, Global Business Today Global 12th Edition Hill Test
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Bank fd
Answers are at the end of each chapter
m m m m m m m
Chapter 01 f d
fd GlobalizationTrue / fd
fd False Questions
fd
1. As a result of globalization, we have been moving toward a world in
fd fd f d fd fd fd fd fd fd fd fd fd
fd which national economiesare relatively self-contained entities.
f d fd f d f d f d
True False
2. By offering the same basic product worldwide, firms help to create a
fd fd fd fd fd fd fd fd fd fd fd
fd global market.True
fd f d False
3. A company has to be the size of a multinational giant to facilitate,
fd fd fd fd fd fd fd fd fd fd fd fd
fd and benefit from, theglobalization of markets.
fd fd f d fd fd
True False
4. As a result of globalization, companies rarely need to customize marketing
fd fd fd fd fd fd fd fd fd fd
fd strategies, productfeatures, and operating practices in different countries.
fd fd f d fd fd f d fd
True False
5. Globalization has resulted in greater uniformity replacing diversity across
fd fd fd fd fd fd fd fd
fd national markets.True False
fd fd
6. As firms follow each other around the world, they bring with them
fd fd fd fd fd fd fd fd fd fd fd
fd many of the assets thatserved them well in other national markets. Thus,
fd fd fd fd f d f d fd fd fd fd fd
f d greater diversity replaces uniformity.
f d f d fd
True False
7. Substantial impediments, such as barriers to foreign direct investment, make it
fd fd fd f d f d fd fd f d fd fd
fd difficult for firmsto achieve the optimal dispersion of their productive activities to
f d fd fd fd f d fd fd fd fd fd fd
f d locations around the globe.
fd fd f d
True False
8. The World Trade Organization, the International Monetary Fund and its sister
fd fd fd fd fd fd fd fd fd fd
fd institution theWorld Bank, and the United Nations were all created by voluntary
fd f d f d f d f d f d f d f d f d f d f d
f d agreement between individual nation- states.
f d fd f d f d
True False
,9. The International Monetary Fund and the World Bank were both created in
fd fd fd fd fd fd fd fd fd fd fd
f d 1944 by 44 nationsthat met at Bretton Woods, New Hampshire.
fd fd fd fd fd f d fd f d f d
True False
10. The WTO is seen as the lender of last resort to nation-states whose
fd fd fd fd fd f d fd fd fd fd fd fd
fdeconomies are in turmoiland whose currencies are losing value against those
fd f d fd f d f d f d f d f d f d f d
of other nations.
f d f d f d
True False
11. The IMF is less controversial than its sister institution,
fd fd fd fd fd fd fd fd
fd the World Bank.True
fd fd False
12. In return for loans, the IMF requires nation-states to adopt specific
fd f d fd fd fd fd fd fd fd fd
fdeconomic policies aimed atreturning their troubled economies to stability and
fd fd f d f d f d f d f d f d f d
growth.
f d
True False
13. Foreign direct investment (FDI) occurs when a firm invests resources
fd fd f d fd fd fd fd f d fd
fdin business activitiesoutside its home country.
fd fd f d f d f d
True False
14. After World War II, the advanced nations of the West committed
fd fd fd fd fd fd fd fd fd fd
themselves to increasingbarriers to the free flow of goods, services, and
fd fd fd f d f d f d f d f d f d f d f d
capital between nations.
f d f d f d
True False
15. The Uruguay Round, held under the umbrella of GATT, extended GATT to
fd fd f d f d fd f d fd f d fd fd fd
fdcover services as wellas manufactured goods.
fd fd f d f d f d
True False
16. The lowering of trade and investment barriers allows firms to base
fd fd fd f d fd fd fd fd fd f d
fdproduction at the optimallocation for that activity.
fd fd fd fd f d f d
True False
17. As a result of international trade, the economies of the world’s
fd fd f d fd fd fd fd fd fd fd
fdnation-states are becoming lessintertwined. fd fd f d
True False
18. The globalization of markets and production and the resulting growth of
fd fd fd fd fd fd fd fd fd fd
fdworld trade, foreigndirect investment, and imports all imply that firms are
fd fd f d f d f d f d fd f d f d f d
finding it easier to protect themselves from
f d f d f d f d f d fd f d
the attack of foreign competitors.
