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TESTBANK for Introduction to Global Business: Understanding the International Environment & Global Business Functions (Gasper et al.)
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Course
Fundamentals of nursing (BUS)
Institution
Walden University
Book
Introduction to Global Business: Understanding the International Environment & Global Business Functions
TESTBANK for Introduction to Global Business: Understanding the International Environment & Global Business Functions
Chapter 1: The Rise of Globalization TRUE/F ALSE
1. With business becoming increasingly global, its success, fortunately, depends only on the domestic environment.
ANS: F PTS:...
2. Even though business is global, the credit crisis of 2008, started by an American investment
bank, was limited to the American economy with fortunately no impact on the global
economy.
6. A sustainable decoupling process would eventually lead to a multi-polar world—a world
economy in which the engines of growth could comprise the United States, the European
Union, China, India, Brazil, Russia, and South Africa rather than the United States alone.
8. As part of the World Bank’s Strategic Framework, there are five focus areas that
accommodate and facilitate the globalization process including its analytical and advisory
role supporting national policies to strengthen free market institutions and infrastructure that
has provided the potential for creating large gains from trade.
12. In communist and state-controlled economies like those in Central Asia property rights
either do not exist or are not well defined which discourages domestic and foreign investors
from making long-term commitments in these countries.
14. Because broadband prices have been falling, governments in emerging economies such as
India and South Africa are facilitating the spread of broadband to rural towns and villages to
provide instant access to market information and government programs to remote villagers
which will enable policymakers to maximize the economic potential of remote communities
and make globalization sustainable.
ANS: T PTS: 1 DIF: Difficulty: Moderate
REF: p. 20 OBJ: LO: 01-05 NAT: BUSPROG: Analytic
STA: DISC: Information Technology KEY: Bloom's: Evaluation
15. Critics argue that open trade and foreign direct investment always take jobs from workers in
developing economies and transfer them to workers in advanced industrial countries which
leave the workers in the developing country, out of work.
16. A survey by the World Bank indicates that of the companies surveyed; unfortunately, only
30 percent have board-approved policies on environmental management indicating that
corporate social responsibility practices have become an insignificant factor in determining
where multinational corporations conduct business.
1. Of the following, which is NOT true regarding the credit crisis?
a. It affected farmers in Burkina Faso.
b. It affected miners and steel workers in Ukraine.
c. It affected assemble-line workers in Singapore.
d. It affected white-collar workers at information technology firms in Ireland.
e. It had an impact only on its country of origin- the United States.
ANS: E PTS: 1 DIF: Difficulty: Easy
REF: p. 3 OBJ: LO: 01-01 NAT: BUSPROG: Analytic
STA: DISC: Environmental Influence KEY: Bloom's: Evaluation
2. Brazilian Juice, a manufacturer of healthy fruit juices in Brazil, sells juice in six different
countries including United States. Brazilian juice is engaging in
a. economic development in United States.
b. exercising nontariff barriers in Brazil.
c. unfair trade practices.
d. globalization.
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