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1- PAGE 95
Copyright ? 2017 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.
Chapter 01
Globalization
?
True / False Questions?
1.
A company does not need a large size to facilitate, and benefit from, the globalization of markets.??True????False
?
2.
Companies hope to lower their overall cost structure or improve the quality or functionality of their product offering through globalization of production.??True????False
?
3.
The most global markets currently are markets for consumer products.??True????False
?
4.
Outsourcing is a process that is limited to manufacturing enterprises.??True????False
?
5.
The World Bank has focused on policing the world trading system and making sure nation-states adhere to the rules laid down in trade treaties.??True????False
?
6.
The World Bank is known as the lender of the last resort.??True????False
?
7.
One of the UNs central mandates is the promotion of higher standards of living, full employment, and conditions of economic and social progress and development.??True????False
?
8.
The Uruguay Round, finalized in December 1993, reduced protection for patents, trademarks, and copyrights.??True????False
?
9.
Beggar thy neighbor retaliatory trade policies involved countries progressively lowering trade barriers against each other, which contributed to the Great Depression of the 1930s.??True????False
?
10.
Rivers Inc., a U.S. based sports apparel manufacturer, sets up a production unit in China to take advantage of the lower labor costs there. This is an example of foreign direct investment.??True????False
?
11.
World Bank gives an aid of 100 million dollars to Kenya for creating rural health care facilities. This is an example of foreign direct investment.??True????False
?
12.
The lowering of barriers to international trade enables firms to view the world, rather than a single country, as their market.??True????False
?
13.
A
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