Exam (elaborations)
TEST BANK For International Business Competing in the Global Marketplace, 14th Edition By Charles Hill. 2024
TEST BANK For International Business Competing in the Global Marketplace, 14th Edition By Charles Hill. 2024
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, Chapter 01 3i 3iGlobalization
True / False Questions
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1. A company does not need a large size to facilitate, and benefit from, the globalization of
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markets.
3i
True False
2. Companies hope to lower their overall cost structure or improve the quality or
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functionality of their product offering through globalization of production.
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True False
3. The most global markets currently are markets for consumer products.
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True False
4. Outsourcing is a process that is limited to manufacturing enterprises.
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True False
5. The World Bank has focused on policing the world trading system and making sure
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nation-states adhere to the rules laid down in trade treaties.
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True False
6. The World Bank is known as the lender of the last resort.
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True False
7. One of the UN's central mandates is the promotion of higher standards of living, full
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employment, and conditions of economic and social progress and development.
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True False
8. The Uruguay Round, finalized in December 1993, reduced protection for patents,
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trademarks, and copyrights.
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True False
9. "Beggar thy neighbor" retaliatory trade policies involved countries progressively loweri
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ng trade barriers against each other, which contributed to the Great Depression of the 1
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930s.
,10. Rivers Inc., a U.S. based sports apparel manufacturer, sets up a production unit in China
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ito take advantage of the lower labor costs there. This is an example of foreign direct in
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vestment.
True False
11. World Bank gives an aid of 100 million dollars to Kenya for creating rural health care
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ifacilities. This is an example of foreign direct investment.
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True False
12. The lowering of barriers to international trade enables firms to view the world, rather
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ithan a single country, as their market.
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True False
13. According to WTO data, the volume of world merchandise trade has grown faster than
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ithe world economy since 1950.
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True False
14. The cost of microprocessors continues to fall, while their power increases. This
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3istatement supports the predictions made by Moore's Law.
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True False
15. Non-
U.S. firms increasingly began to invest across national borders because they wanted to di
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sperse production activities to optimal locations and to build a direct presence in major f
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oreign markets. 3i
True False
16. A current trend in international business is the decline of medium-
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sized and small multinationals, known as mini-multinationals.
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True False
17. The globalization of the world economy has resulted in a relative increase in the
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3idominance of U.S. firms in the global marketplace. 3i 3i 3i 3i 3i 3i 3i
True False
18. Doing business in Russia involves risks because the country has shown signs of shiftin
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g back toward greater state involvement in economic activity and authoritarian govern
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ment.
True False
19. Globalization critics argue that the decline in unskilled wage rates is due to the migration
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3iof low- 3i
wage manufacturing jobs offshore and a corresponding reduction in demand for unskilled
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, workers.
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