Test bank
Book Name: Global Business Today
Edition Number: 6th Edition Canadian edition
Author Name:By Charles W. L. Hill, G. Tomas M. Hult
chapter numbers: 16
File Type: Word DOC
https://accounting-solutions-manual.com/product/business-finance/test-bank-global-business-today-6th-edition-canadian-edition-by-charles-w-l-hill-g-tomas-m-hult-thomas-mckaig-frank-cotae/
Question 11. Using Microsoft Excel, draw a graph illustrating the .docxIRESH3
Question 11. Using Microsoft Excel, draw a graph illustrating the supply and demand in this market.Using Microsoft Excel, draw a graph illustrating the supply and demand in this market.Price/ComputerQuantity DemandedQuantity Supplied2001000220017512502050150150019001251750175010020001600752250145050250013002527501150
Supply22002050190017501600145013001150200175150125100755025Demand10001250150017502000225025002750200175150125100755025
Volumes
Prices
Question 2What is the equilibrium Price and Quantity in the market?Your response comes here
Supply22002050190017501600145013001150200175150125100755025Demand10001250150017502000225025002750200175150125100755025
Volumes
Prices
Question 3Now suppose the government imposes a special tax on these computers. Describe what would happen in this market in terms of the supply and demand curve.Price/ComputerQuantity DemandedQuantity SuppliedPrice supplied + 100 tax2001000220030017512502050275150150019002501251750175022510020001600200752250145017550250013001502527501150125Your response comes here
Supply22002050190017501600145013001150200175150125100755025Demand10001250150017502000225025002750200175150125100755025Supply + 100 tax22002050190017501600145013001150300275250225200175150125
Volumes
Prices
Question 4 Disregard the new tax in part three. Now assume that the government imposes a price ceiling of $100 in this market, as a result of protests of price gauging by the sellers. What would happen to the price and quantity in this market?Price/ComputerQuantity DemandedQuantity SuppliedPrice ceeling2001000220010017512502050100150150019001001251750175010010020001600100752250145010050250013001002527501150100Your response comes here
Supply22002050190017501600145013001150200175150125100755025Demand10001250150017502000225025002750200175150125100755025Price ceeling 10010001250150017502000225025002750100100100100100100100100
Volumes
Prices
Question 5Disregard the events of part four. Assume that the manufacturers of this product lobby the government’s lawmakers, in terms of this product being an essential for college students but they are considering halting production due to the lack of profits. The lawmakers agree and now set a price floor at $150. What would happen in this market?Price/ComputerQuantity DemandedQuantity SuppliedPrice ceeling2001000220015017512502050150150150019001501251750175015010020001600150752250145015050250013001502527501150150Your response comes here
Supply22002050190017501600145013001150200175150125100755025Demand10001250150017502000225025002750200175150125100755025Price ceeling 15010001250150017502000225025002750150150150150150150150150
Volumes
Prices
Question 6If consumers’ expectations were such that they were concerned about the economy and jobs, what would you think would happen in this market?Price/ComputerQuantity DemandedQuantity SuppliedLower demand for bad expectations2001000220070017512502050950150150019001200125175017501450100200016001700752250145019505025001300220025275011502 ...
The document discusses globalization and its effects. It describes how barriers to trade and investment have declined, leading to more integrated global markets and production across borders. Technological advances have enabled the dispersion of production and creation of global supply chains. While globalization creates opportunities, it also results in disruptions and concerns about job losses in advanced economies. The impacts are debated, with some arguing globalization increases prosperity overall, while others feel it is not beneficial.
Globalization refers to the increasing integration of economies around the world through trade and financial flows. It is driven by declining trade barriers and technological advances enabling easier communication and transportation globally. While globalization increases opportunities for trade and investment, it also raises concerns about its economic and social impacts such as loss of jobs, effects on the environment, and growing inequality between rich and poor nations. Managing businesses internationally is more complex due to differences between countries and managing additional risks from currency fluctuations and government policies.
The document discusses the concept of globalization and its key drivers. It summarizes that globalization refers to the increasing integration and interdependence of economies through trade and financial flows. The major drivers are declining trade barriers since WWII and technological advances that lower communication and transportation costs. While globalization offers opportunities through expanded markets and specialization, it also faces criticisms such as job losses and threats to sovereignty. Managing international business is more complex than domestic due to country differences, wider problems, and currency conversions.
International business 1st edition test bank geringer mc nett minor balljoqybokyf
International Business 1st Edition Test Bank Geringer McNett Minor Ball
Full download: International Business 1st Edition Test Bank Geringer McNett Minor Ball
international business geringer test bank pdf
international business michael geringer 1st edition pdf
international business 1st edition geringer pdf
international business geringer minor mcnett pdf
international business michael geringer pdf
9781259317224 pdf
international business 9781259317224
2-120
international business 1st edition pdf
This document provides an overview and guiding questions for a social studies chapter about economic globalization. It includes key terms like EU, GDP per capita, and TNCs. It also lists multiple questions for students to respond to about charts and graphs in the chapter, including how globalization has impacted trade over time, reasons for protests against trade agreements, potential positive and negative impacts of increased trade on developing countries, and how technologies and containerization have enabled greater economic globalization.
This document provides an overview of chapter 1 from a global marketing textbook. It discusses the increasing globalization of markets and importance of global marketing. Key points covered include the convergence and divergence of global consumer behavior, the evolution of global marketing strategies from domestic to international to global, and theories of international trade such as comparative advantage and the international product life cycle.
This document provides an overview of chapter 1 from a global marketing textbook. It discusses the increasing globalization of markets and importance of global marketing. Key points covered include the convergence and divergence of global consumer behavior, the evolution of global marketing strategies from domestic to international to global, and theories of international trade such as comparative advantage and the international product life cycle.
Question 11. Using Microsoft Excel, draw a graph illustrating the .docxIRESH3
Question 11. Using Microsoft Excel, draw a graph illustrating the supply and demand in this market.Using Microsoft Excel, draw a graph illustrating the supply and demand in this market.Price/ComputerQuantity DemandedQuantity Supplied2001000220017512502050150150019001251750175010020001600752250145050250013002527501150
Supply22002050190017501600145013001150200175150125100755025Demand10001250150017502000225025002750200175150125100755025
Volumes
Prices
Question 2What is the equilibrium Price and Quantity in the market?Your response comes here
Supply22002050190017501600145013001150200175150125100755025Demand10001250150017502000225025002750200175150125100755025
Volumes
Prices
Question 3Now suppose the government imposes a special tax on these computers. Describe what would happen in this market in terms of the supply and demand curve.Price/ComputerQuantity DemandedQuantity SuppliedPrice supplied + 100 tax2001000220030017512502050275150150019002501251750175022510020001600200752250145017550250013001502527501150125Your response comes here
Supply22002050190017501600145013001150200175150125100755025Demand10001250150017502000225025002750200175150125100755025Supply + 100 tax22002050190017501600145013001150300275250225200175150125
Volumes
Prices
Question 4 Disregard the new tax in part three. Now assume that the government imposes a price ceiling of $100 in this market, as a result of protests of price gauging by the sellers. What would happen to the price and quantity in this market?Price/ComputerQuantity DemandedQuantity SuppliedPrice ceeling2001000220010017512502050100150150019001001251750175010010020001600100752250145010050250013001002527501150100Your response comes here
Supply22002050190017501600145013001150200175150125100755025Demand10001250150017502000225025002750200175150125100755025Price ceeling 10010001250150017502000225025002750100100100100100100100100
Volumes
Prices
Question 5Disregard the events of part four. Assume that the manufacturers of this product lobby the government’s lawmakers, in terms of this product being an essential for college students but they are considering halting production due to the lack of profits. The lawmakers agree and now set a price floor at $150. What would happen in this market?Price/ComputerQuantity DemandedQuantity SuppliedPrice ceeling2001000220015017512502050150150150019001501251750175015010020001600150752250145015050250013001502527501150150Your response comes here
Supply22002050190017501600145013001150200175150125100755025Demand10001250150017502000225025002750200175150125100755025Price ceeling 15010001250150017502000225025002750150150150150150150150150
Volumes
Prices
Question 6If consumers’ expectations were such that they were concerned about the economy and jobs, what would you think would happen in this market?Price/ComputerQuantity DemandedQuantity SuppliedLower demand for bad expectations2001000220070017512502050950150150019001200125175017501450100200016001700752250145019505025001300220025275011502 ...
The document discusses globalization and its effects. It describes how barriers to trade and investment have declined, leading to more integrated global markets and production across borders. Technological advances have enabled the dispersion of production and creation of global supply chains. While globalization creates opportunities, it also results in disruptions and concerns about job losses in advanced economies. The impacts are debated, with some arguing globalization increases prosperity overall, while others feel it is not beneficial.
Globalization refers to the increasing integration of economies around the world through trade and financial flows. It is driven by declining trade barriers and technological advances enabling easier communication and transportation globally. While globalization increases opportunities for trade and investment, it also raises concerns about its economic and social impacts such as loss of jobs, effects on the environment, and growing inequality between rich and poor nations. Managing businesses internationally is more complex due to differences between countries and managing additional risks from currency fluctuations and government policies.
The document discusses the concept of globalization and its key drivers. It summarizes that globalization refers to the increasing integration and interdependence of economies through trade and financial flows. The major drivers are declining trade barriers since WWII and technological advances that lower communication and transportation costs. While globalization offers opportunities through expanded markets and specialization, it also faces criticisms such as job losses and threats to sovereignty. Managing international business is more complex than domestic due to country differences, wider problems, and currency conversions.
International business 1st edition test bank geringer mc nett minor balljoqybokyf
International Business 1st Edition Test Bank Geringer McNett Minor Ball
Full download: International Business 1st Edition Test Bank Geringer McNett Minor Ball
international business geringer test bank pdf
international business michael geringer 1st edition pdf
international business 1st edition geringer pdf
international business geringer minor mcnett pdf
international business michael geringer pdf
9781259317224 pdf
international business 9781259317224
2-120
international business 1st edition pdf
This document provides an overview and guiding questions for a social studies chapter about economic globalization. It includes key terms like EU, GDP per capita, and TNCs. It also lists multiple questions for students to respond to about charts and graphs in the chapter, including how globalization has impacted trade over time, reasons for protests against trade agreements, potential positive and negative impacts of increased trade on developing countries, and how technologies and containerization have enabled greater economic globalization.
This document provides an overview of chapter 1 from a global marketing textbook. It discusses the increasing globalization of markets and importance of global marketing. Key points covered include the convergence and divergence of global consumer behavior, the evolution of global marketing strategies from domestic to international to global, and theories of international trade such as comparative advantage and the international product life cycle.
This document provides an overview of chapter 1 from a global marketing textbook. It discusses the increasing globalization of markets and importance of global marketing. Key points covered include the convergence and divergence of global consumer behavior, the evolution of global marketing strategies from domestic to international to global, and theories of international trade such as comparative advantage and the international product life cycle.
The document discusses several key aspects of globalization including:
1. Globalization refers to the shift toward a more integrated world economy and includes the globalization of markets and production. Major institutions like the WTO, IMF, and World Bank help manage and regulate global trade.
