Question 1

Since the collapse of communism at the end of the 1980s,the erstwhile communist nations have transformed their economies by globalizing their markets.This involves _____.

Accepted Answer

A)  regulating markets 
B)  privatizing state-owned enterprises 
C)  decreasing competition 
D)  reducing foreign investment 
A)  regulating markets 
B)  privatizing state-owned enterprises 
C)  decreasing competition 
D)  reducing foreign investment

Question 2

In the last two decades,Latin American countries like Brazil,Mexico,and Chile have _____.

Accepted Answer

A)  embraced communist principles 
B)  promoted government ownership of enterprises 
C)  experienced increasing debt and inflation 
D)  welcomed foreign investment 
A)  embraced communist principles 
B)  promoted government ownership of enterprises 
C)  experienced increasing debt and inflation 
D)  welcomed foreign investment

Question 3

The G20tx was originally established to _____.

Accepted Answer

A)  preserve peace through international cooperation and collective security 
B)  maintain order in the international monetary system 
C)  formulate a coordinated policy response to financial crises in developing nations 
D)  manage, regulate, and police the global marketplace 
A)  preserve peace through international cooperation and collective security 
B)  maintain order in the international monetary system 
C)  formulate a coordinated policy response to financial crises in developing nations 
D)  manage, regulate, and police the global marketplace

Question 4

According to supporters of free trade,as countries get richer they commit greater violation of environmental and labor regulations.

Accepted Answer

A) True 
 B)False

Question 5

A firm does not have to become a multinational enterprise to engage in international business.

Accepted Answer

A) True 
 B)False

Question 6

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 7

Why managing an international business is different from managing a purely domestic business?

Accepted Answer

Managing an international business is di

Question 8

Which of the following has enabled globalization of markets?

Accepted Answer

A)  Differentiation amongst national markets 
B)  Falling barriers to cross border trade 
C)  Reduced homogeneity of material culture across the world 
D)  Increased government ownership of factors of production 
A)  Differentiation amongst national markets 
B)  Falling barriers to cross border trade 
C)  Reduced homogeneity of material culture across the world 
D)  Increased government ownership of factors of production

Question 9

Innovations in transportation have had a major impact on global trade.Consider one of these innovations: containerization.Why is this innovation so significant?

Accepted Answer

Containerization has revolutionized the

Question 10

Globalization critics argue that the decline in unskilled wage rates is due to the migration of low-wage manufacturing jobs offshore and a corresponding reduction in demand for unskilled workers.

Accepted Answer

A) True 
 B)False

Question 11

Since the 1960s,which of the following has been a notable trend in the demographics of the multinational enterprise?

Accepted Answer

A)  The decline of multinational companies in the manufacturing sector 
B)  The growth of government-owned multinational enterprises 
C)  The decline of non-U.S. multinationals 
D)  The growth of mini-multinationals 
A)  The decline of multinational companies in the manufacturing sector 
B)  The growth of government-owned multinational enterprises 
C)  The decline of non-U.S. multinationals 
D)  The growth of mini-multinationals

Question 12

Efficiency gains associated with containerization have caused transportation costs to fall dramatically.

Accepted Answer

A) True 
 B)False

Question 13

Low-cost global communications networks such as the World Wide Web are helping to create electronic global marketplaces.

Accepted Answer

A) True 
 B)False

Question 14

Falling barriers to international trade destroy manufacturing jobs in wealthy advanced economies.Discuss this statement.Do you agree? Why or why not?

Accepted Answer

Critics argue that falling trade barrier

Question 15

Discuss the demographics of world trade since the 1960s.How has the role of the U.S.changed? How is world trade expected to change in the future?

Accepted Answer

In the early1960s,the U.S.was the world'

Question 16

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

Accepted Answer

The U.S.accounted for about 66.3 percent

Question 17

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 18

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 19

Current trends indicate the world is moving toward an economic system that is more favorable for international business.

Accepted Answer

A) True 
 B)False

Question 20

The World Trade Organization promotes _____.

Accepted Answer

A)  lowering of barriers to cross-border trade and investment 
B)  infrastructural development in poor nations through low-interest loans 
C)  state ownership of major enterprises 
D)  regulation of national economies 
A)  lowering of barriers to cross-border trade and investment 
B)  infrastructural development in poor nations through low-interest loans 
C)  state ownership of major enterprises 
D)  regulation of national economies

Since the collapse of communism at the end of the 1980s,the erstwhile communist nations have transformed their economies by globalizing their markets.This involves _____.

In the last two decades,Latin American countries like Brazil,Mexico,and Chile have _____.

The G20tx was originally established to _____.

According to supporters of free trade,as countries get richer they commit greater violation of environmental and labor regulations.

A firm does not have to become a multinational enterprise to engage in international business.

Which of the following is a consequence of globalization?

Why managing an international business is different from managing a purely domestic business?

Which of the following has enabled globalization of markets?

Innovations in transportation have had a major impact on global trade.Consider one of these innovations: containerization.Why is this innovation so significant?

Globalization critics argue that the decline in unskilled wage rates is due to the migration of low-wage manufacturing jobs offshore and a corresponding reduction in demand for unskilled workers.

Since the 1960s,which of the following has been a notable trend in the demographics of the multinational enterprise?

Efficiency gains associated with containerization have caused transportation costs to fall dramatically.

Low-cost global communications networks such as the World Wide Web are helping to create electronic global marketplaces.

Falling barriers to international trade destroy manufacturing jobs in wealthy advanced economies.Discuss this statement.Do you agree? Why or why not?

Discuss the demographics of world trade since the 1960s.How has the role of the U.S.changed? How is world trade expected to change in the future?

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

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

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.

Current trends indicate the world is moving toward an economic system that is more favorable for international business.

The World Trade Organization promotes _____.

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

Since the collapse of communism at the end of the 1980s,the erstwhile communist nations have transformed their economies by globalizing their markets.This involves _____.

In the last two decades,Latin American countries like Brazil,Mexico,and Chile have _____.

The G20tx was originally established to _____.

According to supporters of free trade,as countries get richer they commit greater violation of environmental and labor regulations.

A firm does not have to become a multinational enterprise to engage in international business.

Which of the following is a consequence of globalization?

Why managing an international business is different from managing a purely domestic business?

Which of the following has enabled globalization of markets?

Innovations in transportation have had a major impact on global trade.Consider one of these innovations: containerization.Why is this innovation so significant?

Globalization critics argue that the decline in unskilled wage rates is due to the migration of low-wage manufacturing jobs offshore and a corresponding reduction in demand for unskilled workers.

Since the 1960s,which of the following has been a notable trend in the demographics of the multinational enterprise?

Efficiency gains associated with containerization have caused transportation costs to fall dramatically.

Low-cost global communications networks such as the World Wide Web are helping to create electronic global marketplaces.

Falling barriers to international trade destroy manufacturing jobs in wealthy advanced economies.Discuss this statement.Do you agree? Why or why not?

Discuss the demographics of world trade since the 1960s.How has the role of the U.S.changed? How is world trade expected to change in the future?

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

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

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.

Current trends indicate the world is moving toward an economic system that is more favorable for international business.

The World Trade Organization promotes _____.

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