100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Global Business 3rd Edition Mike Peng - Test Bank $30.74   Add to cart

Exam (elaborations)

Global Business 3rd Edition Mike Peng - Test Bank

 2 views  0 purchase
  • Course
  • Institution

Test Bank For Global Business 3rd Edition Mike Peng Complete Test Bank

Preview 4 out of 237  pages

  • October 17, 2023
  • 237
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers
avatar-seller
,Chapter 1—Globalizing Business


TRUE/FALSE

1. A multinational enterprise is a firm that engages in foreign direct investment by directly managing
value-added activities in other countries.

ANS: T PTS: 1 DIF: Difficulty: Easy
REF: p. 4 OBJ: LO: 1-1 NAT: BUSPROG: Analytic
KEY: Bloom's: Knowledge

2. The term “emerging markets” refers to all markets other than the developed markets.

ANS: T PTS: 1 DIF: Difficulty: Easy
REF: p. 5 OBJ: LO: 1-1 NAT: BUSPROG: Analytic
KEY: Bloom's: Knowledge

3. Gross domestic product (GDP) is the sum of value added by resident firms, households, and
governments operating in an economy.

ANS: T PTS: 1 DIF: Difficulty: Moderate
REF: p. 5 OBJ: LO: 1-1 NAT: BUSPROG: Analytic
KEY: Bloom's: Knowledge

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

ANS: F PTS: 1 DIF: Difficulty: Easy
REF: p. 5 OBJ: LO: 1-1 NAT: BUSPROG: Analytic
KEY: Bloom's: Knowledge

5. Purchasing power parity (PPP) is a conversion that determines the equivalent amount of goods and
services different currencies can purchase.

ANS: T PTS: 1 DIF: Difficulty: Easy
REF: p. 5 OBJ: LO: 1-1 NAT: BUSPROG: Analytic
KEY: Bloom's: Knowledge

6. Purchasing power parity (PPP) is calculated as the sum of value added by resident firms, households,
and governments operating in an economy.

ANS: F PTS: 1 DIF: Difficulty: Easy
REF: p. 5 OBJ: LO: 1-1 NAT: BUSPROG: Analytic
KEY: Bloom's: Knowledge

7. Emerging markets contribute about 26% of global GDP without adjusting for purchasing power parity
(PPP).

ANS: T PTS: 1 DIF: Difficulty: Easy
REF: p. 7 OBJ: LO: 1-1 NAT: BUSPROG: Analytic
KEY: Bloom's: Knowledge

8. More than half the GDP produced by emerging markets comes from outside the BRIC countries.

, ANS: F PTS: 1 DIF: Difficulty: Easy
REF: p. 7 OBJ: LO: 1-1 NAT: BUSPROG: Analytic
KEY: Bloom's: Knowledge

9. On the global economic pyramid, the Triad refers to developed economies consisting of North
America, Western Europe, and Japan.

ANS: T PTS: 1 DIF: Difficulty: Easy
REF: p. 9 OBJ: LO: 1-1 NAT: BUSPROG: Analytic
KEY: Bloom's: Knowledge

10. All the countries of the BRIC belong to the top tier of the global economic pyramid.

ANS: F PTS: 1 DIF: Difficulty: Easy
REF: p. 9 OBJ: LO: 1-1 NAT: BUSPROG: Analytic
KEY: Bloom's: Knowledge

11. The second tier of the global economic pyramid is made up of countries with a per capita annual
income of more than $20,000.

ANS: F PTS: 1 DIF: Difficulty: Easy
REF: p. 9 OBJ: LO: 1-1 NAT: BUSPROG: Analytic
KEY: Bloom's: Knowledge

12. The emerging markets of the world are placed at the top of the global economic pyramid.

ANS: F PTS: 1 DIF: Difficulty: Easy
REF: p. 9 OBJ: LO: 1-1 NAT: BUSPROG: Analytic
KEY: Bloom's: Knowledge

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

ANS: F PTS: 1 DIF: Difficulty: Easy
REF: p. 9 OBJ: LO: 1-1 NAT: BUSPROG: Analytic
KEY: Bloom's: Knowledge

14. The term "base of the pyramid" represents economies where individuals make less than $2,000 a year.

ANS: T PTS: 1 DIF: Difficulty: Easy
REF: p. 9 OBJ: LO: 1-1 NAT: BUSPROG: Analytic
KEY: Bloom's: Knowledge

15. Reverse innovations are innovations that are adopted first in the Triad-based multinationals and then
diffused around the world.

ANS: F PTS: 1 DIF: Difficulty: Moderate
REF: p. 9 OBJ: LO: 1-1 NAT: BUSPROG: Analytic
KEY: Bloom's: Knowledge

16. Reverse innovation is an example of bottom up innovation.

ANS: T PTS: 1 DIF: Difficulty: Moderate

, REF: p. 10 OBJ: LO: 1-1 NAT: BUSPROG: Analytic
KEY: Bloom's: Knowledge

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

ANS: T PTS: 1 DIF: Difficulty: Easy
REF: p. 11 OBJ: LO: 1-2 NAT: BUSPROG: Analytic
KEY: Bloom's: Knowledge

18. Globalization has driven up the salaries of low-level jobs.

ANS: F PTS: 1 DIF: Difficulty: Moderate
REF: p. 12 OBJ: LO: 1-2 NAT: BUSPROG: Analytic
KEY: Bloom's: Comprehension

19. An international premium is a significant pay raise awarded to expatriate employees working abroad.

ANS: T PTS: 1 DIF: Difficulty: Easy
REF: p. 12 OBJ: LO: 1-2 NAT: BUSPROG: Analytic
KEY: Bloom's: Knowledge

20. Approximately 80 million people worldwide are employed by foreign-owned firms.

ANS: T PTS: 1 DIF: Difficulty: Easy
REF: p. 13 OBJ: LO: 1-2 NAT: BUSPROG: Analytic
KEY: Bloom's: Knowledge

21. Overall, the focus on firm performance around the globe defines the field of global business more than
anything else.

ANS: T PTS: 1 DIF: Difficulty: Easy
REF: p. 15 OBJ: LO: 1-3 NAT: BUSPROG: Analytic
KEY: Bloom's: Knowledge

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

ANS: T PTS: 1 DIF: Difficulty: Moderate
REF: p. 15 OBJ: LO: 1-3 NAT: BUSPROG: Analytic
KEY: Bloom's: Comprehension

23. Formal institutions include laws, regulations, and rules.

ANS: T PTS: 1 DIF: Difficulty: Easy
REF: p. 15 OBJ: LO: 1-3 NAT: BUSPROG: Analytic
KEY: Bloom's: Knowledge

24. The institution-based view places emphasis on the external factors that could affect a firm.

ANS: T PTS: 1 DIF: Difficulty: Moderate
REF: p. 16 OBJ: LO: 1-3 NAT: BUSPROG: Analytic
KEY: Bloom's: Knowledge

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller ExamsExpert. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $30.74. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

84197 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$30.74
  • (0)
  Add to cart