2. Technological advances in communication and transportation have reduced barriers and facilitated the spread of global markets and production networks.
3. The global economy has changed dramatically in recent decades with developing nations now accounting for a growing share of global GDP, trade, and foreign investment.
Busn 427 entire course global issues in businessProfessorLance
This document provides an overview of the course content for BUSN 427 Global Issues in Business, which includes weekly discussion questions, assignments, and a final exam. The course covers topics such as the impact of technology on globalization, ethics of outsourcing, trade agreements, foreign market entry strategies, and human resource management for multinational corporations. Assignments involve analyzing case studies on companies such as Panasonic, CEMEX, and Procter & Gamble conducting international business.
Busn 427 entire course global issues in businessProfessorLance
This document provides an overview of the BUSN 427 Global Issues in Business course, including discussion questions, assignments, and exams for each of the 8 weeks. The course covers topics such as the impact of technology on globalization, ethics of outsourcing, regional economic integration, international business strategy, and human resource management in a global context. Assignments involve analyzing case studies on companies such as Panasonic, CEMEX, and Procter & Gamble conducting business globally.
This document provides an overview of key concepts related to globalization and international financial management. It discusses factors influencing globalization such as trade agreements and technology. Several theories of international trade are described, including comparative advantage and theories based on factor endowments. The roles of multinational corporations in facilitating globalization and risks they face are outlined. Governance models in the US and Asia are compared. Finally, structure and participants in foreign exchange markets are reviewed.
This chapter discusses the evolution and increasing importance of global marketing. It covers five stages of global marketing evolution from domestic to global. Forces driving globalization include saturation of domestic markets, increased competition, and opportunities in emerging markets. While globalization leads to convergence in consumer behavior, divergence remains as cultures are liberated. Theories of international trade and the multinational enterprise are also summarized.
This document contains sample answers to examination questions for an International Business assignment in June 2022. It discusses how the war between Russia and Ukraine is affecting global business and trade. It analyzes the documentary letter of credit collection method and how irrevocable letters of credit differ from back-to-back letters of credit. It also discusses how the clothing brand United Colors of Benetton adapted its products and marketing strategies for emerging markets by allowing regional customization, demonstrating the effects of globalization. Adapting products and strategies for local emerging markets is seen as an appropriate strategy.
This chapter discusses the concept of globalization and its key drivers. Globalization refers to the shift toward a more integrated world economy and has two facets: the globalization of markets and the globalization of production. Technological advances in areas like telecommunications and transportation have reduced costs and barriers to global trade and investment. While globalization creates opportunities for growth, it also faces criticism for potential job losses and cultural impacts. The balance of economic power is shifting as developing countries increase their share of global GDP, trade and foreign direct investment.
There are differing perspectives on economic globalization due to complex factors like:
- Countries experience globalization differently based on their level of development. More developed nations tend to benefit more from increased trade and investment opportunities. Less developed nations can struggle with unfair competition and pressure to lower labor/environmental standards.
- Globalization impacts different groups within countries in varying ways. While some sectors and skilled workers may see new opportunities, others like low-skilled manufacturing workers can face job losses and wage stagnation as production shifts overseas.
- There are debates around how much sovereignty nations should maintain over their economies versus integrating more via trade blocs and agreements. More national control allows focusing on domestic priorities, while greater economic integration can boost overall prosperity
The document discusses the growing importance of global marketing. It covers reasons for globalization like saturation of domestic markets and increased competition. It also examines the convergence and divergence of global markets and consumer behavior. Finally, it outlines the evolution of global marketing approaches and various theories related to international trade and multinational enterprises.
Icts, economic growth and digital divideSimone Gamba
1) ICTs provide opportunities for developing countries to reduce economic gaps with developed nations by lowering costs and improving efficiency. However, empirical evidence shows the gap increasing qualitatively as storage, computing, and transmission capacities diverge.
2) While developing nations show rapid ICT adoption rates, qualitative analysis reveals a widening gap in technological capabilities. The digital divide persists contrary to predictions.
3) Factors like education, skills, policies, infrastructure, and culture on both supply and demand sides affect how ICTs impact development. ICTs have so far failed to fully close digital and economic divides between developing and developed countries. The debate on their development effects remains open.
Economic globalization has led to increased unemployment as multinational corporations seek to reduce costs through international division of labor and moving factories to lower cost locations. While this allows corporations to maximize profits, it has adverse effects on low-skilled and manufacturing workers. Even high-tech and research jobs are outsourced as long as a place can offer higher cost effectiveness. Additionally, globalization increases the threat of unemployment across different job types. Economic interdependence has also grown as globalization supports continuous growth but makes economies more vulnerable to external factors, such as downturns negatively impacting trading partners like Southeast Asian countries experienced after the weak 2001-2002 American economy.
Chapter 5 How Managers Use Balance of Payments Data – p.213Do.docxrobertad6
Chapter 5: How Managers Use Balance of Payments Data – p.213
Do some research on the items in the table below and see if you see a pattern with the various country’s economies:
1. What is the G7?
2. What is the E7?
G7 Countries
Continent where the country lies
GDP
Ease of Doing Business
1.
2.
3.
4.
5.
6.
7.
NOTE: When you find the GDP (Gross National Product) note the year – you may not have 2018 statistics. That is okay –find the latest data available. You may need to search for the Ranking of Ease of Doing Business – and then find the countries that make up the G7 or the E7.
NEXT PAGE!
E7 Countries
Continent where the country lies
GDP
Ease of Doing Business
1.
2.
3.
4.
5.
6.
7.
A. Compare the 2 groups of countries – explain your findings.
Globalization Effects on Country Institutions, People and Business
Chapter 3
Key Points for the Chapter
Economic development comprises positive economic growth and entails changes in a country’s political, economic, and cultural institutions, as well as in individual values, attitudes, and behaviors.
Economic development requires resources from public and private sectors, both internal and external.
Technology transfers by international corporations comprise manufacturing technologies, management organizations, and marketing know-how.
Intro: The Economic Development Process
Economic development is the progress countries make in living standards as they experience positive economic growth and the changes occurring in societal and cultural institutions and values as nations move toward more advanced stages of industrialization.
Economic progress demonstrates human progress, and more pragmatically, it keeps politicians in power, companies busy, and consumers (and voters) optimistic about the future.
Technology Transfers
International trade, investments, and global media have opened world markets up to a variety of modernizing influences.
In general terms, technology transfers occur as corporations enter new markets with products, technologies, lifestyles, and business methods developed in their home and other international markets.
Technology transfers first affect urban segments of developing countries where there are developed infrastructures and pocket of economically significant customers.
As media become commercialization and distribution channels are built into rural areas, greater proportions of developing-country populations come into contact with modernization influences.
4
Positive Effects
Positive effects occur as societies are exposed to broad varieties of products that make lives easier.
Convenience products such as packaged foods, and consumer durables such as refrigerators, radios, televisions, and stoves have positive effects on consumer lifestyles.
New technologies in manufacturing and distribution make products cheaper and more widely available. They provide employment opportunities for lo.
This document contains a chapter from an international business textbook that discusses globalization and its key concepts. It provides 33 multiple choice questions to test students' understanding of trends in globalization, including the increasing interdependence among countries, forces driving globalization like technology and trade liberalization, and debates around issues like offshoring and its economic and social impacts. The questions cover definitions of core international business concepts, factors influencing the growth of globalization, and perspectives from both supporters and critics of globalization.
International business management essay globalizationBobby Darmawan
Globalization has both advantages and disadvantages. It allows large corporations to access new markets and supplies, driving economic growth. However, it also enables the exploitation of developing countries through outsourcing of jobs and environmental damage. While globalization has reduced poverty, economic downturns can now rapidly spread worldwide through integrated financial systems. There are reasonable arguments on both sides of whether globalization should be encouraged or discouraged.
José Luis Domínguez, Marketing Director of SATEC, presented at the ServiceOne Alliance Conference in Madrid on September 17, 2009. He discussed the economic downturn in Europe and its effects on the ICT industry, as well as opportunities for growth. Key points included: IT budgets are falling globally but some technologies still offer growth; the ICT industry underpins many other sectors and innovation will be important for economic recovery; and partnerships through alliances like ServiceOne can help companies pursue new opportunities internationally by sharing solutions, resources, and references.
Global business today global 8th edition hill test bank.docxrightmanforbloodline
Global business today global 8th edition hill test bank Global business today global 8th edition hill test bank Global business today global 8th edition hill test bank
The document summarizes key topics in the global economic environment:
1) The world economy has become highly intertwined through increased trade and foreign direct investment. However, large economies like the US remain relatively insulated.
2) Country competitiveness depends on factors like innovation and human capital. Emerging markets like China and India now represent areas of great potential.
3) International institutions like the WTO and regional trade agreements have lowered trade barriers but face challenges in regulating new issues like e-commerce.
Daniele Archibugi - Seminario 'Nuevos enfoques sobre políticas de innovación'Fundación Ramón Areces
Los días 13 y 14 de marzo de 2014, la Fundación Ramón Areces organizó con el Instituto de Estudios de la Innovación (IREIN) y el Foro de Empresas Innovadoras una jornada sobre 'Nuevos enfoques sobre políticas de innovación'. Contó con la intervención de destacados expertos internacionales como Luc Soete, rector de la Universidad de Maastricht; Julia Lane, del American Institutes for Research (AIR) de Estados Unidos; Giovanni Dosi,
del Institute of Economics de la Scuola Superiore Sant'Anna (Italia); Daniele Archibugi, del CNRS y del Birkbeck College de la University of London; John Cantwell, del Rutgers Business School de Rutgers University (Estados Unidos); Jorge Katz, de la Universidad de Chile; Tom Hockaday, del ISIS Innovation de la Universidad de Oxford (Reino Unido), y Johan Schot, del Science and Technology Policy Research de la University of Sussex (Reino Unido).
what is globalization
,
globalization of markets
,
globalization of production
,
global institutions
,
drivers of globalization
,
managing in the global marketplace
,
the changing demographics of the global economy
,
changing world output & world trade picture
,
globalization & the world’s poor
,
global economy of 21st century
,
the changing world order
,
globalization
,
labor policies and the environment
This presentation includes basic of PCOS their pathology and treatment and also Ayurveda correlation of PCOS and Ayurvedic line of treatment mentioned in classics.
The document discusses several key aspects of globalization including:
1. Globalization refers to the shift toward a more integrated world economy and includes the globalization of markets and production. Major institutions like the WTO, IMF, and World Bank help manage and regulate global trade.
2. Technological advances in communication and transportation have reduced barriers and facilitated the spread of global markets and production networks.
3. The global economy has changed dramatically in recent decades with developing nations now accounting for a growing share of global GDP, trade, and foreign investment.
Busn 427 entire course global issues in businessProfessorLance
This document provides an overview of the course content for BUSN 427 Global Issues in Business, which includes weekly discussion questions, assignments, and a final exam. The course covers topics such as the impact of technology on globalization, ethics of outsourcing, trade agreements, foreign market entry strategies, and human resource management for multinational corporations. Assignments involve analyzing case studies on companies such as Panasonic, CEMEX, and Procter & Gamble conducting international business.
