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Test Bank For Fundamentals of Corporate Finance, 5 th Edition By Robert Parrino, David Kidwell, Thomas Bates, Stuart Gillan (All Chapters 1-21, 100% Original Verified, A+ Grade) All Chapters Arranged
Reverse: 21-1
This is The Original Test Bank For 5 th Edition, All other Files in The Market are Fake/Old/Wrong Edition. 1 / 4
Fundamentals of Corporate Finance, 5e (Parrino) Chapter 21 International Financial Management 1) Globalization refers to the removal of barriers to free trade and the closer integration of national economies.
Answer: TRUE
Diff: 1
Learning Objective: LO 1
Bloomcode: Knowledge
AACSB: Diversity
IMA: Global Business
AICPA: Global and Industry Perspectives
2) While the production of goods and services has become globalized, American consumers only purchase domestic goods.
Answer: FALSE
Diff: 1
Learning Objective: LO 1
Bloomcode: Comprehension
AACSB: Diversity
IMA: Global Business
AICPA: Global and Industry Perspectives
3) The production of goods and services has become highly globalized due to the emergence of large multinational companies.
Answer: TRUE
Diff: 1
Learning Objective: LO 1
Bloomcode: Comprehension
AACSB: Diversity
IMA: Global Business
AICPA: Global and Industry Perspectives
4) Integration of the financial system globally is a result of deregulation of foreign exchange markets, money and capital markets, and banking systems.
Answer: TRUE
Diff: 1
Learning Objective: LO 1
Bloomcode: Comprehension
AACSB: Analytic
IMA: Global Business
AICPA: Global and Industry Perspectives
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5) A transnational corporation is a business that operates in more than one country but is managed from the perspective of a firm residing in a particular country.
Answer: FALSE
Diff: 1
Learning Objective: LO 1
Bloomcode: Knowledge
AACSB: Analytic
IMA: Global Business
AICPA: Global and Industry Perspectives
6) Royal Dutch Shell is a transnational corporation.
Answer: TRUE
Diff: 1
Learning Objective: LO 1
Bloomcode: Knowledge
AACSB: Analytic
IMA: Global Business
AICPA: Global and Industry Perspectives
7) Differences in legal systems and tax codes do not affect the way firms operate in foreign countries.
Answer: FALSE
Diff: 1
Learning Objective: LO 1
Bloomcode: Comprehension
AACSB: Analytic
IMA: Global Business
AICPA: Global and Industry Perspectives
8) Legal systems can vary on simple matters, such as opening a business, selecting a site location, and hiring employees.
Answer: TRUE
Diff: 1
Learning Objective: LO 1
Bloomcode: Comprehension
AACSB: Analytic
IMA: Global Business
AICPA: Global and Industry Perspectives
9) English is the world's social language.
Answer: FALSE
Diff: 1
Learning Objective: LO 1
Bloomcode: Knowledge
AACSB: Diversity
IMA: Global Business
AICPA: Global and Industry Perspectives
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10) English is the language for international business, but not the world's social language.
Answer: TRUE
Diff: 1
Learning Objective: LO 1
Bloomcode: Knowledge
AACSB: Diversity
IMA: Global Business
AICPA: Global and Industry Perspectives
11) Cultural views shape business practices and people's attitudes toward business.
Answer: TRUE
Diff: 1
Learning Objective: LO 1
Bloomcode: Comprehension
AACSB: Diversity
IMA: Global Business
AICPA: Global and Industry Perspectives
12) Both China and the nations that formerly made up the Soviet Union are currently moving toward centrally planned economies.
Answer: FALSE
Diff: 1
Learning Objective: LO 1
Bloomcode: Knowledge
AACSB: Diversity
IMA: Global Business
AICPA: Global and Industry Perspectives
13) Country risk has no effect on a firm's cash flows, and firm value.
Answer: FALSE
Diff: 1
Learning Objective: LO 1
Bloomcode: Knowledge
AACSB: Analytic
IMA: Global Business
AICPA: Global and Industry Perspectives
14) Maximizing stockholders' wealth is a widely embraced goal for firms in all countries around the world.
Answer: FALSE
Diff: 1
Learning Objective: LO 1
Bloomcode: Comprehension
AACSB: Analytic
IMA: Global Business
AICPA: Global and Industry Perspectives
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