TEST BANK For Global Business Today,
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12th Edition By Charles Hill Chapters 1 - 17
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,Chapter One Globalization
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PART TWO National Differences
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Chapter Two National Differences in Political, Economic, and Legal Systems
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Chapter Three National Differences in Economic Development
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Chapter Four Differences in Culture
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Chapter Five Ethics, Corporate Social Responsibility, and Sustainability
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PART THREE The Global Trade and Investment Environment C
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hapter Six International Trade Theory
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Chapter Seven Government Policy and International Trade Cha
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pter Eight Foreign Direct Investment
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Chapter Nine Regional Economic Integration
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PART FOUR The Global Monetary System Cha
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pter Ten The Foreign Exchange Market
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Chapter Eleven The International Monetary System
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PART FIVE The Strategy of International Business Cha
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pter Twelve The Strategy of International Business
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Chapter Thirteen Entering Developed and Emerging Markets
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PART SIX International Business Functions
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Chapter Fourteen Exporting, Importing, and Countertrade Cha
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pter Fifteen Global Production and Supply Chain Management
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Chapter Sixteen Global Marketing and Business Analytics
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Chapter Seventeen Global Human Resource Management
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,Answers are at the end of each chapter
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Chapter 01 Globalization Tr
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ue / False Questions
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1. As a result of globalization, we have been moving toward a world in which national econo
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mies are relatively self-contained entities.
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True False
2. By offering the same basic product worldwide, firms help to create a global mar
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ket. True e0 False
3. A company has to be the size of a multinational giant to facilitate, and benefit from
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, the globalization of markets.
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True False
4. As a result of globalization, companies rarely need to customize marketing strategies, prod
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uct features, and operating practices in different countries.
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True False
5. Globalization has resulted in greater uniformity replacing diversity across national mark
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ets. True e0 False
6. As firms follow each other around the world, they bring with them many of the assets
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that served them well in other national markets. Thus, greater diversity replaces uniformity.
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True False
7. Substantial impediments, such as barriers to foreign direct investment, make it difficult for fi
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rms to achieve the optimal dispersion of their productive activities to locations around the globe.
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True False
8. The World Trade Organization, the International Monetary Fund and its sister institution
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the World Bank, and the United Nations were all created by voluntary agreement between indi
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vidual nation- states.
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True False
, 9. The International Monetary Fund and the World Bank were both created in 1944 by 44 na
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tions that met at Bretton Woods, New Hampshire.
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True False
10. The PWTO Pis Pseen Pas Pthe Plender Pof Plast Presort Pto Pnation-
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states Pwhose Peconomies Pare Pin PturmoilPand Pwhose Pcurrencies Pare Plosing Pvalue Pagains
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t Pthose Pof Pother Pnations.
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True False
11. The PIMF Pis Pless Pcontroversial Pthan Pits Psister Pinstitution, Pt
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he PWorld PBank.PTrue
e0 e0 False
12. In Preturn Pfor Ploans, Pthe PIMF Prequires Pnation-
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states Pto Padopt Pspecific Peconomic Ppolicies Paimed PatPreturning Ptheir Ptroubled Peconomies Pto
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Pstability Pand Pgrowth. e0 e0
True False
13. Foreign Pdirect Pinvestment P(FDI) Poccurs Pwhen Pa Pfirm Pinvests Presources Pin Pbusine
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ss PactivitiesPoutside Pits Phome Pcountry.
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True False
14. After PWorld PWar PII, Pthe Padvanced Pnations Pof Pthe PWest Pcommitted Pthemselves
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Pto PincreasingPbarriers Pto Pthe Pfree Pflow Pof Pgoods, Pservices, Pand Pcapital Pbetween Pnati
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ons.
True False
15. The PUruguay PRound, Pheld Punder Pthe Pumbrella Pof PGATT, Pextended PGATT Pto Pcov
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er Pservices Pas PwellPas Pmanufactured Pgoods.
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True False
16. The Plowering Pof Ptrade Pand Pinvestment Pbarriers Pallows Pfirms Pto Pbase Pproduction P
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at Pthe PoptimalPlocation Pfor Pthat Pactivity.
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True False
17. As Pa Presult Pof Pinternational Ptrade, Pthe Peconomies Pof Pthe Pworld’s Pnation-
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states Pare Pbecoming PlessPintertwined.
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True False
18. The Pglobalization Pof Pmarkets Pand Pproduction Pand Pthe Presulting Pgrowth Pof Pwo
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rld Ptrade, PforeignPdirect Pinvestment, Pand Pimports Pall Pimply Pthat Pfirms Pare Pfinding Pit Peas
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ier Pto Pprotect Pthemselves Pfrom
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the Pattack Pof Pforeign Pcompetitors.
