to market integration at borders are high,but not high enough to completely insulate countries from each other.

Accepted Answer

A)  localization 
B)  technocapitalism 
C)  semiglobalization 
D)  total globalization 
A)  localization 
B)  technocapitalism 
C)  semiglobalization 
D)  total globalization

Question 20

What is the relationship between gross domestic product (GDP)and purchasing power parity (PPP)?

Accepted Answer

The IMF uses the United States as benchm

The _____ view of global business focuses on external factors that affect a firm's performance.

Without adjusting for PPP,emerging economies contribute about 26% of the global GDP.Adjusting for PPP,they now contribute approximately 45% of the global GDP.The reason there is a huge difference between the two measures is because:

A conversion that determines the equivalent amount of goods and services that different currencies can buy is known as _____.

The institution-based view places emphasis on the external factors that could affect a firm.

More than half the GDP produced by emerging markets comes from outside the BRIC countries.

The current state of globalization around the world is that of semiglobalization.

Which of the following regions in the global economic pyramid would comprise developed nations?

Explain the success and failure of global firms based on institution- and resource-based views.

Which of the following countries is represented in the Triad of the global economic pyramid?

People who live in the Triad countries comprise the _____ of the global economic pyramid.

Which of the following is true of economies in the base of the global economic pyramid?

Explain the role of nongovernmental organizations (NGOs)in globalization.

Semiglobalization is primarily caused by the practice of total isolation.

Which of the following would be an example of a top down innovation?

Emerging markets contribute about 26% of global GDP without adjusting for purchasing power parity (PPP).

Explain the benefits of gaining international business experience and working as an expat.

Which of the following is true of the Group of 20 (G-20)?

A _____ is defined as an innovation that is adopted first in emerging economies and then diffused around the world.

The concept of _____ suggests that barriers to market integration at borders are high,but not high enough to completely insulate countries from each other.

What is the relationship between gross domestic product (GDP)and purchasing power parity (PPP)?

Understanding Formal Institutions: Politics, Laws, and Economics

Emphasizing Informal Institutions: Cultures, Ethics, and Norms

Leveraging Resources and Capabilities

Trading Internationally

Investing Abroad Directly

Dealing with Foreign Exchange

Capitalizing on Global and Regional Integration

Growing and Internationalizing the Entrepreneurial Firm

Entering Foreign Markets

Managing Global Competitive Dynamics

Making Alliances and Acquisitions Work

Strategizing,Structuring,and Learning around the World

Competing on Marketing and Supply Chain Management

Managing Human Resources Globally

Financing and Governing the Corporation Globally

Managing Corporate Social Responsibility Globally

Filters

Exam 1: Globalizing Business

The _____ view of global business focuses on external factors that affect a firm's performance.

Without adjusting for PPP,emerging economies contribute about 26% of the global GDP.Adjusting for PPP,they now contribute approximately 45% of the global GDP.The reason there is a huge difference between the two measures is because:

A conversion that determines the equivalent amount of goods and services that different currencies can buy is known as _____.

The institution-based view places emphasis on the external factors that could affect a firm.

More than half the GDP produced by emerging markets comes from outside the BRIC countries.

The current state of globalization around the world is that of semiglobalization.

Which of the following regions in the global economic pyramid would comprise developed nations?

Explain the success and failure of global firms based on institution- and resource-based views.

Which of the following countries is represented in the Triad of the global economic pyramid?

People who live in the Triad countries comprise the _____ of the global economic pyramid.

Which of the following is true of economies in the base of the global economic pyramid?

Explain the role of nongovernmental organizations (NGOs)in globalization.

Semiglobalization is primarily caused by the practice of total isolation.

Which of the following would be an example of a top down innovation?

Emerging markets contribute about 26% of global GDP without adjusting for purchasing power parity (PPP).

Explain the benefits of gaining international business experience and working as an expat.

Which of the following is true of the Group of 20 (G-20)?

A _____ is defined as an innovation that is adopted first in emerging economies and then diffused around the world.

The concept of _____ suggests that barriers to market integration at borders are high,but not high enough to completely insulate countries from each other.

What is the relationship between gross domestic product (GDP)and purchasing power parity (PPP)?

Understanding Formal Institutions: Politics, Laws, and Economics

Emphasizing Informal Institutions: Cultures, Ethics, and Norms

Leveraging Resources and Capabilities

Trading Internationally

Investing Abroad Directly

Dealing with Foreign Exchange

Capitalizing on Global and Regional Integration

Growing and Internationalizing the Entrepreneurial Firm

Entering Foreign Markets

Managing Global Competitive Dynamics

Making Alliances and Acquisitions Work

Strategizing,Structuring,and Learning around the World

Competing on Marketing and Supply Chain Management

Managing Human Resources Globally

Financing and Governing the Corporation Globally

Managing Corporate Social Responsibility Globally

Filters