Exam study book ISE International Business Competing in the Global Marketplace of Charles W. L. Hill, G. Tomas M. Hult (Course Material) - ISBN: 9781260575866
Digital Test Bank - International Business Competing in the Global Marketplace by Hill,13e
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Vrije Universiteit Amsterdam (VU)
International Business Administration
International Strategy (E_IBA2_IS)
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International Strategy Possible Exam Questions
1
, International Strategy Possible Exam Questions
International Strategy Possible Exam Questions
1. What is the globalization of markets?
a) The merging of historically distinct and separate national markets into one
large global marketplace
b) The separation of national markets into smaller, regional marketplaces
c) The creation of new national markets in underdeveloped countries
d) The elimination of all markets and the shift to a barter system
Answer: a
2. What are some characteristics of the globalization of markets?
a) Rising barriers to cross-border trade and investment
b) Local tastes only
c) Benefits only for large companies
d) Falling barriers to cross-border trade and investment, global tastes, benefits for
small and large companies, and significant differences between national markets
Answer: d
3. What are some examples of products that serve universal needs and are
considered global?
a) Oil
b) Regional fruits and vegetables
c) Handmade crafts
d) Luxury cars
Answer: a
4. How has the globalization of production changed over time?
a) Early outsourcing was confined to manufacturing, but now it is limited to
service activities
b) Early outsourcing was limited to service activities, but now it is confined to
manufacturing
c) Modern communications and technology has advanced outsourcing to include
both manufacturing and service activities
d) Outsourcing has decreased in recent years due to advancements in technology
and automation
2
, International Strategy Possible Exam Questions
Answer: c
5. What are some impediments to the optimal dispersion of activities in the
globalization of production?
a) Cheap transportation costs and low political and economic risk
b) Formal and informal barriers to trade, barriers to foreign direct investment,
transportation costs, and political and economic risk
c) High transportation costs and high political and economic risk
d) Lack of coordination in global supply chains
Answer: b
6. What are some examples of institutions that help manage, regulate, and
police global markets?
a) World Bank, United Nations, International Monetary Fund
b) Local government agencies, private sector companies, non-profit organizations
c) International criminal organizations, terrorist groups, rogue nations
d) National sports teams, celebrities, religious leaders
Answer: a
7. What are international standards?
a) Voluntary guidelines developed by international, intergovernmental
organizations
b) Mandatory rules set by national governments
c) Proprietary standards developed by private companies
d) A set of independently verified and certified criteria recognized and used
worldwide
Answer: d
8. What is the ISO?
a) An international intergovernmental organization that develops and publishes a
wide range of proprietary, industrial, and commercial standards
b) An international non-governmental organization that develops and publishes a
wide range of proprietary, industrial, and commercial standards
c) An international non-profit organization that develops and publishes a wide
range of proprietary, industrial, and commercial standards
3
, International Strategy Possible Exam Questions
d) An international non-profit organization that develops and publishes a wide
range of non-proprietary, industrial, and commercial standards
Answer: b
9. What is the Sustainable Development Goals?
a) 17 interlinked goals designed to be a "blueprint to achieve a better and more
sustainable future for all"
b) 17 interlinked goals designed to be a "guideline to achieve a better and more
sustainable future for all"
c) 17 interlinked goals designed to be a "mandate to achieve a better and more
sustainable future for all"
d) 17 interlinked goals designed to be a "proposal to achieve a better and more
sustainable future for all"
Answer: A
10. What are the main characteristics of the globalization of markets?
a) Rising barriers to cross-border trade and investment
b) Regional tastes and preferences
c) Benefits only for large companies
d) Falling barriers to cross-border trade and investment, global tastes, benefits for
both small and large companies, and significant differences between national
markets
Answer: d
11. Which of the following is not a factor of production?
a) Labor
b) Energy
c) Land
d) Technology
Answer: d
4
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