COMPLETE - Elaborated Test bank for International Business: Competing in the Global Marketplace 14ED. by Charles Hill -ALL Chapters 1-20 included and updated for 2022

COMPLETE - Elaborated Test bank for International Business: Competing in the Global Marketplace 14ED. by Charles Hill Part One: Introduction and Overview Chapter 1: Globalization Part Two: National Differences Chapter 2: National Differences in Political, Economic, and Legal Systems Chapter 3: National Differences in Economic Development Chapter 4: Differences in Culture Chapter 5: Ethics, Corporate Social Responsibility, and Sustainability Part Three: The Global Trade and Investment Environment Chapter 6: International Trade Theory Chapter 7: Government Policy and International Trade Chapter 8: Foreign Direct Investment Chapter 9: Regional Economic Integration Part Four: The Global Monetary System Chapter 10: The Foreign Exchange Market Chapter 11: The International Monetary System Chapter 12: The Global Capital Market Part Five: The Strategy and Structure of International Business Chapter 13: The Strategy of International Business Chapter 14: The Organization of International Business Chapter 15: Entering Developed and Emerging Markets Part Six: International Business Functions Chapter 16: Exporting, Importing, and Countertrade Chapter 17: Global Production and Supply Chain Management Chapter 18: Global Marketing and Business Analytics Chapter 19: Global Human Resource Management Chapter 20: Accounting and Finance in International Business Part Seven: Integrative Cases How the iPhone Is Made: Apple’s Global Production System Kenya: An African Lion Poland: Eastern Europe’s Economic Miracl 1) Discuss the characteristics of globalization. Use an example in your discussion. 2) Explain what is meant by the globalization of markets. Provide an example. What are the most global markets? 3) Discuss the concept of the globalization of production. 4) What is the World Trade Organization? What is its role in the world economy? Version 1 2 5) What is the International Monetary Fund? What is the World Bank? What is their relationship, if any, with each other? 6) What is the Uruguay Round? List the measures implemented in the Uruguay Round. 7) Explain the trends in world trade and foreign direct investment since 1960. 8) Explain how the COVID-19 global pandemic has impacted globalization. 9) Discuss the impact of technological change and automation on global markets. Version 1 3 10) Discuss the demographics of world trade since the 1960s. How has the role of the United States changed? How is world trade expected to change in the future? 11) Why does China represent both opportunities and threats for established international businesses? 12) Consider whether the shift toward a more integrated and interdependent global economy is a good thing. Discuss the shift from the eyes of the consumer, the worker, the company, and the environmentalist. Version 1 4 13) Discuss what occurred in Seattle in 1999 at the meeting of the WTO and why the events were important to the future of global trade. 14) Falling barriers to international trade destroy manufacturing jobs in wealthy advanced economies. Discuss this statement. Do you agree? Why or why not? 15) Why is managing an international business different from managing a purely domestic business? 16) What are some of the issues a manager of an international business must confront that a manager of a domestic business never confronts? Version 1 5 17) __________ refers to the shift toward a more integrated and interdependent world economy. A) Outsourcing B) International marketing C) Privatization D) Globalization 18) In 2008 and 2009, the __________ became the forum through which major nations attempted to launch a coordinated policy response to the global financial crisis, which started in America. A) United Nations B) Group of Seven (G7) C) Group of Twenty (G20) D) World Trade Organization 19) Which factor has contributed to the globalization of markets? A) a decrease in foreign direct investment B) global convergence of consumer tastes and preferences C) an increase in cross-border barriers to trade D) the trend to separate a homogeneous market into separate national markets 20) Globalization has resulted in A) less interdependence between national economies. B) an increase in the use of outsourcing. C) a collective material culture becoming more diverse. D) increasing barriers to cross-border trade. Version 1 6 21) Which factor hinders globalization of consumer goods market? A) national and cultural differences in tastes