Exam 1: Globalizing Business

After WWII,major Western nations committed to global trade and investment.Between the 1950s and 1970s most non-western countries followed suit by adopting the view of a globalized world economy.

Which of the following statements is true of purchasing power parity (PPP)?

Ashestate Inc.recently set up a risk management department.What is a task the risk management department is likely taking on?

Which of the following statements is true of the base of the pyramid?

According to the pendulum view on globalization,_____ existed for more than two millennia,with earliest traces discovered in Phoenician,Assyrian,and Roman times.

Which of the following statements is true of foreign direct investment?

Which of the following statements is true of institutions?

The global economy may be viewed as a pyramid.The growing number of opportunities at the base of the pyramid highlights the role this bottom tier will play in the years to come.How would an individual take advantage of this often-ignored level if he or she was occupying a top management position at a prominent MNE?

More than 25 percent of global gross domestic product (on a PPP basis)in recent years comes from _____.

Which of the following statements is true of the rapid globalization in the 1990s and the 2000s?

Semiglobalization suggests that barriers to market integration at borders are high,but not high enough to insulate countries from each other completely.