Understanding the International Environment &
Global Business Functions, 3rd Edition Julian E.
Gaspar
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,Chapter 01 - The Rise of Globalization
True / False
1. With business becoming increasingly global, its success, fortunately, depends only on the
domestic environment.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Difficulty: Moderate
REFERENCES: Introduction
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: MGMT.GASP.23.01-01 - LO: 01-01
NATIONAL STANDARDS: United States - BUSPROG: Analytic | Technology - BUSPROG:
Analytic
STATE STANDARDS: United States - AK - DISC: Environmental Influence
KEYWORDS: Bloom's: Understand
DATE CREATED: 11/12/2021 1:30 PM
DATE MODIFIED: 4/5/2022 8:44 PM
2. Key aspects of globalization include the elimination of barriers to trade and information
technology.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Difficulty: Moderate
REFERENCES: What Is Globalization?
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: MGMT.GASP.23.01-01 - LO: 01-01
NATIONAL STANDARDS: United States - BUSPROG: Analytic | Technology - BUSPROG:
Analytic
STATE STANDARDS: United States - AK - DISC: Environmental Influence
KEYWORDS: Bloom's: Analyze
DATE CREATED: 11/12/2021 1:30 PM
DATE MODIFIED: 4/5/2022 8:44 PM
3. The world economy is quickly shifting away from countries with emerging economies.
a. True
b. False
ANSWER: False
POINTS: 1
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,DIFFICULTY: Difficulty: Moderate
REFERENCES: What Is Globalization?
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: MGMT.GASP.23.01-01 - LO: 01-01
NATIONAL STANDARDS: United States - BUSPROG: Analytic | Technology - BUSPROG:
Analytic
STATE STANDARDS: United States - AK - DISC: Environmental Influence
KEYWORDS: Bloom's: Analyze
DATE CREATED: 11/12/2021 1:30 PM
DATE MODIFIED: 4/5/2022 8:44 PM
4. The “soft” qualities essential to globalization include openness, protectionism, accountability,
connectivity, democracy, and centralization.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Difficulty: Challenging
REFERENCES: What Is Globalization?
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: MGMT.GASP.23.01-01 - LO: 01-01
NATIONAL STANDARDS: United States - BUSPROG: Analytic | Technology - BUSPROG:
Analytic
STATE STANDARDS: United States - AK - DISC: Environmental Influence
KEYWORDS: Bloom's: Analyze
DATE CREATED: 11/12/2021 1:30 PM
DATE MODIFIED: 4/5/2022 8:44 PM
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
POINTS: 1
DIFFICULTY: Difficulty: Challenging
REFERENCES: What Is Globalization?
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: MGMT.GASP.23.01-01 - LO: 01-01
NATIONAL STANDARDS: United States - BUSPROG: Analytic | Technology - BUSPROG:
Analytic
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,STATE STANDARDS: United States - AK - DISC: Environmental Influence
KEYWORDS: Bloom's: Analyze
DATE CREATED: 11/12/2021 1:30 PM
DATE MODIFIED: 4/5/2022 8:44 PM
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
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Difficulty: Challenging
REFERENCES: Key International Institutions That Facilitate Globalization
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: MGMT.GASP.23.01-02 - LO: 01-02
NATIONAL STANDARDS: United States - BUSPROG: Analytic | Technology - BUSPROG:
Analytic
STATE STANDARDS: United States - AK - DISC: Environmental Influence
KEYWORDS: Bloom's: Analyze
DATE CREATED: 11/12/2021 1:30 PM
DATE MODIFIED: 4/13/2022 12:15 PM
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
POINTS: 1
DIFFICULTY: Difficulty: Challenging
REFERENCES: Key International Institutions That Facilitate Globalization
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: MGMT.GASP.23.01-02 - LO: 01-02
NATIONAL STANDARDS: United States - BUSPROG: Analytic | Technology - BUSPROG:
Analytic
STATE STANDARDS: United States - AK - DISC: Environmental Influence
KEYWORDS: Bloom's: Evaluate
DATE CREATED: 11/12/2021 1:30 PM
DATE MODIFIED: 4/5/2022 8:44 PM
8. For the World Trade Organization, increasing trade barriers has been one of the most simple
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,ways to encourage trade and globalization.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Difficulty: Moderate
REFERENCES: Key International Institutions That Facilitate Globalization
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: MGMT.GASP.23.01-02 - LO: 01-02
NATIONAL STANDARDS: United States - BUSPROG: Analytic | Technology - BUSPROG: Analytic
STATE STANDARDS: United States - AK - DISC: Environmental Influence
KEYWORDS: Bloom's: Understand
DATE CREATED: 11/12/2021 1:30 PM
DATE MODIFIED: 4/5/2022 8:44 PM
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
POINTS: 1
DIFFICULTY: Difficulty: Challenging
REFERENCES: Institutional Structure and Its Impact on Globalization
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: MGMT.GASP.23.01-03 - LO: 01-03
