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 Business Competing in the Global Marketplace 11th Edition By Charles Thomas $12.99
Add to cart
Quickly navigate to
Preview
  2.  
  3. International Business Competing In The Global
  4.  
  5. International Business Competing in the Global

Exam (elaborations)

Test Bank For International Business Competing in the Global Marketplace 11th Edition By Charles Thomas
 0 purchase
  • Course
  • International Business Competing in the Global
  • Institution
  • International Business Competing In The Global
  • Book
  • International Business: Competing in the Global Marketplace

Test Bank For International Business Competing in the Global Marketplace 11th Edition By Charles Thomas

Preview 4 out of 1514  pages

Document information

  • October 23, 2024
  • 1514
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • test
  • bank
  • international
  • business
  • competing
  • the
  • global
  • marketplace
  • 11th
  • edition
  • charles
  • thomas
  • all
  • chapters
  • 9781259578113
  • 2024
  • latest
  • verified
  • complete
  • guide
  • in
  • by

Connected book

book image

Book Title:

Author(s):

  • Edition:
  • ISBN:
  • Edition:

More summaries for

  • TEST BANK For International Business: Competing in the Global Marketplace, 14th Edition By Charles Hill. All Chapters 1-20. (Complete PDF Download) Updated A+ Newest Version
  • TEST BANK For International Business: Competing in the Global Marketplace, 14th Edition By Charles Hill. All Chapters 1-20. ISBN:9781259578113(Complete Download) Updated A+
  • TEST BANK For International Business: Competing in the Global Marketplace, 14th Edition By Charles Hill. All Chapters 1-20. ISBN:9781259578113(Complete Download) Updated A+
All for this textbook (14)

Written for

  • International Business Competing in the Global
All documents for this subject (18)

Seller

avatar-seller
TestsBanks

Reviews received

Content preview

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

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.

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

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.

True False

19. Globalization critics argue that the decline in unskilled wage rates is due to the migration
of low-wage manufacturing jobs offshore and a corresponding reduction in demand for
unskilled workers.

True False

,20. Evidence suggests that technological change has had a bigger impact than globalization
on the declining share of national income enjoyed by labor.

True False

21. According to supporters of free trade, as countries get richer they commit greater
violation of environmental and labor regulations.

True False

22. According to critics of globalization, today's interdependent global economy limits a
nation's national sovereignty.

True False

23. Supporters of debt relief argue that new democratic governments in poor nations should
not be forced to honor debts incurred by corrupt and dictatorial predecessors.

True False

24. A firm does not have to become a multinational enterprise to engage in international
business.

True False

25. Managing an international business is much easier than managing a domestic business.

True False




Multiple Choice Questions


26. The shift toward a more integrated and interdependent world economy is referred to as
_____.


A. outsourci
ng
B. international
marketing
C. privatizati
on
D. globalizati
on

, 27. In 2008 and 2009, the _____ became the forum though which major nations attempted to
launch a coordinated policy response to the global financial crisis, which started in
America.


A. GAT
T
B. Group of Ten
(G20)
C. Group of Twenty
(G20)
D. World Trade
Organization

28. The Uruguay Round provided:


A. reduced protection for patents, trademarks, and
copyrights.
B. enhanced protection for patents, trademarks, and
copyrights.
C. increased trade
barriers.
D. reduced coverage of services and manufactured
goods.

29. Since the collapse of communism at the end of the 1980s, the erstwhile communist
nations have transformed their economies by globalizing their markets. This involves
_____.


A. regulating
markets
B. privatizing state-owned
enterprises
C. decreasing
competition
D. reducing foreign
investment

30. Which of the following is a consequence of globalization?


A. Decreasing interdependence between national
economies
B. Increasing outsourcing of
services
C. Differentiation of material
culture
D. Increase in barriers to cross-border
trade

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 TestsBanks. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $12.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

69252 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 15 years now

Start selling
$12.99
  • (0)
Add to cart
Added