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Global Business Today 9th Edition Test Bank

Need to practice before your exam? Global Business Today 9th Edition Test Bank is filled with relevant test questions and answers.

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1Student: ___________________________________________________________________________1.As a result of globalization, we have been moving toward a world in which national economiesare relatively self-contained entities.TrueFalse2.Byoffering the same basic product worldwide, firms help to create a global market.TrueFalse3.As a result of globalization, companies rarely need to customize marketing strategies, productfeatures, and operating practices in different countries.TrueFalse4.Substantial impediments, such as barriers to foreign direct investment, make it difficult for firms toachieve the optimal dispersion of their productive activities to locations around the globe.TrueFalse5.The World Trade Organization, the International Monetary Fund and its sister institution the WorldBank, and the United Nations were all created by voluntary agreement between individual nation-states.TrueFalse6.The WTO is seen as the lender of lastresort to nation-states whose economies are in turmoil andwhose currencies are losing value against those of other nations.TrueFalse7.The IMF is less controversial than its sister institution, the World Bank.TrueFalse8.Foreign direct investment (FDI) occurs when a firm invests resources in business activitiesoutside its home country.TrueFalse9.After World War II, the advanced nations of the West committed themselves to increasing barriersto the free flow of goods, services, and capital between nations.TrueFalse

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Subject
Business Management
Textbook
Global Business Today by Charles Hi...

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