NATIONAL STANDARDS: United States - BUSPROG: Analytic | Technology - BUSPROG:
Analytic
STATE STANDARDS: United States - AK - DISC: Environmental Influence
KEYWORDS: Bloom's: Analyze
DATE CREATED: 11/12/2021 1:30 PM
DATE MODIFIED: 4/5/2022 8:44 PM
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
POINTS: 1
DIFFICULTY: Difficulty: Moderate
REFERENCES: Effective Policy Measures That Promote Globalization
QUESTION TYPE: True / False
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,HAS VARIABLES: False
LEARNING OBJECTIVES: MGMT.GASP.23.01-04 - LO: 01-04
NATIONAL STANDARDS: United States - BUSPROG: Analytic | Technology - BUSPROG:
Analytic
STATE STANDARDS: United States - AK - DISC: Environmental Influence
KEYWORDS: Bloom's: Understand
DATE CREATED: 11/12/2021 1:30 PM
DATE MODIFIED: 4/13/2022 12:16 PM
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
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Difficulty: Moderate
REFERENCES: Effective Policy Measures That Promote Globalization
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: MGMT.GASP.23.01-04 - LO: 01-04
NATIONAL STANDARDS: United States - BUSPROG: Analytic | Technology - BUSPROG:
Analytic
STATE STANDARDS: United States - AK - DISC: Environmental Influence
KEYWORDS: Bloom's: Evaluate
DATE CREATED: 11/12/2021 1:30 PM
DATE MODIFIED: 4/5/2022 8:44 PM
12. Globalized economies like New Zealand and Singapore rank at the top in index for absence
of corruption by Transparency International.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Difficulty: Challenging
REFERENCES: Effective Policy Measures That Promote Globalization
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: MGMT.GASP.23.01-04 - LO: 01-04
NATIONAL STANDARDS: United States - BUSPROG: Analytic | Technology - BUSPROG:
Analytic
STATE STANDARDS: United States - AK - DISC: Environmental Influence
KEYWORDS: Bloom's: Evaluate
DATE CREATED: 11/12/2021 1:30 PM
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,DATE MODIFIED: 4/5/2022 8:44 PM
13. Text messaging will likely be an unimportant component of emerging economies' mobile
phone usage because most people in these countries cannot read or write.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Difficulty: Moderate
REFERENCES: Impact of Information Technology on Globalization
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: MGMT.GASP.23.01-05 - LO: 01-05
NATIONAL STANDARDS: United States - BUSPROG: Analytic | Technology - BUSPROG:
Analytic
STATE STANDARDS: United States - AK - DISC: Information Technology
KEYWORDS: Bloom's: Evaluate
DATE CREATED: 11/12/2021 1:30 PM
DATE MODIFIED: 4/5/2022 8:44 PM
14. Critics argue that open trade and foreign direct investment always take jobs from workers in
developing economies and transfer them to workers in advanced industrial countries, which
leave the workers in the developing country out of work.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Difficulty: Moderate
REFERENCES: The Globalization Controversy
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: MGMT.GASP.23.01-06 - LO: 01-06
NATIONAL STANDARDS: United States - BUSPROG: Analytic | Technology - BUSPROG:
Analytic
STATE STANDARDS: United States - AK - DISC: Environmental Influence
KEYWORDS: Bloom's: Evaluate
DATE CREATED: 11/12/2021 1:30 PM
DATE MODIFIED: 4/5/2022 8:44 PM
15. There appears to be a clear connection between economic freedom and political freedom.
a. True
b. False
ANSWER: True
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, POINTS: 1
DIFFICULTY: Difficulty: Challenging
REFERENCES: Making Globalization Work for All
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: MGMT.GASP.23.01-07 - LO: 01-07
NATIONAL STANDARDS: United States - BUSPROG: Analytic | Technology - BUSPROG:
Analytic
STATE STANDARDS: United States - AK - DISC: Environmental Influence
KEYWORDS: Bloom's: Evaluate
DATE CREATED: 11/12/2021 1:30 PM
DATE MODIFIED: 4/5/2022 8:44 PM
16. Covid-19 and the financial crisis of 2008 provide illustrative examples of the complex
economic structure within globalization.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Difficulty: Moderate
REFERENCES: What Is Globalization?
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: MGMT.GASP.23.01-01 - LO: 01-01
NATIONAL STANDARDS: United States - BUSPROG: Analytic | Technology - BUSPROG:
Analytic
STATE STANDARDS: United States - AK - DISC: Environmental Influence
KEYWORDS: Bloom's: Analyze
DATE CREATED: 4/4/2022 7:48 PM
DATE MODIFIED: 4/5/2022 8:44 PM
Multiple Choice
17. Brazilian Juice, a manufacturer of healthy fruit juices in Brazil, sells juice in six different
countries including the United States. Brazilian juice is engaging in
a. economic development in the United States.
b. exercising nontariff barriers in Brazil.
c. unfair trade practices.
d. globalization.
ANSWER: d
POINTS: 1
DIFFICULTY: Difficulty: Moderate
REFERENCES: What Is Globalization?
QUESTION TYPE: Multiple Choice
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