BUSI 311 CHAPTER 1 QUESTIONS AND ANSWERS EXAM
LATEST UPDATE.Buy Quality Materials!
Evaluating the likelihood of the most disruptive events to a firm's operations is a
basic part of __________.
a. stakeholder management
b. scenario planning
c. liability development
d. frugal innovation
b. scenario planning
Focusing on a firm's internal resources and capabilities is the main emphasis of
the resource-based view.
Select one:
True
False
True
Gross domestic product (GDP) is the sum of value added by resident firms,
households, and governments operating in an economy.
Select one:
True
False
True
Which view of global business focuses on internal factors that can help a firm
overcome its external environment?
a. Resource-based
b. Industry-based
c. Institution-based
d. Socio-cultural-based
a. Resource-based
The term "emerging economies" has replaced the term _____.
a. developed countries
b. first-world markets
c. developing countries
d. Triad markets
c. developing countries
Semiglobalization is a type of globalization that _____.
a. considers each nation in isolation when conducting business
b. adopts a strategy of treating the entire world as one market
, c. treats each country as a unique market
d. lies between total isolation and total globalization
d. lies between total isolation and total globalization
The emerging markets of the world are placed at the top of the global economic
pyramid.
Select one:
True
False
False
Which of the following is true of economies in the base of the global economic
pyramid?
a. They are composed of people from North America, Western Europe, and Japan.
b. They are composed of developed economies.
c. They are largely ignored by MNEs.
d. They attract the largest foreign direct investment from MNEs.
c. They are largely ignored by MNEs
Which of the following groups is primarily composed of emerging economies?
a. The Triad
b. NAFTA
c. BRIC
d. Group of Eight (G8)
c. BRIC
An institution-based view suggests that the success and failure of firms are
enabled and constrained by business rules and norms of the host nation.
Select one:
True
False
True
Which of the following concepts suggests that while barriers to market
integration at borders are high, they are not high enough to completely insulate
countries from each other?
a. Total globalization
b. Localization
c. Semiglobalization
d. Technocapitalism
c. Semiglobalization
The term "base of the pyramid" represents economies where individuals make
less than $2,000 a year.
Select one:
True
False
True
LATEST UPDATE.Buy Quality Materials!
Evaluating the likelihood of the most disruptive events to a firm's operations is a
basic part of __________.
a. stakeholder management
b. scenario planning
c. liability development
d. frugal innovation
b. scenario planning
Focusing on a firm's internal resources and capabilities is the main emphasis of
the resource-based view.
Select one:
True
False
True
Gross domestic product (GDP) is the sum of value added by resident firms,
households, and governments operating in an economy.
Select one:
True
False
True
Which view of global business focuses on internal factors that can help a firm
overcome its external environment?
a. Resource-based
b. Industry-based
c. Institution-based
d. Socio-cultural-based
a. Resource-based
The term "emerging economies" has replaced the term _____.
a. developed countries
b. first-world markets
c. developing countries
d. Triad markets
c. developing countries
Semiglobalization is a type of globalization that _____.
a. considers each nation in isolation when conducting business
b. adopts a strategy of treating the entire world as one market
, c. treats each country as a unique market
d. lies between total isolation and total globalization
d. lies between total isolation and total globalization
The emerging markets of the world are placed at the top of the global economic
pyramid.
Select one:
True
False
False
Which of the following is true of economies in the base of the global economic
pyramid?
a. They are composed of people from North America, Western Europe, and Japan.
b. They are composed of developed economies.
c. They are largely ignored by MNEs.
d. They attract the largest foreign direct investment from MNEs.
c. They are largely ignored by MNEs
Which of the following groups is primarily composed of emerging economies?
a. The Triad
b. NAFTA
c. BRIC
d. Group of Eight (G8)
c. BRIC
An institution-based view suggests that the success and failure of firms are
enabled and constrained by business rules and norms of the host nation.
Select one:
True
False
True
Which of the following concepts suggests that while barriers to market
integration at borders are high, they are not high enough to completely insulate
countries from each other?
a. Total globalization
b. Localization
c. Semiglobalization
d. Technocapitalism
c. Semiglobalization
The term "base of the pyramid" represents economies where individuals make
less than $2,000 a year.
Select one:
True
False
True