fd fd fd fd
, True False
19. Containerization has revolutionized the transportation business, significantly
fd fd fd fd fd fd
fdlowering the costsof shipping goods over long distances.
fd fd f d f d fd f d f d
True False
20. While advances in telecommunications are creating a global
fd fd fd fd fd fd fd
fdaudience, advances intransportation are creating a global village.
fd f d f d f d fd f d fd
True False
21. The real costs of information processing and communication have fallen
fd fd fd fd fd fd fd fd fd
fddramatically in the pasttwo decades. fd fd fd fd
True False
22. The Internet has been a major force facilitating international
fd fd fd fd f d fd fd fd
fd trade in services.True False
fd fd f d
23. Countries that markedly increased their share of world output from
fd fd fd fd fd fd fd fd fd
fd1960 to 2010 includedGermany, France, and the United Kingdom.
fd fd fd f d f d f d f d f d
True False
24. The United States accounted for a significantly larger share of the world
fd fd fd fd fd fd fd fd fd fd fd
fdeconomy in 2011 than itdid in the 1960's.
fd fd fd f d fd f d f d
True False
25. Beginning in the 1970s, European and Japanese firms began to shift
f d f d f d f d f d f d f d f d f d f d
labor-intensive manufacturing operations from developing nations to their home countries
f d fd fd f d fd fd fd fd fd fd
where labor costs werelower.
fd fd fd fd
True False
26. The stock of foreign direct investment refers to the total cumulative
fd fd fd fd fd fd fd fd fd fd
value of foreigninvestments in a country.
fd fd fd f d f d fd
True False
27. Throughout the 1990s, the amount of investment directed at both developed
fd fd fd fd fd fd fd fd fd fd
fdand developingnations increased dramatically
fd f d f d
True False
fd fd fd fd fd fd fd
Bank fd
Answers are at the end of each chapter
m m m m m m m
Chapter 01 f d
fd GlobalizationTrue / fd
fd False Questions
fd
1. As a result of globalization, we have been moving toward a world in
fd fd f d fd fd fd fd fd fd fd fd fd
fd which national economiesare relatively self-contained entities.
f d fd f d f d f d
True False
2. By offering the same basic product worldwide, firms help to create a
fd fd fd fd fd fd fd fd fd fd fd
fd global market.True
fd f d False
3. A company has to be the size of a multinational giant to facilitate,
fd fd fd fd fd fd fd fd fd fd fd fd
fd and benefit from, theglobalization of markets.
fd fd f d fd fd
True False
4. As a result of globalization, companies rarely need to customize marketing
fd fd fd fd fd fd fd fd fd fd
fd strategies, productfeatures, and operating practices in different countries.
fd fd f d fd fd f d fd
True False
5. Globalization has resulted in greater uniformity replacing diversity across
fd fd fd fd fd fd fd fd
fd national markets.True False
fd fd
6. As firms follow each other around the world, they bring with them
fd fd fd fd fd fd fd fd fd fd fd
fd many of the assets thatserved them well in other national markets. Thus,
fd fd fd fd f d f d fd fd fd fd fd
f d greater diversity replaces uniformity.
f d f d fd
True False
7. Substantial impediments, such as barriers to foreign direct investment, make it
fd fd fd f d f d fd fd f d fd fd
fd difficult for firmsto achieve the optimal dispersion of their productive activities to
f d fd fd fd f d fd fd fd fd fd fd
f d locations around the globe.
fd fd f d
True False
8. The World Trade Organization, the International Monetary Fund and its sister
fd fd fd fd fd fd fd fd fd fd
fd institution theWorld Bank, and the United Nations were all created by voluntary
fd f d f d f d f d f d f d f d f d f d f d
f d agreement between individual nation- states.
