QEB3373 Ch. 1 Homework

All of the following have aided in the expansion of globalization EXCEPT
A. worldwide trade agreements
B. improved transportation methods
C. improved communications technology
D. the breakdown of regional trade accords

D. the breakdown of regional trade accords

All of the following are strategic imperatives that cause companies to globalize EXCEPT
A.the need to compete with rivals
B. changes in the political environment
C. the need to acquire resources
D. desires to seek new markets

B. changes in the political environment

The United States’ biggest trading partner (in terms of the value of goods and services traded bilaterally) is

A. Mexico
B. Germany
C. China
D. Canada

C. China

Which of the following is an example of intangible trade?
A. cars
B. accounting
C. oil
D. food

B. accounting

All of the following are political changes that have facilitated globalization EXCEPT
A. The creation of the GATT
B. Increased war in regions worldwide
C. The creation of the WTO
D. Expanding regional trade agreements

B. Increased war in regions worldwide

According to the Chapter 1 lecture, all of the following are aspects of globalization EXCEPT
A. cultural
B. biological
C. legal
D. economic

C. Legal

What are some of the ways international business differs from doing business domestically?
A. The skills and knowledge needed to run a successful domestic firm are more global in nature than those needed for success in the international business arena
B. global firms have to comply with laws in their home and host countries; domestic firms only have to comply with domestic laws
C. international firms are required to use domestic resources; domestic firms may use resources from other countries
D. domestic firms must deal with borders; international firms do not

B. global firms have to comply with laws in their home and host countries; domestic firms only have to comply with domestic laws

Domestic and international business differ in all of the following ways EXCEPT
A. knowledge and skills needed
B. legal systems
C. currencies required
D. profit motivation

D. profit motivation

The majority of FDI comes from ______; the majority of FDI goes to _____.
A. developed countries; developed countries
B. developed countries; developing countries
C. developing countries; developed countries
D. developing countries; developing countries

A. developed countries; developed countries

In 2008-2009, why did global economic indicators fall sharply worldwide?
A. increased global regulations
B. global recession
C.elections in the U.S. and EU
D. war in the Middle East

B. Global recession

The world’s most globalized countries tend to share all of the following characteristics EXCEPT
A. They are geographically large
B. They have many international economic ties
C. Most are found in Europe
D. They are geographically small

A. They are geographically large

FDI inflows to the developing world exceeded those from the developed world for the first time in
A. 2010
B. Never
C. 2008
D. 2013

D. 2013

According to the Chapter 1 lecture, countries topping the Global Talent and Competitiveness Index are less likely to be highly globalized.

A. False
B. True

A. False

All of the following international political changes facilitated globalization EXCEPT
A. The expansion of the EU
B. The creation of the GATT
C. The creation of the League of Nations
D. The creation of the WTO

C. The creation of the League of Nations

How does international franchising relate to international licensing?
A. licensing is a special form of franchising
B. they are interchangeable terms
C. they don’t relate to each other at all
D. franchising is a special form of licensing

D. franchising is a special form of licensing

All of the following are acronyms that represent groups of emerging markets EXCEPT
A. BRICS
B. LDCs
C. MINTs
D. CIVETs

B. LDCs

As long as you do NOT have a full-time job, you will be counted as unemployed by the U.S. government Bureau of Labor Statistics.
A. True
B. False

B. False

The global _____ is currently expanding at the fastest rate in history
A. middle class
B. political elite
C. lower class
D. upper class

A. middle class

All of the following are CIVETS EXCEPT
A. Colombia
B. Thailand
C. South Africa
D. Egypt

B. Thailand

Melanie works in the United States selling computer hardware to a company in Germany. Melanie engages in
A. merchandise importing
B. service exporting
C. merchandise exporting
D. service importing

C. merchandise exporting