Busn 427 entire course global issues in businessProfessorLance
This document provides an overview of the BUSN 427 Global Issues in Business course, including discussion questions, assignments, and exams for each of the 8 weeks. The course covers topics such as the impact of technology on globalization, ethics of outsourcing, regional economic integration, international business strategy, and human resource management in a global context. Assignments involve analyzing case studies on companies such as Panasonic, CEMEX, and Procter & Gamble conducting business globally.
This document provides an overview of key concepts related to globalization and international financial management. It discusses factors influencing globalization such as trade agreements and technology. Several theories of international trade are described, including comparative advantage and theories based on factor endowments. The roles of multinational corporations in facilitating globalization and risks they face are outlined. Governance models in the US and Asia are compared. Finally, structure and participants in foreign exchange markets are reviewed.
This chapter discusses the evolution and increasing importance of global marketing. It covers five stages of global marketing evolution from domestic to global. Forces driving globalization include saturation of domestic markets, increased competition, and opportunities in emerging markets. While globalization leads to convergence in consumer behavior, divergence remains as cultures are liberated. Theories of international trade and the multinational enterprise are also summarized.
This document contains sample answers to examination questions for an International Business assignment in June 2022. It discusses how the war between Russia and Ukraine is affecting global business and trade. It analyzes the documentary letter of credit collection method and how irrevocable letters of credit differ from back-to-back letters of credit. It also discusses how the clothing brand United Colors of Benetton adapted its products and marketing strategies for emerging markets by allowing regional customization, demonstrating the effects of globalization. Adapting products and strategies for local emerging markets is seen as an appropriate strategy.
This chapter discusses the concept of globalization and its key drivers. Globalization refers to the shift toward a more integrated world economy and has two facets: the globalization of markets and the globalization of production. Technological advances in areas like telecommunications and transportation have reduced costs and barriers to global trade and investment. While globalization creates opportunities for growth, it also faces criticism for potential job losses and cultural impacts. The balance of economic power is shifting as developing countries increase their share of global GDP, trade and foreign direct investment.
There are differing perspectives on economic globalization due to complex factors like:
- Countries experience globalization differently based on their level of development. More developed nations tend to benefit more from increased trade and investment opportunities. Less developed nations can struggle with unfair competition and pressure to lower labor/environmental standards.
- Globalization impacts different groups within countries in varying ways. While some sectors and skilled workers may see new opportunities, others like low-skilled manufacturing workers can face job losses and wage stagnation as production shifts overseas.
- There are debates around how much sovereignty nations should maintain over their economies versus integrating more via trade blocs and agreements. More national control allows focusing on domestic priorities, while greater economic integration can boost overall prosperity
The document discusses the growing importance of global marketing. It covers reasons for globalization like saturation of domestic markets and increased competition. It also examines the convergence and divergence of global markets and consumer behavior. Finally, it outlines the evolution of global marketing approaches and various theories related to international trade and multinational enterprises.
Icts, economic growth and digital divideSimone Gamba
1) ICTs provide opportunities for developing countries to reduce economic gaps with developed nations by lowering costs and improving efficiency. However, empirical evidence shows the gap increasing qualitatively as storage, computing, and transmission capacities diverge.
2) While developing nations show rapid ICT adoption rates, qualitative analysis reveals a widening gap in technological capabilities. The digital divide persists contrary to predictions.
3) Factors like education, skills, policies, infrastructure, and culture on both supply and demand sides affect how ICTs impact development. ICTs have so far failed to fully close digital and economic divides between developing and developed countries. The debate on their development effects remains open.
Economic globalization has led to increased unemployment as multinational corporations seek to reduce costs through international division of labor and moving factories to lower cost locations. While this allows corporations to maximize profits, it has adverse effects on low-skilled and manufacturing workers. Even high-tech and research jobs are outsourced as long as a place can offer higher cost effectiveness. Additionally, globalization increases the threat of unemployment across different job types. Economic interdependence has also grown as globalization supports continuous growth but makes economies more vulnerable to external factors, such as downturns negatively impacting trading partners like Southeast Asian countries experienced after the weak 2001-2002 American economy.
Chapter 5 How Managers Use Balance of Payments Data – p.213Do.docxrobertad6
Chapter 5: How Managers Use Balance of Payments Data – p.213
Do some research on the items in the table below and see if you see a pattern with the various country’s economies:
1. What is the G7?
2. What is the E7?
G7 Countries
Continent where the country lies
GDP
Ease of Doing Business
1.
2.
3.
4.
5.
6.
7.
NOTE: When you find the GDP (Gross National Product) note the year – you may not have 2018 statistics. That is okay –find the latest data available. You may need to search for the Ranking of Ease of Doing Business – and then find the countries that make up the G7 or the E7.
NEXT PAGE!
E7 Countries
Continent where the country lies
GDP
Ease of Doing Business
1.
2.
3.
4.
5.
6.
7.
A. Compare the 2 groups of countries – explain your findings.
Globalization Effects on Country Institutions, People and Business
Chapter 3
Key Points for the Chapter
Economic development comprises positive economic growth and entails changes in a country’s political, economic, and cultural institutions, as well as in individual values, attitudes, and behaviors.
Economic development requires resources from public and private sectors, both internal and external.
Technology transfers by international corporations comprise manufacturing technologies, management organizations, and marketing know-how.
Intro: The Economic Development Process
Economic development is the progress countries make in living standards as they experience positive economic growth and the changes occurring in societal and cultural institutions and values as nations move toward more advanced stages of industrialization.
Economic progress demonstrates human progress, and more pragmatically, it keeps politicians in power, companies busy, and consumers (and voters) optimistic about the future.
Technology Transfers
International trade, investments, and global media have opened world markets up to a variety of modernizing influences.
In general terms, technology transfers occur as corporations enter new markets with products, technologies, lifestyles, and business methods developed in their home and other international markets.
Technology transfers first affect urban segments of developing countries where there are developed infrastructures and pocket of economically significant customers.
As media become commercialization and distribution channels are built into rural areas, greater proportions of developing-country populations come into contact with modernization influences.
4
Positive Effects
Positive effects occur as societies are exposed to broad varieties of products that make lives easier.
Convenience products such as packaged foods, and consumer durables such as refrigerators, radios, televisions, and stoves have positive effects on consumer lifestyles.
New technologies in manufacturing and distribution make products cheaper and more widely available. They provide employment opportunities for lo.
This document contains a chapter from an international business textbook that discusses globalization and its key concepts. It provides 33 multiple choice questions to test students' understanding of trends in globalization, including the increasing interdependence among countries, forces driving globalization like technology and trade liberalization, and debates around issues like offshoring and its economic and social impacts. The questions cover definitions of core international business concepts, factors influencing the growth of globalization, and perspectives from both supporters and critics of globalization.
International business management essay globalizationBobby Darmawan
Globalization has both advantages and disadvantages. It allows large corporations to access new markets and supplies, driving economic growth. However, it also enables the exploitation of developing countries through outsourcing of jobs and environmental damage. While globalization has reduced poverty, economic downturns can now rapidly spread worldwide through integrated financial systems. There are reasonable arguments on both sides of whether globalization should be encouraged or discouraged.
José Luis Domínguez, Marketing Director of SATEC, presented at the ServiceOne Alliance Conference in Madrid on September 17, 2009. He discussed the economic downturn in Europe and its effects on the ICT industry, as well as opportunities for growth. Key points included: IT budgets are falling globally but some technologies still offer growth; the ICT industry underpins many other sectors and innovation will be important for economic recovery; and partnerships through alliances like ServiceOne can help companies pursue new opportunities internationally by sharing solutions, resources, and references.
Global business today global 8th edition hill test bank.docxrightmanforbloodline
Global business today global 8th edition hill test bank Global business today global 8th edition hill test bank Global business today global 8th edition hill test bank
The document summarizes key topics in the global economic environment:
1) The world economy has become highly intertwined through increased trade and foreign direct investment. However, large economies like the US remain relatively insulated.
2) Country competitiveness depends on factors like innovation and human capital. Emerging markets like China and India now represent areas of great potential.
3) International institutions like the WTO and regional trade agreements have lowered trade barriers but face challenges in regulating new issues like e-commerce.
Daniele Archibugi - Seminario 'Nuevos enfoques sobre políticas de innovación'Fundación Ramón Areces
Los días 13 y 14 de marzo de 2014, la Fundación Ramón Areces organizó con el Instituto de Estudios de la Innovación (IREIN) y el Foro de Empresas Innovadoras una jornada sobre 'Nuevos enfoques sobre políticas de innovación'. Contó con la intervención de destacados expertos internacionales como Luc Soete, rector de la Universidad de Maastricht; Julia Lane, del American Institutes for Research (AIR) de Estados Unidos; Giovanni Dosi,
del Institute of Economics de la Scuola Superiore Sant'Anna (Italia); Daniele Archibugi, del CNRS y del Birkbeck College de la University of London; John Cantwell, del Rutgers Business School de Rutgers University (Estados Unidos); Jorge Katz, de la Universidad de Chile; Tom Hockaday, del ISIS Innovation de la Universidad de Oxford (Reino Unido), y Johan Schot, del Science and Technology Policy Research de la University of Sussex (Reino Unido).
what is globalization
,
globalization of markets
,
globalization of production
,
global institutions
,
drivers of globalization
,
managing in the global marketplace
,
the changing demographics of the global economy
,
changing world output & world trade picture
,
globalization & the world’s poor
,
global economy of 21st century
,
the changing world order
,
globalization
,
labor policies and the environment
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The utilization of land is impacted by human needs and environmental factors. In countries
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Test bank Global Business Today 6th Edition canadian edition By Charles W. L. Hill, G. Tomas M. Hult, Thomas McKaig, Frank Cotae.docx
1. Version 1 1
Download :
https://accounting-solutions-manual.com/product/business-finance/test-bank-global-
business-today-6th-edition-canadian-edition-by-charles-w-l-hill-g-tomas-m-hult-thomas-
mckaig-frank-cotae/
TRUE/FALSE - Write 'T' if the statement is true and 'F' if the statement is false.
1) The global economy is moving progressively towards a world in which national
economies are relatively isolated from each other.
1) ______
⊚ true
⊚ false
Question Details
Accessibility : Keyboard Navigation
Learning Objective : 01-01 Define the terms globalization, globalization of markets, and globalizatio
Topic : 01-01 Introduction
Difficulty : Easy
2) The volume of goods, services and investment crossing national borders expanded faster
than did world output every year during the last two decades of the 20th
century.
2) ______
⊚ true
⊚ false
Question Details
Accessibility : Keyboard Navigation
Learning Objective : 01-01 Define the terms globalization, globalization of markets, and globalizatio
Difficulty : Medium
Topic : 01-03 The Globalization of Markets
3) Currently global markets are mostly markets for consumer products.
3) ______
⊚ true
⊚ false
2. Version 1 2
Question Details
Accessibility : Keyboard Navigation
Learning Objective : 01-01 Define the terms globalization, globalization of markets, and globalizatio
Difficulty : Medium
Topic : 01-03 The Globalization of Markets
4) To benefit from the globalization of markets, a company has to be a multinational firm.
