Question 1

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 2

The General Agreement on Tariffs and Trade (GATT)was responsible for _____.

Accepted Answer

A)  protecting government owned enterprises 
B)  policing the global marketplace 
C)  limiting nuclear testing 
D)  promoting environment friendly technology 
A)  protecting government owned enterprises 
B)  policing the global marketplace 
C)  limiting nuclear testing 
D)  promoting environment friendly technology

Question 3

In 2008 and 2009,the GATT became the forum though which major nations attempted to launch a coordinated policy response to the global financial crisis,which started in America.

Accepted Answer

A) True 
 B)False

Question 4

What is the Uruguay Round? List the measures implemented in the Uruguay Round?

Accepted Answer

Under the umbrella of GATT,eight rounds

Question 5

Explain the notion of the World Wide Web emerging as an equalizer.

Accepted Answer

In 1990,fewer than 1 million users were

Question 6

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 7

_____ predicts that the power of microprocessor technology doubles and its cost of production falls in half every 18 months.

Accepted Answer

A)  Keynes's Law 
B)  Say's Law 
C)  Moore's Law 
D)  Sullivan Principles 
A)  Keynes's Law 
B)  Say's Law 
C)  Moore's Law 
D)  Sullivan Principles

Question 8

The World Bank is known as the lender of the last resort.

Accepted Answer

A) True 
 B)False

Question 9

Explain how a company competes using outsourcing.Provide an example.

Accepted Answer

The lowering of trade and investment bar

Question 10

NAFTA was passed only after:

Accepted Answer

A)  China agreed to establish a higher minimum wage. 
B)  the U.S. agreed to limit the number of jobs that could be outsourced. 
C)  Mexico committed to tougher enforcement of environmental protection regulations. 
D)  Canada committed to establish new limits on FDI. 
A)  China agreed to establish a higher minimum wage. 
B)  the U.S. agreed to limit the number of jobs that could be outsourced. 
C)  Mexico committed to tougher enforcement of environmental protection regulations. 
D)  Canada committed to establish new limits on FDI.

Question 11

In the 1970s,many Japanese firms invested in North America and Europe:

Accepted Answer

A)  to avoid a highly competitive domestic market. 
B)  to exploit high domestic tariff barriers. 
C)  as a hedge against unfavorable currency movements. 
D)  to take advantage of low labor costs. 
A)  to avoid a highly competitive domestic market. 
B)  to exploit high domestic tariff barriers. 
C)  as a hedge against unfavorable currency movements. 
D)  to take advantage of low labor costs.

Question 12

Which of these statements pertaining to cross-border FDI flows is true?

Accepted Answer

A)  There was a growth of FDI between 2004 and 2007. 
B)  A slump in FDI from 1998 to 2000 was followed by a surge from 2001 to 2003. 
C)  Among developing nations, the largest recipient of FDI has been Russia. 
D)  The dramatic increase in FDI reflects the decreasing internationalization of business corporations. 
A)  There was a growth of FDI between 2004 and 2007. 
B)  A slump in FDI from 1998 to 2000 was followed by a surge from 2001 to 2003. 
C)  Among developing nations, the largest recipient of FDI has been Russia. 
D)  The dramatic increase in FDI reflects the decreasing internationalization of business corporations.

Question 13

Which of the following factors hinders globalization of consumer goods market?

Accepted Answer

A)  National differences in tastes and preferences 
B)  Higher production costs in developed nations 
C)  Homogenization of material culture 
D)  Increasing outsourcing of goods and services 
A)  National differences in tastes and preferences 
B)  Higher production costs in developed nations 
C)  Homogenization of material culture 
D)  Increasing outsourcing of goods and services

Question 14

Early outsourcing efforts were primarily confined to _____.

Accepted Answer

A)  health care 
B)  service activities 
C)  technological research 
D)  manufacturing activities 
A)  health care 
B)  service activities 
C)  technological research 
D)  manufacturing activities

Question 15

The ______ is primarily responsible for policing the world trading system and making sure nation-states adhere to the rules laid down in trade treaties signed by member states.

Accepted Answer

A)  International Development Association 
B)  World Bank 
C)  International Court of justice 
D)  World Trade Organization 
A)  International Development Association 
B)  World Bank 
C)  International Court of justice 
D)  World Trade Organization

Question 16

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 17

A number of econometric studies have found consistent evidence of a hump-shaped relationship between income levels and pollution levels.According to this,as an economy grows and income levels rise:

Accepted Answer

A)  initially the pollution levels remain low 
B)  after a while the pollution levels decrease 
C)  the pollution levels also rise in proportion to the economic growth 
D)  there is increasing industrialization which leads to greater pollution 
A)  initially the pollution levels remain low 
B)  after a while the pollution levels decrease 
C)  the pollution levels also rise in proportion to the economic growth 
D)  there is increasing industrialization which leads to greater pollution

Question 18

In late 2001,the WTO launched a new round of talks in Doha aimed at:

Accepted Answer

A)  helping member states to cope with financial crisis. 
B)  further liberalization of the global trade and investment framework. 
C)  protecting national economies from global competition. 
D)  promoting higher standards of living in all member states. 
A)  helping member states to cope with financial crisis. 
B)  further liberalization of the global trade and investment framework. 
C)  protecting national economies from global competition. 
D)  promoting higher standards of living in all member states.

