Question 1

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 2

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 3

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 4

The most global markets currently are markets for consumer products.

Accepted Answer

A) True 
 B)False

Question 5

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

Accepted Answer

A) True 
 B)False

Question 6

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 7

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 8

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

Accepted Answer

Managing an international business is di

Question 9

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 10

_____ 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 11

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 12

Discuss the impact of technological change on global markets.

Accepted Answer

Major advances in communication,informat

Question 13

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 14

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 15

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

Question 16

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 17

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 18

Which of the following countries has been the largest recipient of foreign direct investment and received about $60 billion to $100 billion a year in inflows in 2004-2009?

Accepted Answer

A)  Brazil 
B)  Russia 
C)  India 
D)  China 
A)  Brazil 
B)  Russia 
C)  India 
D)  China

Question 19

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 20

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

Accepted Answer

A) True 
 B)False

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

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.

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

The most global markets currently are markets for consumer products.

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

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

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

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

NAFTA was passed only after:

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

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

Discuss the impact of technological change on global markets.

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

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

The World Trade Organization promotes _____.

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

Which of the following has enabled globalization of markets?

Which of the following countries has been the largest recipient of foreign direct investment and received about $60 billion to $100 billion a year in inflows in 2004-2009?

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

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

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

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

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.

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

The most global markets currently are markets for consumer products.

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

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

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

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

NAFTA was passed only after:

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

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

Discuss the impact of technological change on global markets.

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

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

The World Trade Organization promotes _____.

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

Which of the following has enabled globalization of markets?

Which of the following countries has been the largest recipient of foreign direct investment and received about $60 billion to $100 billion a year in inflows in 2004-2009?

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

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

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?