4) ______
⊚ true
⊚ false
Question Details
Accessibility : Keyboard Navigation
Learning Objective : 01-01 Define the terms globalization, globalization of markets, and globalizatio
Difficulty : Easy
Topic : 01-04 The Globalization of Production
5) Currently most global markets are for industrial goods and materials that serve a
universal need the world over.
5) ______
⊚ true
⊚ false
Question Details
Accessibility : Keyboard Navigation
Learning Objective : 01-01 Define the terms globalization, globalization of markets, and globalizatio
Topic : 01-04 The Globalization of Production
Difficulty : Hard
6) Although many companies have lowered their overall cost structure and have improved
the quality of their products by dispersing their production activities to locations around the
world, this activity is confined primarily to large firms.
6) ______
⊚ true
⊚ false
3. Version 1 3
Question Details
Accessibility : Keyboard Navigation
Learning Objective : 01-01 Define the terms globalization, globalization of markets, and globalizatio
Topic : 01-04 The Globalization of Production
Difficulty : Hard
7) Sourcing goods and services from locations around the globe is known as the
globalization of markets.
7) ______
⊚ true
⊚ false
Question Details
Accessibility : Keyboard Navigation
Learning Objective : 01-01 Define the terms globalization, globalization of markets, and globalizatio
Difficulty : Medium
Topic : 01-04 The Globalization of Production
8) General Agreement on Tariffs and Trade is what the acronym GATT stands for.
8) ______
⊚ true
⊚ false
Question Details
Accessibility : Keyboard Navigation
Difficulty : Medium
Learning Objective : 01-02 Examine the rise and functions of global institutions.
Topic : 01-05 The Emergence of Global Institutions
9) As markets globalize and an increasing proportion of business activity transcends
national borders, there is a need for institutions to help manage, regulate and police the global
market place.
9) ______
⊚ true
⊚ false
4. Version 1 4
Question Details
Accessibility : Keyboard Navigation
Difficulty : Medium
Learning Objective : 01-02 Examine the rise and functions of global institutions.
Topic : 01-05 The Emergence of Global Institutions
10) The International Monetary Fund and the World Bank were both created in 1944 by 44
nations that met at Bretton Woods, New Hampshire.
10) ______
⊚ true
⊚ false
Question Details
Accessibility : Keyboard Navigation
Difficulty : Medium
Learning Objective : 01-02 Examine the rise and functions of global institutions.
Topic : 01-05 The Emergence of Global Institutions
11) The International Monetary Fund (IMF) is often seen as the leader of last resort to nation
states whose economies are in economic turmoil.
11) ______
⊚ true
⊚ false
Question Details
Accessibility : Keyboard Navigation
Learning Objective : 01-02 Examine the rise and functions of global institutions.
Topic : 01-05 The Emergence of Global Institutions
Difficulty : Hard
12) FDI occurs when a firm invests resources in business activities outside its home country.
12) ______
⊚ true
⊚ false
5. Version 1 5
Question Details
Accessibility : Keyboard Navigation
Difficulty : Easy
Learning Objective : 01-03 Recognize why globalization and innovation are now proceeding at a rapid r
Topic : 01-06 Drivers of Globalization
13) In addition to reducing trade barriers, many countries have also been progressively
removing restrictions on barriers to foreign direct investment.
13) ______
⊚ true
⊚ false
Question Details
Accessibility : Keyboard Navigation
Difficulty : Medium
Learning Objective : 01-03 Recognize why globalization and innovation are now proceeding at a rapid r
Topic : 01-07 Declining Trade and Investment Barriers
14) The advanced nations of the East committed themselves after World War II to removing
barriers to the free flow of goods, services, and capital between nations.
14) ______
⊚ true
⊚ false
Question Details
Accessibility : Keyboard Navigation
Learning Objective : 01-03 Recognize why globalization and innovation are now proceeding at a rapid r
Difficulty : Hard
Topic : 01-07 Declining Trade and Investment Barriers
15) There is very little evidence that suggests that the lowering of trade barriers has
facilitated the globalization of production.
15) ______
⊚ true
⊚ false
6. Version 1 6
Question Details
Accessibility : Keyboard Navigation
Difficulty : Easy
Learning Objective : 01-03 Recognize why globalization and innovation are now proceeding at a rapid r
Topic : 01-07 Declining Trade and Investment Barriers
16) Surprisingly, despite the importance of technology in our everyday lives, technological
change has played only a minor role in the globalization of markets.
16) ______
⊚ true
⊚ false
Question Details
Accessibility : Keyboard Navigation
Difficulty : Medium
Learning Objective : 01-03 Recognize why globalization and innovation are now proceeding at a rapid r
Topic : 01-08 The Role of Technological Change
17) Since the 1960s, the U.S. has dominated the world economy
17) ______
⊚ true
⊚ false
Question Details
Accessibility : Keyboard Navigation
Difficulty : Easy
Learning Objective : 01-04 Illustrate the changing demographics of the global economy.
Topic : 01-09 The Changing Demographics of the Global Economy
18) Most forecasts now predict a rapid rise in world output accounted for by developing
nations such as China, India, and South Korea, and a rapid decline in the share enjoyed by rich
industrialized countries such as Canada and the United States.
18) ______
⊚ true
⊚ false
7. Version 1 7
Question Details
Accessibility : Keyboard Navigation
Difficulty : Medium
Learning Objective : 01-04 Illustrate the changing demographics of the global economy.
Topic : 01-10 The Changing World Output and World Trade Picture
19) Many of tomorrow's economic opportunities may be found in the developing nations of
the world.
19) ______
⊚ true
⊚ false
Question Details
Accessibility : Keyboard Navigation
Difficulty : Easy
Learning Objective : 01-04 Illustrate the changing demographics of the global economy.
Topic : 01-10 The Changing World Output and World Trade Picture
20) In the 1960s global business activity was dominated by large Japanese multinational
corporations.
20) ______
⊚ true
⊚ false
Question Details
Accessibility : Keyboard Navigation
Difficulty : Medium
Learning Objective : 01-04 Illustrate the changing demographics of the global economy.
Topic : 01-10 The Changing World Output and World Trade Picture
21) Beginning in the 1970s, European and Japanese firms began to shift labour-intensive
manufacturing operations from their home markets to developing nations.
21) ______
⊚ true
⊚ false
8. Version 1 8
Question Details
Accessibility : Keyboard Navigation
Difficulty : Easy
Learning Objective : 01-04 Illustrate the changing demographics of the global economy.
Topic : 01-11 The Changing Foreign Direct Investment Picture
22) Although most international trade and investment is still conducted by large firms, small
to medium sized firms are increasingly involved in international trade and investment.
22) ______
⊚ true
⊚ false
Question Details
Accessibility : Keyboard Navigation
Difficulty : Medium
Learning Objective : 01-04 Illustrate the changing demographics of the global economy.
Topic : 01-12 The Changing Nature of the Multinational Enterprise
23) An MNE is any firm that invests outside of its home country.
23) ______
⊚ true
⊚ false
Question Details
Accessibility : Keyboard Navigation
Difficulty : Easy
Learning Objective : 01-04 Illustrate the changing demographics of the global economy.
Topic : 01-12 The Changing Nature of the Multinational Enterprise
24) Between 1995 and 2000 most countries in Eastern Europe saw their Communist
governments collapse.
24) ______
⊚ true
⊚ false
9. Version 1 9
Question Details
Accessibility : Keyboard Navigation
Difficulty : Medium
Learning Objective : 01-04 Illustrate the changing demographics of the global economy.
Topic : 01-13 The Changing World Order
25) If what is occurring in China continues for two more decades, China may move from a
developing to an industrial superpower status even more rapidly than Japan did.
25) ______
⊚ true
⊚ false
Question Details
Accessibility : Keyboard Navigation
Difficulty : Medium
Learning Objective : 01-04 Illustrate the changing demographics of the global economy.
Topic : 01-13 The Changing World Order
26) The volume of cross-border trade and investment has been growing more rapidly than
global output.
26) ______
⊚ true
⊚ false
Question Details
Accessibility : Keyboard Navigation
Difficulty : Easy
Topic : 01-14 The Global Economy of the Twenty-First Century
Learning Objective : 01-05 Explain the main arguments in the debate over the impact of globalization
27) Economists argue that increased international trade and cross-border investments will
result in higher prices for goods and services, although there are many benefits to globalization.
27) ______
⊚ true
⊚ false
10. Version 1 10
Question Details
Accessibility : Keyboard Navigation
Difficulty : Hard
Learning Objective : 01-05 Explain the main arguments in the debate over the impact of globalization
Topic : 01-15 The Globalization Debate
28) It is commonly believed that globalization stimulates economic growth, creates jobs, and
raises income levels.
28) ______
⊚ true
⊚ false
Question Details
Accessibility : Keyboard Navigation
Difficulty : Medium
Learning Objective : 01-05 Explain the main arguments in the debate over the impact of globalization
Topic : 01-15 The Globalization Debate
29) The United Kingdom's vote to withdraw from the European Union in 2016, known as
"Brexit" can be seen as a popular protest vote.
29) ______
⊚ true
⊚ false
Question Details
Accessibility : Keyboard Navigation
Difficulty : Easy
Learning Objective : 01-05 Explain the main arguments in the debate over the impact of globalization
Topic : 01-16 Antiglobalization Protests
30) If critics of globalization are correct, the decline in labour's share of national income must
be due, in part, to moving production to low-wage countries.
30) ______
⊚ true
⊚ false
11. Version 1 11
Question Details
Accessibility : Keyboard Navigation
Difficulty : Medium
Learning Objective : 01-05 Explain the main arguments in the debate over the impact of globalization
Topic : 01-17 Globalization, Jobs, and Income
31) A concern by some is that free trade encourages the movement of manufacturing from
developed countries to less developed countries.
31) ______
⊚ true
⊚ false
Question Details
Accessibility : Keyboard Navigation
Difficulty : Easy
Learning Objective : 01-05 Explain the main arguments in the debate over the impact of globalization
Topic : 01-18 Globalization, Labour Policies, and the Environment
32) Free trade agreements can be tied to tougher environmental and labour laws.
32) ______
⊚ true
⊚ false
Question Details
Accessibility : Keyboard Navigation
Difficulty : Hard
Learning Objective : 01-05 Explain the main arguments in the debate over the impact of globalization
Topic : 01-18 Globalization, Labour Policies, and the Environment
33) Some Canadian firms have outsourced jobs to developing countries.
33) ______
⊚ true
⊚ false
12. Version 1 12
Question Details
Accessibility : Keyboard Navigation
Difficulty : Easy
Learning Objective : 01-05 Explain the main arguments in the debate over the impact of globalization
Topic : 01-18 Globalization, Labour Policies, and the Environment
34) National sovereignty is not a concern for those critical of globalization.
