100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Test Bank For International Management Culture Strategy and Behavior 10th Edition by Luthans CA$45.11   Add to cart
Quickly navigate to
Preview
  2.  
  3. International Management - Test Bank
  4.  
  5. International Management - Test Bank
  6.  
  7. International Management - Test Bank

Exam (elaborations)

Test Bank For International Management Culture Strategy and Behavior 10th Edition by Luthans

1 review
 26 views  2 purchases
  • Course
  • International Management - Test Bank
  • Institution
  • International Management - Test Bank

Chapter 03 Ethics, Social Responsibility, and Sustainability True/False Questions 1. The study of morality and standards of conduct is referred to as ethics. Answer: True Feedback: Ethics is the study of morality and standards of conduct. AACSB: Analytic AACSB: Ethics Bloom's: Reme...

[Show more]

Preview 4 out of 404  pages

Document information

  • September 26, 2023
  • 404
  • 2022/2023
  • Exam (elaborations)
  • Questions & answers

Subjects

  • test bank for international management
  • test bank for international management culture

Written for

  • International Management - Test Bank
  • International Management - Test Bank
  • International Management - Test Bank
All documents for this subject (2)

1  review

review-writer-avatar

By: jrbailey97 • 1 month ago

Seller

avatar-seller
ExamsExpert

Reviews received

Content preview

,Chapter 01 - Globalization and International Linkages



Chapter 01
Globalization and International Linkages


True/False Questions
1. Internationalization is the vision of creating one world unit, a single market entity.
Answer: False
Feedback: Internationalization is the process of a business crossing national and cultural
borders, while globalization is the vision of creating one world unit, a single market entity.
AACSB: Analytic
Bloom's: Remember
Learning Objective: 01-01 ASSESS the implications of globalization for countries, industries,
firms, and communities.
Level of Difficulty: 1 Easy
Topic: Globalization and Internationalization

2. In the context of the changing global demographics, elderly populations spend money on
housing and other capitally financed purchases.
Answer: False
Feedback: While elderly populations spend money on health care services, younger
populations spend income on housing and other capitally financed purchases.
AACSB: Analytic
Bloom's: Remember
Learning Objective: 01-01 ASSESS the implications of globalization for countries, industries,
firms, and communities.
Level of Difficulty: 1 Easy
Topic: Globalization and Internationalization

3. North American Free Trade Agreement (NAFTA) members are better integrated as a
single market than the European Union (EU) or the allied Asian countries.
Answer: False
Feedback: Even though long-standing cultural differences remain, and the European Union
has recently experienced some substantial challenges, the European Union is more integrated
as a single market than NAFTA, CAFTA, or the allied Asian countries.
AACSB: Analytic
Bloom's: Remember
Learning Objective: 01-01 ASSESS the implications of globalization for countries, industries,
firms, and communities.
Level of Difficulty: 1 Easy
Topic: Globalization and Internationalization

4. General Electric (GE) has strategically leveraged social media to improve its long-term
brand image.
Answer: True
Feedback: General Electric (GE) has strategically leveraged social media to improve its long-
term brand image. By interacting daily with customers across a variety of social networks, the


1-1
Copyright © 2018 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the
prior written consent of McGraw-Hill Education.

,Chapter 01 - Globalization and International Linkages


100-year-old company aims to transform the way that its brand is perceived while
simultaneously building a new generation of consumers.
AACSB: Analytic
Bloom's: Remember
Learning Objective: 01-01 ASSESS the implications of globalization for countries, industries,
firms, and communities.
Level of Difficulty: 1 Easy
Topic: An Interconnected World

