Test Bank For Introduction to Law - 7th - 2020 All Chapters - 9781305948648.pdf

Test Bank for Introduction to Global Business Introduction t
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o Global Business: Understanding the International Environ
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ment and Global Business Functions 1st Edition, Gaspar. Ch
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apter 1-15 p




Chapter 1: The Rise of Globalization
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TRUE/FALSE

1.
Withpbusinesspbecomingpincreasinglypglobal,pitspsuccess,pfortunately,pdependsponlyponpthep
domesticpenvironment.

ANS: F PTS: 1 DIF: Difficulty:pModerate
REF: p.p4 OBJ: LO:p01-01 NAT: BUSPROG:pAnalytic
STA: DISC:pEnvironmentalpInfluence KEY: Bloom's:pComprehension

2.
Evenpthoughpbusinesspispglobal,pthepcreditpcrisispofp2008,pstartedpbypanpAmericanpinvestmen
tpbank,pwasplimitedptopthepAmericanpeconomypwithpfortunatelypnopimpactponpthepglobalpeconomy.

ANS: F PTS: 1 DIF: Difficulty:pChallenging
REF: p.p3 OBJ: LO:p01-01 NAT: BUSPROG:pAnalytic
STA: DISC:pEnvironmentalpInfluence KEY: Bloom's:pAnalysis

3.
Keypaspectspofpglobalizationpincludepthepeliminationpofpbarriersptoptradepandpinformationpte
chnology.

ANS: T PTS: 1 DIF: Difficulty:pModerate
REF: p.p5 OBJ: LO:p01-01 NAT: BUSPROG:pAnalytic
STA: DISC:pEnvironmentalpInfluence KEY: Bloom's:pAnalysis

4.
Sopfarpglobalizationphaspmadepitppossiblepforpgoods,pservices,pandpcapital,ptopcrosspnationalp
borderspbutpnotptechnologypandpculture.

ANS: F PTS: 1 DIF: Difficulty:pModerate
REF: p.p5 OBJ: LO:p01-01 NAT: BUSPROG:pAnalytic
STA: DISC:pEnvironmentalpInfluence KEY: Bloom's:pAnalysis

, 5.
Thep“soft”pqualitiespessentialptopglobalizationpincludepopenness,pprotectionism,paccountabil
ity,pconnectivity,pdemocracy,pandpcentralization.

ANS: F PTS: 1 DIF: Difficulty:pChallenging
REF: p.p6 OBJ: LO:p01-01 NAT: BUSPROG:pAnalytic
STA: DISC:pEnvironmentalpInfluence KEY: Bloom's:pAnalysis

6. Apsustainablepdecouplingpprocesspwouldpeventuallypleadptopapmulti-polarpworld—
apworldpeconomypinpwhichpthepenginespofpgrowthpcouldpcomprisepthepUnitedpStates,pthepEuropeanp
Union,pChina,pIndia,pBrazil,pRussia,pandpSouthpAfricapratherpthanpthepUnitedpStatespalone.

ANS: T PTS: 1 DIF: Difficulty:pChallenging
REF: p.p9 OBJ: LO:p01-01 NAT: BUSPROG:pAnalytic
STA: DISC:pEnvironmentalpInfluence KEY: Bloom's:pAnalysis

7.
Thepopennesspandpproliferationpofpglobalizationpandpfreeptradeprulespcanpbestpbepattributedpt
opthepinterwarpperiodpbetweenpWorldpWarpIpandpII.

ANS: F PTS: 1 DIF: Difficulty:pChallenging
REF: p.p10 OBJ: LO:p01-02 NAT: BUSPROG:pAnalytic
STA: DISC:pEnvironmentalpInfluence KEY: Bloom's:pAnalysis

8.
AsppartpofpthepWorldpBank’spStrategicpFramework,pthereparepfivepfocuspareaspthatpaccommo
datepandpfacilitatepthepglobalizationpprocesspincludingpitspanalyticalpandpadvisoryprolepsupportingpn
ationalppoliciesptopstrengthenpfreepmarketpinstitutionspandpinfrastructurepthatphaspprovidedptheppoten
tialpforpcreatingplargepgainspfromptrade.

ANS: T PTS: 1 DIF: Difficulty:pChallenging
REF: p.p12 OBJ: LO:p01-02 NAT: BUSPROG:pAnalytic
STA: DISC:pEnvironmentalpInfluence KEY: Bloom's:pEvaluation

9.
ForpWorldpTradepOrganization,pincreasingptradepbarriersphaspbeenponepofpthepmostpsimplisti
cpwaysptopencourageptradepandpglobalization.

ANS: F PTS: 1 DIF: Difficulty:pModerate
REF: p.p13 OBJ: LO:p01-02 NAT: BUSPROG:pAnalytic
STA: DISC:pEnvironmentalpInfluence KEY: Bloom's:pComprehension

10. Thepfoundationspofpthepglobalizedpbusinesspworldpareppolitical—
andpsoparepthepbiggestpthreatsptopthepsystem.

ANS: T PTS: 1 DIF: Difficulty:pChallenging

, REF: p.p15 OBJ: LO:p01-03 NAT: BUSPROG:pAnalytic
STA: DISC:pEnvironmentalpInfluence KEY: Bloom's:pAnalysis

11.
Countriespthatphavepsuccessfullypadaptedptopglobalizationprealizepthatptheypcannotpsucceedp
withoutphigh-qualitypgovernmentpmanagementpatphome.

