1.

Globalization can take place in terms of

(1/1 Points)
markets
distribution
production
all of these
2.Which is NOT a nonfinancial gain motivation for international business ?
(1/1 Points)
Triple bottom line
Corporate social responsibility
Cultural immersion
Political favor
3.____ means that a firm is investing assets directly into a foreign country’s
buildings, equipment, or organizations.
(0/1 Points)
Globalization
Foreign direct investment
Multinational Corporation
International Trade
4. ______ include better access to raw materials, less costly labor, key suppliers, key
customers, energy, and natural resources.
(1/1 Points)
Globalization
Location advantages
Trade
Foreign direct investment
5.National governments also participate in international treaties related to :
(1/1 Points)
trade
environment
labor
all of these
6.Globalization 2.0 is characterized by:
(0/1 Points)
advances in sea and rail transportation
by how much industrial power countries could produce and apply.
advances in global electronic interconnectivity
a and c
7.In _______ Theory , a country should increase its holdings of gold and silver by
promoting exports and discouraging imports.
(0/1 Points)
Mercantilism
Absolute Advantage
Comparative Advantage
Heckscher-Ohlin
8.The _______ theory states that trade between countries shouldn’t be regulated or
restricted by government policy or intervention.
(1/1 Points)
Mercantilism
Absolute Advantage
Comparative Advantage
Heckscher-Ohlin Theory
9.In _______ theory ,production would become more efficient, because there
would be an incentive to create faster and better production methods to increase
the specialization.
(0/1 Points)
Mercantilism
Absolute Advantage
Comparative Advantage
Heckscher-Ohlin Theory
10.The ______, stated that countries would produce and export goods that
required resources or factors that were in great supply and, therefore, cheaper
production factors.
(1/1 Points)
Mercantilism
Absolute Advantage
 Comparative Advantage
Heckscher-Ohlin Theory
11.A. The firm-based theories evolved with the growth of the multinational
company (MNC). B. International trade theories referred to as modern are firm-
based or company-based.
(1/1 Points)
Both are true
Both are false
A is true
B is true
12.A. Governments can increase the competitiveness of firms and occasionally
entire industries. B. The government as a stakeholder is responsible for protecting
the environment.
(0/1 Points)
Both are true
Both are false
A is true
B is true
13.A. Firms will encounter global competition in their industries and in order to
prosper, they must develop absolute advantage. B. The Global Strategic Rivalry
Theory focused on MNCs and their efforts to gain a competitive advantage
against other global firms in their
(1/1 Points)
Both are true
Both are false
A is true
B is true
14.A. Smith’s theory stated that a nation’s competitiveness in an industry
depends on the capacity of the industry to innovate and upgrade. B. Ricardo’s
Theory theory focused on explaining why some nations are more competitive in
certain industries.
(0/1 Points)
Both are true
Both are false
 A is true
B is true
15.A. The Global Strategic Rivalry Theory states that barriers to entry that
corporations may seek to optimize include research and development and the
ownership of intellectual property rights. B. Local market resources and
capabilities, and local market demand conditions are determinants why some
nations are more competitive in certain industries.
(0/1 Points)
Both are true
Both are false
A is true
B is true