Question 1

Most opponents of globalization view globalization as a long-run historical evolution since trade began.

Accepted Answer

A) True 
 B)False

Question 2

Semiglobalization calls for adopting one way of doing business for all conditions.

Accepted Answer

A) True 
 B)False

Question 3

The strategy of treating the entire world as one market is known as localization.

Accepted Answer

A) True 
 B)False

Question 4

The liability of foreignness is the inherent disadvantage faced by _____.

Accepted Answer

A)  domestic firms against other domestic firms that have engaged in global business 
B)  foreign firms in host nations due to their non-native status 
C)  domestic firms from foreign firms setting up in their country 
D)  foreign firms from their home country governments 
A)  domestic firms against other domestic firms that have engaged in global business 
B)  foreign firms in host nations due to their non-native status 
C)  domestic firms from foreign firms setting up in their country 
D)  foreign firms from their home country governments

Question 5

A _____ is defined as an innovation that is adopted first in emerging economies and then diffused around the world.

Accepted Answer

A)  reverse innovation 
B)  reverse-engineered innovation 
C)  top down innovation 
D)  traditional innovation 
A)  reverse innovation 
B)  reverse-engineered innovation 
C)  top down innovation 
D)  traditional innovation

Question 6

An institution-based view suggests that the success and failure of firms are enabled and constrained by business norms of the host nation.

Accepted Answer

A) True 
 B)False

Question 7

The Group of 20 includes the European Union (EU)-a regional bloc.

Accepted Answer

A) True 
 B)False

Question 8

The _____ of globalization suggests that globalization is neither recent nor one-directional.

Accepted Answer

A)  new-force view 
B)  long-run historical view 
C)  pendulum view 
D)  colonial view 
A)  new-force view 
B)  long-run historical view 
C)  pendulum view 
D)  colonial view

Question 9

Majority of the global GDP is contributed by the emerging markets.

Accepted Answer

A) True 
 B)False

Question 10

Elaborate on the three prevalent views of globalization.

Accepted Answer

Depending on what sources you read, glob

Question 11

The global economic pyramid does not represent countries that have a per capita annual income of less than $2,000.

Accepted Answer

A) True 
 B)False

Question 12

Which of the following groups is primarily composed of emerging economies?

Accepted Answer

A)  The Triad 
B)  BRIC 
C)  Group of Eight (G8) 
D)  NAFTA 
A)  The Triad 
B)  BRIC 
C)  Group of Eight (G8) 
D)  NAFTA

Question 13

The _____ view of global business focuses on external factors that affect a firm's performance.

Accepted Answer

A)  resource-based 
B)  asset-based 
C)  capability-based 
D)  institution-based 
A)  resource-based 
B)  asset-based 
C)  capability-based 
D)  institution-based

Question 14

The resource-based view of global business differs from the institution-based view of global business in that the resource-based view _____.

Accepted Answer

A)  postulates the ideology of localization 
B)  supports the ideology of total globalization 
C)  focuses on the internal strengths on the firm 
D)  advocates adopting a single method for achieving globalization 
A)  postulates the ideology of localization 
B)  supports the ideology of total globalization 
C)  focuses on the internal strengths on the firm 
D)  advocates adopting a single method for achieving globalization

Question 15

Emerging markets contribute about 30% of global GDP without adjusting for purchasing power parity (PPP).

Accepted Answer

A) True 
 B)False

Question 16

A conversion that determines the equivalent amount of goods and services that different currencies can buy is known as _____.

Accepted Answer

A)  purchasing power parity 
B)  foreign exchange rate 
C)  country's deficit 
D)  gross domestic product 
A)  purchasing power parity 
B)  foreign exchange rate 
C)  country's deficit 
D)  gross domestic product

Question 17

Explain the role of nongovernmental organizations (NGOs) in globalization.

Accepted Answer

Many of the opponents of globalization a

Question 18

Which of the following is true of globalization according to the "new force" perspective?

Accepted Answer

A)  It is a process of trade integration that has both advantages and disadvantages. 
B)  It is a phenomenon that is technologically out of sync. 
C)  It is a historical aspect of human trade. 
D)  It is a western ideology focused on exploiting and dominating the world through MNEs. 
A)  It is a process of trade integration that has both advantages and disadvantages. 
B)  It is a phenomenon that is technologically out of sync. 
C)  It is a historical aspect of human trade. 
D)  It is a western ideology focused on exploiting and dominating the world through MNEs.

