Question 1

Which of the following is true of the Group of 20 (G-20) ?

Accepted Answer

A)   It only has 19 member countries.
B)   It doesn't represent any European nation.
C)   It meets annually to discuss environmental issues.
D)   It includes many regional blocs.

Question 2

Explain the success and failure of global firms based on institution- and resource-based views.

Accepted Answer

Global firms can gain success in today's...

Question 3

Explain the benefits of gaining international business experience and working as an expat.

Accepted Answer

Answers may vary.
People skills and grea...

Question 4

People who live in the Triad countries comprise the _____ of the global economic pyramid.

Accepted Answer

A)   top tier
B)   second tier
C)   base
D)   outlier

Question 5

What is the relationship between gross domestic product (GDP)and purchasing power parity (PPP)?

Accepted Answer

The IMF uses the United States as benchm...

Question 6

Which of the following is true of economies in the base of the global economic pyramid?

Accepted Answer

A)   They are composed of developed economies.
B)   They are composed of people from North America, Western Europe, and Japan.
C)   They are largely ignored by MNEs.
D)   They attract the largest FDI from MNEs.

Question 7

The institution-based view places emphasis on the external factors that could affect a firm.

Accepted Answer

A) True 
 B)False

Question 8

The _____ view of global business focuses on external factors that affect a firm's performance.

Accepted Answer

A)   resource-based
B)   asset-based
C)   capability-based
D)   institution-based D

Question 9

Semiglobalization is primarily caused by the practice of total isolation.

Accepted Answer

A) True 
 B)False

Question 10

Emerging markets contribute about 26% of global GDP without adjusting for purchasing power parity (PPP).

Accepted Answer

A) True 
 B)False

Question 11

The current state of globalization around the world is that of semiglobalization.

Accepted Answer

A) True 
 B)False

Question 12

Explain the role of nongovernmental organizations (NGOs)in globalization.

Accepted Answer

Many of the opponents of globalization a...

Question 13

Which of the following countries is represented in the Triad of the global economic pyramid?

Accepted Answer

A)   India
B)   China
C)   Japan
D)   Russia

Question 14

Without adjusting for PPP,emerging economies contribute about 26% of the global GDP.Adjusting for PPP,they now contribute approximately 45% of the global GDP.The reason there is a huge difference between the two measures is because:

Accepted Answer

A)   the cost of living in emerging economies tends to be lower than that in developed economies.
B)   the purchasing power parity is much higher in emerging countries.
C)   the population in emerging economies is much higher than that in developed economies.
D)   the deficit spending in emerging economies is much larger than that in developed economies. A

Question 15

Which of the following would be an example of a top down innovation?

Accepted Answer

A)   Lowering prices and features of existing products to meet emerging market needs
B)   Launching a product in and for emerging economies
C)   Adopting an innovation first in emerging economies and then diffusing it around the world
D)   Introducing products from emerging markets into developed markets

Question 16

More than half the GDP produced by emerging markets comes from outside the BRIC countries.

Accepted Answer

A) True 
 B)False

Question 17

Which of the following regions in the global economic pyramid would comprise developed nations?

Accepted Answer

A)   The base
B)   The Triad
C)   The second tier
D)   The outlier

Question 18

A conversion that determines the equivalent amount of goods and services that different currencies can buy is known as _____.

Accepted Answer

A)   purchasing power parity
B)   foreign exchange rate
C)   country's deficit
D)   gross domestic product A

Question 19

A _____ is defined as an innovation that is adopted first in emerging economies and then diffused around the world.

Accepted Answer

A)   reverse innovation
B)   reverse-engineered innovation
C)   top down innovation
D)   traditional innovation

Question 20

The concept of _____ suggests that barriers to market integration at borders are high,but not high enough to completely insulate countries from each other.

Accepted Answer

A)   localization
B)   technocapitalism
C)   semiglobalization
D)   total globalization

Exam 1: Globalizing Business

Which of the following is true of the Group of 20 (G-20) ?

Correct AnswerverifiedShow Answer

Explain the success and failure of global firms based on institution- and resource-based views.

Correct AnswerverifiedGlobal firms can gain success in today's...View AnswerShow Answer

Explain the benefits of gaining international business experience and working as an expat.

Correct AnswerverifiedAnswers may vary.People skills and grea...View AnswerShow Answer

People who live in the Triad countries comprise the _____ of the global economic pyramid.

Correct AnswerverifiedShow Answer

What is the relationship between gross domestic product (GDP)and purchasing power parity (PPP)?

Correct AnswerverifiedThe IMF uses the United States as benchm...View AnswerShow Answer

Which of the following is true of economies in the base of the global economic pyramid?

Correct AnswerverifiedShow Answer

The institution-based view places emphasis on the external factors that could affect a firm.

Correct AnswerverifiedShow Answer

The _____ view of global business focuses on external factors that affect a firm's performance.

Correct AnswerverifiedD

Semiglobalization is primarily caused by the practice of total isolation.

Correct AnswerverifiedShow Answer

Emerging markets contribute about 26% of global GDP without adjusting for purchasing power parity (PPP).

Correct AnswerverifiedShow Answer

The current state of globalization around the world is that of semiglobalization.

Correct AnswerverifiedShow Answer

Explain the role of nongovernmental organizations (NGOs)in globalization.

Correct AnswerverifiedMany of the opponents of globalization a...View AnswerShow Answer

Which of the following countries is represented in the Triad of the global economic pyramid?

Correct AnswerverifiedShow Answer

Without adjusting for PPP,emerging economies contribute about 26% of the global GDP.Adjusting for PPP,they now contribute approximately 45% of the global GDP.The reason there is a huge difference between the two measures is because:

Correct AnswerverifiedA

Which of the following would be an example of a top down innovation?

Correct AnswerverifiedShow Answer

More than half the GDP produced by emerging markets comes from outside the BRIC countries.

Correct AnswerverifiedShow Answer

Which of the following regions in the global economic pyramid would comprise developed nations?

Correct AnswerverifiedShow Answer

A conversion that determines the equivalent amount of goods and services that different currencies can buy is known as _____.

Correct AnswerverifiedA

A _____ is defined as an innovation that is adopted first in emerging economies and then diffused around the world.

Correct AnswerverifiedShow Answer

The concept of _____ suggests that barriers to market integration at borders are high,but not high enough to completely insulate countries from each other.

Correct AnswerverifiedShow Answer

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Global firms can gain success in today's...
View Answer

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Answers may vary.
People skills and grea...
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The IMF uses the United States as benchm...
View Answer

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Many of the opponents of globalization a...
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A

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