ANS: T PTS: 1 DIF: Difficulty:pModerate
REF: p.p18 OBJ: LO:p01-04 NAT: BUSPROG:pAnalytic
STA: DISC:pEnvironmentalpInfluence KEY: Bloom's:pComprehension

12. Inpcommunistpandpstate-
controlledpeconomiesplikepthosepinpCentralpAsiappropertyprightspeitherpdopnotpexistporparepnotpwellpd
efinedpwhichpdiscouragespdomesticpandpforeignpinvestorspfrompmakingplong-
termpcommitmentspinpthesepcountries.

ANS: T PTS: 1 DIF: Difficulty:pModerate
REF: p.p18 OBJ: LO:p01-04 NAT: BUSPROG:pAnalytic
STA: DISC:pEnvironmentalpInfluence KEY: Bloom's:pEvaluation

13.
MorepglobalizedpeconomiesplikepNewpZealandpandpSingaporeprankpatptheptoppinpindexpforpab
sencepofpcorruptionpbypTransparencypInternational.

ANS: T PTS: 1 DIF: Difficulty:pChallenging
REF: p.p19 OBJ: LO:p01-04 NAT: BUSPROG:pAnalytic
STA: DISC:pEnvironmentalpInfluence KEY: Bloom's:pEvaluation

14.
Becausepbroadbandppricesphavepbeenpfalling,pgovernmentspinpemergingpeconomiespsuchpasp
IndiapandpSouthpAfricaparepfacilitatingpthepspreadpofpbroadbandptopruralptownspandpvillagesptopprovi
depinstantpaccessptopmarketpinformationpandpgovernmentpprogramsptopremotepvillagerspwhichpwillpe
nableppolicymakersptopmaximizepthepeconomicppotentialpofpremotepcommunitiespandpmakepglobaliz
ationpsustainable.

ANS: T PTS: 1 DIF: Difficulty:pModerate
REF: p.p20 OBJ: LO:p01-05 NAT: BUSPROG:pAnalytic
STA: DISC:pInformationpTechnology KEY: Bloom's:pEvaluation

15.
Criticsparguepthatpopenptradepandpforeignpdirectpinvestmentpalwaysptakepjobspfrompworkerspi
npdevelopingpeconomiespandptransferpthemptopworkerspinpadvancedpindustrialpcountriespwhichpleave
pthepworkerspinpthepdevelopingpcountry,poutpofpwork.




ANS: F PTS: 1 DIF: Difficulty:pModerate
REF: p.p23 OBJ: LO:p01-06 NAT: BUSPROG:pAnalytic

, STA: DISC:pEnvironmentalpInfluence KEY: Bloom's:pEvaluation

16.
ApsurveypbypthepWorldpBankpindicatespthatpofpthepcompaniespsurveyed;punfortunately,ponlyp
30ppercentphavepboard-
approvedppoliciesponpenvironmentalpmanagementpindicatingpthatpcorporatepsocialpresponsibilityppr
acticesphavepbecomepanpinsignificantpfactorpinpdeterminingpwherepmultinationalpcorporationspcond
uctpbusiness.

ANS: F PTS: 1 DIF: Difficulty:pChallenging
REF: p.p24 OBJ: LO:p01-06 NAT: BUSPROG:pAnalytic
STA: DISC:pEnvironmentalpInfluence KEY: Bloom's:pEvaluation

MULTIPLEpCHOICE

1. Ofpthepfollowing,pwhichpispNOTptruepregardingpthepcreditpcrisis?
a. ItpaffectedpfarmerspinpBurkinapFaso.
b. ItpaffectedpminerspandpsteelpworkerspinpUkraine.
c. Itpaffectedpassemble-linepworkerspinpSingapore.
d. Itpaffectedpwhite-collarpworkerspatpinformationptechnologypfirmspinpIreland.
e. Itphadpanpimpactponlyponpitspcountrypofporigin-pthepUnitedpStates.
ANS: E PTS: 1 DIF: Difficulty:pEasy
REF: p.p3 OBJ: LO:p01-01 NAT: BUSPROG:pAnalytic
STA: DISC:pEnvironmentalpInfluence KEY: Bloom's:pEvaluation

2.
BrazilianpJuice,papmanufacturerpofphealthypfruitpjuicespinpBrazil,psellspjuicepinpsixpdifferentpc
ountriespincludingpUnitedpStates.pBrazilianpjuicepispengagingpin
a. economicpdevelopmentpinpUnitedpStates.
b. exercisingpnontariffpbarrierspinpBrazil.
c. unfairptradeppractices.
d. globalization.
e. thepWorldpTradepBankpGroup.
ANS: D PTS: 1 DIF: Difficulty:pModerate
REF: p.p5 OBJ: LO:p01-01 NAT: BUSPROG:pAnalytic
STA: DISC:pEnvironmentalpInfluence KEY: Bloom's:pApplication

3. WhichpofpthepfollowingpispNOTpapkeypaspectpofpglobalization?
a. Thepeliminationpofpbarriersptoptrade
b. Investment
c. Financialpindependence
d. Culture
e. Informationptechnology
ANS: C PTS: 1 DIF: Difficulty:pModerate