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Global Business Today 5Th Canadian Edition By Charles W. L. Hill - Test Bank
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,Chapter 01 - GlobalizationChapter 01
Globalization
Multiple Choice Questions
1. According to the opening case, Boeing is a good example of:
A. domestic markets
B. foreign exchange
C. information technology
D. outsourcing
E. deregulation
Accessibility: Keyboard Navigation
Difficulty: Medium
Topic: 01-01 Introduction
2. The trend toward a more integrated and interdependent global economic system that has
been in place for many years is commonly referred to as:
A. market standardization
B. cross-border integration
C. globalization
D. consumerism
E. nationalization
Accessibility: Keyboard Navigation
Difficulty: Easy
Topic: 01-01 Introduction
1-1
,Chapter 01 - Globalization
3. Sourcing goods and services from locations around the globe is known as __________.
A. melding of markets
B. integration of markets
C. deregulation
D. globalization of production
E. globalization of markets
Accessibility: Keyboard Navigation
Difficulty: Easy
Learning Objective: 01-01 Define the term globalization.
Topic: 01-02 What Is Globalization?
4. Currently, most global markets are markets for what type of product?
A. Consumer goods
B. Industrial goods
C. National products
D. Deregulated products
E. Local goods
Accessibility: Keyboard Navigation
Difficulty: Medium
Learning Objective: 01-01 Define the term globalization.
Topic: 01-03 The Globalization of Markets
5. The globalization of __________ refers to the sourcing of goods and services from
locations around the globe to take advantage of national differences in the cost and quality of
factors of production (such as labour, energy, land, and capital).
A. information technology
B. process design
C. markets
D. production
E. R&D
Accessibility: Keyboard Navigation
Difficulty: Easy
Learning Objective: 01-01 Define the term globalization.
Topic: 01-04 The Globalization of Production
1-2
, Chapter 01 - Globalization
6. The factors of production include:
A. information technology
B. process design
C. markets
D. labour
E. research and development
Accessibility: Keyboard Navigation
Difficulty: Medium
Learning Objective: 01-01 Define the term globalization.
Topic: 01-04 The Globalization of Production
7. The _______ was created in 1944 by 44 nations that met in Bretton Woods, New
Hampshire.
A. International bank
B. World Monetary Fund
C. World Trade Organization
D. International Monetary Fund
E. United Nations
Accessibility: Keyboard Navigation
Difficulty: Medium
Learning Objective: 01-02 Examine the rise of global institutions.
Topic: 01-05 The Emergence of Global Institutions
8. The _______ is seen as the lender of last resort to nation-states whose economies are in
turmoil and currencies are losing value against those of other nations.
A. International Monetary Fund
B. International bank
C. United Nations
D. Canada's Export Development Corporation
E. Bank of Canada
Accessibility: Keyboard Navigation
Difficulty: Medium
Learning Objective: 01-02 Examine the rise of global institutions.
Topic: 01-05 The Emergence of Global Institutions
1-3
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