Study Guide for International management

Please answer with bolding, italics, highlighting, or strikethrough. Stay consistent.

The shift toward a more integrated and interdependent world economy is referred to as
a) economic integration
b) economic interdependency
c) globalization
d) internationalization

The merging of historically distinct and separate national markets into one huge global marketplace is known as
a) global market facilitation
b) cross-border trade
c) supranational market integration
d) the globalization of market

Firms that are involved in international business tend to be
a) large
b) small
c) medium-sized
d) large, small, and medium-sized

Which of the following trends is true?
a) the United States is accounting for a greater percentage of world trade than ever before
b) the United States is accounting for a greater percentage of foreign direct investment than ever before
c) the share of world trade accounted for by developing countries is rising
d) the share of foreign direct investment by developing countries is declining

Which is not a factor of production?
a) trade
b) land
c) capital
d) energy

The sourcing of good and services from around the world to take advantage of national differences in the cost and quality of factors of production is called
a) economies of scale
b) the globalization of production
c) global integration
d) global sourcing

Which organization is responsible for policing the world trading system?
a) the International Monetary Fund
b) the United Nations
c) the World Trade Organization
d) the World Bank Which of these is not a concern of anti-globalization protesters?
a) globalization raises consumer income
b) globalization contributes to environmental degradation
c) globalization is causing a loss of manufacturing jobs in developing countries
d) globalization implies a loss of national sovereignty

A political system that stresses the primacy of collective goals over individual goals is called
a)