BA174 Quiz QuestionsCH 1-8CH 1CH 2CH 3Addl Ch 3CH 1-
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What is international business?- Which one of the following can best describe born global firms?
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- When IBM USA sources computer materials from
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different locations around the world to reduce the cost of production, this is called________.- Which one of following options helps
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companies reduce costs when they sell consumer goods globally?- Which one
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of these factors is a key driving force for globalization of market and production?Lacked the power to enforce world trade rules -GATT _______________, which ledto the creation of the WTO?It eliminates jobs and lowers wages in developed nations.- Which one of thefollowing is the main issue raised by critics of globalization?
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Which one of the following is claimed by supporters of globalization?
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an increase in the wage gap between white-collar and blue-collar occupations inrich nations- Opponents of globalization argue that freer trade and companies'continuous tendency to reduce costs has led companies to move into lower wage costlocations. This has resulted in ________.
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National Sovereignty- A nation's ability to enter into binding international agreementsis referred to as having ________.
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Opposition groups allege that globalization empowers organizations erodes the_____The opponents of globalization argue that freer trade and investment allows international companiesto ________.
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A company that adopts a global perspective and engages in international business from or near itsinception is known as a(n) ____________.
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A firm that produces a produce a product with universal but seasonal appeal and is trying to level itsincome stream and reduce or eliminate wide variations in domestic sales can supplement its domesticsales with_________________________________________________________
QUIZ 1. GLOBALIZATION
1.Some of the critics of globalization argue that the relentless pursuit of low-cost goods has led
to - foster trade and boost cross-border investment
2.The opponents of globalization argue that freer trade and investment allows international
companies to - close factories in high-wage-area developed nations and move them to low-
wage developing countries
3.Some of the critics of globalization argue that the relentless pursuit of low-cost goods has led
to - sending manufacturing jobs abroad
4.The power of the WTO that sets it apart from the GATT is its capability to – penalize offending
nations and the power to settle trade disputes
5.two main forces that underlie the globalization of markets and production - Falling barriers to
trade and investment and technological innovation
6.Why do companies typically produce goods and services abroad? - To internationalize their
operation
7.The convergence in buyer preferences in countries around the world is referred to as -
globalization of markets
8.Companies that sell global products can standardize certain market activities in order to -
reduce marketing costs
9.The ____________ is an agency that was created to regulate fixed exchange rates and to
enforce the rules of the international monetary system -
International Monetary Fund
10.Why do most international firms today support reasonable environmental laws? - They
recognize that healthy future markets require a sustainable approach to the business
expansion for future local markets for their goods and services.
11. Globalization supporters argue that globalization increases wealth and efficiency in both
developed and underdeveloped nations because of - openness to international trade
increases national production
12. The globalization impact on the gap between rich and poor nations varies. One group
of nations, such as China and India, is closing the gap with rich economies while a second
group of poor countries is falling further behind, such as most countries in Africa. On closer
inspection this is due to which one of the following? - The level of embracing globalization by
developing countries
13.Multinational corporations are key players in international business and can be described as
companies that - have direct investments in the form of marketing or manufacturing
subsidiaries abroad in multiple countries
14.Which of the following is a major flaw of the original GATT? - It lacked the power to enforce
trade rules.
15.Opposition groups allege that globalization empowers organizations erodes the -
sovereignty of a nation
16.The revision in 1994 of the GATT clearly defined intellectual property rights in order to - give
more protection to copyrights, trademarks, and patents
17.Operating across borders and time zones could complicate the job of coordinating and
controlling international business activities especially for smaller firms. To operate
more efficiently, international companies tend to - accelerate the use of technology, email,
video conferencing, the Internet, and intranets.
18.Globalization of markets can benefit companies that sell a global product and creates new
market opportunities abroad especially if their home market - is small or becoming saturated
19.Which one of the following best describes the sourcing of key production inputs, such as raw
materials or products, for assembly as well as the international outsourcing of services -
Globalization of production
20.A firm that produces a product with universal but seasonal appeal and is trying to level its
income stream and reduce or eliminate wide variations in domestic sales can supplement its
domestic sales with - international sales
21.A firm is less likely to offer a standardized product globally when - the benefit of serving the
customers with an adapted product may outweigh the benefit of a standardized product
22.Japan's largest paper company, Nippon Seishi, has decided to own huge forests and
corresponding processing facilities in Australia, Canada, and the U.S. so it can - guarantee a
steady flow of its wood pulp