INB 300 Exam 1 - UNCW Allen Patrick Exam
Questions With Correct Answers
According to one of the three views of globalization, globalization is _____. - CORRECT
ANSWER✔✔-a process similar to the swing of a pendulum
According to the Pendulum view on globalization, globalization is very recent and one-
directional. - CORRECT ANSWER✔✔-False
MaltHanks Inc., a leading American firm, starts its operations in China. It incurs a lot of
additional costs in comparison to the local firms. These costs originate in limited local
knowledge and local stakeholders' discriminatory attitudes. Which of the following best
describes the problem faced by MaltHanks? - CORRECT ANSWER✔✔-Liability of foreignness
LindaLoel Corp. extensively uses the technique of scenario planning. Scenario planning is the
identification and assessment of risks and the preparation to minimize the impact of high-risk,
unfortunate events. - CORRECT ANSWER✔✔-False - Risk management
Which of the following is a reason that expats are often hired away by competitor firms? -
CORRECT ANSWER✔✔-The competitor firms are interested in globalizing their business by using
expat expertise.
Which of the following statements is true of purchasing power parity (PPP)? - CORRECT
ANSWER✔✔-It is an adjustment to reflect the differences in cost of living among different
countries.
The goal of the CEO of the new East India Company was to unlock and strengthen the potential
value of the world's first multinational. - CORRECT ANSWER✔✔-true
, Which of the following is a difference between risk management and scenario planning? -
CORRECT ANSWER✔✔-Risk management is the identification and assessment of risks, whereas
scenario planning is a technique to prepare and plan for multiple situations.
Which of the following statements is true of foreign direct investment? - CORRECT
ANSWER✔✔-It is the process of investing in, controlling, and managing value-added activities in
other countries.
Which of the following expression does the author use to describe globalization in the recent
times? - CORRECT ANSWER✔✔-Total globalization
Which of the following statements is true of institutions? - CORRECT ANSWER✔✔-They mean
the formal and informal rules of the game.
Individuals who make less than $2000 a year comprise the base of the pyramid (BoP). -
CORRECT ANSWER✔✔-true
Which of the following statements is true of the second tier of the global economy pyramid? -
CORRECT ANSWER✔✔-It consists of a billion people making $2,000 to $20,000 a year.
George and John are both managers at Routen Plan Inc. based in Washington, but only George
receives a significant international premium compensation as he is an expatriate manager of
Routen Plan, Germany. - CORRECT ANSWER✔✔-true
Formal institutions include culture, ethics, and values. - CORRECT ANSWER✔✔-False - laws,
regulations, rules
The _____ consists of North America, Western Europe, and Japan. - CORRECT ANSWER✔✔-triad
Questions With Correct Answers
According to one of the three views of globalization, globalization is _____. - CORRECT
ANSWER✔✔-a process similar to the swing of a pendulum
According to the Pendulum view on globalization, globalization is very recent and one-
directional. - CORRECT ANSWER✔✔-False
MaltHanks Inc., a leading American firm, starts its operations in China. It incurs a lot of
additional costs in comparison to the local firms. These costs originate in limited local
knowledge and local stakeholders' discriminatory attitudes. Which of the following best
describes the problem faced by MaltHanks? - CORRECT ANSWER✔✔-Liability of foreignness
LindaLoel Corp. extensively uses the technique of scenario planning. Scenario planning is the
identification and assessment of risks and the preparation to minimize the impact of high-risk,
unfortunate events. - CORRECT ANSWER✔✔-False - Risk management
Which of the following is a reason that expats are often hired away by competitor firms? -
CORRECT ANSWER✔✔-The competitor firms are interested in globalizing their business by using
expat expertise.
Which of the following statements is true of purchasing power parity (PPP)? - CORRECT
ANSWER✔✔-It is an adjustment to reflect the differences in cost of living among different
countries.
The goal of the CEO of the new East India Company was to unlock and strengthen the potential
value of the world's first multinational. - CORRECT ANSWER✔✔-true
, Which of the following is a difference between risk management and scenario planning? -
CORRECT ANSWER✔✔-Risk management is the identification and assessment of risks, whereas
scenario planning is a technique to prepare and plan for multiple situations.
Which of the following statements is true of foreign direct investment? - CORRECT
ANSWER✔✔-It is the process of investing in, controlling, and managing value-added activities in
other countries.
Which of the following expression does the author use to describe globalization in the recent
times? - CORRECT ANSWER✔✔-Total globalization
Which of the following statements is true of institutions? - CORRECT ANSWER✔✔-They mean
the formal and informal rules of the game.
Individuals who make less than $2000 a year comprise the base of the pyramid (BoP). -
CORRECT ANSWER✔✔-true
Which of the following statements is true of the second tier of the global economy pyramid? -
CORRECT ANSWER✔✔-It consists of a billion people making $2,000 to $20,000 a year.
George and John are both managers at Routen Plan Inc. based in Washington, but only George
receives a significant international premium compensation as he is an expatriate manager of
Routen Plan, Germany. - CORRECT ANSWER✔✔-true
Formal institutions include culture, ethics, and values. - CORRECT ANSWER✔✔-False - laws,
regulations, rules
The _____ consists of North America, Western Europe, and Japan. - CORRECT ANSWER✔✔-triad