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12th Edition By Charles Hill Chapters 1 - 17
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,Chapter One Globalization
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PART TWO National Differences
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Chapter Two National Differences in Political, Economic, and Legal Systems
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Chapter Three National Differences in Economic Development
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Chapter Four Differences in Culture
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Chapter Five Ethics, Corporate Social Responsibility, and Sustainability
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PART THREE The Global Trade and Investment Environment C
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hapter Six International Trade Theory
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Chapter Seven Government Policy and International Trade Cha
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pter Eight Foreign Direct Investment
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Chapter Nine Regional Economic Integration
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PART FOUR The Global Monetary System Cha
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pter Ten The Foreign Exchange Market
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Chapter Eleven The International Monetary System
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PART FIVE The Strategy of International Business Cha
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pter Twelve The Strategy of International Business
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Chapter Thirteen Entering Developed and Emerging Markets
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PART SIX International Business Functions
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Chapter Fourteen Exporting, Importing, and Countertrade Cha
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pter Fifteen Global Production and Supply Chain Management
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Chapter Sixteen Global Marketing and Business Analytics
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Chapter Seventeen Global Human Resource Management
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,Answers are at the end of each chapter
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Chapter 01 Globalization Tr
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ue / False Questions
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1. As a result of globalization, we have been moving toward a world in which national econo
e0 e0 e0 e0 e0 e0 e0 e0 e0 e0 e0 e0 e0 e0 e0
mies are relatively self-contained entities.
e0 e0 e0 e0
True False
2. By offering the same basic product worldwide, firms help to create a global mar
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ket. True e0 False
3. A company has to be the size of a multinational giant to facilitate, and benefit from
e0 e0 e0 e0 e0 e0 e0 e0 e0 e0 e0 e0 e0 e0 e0
, the globalization of markets.
e0 e0 e0 e0
True False
4. As a result of globalization, companies rarely need to customize marketing strategies, prod
e0 e0 e0 e0 e0 e0 e0 e0 e0 e0 e0 e0
uct features, and operating practices in different countries.
e0 e0 e0 e0 e0 e0 e0
True False
5. Globalization has resulted in greater uniformity replacing diversity across national mark
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ets. True e0 False
6. As firms follow each other around the world, they bring with them many of the assets
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that served them well in other national markets. Thus, greater diversity replaces uniformity.
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True False
7. Substantial impediments, such as barriers to foreign direct investment, make it difficult for fi
e0 e0 e0 e0 e0 e0 e0 e0 e0 e0 e0 e0 e0
rms to achieve the optimal dispersion of their productive activities to locations around the globe.
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True False
8. The World Trade Organization, the International Monetary Fund and its sister institution
e0 e0 e0 e0 e0 e0 e0 e0 e0 e0 e0 e0
the World Bank, and the United Nations were all created by voluntary agreement between indi
e0 e0 e0 e0 e0 e0 e0 e0 e0 e0 e0 e0 e0 e0
vidual nation- states.
e0 e0
True False
, 9. The International Monetary Fund and the World Bank were both created in 1944 by 44 na
e0 e0 e0 e0 e0 e0 e0 e0 e0 e0 e0 e0 e0 e0 e0
tions that met at Bretton Woods, New Hampshire.
e0 e0 e0 e0 e0 e0 e0
True False
10. The PWTO Pis Pseen Pas Pthe Plender Pof Plast Presort Pto Pnation-
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states Pwhose Peconomies Pare Pin PturmoilPand Pwhose Pcurrencies Pare Plosing Pvalue Pagains
e0 e0 e0 e0 e0 e0 e0 e0 e0 e0 e0
t Pthose Pof Pother Pnations.
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True False
11. The PIMF Pis Pless Pcontroversial Pthan Pits Psister Pinstitution, Pt
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he PWorld PBank.PTrue
e0 e0 False
12. In Preturn Pfor Ploans, Pthe PIMF Prequires Pnation-
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states Pto Padopt Pspecific Peconomic Ppolicies Paimed PatPreturning Ptheir Ptroubled Peconomies Pto
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Pstability Pand Pgrowth. e0 e0
True False
13. Foreign Pdirect Pinvestment P(FDI) Poccurs Pwhen Pa Pfirm Pinvests Presources Pin Pbusine
e0 e0 e0 e0 e0 e0 e0 e0 e0 e0 e0
ss PactivitiesPoutside Pits Phome Pcountry.
e0 e0 e0 e0
True False
14. After PWorld PWar PII, Pthe Padvanced Pnations Pof Pthe PWest Pcommitted Pthemselves
e0 e0 e0 e0 e0 e0 e0 e0 e0 e0 e0 e0
Pto PincreasingPbarriers Pto Pthe Pfree Pflow Pof Pgoods, Pservices, Pand Pcapital Pbetween Pnati
e0 e0 e0 e0 e0 e0 e0 e0 e0 e0 e0 e0
ons.
True False
15. The PUruguay PRound, Pheld Punder Pthe Pumbrella Pof PGATT, Pextended PGATT Pto Pcov
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er Pservices Pas PwellPas Pmanufactured Pgoods.
e0 e0 e0 e0 e0
True False
16. The Plowering Pof Ptrade Pand Pinvestment Pbarriers Pallows Pfirms Pto Pbase Pproduction P
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at Pthe PoptimalPlocation Pfor Pthat Pactivity.
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True False
17. As Pa Presult Pof Pinternational Ptrade, Pthe Peconomies Pof Pthe Pworld’s Pnation-
e0 e0 e0 e0 e0 e0 e0 e0 e0 e0 e0
states Pare Pbecoming PlessPintertwined.
e0 e0 e0
True False
18. The Pglobalization Pof Pmarkets Pand Pproduction Pand Pthe Presulting Pgrowth Pof Pwo
e0 e0 e0 e0 e0 e0 e0 e0 e0 e0 e0
rld Ptrade, PforeignPdirect Pinvestment, Pand Pimports Pall Pimply Pthat Pfirms Pare Pfinding Pit Peas
e0 e0 e0 e0 e0 e0 e0 e0 e0 e0 e0 e0 e0
ier Pto Pprotect Pthemselves Pfrom
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the Pattack Pof Pforeign Pcompetitors.
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