International Management: Culture, Strategy, and Behavior 11th Edition by Fred Luthans Test bank
Trade imperfection
Foreign direct investment (FDI) is the term used to indicate the amount invested in property, plant,
and equipment in another country.
References
Multiple Choice Learning Objective:
01-01 ASSESS the
implications of
globalization for
countries, industries,
firms, and
communities.
40.
Award: 10.00 points
According to the World Trade Organization, in 2017 merchandise exports:
reached $17.5 trillion.
declined for the first time since 1983.
remained fairly consistent.
decreased by almost 50 percent.
According to the World Trade Organization, in 2017 merchandise exports reached $17.5 trillion, and
commercial services exports reached $6.8 trillion.
References
Multiple Choice Learning Objective:
01-01 ASSESS the
implications of
globalization for
countries, industries,
firms, and
communities.
41.
Award: 10.00 points
Which of the following is a "flattener" identified by Thomas Friedman in his book The World Is Flat ?
The fall of the Berlin Wall
The introduction of the euro
The handover of Hong Kong to China by Britain
The development of the Global Positioning System (GPS)
Thomas Friedman, in his book The World Is Flat , identified 10 "flatteners" that have hastened the
globalization trend, including the fall of the Berlin Wall, offshoring, and outsourcing, which have
combined to dramatically intensify the effects of increasing global linkages.
References
Multiple Choice Learning Objective:
01-01 ASSESS the
implications of
globalization for
countries, industries,
firms, and
communities.
42.
Award: 10.00 points
The Trans-Pacific Partnership (TPP) is a trade agreement among 12 Pacific Rim countries, including:
Peru, the United States, and Vietnam.
Great Britain, New Zealand, and China.
India, Canada, and Australia.
Singapore, Russia, and Chile.
The Trans-Pacific Partnership (TPP) is a trade agreement among 12 Pacific Rim countries, including
Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United
States, and Vietnam.
References
Multiple Choice Learning Objective:
01-01 ASSESS the
implications of
globalization for
countries, industries,
firms, and
communities.
43.
Award: 10.00 points
44.
Award: 10.00 points
Which of the following economies is projected to become the largest by 2050 using market
exchange rates?
China
India
Australia
Brazil
The economy of China is projected to become the largest by 2050 using market exchange rates.
China would surge past the United States and Japan as the largest world economic power by 2050.
References
Multiple Choice Learning Objective:
01-01 ASSESS the
implications of
globalization for
countries, industries,
firms, and
communities.
A _____ is comparable to a monopoly in the sense that an organization, in this case the
government, has explicit control over the price and supply of a good or service.
command economy
market economy
mixed economy
socialist economy
A command economy is comparable to a monopoly in the sense that an organization, in this case
the government, has explicit control over the price and supply of a good or service.
References
Multiple Choice Learning Objective:
01-02 REVIEW the
major trends in
global and regional
integration.
45.
Award: 10.00 points
46.
Award: 10.00 points
Identify a characteristic of a market economy.
The state reserves the right to monitor the production and distribution of goods and
services.
Private enterprises reserve the right to own property.
Monopolies boost economic growth.
Competition is discouraged because it hinders penetration into niche markets.
A market economy exists when private enterprise reserves the right to own property and monitor
the production and distribution of goods and services while the state simply supports competition
and efficient practices. Management is particularly effective here since private ownership provides
local evaluation and understanding, opposed to a nationally standardized archetype.
References
Multiple Choice Learning Objective:
01-02 REVIEW the
major trends in
global and regional
integration.
Unlike a market economy, a command economy is characterized by: