(Test Bank) International Business: Competing in the Global Marketplace

Hill, 14

Business

Test Bank

14th Edition

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Test Bank for International Business: Competing in the Global Marketplace, The downloadable file consists of 608 pages, and the total size of the file is 3.33 MB. Purchase now only for highly discounted price.

Author(s): Hill

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Prof.Exams TEST BANK 2022 Prof.Exams COMPLETE Elaborated Test bank for International Business: Competing in the Global Marketplace 14ED. by Charles Hill 2022 Prof.Exams Part One: Introduction and Overview Chapter 1: Globalization Part Two: National Differences Chapter 2: National Differences in Politic al, Economic, and Legal Systems Chapter 3: National Differences in Economic Development Chapter 4: Differences in Culture Chapter 5: Ethics, Corporate Social Responsibility, and Sustainability Part Three: The Global Trade and Investment Environment Chapt er 6: International Trade Theory Chapter 7: Government Policy and International Trade Chapter 8: Foreign Direct Investment Chapter 9: Regional Economic Integration Part Four: The Global Monetary System Chapter 10: The Foreign Exchange Market Chapter 11: The International Monetary System Chapter 12: The Global Capital Market Part Five: The Strategy and Structure of International Business Chapter 13: The Strategy of International Business Chapter 14: The Organization of International Business Chapter 15: Entering Developed and Emerging Markets Prof.Exams Part Six: International Business Functions Chapter 16: Exporting, Importing, and Countertrade Chapter 17: Global Production and Supply Chain Management Chapter 18: Global Marketing and Business Analytics Chapter 19: Global Human Resource Management Chapter 20: Accounting and Finance in International Business Part Seven: Integrative Cases How the iPhone Is Made: Apple’s Global Production System Kenya: An African Lion Poland: Eastern Europe’s Economic Miracl e Version 1 1 CHAPTER 1 1) Discuss the characteristics of globalization. Use an example in your discussion. 2) Explain what is meant by the globalization of markets. Provide an example. What are the most global markets? 3) Discuss the concept of the globalization of production. 4) What is the World Trade Organization? What is its role in the world economy? Version 1 2 5) What is the International Monetary Fund? What is the World Bank? What is their relationship, if any, with each other? 6) What 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) Discuss the impact of technological change and automation on global markets. Version 1 3 10) Discuss the 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? 11) Why does China represent both opportunities and threats for established international businesses? 12) Consider whether the shift toward a more integrated and interdependent global economy is a good thing. Discuss the shift from the eyes of the consumer, the worker, the company, and the environmentalist. Version 1 4 13) Discuss what occurred in Seattle in 1999 at the meeting of the WTO and why the events were important to the future of global trade. 14) Falling barriers to international trade destroy manufacturing jobs in wealthy advanced economies. Discuss this statement. Do you agree? Why or why not? 15) Why is managing an international business different from managing a purely domestic business? 16) What are some of the issues a manager of an international business must confront that a manager of a domestic business never confronts? Version 1 5 17) __________ refers to the shift toward a more integrated and interdependent world economy. A) Outsourcing B) International marketing C) Privatization D) Globalization 18) 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 19) 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 20) 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. Version 1 6 21) 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 22) Globalization of markets results in markets becoming A) less interdependent. B) less diverse. C) more protected. D) less competitive. 23) 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. 24) Early outsourcing efforts were primarily confined to A) health care. B) service activities. C) technological research. D) manufacturing activities. Version 1 7 25) What 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 26) 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. 27) 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 28) 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. Version 1 8 29) Which statement is true 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. 30) 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 31) 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. 32) Which item is a factor of production? A) tariffs B) transportation costs C) capital D) government Version 1 9 33) Which institution focuses on making low-interest loans to cash-strapped governments in poor nations that wish to undertake significant infrastructure investments? A) the WTO B) the GATT C) the World Bank D) the IMF 34) Which institution was established to maintain order in the international monetary system? A) the WTO B) the G20 C) the World Bank D) the IMF 35) Which statement is true of the International Monetary Fund (IMF)? A) It is often seen as the lender of first choice to nation-states whose economies are in turmoil. B) Its loans come with no strings attached. C) It is the less controversial of the two sister institutions, the IMF and the World Bank. D) It has emerged as a significant player in the global economy. 36) The volume of world merchandise trade and production is growing faster than world GDP. This implies that Version 1 10 A) more firms are dispersing their production processes to global locations. B) the economies of the world’s nation-states are becoming more independent from each other. C) the global economy is headed for a large downward correction. D) the world is becoming poorer. 37) __________ occurs when a firm exports goods or services to consumers in another country. A) International trade B) Foreign direct investment C) Inward investment D) Outsourcing 38) The negotiations in the Uruguay Round of GATT led to A) an easing of lending restrictions for cash-strapped nation-states. B) enhanced protection for patents, trademarks, and copyrights. C) increased trade barriers. D) reduced coverage of services and manufactured goods. 39) __________ predicts that the power of microprocessor technology doubles and its cost of production falls in half every 18 months. A) Keynes’s Law B) Say’s Law C) Moore’s Law D) Sullivan Principle