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Test Bank for International Business: Competing in the Global Marketplace 11 edition All Chapters Covered A+
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Test Bank for International Business Competing in the Global Marketplace
11th Edition by Charles W.L. Hill & G. Tomas M. Hult A+
Chapter 01 Globalization
True / False Questions
1. A company does not need a large size to facilitate, and benefit from, the globalization of
markets.
True False
2. Companies hope to lower their overall cost structure or improve the quality or
functionality of their product offering through globalization of production.
True False
3. The most global markets currently are markets for consumer products.
True False
4. Outsourcing is a process that is limited to manufacturing enterprises.
True False
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5. The World Bank has focused on policing the world trading system and making sure
nation-states adhere to the rules laid down in trade treaties.
True False
6. The World Bank is known as the lender of the last resort.
True False
7. One of the UN's central mandates is the promotion of higher standards of living, full
employment, and conditions of economic and social progress and development.
True False
8. The Uruguay Round, finalized in December 1993, reduced protection for patents,
trademarks, and copyrights.
True False
9. "Beggar thy neighbor" retaliatory trade policies involved countries progressively
lowering trade barriers against each other, which contributed to the Great Depression of the
1930s.
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True False
10. Rivers Inc., a U.S. based sports apparel manufacturer, sets up a production unit in China
to take advantage of the lower labor costs there. This is an example of foreign direct investment.
True False
11. World Bank gives an aid of 100 million dollars to Kenya for creating rural health care
facilities. This is an example of foreign direct investment.
True False
12. The lowering of barriers to international trade enables firms to view the world, rather
than a single country, as their market.
True False
13. According to WTO data, the volume of world merchandise trade has grown faster than
the world economy since 1950.
True False
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14. The cost of microprocessors continues to fall, while their power increases. This statement
supports the predictions made by Moore's Law.
True False
15. Non-U.S. firms increasingly began to invest across national borders because they wanted
to disperse production activities to optimal locations and to build a direct presence in major
foreign markets.
True False
16. A current trend in international business is the decline of medium-sized and small
multinationals, known as mini-multinationals.
True False
17. The globalization of the world economy has resulted in a relative increase in the
dominance of U.S. firms in the global marketplace.
True False
18. Doing business in Russia involves risks because the country has shown signs of shifting
back toward greater state involvement in economic activity and authoritarian government.
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