Question 1

Differences between countries require that an international business vary its practices country by country.

Accepted Answer

A) True 
 B)False

Question 2

The lowering of barriers to international trade enables firms to view the world,rather than a single country,as their market.

Accepted Answer

A) True 
 B)False

Question 3

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 4

What is the World Trade Organization? What is its role in the world economy?

Accepted Answer

The World Trade Organization (WTO)is pri

Question 5

Discuss the concept of the globalization of production.

Accepted Answer

The globalization of production refers t

Question 6

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 7

According to WTO data,the volume of world merchandise trade has grown faster than the world economy since 1950.

Accepted Answer

A) True 
 B)False

Question 8

Which of the following is true about the International Monetary Fund?

Accepted Answer

A)  It is primarily responsible for policing the world trading system. 
B)  It is seen as the lender of last resort to nation-states whose economies are in turmoil. 
C)  It is responsible for establishing multinational treaties to govern the global business system. 
D)  It was established to formulate a coordinated policy response to financial crises in developing nations. 
A)  It is primarily responsible for policing the world trading system. 
B)  It is seen as the lender of last resort to nation-states whose economies are in turmoil. 
C)  It is responsible for establishing multinational treaties to govern the global business system. 
D)  It was established to formulate a coordinated policy response to financial crises in developing nations.

Question 9

"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 10

What is a multinational enterprise (MNE)? How does a mini-multinational differ from an MNE?

Accepted Answer

A multinational enterprise is any busine

Question 11

Globalization is criticized because it increases the power of _____.

Accepted Answer

A)  governments to own enterprises 
B)  unskilled labor to form labor unions 
C)  supranational organizations over nation-states 
D)  nation-states to regulate markets and reduce competition 
A)  governments to own enterprises 
B)  unskilled labor to form labor unions 
C)  supranational organizations over nation-states 
D)  nation-states to regulate markets and reduce competition

Question 12

The relative decline of the United States in the share of world output and world exports reflects _____.

Accepted Answer

A)  an increase in the barriers to foreign trade in the U.S. 
B)  the deepening of the global financial crisis 
C)  the reduced industrialization in developing nations 
D)  the growth in the economic development of the world economy 
A)  an increase in the barriers to foreign trade in the U.S. 
B)  the deepening of the global financial crisis 
C)  the reduced industrialization in developing nations 
D)  the growth in the economic development of the world economy

Question 13

The _____ was established on October 24,1945,by 51 countries committed to preserving peace through international cooperation and collective security.

Accepted Answer

A)  World Trade Organization 
B)  United Nations 
C)  G20tx 
D)  World Bank 
A)  World Trade Organization 
B)  United Nations 
C)  G20tx 
D)  World Bank

Question 14

Companies hope to lower their overall cost structure or improve the quality or functionality of their product offering through globalization of production.

Accepted Answer

A) True 
 B)False

Question 15

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

Accepted Answer

Since 1950,the volume of world merchandi

Question 16

The World Bank has focused on policing the world trading system and making sure nation-states adhere to the rules laid down in trade treaties.

Accepted Answer

A) True 
 B)False

Question 17

Which of the following is NOT included in world merchandise trade?

Accepted Answer

A)  Manufactured goods 
B)  Agricultural goods 
C)  Services 
D)  Mining products 
A)  Manufactured goods 
B)  Agricultural goods 
C)  Services 
D)  Mining products

Question 18

Rivers Inc.,a U.S.based sports apparel manufacturer,sets up a production unit in China to take advantage of the lower labor costs there.This is an example of foreign direct investment.

Accepted Answer

A) True 
 B)False

Question 19

Why does China represent both opportunities and threats for established international businesses?

Accepted Answer

China represents a huge and largely unta

Question 20

_____ have/has the most to gain from reductions in agricultural tariffs and subsidies that are a part of the Doha agenda.

Accepted Answer

A)  The world's developed nations 
B)  The world's poorer nations 
C)  European nations 
D)  The United States 
A)  The world's developed nations 
B)  The world's poorer nations 
C)  European nations 
D)  The United States

Differences between countries require that an international business vary its practices country by country.

The lowering of barriers to international trade enables firms to view the world,rather than a single country,as their market.

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

What is the World Trade Organization? What is its role in the world economy?

Discuss the concept of the globalization of production.

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

According to WTO data,the volume of world merchandise trade has grown faster than the world economy since 1950.

Which of the following is true about the International Monetary Fund?

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

What is a multinational enterprise (MNE)? How does a mini-multinational differ from an MNE?

Globalization is criticized because it increases the power of _____.

The relative decline of the United States in the share of world output and world exports reflects _____.

The _____ was established on October 24,1945,by 51 countries committed to preserving peace through international cooperation and collective security.

Companies hope to lower their overall cost structure or improve the quality or functionality of their product offering through globalization of production.

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

The World Bank has focused on policing the world trading system and making sure nation-states adhere to the rules laid down in trade treaties.

Which of the following is NOT included in world merchandise trade?

Rivers Inc.,a U.S.based sports apparel manufacturer,sets up a production unit in China to take advantage of the lower labor costs there.This is an example of foreign direct investment.

Why does China represent both opportunities and threats for established international businesses?

_____ have/has the most to gain from reductions in agricultural tariffs and subsidies that are a part of the Doha agenda.

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

Differences between countries require that an international business vary its practices country by country.

The lowering of barriers to international trade enables firms to view the world,rather than a single country,as their market.

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

What is the World Trade Organization? What is its role in the world economy?

Discuss the concept of the globalization of production.

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

According to WTO data,the volume of world merchandise trade has grown faster than the world economy since 1950.

Which of the following is true about the International Monetary Fund?

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

What is a multinational enterprise (MNE)? How does a mini-multinational differ from an MNE?

Globalization is criticized because it increases the power of _____.

The relative decline of the United States in the share of world output and world exports reflects _____.

The _____ was established on October 24,1945,by 51 countries committed to preserving peace through international cooperation and collective security.

Companies hope to lower their overall cost structure or improve the quality or functionality of their product offering through globalization of production.

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

The World Bank has focused on policing the world trading system and making sure nation-states adhere to the rules laid down in trade treaties.

Which of the following is NOT included in world merchandise trade?

Rivers Inc.,a U.S.based sports apparel manufacturer,sets up a production unit in China to take advantage of the lower labor costs there.This is an example of foreign direct investment.

Why does China represent both opportunities and threats for established international businesses?

_____ have/has the most to gain from reductions in agricultural tariffs and subsidies that are a part of the Doha agenda.

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