TEST BANK For Global Business Today,
12th Edition By Charles Hill Chapters 1 - 17
,ChaptermOnemGlobalizationm
PARTmTWOmNationalmDifferences
ChaptermTwomNationalmDifferencesminmPolitical,mEconomic,mandmLegalmSystemsm
ChaptermThreemNationalmDifferencesminmEconomicmDevelopmentm
ChaptermFourmDifferencesminmCulturem
ChaptermFivemEthics,mCorporatemSocialmResponsibility,mandmSustainabilitym
PARTmTHREEmThemGlobalmTrademandmInvestmentmEnvironment
ChaptermSixmInternationalmTrademTheorym
ChaptermSevenmGovernmentmPolicymandmInternationalmTradem
ChaptermEightmForeignmDirectmInvestmentm
ChaptermNinemRegionalmEconomicmIntegrationm
PARTmFOURmThemGlobalmMonetarymSystem
ChaptermTenmThemForeignmExchangemMarketm
ChaptermElevenmThemInternationalmMonetarymSystemm
PARTmFIVEmThemStrategymofmInternationalmBusiness
ChaptermTwelvemThemStrategymofmInternationalmBusinessm
ChaptermThirteenmEnteringmDevelopedmandmEmergingmMarketsm
PARTmSIXmInternationalmBusinessmFunctions
ChaptermFourteenmExporting,mImporting,mandmCountertradem
ChaptermFifteenmGlobalmProductionmandmSupplymChainmManagementm
ChaptermSixteenmGlobalmMarketingmandmBusinessmAnalyticsm
ChaptermSeventeenmGlobalmHumanmResourcemManagementmm
,Answersmarematmthemendmofmeachmchapter
Chapterm01mGlobalizatio
nmTruem/mFalsemQuestions
1. Asmamresultmofmglobalization,mwemhavembeenmmovingmtowardmamworldminmwhichmnationalmecon
omiesmaremrelativelymself-containedmentities.
True False
2. Bymofferingmthemsamembasicmproductmworldwide,mfirmsmhelpmtomcreatemamglobalmma
rket.mTrue False
3. Amcompanymhasmtombemthemsizemofmammultinationalmgiantmtomfacilitate,mandmbenefitmfro
m,mthemglobalizationmofmmarkets.
True False
4. Asmamresultmofmglobalization,mcompaniesmrarelymneedmtomcustomizemmarketingmstrategies,mpro
ductmfeatures,mandmoperatingmpracticesminmdifferentmcountries.
True False
5. Globalizationmhasmresultedminmgreatermuniformitymreplacingmdiversitymacrossmnationalmmark
ets.mTrue False
6. Asmfirmsmfollowmeachmothermaroundmthemworld,mtheymbringmwithmthemmmanymofmthemasset
smthatmservedmthemmwellminmothermnationalmmarkets.mThus,mgreatermdiversitymreplacesmuniformity.
True False
7. Substantialmimpediments,msuchmasmbarriersmtomforeignmdirectminvestment,mmakemitmdifficultmformf
irmsmtomachievemthemoptimalmdispersionmofmtheirmproductivemactivitiesmtomlocationsmaroundmthemglobe.
True False
8. ThemWorldmTrademOrganization,mthemInternationalmMonetarymFundmandmitsmsisterminstitution
mthemWorldmBank,mandmthemUnitedmNationsmweremallmcreatedmbymvoluntarymagreementmbetweenmindi
vidualmnation-mstates.
True False
, 9. ThemInternationalmMonetarymFundmandmthemWorldmBankmwerembothmcreatedminm1944mbym44mn
ationsmthatmmetmatmBrettonmWoods,mNewmHampshire.
True False
10. ThemWTOmismseenmasmthemlendermofmlastmresortmtomnation-
statesmwhosemeconomiesmareminmturmoilmandmwhosemcurrenciesmaremlosingmvaluemagainstmthosemofmo
thermnations.
True False
11. ThemIMFmismlessmcontroversialmthanmitsmsisterminstitution,mthemWorldmB
ank.mTrue False
12. Inmreturnmformloans,mthemIMFmrequiresmnation-
statesmtomadoptmspecificmeconomicmpoliciesmaimedmatmreturningmtheirmtroubledmeconomiesmtomstabilitym
andmgrowth.
True False
13. Foreignmdirectminvestmentm(FDI)moccursmwhenmamfirmminvestsmresourcesminmbusinessmactiv
itiesmoutsidemitsmhomemcountry.
True False
14. AftermWorldmWarmII,mthemadvancedmnationsmofmthemWestmcommittedmthemselvesmtomincre
asingmbarriersmtomthemfreemflowmofmgoods,mservices,mandmcapitalmbetweenmnations.
True False
15. ThemUruguaymRound,mheldmundermthemumbrellamofmGATT,mextendedmGATTmtomcovermservicesmas
mwellmasmmanufacturedmgoods.
True False
16. Themloweringmofmtrademandminvestmentmbarriersmallowsmfirmsmtombasemproductionmatmthemop
timalmlocationmformthatmactivity.
True False
17. Asmamresultmofminternationalmtrade,mthemeconomiesmofmthemworld’smnation-
statesmarembecomingmlessmintertwined.
True False
18. Themglobalizationmofmmarketsmandmproductionmandmthemresultingmgrowthmofmworldmtrade,mfo
reignmdirectminvestment,mandmimportsmallmimplymthatmfirmsmaremfindingmitmeasiermtomprotectmthemselv
esmfrom
themattackmofmforeignmcompetitors.
