Global Business Unit 1 MC Questions PDF

Results 100% 40 13:47 Out of 40 points Time for this attempt This assessment has unlimited attempts. Take Now Attempt History Results Po...

Results 100% 40 13:47 Out of 40 points Time for this attempt This assessment has unlimited attempts. Take Now Attempt History Results Points Score (Highest score is kept) Attempt 1 1 of 40 2.5% Attempt 2 40 of 40 100% (Highest score) Your Answers: 1 1 / 1 point What were the consequences of the COVID-19 crisis on global supply chains? Increased trust in existing supply chains Raised the question of dangers in international supply chains Early warning systems and supply chain resilience became more important Increased reliance on international supply chains 2 1 / 1 point Which of the following statements about the evolution of international business in North America are true? Mercosur meant a significant shift towards regional economic integration among Mexico, Brazil, and the USA The digital revolution, among other factors, creates new challenges and opportunities for international business In the 1800s, the Industrial Revolution and infrastructure projects such as the Transcontinental Railroad spurred growth and the expansion of MNCs In the 1600s and 1700s, Mercantilism and triangular trade dominated the economy, with European powers exploiting resources 3 1 / 1 point Which of the following ecological challenges has globalization contributed to? (single or multiple choice) Increase in biodiversity Greenhouse effect Pollution Ozone depletion 4 1 / 1 point Which of the following statements about the Belt and Road Initiative (BRI) are false? The BRI is a purely economic project By giving loans to unreliable countries, the BRI embodies a significant financial risk China offers loans to countries to realize BRI projects involving fewer conditions (e.g., ethical standards) compared to investments from the West (e.g., World Bank) The BRI resonates well with less democratic countries 5 1 / 1 point Which challenges did global business entail along the ancient Silk Road? Ex-ante financing Logistical challenges Information symmetry complicated the selection of traded goods Managing and controlling the behavior and performance of the team along the trip 6 1 / 1 point Which of the following agreements fueled globalization by liberalizing world trade? Kyoto Protocol WTO Uruguay round GATT 7 1 / 1 point Which statements about the past and present of globalization in South America are true? The 20th century saw an increase in FDI but also an increase in economic nationalism and political instability Currently, South America is at the forefront of digitalization with growing tech hubs and a low digital divide Today, South America is making economic progress amidst political instability During the colonial era, South America was colonized by European nations for resource extraction 8 1 / 1 point Which statements about the past and present of globalization in Asia are true? Embraer is an example of an Asia multinational that is successfully operating on a global scale The British and Dutch East India companies were very active in the colonial era Growing energy demand due to economic growth is posing a challenge to carbon reduction goals Rise of technology companies transforming Asia into a global leader in technology and innovation 9 1 / 1 point Which of the following were influential families or individuals involved in building a trading empire during the Middle Ages in Europe? Medici Tucher Brunner Rockefeller 10 1 / 1 point How do emerging markets develop relevant competitors for the global market? Emerging market firms regularly depict distinct internationalization behaviors Emerging market firms can be high-end producers in specific markets Emerging market firms can be low-end producers that are highly efficient and competitive  Emerging market firms are used to challenging market environments with relevant growth opportunities 11 1 / 1 point Which of the following statements about the Bretton Woods Agreement are false? The Fed was obliged to exchange Euro into gold at any time during the Bretton Woods Agreement The Bretton Woods Agreement is in force today The Bretton Woods Agreement introduced a system of floating exchange rates The leading currency of the Bretton Woods Agreement was the Euro 12 1 / 1 point Which statements about the BRICS are true? BRICS is an acronym for Brazil, Russia, Indonesia, Chile, South Africa The term is a sole categorization used by investment banks In 2024, Egypt, Iran, and the UAE became part of the BRICS BRICS stands for Brazil, Russia, Iran, China, South Africa 13 1 / 1 point Which statements about historical trading families and organizations are true? In the Middle Ages, trading families (e.g., Tucher) assigned their sons to manage foreign subsidiaries to attenuate financing issues The German Hanse featured a strong corporate culture despite having no official constitution or registry of members The introduction of the Gold Standard in 1823 attenuated foreign exchange rate issues  The Stock Corporation Law alleviated ex-ante financing issues 14 1 / 1 point Which statements concerning political movements and critical events are true? Populist politics triggered a positive perception towards international trade and investment Radical movements increase the risk and cost of doing international business Supply chain resilience decreases in importance COVID-19 attacked weak spots in global supply chains 15 1 / 1 point What does economic globalization involve? Goods and services only Data and technology only Capital and technology only Goods, services, data, technology, and capital 16 1 / 1 point Which of the following statements regarding the US-China trade war are true? Certain goods that were in high demand by US consumers have been excluded from tariffs and, consequently, experienced drastic increases in imports US imports of Chinese goods have been hit with tariffs since COVID-19 and are almost at pre-trade war levels Tariffs on Chinese goods such as phones and electronics have caused US imports of certain products to shift to Vietnam US imports of Chinese goods without tariffs imposed on them have decreased as retaliatory Chinese politics limited exports 17 1 / 1 point Which of the following statements about the Belt and Road Initiative (BRI) challenges are true? So far, the port in Gwadar does not seem to be economically viable The flagship project in Pakistan was a big success in terms of bringing economic growth to the designated regions in Pakistan (specifically Gwadar) The government of Pakistan is incurring more debts in the context of the CPEC / BRI projects Further infrastructure projects in Gwadar, Pakistan, have been delayed 18 1 / 1 point What sets IKEA apart from other furniture retailers? Its commitment to sustainable business practices and environmentally friendly products Its use of self-service in-store shopping and flat-packed furniture Its emphasis on high-end luxury furniture Its focus on offline marketing strategies 19 1 / 1 point What were the developments in international trade after WW II? Global exports grew exponentially The development of relevant institutions that govern international economic