Question 1

Discuss the effect of globalization on national culture.

Accepted Answer

Globalization exerts strong pressures on

Question 2

Nationalization refers to the gradual integration and growing interdependence of national economies.

Accepted Answer

A) True 
 B)False

Question 3

Environmental destruction diminishes as economies develop, at least in the long run.

Accepted Answer

A) True 
 B)False

Question 4

Large multinationals are not constrained by market forces because they can exert considerable influence on governments through lobbying.

Accepted Answer

A) True 
 B)False

Question 5

Technological leapfrogging is defined as ________.

Accepted Answer

A) adopting new technology late in the hype cycle 
B) adopting new technology as soon as it is released 
C) bypassing certain stages of technology to come up with a radical innovation when upgrading to new products 
D) boosting demand artificially by postponing the sale of new technology in the market 
A) adopting new technology late in the hype cycle 
B) adopting new technology as soon as it is released 
C) bypassing certain stages of technology to come up with a radical innovation when upgrading to new products 
D) boosting demand artificially by postponing the sale of new technology in the market

Question 6

Which of the following most likely supports Rina's argument over Juan's concerning wages and working conditions in developing countries?

Accepted Answer

A) Most African countries today still suffer from low or negative GDP growth. 
B) Vietnam has experienced a five-fold increase in wages as a result of the growth of the footwear industry there. 
C) The move of Electrolux to Mexico cost Michigan 2,700 jobs. 
D) Minimum wages should be established at set levels, regardless of the impact on the number of jobs. 
A) Most African countries today still suffer from low or negative GDP growth. 
B) Vietnam has experienced a five-fold increase in wages as a result of the growth of the footwear industry there. 
C) The move of Electrolux to Mexico cost Michigan 2,700 jobs. 
D) Minimum wages should be established at set levels, regardless of the impact on the number of jobs.

Question 7

Firms expand abroad mainly as a reaction to market globalization.

Accepted Answer

A) True 
 B)False

Question 8

Reduction in trade barriers is associated with the emergence of ________.

Accepted Answer

A) fragmentary monetary and fiscal policies across the borders 
B) regional economic integration blocs 
C) widespread violation of intellectual property rights law 
D) violation of GATT provisions 
A) fragmentary monetary and fiscal policies across the borders 
B) regional economic integration blocs 
C) widespread violation of intellectual property rights law 
D) violation of GATT provisions

Question 9

Which of the following drivers of market globalization is Lavonne's research most likely to recognize as the factor responsible for the company's expansion to Japan?

Accepted Answer

A) integration of world financial markets 
B) the highly conservative nature of the Japanese economy 
C) the rise of monopoly markets in Japan 
D) reduction of barriers to investment 
A) integration of world financial markets 
B) the highly conservative nature of the Japanese economy 
C) the rise of monopoly markets in Japan 
D) reduction of barriers to investment

Question 10

Describe the fourth phase of globalization. What is contagion?

Accepted Answer

The fourth phase of globalization began

Question 11

The globalization of finance ________.

Accepted Answer

A) enables companies to minimize offshoring 
B) contributes to firms' abilities to develop and operate world-scale production and marketing 
C) discourages innovation 
D) discourages free international exchange of goods and services 
A) enables companies to minimize offshoring 
B) contributes to firms' abilities to develop and operate world-scale production and marketing 
C) discourages innovation 
D) discourages free international exchange of goods and services

Question 12

Firms often internationalize proactively, in order to pursue new markets, find lower-cost inputs, or obtain other advantages.

Accepted Answer

A) True 
 B)False

Question 13

Offshoring and the flight of jobs are prime drivers of market globalization.

Accepted Answer

A) True 
 B)False

Question 14

The representative from Business A is most likely from ________.

Accepted Answer

A) China 
B) United Kingdom 
C) Mexico 
D) Brazil 
A) China 
B) United Kingdom 
C) Mexico 
D) Brazil

Question 15

The first wave of offshoring began in the 1990s with the exodus of service-sector jobs in credit card processing, software code writing, accounting, health care, and banking services.

Accepted Answer

A) True 
 B)False

Question 16

Regional economic integration blocs ________.

Accepted Answer

A) reduce trade and investment barriers 
B) reduce private investments 
C) adopt a hostile stance toward the private sector 
D) hinder the cross-border flow of factors of production 
A) reduce trade and investment barriers 
B) reduce private investments 
C) adopt a hostile stance toward the private sector 
D) hinder the cross-border flow of factors of production

Question 17

In a short essay, identify the four areas in which technological advances had their greatest impact on business. Describe the impact of each area on business today.

Accepted Answer

Perhaps the most important driver of mar

Question 18

Which of the following would be most important for the consulting group to consider when deciding whether to recommend that Acme internationalize its sales efforts to Germany?

Accepted Answer

A) Will Acme save money on advertising by targeting small rather than large companies? 
B) How intense is the competition from German companies offering similar products? 
C) What type of training is received by programmers in software firms abroad? 
D) Is employee empowerment culturally favored in Germany? 
A) Will Acme save money on advertising by targeting small rather than large companies? 
B) How intense is the competition from German companies offering similar products? 
C) What type of training is received by programmers in software firms abroad? 
D) Is employee empowerment culturally favored in Germany?

