Question 1

The _____ of globalization suggests that globalization is neither recent nor one-directional.

Accepted Answer

A)  new-force view 
B)  long-run historical view 
C)  pendulum view 
D)  colonial view 
A)  new-force view 
B)  long-run historical view 
C)  pendulum view 
D)  colonial view

Question 2

Reverse innovations are innovations that are adopted first in the Triad-based multinationals and then diffused around the world.

Accepted Answer

A) True 
 B)False

Question 3

Which of the following would lead to the standardization of world markets?

Accepted Answer

A)  Semiglobalization 
B)  Localization 
C)  Total globalization 
D)  Total isolation 
A)  Semiglobalization 
B)  Localization 
C)  Total globalization 
D)  Total isolation

Question 4

People who earn _____ a year comprise the base of the global economic pyramid.

Accepted Answer

A)  between $2,000 to $20,000 
B)  less than $2,000 
C)  between $20,000 to $40,000 
D)  more than $40,000 
A)  between $2,000 to $20,000 
B)  less than $2,000 
C)  between $20,000 to $40,000 
D)  more than $40,000

Question 5

The second tier of the global economic pyramid is made up of countries with a per capita annual income of more than $20,000.

Accepted Answer

A) True 
 B)False

Question 6

The _____ is measured as the sum of value added by resident firms,households,and governments operating in an economy.

Accepted Answer

A)  gross national product 
B)  gross national income 
C)  gross domestic product 
D)  national reserve 
A)  gross national product 
B)  gross national income 
C)  gross domestic product 
D)  national reserve

Question 7

The term "base of the pyramid" represents economies where individuals make less than $2,000 a year.

Accepted Answer

A) True 
 B)False

Question 8

More than half of all GDP of emerging economies comes from _____.

Accepted Answer

A)  the Four Asian Tigers (Hong-Kong, Singapore, South Korea, and Taiwan) 
B)  MIKT (Mexico, Indonesia, South Korea, Turkey) 
C)  the Commonwealth of Independent States 
D)  BRIC (Brazil, Russia, India, and China) 
A)  the Four Asian Tigers (Hong-Kong, Singapore, South Korea, and Taiwan) 
B)  MIKT (Mexico, Indonesia, South Korea, Turkey) 
C)  the Commonwealth of Independent States 
D)  BRIC (Brazil, Russia, India, and China)

Question 9

Which of the following is true of semiglobalization?

Accepted Answer

A)  It is a type of globalization that adopts a strategy of treating the entire world as one market. 
B)  It is a type of globalization that lies between total isolation and total globalization. 
C)  It is a form of globalization that treats each country as a unique market. 
D)  It is a form of globalization that considers each nation in isolation when conducting business. 
A)  It is a type of globalization that adopts a strategy of treating the entire world as one market. 
B)  It is a type of globalization that lies between total isolation and total globalization. 
C)  It is a form of globalization that treats each country as a unique market. 
D)  It is a form of globalization that considers each nation in isolation when conducting business.

Question 10

Overall,the focus on firm performance around the globe defines the field of global business more than anything else.

Accepted Answer

A) True 
 B)False

Question 11

Approximately 80 million people worldwide are employed by foreign-owned firms.

Accepted Answer

A) True 
 B)False

Question 12

Which of the following countries is included in BRIC?

Accepted Answer

A)  Belgium 
B)  Russia 
C)  Italy 
D)  Canada 
A)  Belgium 
B)  Russia 
C)  Italy 
D)  Canada

Question 13

On the global economic pyramid,the Triad refers to developed economies consisting of North America,Western Europe,and Japan.

Accepted Answer

A) True 
 B)False

Question 14

The gross domestic product plus the income from non-resident sources abroad gives the ____.

Accepted Answer

A)  gross national product 
B)  per capita income 
C)  purchasing power parity 
D)  net national income 
A)  gross national product 
B)  per capita income 
C)  purchasing power parity 
D)  net national income

Question 15

Which of the following is true of globalization according to the "pendulum view" perspective?