Question 19

Consider whether the shift toward a more integrated and interdependent global economy is a good thing.Discuss the shift from the eyes of the consumer,the worker,the company,and the environmentalist.

Accepted Answer

There are many advantages of globalizati

Question 20

Globalization of markets results in markets becoming _____.

Accepted Answer

A)  less interdependent 
B)  less diverse 
C)  more protected 
D)  less competitive 
A)  less interdependent 
B)  less diverse 
C)  more protected 
D)  less competitive

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

The General Agreement on Tariffs and Trade (GATT)was responsible for _____.

In 2008 and 2009,the GATT became the forum though which major nations attempted to launch a coordinated policy response to the global financial crisis,which started in America.

What is the Uruguay Round? List the measures implemented in the Uruguay Round?

Explain the notion of the World Wide Web emerging as an equalizer.

An international business,unlike a multinational enterprise,_____.

_____ predicts that the power of microprocessor technology doubles and its cost of production falls in half every 18 months.

The World Bank is known as the lender of the last resort.

Explain how a company competes using outsourcing.Provide an example.

NAFTA was passed only after:

In the 1970s,many Japanese firms invested in North America and Europe:

Which of these statements pertaining to cross-border FDI flows is true?

Which of the following factors hinders globalization of consumer goods market?

Early outsourcing efforts were primarily confined to _____.

The ______ is primarily responsible for policing the world trading system and making sure nation-states adhere to the rules laid down in trade treaties signed by member states.

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

A number of econometric studies have found consistent evidence of a hump-shaped relationship between income levels and pollution levels.According to this,as an economy grows and income levels rise:

In late 2001,the WTO launched a new round of talks in Doha aimed at:

Consider whether the shift toward a more integrated and interdependent global economy is a good thing.Discuss the shift from the eyes of the consumer,the worker,the company,and the environmentalist.

Globalization of markets results in markets becoming _____.

National Differences in Political Economy, and Legal Systems

National Differences in Economic Development

Differences in Culture

Ethics, corporate Social Responsibility, and Sustainability

International Trade Theory

Government Policy and International Trade

Foreign Direct Investment

Regional Trade Pacts Give the Mexican Auto Industry an Edge

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 and Supply Chain Management

Global Marketing and Rd

Global Human Resource Management

Accounting and Finance in the International Business

Filters

Exam 1: Globalization

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

The General Agreement on Tariffs and Trade (GATT)was responsible for _____.

In 2008 and 2009,the GATT became the forum though which major nations attempted to launch a coordinated policy response to the global financial crisis,which started in America.

What is the Uruguay Round? List the measures implemented in the Uruguay Round?

Explain the notion of the World Wide Web emerging as an equalizer.

An international business,unlike a multinational enterprise,_____.

_____ predicts that the power of microprocessor technology doubles and its cost of production falls in half every 18 months.

The World Bank is known as the lender of the last resort.

Explain how a company competes using outsourcing.Provide an example.

NAFTA was passed only after:

In the 1970s,many Japanese firms invested in North America and Europe:

Which of these statements pertaining to cross-border FDI flows is true?

Which of the following factors hinders globalization of consumer goods market?

Early outsourcing efforts were primarily confined to _____.

The ______ is primarily responsible for policing the world trading system and making sure nation-states adhere to the rules laid down in trade treaties signed by member states.

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

A number of econometric studies have found consistent evidence of a hump-shaped relationship between income levels and pollution levels.According to this,as an economy grows and income levels rise:

In late 2001,the WTO launched a new round of talks in Doha aimed at:

Consider whether the shift toward a more integrated and interdependent global economy is a good thing.Discuss the shift from the eyes of the consumer,the worker,the company,and the environmentalist.

Globalization of markets results in markets becoming _____.

National Differences in Political Economy, and Legal Systems

National Differences in Economic Development

Differences in Culture

Ethics, corporate Social Responsibility, and Sustainability

International Trade Theory

Government Policy and International Trade

Foreign Direct Investment

Regional Trade Pacts Give the Mexican Auto Industry an Edge

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 and Supply Chain Management

Global Marketing and Rd

Global Human Resource Management

Accounting and Finance in the International Business

Filters