Globalization

This question bank verified by Studydeets

All Questions

Question 1

Free

True/False

Since Wally's Whistles is a medium-size business, it wouldn't benefit from globalization.

Choose correct answer/s

True

False

Check answer

Question 2

Free

True/False

Globalization of production can help companies lower their overall cost structure or improve the quality or functionality of their product offering.

Choose correct answer/s

True

False

Check answer

Question 3

Free

True/False

Johann's business does not make consumer products; therefore, it would not be likely to participate in global markets.

Choose correct answer/s

True

False

Check answer

Question 4

Free

True/False

Outsourcing is a process that is limited to manufacturing enterprises.

Choose correct answer/s

True

False

Check answer

Question 5

Free

True/False

The World Bank has focused on policing the world trading system and making sure nation-states adhere to the rules laid down in trade treaties.

Choose correct answer/s

True

False

Check answer

Question 6

True/False

When Cyprus had a financial crisis, it went to the World Bank, known as the lender of last resort, to bail it out.

Choose correct answer/s

True

False

To unlock the question

Question 7

True/False

One of the UN's central mandates is the promotion of higher standards of living, full employment, and conditions of economic and social progress and development.

Choose correct answer/s

True

False

To unlock the question

Question 8

True/False

The Uruguay Round, finalized in December 1993, reduced protection for patents, trademarks, and copyrights.

Choose correct answer/s

True

False

To unlock the question

Question 9

True/False

"Beggar thy neighbor" retaliatory trade policies involved countries progressively lowering trade barriers against each other, which contributed to the Great Depression of the 1930s.

Choose correct answer/s

True

False

To unlock the question

Question 10

True/False

Rivers Inc., a U.S.-based sports apparel manufacturer, sets up a production unit in China to take advantage of the lower labor costs there. This is an example of foreign direct investment.

Choose correct answer/s

True

False

To unlock the question

Question 11

True/False

World Bank gives aid of $100 million to Kenya for creating rural health care facilities. This is an example of foreign direct investment.

Choose correct answer/s

True

False

To unlock the question

Question 12

True/False

The lowering of barriers to international trade enables firms to view the world, rather than a single country, as their market.

Choose correct answer/s

True

False

To unlock the question

Question 13

True/False

According to WTO data, the volume of world merchandise trade has grown faster than the world economy since 1950.

Choose correct answer/s

True

False

To unlock the question

Question 14

True/False

The cost of microprocessors continues to fall, while their power increases. This statement supports the predictions made by Moore's Law.

Choose correct answer/s

True

False

To unlock the question

Question 15

True/False

Foreign direct investment by non-U.S. firms increased because they wanted to disperse production activities to optimal locations and to build a direct presence in major foreign markets.

Choose correct answer/s

True

False

To unlock the question

Question 16

True/False

A current trend in international business is the decline of medium-sized and small multinationals, known as mini-multinationals.

Choose correct answer/s

True

False

To unlock the question

Question 17

True/False

The globalization of the world economy has resulted in a relative increase in the dominance of U.S. firms in the global marketplace.

Choose correct answer/s

True

False

To unlock the question

Question 18

True/False

Because Russia has shown signs of shifting back toward greater state involvement in economic activity and authoritarian government, doing business in Russia is considered risky.

Choose correct answer/s

True

False

To unlock the question

Question 19

True/False

According to globalization critics, the decline in unskilled wage rates is due to the migration of low-wage manufacturing jobs offshore and a corresponding reduction in demand for unskilled workers.

Choose correct answer/s

True

False

To unlock the question

Question 20

True/False

Evidence suggests that technological change has had a bigger impact than globalization on the declining share of national income enjoyed by unskilled labor.

Choose correct answer/s

True

False

To unlock the question