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3. A multinational enterprise is a firm that engages in foreign direct investment by directly investing in, controlling and
managing value-added activities in other countries.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Moderate
4. Gross domestic product (GDP) is the sum of value added by resident firms, households and government operating in an
economy.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Moderate
6. Purchasing power parity (PPP) is a conversion that determines the equivalent amount of goods and services different
currencies can purchase.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Moderate
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7. Purchasing power parity (PPP) is an adjustment that reflects the differences in cost of living in countries.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Moderate
8. Gross national product (GNP) is the sum of value added by resident firms, households and government operating in an
economy.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Moderate
9. Brazil, Russia, Indonesia, and China are commonly referred to as BRIC countries.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Moderate
10. Although GDP, GNP and GNI are often used as yardsticks of economic development, differences in cost of living
make such a direct comparison less meaningful.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
11. The term 'base of the pyramid' represents economies where individuals make less than €1500 a year.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
12. Triad refers to developed economies consisting of North America, Western Europe and Japan.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Moderate
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Name: Class: Date:
13. Most top managers of large firms lack significant global competence.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Easy
14. Expatriate managers make ideal candidates for top management positions.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
15. Expatriate managers are usually paid salaries coinciding with the salaries paid to foreign local managers of similar
rank.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Easy
16. Thanks to globalization, low skills jobs are less vulnerable to competition.
$$
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Easy
17. Expatriate employees face fewer and lower-ranked employment opportunities upon return to their home country.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Easy
18. Innovation is taking place in advanced economies, and is followed by time-delayed knowledge transfer to emerging
economies. .
a. True
b. False
ANSWER: False
POINTS: 1
Copyright Cengage Learning. Powered by Cognero. Page 3
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