34) ______
⊚ true
⊚ false
Question Details
Accessibility : Keyboard Navigation
Difficulty : Easy
Learning Objective : 01-05 Explain the main arguments in the debate over the impact of globalization
Topic : 01-19 Globalization and National Sovereignty
35) Economic stagnation in some countries is caused in part by their form of government.
35) ______
⊚ true
⊚ false
Question Details
Accessibility : Keyboard Navigation
Difficulty : Easy
Learning Objective : 01-05 Explain the main arguments in the debate over the impact of globalization
Topic : 01-20 Globalization and the World's Poor
36) Managing an international business is not that different from running a purely domestic
business.
36) ______
⊚ true
⊚ false
13. Version 1 13
Question Details
Accessibility : Keyboard Navigation
Difficulty : Easy
Learning Objective : 01-06 Show how the process of globalization is giving rise to numerous opportuni
Topic : 01-21 Managing in the Global Marketplace
37) Members of the Fair Labour Association are not subject to independent monitoring.
37) ______
⊚ true
⊚ false
Question Details
Accessibility : Keyboard Navigation
Difficulty : Easy
Learning Objective : 01-07 Understand how establishing and committing to a global supply chain code o
Topic : 01-22 Sustainability in Practice
MULTIPLE CHOICE - Choose the one alternative that best completes the statement or
answers the question.
38) According to the opening case, Bombardier is a good example of:
38) ______
A) domestic markets
B) foreign exchange
C) globalization of production
D) outsourcing
E) deregulation
Question Details
Accessibility : Keyboard Navigation
Learning Objective : 01-01 Define the terms globalization, globalization of markets, and globalizatio
Topic : 01-01 Introduction
Difficulty : Medium
14. Version 1 14
39) The trend toward a more integrated and interdependent global economic system that has
been in place for many years is commonly referred to as:
39) ______
A) market standardization
B) cross-border integration
C) globalization
D) consumerism
E) nationalization
Question Details
Accessibility : Keyboard Navigation
Learning Objective : 01-01 Define the terms globalization, globalization of markets, and globalizatio
Topic : 01-01 Introduction
Difficulty : Easy
40) Sourcing goods and services from locations around the globe is known as __________.
40) ______
A) melding of markets
B) integration of markets
C) deregulation
D) globalization of production
E) globalization of markets
Question Details
Accessibility : Keyboard Navigation
Learning Objective : 01-01 Define the terms globalization, globalization of markets, and globalizatio
Difficulty : Easy
Topic : 01-02 What Is Globalization?
41) Currently, most global markets are markets for what type of product?
41) ______
15. Version 1 15
A) Consumer goods
B) Industrial goods
C) National products
D) Deregulated products
E) Local goods
Question Details
Accessibility : Keyboard Navigation
Learning Objective : 01-01 Define the terms globalization, globalization of markets, and globalizatio
Difficulty : Medium
Topic : 01-03 The Globalization of Markets
42) The globalization of __________ refers to the sourcing of goods and services from
locations around the globe to take advantage of national differences in the cost and quality of
factors of production (such as labour, energy, land, and capital).
42) ______
A) information technology
B) process design
C) markets
D) production
E) R&D
Question Details
Accessibility : Keyboard Navigation
Learning Objective : 01-01 Define the terms globalization, globalization of markets, and globalizatio
Difficulty : Easy
Topic : 01-04 The Globalization of Production
43) The factors of production include:
43) ______
16. Version 1 16
A) information technology
B) process design
C) markets
D) labour
E) research and development
Question Details
Accessibility : Keyboard Navigation
Learning Objective : 01-01 Define the terms globalization, globalization of markets, and globalizatio
Difficulty : Medium
Topic : 01-04 The Globalization of Production
44) The _______ was created in 1944 by 44 nations that met in Bretton Woods, New
Hampshire.
44) ______
A) International bank
B) World Monetary Fund
C) World Trade Organization
D) International Monetary Fund
E) United Nations
Question Details
Accessibility : Keyboard Navigation
Difficulty : Medium
Learning Objective : 01-02 Examine the rise and functions of global institutions.
Topic : 01-05 The Emergence of Global Institutions
45) The _______ is seen as the lender of last resort to nation-states whose economies are in
turmoil and currencies are losing value against those of other nations.
45) ______
17. Version 1 17
A) International Monetary Fund
B) International bank
C) United Nations
D) Canada's Export Development Corporation
E) Bank of Canada
Question Details
Accessibility : Keyboard Navigation
Difficulty : Medium
Learning Objective : 01-02 Examine the rise and functions of global institutions.
Topic : 01-05 The Emergence of Global Institutions
46) Who is responsible for policing the world trading system?
46) ______
A) International Monetary Fund
B) The World Bank
C) The World Trade Organization
D) Canada's Export Development Corporation
E) Bank of Canada
Question Details
Accessibility : Keyboard Navigation
Difficulty : Medium
Learning Objective : 01-02 Examine the rise and functions of global institutions.
Topic : 01-05 The Emergence of Global Institutions
47) What was created at the same time as the International Monetary Fund?
47) ______
18. Version 1 18
A) World Bank
B) GATT
C) United Nations
D) Canada's Export Development Corporation
E) Bank of Canada
Question Details
Accessibility : Keyboard Navigation
Difficulty : Medium
Learning Objective : 01-02 Examine the rise and functions of global institutions.
Topic : 01-05 The Emergence of Global Institutions
48) Although this organization is perhaps best known for its peacekeeping role, one of its
central mandates is the promotion of higher standards of living, full employment, and conditions
of economic and social progress and development. What is it called?
48) ______
A) World Bank
B) GATT
C) United Nations
D) Canada's Export Development Corporation
E) Bank of Canada
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Learning Objective : 01-02 Examine the rise and functions of global institutions.
Topic : 01-05 The Emergence of Global Institutions
49) _______ are the two macro factors that seem to underlie the trend toward greater
globalization.
49) ______
19. Version 1 19
A) The increase in global economic stability, and the slowdown in technological change
B) The increase in barriers to the free flow of goods, services, and capital that has
occurred since the end of World War II, and global economic stability
C) The decline in barriers to the free flow of goods, services, and capital that has
occurred in the past 10 years, and the slowdown in technological change
D) The decline in barriers to the free flow of goods, services, and capital that has
occurred since the end of World War II, and technological change
E) Technological change and the convergence of global product preferences
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Learning Objective : 01-03 Recognize why globalization and innovation are now proceeding at a rapid r
Topic : 01-06 Drivers of Globalization
Difficulty : Hard
50) A firm exports a number of products to users in other countries. This practice is referred
to as __________.
50) ______
A) world exchange
B) international trade
C) cross-national barter
D) situational commerce
E) multinational diversification
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Learning Objective : 01-03 Recognize why globalization and innovation are now proceeding at a rapid r
Topic : 01-07 Declining Trade and Investment Barriers
51) XYZ, Inc. is an auto parts distributing warehouse that exports many of its products to
consumers in other countries. XYZ Inc. can be described as engaging in:
51) ______
20. Version 1 20
A) international trade.
B) cross-border investments.
C) product development.
D) trading barriers.
E) international procurement.
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Learning Objective : 01-03 Recognize why globalization and innovation are now proceeding at a rapid r
Difficulty : Hard
Topic : 01-07 Declining Trade and Investment Barriers
52) Which of the following refers to the exporting of goods or services to consumers in
another country?
52) ______
A) situational commerce
B) world exchange
C) international trade
D) cross-national barter
E) foreign investment
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Learning Objective : 01-03 Recognize why globalization and innovation are now proceeding at a rapid r
Topic : 01-07 Declining Trade and Investment Barriers
53) Although Inco is a Canadian company, it has invested substantial business resources in
activities outside Canada. This practice is referred to as:
53) ______
21. Version 1 21
A) transnational commerce
B) foreign direct investment
C) international trade
D) organizational diversification
E) outsourcing
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Learning Objective : 01-03 Recognize why globalization and innovation are now proceeding at a rapid r
Difficulty : Hard
Topic : 01-07 Declining Trade and Investment Barriers
54) The investing of resources in business activities outside a firm's home country is referred
to as:
54) ______
A) international trade
B) domestic direct investment
C) transnational barter
D) foreign direct investment
E) outsourcing
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Learning Objective : 01-03 Recognize why globalization and innovation are now proceeding at a rapid r
Topic : 01-07 Declining Trade and Investment Barriers
55) The __________ is a treaty designed to remove barriers to the free flow of goods,
services, and capital between nations.
55) ______
22. Version 1 22
A) Global Agreement on Tariffs and Commerce
B) United Nations Treaty on Trade
C) General Agreement on Tariffs and Trade
D) Multinational Agreement on Tariffs and Commerce
E) The ILO
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Learning Objective : 01-03 Recognize why globalization and innovation are now proceeding at a rapid r
Topic : 01-07 Declining Trade and Investment Barriers
56) After World War II, the West committed to removing trade barriers between nations
because of what experience?
56) ______
A) the loss of production from the war
B) retaliatory trade policies leading to the Depression
C) the General Agreement on Tariffs and Trade
D) massive waves of immigrants seeking jobs
E) the shift away from production to consumption
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Learning Objective : 01-03 Recognize why globalization and innovation are now proceeding at a rapid r
Difficulty : Hard
Topic : 01-07 Declining Trade and Investment Barriers
57) Under the umbrella of GATT there have been eight rounds of negotiations among
member states. The _______ was the most recent round of negotiations.
57) ______
23. Version 1 23
A) Uruguay Round
B) Malaysian Symposium
C) German Round
D) New Zealand Symposium
E) Cancun Round
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Learning Objective : 01-03 Recognize why globalization and innovation are now proceeding at a rapid r
Topic : 01-07 Declining Trade and Investment Barriers
58) Which of the following was not an outcome of the Uruguay Round of the GATT?
58) ______
A) reduced trade barriers
B) extended GATT to cover services as well as manufactured goods
C) established the World Trade Organization
D) provided extended protection for patents, trademarks, and copyr
E) reduced agricultural subsidies
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Learning Objective : 01-03 Recognize why globalization and innovation are now proceeding at a rapid r
Difficulty : Hard
Topic : 01-07 Declining Trade and Investment Barriers
59) If the Doha talks are ever completed, the biggest gain will come from what?
59) ______
24. Version 1 24
A) trademarks
B) agriculture
C) intellectual property
D) consumer goods
E) manufactured goods
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Learning Objective : 01-03 Recognize why globalization and innovation are now proceeding at a rapid r
Topic : 01-07 Declining Trade and Investment Barriers
60) The agency established at the 1993 Uruguay Round to police the international trading
system is the __________.
60) ______
A) Global Trade Enforcement Administration
B) World Tariff and Trade Bureau
C) International Trade Enforcement Agency
D) World Trade Organization
E) The European bank of Reconstruction and Development
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Learning Objective : 01-03 Recognize why globalization and innovation are now proceeding at a rapid r
Topic : 01-07 Declining Trade and Investment Barriers
61) Suppose Petro Canada, an international oil company, had a complaint about a trade issue.
The __________, a governing body established at the Uruguay Round in 1993 to police the
international trading system, is an organization that Petro Canada could take its complaint to.
