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Test Bank for Introduction to Global Business: Understanding the International
Environment & Global Business 3rd Edition
by Julian Gaspar
All Chapters (1-15) | Expert Verified Answers |Graded A+
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TABLE OF CONTENTS
Chapter 01: The Rise of Globalization............................................................................................................................. 3
Chapter 02: The Evolution of International Business ............................................................................................ 22
Chapter 03: Regional Economic Intergration ............................................................................................................ 38
Chapter 04: The International Flow of Funds and Exchange Rates.................................................................. 55
Chapter 05: The Cultural Environment ........................................................................................................................ 71
Chapter 06: The Legal and Political Environment of Global Business............................................................. 87
Chapter 07: Corruption and Ethics in Global Business ....................................................................................... 103
Chapter 08: Entry Strategies in Global Business ................................................................................................... 120
Chapter 09: Control of Global Business ..................................................................................................................... 137
Chapter 10: The Organization of Global Business................................................................................................. 154
Chapter 11: Global Human Resource Management.............................................................................................. 170
Chapter 12: Global Marketing ....................................................................................................................................... 186
Chapter 13: Global Operations and Supply-Chain Management..................................................................... 203
Chapter 14: Global Financial Management .............................................................................................................. 219
Chapter 15: Accounting and Taxation in Global Business ................................................................................. 235
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Chapter 01: The Rise of Globalization
1. With business becoming increasingly global, its success, fortunately, depends only on the
domestic environment.
a. True
b. False
ANSWER: False
2. Key aspects of globalization include the elimination of barriers to trade and information
technology.
a. True
b. False
ANSWER: True
3. The world economy is quickly shifting away from countries with emerging economies.
a. True
b. False
ANSWER: False
4. The “soft” qualities essential to globalization include openness, protectionism,
accountability, connectivity, democracy, and centralization.
a. True
b. False
ANSWER: False
5. A sustainable decoupling process would eventually lead to a multi-polar world—a world
economy in which the engines of growth could comprise the United States, the European Union,
China, India, Brazil, Russia, and South Africa rather than the United States alone.
a. True
b. False
ANSWER: True
6. The openness and proliferation of globalization and free trade rules can best be attributed
to the interwar period between World War I and II.
a. True
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b. False
ANSWER: False
7. As part of the World Bank’s Strategic Framework, there are five focus areas that
accommodate and facilitate the globalization process including its analytical and advisory role
supporting national policies to strengthen free market institutions and infrastructure that has
provided the potential for creating large gains from trade.
a. True
b. False
ANSWER: True
8. For the World Trade Organization, increasing trade barriers has been one of the most
simple ways to encourage trade and globalization.
a. True
b. False
ANSWER: False
9. The foundations of the globalized business world are political—and so are the biggest
threats to the system.
a. True
b. False
ANSWER: True
10. Countries that have successfully adapted to globalization realize that they cannot succeed
without high-quality government management at home.
a. True
b. False
ANSWER: True
11. In communist and state-controlled economies like those in Central Asia property rights
either do not exist or are not well defined which discourages domestic and foreign investors from
making long-term commitments in these countries.
a. True
Test Bank for Introduction to Global Business: Understanding the International
Environment & Global Business 3rd Edition
by Julian Gaspar
All Chapters (1-15) | Expert Verified Answers |Graded A+
, TESTBANKS BY TESTBANKSNERD
TABLE OF CONTENTS
Chapter 01: The Rise of Globalization............................................................................................................................. 3
Chapter 02: The Evolution of International Business ............................................................................................ 22
Chapter 03: Regional Economic Intergration ............................................................................................................ 38
Chapter 04: The International Flow of Funds and Exchange Rates.................................................................. 55
Chapter 05: The Cultural Environment ........................................................................................................................ 71
Chapter 06: The Legal and Political Environment of Global Business............................................................. 87
Chapter 07: Corruption and Ethics in Global Business ....................................................................................... 103
Chapter 08: Entry Strategies in Global Business ................................................................................................... 120
Chapter 09: Control of Global Business ..................................................................................................................... 137
Chapter 10: The Organization of Global Business................................................................................................. 154
Chapter 11: Global Human Resource Management.............................................................................................. 170
Chapter 12: Global Marketing ....................................................................................................................................... 186
Chapter 13: Global Operations and Supply-Chain Management..................................................................... 203
Chapter 14: Global Financial Management .............................................................................................................. 219
Chapter 15: Accounting and Taxation in Global Business ................................................................................. 235
, TESTBANKS BY TESTBANKSNERD
Chapter 01: The Rise of Globalization
1. With business becoming increasingly global, its success, fortunately, depends only on the
domestic environment.
a. True
b. False
ANSWER: False
2. Key aspects of globalization include the elimination of barriers to trade and information
technology.
a. True
b. False
ANSWER: True
3. The world economy is quickly shifting away from countries with emerging economies.
a. True
b. False
ANSWER: False
4. The “soft” qualities essential to globalization include openness, protectionism,
accountability, connectivity, democracy, and centralization.
a. True
b. False
ANSWER: False
5. A sustainable decoupling process would eventually lead to a multi-polar world—a world
economy in which the engines of growth could comprise the United States, the European Union,
China, India, Brazil, Russia, and South Africa rather than the United States alone.
a. True
b. False
ANSWER: True
6. The openness and proliferation of globalization and free trade rules can best be attributed
to the interwar period between World War I and II.
a. True
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b. False
ANSWER: False
7. As part of the World Bank’s Strategic Framework, there are five focus areas that
accommodate and facilitate the globalization process including its analytical and advisory role
supporting national policies to strengthen free market institutions and infrastructure that has
provided the potential for creating large gains from trade.
a. True
b. False
ANSWER: True
8. For the World Trade Organization, increasing trade barriers has been one of the most
simple ways to encourage trade and globalization.
a. True
b. False
ANSWER: False
9. The foundations of the globalized business world are political—and so are the biggest
threats to the system.
a. True
b. False
ANSWER: True
10. Countries that have successfully adapted to globalization realize that they cannot succeed
without high-quality government management at home.
a. True
b. False
ANSWER: True
11. In communist and state-controlled economies like those in Central Asia property rights
either do not exist or are not well defined which discourages domestic and foreign investors from
making long-term commitments in these countries.
a. True
