Global Business Today: Asia-Pacific Perspective 5th edition by Charles W. L. Hill Test bank

business.
Topic: Managing in the Global Marketplace: What’s the Difference?
46. Managing an international business is different from and more challenging than managing a
domestic business, for a variety of reasons, including country differences, the wider range of
more complex problems, the greater intensity of competition, the increased likelihood of
intervention by both home and host governments, and:
A. the fact that barriers to cross-border trade and investment are said to be flat or dormant.
B. the fact that outsourcing is increasing due to worldwide productivity.
C. the added complexity of conducting transactions in different countries.
D. the fact that national economies are becoming increasingly interdependent on each other.
Ans: C
Blooms: Comprehension
Difficulty: Hard
Learning Objective: 1.5 Compare how the management of international business differs from the management of domestic
business.
Topic: Managing in the Global Marketplace: What’s the Difference?
Full download link: https://bit.ly/30VaQky
47. An important positive driver of the growth of the Indian software industry has been:
A. India’s earnings growth of more than 50 per cent per annum.
B. India’s proximity to China.
C. the falling regulatory and administrative barriers to doing business internationally.
D. India’s abundant supply of engineering talent.
1-25
Hill (2019), Global Business Today 5e, McGraw-Hill Education (Australia)
Chapter 01 Testbank
Ans: D
Blooms: Knowledge
Difficulty: Medium
Learning Objective: 1.2 Illustrate how the global economy has changed over the past 50 years.
Topic: The Changing Shape of the Global Economy
48. In keeping with the normative prescriptions of liberal economic ideology, in country after
country we have seen state-owned businesses privatised, widespread deregulation adopted,
markets opened to more competition, and commitment increased to removing barriers to cross-
border trade and investment. All of this helps to:
A. achieve economic dominance over the rest of the world.
B. ensure that authoritarian governments shift their emphasis towards more democratic controls.
C. facilitate a move towards the establishment of a more global economic system.
D. predict shifts (along with their attendant risks) in the economic, political, social, technological
and environmental structures of the world.
Ans: C
Blooms: Comprehension
Difficulty: Medium
Learning Objective: 1.3 Justify the labelling of the 21st century as the Emerging Markets Century.
Topic: The Changing Shape of the Global Economy
49. The Group of Twenty (G20) is an international forum comprising the government
representatives of the G8 and other economies, including the emerging economies of Brazil,
China and India, as a reflection of their rising global economic and political power to:
A. achieve economic dominance over the rest of the world.
B. ensure that authoritarian governments shift their emphasis towards more democratic controls.
C. help facilitate continuing globalisation and trade liberalisation.
D. predict shifts (along with their attendant risks) in the economic, political, social, technological
and environmental structures of the world.
Ans: C
Blooms: Comprehension
Difficulty: Medium
Learning Objective: 1.2 Illustrate how the global economy has changed over the past 50 years.
Topic: The Changing Shape of the Global Economy
50. A sovereign wealth fund is a:
A. government-controlled fund that manages and invests government savings.
B. privately controlled fund that manages and invests private sector savings.
C. pseudo-controlled fund that manages both private and government savings.
D. savings fund for the benefit of countries in the Commonwealth only.
Ans: A
Blooms: Knowledge
Difficulty: Medium
Learning Objective: 1.2 Illustrate how the global economy has changed over the past 50 years.
Topic: The Changing Shape of the Global Economy
1-26
Hill (2019), Global Business Today 5e, McGraw-Hill Education (Australia)
Chapter 01 Testbank
51. Each market is a product of idiosyncratic historical, political, legal, economic and cultural
forces within the country. Understanding these conditions and learning how to work with them in
the specific market is the key to taking advantage of the growth opportunities that emerging
markets offer in the______________.
A. 19th century
B. 20th century
C. 21st century
D. 18th century
Ans: C
Blooms: Knowledge
Difficulty: Medium
Learning Objective: 1.3 Justify the labelling of the 21st century as the Emerging Markets Century.
Topic: The Changing Shape of the Global Economy
52. The Group of Eight (G8) comprises representatives of the governments of Canada, France,