C211 OA quizzes - Developing countries 2.The gross domestic produ...

C211 OA quizzes

2022/2023

1.The term "emerging economies" has replaced the term .:

Developing countries 2.The gross domestic product plus the income from non-resident

sources abroad gives the .: gross national product

3.More than 25% of global GDP comes from .: BRICS countries

4.Viewing the global economy as a pyramid, the Triad refers to .:

North America, Western Europe, and Japan 5.People who earn a year comprise the base of the global economic

pyramid.: less than $2,000

6.Which of the following would be an example of a top down innovation?:

- Lowering prices and features of existing products to meet emerging market needs

7.Which of the following is true of the Group of 20 (G-20)?: It only has

19 member countries. 1 / 3

8.Which of the following does the institution-based view of global

business lay emphasis on?: Understanding the laws and values of the

firm's host nation.

9.The resource-based view of global business differs from the institu-

tion-based view of global business in that the resource-based view .: -

focuses on the internal strengths on the firm 10.T he liability of foreignness is the inherent disadvantage faced by .-

: foreign firms in host nations due to their non-native status

11.Which of the following is true of globalization according to the "new

force" perspective?: It is a western ideology focused on exploiting and

dominat- ing the world through MNEs 12.The concept of suggests that barriers to market integration at borders are high, but not high enough to completely insulate countries

from each other.: Semiglobalization

13.The strategy of treating each country as a unique market and in total

isolation is referred to as .: Localization

14.MNEs from the Triad dominate the list of the 500 largest MNEs; their

share has been.: Shrinking

15.A conversion that determines the equivalent amount of goods and ser-

vices that different currencies can buy is known as .: purchasing

power parity 2 / 3

16.Which of the following countries would be characterized as an

emerging economy?: Brazil

17.Which of the following countries is represented in the Triad of the

global economic pyramid?: Japan

18.A is defined as an innovation that is adopted first in

emerging economies and then diffused around the world.: reverse

innovation 19.The view suggests that the success and failure of firms are

largely determined by their environments.: institution-based

20.The view of global business focuses on internal factors that

can help a firm overcome its external environment.: resource-based

21.Which of the following is true of globalization according to the "pendulum view" perspective?: Globalization is a not a one-directional phenomenon 22.The concept of suggests that barriers to market integration at borders are high, but not high enough to completely insulate countries

from each other.: semiglobalization

23. is the strategy of treating the entire world as one market.:

Standard- ization 24.Pr

• / 3