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

Ans: D
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: The Emergence of Global Institutions
1-20
Hill (2019), Global Business Today 5e, McGraw-Hill Education (Australia)
Chapter 01 Testbank
30. Promoting economic development, primarily by offering financial and technical assistance to
governments of poorer nations, is the purpose of:
A. the United Nations.
B. the International Monetary Fund.
C. the World Trade Organization.
D. the World Bank.
Ans: D
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: The Emergence of Global Institutions
31. __________ and _______ are the two macro factors that seem to underlie the trend towards
greater globalisation.
A. The increase in global economic stability; the slowdown in technological change
B. The increase in barriers to the free flow of goods, services and capital that has occurred since
the end of World War Two; global economic stability
C. The decline in barriers to the free flow of goods, services and capital that has occurred in the
past 10 years; the slowdown in technological change
D. The decline in barriers to the free flow of goods, services and capital that has occurred since
the end of World War Two; increased technological change
Ans: D
Blooms: Comprehension
Difficulty: Hard
Learning Objective: 1.1 Explain the process and drivers of globalisation and the opportunities and challenges it creates for business.
Topic: Drivers of Globalisation
32. The investing of resources in business activities outside a firm’s home country is referred to
as:
A. international trade.
B. domestic direct investment.
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
33. The ___________________ (now subsumed under the World Trade Organization) is a treaty
designed to remove barriers to the free flow of goods, services and capital between nations.
A. Global Agreement on Tariffs and Commerce
B. United Nations Treaty on Trade
C. General Agreement on Tariffs and Trade
D. Multinational Agreement on Tariffs and Commerce
Ans: C
1-21
Hill (2019), Global Business Today 5e, McGraw-Hill Education (Australia)
Chapter 01 Testbank
Blooms: Comprehension
Difficulty: Easy
Learning Objective: 1.1 Explain the process and drivers of globalisation and the opportunities and challenges it creates for business.
Topic: The Emergence of Global Institutions
34. Evidence suggests that foreign direct investment is playing:
A. a decreasing role in the world economy.
B. an increasing role in the world economy for services but a decreasing role in the world
economy for manufactured goods.
C. an increasing role in the world economy for manufactured goods but a decreasing role in the
world economy for services.
D. an increasing role in the world economy.
Ans: D
Blooms: Comprehension
Difficulty: Easy
Learning Objective: 1.2 Illustrate how the global economy has changed over the past 50 years.
Topic: The Changing Shape of the Global Economy
35. When discussing foreign direct investment (FDI), it is important to distinguish between the
flow of FDI and the _____________ of FDI.
A. outflow
B. inflow
C. stock
D. trade
Ans: C
Blooms: Comprehension
Difficulty: Easy
Learning Objective: 1.2 Illustrate how the global economy has changed over the past 50 years.
Topic: The Changing Shape of the Global Economy
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36. Two factors seem to underlie the trend towards globalisation: (i) declining trade barriers; and
(ii) changes in communication, information and transport technologies. These factors have
facilitated the trend towards the globalisation of production and have enabled companies to view
the world as __________.
A. a single market
B. multiple markets
C. two markets
D. three markets
Ans: A
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?
1-22
Hill (2019), Global Business Today 5e, McGraw-Hill Education (Australia)
Chapter 01 Testbank
37. ______________ is the theory that predicts that the power of microprocessor technology