61) ______
25. Version 1 25
A) World Trade Organization
B) International Trade Monitoring Bureau
C) World Tariff and Trade Agency
D) International Trade Monitoring Agency
E) The United Nations
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Learning Objective : 01-03 Recognize why globalization and innovation are now proceeding at a rapid r
Topic : 01-07 Declining Trade and Investment Barriers
62) The acronym WTO stands for:
62) ______
A) Western Trade Organization
B) World Tax Organization
C) World Trade Organization
D) World Tariff Organization
E) World Trade Operations
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Learning Objective : 01-03 Recognize why globalization and innovation are now proceeding at a rapid r
Topic : 01-07 Declining Trade and Investment Barriers
63) In the past decades, many countries, in addition to reducing trade barriers, have done
what?
63) ______
26. Version 1 26
A) decreased production
B) increased wages
C) removed restrictions to FDI
D) increased tariffs
E) joined the United Nations
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Learning Objective : 01-03 Recognize why globalization and innovation are now proceeding at a rapid r
Topic : 01-07 Declining Trade and Investment Barriers
64) Since 1992, most of the world's changes to FDI have done what?
64) ______
A) blocked FDI
B) created a more favourable environment for FDI
C) had no impact on FDI
D) decreased production
E) decreased wealth
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Learning Objective : 01-03 Recognize why globalization and innovation are now proceeding at a rapid r
Topic : 01-07 Declining Trade and Investment Barriers
65) Which of the following is a major cause for lowering the trade barriers of markets and
production?
65) ______
27. Version 1 27
A) Technological change
B) Increased labour mobility
C) Elastic demand
D) Corporate greed
E) Consumer demand
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Learning Objective : 01-03 Recognize why globalization and innovation are now proceeding at a rapid r
Topic : 01-08 The Role of Technological Change
66) _______ is the theory that predicts that the number of transistors on a computer chip
doubles every 24 months.
66) ______
A) Brennan's Theorem
B) Bailey's Law
C) Moore's Law
D) Ivan's Law
E) Global Micro Accelerant (GMA) Law
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Learning Objective : 01-03 Recognize why globalization and innovation are now proceeding at a rapid r
Topic : 01-08 The Role of Technological Change
67) By 2019 the number of Internet users around the world was estimated to be what?
67) ______
28. Version 1 28
A) 5 million
B) 100 million
C) 1 billion
D) 4 billion
E) 5 billion
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Learning Objective : 01-03 Recognize why globalization and innovation are now proceeding at a rapid r
Difficulty : Hard
Topic : 01-08 The Role of Technological Change
68) The Web is viewed as a global what?
68) ______
A) equalizer
B) way of decreasing production
C) force for decreasing FDI
D) way of reaching businesses at the expense of consumer
E) way for government to market to its population
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Learning Objective : 01-03 Recognize why globalization and innovation are now proceeding at a rapid r
Topic : 01-08 The Role of Technological Change
69) _______ was not mentioned in our textbook as a major innovation in transportation
technology.
69) ______
29. Version 1 29
A) Commercial jet aircraft
B) Super freighters
C) E-commerce
D) The introduction of containerization
E) Both containerization and e-commerce were not mentioned
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Learning Objective : 01-03 Recognize why globalization and innovation are now proceeding at a rapid r
Topic : 01-08 The Role of Technological Change
70) As a result of a variety of innovations, the real costs of information processing and
communication have __________ over the past two decades.
70) ______
A) fallen slightly
B) increased slightly
C) remained constant
D) fallen dramatically
E) had no impact on the cost of international business
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Learning Objective : 01-03 Recognize why globalization and innovation are now proceeding at a rapid r
Topic : 01-08 The Role of Technological Change
71) According to your textbook, between 1930 and 1990, the cost of a three-minute phone
call between New York and London fell from $244.65 to $3.32. This decrease can be mainly
contributed to
71) ______
30. Version 1 30
A) open communication between governments.
B) the advent of the microprocessor.
C) continuing efforts to globalize.
D) high corporate ethical standards.
E) the deregulation of the telecommunications industry.
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Learning Objective : 01-03 Recognize why globalization and innovation are now proceeding at a rapid r
Difficulty : Hard
Topic : 01-08 The Role of Technological Change
72) Over the past fifty years, which country dominated the world trade picture?
72) ______
A) China
B) Canada
C) The United Kingdom
D) The United States
E) India
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Difficulty : Easy
Learning Objective : 01-04 Illustrate the changing demographics of the global economy.
Topic : 01-09 The Changing Demographics of the Global Economy
73) The globalization of markets and production and the resulting growth of world trade,
foreign direct investment, and imports all imply that firms are finding their home markets under
attack from foreign competitors. This is most true in which country?
73) ______
31. Version 1 31
A) China
B) Canada
C) The United Kingdom
D) The United States
E) India
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Learning Objective : 01-04 Illustrate the changing demographics of the global economy.
Topic : 01-10 The Changing World Output and World Trade Picture
74) Many of the changes that countries have made pertaining to foreign direct investment
regulations have:
74) ______
A) made it harder for foreign companies to enter their markets
B) made it easier for foreign companies to enter their markets
C) had no effect on the ease upon which foreign companies can enter their markets
D) made it easier to foreign producers of raw materials to enter their markets but more
difficult for foreign producers of finished products to enter their markets
E) prevented the expropriation of business assets by a foreign government
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Learning Objective : 01-04 Illustrate the changing demographics of the global economy.
Topic : 01-11 The Changing Foreign Direct Investment Picture
75) The steep drop in world trade occurred when?
75) ______
32. Version 1 32
A) 1950-1951.
B) 1955-1956.
C) 1995-1996.
D) 2005-2006.
E) 2008-2009.
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Learning Objective : 01-04 Illustrate the changing demographics of the global economy.
Topic : 01-11 The Changing Foreign Direct Investment Picture
76) According to our textbook, the growing integration of the world economy is:
76) ______
A) increasing the intensity of competition within the home market of a company in a
wide range of manufacturing and service industries
B) decreasing the intensity of global competition in manufacturing industries, and
increasing the intensity of domestic competition in services
C) increasing the intensity of global competition in manufacturing industries, and
decreasing the intensity of domestic competition in services
D) narrowing the scope of global competition in a wide range of service, commodity, and
manufacturing industries
E) Widening the opportunities for competing with manufacturing companies within their
home market and narrowing the opportunities for competing with service companies in their
home market.
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Learning Objective : 01-04 Illustrate the changing demographics of the global economy.
Topic : 01-11 The Changing Foreign Direct Investment Picture
33. Version 1 33
77) Although the characteristics of the global economy have changed dramatically over the
past 50 years, as late as the 1960s all of the following demographic characteristics were true
except:
77) ______
A) the U.S. dominated the world economy
B) small, U.S. entrepreneurial firms dominated the international business scene
C) the U.S. dominated the world foreign direct investment picture
D) the U.S. was the world's largest industrial power
E) the U.S. dominated world trade
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Learning Objective : 01-04 Illustrate the changing demographics of the global economy.
Topic : 01-12 The Changing Nature of the Multinational Enterprise
78) Since the 1960s, what has been a notable trend regarding multinational enterprises?
78) ______
A) the decline of the multinational enterprise
B) the decline of the Canadian multinational enterprise
C) the rise of non-U.S. multinationals
D) the decline of the Japanese multinational enterprise
E) the rise of U.S. multinationals
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Learning Objective : 01-04 Illustrate the changing demographics of the global economy.
Topic : 01-12 The Changing Nature of the Multinational Enterprise
79) What kind of enterprise is a business that has productive activities in two or more
countries?
34. Version 1 34
79) ______
A) cross-cultural
B) multinational
C) varied-national
D) diverse-national
E) multi-domestic
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Difficulty : Easy
Learning Objective : 01-04 Illustrate the changing demographics of the global economy.
Topic : 01-12 The Changing Nature of the Multinational Enterprise
80) Recently there has been _______ in the number of smaller firms that are multinationals.
80) ______
A) a significant growth
B) no change
C) a significant decline
D) some growth
E) some decline
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Learning Objective : 01-04 Illustrate the changing demographics of the global economy.
Topic : 01-12 The Changing Nature of the Multinational Enterprise
81) General Electric Corporation has productive activities in a number of countries. As a
result, it would be appropriate to refer to General Electric as a __________ corporation.
81) ______
35. Version 1 35
A) transnational
B) diverse-national
C) cross-national
D) multinational
E) global
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Learning Objective : 01-04 Illustrate the changing demographics of the global economy.
Topic : 01-12 The Changing Nature of the Multinational Enterprise
82) Iceculture Inc., of Ontario exports around the world. It would be considered to be a
______ company
82) ______
A) multinational
B) transnational
C) cross-border national
D) mini-multinational
E) U.S.- dominated
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Learning Objective : 01-04 Illustrate the changing demographics of the global economy.
Topic : 01-12 The Changing Nature of the Multinational Enterprise
83) Since the 1960s, there have been two notable trends in the demographics of the
multinational enterprise. These two trends have been:
83) ______
36. Version 1 36
A) the rise of non-U.S. multinationals and the disappearance of mini-multinationals
B) the decline of non-U.S. multinationals and the decline of mini-multinationals
C) the decline of non-U.S. multinationals and the growth of mini-multinationals
D) the rise of non-U.S. multinationals and the growth of mini-multinationals
E) the rise of U.S. multinationals and the growth of mini-multinationals
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Learning Objective : 01-04 Illustrate the changing demographics of the global economy.
Topic : 01-12 The Changing Nature of the Multinational Enterprise
84) If we look into the future, most forecasts now predict a __________ in world output
accounted for by developing nations such as China, India, Indonesia, and South Korea, and a
__________ in the share enjoyed by rich industrialized countries such as Britain, Japan, and the
United States.
84) ______
A) rapid rise; rapid decline
B) slight rise; slight decline
C) rapid decline; rapid rise
D) rapid rise; slight decline
E) stay the same; slight decline
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Learning Objective : 01-04 Illustrate the changing demographics of the global economy.
Topic : 01-13 The Changing World Order
85) The relative decline of the developed countries' share of world output _______________.
85) ______
37. Version 1 37
A) will reduce the living standards of the citizens of developed countries.
B) will increase competition for scarce resources and create political instability.
C) reflects the growing economic and industrial strength of developing countries.
D) will decrease prices but also reduce wages in Canada
E) will decrease job opportunities in Canada
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Learning Objective : 01-04 Illustrate the changing demographics of the global economy.
Topic : 01-13 The Changing World Order
86) Which of the following is an example of a developing nation?
86) ______
A) Thailand
B) Britain
C) Japan
D) United States
E) Canada
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Learning Objective : 01-04 Illustrate the changing demographics of the global economy.
Topic : 01-13 The Changing World Order
87) In the 1960s, what was then seen as an economic threat to Europe?
87) ______
38. Version 1 38
A) The dominance of U.S. firms
B) Technological innovations
C) Low-cost transportation
D) Low-cost global communication networks
E) Reduction in trade barriers
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Learning Objective : 01-04 Illustrate the changing demographics of the global economy.
Topic : 01-13 The Changing World Order
88) Throughout the 1990s, the amount of investment directed at both developed and
developing nations did what?