Question 19

According to the pendulum view of globalization,globalization is a relatively new phenomenon triggered by the information revolution of early 1990s.

Accepted Answer

A) True 
 B)False

Question 20

Explain the pendulum view of globalization.

Accepted Answer

The pendulum view probably makes the mos

Most opponents of globalization view globalization as a long-run historical evolution since trade began.

Semiglobalization calls for adopting one way of doing business for all conditions.

The strategy of treating the entire world as one market is known as localization.

The liability of foreignness is the inherent disadvantage faced by _____.

A _____ is defined as an innovation that is adopted first in emerging economies and then diffused around the world.

An institution-based view suggests that the success and failure of firms are enabled and constrained by business norms of the host nation.

The Group of 20 includes the European Union (EU)-a regional bloc.

The _____ of globalization suggests that globalization is neither recent nor one-directional.

Majority of the global GDP is contributed by the emerging markets.

Elaborate on the three prevalent views of globalization.

The global economic pyramid does not represent countries that have a per capita annual income of less than $2,000.

Which of the following groups is primarily composed of emerging economies?

The _____ view of global business focuses on external factors that affect a firm's performance.

The resource-based view of global business differs from the institution-based view of global business in that the resource-based view _____.

Emerging markets contribute about 30% of global GDP without adjusting for purchasing power parity (PPP).

A conversion that determines the equivalent amount of goods and services that different currencies can buy is known as _____.

Explain the role of nongovernmental organizations (NGOs) in globalization.

Which of the following is true of globalization according to the "new force" perspective?

According to the pendulum view of globalization,globalization is a relatively new phenomenon triggered by the information revolution of early 1990s.

Explain the pendulum view of globalization.

Understanding Formal Institutions: Politics, laws, and Economics

Emphasizing Informal Institutions: Cultures, ethics, and Norms

Leveraging Resources and Capabilities

Trading Internationally

Investing Abroad Directly

Dealing With Foreign Exchange

Capitalizing on Global and Regional Integration

Growing and Internationalizing the Entrepreneurial Firm

Entering Foreign Markets

Managing Global Competitive Dynamics

Making Alliances and Acquisitions Work

Strategizing,structuring,and Learning Around the World

Competing on Marketing and Supply Chain Management

Managing Human Resources Globally

Financing and Governing the Corporation Globally

Managing Corporate Social Responsibility Globally

Filters

Exam 1: Globalizing Business

Most opponents of globalization view globalization as a long-run historical evolution since trade began.

Semiglobalization calls for adopting one way of doing business for all conditions.

The strategy of treating the entire world as one market is known as localization.

The liability of foreignness is the inherent disadvantage faced by _____.

A _____ is defined as an innovation that is adopted first in emerging economies and then diffused around the world.

An institution-based view suggests that the success and failure of firms are enabled and constrained by business norms of the host nation.

The Group of 20 includes the European Union (EU)-a regional bloc.

The _____ of globalization suggests that globalization is neither recent nor one-directional.

Majority of the global GDP is contributed by the emerging markets.

Elaborate on the three prevalent views of globalization.

The global economic pyramid does not represent countries that have a per capita annual income of less than $2,000.

Which of the following groups is primarily composed of emerging economies?

The _____ view of global business focuses on external factors that affect a firm's performance.

The resource-based view of global business differs from the institution-based view of global business in that the resource-based view _____.

Emerging markets contribute about 30% of global GDP without adjusting for purchasing power parity (PPP).

A conversion that determines the equivalent amount of goods and services that different currencies can buy is known as _____.

Explain the role of nongovernmental organizations (NGOs) in globalization.

Which of the following is true of globalization according to the "new force" perspective?

According to the pendulum view of globalization,globalization is a relatively new phenomenon triggered by the information revolution of early 1990s.

Explain the pendulum view of globalization.

Understanding Formal Institutions: Politics, laws, and Economics

Emphasizing Informal Institutions: Cultures, ethics, and Norms

Leveraging Resources and Capabilities

Trading Internationally

Investing Abroad Directly

Dealing With Foreign Exchange

Capitalizing on Global and Regional Integration

Growing and Internationalizing the Entrepreneurial Firm

Entering Foreign Markets

Managing Global Competitive Dynamics

Making Alliances and Acquisitions Work

Strategizing,structuring,and Learning Around the World

Competing on Marketing and Supply Chain Management

Managing Human Resources Globally

Financing and Governing the Corporation Globally

Managing Corporate Social Responsibility Globally

Filters