Question 1

Explain what is meant by the globalization of markets. Provide an example. What are the most global markets?

Accepted Answer

The globalization of markets refers to t

Question 2

Consider the global economy of the 21st century. What important changes are taking place? What do these changes mean for international companies?

Accepted Answer

The last 25 years have been a time of gr

Question 3

The globalization of the world economy has resulted in a relative increase in the dominance of U.S. firms in the global marketplace.

Accepted Answer

A) True 
 B)False

Question 4

An international business, unlike a multinational enterprise, ____.

Accepted Answer

A)  needs to have manufacturing units in at least two foreign nations 
B)  needs to manufacture products or provide services that target a global market 
C)  need not customize its products to the requirements of national markets 
D)  need not invest directly in operations in other countries 
A)  needs to have manufacturing units in at least two foreign nations 
B)  needs to manufacture products or provide services that target a global market 
C)  need not customize its products to the requirements of national markets 
D)  need not invest directly in operations in other countries

Question 5

Globalization reduces the risks of global financial contagion.

Accepted Answer

A) True 
 B)False

Question 6

Supporters of globalization maintain that the apparent decline in real wage rates of unskilled workers:

Accepted Answer

A)  is due to technological changes that create greater demand for skilled workers. 
B)  is due to the migration of low-wage manufacturing jobs offshore. 
C)  can be checked by increasing government ownership of enterprises. 
D)  can be checked by limiting free trade and foreign investment. 
A)  is due to technological changes that create greater demand for skilled workers. 
B)  is due to the migration of low-wage manufacturing jobs offshore. 
C)  can be checked by increasing government ownership of enterprises. 
D)  can be checked by limiting free trade and foreign investment.

Question 7

A multinational enterprise (MNE) is a firm that ____.

Accepted Answer

A)  exports its products to multiple countries 
B)  has production units in more than two countries 
C)  does most of its business on the Internet 
D)  lists its securities on a public exchange 
A)  exports its products to multiple countries 
B)  has production units in more than two countries 
C)  does most of its business on the Internet 
D)  lists its securities on a public exchange

Question 8

Which of the following statements is true about an international business?

Accepted Answer

A)  An international business needs to invest directly in operations in other countries. 
B)  An international business needs to have homogenous practices across countries. 
C)  An international business can be managed in the same way that a domestic business is managed. 
D)  An international business must find ways to work within the limits imposed by government intervention. 
A)  An international business needs to invest directly in operations in other countries. 
B)  An international business needs to have homogenous practices across countries. 
C)  An international business can be managed in the same way that a domestic business is managed. 
D)  An international business must find ways to work within the limits imposed by government intervention.

Question 9

Doing business in Russia involves risks because the country has shown signs of shifting back toward greater state involvement in economic activity and authoritarian government.

Accepted Answer

A) True 
 B)False

Question 10

The Uruguay Round, finalized in December 1993, reduced protection for patents, trademarks, and copyrights.

Accepted Answer

A) True 
 B)False

Question 11

Explain the trends in world trade and foreign direct investment over the last half century.

Accepted Answer

Since 1950, the volume of world merchand

Question 12

Which of the following is a consequence of globalization?

Accepted Answer

A)  Decreasing interdependence between national economies 
B)  Increasing outsourcing of services 
C)  Differentiation of material culture 
D)  Increase in barriers to cross-border trade 
A)  Decreasing interdependence between national economies 
B)  Increasing outsourcing of services 
C)  Differentiation of material culture 
D)  Increase in barriers to cross-border trade

Question 13

Critics of globalization suggest that over the last century, the gap between the rich and poor nations of the world has shrunken.

Accepted Answer

A) True 
 B)False

Question 14

The cost of microprocessors continues to fall, while their power increases. This statement supports the predictions made by Moore's Law.

Accepted Answer

A) True 
 B)False

Question 15

A multinational enterprise (MNE) is any business that exports or imports products from other countries.

Accepted Answer

A) True 
 B)False

Question 16

The most global markets currently are markets for consumer products.

Accepted Answer

A) True 
 B)False

Question 17

A domestic business must find ways to work within the limits imposed by governmental intervention in the international trade and investment system.

Accepted Answer

A) True 
 B)False

Question 18

"Beggar thy neighbor" retaliatory trade policies involved countries progressively lowering trade barriers against each other, which contributed to the Great Depression of the 1930s.

Accepted Answer

A) True 
 B)False

Question 19

One of the UN's central mandates is the promotion of higher standards of living, full employment, and conditions of economic and social progress and development.