exchange fueled a growth in global business activity The Bretton Woods Agreement fixed exchange rates and led to growing exports in high labor-cost countries (e.g., Germany) FDI grew exponentially 20 1 / 1 point What type of companies rose with the colonization of parts of the world? Agricultural cooperations Financial institutions Industrial manufacturing companies Private enterprises 21 1 / 1 point Which of the following statements about current developments of globalization are true? Despite its current challenges, globalization helped lift millions of people out of poverty There is a discussion about whether the many benefits of globalization outweigh the geopolitical issues it helped create The backlash against globalization has fueled populist politics and protectionist policies around the world Technological advances eliminated particular industries, thereby eliminating thousands of jobs 22 1 / 1 point How does IKEA’s use of e-commerce contribute to its supply chain strategy? It increases the company’s visibility It limits the company’s reach to only brick-and-mortar stores. It enables IKEA to reach a wider audience It reduces the variety of products offered to streamline inventory management 23 1 / 1 point  Which of the following factors contributed to discussions on the emergence of a unified global culture? Global mobility of people, products, and information Sovereignty of nations Supranational organizations (e.g., WTO) Age, job, and lifestyle factors 24 1 / 1 point Which statements about the drivers of globalization are true? Innovations, such as telegraphs or the internet, facilitated instant communication and reduced costs for the global exchange of information Increased mobility of companies reduced competition among countries to create favorable business environments Income per capita disparities increased, leading to social divergence within countries Technology, Politics, Sport, and Economics are some of the factors that drive globalization 25 1 / 1 point How is the distribution of economic power around the world changing? Europe tries to find its position between Asia and North America Asia is the global economic growth engine since the 1990s, with specific significance of China and India North America runs more aggressive global economic strategies than Europe South America struggles to develop a strong position in the global economy 26 1 / 1 point  Which of the following statements about globalization are true? Globalization is driven by the following factors: technology, politics, economics, culture, culture, ecological, and social factors International trade was uncommon in the Middle Ages The Silk Road was the main route for transporting goods between Asia and Europe in the early centuries The term globalization became popular at the beginning of the 20th century in response to technological advances 27 1 / 1 point Which statements about emerging consumer locations are true? International firms enter emerging markets to avoid competition Regulations, distribution systems, and demand structures are easy to comprehend Emerging consumer locations exhibit high demand but limited competition To tap into local knowledge sources 28 1 / 1 point Which of the following statements accurately describe(s) the internationalization of furniture suppliers mentioned in the case (single or multiple choice)? La-Z-Boy focuses on recliners and upholstered furniture Natuzzi has manufacturing facilities in Italy and distributes its products worldwide Natuzzi emphasizes low-cost furniture designs Ashley Furniture Industries sources materials only from the United States 29 1 / 1 point Which of the following statements about the international business landscape in Asia are false? The rise of technology companies during the digital revolution is transforming Asia into a global business leader  Economic regional integration is expected to increase, leading to an increasingly unified Asian market After WW II, Asian countries gained independence, resulting in Japan’s economic miracle and the rapid growth of the Asian Tigers Initiatives like NAFTA and Mercosur promote economic cooperation in Asia and reduce trade barriers 30 1 / 1 point Which of the following statements about the Belt and Road Initiative (BRI) are true? The BRI consists of an economic belt on land and a maritime silk road The first mention of the BRI happened in 2019 Chinese construction companies massively benefit from the BRI The BRI aims to re-establish the trading of silk from ancient times 31 1 / 1 point Which of the following factors drive globalization? Removal of cross-border trade barriers Increase in tariffs and import quotas Strict regulations on international trade Establishment of cross-border trade barriers 32 1 / 1 point Which of the following statements about Europe’s international business landscape are false? While the EU crucially influences the business landscape, BREXIT has had a surprisingly low impact The Ukraine-Russia war, as well as the rise of right-wing parties in elections, are political dynamics affecting the business landscape in Europe Europe is embracing the digital transformation  Currently, there are no initiatives for a green transition in Europe 33 1 / 1 point What are the challenges associated with emerging operational locations? Political uncertainty Challenging infrastructure Cumbersome administrative processes Stable local currency 34 1 / 1 point Which of the following statements about current developments of globalization are true? Protectionism refers to reducing tariff barriers in international trade Protectionist policy interventions have been growing faster than liberalizing ones China has been one of the largest beneficiaries of liberalizing international trade There is a rebalancing of economic power and governance among nations 35 1 / 1 point What contributed to the rise of multinational enterprises (MNEs)? Introduction of the silver standard Technological innovations (e.g., Morse Taper) Limitation of legal frameworks for firms Decline of transportation technologies 36 1 / 1 point Which of the following countries are part of BRICS? Japan Brazil India Russia 37 1 / 1 point Which developments led to a downturn in foreign trade between WW I and WWII (inter-war period)? Nationalism and protectionism World economic crisis Dissolution of the Bretton Woods Agreement War losers‘ property nationalized abroad 38 1 / 1 point Which of the following principles are enforced by the WTO to ensure fair trade between nations? Most Favored Nation (MFN) Trade without discrimination Quota restriction Bilateral trade agreements 39 1 / 1 point What of the following were critical characteristics of the German Hanse? Formal bureaucratic apparatus Lack of financial resources Exclusive rights to trade in Asia Strong informal rules and norms 40 1 / 1 point How has global economic power shifted since the end of WW II? Immediately after WW II, global business was dominated by the US and the Soviet Union With the rebuilding and growth of Europe, a triad of global economic powers was formed in the 1908s Emerging markets are changing the puzzle of global business in the new millennium Japan joined the triad of global economic powers in the late 1990s