GEB3373 Exam 1 UPDATED QUESTIONS
AND CORRECT ANSWERS
During the COVID pandemic, which country's currency has had the lowest volatility against
the US dollar? - CORRECT ANSWER China
The fact that different countries are abundant in different resources means businesses can
always be profitable regardless of the nation where they are located. - CORRECT
ANSWER False
The main difference between foreign direct investment and foreign portfolio investment is
that FDI means one actively controls property or assets, while FPI is an asset purchase to
increase one's rate of return. - CORRECT ANSWER True
The majority of FDI comes from _____; the majority of FDI goes to _____. - CORRECT
ANSWER developed countries; developed countries
Walmart is based in the United States. Walmart opens a store in Alberta, Canada. Which best
describes Canada's relationship with Walmart?
Foreign portfolio investing corporation
Licensing corporation
Home country
Host country - CORRECT ANSWER Host country
All of the following are strategic imperatives that motivate businesses to globalize EXCEPT
the
desire to leverage core competencies
need to seek new markets
requirement to abide by WTO regulations
need to acquire resources - CORRECT ANSWER requirement to abide by WTO
regulations
,All of the following are strategic imperatives that cause companies to globalize EXCEPT
the need to compete with rivals
changes in the political environment
the need to acquire resources
desires to seek new markets - CORRECT ANSWER changes in the political
environment
In 2008-2009, why did global economic indicators fall sharply worldwide? - CORRECT
ANSWER Global recession
According to the Chapter 1 lecture, all of the following are aspects of globalization EXCEPT
agriculture
technology
culture
economy - CORRECT ANSWER agriculture
According to the Chapter 1 lecture, all of the following are aspects of globalization EXCEPT
cultural
legal
biological
economic - CORRECT ANSWER legal
According to BP's latest Energy Outlook, _____ energy now provides more power globally
than _____. - CORRECT ANSWER renewable; nuclear
According to BP's latest Energy Outlook, what will be the world's top energy source by
2040? - CORRECT ANSWER Renewables
, Based on what we learned in the Chapter 1 lecture about internet penetration rates and the
number of internet users in different areas of the world, which region likely has the most
potential for online businesses in the future? - CORRECT ANSWER Asia
A recent study from the National Bureau of Economic Research finds a positive relationship
between the installation of "fast internet" in sub-Saharan Africa and increased employment. -
CORRECT ANSWER True
International tourist arrivals have fallen _____ since the onset of the COVID pandemic. -
CORRECT ANSWER almost 100%
_____ has lost the most tourism due to the COVID pandemic. - CORRECT
ANSWER Asia and Pacific
The world's most globalized countries tend to share all of the following characteristics
EXCEPT
they are geographically large
most are found in Europe
they are geographically small
they have many international economic ties - CORRECT ANSWER They are
geographically large
The world's most globalized countries tend to be small. - CORRECT ANSWER True
The global poverty rate has _____ significantly since 1990, mostly because of changes in
_____. - CORRECT ANSWER decreased; Asia
All of the following are BRICS nations EXCEPT
China
Russia
Singapore
AND CORRECT ANSWERS
During the COVID pandemic, which country's currency has had the lowest volatility against
the US dollar? - CORRECT ANSWER China
The fact that different countries are abundant in different resources means businesses can
always be profitable regardless of the nation where they are located. - CORRECT
ANSWER False
The main difference between foreign direct investment and foreign portfolio investment is
that FDI means one actively controls property or assets, while FPI is an asset purchase to
increase one's rate of return. - CORRECT ANSWER True
The majority of FDI comes from _____; the majority of FDI goes to _____. - CORRECT
ANSWER developed countries; developed countries
Walmart is based in the United States. Walmart opens a store in Alberta, Canada. Which best
describes Canada's relationship with Walmart?
Foreign portfolio investing corporation
Licensing corporation
Home country
Host country - CORRECT ANSWER Host country
All of the following are strategic imperatives that motivate businesses to globalize EXCEPT
the
desire to leverage core competencies
need to seek new markets
requirement to abide by WTO regulations
need to acquire resources - CORRECT ANSWER requirement to abide by WTO
regulations
,All of the following are strategic imperatives that cause companies to globalize EXCEPT
the need to compete with rivals
changes in the political environment
the need to acquire resources
desires to seek new markets - CORRECT ANSWER changes in the political
environment
In 2008-2009, why did global economic indicators fall sharply worldwide? - CORRECT
ANSWER Global recession
According to the Chapter 1 lecture, all of the following are aspects of globalization EXCEPT
agriculture
technology
culture
economy - CORRECT ANSWER agriculture
According to the Chapter 1 lecture, all of the following are aspects of globalization EXCEPT
cultural
legal
biological
economic - CORRECT ANSWER legal
According to BP's latest Energy Outlook, _____ energy now provides more power globally
than _____. - CORRECT ANSWER renewable; nuclear
According to BP's latest Energy Outlook, what will be the world's top energy source by
2040? - CORRECT ANSWER Renewables
, Based on what we learned in the Chapter 1 lecture about internet penetration rates and the
number of internet users in different areas of the world, which region likely has the most
potential for online businesses in the future? - CORRECT ANSWER Asia
A recent study from the National Bureau of Economic Research finds a positive relationship
between the installation of "fast internet" in sub-Saharan Africa and increased employment. -
CORRECT ANSWER True
International tourist arrivals have fallen _____ since the onset of the COVID pandemic. -
CORRECT ANSWER almost 100%
_____ has lost the most tourism due to the COVID pandemic. - CORRECT
ANSWER Asia and Pacific
The world's most globalized countries tend to share all of the following characteristics
EXCEPT
they are geographically large
most are found in Europe
they are geographically small
they have many international economic ties - CORRECT ANSWER They are
geographically large
The world's most globalized countries tend to be small. - CORRECT ANSWER True
The global poverty rate has _____ significantly since 1990, mostly because of changes in
_____. - CORRECT ANSWER decreased; Asia
All of the following are BRICS nations EXCEPT
China
Russia
Singapore
