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Goods and services purchased abroad and brought into a country are called ________.


A) gross domestic products
B) exports
C) gross national products
D) imports

E) A) and B)
F) All of the above

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Crystal inc.is a multifaceted company that deals with the mining,cutting,and selling of diamonds.It gives distributors and suppliers access to its database to place orders or restock inventories electronically and automatically.Which of the following is the network implemented in the company?


A) intranet
B) chaosnet
C) extranet
D) ethernet

E) A) and D)
F) All of the above

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________ is an effective alternative to traditional distribution channels for firms that sell digitized products.


A) Dual licensing
B) Electronic distribution
C) Visual merchandising
D) Digital switchover

E) B) and C)
F) None of the above

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Critics of globalization believe the overall gains that accrue to national economies are worth the lost livelihoods of some workers.

A) True
B) False

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Gross national product (GNP)is the value of all goods and services imported into a country over a one-year period.

A) True
B) False

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Globalization's impact on jobs and wages is an important topic for debate.Discuss the major points for globalization in the jobs and wages debate,and describe how the actions of large multinational corporations affect the issues in the jobs and wages debate.

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Supporters of globalization credit it wi...

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Opponents argue that globalization ________.


A) eliminates manufacturing jobs in developed nations
B) generates labor market flexibility in developed nations
C) brings an end to practices like outsourcing
D) slows down the employment rate in developing nations

E) B) and C)
F) All of the above

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Each ________ is composed of unique cultural,political,legal,and economic characteristics that define business activity within that nation's borders.


A) capital market
B) national business environment
C) international bond market
D) operational center

E) A) and B)
F) A) and C)

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The value of all goods and services produced by a country's domestic and international activities over a one-year period is the country's ________.


A) gross domestic product (GDP)
B) gross world product (GWP)
C) gross national product (GNP)
D) gross state product (GSP)

E) A) and B)
F) A) and C)

Correct Answer

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Scenario: Topsy Turvey Toys and Ureshi Toys Topsy Turvey Toys is a U.S.-based toy retailer that buys all its merchandise from Ureshi Toys,a Japan-based toy manufacturer with production facilities in twelve nations.Ureshi Toys markets its toys globally without modification. -Topsy Turvey Toys buying its merchandise from Ureshi Toys is an example of ________.


A) importing
B) exporting
C) outsourcing
D) insourcing

E) A) and B)
F) B) and D)

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Konesia is a country in which rising incomes are increasing the global demand for basic products and services.Which of the following is the type of market featured in this country?


A) traditional market
B) emerging market
C) feudal market
D) virtual market

E) A) and D)
F) B) and D)

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NAFTA is the international organization that enforces the rules of international trade worldwide.

A) True
B) False

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The KOF Index measures the ________.


A) distribution of the global workforce
B) extent of globalization
C) gross regional product of an area
D) extent of technological innovation in a nation

E) B) and C)
F) None of the above

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Scenario: Donna Bader,Globalization opponent Donna Bader spent her final year at college studying the effect of various economic factors on the economy of developing nations.Based on the results of her study,she concluded that globalization does these countries more harm than good. -Which of the following statements,if true,strengthens Donna's argument?


A) People in low-wage nations have a high mortality rate and no access to healthcare facilities.
B) Because of the increase in employment opportunities,workers from developing countries flock to developed countries.
C) Low-wage nations tend to have poorly developed transport and communication systems.
D) Many companies take advantage of lenient labor laws by setting up facilities in low-income countries.

E) B) and D)
F) All of the above

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Pro-globalization economists believe globalization increases wealth in both developed and developing nations.

A) True
B) False

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Kireki is a small country with a corrupt government.Its population is rural for most part and citizens have few or no legal rights.Which of the following is the type of market featured in Kireki?


A) developed market
B) traditional market
C) emerging market
D) virtual market

E) None of the above
F) B) and D)

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Trade unions claim that by permitting international firms to continually move to nations with ________,globalization reduces labor's bargaining power and forces overall labor standards lower.


A) better factory facilities
B) higher resource accessibility
C) lower labor standards
D) lower labor density

E) A) and B)
F) A) and C)

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Extranets give distributors and suppliers access to a company's database to place orders or restock inventories electronically.

A) True
B) False

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The global business environment consists of four distinct elements: the forces of globalization,national business environments,the international business environment,and ________.


A) domestic investment opportunities
B) technological innovation
C) international firm management
D) multinational corporations

E) All of the above
F) A) and B)

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Small companies selling traditional products benefit from ________.


A) the barriers to trade that restrict their products from crossing domestic boundaries
B) increased investment by foreign competitors in domestic markets
C) government policies that seek to regulate the flow of capital across national borders
D) technology that lowers the costs and difficulties of global communication

E) A) and B)
F) C) and D)

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