Question 1

Critics of globalization believe that:

Accepted Answer

A)  the offshoring of business services jobs to lower-wage countries inherently creates greater opportunities at home. 
B)  growing trade deficits and slow wage growth are damaging economies. 
C)  when production moves to countries to take advantage of less-regulated environments, an upward pressure is created on wages and working conditions. 
D)  the main winners of globalization are the low-wage workers.

Question 2

In the context of emerging and developing economies in Central and Eastern Europe,which of the following is a pervasive challenge in Russia?

Accepted Answer

A)  Privatization 
B)  Dismantling of Russian price controls 
C)  Lack of public security 
D)  Expansion of the middle class

Question 3

The United States,Canada,and Mexico make up the _____,which in essence has removed all barriers to trade among these countries and created a huge North American market.

Accepted Answer

A)  General Agreement on Tariffs and Trade 
B)  North American Common Market 
C)  North American Free Trade Agreement 
D)  North American Trade Union

Question 4

Singapore has emerged as an urban planner's ideal model and the leader and financial center of Southeast Asia.

Accepted Answer

A) True 
 B)False

Question 5

The ultimate objective of the European Union is to:

Accepted Answer

A)  develop separate custom duties for member countries. 
B)  eliminate all trade barriers among member countries. 
C)  have a single government that represents all European Union countries. 
D)  increase imports into European Union countries.

Question 6

A _____ can be defined as an organizational arrangement in Japan in which a large,often vertically integrated group of companies cooperate and work closely with each other to provide goods and services to end users.

Accepted Answer

A)  vertically integrated corporation 
B)  keiretsu 
C)  maquiladora 
D)  chaebol

Question 7

To qualify as a multinational corporation (MNC),a firm must meet all of the following criteria except:

Accepted Answer

A)  operations in more than one country. 
B)  international sales. 
C)  a mix of nationalities among managers and owners. 
D)  sales of at least one million dollars per year.

Question 8

Which of the following statements is true about the economy of Poland?

Accepted Answer

A)  The consensus decision-making system of Poland turns out to be too time-consuming in the new speed-based economy. 
B)  During the 1970s and 1980s, Poland's economic success had been without precedent. 
C)  Poland is among the largest of the former communist countries that receive the least media coverage. 
D)  Poland's economy was the only economy in the European Union to grow during the global recession of 2008-2009.

Question 9

Which of the following economies is projected to become the largest by 2050 using market exchange rates?

Accepted Answer

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

Question 10

Monopolies are a danger to the market economy system because they tend to stifle economic growth.

Accepted Answer

A) True 
 B)False

Question 11

A _____ exists when private enterprise reserves the right to own property and monitor the production and distribution of goods and services while the state simply supports competition and efficient practices.

Accepted Answer

A)  command economy 
B)  market economy 
C)  mixed economy 
D)  socialist economy

Question 12

The Trans-Pacific Partnership (TPP)is a trade agreement among 12 Pacific Rim countries,including:

Accepted Answer

A)  Peru, the United States, and Vietnam. 
B)  Great Britain, New Zealand, and China. 
C)  India, Canada, and Australia. 
D)  Singapore, Russia, and Chile.

Question 13

In the context of emerging and developing economies,identify a true statement about India.

Accepted Answer

A)  The overwhelmingly diverse people of India mostly speak tribal languages and dialects. 
B)  Its political instability is pervasive, which generates substantial risks for foreign investors. 
C)  Indians are known for their advanced information technology expertise. 
D)  Indian government is unable to provide funds for economic development.

Question 14

_____ is the process of applying management concepts and techniques in a multinational environment and adapting management practices to different economic,political,and cultural environments.

Accepted Answer

A)  Strategic management 
B)  Internationalization 
C)  Globalization 
D)  International management

Question 15

Foreign direct investment has been falling alarmingly since the global recession of 2009 in most regions of the world.

Accepted Answer

A) True 
 B)False

Question 16

A _____ is comparable to a monopoly in the sense that an organization,in this case the government,has explicit control over the price and supply of a good or service.

Accepted Answer

A)  command economy 
B)  market economy 
C)  mixed economy 
D)  socialist economy

Question 17

What is a multinational corporation? Why would a company want to be a multinational corporation?

Accepted Answer

The answer of What is a multinational corporation? Why would...

Question 18

By the early 1990s _____ had recovered from its economic problems of the previous decade and had become the strongest economy in Latin America.

Accepted Answer

A)  Brazil 
B)  Argentina 
C)  Mexico 
D)  Chile

Question 19

Unlike a market economy,a command economy is characterized by:

Accepted Answer

A)  private ownership of businesses. 
B)  an appropriate response to consumers' stated needs and desires. 
C)  insufficient security provided by government subsidies. 
D)  an ignorance of demographic information by management.

Question 20

In the context of established economies,the United States has considerable foreign direct investment in _____.

Accepted Answer

A)  the Netherlands 
B)  Mexico 
C)  the United Kingdom 
D)  Canada

Exam 1: Globalization and International Linkages

Critics of globalization believe that:

In the context of emerging and developing economies in Central and Eastern Europe,which of the following is a pervasive challenge in Russia?

The United States,Canada,and Mexico make up the _____,which in essence has removed all barriers to trade among these countries and created a huge North American market.

Singapore has emerged as an urban planner's ideal model and the leader and financial center of Southeast Asia.

The ultimate objective of the European Union is to:

A _____ can be defined as an organizational arrangement in Japan in which a large,often vertically integrated group of companies cooperate and work closely with each other to provide goods and services to end users.

To qualify as a multinational corporation (MNC) ,a firm must meet all of the following criteria except:

Which of the following statements is true about the economy of Poland?

Which of the following economies is projected to become the largest by 2050 using market exchange rates?

Monopolies are a danger to the market economy system because they tend to stifle economic growth.

A _____ exists when private enterprise reserves the right to own property and monitor the production and distribution of goods and services while the state simply supports competition and efficient practices.

The Trans-Pacific Partnership (TPP) is a trade agreement among 12 Pacific Rim countries,including:

In the context of emerging and developing economies,identify a true statement about India.

_____ is the process of applying management concepts and techniques in a multinational environment and adapting management practices to different economic,political,and cultural environments.

Foreign direct investment has been falling alarmingly since the global recession of 2009 in most regions of the world.

A _____ is comparable to a monopoly in the sense that an organization,in this case the government,has explicit control over the price and supply of a good or service.

What is a multinational corporation? Why would a company want to be a multinational corporation?

By the early 1990s _____ had recovered from its economic problems of the previous decade and had become the strongest economy in Latin America.

Unlike a market economy,a command economy is characterized by:

In the context of established economies,the United States has considerable foreign direct investment in _____.