Accepted Answer

A)  Globalization is being interrupted by artificial barriers to the flows of goods, services, capital, and knowledge. 
B)  Globalization is a Western ideology focused on exploiting and dominating the world through MNEs. 
C)  Globalization is a not a one-directional phenomenon. 
D)  Globalization is a recent phenomenon of human trade. 
A)  Globalization is being interrupted by artificial barriers to the flows of goods, services, capital, and knowledge. 
B)  Globalization is a Western ideology focused on exploiting and dominating the world through MNEs. 
C)  Globalization is a not a one-directional phenomenon. 
D)  Globalization is a recent phenomenon of human trade.

Question 16

Majority of the global GDP is contributed by the emerging markets.

Accepted Answer

A) True 
 B)False

Question 17

Elaborate on the three prevalent views of globalization.

Accepted Answer

Globalization is generally seen in three

Question 18

The term "emerging economies" has replaced the term _____.

Accepted Answer

A)  developed countries 
B)  developing countries 
C)  Triad markets 
D)  first-world markets 
A)  developed countries 
B)  developing countries 
C)  Triad markets 
D)  first-world markets

Question 19

Semiglobalization calls for adopting one way of doing business for all conditions.

Accepted Answer

A) True 
 B)False

Question 20

Which of the following is true of globalization according to the "new force" perspective?

Accepted Answer

A)  It is a process of trade integration that has both advantages and disadvantages. 
B)  It is a phenomenon that is technologically out of sync. 
C)  It is a historical aspect of human trade. 
D)  It is a western ideology focused on exploiting and dominating the world through MNEs. 
A)  It is a process of trade integration that has both advantages and disadvantages. 
B)  It is a phenomenon that is technologically out of sync. 
C)  It is a historical aspect of human trade. 
D)  It is a western ideology focused on exploiting and dominating the world through MNEs.

The _____ of globalization suggests that globalization is neither recent nor one-directional.

Reverse innovations are innovations that are adopted first in the Triad-based multinationals and then diffused around the world.

Which of the following would lead to the standardization of world markets?

People who earn _____ a year comprise the base of the global economic pyramid.

The second tier of the global economic pyramid is made up of countries with a per capita annual income of more than $20,000.

The _____ is measured as the sum of value added by resident firms,households,and governments operating in an economy.

The term "base of the pyramid" represents economies where individuals make less than $2,000 a year.

More than half of all GDP of emerging economies comes from _____.

Which of the following is true of semiglobalization?

Overall,the focus on firm performance around the globe defines the field of global business more than anything else.

Approximately 80 million people worldwide are employed by foreign-owned firms.

Which of the following countries is included in BRIC?

On the global economic pyramid,the Triad refers to developed economies consisting of North America,Western Europe,and Japan.

The gross domestic product plus the income from non-resident sources abroad gives the ____.

Which of the following is true of globalization according to the "pendulum view" perspective?

Majority of the global GDP is contributed by the emerging markets.

Elaborate on the three prevalent views of globalization.

The term "emerging economies" has replaced the term _____.

Semiglobalization calls for adopting one way of doing business for all conditions.

Which of the following is true of globalization according to the "new force" perspective?

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

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Exam 1: Globalizing Business

The _____ of globalization suggests that globalization is neither recent nor one-directional.

Reverse innovations are innovations that are adopted first in the Triad-based multinationals and then diffused around the world.

Which of the following would lead to the standardization of world markets?

People who earn _____ a year comprise the base of the global economic pyramid.

The second tier of the global economic pyramid is made up of countries with a per capita annual income of more than $20,000.

The _____ is measured as the sum of value added by resident firms,households,and governments operating in an economy.

The term "base of the pyramid" represents economies where individuals make less than $2,000 a year.

More than half of all GDP of emerging economies comes from _____.

Which of the following is true of semiglobalization?

Overall,the focus on firm performance around the globe defines the field of global business more than anything else.

Approximately 80 million people worldwide are employed by foreign-owned firms.

Which of the following countries is included in BRIC?

On the global economic pyramid,the Triad refers to developed economies consisting of North America,Western Europe,and Japan.

The gross domestic product plus the income from non-resident sources abroad gives the ____.

Which of the following is true of globalization according to the "pendulum view" perspective?

Majority of the global GDP is contributed by the emerging markets.

Elaborate on the three prevalent views of globalization.

The term "emerging economies" has replaced the term _____.

Semiglobalization calls for adopting one way of doing business for all conditions.

Which of the following is true of globalization according to the "new force" perspective?

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