f d fd f d f d
True False
,9. The International Monetary Fund and the World Bank were both created in
fd fd fd fd fd fd fd fd fd fd fd
f d 1944 by 44 nationsthat met at Bretton Woods, New Hampshire.
fd fd fd fd fd f d fd f d f d
True False
10. The WTO is seen as the lender of last resort to nation-states whose
fd fd fd fd fd f d fd fd fd fd fd fd
fdeconomies are in turmoiland whose currencies are losing value against those
fd f d fd f d f d f d f d f d f d f d
of other nations.
f d f d f d
True False
11. The IMF is less controversial than its sister institution,
fd fd fd fd fd fd fd fd
fd the World Bank.True
fd fd False
12. In return for loans, the IMF requires nation-states to adopt specific
fd f d fd fd fd fd fd fd fd fd
fdeconomic policies aimed atreturning their troubled economies to stability and
fd fd f d f d f d f d f d f d f d
growth.
f d
True False
13. Foreign direct investment (FDI) occurs when a firm invests resources
fd fd f d fd fd fd fd f d fd
fdin business activitiesoutside its home country.
fd fd f d f d f d
True False
14. After World War II, the advanced nations of the West committed
fd fd fd fd fd fd fd fd fd fd
themselves to increasingbarriers to the free flow of goods, services, and
fd fd fd f d f d f d f d f d f d f d f d
capital between nations.
f d f d f d
True False
15. The Uruguay Round, held under the umbrella of GATT, extended GATT to
fd fd f d f d fd f d fd f d fd fd fd
fdcover services as wellas manufactured goods.
fd fd f d f d f d
True False
16. The lowering of trade and investment barriers allows firms to base
fd fd fd f d fd fd fd fd fd f d
fdproduction at the optimallocation for that activity.
fd fd fd fd f d f d
True False
17. As a result of international trade, the economies of the world’s
fd fd f d fd fd fd fd fd fd fd
fdnation-states are becoming lessintertwined. fd fd f d
True False
18. The globalization of markets and production and the resulting growth of
fd fd fd fd fd fd fd fd fd fd
fdworld trade, foreigndirect investment, and imports all imply that firms are
fd fd f d f d f d f d fd f d f d f d
finding it easier to protect themselves from
f d f d f d f d f d fd f d
the attack of foreign competitors.
fd fd fd fd
, True False
19. Containerization has revolutionized the transportation business, significantly
fd fd fd fd fd fd
fdlowering the costsof shipping goods over long distances.
fd fd f d f d fd f d f d
True False
20. While advances in telecommunications are creating a global
fd fd fd fd fd fd fd
fdaudience, advances intransportation are creating a global village.
fd f d f d f d fd f d fd
True False
21. The real costs of information processing and communication have fallen
fd fd fd fd fd fd fd fd fd
fddramatically in the pasttwo decades. fd fd fd fd
True False
22. The Internet has been a major force facilitating international
fd fd fd fd f d fd fd fd
fd trade in services.True False
fd fd f d
23. Countries that markedly increased their share of world output from
fd fd fd fd fd fd fd fd fd
fd1960 to 2010 includedGermany, France, and the United Kingdom.
fd fd fd f d f d f d f d f d
True False
24. The United States accounted for a significantly larger share of the world
fd fd fd fd fd fd fd fd fd fd fd
fdeconomy in 2011 than itdid in the 1960's.
fd fd fd f d fd f d f d
True False
25. Beginning in the 1970s, European and Japanese firms began to shift
f d f d f d f d f d f d f d f d f d f d
labor-intensive manufacturing operations from developing nations to their home countries
f d fd fd f d fd fd fd fd fd fd
where labor costs werelower.
fd fd fd fd
True False
26. The stock of foreign direct investment refers to the total cumulative
fd fd fd fd fd fd fd fd fd fd
value of foreigninvestments in a country.
fd fd fd f d f d fd
True False
27. Throughout the 1990s, the amount of investment directed at both developed
fd fd fd fd fd fd fd fd fd fd
fdand developingnations increased dramatically
fd f d f d
True False
