Exam (elaborations)
Global Business Today 7th Edition By Charles W. L. Hill - Test Bank
- Course
- Institution
Global Business Today 7th Edition By Charles W. L. Hill - Test Bank
[Show more]
Seller
Follow
evileye251
Reviews received
Content preview
,Chapter 01 - GlobalizationChapter 01
Globalization
True / False Questions
1. Globalization refers to the shift toward a more integrated and interdependent world
economy.
True False
2. Tastes and preferences of consumers in different nations are beginning to converge on
some global norm.
True False
3. A company has to be a major multinational corporation to facilitate, and benefit from, the
globalization of markets.
True False
4. Because of globalization, companies rarely need to customize marketing strategies, product
features, and operating practices in different countries.
True False
5. The most global markets currently are markets for consumer products.
True False
6. As firms follow each other around the world, they bring with them many of the assets that
served them well in other national markets. Thus, greater diversity replaces uniformity.
True False
1-1
,Chapter 01 - Globalization
7. Substantial impediments, such as barriers to foreign direct investment, make it difficult for
firms to achieve the optimal dispersion of their productive activities to locations around the
globe.
True False
8. The GATT succeeded the World Trade Organization (WTO).
True False
9. Over its entire history, the WTO has promoted the lowering of barriers to cross-border
trade and investment.
True False
10. The IMF is less controversial than its sister concern, the World Bank.
True False
11. The IMF is often seen as the lender of last resort to nation-states whose economies are in
turmoil.
True False
12. After World War I, the advanced nations of the West committed themselves to removing
barriers to the free flow of goods, services, and capital between nations.
True False
13. World merchandise trade includes trade in manufactured goods, agricultural goods, and
services.
True False
1-2
, Chapter 01 - Globalization
14. Trade in services now accounts for more than half of the value of all international trade.
True False
15. The volume of world output has grown faster than the volume of world merchandise trade
since the 1950s, according to data from the World Trade Organization.
True False
16. Moore's Law predicts that the power of microprocessor technology doubles and its cost of
production declines in half every 18 months.
True False
17. As transportation costs associated with the globalization of production decline, dispersal
of production to geographically separate locations becomes more economical.
True False
18. The Internet has acted as a regulatory brake on unfettered international trade in business.
True False
19. In any society, the media are the primary conveyors of culture.
True False
20. The dominance of large multinational British firms on the international business scene is
one of the changing trends of globalization.
True False
21. As the world's largest industrial power, the United States accounted for a significantly
larger share of the world economy in 2008 than it did in the 1960's.
True False
1-3
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller evileye251. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $27.16. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
85443 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now