Exam (elaborations)
C211 Second OA Questions And Answers
- Course
- Institution
C211 Second OA Questions And Answers
[Show more]
Seller
Follow
Content preview
C211 Second OA Questions AndAnswers
The term "emerging economies" has replaced the term _____. - -
correct answer ✅Developing countries
The gross domestic product plus the income from non-resident sources
abroad gives the ____. - - correct answer ✅gross national product
More than 25% of global GDP comes from _____. - - correct answer
✅BRICS countries
Viewing the global economy as a pyramid, the Triad refers to _____. - -
correct answer ✅North America, Western Europe, and Japan
People who earn _____ a year comprise the base of the global
economic pyramid. - - correct answer ✅less than $2,000
Which of the following would be an example of a top down innovation?
- - correct answer ✅Lowering prices and features of existing products
to meet emerging market needs
Which of the following is true of the Group of 20 (G-20)? - - correct
answer ✅It only has 19 member countries.
,C211 Second OA Questions And
Answers
Which of the following does the institution-based view of global
business lay emphasis on? - - correct answer ✅Understanding the laws
and values of the firm's host nation.
The resource-based view of global business differs from the institution-
based view of global business in that the resource-based view _____. - -
correct answer ✅focuses on the internal strengths on the firm
The liability of foreignness is the inherent disadvantage faced by _____.
- - correct answer ✅foreign firms in host nations due to their non-
native status
Which of the following is true of globalization according to the "new
force" perspective? - - correct answer ✅It is a western ideology
focused on exploiting and dominating the world through MNEs
The concept of _____ suggests that barriers to market integration at
borders are high, but not high enough to completely insulate countries
from each other. - - correct answer ✅Semiglobalization
The strategy of treating each country as a unique market and in total
isolation is referred to as _____. - - correct answer ✅Localization
,C211 Second OA Questions And
Answers
MNEs from the Triad dominate the list of the 500 largest MNEs; their
share has been _____. - - correct answer ✅Shrinking
A conversion that determines the equivalent amount of goods and
services that different currencies can buy is known as _____. - - correct
answer ✅purchasing power parity
Which of the following countries would be characterized as an
emerging economy? - - correct answer ✅Brazil
Which of the following countries is represented in the Triad of the
global economic pyramid? - - correct answer ✅Japan
People who earn _____ a year comprise the base of the global
economic pyramid. - - correct answer ✅less than $2,000
A _____ is defined as an innovation that is adopted first in emerging
economies and then diffused around the world. - - correct answer
✅reverse innovation
The _____ view suggests that the success and failure of firms are largely
determined by their environments. - - correct answer ✅institution-
based
, C211 Second OA Questions And
Answers
The _____ view of global business focuses on internal factors that can
help a firm overcome its external environment. - - correct answer
✅resource-based
Which of the following is true of globalization according to the
"pendulum view" perspective? - - correct answer ✅Globalization is a
not a one-directional phenomenon
The concept of _____ suggests that barriers to market integration at
borders are high, but not high enough to completely insulate countries
from each other. - - correct answer ✅semiglobalization
_____ is the strategy of treating the entire world as one market. - -
correct answer ✅Standardization
Protectionism is similar to mercantilism as they both advocated _____. -
- correct answer ✅government involvement in international trade
The _____ principle advocated that governments should actively
protect domestic industries from imports and vigorously promote
exports. - - correct answer ✅Protectionism
Which of the following is a modern trade theory? - - correct answer
✅National competitive advantage
The benefits of buying summaries with Stuvia:
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
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
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 Cindellera. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $14.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
80796 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now