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Ball State University INTB 265 EXAM 1 REVIEW multiple-choice Ch

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Ball State University

INTB 265

EXAM 1 REVIEW

multiple-choice

Ch. 1

1)Which country has seen their share of world output increase the most from 1960 to today?

•             Japan

•             United States

•             China

•             Germany

•             The United Kingdom

 

2.            California-based Urban Health Source has invested resources in business activities in Italy. What type of business activity does this represent?

•             Globalization of markets

•             International trade

•             Foreign direct investment

•             Multinational exchange

•             exporting

 

3.            Economist Robert Reich advocates that the outsourcing of productive activities to different suppliers results in the creation of

•             A global legal system

•             A single currency

•             Unlimited costs

•             National tensions

•             Global products

 

4.            What organization is often seen as the lender of last resort to nation-states whose economies are in turmoil and currencies are losing value against those of other nations?

•             United National Development Fund

•             Group of Twenty (G20)

•             International Monetary Fund (IMF)

•             World Trade Organization (WTO)

•             United Nations (UN)

 

5.            Gigantic Games., a U.S.-based company that specializes in strategy-based board games, has production facilities in Poland and Spain. Based on this information, Gigantic Games can be classified as what type of enterprise?

•             Multinational

•             Semipublic

•             Public

•             Private

•             Local

 

6.            What was the motivation for non-U.S. firms to begin investing across national borders in the 1970s?

•             Shift toward a more integrated and interdependent global economy

•             Host of investment opportunities in foreign nations

•             Rise in barriers to trade and foreign direct investments

•             Desire to disperse production activities to optimal locations

•             Limits imposed by government intervention in international trade

 

7.            One cost-cutting measure used by Garr Tool Corp is sourcing the parts it uses from companies in Germany, Ireland, and Canada that are more economical than home- country sources. The choice to use these sources in an example of

•             Globalization of markets

•             Regulation of environment

•             Globalization of production

•             Company’s social responsibility

•             Emergence of global institutions

 

8.            Why was the World Trade Organization established?

•             To preserve peace through international cooperation

•             To police the international trading system

•             To maintain order in the international monetary system

•             To promote economic development

•             To formulate a coordinated policy response to financial crises

 

9.            Canadian company Yummy Snacks exports a number of products to consumers in Peru, Chile, and Argentina. According to this information, Yummy Snacks is most likely involved in

•             Foreign direct investment

•             globalization of production

•             Outsourcing

•             Trade protectionism

•             International trade

 

 

10.          The merging of national markets that have historically been distinct and separate is the process of

 

•             Industrialization

•             Globalization

•             Foreign direct investment

•             Containerization

•             International business