88) ______
A) stayed the same
B) decreased
C) increased
D) was highly variable
E) decreased, then increased
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Learning Objective : 01-04 Illustrate the changing demographics of the global economy.
Topic : 01-13 The Changing World Order
89) Among developing nations, the largest recipient of foreign direct investment has been
which country?
89) ______
39. Version 1 39
A) China
B) India
C) Japan
D) Canada
E) the United States
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Learning Objective : 01-04 Illustrate the changing demographics of the global economy.
Topic : 01-13 The Changing World Order
90) The economies of most of the former Communist countries can best be described as:
90) ______
A) in poor condition with high risk associated with doing business there
B) steady growth, especially since 2009
C) dominated by multinationals
D) robust and growing stronger
E) closed to many international businesses due to high tariffs
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Learning Objective : 01-04 Illustrate the changing demographics of the global economy.
Topic : 01-13 The Changing World Order
91) Which of the following statements is not true regarding the majority of Latin American
countries?
91) ______
40. Version 1 40
A) governments are selling state-owned enterprises to private investors
B) foreign investment is welcome
C) debt and inflation are down
D) neither democracy nor free market reforms have seemed to take hold
E) None of these answers is correct
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Learning Objective : 01-04 Illustrate the changing demographics of the global economy.
Topic : 01-13 The Changing World Order
92) The last quarter of the 20th
century experienced __________ in the global economy.
92) ______
A) increased stability
B) slow-moving
C) virtually no changes
D) rapid changes
E) great concerns over potential disruptions
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Learning Objective : 01-04 Illustrate the changing demographics of the global economy.
Topic : 01-14 The Global Economy of the Twenty-First Century
93) Economists argue that increased international trade and cross-border investments will
result in __________ prices for goods and services.
93) ______
41. Version 1 41
A) higher
B) stable
C) lower
D) unstable
E) variable
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Learning Objective : 01-05 Explain the main arguments in the debate over the impact of globalization
Topic : 01-15 The Globalization Debate
94) _______ is not a benefit of globalization.
94) ______
A) Lowering prices for goods
B) Raising the incomes of consumers
C) Slowing economic growth
D) Helping to create jobs in all countries that choose to participate
E) More leisure time
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Learning Objective : 01-05 Explain the main arguments in the debate over the impact of globalization
Topic : 01-15 The Globalization Debate
95) Benefits of globalization include:
95) ______
42. Version 1 42
A) Falling barriers to trade and investment drive prosperity
B) Increased trade and investment will lower prices for goods and services
C) Increased income of consumers
D) Creates jobs in all countries that participate in global trade
E) All of these options
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Learning Objective : 01-05 Explain the main arguments in the debate over the impact of globalization
Topic : 01-16 Antiglobalization Protests
96) One frequently voiced concern about globalization is that it destroys manufacturing jobs
in wealthy advanced economies such as Canada. The basic thrust of the critics' argument is:
96) ______
A) developing nations will recruit employees from the more advanced economies,
thereby depleting their labour pools
B) globalization increases the pace of the shift from a world economy based on
manufactured goods to a world economy based on services
C) falling trade barriers allows firms to move their manufacturing activities offshore to
countries where wage rates are much lower
D) the governments of developing countries will heavily subsidize their primary
industries, making competing products produced in advanced economies less attractive
E) Canadian workers are overpaid and the true value of a manufacturing job is much
lower
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Difficulty : Hard
Learning Objective : 01-05 Explain the main arguments in the debate over the impact of globalization
Topic : 01-17 Globalization, Jobs, and Income
97) Outsourcing has even extended to the Canadian _______ industry.
43. Version 1 43
97) ______
A) auto
B) mineral extraction
C) services
D) home construction
E) lumber
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Learning Objective : 01-05 Explain the main arguments in the debate over the impact of globalization
Topic : 01-17 Globalization, Jobs, and Income
98) Critics use the following argument to suggest that globalization is a contributing factor to
an increase in pollution.
98) ______
A) globalization results in an increase in the amount of activity that takes place in
companies that do not have adequate pollution controls
B) globalization results in increased commerce between countries, which results in an
increase in the amount of transportation activity (e.g. trains, barges, air cargo, trucks, etc.)
C) firms that operate in countries that have adequate pollution regulations have a
tendency to move their manufacturing operations to countries that have less stringent or no
pollution controls to avoid the cost of regulation
D) globalization results in increased production, which has the undesirable side-effect of
increased pollution
E) people in developing countries are used to coping with more pollution
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Learning Objective : 01-05 Explain the main arguments in the debate over the impact of globalization
Topic : 01-18 Globalization, Labour Policies, and the Environment
44. Version 1 44
99) What does the CUSMA stand for?
99) ______
A) Canada-US-Mexico free trade agreement
B) North American free trade agreement 2.0
C) Canadian Union of Shop Manufacturing Associations
D) US-Canada-Mexico free trade agreement
E) Canadian-American-Mexican free trade agreement
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Learning Objective : 01-05 Explain the main arguments in the debate over the impact of globalization
Topic : 01-18 Globalization, Labour Policies, and the Environment
100) Many critics of globalization argue that outsourcing leads to increased use of _________
labour practices in developing countries.
100) ______
A) exploitive
B) fair
C) underground
D) neo-colonialist
E) non-competitive
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Learning Objective : 01-05 Explain the main arguments in the debate over the impact of globalization
Topic : 01-18 Globalization, Labour Policies, and the Environment
101) What is the primary purpose of the World Trade Organization?
101) ______
45. Version 1 45
A) arbitrate of trade disputes
B) act as a "watchdog" for countries that lower their pollution standards in an effort to
attract more foreign manufacturing activity
C) set tariffs for countries that signed the GATT agreement
D) monitor the implementation of trade agreements such as NAFTA
E) reduce the number of job losses in member countries
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Learning Objective : 01-05 Explain the main arguments in the debate over the impact of globalization
Topic : 01-19 Globalization and National Sovereignty
102) Supranational organizations such as the WTO are criticized for
102) ______
A) interfering in the regulation of prices of a country's natural resources.
B) ruling in favour of rich western countries at the expense of poor developing countries.
C) focusing on economics and not on democracy and environmental responsibility.
D) limiting its actions to what the WTO member states agree to.
E) encouraging economic stagnation in poor countries so that rich countries can grow
faster.
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Learning Objective : 01-05 Explain the main arguments in the debate over the impact of globalization
Topic : 01-19 Globalization and National Sovereignty
103) The world's poorest nations have also faced __________.
103) ______
46. Version 1 46
A) standardization
B) alignment
C) global simplification
D) economic stagnation
E) consumerization
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Learning Objective : 01-05 Explain the main arguments in the debate over the impact of globalization
Topic : 01-20 Globalization and the World's Poor
104) Managing an international business is different from managing a purely domestic
business for all of the following reasons except:
104) ______
A) countries are different
B) international transactions involve converting money into different currencies
C) the range of problems confronted by a manager in an international business are
narrower than those confronted by a manager in a domestic business
D) an international business must find ways to work within the limits imposed by
government intervention in the international trade and investment system
E) different languages have to be learned
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Learning Objective : 01-06 Show how the process of globalization is giving rise to numerous opportuni
Topic : 01-21 Managing in the Global Marketplace
105) The closing Tim Hortons case study is an example of what?
105) ______
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A) how easily Canadian firms can enter the US market
B) the similarity of Canadian and US consumer tastes
C) Canadian firms buying up US firms
D) protests against globalization
E) the difficulty of Canadian firms expanding internationally
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Difficulty : Medium
Learning Objective : 01-06 Show how the process of globalization is giving rise to numerous opportuni
Topic : 01-21 Managing in the Global Marketplace
106) The Sustainability in Practice section focuses on measures that the Adidas Group has
taken to sustainability regarding: _______
106) ______
A) supply chain management and supplier labour standards
B) Supply chain management
C) labour standards
D) materials used in production
E) efficient water and stormwater management
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Difficulty : Easy
Learning Objective : 01-07 Understand how establishing and committing to a global supply chain code o
Topic : 01-22 Sustainability in Practice
SHORT ANSWER. Write the word or phrase that best completes each statement or
answers the question.
107) Describe the concept of globalization. What are the major opportunities and challenges
that globalization has created for business organization?
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Question Details
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Learning Objective : 01-01 Define the terms globalization, globalization of markets, and globalizatio
Difficulty : Easy
Topic : 01-02 What Is Globalization?
Topic : 01-03 The Globalization of Markets
Topic : 01-04 The Globalization of Production
108) Describe the two main facets of globalization. Explain how each of these components of
globalization has helped create the shift towards a more integrated world economy.
Question Details
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Learning Objective : 01-01 Define the terms globalization, globalization of markets, and globalizatio
Difficulty : Medium
Topic : 01-03 The Globalization of Markets
Topic : 01-04 The Globalization of Production
109) Describe the meaning of the term "trade barriers"? What measures have been taken by the
world community to reduce the impact of trade barriers on international trade?
Question Details
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Learning Objective : 01-03 Recognize why globalization and innovation are now proceeding at a rapid r
Difficulty : Hard
Topic : 01-07 Declining Trade and Investment Barriers
110) Describe the impact of the development of the World Wide Web on global commerce.
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Question Details
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Difficulty : Easy
Learning Objective : 01-03 Recognize why globalization and innovation are now proceeding at a rapid r
Topic : 01-08 The Role of Technological Change
111) Define the term "foreign direct investment (FDI)." How does the term "foreign direct
investment" differ from the term "international trade?"
Question Details
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Difficulty : Medium
Learning Objective : 01-04 Illustrate the changing demographics of the global economy.
Topic : 01-09 The Changing Demographics of the Global Economy
Topic : 01-10 The Changing World Output and World Trade Picture
Topic : 01-11 The Changing Foreign Direct Investment Picture
112) You manage a company that produces and sells cameras that work under water. The
camera bodies are made in China, in a facility your company owns, and which employs about
500 people. The electronics for the camera are bought from a supplier in South Korea. The lens
and optics are made in your own facility in Japan, which employs about 300 people. The final
product is also assembled and packaged at this facility in Japan. Your company currently
employs about 350 people in Canada (head office functions, advertising, legal, and sales). You
are a successful company, in business for many years, and you hope to expand your sales around
the globe.
What is this type of company called?
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Question Details
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Difficulty : Easy
Learning Objective : 01-04 Illustrate the changing demographics of the global economy.
Topic : 01-12 The Changing Nature of the Multinational Enterprise
113) You manage a company that produces and sells cameras that work under water. The
camera bodies are made in China, in a facility your company owns, and which employs about
500 people. The electronics for the camera are bought from a supplier in South Korea. The lens
and optics are made in your own facility in Japan, which employs about 300 people. The final
product is also assembled and packaged at this facility in Japan. Your company currently
employs about 350 people in Canada (head office functions, advertising, legal, and sales). You
are a successful company, in business for many years, and you hope to expand your sales around
the globe.
What are some other examples of this type of firm?
Question Details
Accessibility : Keyboard Navigation
Difficulty : Easy
Learning Objective : 01-04 Illustrate the changing demographics of the global economy.
