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Test Bank for International Business Competing in the Global Marketplace 11th Edition by Charles W.L. Hill & G. Tomas M. Hult A+ $12.99
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Test Bank for International Business Competing in the Global Marketplace 11th Edition by Charles W.L. Hill & G. Tomas M. Hult A+

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Test Bank for International Business Competing in the Global Marketplace 11th Edition by Charles W.L. Hill & G. Tomas M. Hult A+ ..

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  • October 23, 2024
  • 1520
  • 2024/2025
  • Exam (elaborations)
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  • test
  • bank for
  • international
  • business
  • competing
  • in the global
  • marketplace
  • 11th edition
  • charles wl hill
  • g tomas m hult
  • 2024
  • by
  • international business competing in the global mar

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Test Bank for International Business Competing in the Global Marketplace

11th Edition by Charles W.L. Hill & G. Tomas M. Hult A+

Chapter 01 Globalization

True / False Questions



1. A company does not need a large size to facilitate, and benefit from, the globalization of

markets.



True False



2. Companies hope to lower their overall cost structure or improve the quality or

functionality of their product offering through globalization of production.



True False



3. The most global markets currently are markets for consumer products.



True False



4. Outsourcing is a process that is limited to manufacturing enterprises.



True False




1

,Created By: A Solution


5. The World Bank has focused on policing the world trading system and making sure

nation-states adhere to the rules laid down in trade treaties.



True False



6. The World Bank is known as the lender of the last resort.



True False



7. One of the UN's central mandates is the promotion of higher standards of living, full

employment, and conditions of economic and social progress and development.



True False



8. The Uruguay Round, finalized in December 1993, reduced protection for patents,

trademarks, and copyrights.



True False



9. "Beggar thy neighbor" retaliatory trade policies involved countries progressively

lowering trade barriers against each other, which contributed to the Great Depression of the

1930s.




2

,Created By: A Solution


True False



10. Rivers Inc., a U.S. based sports apparel manufacturer, sets up a production unit in China

to take advantage of the lower labor costs there. This is an example of foreign direct investment.



True False



11. World Bank gives an aid of 100 million dollars to Kenya for creating rural health care

facilities. This is an example of foreign direct investment.



True False



12. The lowering of barriers to international trade enables firms to view the world, rather

than a single country, as their market.



True False



13. According to WTO data, the volume of world merchandise trade has grown faster than

the world economy since 1950.



True False




3

, Created By: A Solution


14. The cost of microprocessors continues to fall, while their power increases. This statement

supports the predictions made by Moore's Law.



True False



15. Non-U.S. firms increasingly began to invest across national borders because they wanted

to disperse production activities to optimal locations and to build a direct presence in major

foreign markets.



True False



16. A current trend in international business is the decline of medium-sized and small

multinationals, known as mini-multinationals.



True False



17. The globalization of the world economy has resulted in a relative increase in the

dominance of U.S. firms in the global marketplace.



True False



18. Doing business in Russia involves risks because the country has shown signs of shifting

back toward greater state involvement in economic activity and authoritarian government.


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