Chpt 1 Sample
Chapter 01
Globalization
True / False Questions
1. Globalization refers to the shift toward a more integrated and interdependent world economy.
True False
2. Tastes and preferences of consumers in different nations are beginning to converge on some global norm.
True False
3. A company has to be a major multinational corporation to facilitate and benefit from the globalization of markets.
True False
4. Because of globalization, companies rarely need to customize marketing strategies, product features, and operating practices in different countries.
True False
5. The most global markets currently are markets for consumer products.
True False
6. As firms follow each other around the world, they bring with them many of the assets that served them well in other national markets. Thus, greater diversity replaces uniformity.
True False
7. Substantial impediments such as barriers to foreign direct investment make it difficult for firms to achieve the optimal dispersion of their productive activities to locations around the globe.
True False
8. The GATT succeeded the World Trade Organization (WTO).
True False
9. Over its entire history, the WTO has promoted the lowering of barriers to cross-border trade and investment.
True False
10. The IMF is less controversial than its sister concern, the World Bank.
True False
11. The IMF is often seen as the lender of last resort to nation-states whose economies are in turmoil.
True False
12. After World War I, the advanced nations of the West committed themselves to removing barriers to the free flow of goods, services, and capital between nations.
True False
13. World merchandise trade includes trade in manufactured goods, agricultural goods, and services.
True False
14. Trade in services now accounts for more than half of the value of all
Globalization
True / False Questions
1. Globalization refers to the shift toward a more integrated and interdependent world economy.
True False
2. Tastes and preferences of consumers in different nations are beginning to converge on some global norm.
True False
3. A company has to be a major multinational corporation to facilitate and benefit from the globalization of markets.
True False
4. Because of globalization, companies rarely need to customize marketing strategies, product features, and operating practices in different countries.
True False
5. The most global markets currently are markets for consumer products.
True False
6. As firms follow each other around the world, they bring with them many of the assets that served them well in other national markets. Thus, greater diversity replaces uniformity.
True False
7. Substantial impediments such as barriers to foreign direct investment make it difficult for firms to achieve the optimal dispersion of their productive activities to locations around the globe.
True False
8. The GATT succeeded the World Trade Organization (WTO).
True False
9. Over its entire history, the WTO has promoted the lowering of barriers to cross-border trade and investment.
True False
10. The IMF is less controversial than its sister concern, the World Bank.
True False
11. The IMF is often seen as the lender of last resort to nation-states whose economies are in turmoil.
True False
12. After World War I, the advanced nations of the West committed themselves to removing barriers to the free flow of goods, services, and capital between nations.
True False
13. World merchandise trade includes trade in manufactured goods, agricultural goods, and services.
True False
14. Trade in services now accounts for more than half of the value of all