Accepted Answer

A) True 
 B)False

Question 20

How has the foreign direct investment picture changed since the 1960s?

Accepted Answer

The U.S. accounted for about 66.3 percen

Explain what is meant by the globalization of markets. Provide an example. What are the most global markets?

Consider the global economy of the 21^st century. What important changes are taking place? What do these changes mean for international companies?

The globalization of the world economy has resulted in a relative increase in the dominance of U.S. firms in the global marketplace.

An international business, unlike a multinational enterprise, ____.

Globalization reduces the risks of global financial contagion.

Supporters of globalization maintain that the apparent decline in real wage rates of unskilled workers:

A multinational enterprise (MNE) is a firm that ____.

Which of the following statements is true about an international business?

Doing business in Russia involves risks because the country has shown signs of shifting back toward greater state involvement in economic activity and authoritarian government.

The Uruguay Round, finalized in December 1993, reduced protection for patents, trademarks, and copyrights.

Explain the trends in world trade and foreign direct investment over the last half century.

Which of the following is a consequence of globalization?

Critics of globalization suggest that over the last century, the gap between the rich and poor nations of the world has shrunken.

The cost of microprocessors continues to fall, while their power increases. This statement supports the predictions made by Moore's Law.

A multinational enterprise (MNE) is any business that exports or imports products from other countries.

The most global markets currently are markets for consumer products.

A domestic business must find ways to work within the limits imposed by governmental intervention in the international trade and investment system.

"Beggar thy neighbor" retaliatory trade policies involved countries progressively lowering trade barriers against each other, which contributed to the Great Depression of the 1930s.

One of the UN's central mandates is the promotion of higher standards of living, full employment, and conditions of economic and social progress and development.

How has the foreign direct investment picture changed since the 1960s?

National Differences in Political Economy

Political Economy and Economic Development

Differences in Culture

Ethics in International Business

International Trade Theory

The Political Economy of International Trade

Foreign Direct Investment

Regional Economic Integration

The Foreign Exchange Market

The International Monetary System

The Global Capital Market

The Strategy of International Business

The Organization of International Business

Entry Strategy and Strategic Alliances

Exporting, Importing, and Countertrade

Global Production, Outsourcing, and Logistics

Global Marketing and RD

Global Human Resource Management

Accounting and Finance in the International Business

Filters

Exam 1: Globalization

Explain what is meant by the globalization of markets. Provide an example. What are the most global markets?

Consider the global economy of the 21st century. What important changes are taking place? What do these changes mean for international companies?

The globalization of the world economy has resulted in a relative increase in the dominance of U.S. firms in the global marketplace.

An international business, unlike a multinational enterprise, ____.

Globalization reduces the risks of global financial contagion.

Supporters of globalization maintain that the apparent decline in real wage rates of unskilled workers:

A multinational enterprise (MNE) is a firm that ____.

Which of the following statements is true about an international business?

Doing business in Russia involves risks because the country has shown signs of shifting back toward greater state involvement in economic activity and authoritarian government.

The Uruguay Round, finalized in December 1993, reduced protection for patents, trademarks, and copyrights.

Explain the trends in world trade and foreign direct investment over the last half century.

Which of the following is a consequence of globalization?

Critics of globalization suggest that over the last century, the gap between the rich and poor nations of the world has shrunken.

The cost of microprocessors continues to fall, while their power increases. This statement supports the predictions made by Moore's Law.

A multinational enterprise (MNE) is any business that exports or imports products from other countries.

The most global markets currently are markets for consumer products.

A domestic business must find ways to work within the limits imposed by governmental intervention in the international trade and investment system.

"Beggar thy neighbor" retaliatory trade policies involved countries progressively lowering trade barriers against each other, which contributed to the Great Depression of the 1930s.

One of the UN's central mandates is the promotion of higher standards of living, full employment, and conditions of economic and social progress and development.

How has the foreign direct investment picture changed since the 1960s?

National Differences in Political Economy

Political Economy and Economic Development

Differences in Culture

Ethics in International Business

International Trade Theory

The Political Economy of International Trade

Foreign Direct Investment

Regional Economic Integration

The Foreign Exchange Market

The International Monetary System

The Global Capital Market

The Strategy of International Business

The Organization of International Business

Entry Strategy and Strategic Alliances

Exporting, Importing, and Countertrade

Global Production, Outsourcing, and Logistics

Global Marketing and RD

Global Human Resource Management

Accounting and Finance in the International Business

Filters

Consider the global economy of the 21^st century. What important changes are taking place? What do these changes mean for international companies?