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

Topic: Introduction
12. The most global of brand names is in:
A. services.
B. consumer goods.
C. industrial goods.
D. intellectual capital.
Ans: C
Blooms: Comprehension
Difficulty: Medium
Learning Objective: 1.1 Explain the process and drivers of globalisation and the opportunities and challenges it creates for business.
Topic: What Is Globalisation?
13. Critics of offshoring, which is when tasks previously performed in one country are
undertaken abroad, suggest that it causes ________________ and _______________.
A. job losses; depresses wages
B. higher trade; lower trade barriers
C. poverty; greater wealth concentration
D. home-country costs; host-country benefits
Ans: A
Blooms: Knowledge
Difficulty: Hard
Learning Objective: 1.4 Debate the impact of globalisation on issues such as job security, income inequality and the environment.
Topic: The Globalisation Debate
14. Which of the following refers to the exporting of goods or services to consumers in another
country?
A. Situational commerce.
B. World exchange.
C. International trade.
D. Cross-national barter.
Ans: C
Blooms: Knowledge
Difficulty: Easy
Learning Objective: 1.1 Explain the process and drivers of globalisation and the opportunities and challenges it creates for business.
Topic: Drivers of Globalisation
15. When a firm invests resources in business activities outside its home country, giving it
control over those activities, this is referred to as:
A. international trade.
B. domestic direct investment.
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Hill (2019), Global Business Today 5e, McGraw-Hill Education (Australia)
Chapter 01 Testbank
C. transnational barter.
D. foreign direct investment.
Ans: D
Blooms: Knowledge
Difficulty: Easy
Learning Objective: 1.1 Explain the process and drivers of globalisation and the opportunities and challenges it creates for business.
Topic: Drivers of Globalisation
16. Critics of globalisation argue that falling trade barriers and the costs of production allow
firms to move manufacturing operations to countries where the wage rates are much lower than
in Australia. Supporters of globalisation reply to these criticisms and trends by making the point
that:
A. the benefits outweigh the costs.
B. the costs outweigh the benefits.
C. costs are offset by concentrating on product and market factors.
D. consumers benefit in the long run.
Ans: A
Blooms: Comprehension
Difficulty: Medium
Learning Objective: 1.4 Debate the impact of globalisation on issues such as job security, income inequality and the environment.
Topic: The Globalisation Debate
17. The globalisation of _______________ refers to the sourcing of goods and services from
locations around the globe to take advantage of national differences in the cost and quality of
factors of production (such as labour, energy, land and capital).
A. information technology
B. process design
C. markets
D. production
Ans: D
Blooms: Knowledge
Difficulty: Easy
Learning Objective: 1.1 Explain the process and drivers of globalisation and the opportunities and challenges it creates for business.
Topic: What Is Globalisation?
18. The globalisation of ______________ refers to the merging of historically distinct and
separate national markets into one huge global marketplace.
A. corporations
B. production
C. markets
D. culture
Ans: C
Blooms: Knowledge
Difficulty: Medium
Learning Objective: 1.1 Explain the process and drivers of globalisation and the opportunities and challenges it creates for business.
Topic: What Is Globalisation?
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Hill (2019), Global Business Today 5e, McGraw-Hill Education (Australia)
Chapter 01 Testbank
19. A company does not have to be the size of a multinational corporation to facilitate and
benefit from the globalisation of markets. In Australia, for example, _______ of all goods
exporters are small businesses employing fewer than ___________ employees.
A. 57 per cent; 10
B. 67 per cent; 15
C. 44 per cent; 20
D. 87 per cent; 25
Ans: C
Blooms: Knowledge
Difficulty: Easy
Learning Objective: 1.1 Explain the process and drivers of globalisation and the opportunities and challenges it creates for business.
Topic: What Is Globalisation?
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20. Fifty outside suppliers spread around the world account for 65 per cent of the value of
Boeing’s 787 Dreamliner. As such, Boeing can be said to be undertaking:
A. exporting.
B. licensing.
C. outsourcing.
D. franchising.
Ans: C
Blooms: Comprehension
Difficulty: Medium
Learning Objective: 1.1 Explain the process and drivers of globalisation and the opportunities and challenges it creates for business.