Topic : 01-12 The Changing Nature of the Multinational Enterprise
114) You manage a company that produces and sells cameras that work under water. The
camera bodies are made in China, in a facility your company owns, and which employs about
500 people. The electronics for the camera are bought from a supplier in South Korea. The lens
and optics are made in your own facility in Japan, which employs about 300 people. The final
product is also assembled and packaged at this facility in Japan. Your company currently
employs about 350 people in Canada (head office functions, advertising, legal, and sales). You
are a successful company, in business for many years, and you hope to expand your sales around
the globe.
What have been the two most notable trends in these types of enterprises since the 1960s?
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Question Details
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Difficulty : Easy
Learning Objective : 01-04 Illustrate the changing demographics of the global economy.
Topic : 01-12 The Changing Nature of the Multinational Enterprise
115) Discuss the primary advantages and disadvantages of globalization. Do you believe the
advantages outweigh the disadvantages? How can the effects of the disadvantages of
globalization be reduced?
Question Details
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Difficulty : Medium
Learning Objective : 01-05 Explain the main arguments in the debate over the impact of globalization
Topic : 01-15 The Globalization Debate
Topic : 01-16 Antiglobalization Protests
Topic : 01-17 Globalization, Jobs, and Income
Topic : 01-18 Globalization, Labour Policies, and the Environment
Topic : 01-19 Globalization and National Sovereignty
Topic : 01-20 Globalization and the World's Poor
116) Country competitiveness is not something that is permanent or fixed. The dominant
features of the global economy are the rapid changes relative economic and competitive status of
different countries. Canada is not immune to these changes. We have seen our total share of the
global economy decrease and the loss of many industries. The anti-globalization movement has
been active in Canada. In particular they have been critical of multinational corporate power and
argued against global and regional agreements on economic growth and the lowering of trade
barriers. Others feel that globalization is inevitable and contributes to the well being of people
around the world.
a. Consider the overall impact of globalization on Canada from the perspective of a software
developer-has it been positive or negative? Explain your answer.
b. What kinds of strategies could a Canadian developer of software employ to reduce the
negative impacts and take advantage of the positive aspects? Explain your answer.
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Question Details
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Difficulty : Hard
Learning Objective : 01-06 Show how the process of globalization is giving rise to numerous opportuni
Topic : 01-21 Managing in the Global Marketplace
117) Why is international trade important to Canada?
Question Details
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Difficulty : Hard
Topic : 01-20 Globalization and the World's Poor
Learning Objective : 01-06 Show how the process of globalization is giving rise to numerous opportuni
118) What measures can global companies take to prove a commitment to sustainability?
Provide an example of a real company's practices.
Question Details
Accessibility : Keyboard Navigation
Difficulty : Medium
Learning Objective : 01-07 Understand how establishing and committing to a global supply chain code o
Topic : 01-22 Sustainability in Practice
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27) FALSE
28) TRUE
29) TRUE
30) TRUE
31) TRUE
32) TRUE
33) TRUE
34) FALSE
35) TRUE
36) FALSE
37) FALSE
38) C
39) C
40) D
41) B
42) D
43) D
44) D
45) A
46) C
47) A
48) C
49) D
50) B
51) A
52) C
53) B
54) D
55) C
56) B
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57) A
58) E
59) B
60) D
61) A
62) C
63) C
64) B
65) A
66) C
67) D
68) A
69) C
70) D
71) B
72) D
73) A
74) B
75) E
76) A
77) B
78) C
79) B
80) A
81) D
82) D
83) D
84) A
85) C
86) A
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87) A
88) C
89) A
90) A
91) D
92) D
93) C
94) C
95) E
96) C
97) C
98) C
99) A
100) A
101) A
102) C
103) D
104) C
105) E
106) A
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107) Globalization refers to a fundamental shift that is occurring in the
world economy. The world is progressively moving away from a
structure in which national economies are relatively isolated from each
other, towards a structure in which national economies are merging into
one huge interdependent global economic system. This trend is
commonly referred to as globalization. The trend towards globalization
is creating many opportunities for businesses to expand their revenues,
drive down their costs, and boost their profits. For example, many
Canadian firms are now exporting to previously closed foreign markets.
By doing so, these firms are simultaneously expanding their sales and
driving down their costs through additional economies of scale.
Globalization has also created challenges for business organizations. For
example, managers now have to grapple with a wide range of
globalization related issues. Examples of these issues include: should we
export, should we build a plant in a foreign country, should we modify
our products to suite the tastes of each of our foreign customers, and
how do we respond to foreign competition? These questions often do not
have easy answers, but are very important to the future competitiveness
of business organizations.
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108) The two main components of globalization are the globalization of
markets and the globalization of production. The globalization of
markets refers to the fact that in many industries historically distinct and
separate national markets are merging into one huge global marketplace.
The globalization of production refers to the tendency among many
firms to source goods and services from different locations around the
world in an attempt to take advantage of national differences in the cost
and quality of factors of production (such as labour, energy, and capital).
Both of these components of globalization have helped create the shift
towards a more integrated world economy. The globalization of markets
has created a "global" interest in many products, such as Coca-Cola, the
Apple iPhones, and Levi jeans. This "sharing of interest" in products
across national borders has facilitated the trend towards a more
integrated world economy. The globalization of production has resulted
in a substantial increase in the number of business relationships between
companies from different countries. This increase in the number and
intensity of interrelationships between companies from different
countries has also facilitated the trend towards a more integrated world
economy.
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109) Trade barriers are the regulations, tariffs, and other activities that
are put in place by governments for the purpose of protecting their
domestic industries from "foreign competition." For example, a country
may impose a stiff tariff on the import of foreign produced automobiles.
That makes it very difficult (i.e., creates a substantial barrier) for foreign
produced cars to be sold in their country. The world community has
taken a number of measures to not only lessen the impact of trade
barriers on international trade, but to remove trade barriers altogether.
The General Agreement on Tariffs and Trade (GATT) has been an
ongoing effort to remove and reduce trade barriers worldwide. Under the
umbrella of GATT, there have been eight rounds of negotiations among
member states, designed to lower and/or reduce all forms of trade
barriers. To provide the GATT treaty some teeth, the recently completed
Uruguay Round of GATT established the World Trade Organization
(WTO) which polices the international trading system. Although the
WTO cannot compel a nation to comply with the GATT treaty, it can
recommend that other member nations impose sanctions on the
offending party. Other business organizations, governments, trade
groups, and not-for-profit organizations are working hard to reduce and
remove trade barriers. The Doha and Cancun rounds have focused on the
question of agricultural subsidies used by developed countries to support
their farmers. These agricultural subsidies have made it almost
impossible for developing country farmers to compete.
110) Viewed globally, the internet has emerged as the great equalizer.
There is no geography on the Web and costs to provide extensive
information and product offerings are low when compared to other more
traditional means of doing business. It is a powerful dislocating force
that rolls back some constraints of location, scale, and time zones. The
Web allows businesses, both small and large, to expand their global
presence at a lower cost than ever before.
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111) Foreign direct investment occurs when a firm invests resources in
business activities outside its home country. For example, a Canadian
firm may invest in a production facility in Italy. International trade
occurs when a firm exports goods or services to consumers in another
country. The difference between the terms is that the term "international
trade" does not necessarily mean that a firm is investing resources in
business activities outside its home country the firm could be simply
exporting domestically produced products to a foreign country.
112) It is a multinational enterprise. A multinational enterprise is any
business that has productive activities in two or more countries.
113) There are many multinational enterprises, including General
Motors, Sony, General Electric, Exxon, and Toyota.
114) The two most notable trends in multinational enterprises since the
1960s have been (1) the rise of non-U.S. multinationals; and (2) the
growth of mini-multinationals. Mini-multinationals are small and
medium-sized international firms. The role of these firms is likely to
gain momentum in the future.
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115) There are many advantages of globalization. From a broad
perspective, globalization creates economic activity (which stimulates
economic growth), creates jobs, raises income levels, and provides
consumers with more choices in regard to the products and services that
are available to them. From the perspective of an individual firm,
globalization has the potential to increase revenues (through expanded
market potential), drive down costs (through additional economies of
scale), and boost profits. Conversely, critics argue that globalization
destroys manufacturing jobs in wealthy countries and contributes to
pollution. In regard to destroying manufacturing jobs, the basic thrust of
the critics' argument is that falling trade barriers allow firms in
industrialized countries to move their manufacturing activities offshore
to countries where wage rates are much lower. This activity, if it occurs,
has the undesirable side-effect of eliminating manufacturing jobs in the
industrialized country. In regard to pollution, the critics of globalization
argue that globalization encourages firms from advanced nations to
move manufacturing facilities offshore to less developed countries to
avoid the more stringent pollution controls in place in their home
countries. This activity increases worldwide pollution.
The final section of the question is designed to encourage classroom
discussion and/or to encourage students to "think" about how these
undesirable side-effects of globalization can be reduced.
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116) There are many advantages of globalization. From a broad
perspective, globalization creates economic activity (which stimulates
economic growth), creates jobs, raises income levels, and provides
consumers with more choices in regard to the products and services that
are available to them. From the perspective of an individual firm,
globalization has the potential to increase revenues (through expanded
market potential), drive down costs (through additional economies of
scale), and boost profits. Conversely, critics argue that globalization
destroys manufacturing jobs in wealthy countries and contributes to
pollution. In regard to destroying manufacturing jobs, the basic thrust of
the critics' argument is that falling trade barriers allow firms in
industrialized countries to move their manufacturing activities offshore
to countries where wage rates are much lower. This activity, if it occurs,
has the undesirable side-effect of eliminating manufacturing jobs in the
industrialized country. In regard to pollution, the critics of globalization
argue that globalization encourages firms from advanced nations to
move manufacturing facilities offshore to less developed countries to
avoid the more stringent pollution controls in place in their home
countries. This activity increases worldwide pollution.
The final section of the question is designed to encourage classroom
discussion and/or to encourage students to "think" about how these
undesirable side-effects of globalization can be reduced.
117) Canada's exports contributed about 32% of our GDP in 2019. We
have a trade surplus overall meaning we are exporting more than we are
importing. Many jobs and FDI are dependent upon international trade.
Canada needs international trade in order to maintain its standard of
living. However, Canada's standard of living has been decreasing
relative to the United States and unless Canada begins to increase their
productivity and international sales, the standard of living will continue
to decrease.
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118) In the case of Adidas Group, the company implemented a
"Workplace Standards" set of policies that establish a supply chain code
of conduct, which includes provisions covering workers' health and
safety and environmentally sound factory operations. To enforce
compliance the company enlists a double prong approach: (1) multilevel
monitoring and enforcement—including a rating system that influences
the decision to continue or sever business relationships with suppliers—
and (2) unannounced independent assessments to demonstrate the
credibility of the information collected.
In addition to these measures, Adidas is a member of the Fair Labor
Association (FLA), so is subject to external assessment by independent
monitors and public reporting.
Students may add additional measures to their answer, such as in the
materials they use in production, or their efficient use of natural
resources.