Question 1

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

Accepted Answer

The U.S.accounted for about 66.3 percent

Question 2

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 3

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 4

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 5

Outsourcing is a process that is limited to manufacturing enterprises.

Accepted Answer

A) True 
 B)False

Question 6

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 7

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 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

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 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

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

Accepted Answer

Under the umbrella of GATT,eight rounds

Question 12

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 13

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 14

Globalization reduces the risks of global financial contagion.

Accepted Answer

A) True 
 B)False

Question 15

Which of the following is a risk associated with globalization?

Accepted Answer

A)  Restrictions on competition 
B)  Global financial contagion 
C)  Excessive market regulation 
D)  Differentiation of markets 
A)  Restrictions on competition 
B)  Global financial contagion 
C)  Excessive market regulation 
D)  Differentiation of markets

Question 16

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 17

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 18

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 19

A current trend in international business is the decline of medium-sized and small multinationals,known as mini-multinationals.

Accepted Answer

A) True 
 B)False

Question 20

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

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

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

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

Early outsourcing efforts were primarily confined to _____.

Outsourcing is a process that is limited to manufacturing enterprises.

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.

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

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

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.

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.

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

Which of the following is a consequence of globalization?

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

Globalization reduces the risks of global financial contagion.

Which of the following is a risk associated with globalization?

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

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

The G20tx was originally established to _____.

A current trend in international business is the decline of medium-sized and small multinationals,known as mini-multinationals.

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

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

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

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

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

Early outsourcing efforts were primarily confined to _____.

Outsourcing is a process that is limited to manufacturing enterprises.

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.

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

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

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.

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.

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

Which of the following is a consequence of globalization?

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

Globalization reduces the risks of global financial contagion.

Which of the following is a risk associated with globalization?

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

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

The G20tx was originally established to _____.

A current trend in international business is the decline of medium-sized and small multinationals,known as mini-multinationals.

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

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