Question 1

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

Accepted Answer

A) True 
 B)False

Question 2

Evidence suggests that technological change has had a bigger impact than globalization on the declining share of national income enjoyed by labor.

Accepted Answer

A) True 
 B)False

Question 3

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 4

The shift toward a more integrated and interdependent world economy is referred to as globalization.

Accepted Answer

A) True 
 B)False

Question 5

Over the past 30 years the flow of FDI has accelerated faster than the growth in world trade and world output.

Accepted Answer

A) True 
 B)False

Question 6

The World Trade Organization has estimated that the developed nations of the world can raise global economic welfare by $128 billion by:

Accepted Answer

A)  removing subsidies given to their agricultural producers. 
B)  increasing tariff barriers to trade in agriculture. 
C)  increasing outsourcing of manufacturing processes. 
D)  reducing defence expenditure. 
A)  removing subsidies given to their agricultural producers. 
B)  increasing tariff barriers to trade in agriculture. 
C)  increasing outsourcing of manufacturing processes. 
D)  reducing defence expenditure.

Question 7

The financial crisis in the U.S.in 2009 was triggered by _____.

Accepted Answer

A)  the global hike in the price of crude oil 
B)  the slowdown in U.S. imports 
C)  the problems in the U.S. subprime mortgage lending market 
D)  the artificial fixing of currency rate by China 
A)  the global hike in the price of crude oil 
B)  the slowdown in U.S. imports 
C)  the problems in the U.S. subprime mortgage lending market 
D)  the artificial fixing of currency rate by China

Question 8

A company does not need a large size to facilitate,and benefit from,the globalization of markets.

Accepted Answer

A) True 
 B)False

Question 9

Discuss the impact of technological change on global markets.

Accepted Answer

Major advances in communication,informat

Question 10

With the help of an example discuss the characteristics of globalization.

Accepted Answer

Globalization refers to a fundamental sh

Question 11

Which of the following is NOT an impediment that makes it difficult for firms to achieve the optimal dispersion of their productive activities to locations around the globe?

Accepted Answer

A)  Reduced tariffs on imports of manufactured goods 
B)  Government regulations 
C)  Issues associated with economic and political risk 
D)  Barriers to foreign direct investment 
A)  Reduced tariffs on imports of manufactured goods 
B)  Government regulations 
C)  Issues associated with economic and political risk 
D)  Barriers to foreign direct investment

Question 12

In the early 1960s,the United States was by far the world's dominant industrial power.However by 2009,it lost its dominant position and now,is no longer the world's largest industrial power.

Accepted Answer

A) True 
 B)False

Question 13

_____ occurs when a firm exports goods or services to consumers in another country.

Accepted Answer

A)  International trade 
B)  Foreign direct investment 
C)  Inward investment 
D)  Outsourcing 
A)  International trade 
B)  Foreign direct investment 
C)  Inward investment 
D)  Outsourcing

Question 14

What is the International Monetary Fund? What is the World Bank? What is their relationship,if any,with each other?

Accepted Answer

The International Monetary Fund (IMF)was

Question 15

Globalization reduces the risks of global financial contagion.

Accepted Answer

A) True 
 B)False

Question 16

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 17

Which of the following is NOT a consequence of the reduction in trade barriers and restrictions on FDI since 1950?

Accepted Answer

A)  Firms are dispersing parts of their production process to global locations to drive down production costs and increase product quality. 
B)  The economies of the world's nation states are becoming more intertwined. 
C)  Nations are becoming more independent of each other for important goods and services. 
D)  The world has become significantly wealthier since 1950. 
A)  Firms are dispersing parts of their production process to global locations to drive down production costs and increase product quality. 
B)  The economies of the world's nation states are becoming more intertwined. 
C)  Nations are becoming more independent of each other for important goods and services. 
D)  The world has become significantly wealthier since 1950.

Question 18

What is the total cumulative value of foreign investments best referred to as?

Accepted Answer

A)  Accumulation of foreign shares 
B)  Portfolio investments 
C)  Stock of foreign direct investments 
D)  Stock market investments 
A)  Accumulation of foreign shares 
B)  Portfolio investments 
C)  Stock of foreign direct investments 
D)  Stock market investments

Question 19

Supporters of debt relief argue that new democratic governments in poor nations should not be forced to honor debts incurred by corrupt and dictatorial predecessors.

Accepted Answer

A) True 
 B)False

Question 20

According to critics of globalization,today's interdependent global economy limits a nation's national sovereignty.

Accepted Answer

A) True 
 B)False

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

Evidence suggests that technological change has had a bigger impact than globalization on the declining share of national income enjoyed by labor.

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

The shift toward a more integrated and interdependent world economy is referred to as globalization.

Over the past 30 years the flow of FDI has accelerated faster than the growth in world trade and world output.

The World Trade Organization has estimated that the developed nations of the world can raise global economic welfare by $128 billion by:

The financial crisis in the U.S.in 2009 was triggered by _____.

A company does not need a large size to facilitate,and benefit from,the globalization of markets.

Discuss the impact of technological change on global markets.

With the help of an example discuss the characteristics of globalization.

Which of the following is NOT an impediment that makes it difficult for firms to achieve the optimal dispersion of their productive activities to locations around the globe?

In the early 1960s,the United States was by far the world's dominant industrial power.However by 2009,it lost its dominant position and now,is no longer the world's largest industrial power.

_____ occurs when a firm exports goods or services to consumers in another country.

What is the International Monetary Fund? What is the World Bank? What is their relationship,if any,with each other?

Globalization reduces the risks of global financial contagion.

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

Which of the following is NOT a consequence of the reduction in trade barriers and restrictions on FDI since 1950?

What is the total cumulative value of foreign investments best referred to as?

Supporters of debt relief argue that new democratic governments in poor nations should not be forced to honor debts incurred by corrupt and dictatorial predecessors.

According to critics of globalization,today's interdependent global economy limits a nation's national sovereignty.

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

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

Evidence suggests that technological change has had a bigger impact than globalization on the declining share of national income enjoyed by labor.

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

The shift toward a more integrated and interdependent world economy is referred to as globalization.

Over the past 30 years the flow of FDI has accelerated faster than the growth in world trade and world output.

The World Trade Organization has estimated that the developed nations of the world can raise global economic welfare by $128 billion by:

The financial crisis in the U.S.in 2009 was triggered by _____.

A company does not need a large size to facilitate,and benefit from,the globalization of markets.

Discuss the impact of technological change on global markets.

With the help of an example discuss the characteristics of globalization.

Which of the following is NOT an impediment that makes it difficult for firms to achieve the optimal dispersion of their productive activities to locations around the globe?

In the early 1960s,the United States was by far the world's dominant industrial power.However by 2009,it lost its dominant position and now,is no longer the world's largest industrial power.

_____ occurs when a firm exports goods or services to consumers in another country.

What is the International Monetary Fund? What is the World Bank? What is their relationship,if any,with each other?

Globalization reduces the risks of global financial contagion.

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

Which of the following is NOT a consequence of the reduction in trade barriers and restrictions on FDI since 1950?

What is the total cumulative value of foreign investments best referred to as?

Supporters of debt relief argue that new democratic governments in poor nations should not be forced to honor debts incurred by corrupt and dictatorial predecessors.

According to critics of globalization,today's interdependent global economy limits a nation's national sovereignty.

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

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