Question 1

According to the text, business students may tend to focus more on the economic gains of globalization, and be less concerned with its darker sides.

Accepted Answer

A) True 
 B)False  True

Question 2

The word _______has now become the most famous Chinese business word to appear in English-language media.
a. Keiretsu
b. Guanxi
c. Chaebol
d. Blat
e. None of the above.

Accepted Answer

Guanxi

Question 3

As you examine the current political, social, and economic environment of your country and the world as of the moment you are reading the text, what is your estimate of the extent to which globalization will increase or decrease in the short run? In the long run?

Accepted Answer

The response is likely to be specific to the national and cultural background of the student and the major news events at the time the student is taking the course. The text has shown that there is a pendulum that tends to swing back and forth in regards to the acceptance or resistance of globalization but the long run trend appears to be moving toward greater globalization. However, the future is not always like the past and even long-term trends can be reversed. As a result, some students may have reasons why they feel that there will be increasing barriers to globalization in the future. Whatever the response, this question is one in which the answer is not as important as the thought process that goes into it.

Question 4

According to the text, today's most successful MNEs far exceed the historical clout of some MNEs such as Britain's East India Company during colonial times.

Accepted Answer

A) True 
 B)False

Question 5

A lot of opponents of globalization are nongovernmental organizations (NGOs), such as environmentalists and consumer groups.

Accepted Answer

A) True 
 B)False

Question 6

At the dawn of the 21st century, __________ had significant ramifications for companies and strategists around the world.
a. Antiglobalization protests
b. Terrorist attacks
c. Corporate governance crisis
d. All of the above
e. None of the above

Accepted Answer

The answer of At the dawn of the 21st century,...

Question 7

The opening case is an example of how the publishing industry now requires a simultaneous penetration of all markets rather than trying to win one market after another.

Accepted Answer

A) True 
 B)False

Question 8

Why is there a backlash against globalization, and how do aspects of that backlash actually enhance globalization?

Accepted Answer

As the text points out, many incorrectly

Question 9

The text points out that not all firms should go global. In view of the vast opportunities, why should some firms not pursue international business?

Accepted Answer

Many will point out that success in one

Question 10

As illustrated by Cengage Learning's penetration of the China market with Global Strategy (opening case), the idea that firms must "think global and act local" simultaneously is simply not possible.

Accepted Answer

A) True 
 B)False

Question 11

Which of the following were the first to express concern about international competition from low-cost countries?
a. American political leaders in the twenty first century.
b. Union leaders in the last half of the twentieth century.
c. American business leaders in the late 1800s.
d. The King of England in the late 1700s.
e. A first century Roman emperor.

Accepted Answer

A first ce

Question 12

As shown in the closing case, the informal rules of the game:
a. Must be avoided because global business is not a mere game.
b. Are not applicable in cultures in which tend to be very formal.
c. Often require that the firm seek to change the informal rules instead of going along with those rules.
d. Need to be understood by firms.
e. Are being replaced by formal rules.

Accepted Answer

Need to be

Question 13

Which of the following best defines "Triad" as the term is used in the text?
a. The U.S., Japan, and Germany.
b. The U.S., Canada, and Mexico.
c. North America, Europe, and Japan.
d. North America, Europe, and Asia.
e. The U.S. dollar, the Euro, and the Yen.

Accepted Answer

North Amer

Question 14

In the opening case, the formal rules in China stated that foreign companies could not publish books on their own.

Accepted Answer

A) True 
 B)False

Question 15

Globalization is viewed as:
a. A new force sweeping through the world in recent times.
b. A long-run historical evolution since the dawn of human history.
c. A pendulum that swings from one extreme to another from time to time.
d. All of the above.
e. None of the above.

Accepted Answer

The answer of Globalization is viewed as:
a. A new force...

Question 16

Which of the following best describes foreign direct investment (FDI)?
a. A firm's direct investment in production and/or service activities abroad.
b. The purchases of foreign securities by people within the U.S.
c. The purchases of U. S. securities by people from other countries.
d. Avoidance of brokers or other financial intermediaries when making foreign investments.
e. B and C above.

Accepted Answer

A firm's direct inve

Question 17

Multinational enterprises (MNEs) are firms that:
a. Engage in foreign direct investment (FDI).
b. Directly control value-adding activities in other countries.
c. Manage value-adding activities in other countries.
d. All of the above.
e. None of the above.

Accepted Answer

The answer of Multinational enterprises (MNEs) are firms that:
a. Engage...

Question 18

Beginning in the late 1990s and early twenty first century, a corporate governance crisis has developed.

Accepted Answer

A) True 
 B)False

Question 19

Overall, strategy is:
a. A rulebook.
b. A blueprint.
c. A set of programmed instructions.
d. All of the above.
e. None of the above.

Accepted Answer

The answer of Overall, strategy is:
a. A rulebook.
b. A blueprint.
c....

Question 20

Diversification:
a. Was acclaimed in the West during the 1960s and 1970s but was discredited twenty years later.
b. Is believed by Western media to destroy value in emerging economies.
c. Has resulted in higher profitability for some in emerging economies than independent firms.
d. In emerging economies may be a function of the level of institutional (under) development.
e. All of the above.