5. An increase in the ease of travel between countries is an important development that has
occurred because of the North American Free Trade Agreement (NAFTA).
Answer: True
Feedback: An increase in the ease of travel between countries is an important development
that has occurred because of the North American Free Trade Agreement (NAFTA). Other
important developments include the elimination of tariffs as well as import and export quotas,
the opening of government procurement markets to companies in Canada and Mexico, an
increase in the opportunity to make investments in each other’s country, and the removal of
restrictions on agricultural products, auto parts, and energy goods.
AACSB: Analytic
Bloom's: Remember
Learning Objective: 01-01 ASSESS the implications of globalization for countries, industries,
firms, and communities.
Level of Difficulty: 1 Easy
Topic: Globalization and Internationalization

6. According to a Goldman Sachs global economics team report, it is estimated that the
economies of Brazil, Russia, India, and China, which it collectively coined as the "BRIC"
nations, will surpass the collective economies of the G7 nations by 2032.
Answer: True
Feedback: According to a Goldman Sachs global economics team report, it is estimated that
the economies of Brazil, Russia, India, and China, which it collectively coined as the "BRIC"
nations, will surpass the collective economies of the G7 nations by 2032.
AACSB: Analytic
Bloom's: Remember
Learning Objective: 01-01 ASSESS the implications of globalization for countries, industries,
firms, and communities.
Level of Difficulty: 1 Easy
Topic: Globalization and Internationalization

7. Foreign direct investment has been falling alarmingly since the global recession of 2009 in
most regions of the world.
Answer: False
Feedback: Foreign direct investment (FDI)—the term used to indicate the amount invested in
property, plant, and equipment in another country—has been growing at a slow but steady
rate in the years since the global recession of 2009.
AACSB: Analytic
Bloom's: Remember
Learning Objective: 01-01 ASSESS the implications of globalization for countries, industries,
firms, and communities.
1-2
Copyright © 2018 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the
prior written consent of McGraw-Hill Education.

, Chapter 01 - Globalization and International Linkages


Level of Difficulty: 1 Easy
Topic: Globalization and Internationalization

8. In a command economy, a general balance between supply and demand sustains prices,
while an imbalance creates a price fluctuation.
Answer: False
Feedback: In a command economy, the government has explicit control over the price and
supply of a good or service. The particular goods and services offered are not necessarily in
response to consumers' stated needs but are determined by the theoretical advancement of
society.
AACSB: Analytic
Bloom's: Remember
Learning Objective: 01-02 REVIEW the major trends in global and regional integration.
Level of Difficulty: 1 Easy
Topic: Global Economic Systems

9. Monopolies are a danger to the market economy system because they tend to stifle
economic growth.
Answer: True
Feedback: Monopolies are a danger to the market economy system because they tend to stifle
economic growth and consumer choice with their power to determine supply. Factors such as
efficiency of production and quality and pricing of goods can be chosen arbitrarily by
monopolies, leaving consumers without a choice and at the mercy of big businesses.
AACSB: Analytic
Bloom's: Remember
Learning Objective: 01-02 REVIEW the major trends in global and regional integration.
Level of Difficulty: 1 Easy
Topic: Global Economic Systems

10. In the context of the emerging markets of Asia, India is attractive to multinationals,
especially U.S. and British firms.
Answer: True
Feedback: India is attractive to multinationals, especially U.S. and British firms. Many Indian
people speak English, are very well educated, and are known for advanced information
technology expertise.
AACSB: Analytic
Bloom's: Remember
Learning Objective: 01-03 EXAMINE the changing balance of global economic power and
trade and investment flows among countries.
Level of Difficulty: 1 Easy
Topic: Economic Performance and Issues of Major Regions

11. The United States has considerable foreign direct investment in Germany, more than in
any other country.
Answer: False
Feedback: The United States has considerable foreign direct investment in Canada, more than
in any other country. Canada is the United States' largest trading partner, a position it has
held for many years.
AACSB: Analytic
1-3
Copyright © 2018 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the
prior written consent of McGraw-Hill Education.

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

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

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

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 ExamsExpert. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for CA$45.11. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

72799 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
CA$45.11  2x  sold
  • (1)
  Add to cart