UPDATE!!!!GUARANTEED

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UPDATE!!!!2025/2026|GUARANTEED

The resource-based view of global business differs from the institution-based view of global business in that the resource-based view _____.

• advocates adopting a single method for achieving globalization
• supports the ideology of total globalization
• postulates the ideology of localization
• focuses on the internal strengths on the firm - ANSWER d

Which of the following is true of globalization according to the "pendulum view" perspective?

• Globalization is a recent phenomenon of human trade.
• Globalization is being interrupted by artificial barriers to the flows of goods, services,

capital, and knowledge.

• Globalization is a Western ideology focused on exploiting and dominating the world

through MNEs.

• Globalization is a not a one-directional phenomenon. - ANSWER d

The _____ of globalization suggests that globalization is neither recent nor one-directional.

• pendulum view
• long-run historical view
• colonial view
• new-force view - ANSWER a
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Which of the following is true of semiglobalization?

• It is a type of globalization that lies between total isolation and total globalization.
• It is a form of globalization that considers each nation in isolation when conducting

business.

• It is a type of globalization that adopts a strategy of treating the entire world as one

market.

• It is a form of globalization that treats each country as a unique market. - ANSWER a

Globalization can be viewed as:

• A new force sweeping through the world in recent times.
• A long-run historical evolution since the dawn of human history.
• A pendulum that swings from one extreme to another from time to time.
• All of these ANSWERs. - ANSWER d

Name the three views of globalization.

• A recent force, a long-running evolution, and a pendulum
• Economic, political, and geographic
• Profits, losses, and total sales
• Past, present, and future - ANSWER a

The _____ view of global business focuses on internal factors that can help a firm overcome its external environment.

• socio-cultural
• institution-based
• resource-based
• industry-based - ANSWER c

The strategy of treating each country as a unique market and in total isolation is referred to as _____. 2 / 4

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• localization
• semiglobalization
• standardization
• total globalization - ANSWER a

The fundamental question in global business is:

• What determines the success and failure of firms' new product globalization?
• What determines the success and failure of firms' foreign entry?
• What determines the success and failure of firms around the globe?
• What determines the success and failure of firms based in the US? - ANSWER c

Imagine your manufacturing plant gets most of its raw materials from suppliers along the Gulf Coast of the United States. However, you have alternate suppliers from other parts of the country lined up, just in case the Gulf Coast is hit with a devastating hurricane or other debilitating disaster and your suppliers there can't deliver the raw goods. You have engaged

in:

• A formal institution
• Resource planning
• Semiglobalization
• Scenario planning - ANSWER d

A fundamental aspect of _____ is that it effectively conducts global business by providing an individual the right to freedom of expression and organization.

• communist totalitarianism
• democracy
• right-wing totalitarianism
• theocracy - ANSWER b

Which of the following is true of the common law system? 3 / 4

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• It has spread to all English-speaking countries and their (former) colonies.
• It does not allow interpretations of the law by judges.
• It is the oldest legal system in the world.
• It bases its legal judgment primarily on the dominant religion of the country. -

ANSWER a

_____ refers to a legal system based on religious teachings.

• Common law
• Civil law
• Right-wing totalitarian law
• Theocratic law - ANSWER d

Which of the following economies would be characterized as having a laissez faire policy?

• Command economy
• Pure market economy
• Socialist economy
• Mixed economy - ANSWER b

Which of the following is true of a pure market economy?

• All factors of production are privately owned.
• Its policies are based on religious decree.
• All factors of production are owned by the government.
• It has elements of both a market economy and a command economy. - ANSWER a

Which of the following is NOT a proposition of the institution-based view of global business?

• In situations where formal constraints are unclear, informal constraints will play a larger

role in reducing uncertainty.

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