Question 19

While a degree of cultural imperialism may be at work, it is offset by the countertrend of ________.

Accepted Answer

A) offshoring 
B) McDonaldization 
C) privatization 
D) local nationalism 
A) offshoring 
B) McDonaldization 
C) privatization 
D) local nationalism

Question 20

In a short essay, explain the concept of sovereignty. How does globalization affect sovereignty?

Accepted Answer

Sovereignty is defined as the ability of

Discuss the effect of globalization on national culture.

Nationalization refers to the gradual integration and growing interdependence of national economies.

Environmental destruction diminishes as economies develop, at least in the long run.

Large multinationals are not constrained by market forces because they can exert considerable influence on governments through lobbying.

Technological leapfrogging is defined as ________.

Which of the following most likely supports Rina's argument over Juan's concerning wages and working conditions in developing countries?

Firms expand abroad mainly as a reaction to market globalization.

Reduction in trade barriers is associated with the emergence of ________.

Which of the following drivers of market globalization is Lavonne's research most likely to recognize as the factor responsible for the company's expansion to Japan?

Describe the fourth phase of globalization. What is contagion?

The globalization of finance ________.

Firms often internationalize proactively, in order to pursue new markets, find lower-cost inputs, or obtain other advantages.

Offshoring and the flight of jobs are prime drivers of market globalization.

The representative from Business A is most likely from ________.

The first wave of offshoring began in the 1990s with the exodus of service-sector jobs in credit card processing, software code writing, accounting, health care, and banking services.

Regional economic integration blocs ________.

In a short essay, identify the four areas in which technological advances had their greatest impact on business. Describe the impact of each area on business today.

Which of the following would be most important for the consulting group to consider when deciding whether to recommend that Acme internationalize its sales efforts to Germany?

While a degree of cultural imperialism may be at work, it is offset by the countertrend of ________.

In a short essay, explain the concept of sovereignty. How does globalization affect sovereignty?

Introduction: What Is International Business

The Cultural Environment of International Business

Ethics, Corporate Social Responsibility, Sustainability and Corporate Governance

Theories of International Trade and Investment

Political and Legal Systems in National Environments

Government Intervention and Regional Economic Integration

Understanding Emerging Markets

The International Monetary and Financial Environment

Financial Management and Accounting in the Global Firm

Strategy and Organization in the International Firm

Global Market Opportunity Assessment

Exporting and Global Sourcing

Foreign Direct Investment and Collaborative Ventures

Licensing, Franchising, and Other Contractual Strategies

Marketing in the Global Firm

Human Resource Management in the Global Firm

Filters

Exam 2: Globalization of Markets and the Internationalization of the Firm

Discuss the effect of globalization on national culture.

Nationalization refers to the gradual integration and growing interdependence of national economies.

Environmental destruction diminishes as economies develop, at least in the long run.

Large multinationals are not constrained by market forces because they can exert considerable influence on governments through lobbying.

Technological leapfrogging is defined as ________.

Which of the following most likely supports Rina's argument over Juan's concerning wages and working conditions in developing countries?

Firms expand abroad mainly as a reaction to market globalization.

Reduction in trade barriers is associated with the emergence of ________.

Which of the following drivers of market globalization is Lavonne's research most likely to recognize as the factor responsible for the company's expansion to Japan?

Describe the fourth phase of globalization. What is contagion?

The globalization of finance ________.

Firms often internationalize proactively, in order to pursue new markets, find lower-cost inputs, or obtain other advantages.

Offshoring and the flight of jobs are prime drivers of market globalization.

The representative from Business A is most likely from ________.

The first wave of offshoring began in the 1990s with the exodus of service-sector jobs in credit card processing, software code writing, accounting, health care, and banking services.

Regional economic integration blocs ________.

In a short essay, identify the four areas in which technological advances had their greatest impact on business. Describe the impact of each area on business today.

Which of the following would be most important for the consulting group to consider when deciding whether to recommend that Acme internationalize its sales efforts to Germany?

While a degree of cultural imperialism may be at work, it is offset by the countertrend of ________.

In a short essay, explain the concept of sovereignty. How does globalization affect sovereignty?

Introduction: What Is International Business

The Cultural Environment of International Business

Ethics, Corporate Social Responsibility, Sustainability and Corporate Governance

Theories of International Trade and Investment

Political and Legal Systems in National Environments

Government Intervention and Regional Economic Integration

Understanding Emerging Markets

The International Monetary and Financial Environment

Financial Management and Accounting in the Global Firm

Strategy and Organization in the International Firm

Global Market Opportunity Assessment

Exporting and Global Sourcing

Foreign Direct Investment and Collaborative Ventures

Licensing, Franchising, and Other Contractual Strategies

Marketing in the Global Firm

Human Resource Management in the Global Firm

Filters