International Management: Culture, Strategy, and Behavior 11th Edition by Fred Luthans Test bank

globalization for
countries, industries,
firms, and
communities.
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 8.
Award: 10.00 points
 9.
Award: 10.00 points
Nongovernmental organizations (NGOs) have become more active in expressing concerns about
the potential shortcomings of economic globalization.
True
False
As the pace of global integration quickens, so have the cries against globalization and the
emergence of new concerns over mounting global pressures. Nongovernmental organizations
(NGOs) have become more active in expressing concerns about the potential shortcomings of
economic globalization.
References
True / False Learning Objective:
01-01 ASSESS the
implications of
globalization for
countries, industries,
firms, and
communities.
In a command economy, a general balance between supply and demand sustains prices, while an
imbalance creates a price fluctuation.
True
False
In a command economy, the government has explicit control over the price and supply of a good or
service. The particular goods and services offered are not necessarily in response to consumers'
stated needs but are determined by the theoretical advancement of society.
References
True / False Learning Objective:
01-02 REVIEW the
major trends in
global and regional
integration.
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 10.
Award: 10.00 points
 11.
Award: 10.00 points
Monopolies are a danger to the market economy system because they tend to stifle economic
growth.
True
False
Monopolies are a danger to the market economy system because they tend to stifle economic
growth and consumer choice with their power to determine supply. Factors such as efficiency of
production and quality and pricing of goods can be chosen arbitrarily by monopolies, leaving
consumers without a choice and at the mercy of big businesses.
References
True / False Learning Objective:
01-02 REVIEW the
major trends in
global and regional
integration.
In the context of the emerging markets of Asia, India is attractive to multinationals, especially U.S.
and British firms.
True
False
India is attractive to multinationals, especially U.S. and British firms. Many Indian people speak
English, are very well educated, and are known for advanced information technology expertise.
References
True / False Learning Objective:
01-03 EXAMINE the
changing balance of
global economic
power and trade and
investment flows
among countries.
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 12.
Award: 10.00 points
 13.
Award: 10.00 points
The United States has considerable foreign direct investment in Germany, more than in any other
country.
True
False
The United States has considerable foreign direct investment in Canada, more than in any other
country. Canada is the United States' largest trading partner, a position it has held for many years.
References
True / False Learning Objective:
01-03 EXAMINE the
changing balance of
global economic
power and trade and
investment flows
among countries.
Despite being unable to take full advantage of globalization, there is still hope in the future for
Africa because the potential of African countries remains virtually untapped.
True
False
Despite being unable to take full advantage of globalization, there is still hope in the future for
Africa because the potential of African countries remains virtually untapped. Not only are there
considerable natural resources, but the diversity itself also can be used to advantage.
References
True / False Learning Objective:
01-03 EXAMINE the
changing balance of
global economic
power and trade and
investment flows
among countries.
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 14.
Award: 10.00 points
 15.
Award: 10.00 points
One of the factors that contributed to the early success of the Japanese economy is the presence
of chaebols.
True
False
One of the factors that contributed to the early success of the Japanese economy is the Ministry of
International Trade and Industry (MITI). This is a governmental agency that identifies and ranks
national commercial pursuits and guides the distribution of national resources to meet these goals.
References
True / False Learning Objective:
01-03 EXAMINE the
changing balance of
global economic
power and trade and
investment flows
among countries.
About 46 percent of employees in both the United States and Russia would prefer a work schedule