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International Business: Competing in the Global Marketplace
TEST BANK For International Business: Competing in the Global Marketplace, 14th Edition By Charles Hill. All Chapters 1-20. (Complete Download) Updated A+ TABLE OF CONTENT 1. Globalization 2. National Differences in Political Economy 3. Politi cal Economy and Economic Development 4. Differences in...
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International Business: Competing in the Global Marketplace, 14th Edition By Charles Hill
TEST BANK for International Business:
Competing in the Global Marketplace, 14th Edition
by Charles Hill. All Chapters 1-20. (Complete
Download)
,International Business: Competing in the Global Marketplace, 14th Edition By Charles Hill
, International Business: Competing in the Global Marketplace, 14th Edition By Charles Hill
SECTION 1
1) Debatethe characteristics of globalization. Use an example in your discussion.
2) Explain whatever is meant by the globalization of markets. Provide an example.
Whatever are the most global markets?
3) Debatethe concept of the globalization of production.
4) Whatever is the World Trade Organization? Whatever is its role in the world economy?
Test Bank Page 3
, International Business: Competing in the Global Marketplace, 14th Edition By Charles Hill
5) Whatever is the International Monetary Fund? Whatever is the World Bank?
Whatever is their relationship, if any, with each other?
6) Whatever is the Uruguay Round? List the measures implemented in the Uruguay Round.
7) Explain the trends in world trade and foreign direct investment since 1960.
8) Explain how the COVID-19 global pandemic has impacted globalization.
9) Debatethe impact of technological change and automation on global markets.
FORM 1
, International Business: Competing in the Global Marketplace, 14th Edition By Charles Hill
Debatethe demographics of world trade since the 1960s. How has the role of the United States changed? How is
world trade expected to change in the future?
10) Why does China represent both opportunities and threats for established international
businesses?
11) Consider whether the shift toward a more integrated and interdependent global economy
is a good thing. Debatethe shift from the eyes of the consumer, the worker, the company, and
the environmentalist.
FORM 1 3
, International Business: Competing in the Global Marketplace, 14th Edition By Charles Hill
12) Debatewhatever occurred in Seattle in 1999 at the meeting of the WTO and why the
events were important to the future of global trade.
13) Falling barriers to international trade destroy manufacturing jobs in wealthy advanced
economies. Debatethis statement. Do you agree? Why or why not?
14) Why is managing an international business different from managing a purely domestic
business?
15) Whatever are some of the issues a manager of an international business must confront
that amanager of a domestic business never confronts?
FORM 1 4
, International Business: Competing in the Global Marketplace, 14th Edition By Charles Hill
16) refers to the shift toward a more integrated and interdependent world
economy.
A) Outsourcing
B) International marketing
C) Privatization
D) Globalization
17) In 2008 and 2009, the became the forum through which major nations
attempted to launch a coordinated policy response to the global financial crisis, which started in
America.
A) United Nations
B) Group of Seven (G7)
C) Group of Twenty (G20)
D) World Trade Organization
18) Which factor has contributed to the globalization of markets?
A) a decrease in foreign direct investment
B) global convergence of consumer tastes and preferences
C) an increase in cross-border barriers to trade
D) the trend to separate a homogeneous market into separate national markets
19) Globalization has resulted in
A) less interdependence between national economies.
B) an increase in the use of outsourcing.
C) a collective material culture becoming more diverse.
D) increasing barriers to cross-border trade.
FORM 1 5
, International Business: Competing in the Global Marketplace, 14th Edition By Charles Hill
20) Which factor hinders globalization of consumer goods market?
A) national and cultural differences in tastes and preferences
B) increasing incomes in emerging markets
C) homogenization of material culture
D) increased outsourcing of goods and services
21) Globalization of markets results in markets becoming
A) less interdependent.
B) less diverse.
C) more protected.
D) less competitive.
22) A U.S. investment firm set up a customer service call center in India to take advantage of
lower labor costs. This is called
A) homogenizing markets.
B) vertical integration.
C) outsourcing.
D) horizontal integration.
23) Early outsourcing efforts were primarily confined to
A) health care.
B) service activities.
C) technological research.
D) manufacturing activities.
FORM 1 6
, International Business: Competing in the Global Marketplace, 14th Edition By Charles Hill
24) Whatever impedes firms from achieving the optimal dispersion of their productive
activities to locations around the globe?
A) transportation costs
B) government deregulations
C) reduction of barriers to trade between countries
D) reduction of barriers to foreign direct investment
25) The General Agreement on Tariffs and Trade (GATT) was responsible for
A) protecting government-owned enterprises.
B) promoting free trade and reducing trade barriers.
C) limiting nuclear testing.
D) promoting environment friendly technology.
26) The is primarily responsible for policing the world trading system and
making sure nation-states adhere to the rules laid down in trade treaties signed by member states.
A) International Development Association
B) World Bank
C) International Court of justice
D) World Trade Organization
27) The World Trade Organization promotes
A) the lowering of barriers to cross-border trade and investment.
B) the development of poor nations through low-interest loans.
C) state ownership of major enterprises.
D) the regulation of national economies.
FORM 1 7
, International Business: Competing in the Global Marketplace, 14th Edition By Charles Hill
28) Which statement is correct about the International Monetary Fund (IMF)?
A) It is primarily responsible for policing the world trading system.
B) It is seen as the lender of last resort to nation-states whose economies are in turmoil.
C) It is responsible for establishing multinational treaties to govern the global business
system.
D) It was established to formulate a coordinated policy response to financial crises in
developing nations.
29) The was established on October 24, 1945, by 51 countries committed to
preserving peace through international cooperation and collective security.
A) World Trade Organization
B) United Nations
C) G20
D) World Bank
30) The G20 was originally established to
A) preserve peace through international cooperation and collective security.
B) maintain order in the international monetary system.
C) formulate a coordinated policy response to financial crises in developing nations.
D) manage, regulate, and police the global marketplace.
31) Which item is a factor of production?
A) tariffs
B) transportation costs
C) capital
D) government
FORM 1 8
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