Accepted Answer

The answer of Diversification:
a. Was acclaimed in the West during...

According to the text, business students may tend to focus more on the economic gains of globalization, and be less concerned with its darker sides.

The word _______has now become the most famous Chinese business word to appear in English-language media. a. Keiretsu b. Guanxi c. Chaebol d. Blat e. None of the above.

As you examine the current political, social, and economic environment of your country and the world as of the moment you are reading the text, what is your estimate of the extent to which globalization will increase or decrease in the short run? In the long run?

According to the text, today's most successful MNEs far exceed the historical clout of some MNEs such as Britain's East India Company during colonial times.

A lot of opponents of globalization are nongovernmental organizations (NGOs), such as environmentalists and consumer groups.

At the dawn of the 21st century, __________ had significant ramifications for companies and strategists around the world. a. Antiglobalization protests b. Terrorist attacks c. Corporate governance crisis d. All of the above e. None of the above

The opening case is an example of how the publishing industry now requires a simultaneous penetration of all markets rather than trying to win one market after another.

Why is there a backlash against globalization, and how do aspects of that backlash actually enhance globalization?

The text points out that not all firms should go global. In view of the vast opportunities, why should some firms not pursue international business?

As illustrated by Cengage Learning's penetration of the China market with Global Strategy (opening case), the idea that firms must "think global and act local" simultaneously is simply not possible.

Which of the following best defines "Triad" as the term is used in the text? a. The U.S., Japan, and Germany. b. The U.S., Canada, and Mexico. c. North America, Europe, and Japan. d. North America, Europe, and Asia. e. The U.S. dollar, the Euro, and the Yen.

In the opening case, the formal rules in China stated that foreign companies could not publish books on their own.

Globalization is viewed as: a. A new force sweeping through the world in recent times. b. A long-run historical evolution since the dawn of human history. c. A pendulum that swings from one extreme to another from time to time. d. All of the above. e. None of the above.

Multinational enterprises (MNEs) are firms that: a. Engage in foreign direct investment (FDI). b. Directly control value-adding activities in other countries. c. Manage value-adding activities in other countries. d. All of the above. e. None of the above.

Beginning in the late 1990s and early twenty first century, a corporate governance crisis has developed.

Overall, strategy is: a. A rulebook. b. A blueprint. c. A set of programmed instructions. d. All of the above. e. None of the above.

Industry Competition

Resources and Capabilities

Institutions, Cultures, and Ethics

Foreign Market Entries

The Entrepreneurial Firm

Strategic Alliances and Networks

Global Competitive Dynamics

Diversification and Acquisitions

Corporate Governance

Corporate Social Responsibility

Filters

Exam 1: Strategy Around the Globe

According to the text, business students may tend to focus more on the economic gains of globalization, and be less concerned with its darker sides.

The word _______has now become the most famous Chinese business word to appear in English-language media. a. Keiretsu b. Guanxi c. Chaebol d. Blat e. None of the above.

As you examine the current political, social, and economic environment of your country and the world as of the moment you are reading the text, what is your estimate of the extent to which globalization will increase or decrease in the short run? In the long run?

According to the text, today's most successful MNEs far exceed the historical clout of some MNEs such as Britain's East India Company during colonial times.

A lot of opponents of globalization are nongovernmental organizations (NGOs), such as environmentalists and consumer groups.

At the dawn of the 21st century, __________ had significant ramifications for companies and strategists around the world. a. Antiglobalization protests b. Terrorist attacks c. Corporate governance crisis d. All of the above e. None of the above

The opening case is an example of how the publishing industry now requires a simultaneous penetration of all markets rather than trying to win one market after another.

Why is there a backlash against globalization, and how do aspects of that backlash actually enhance globalization?

The text points out that not all firms should go global. In view of the vast opportunities, why should some firms not pursue international business?

As illustrated by Cengage Learning's penetration of the China market with Global Strategy (opening case), the idea that firms must "think global and act local" simultaneously is simply not possible.

Which of the following best defines "Triad" as the term is used in the text? a. The U.S., Japan, and Germany. b. The U.S., Canada, and Mexico. c. North America, Europe, and Japan. d. North America, Europe, and Asia. e. The U.S. dollar, the Euro, and the Yen.

In the opening case, the formal rules in China stated that foreign companies could not publish books on their own.

Globalization is viewed as: a. A new force sweeping through the world in recent times. b. A long-run historical evolution since the dawn of human history. c. A pendulum that swings from one extreme to another from time to time. d. All of the above. e. None of the above.

Multinational enterprises (MNEs) are firms that: a. Engage in foreign direct investment (FDI). b. Directly control value-adding activities in other countries. c. Manage value-adding activities in other countries. d. All of the above. e. None of the above.

Beginning in the late 1990s and early twenty first century, a corporate governance crisis has developed.

Overall, strategy is: a. A rulebook. b. A blueprint. c. A set of programmed instructions. d. All of the above. e. None of the above.

Industry Competition

Resources and Capabilities

Institutions, Cultures, and Ethics

Foreign Market Entries

The Entrepreneurial Firm

Strategic Alliances and Networks

Global Competitive Dynamics

Diversification and Acquisitions

Corporate Governance

Corporate Social Responsibility

Filters