Test Bank For Global Business 4th Edition By Mike Peng
85 views 2 purchases
Course
Business - Test Bank
Institution
Business - Test Bank
Chapter 3 Emphasizing Informal Institutions Cultures Ethics and Norms
TRUEFALSE
1. According to the institution-based view, informal institutions must be sought when formal
institutions fail.
(A) True
(B) False Answer : (A)
2. The cultural norms of a country is an example of an informal insti...
1. A multinational enterprise is a firm that engages in foreign direct investment by directly investing
in, controlling, and managing value-added activities in other countries.
(A) True
(B) False
Answer : (A)
2. The term "emerging markets" refers to all markets other than the developed markets.
(A) True
(B) False
Answer : (A)
3. Gross domestic product (GDP) is the sum of value added by resident firms, households, and
governments operating in an economy.
(A) True
(B) False
Answer : (A)
4. Majority of the global GDP is contributed by the emerging markets.
(A) True
(B) False
Answer : (B)
5. Purchasing power parity (PPP) is a conversion that determines the equivalent amount of goods
and services different currencies can purchase.
(A) True
(B) False
Answer : (A)
6. Purchasing power parity (PPP) is calculated as the sum of value added by resident firms,
,households, and governments operating in an economy.
(A) True
(B) False
Answer : (B)
7. Emerging markets contribute about 30% of global GDP without adjusting for purchasing power
parity (PPP).
(A) True
(B) False
Answer : (A)
8. More than half the GDP produced by emerging markets comes from outside the BRIC countries.
(A) True
(B) False
Answer : (B)
9. On the global economic pyramid, the Triad refers to developed economies consisting of North
America, Western Europe, and Japan.
(A) True
(B) False
Answer : (A)
10. All the countries of the BRIC belong to the top tier of the global economic pyramid.
(A) True
(B) False
Answer : (B)
11. The second tier of the global economic pyramid is made up of countries with a per capita annual
income of more than $20,000.
(A) True
(B) False
, Answer : (B)
12. The emerging markets of the world are placed at the top of the global economic pyramid.
(A) True
(B) False
Answer : (B)
13. The global economic pyramid does not represent countries that have a per capita annual income
of less than $2,000.
(A) True
(B) False
Answer : (B)
14. The term "base of the pyramid" represents economies where individuals make less than $2,000 a
year.
(A) True
(B) False
Answer : (A)
15. Reverse innovations are innovations that are adopted first in the Triad-based multinationals and
then diffused around the world.
(A) True
(B) False
Answer : (B)
16. Reverse innovation is an example of bottom up innovation.
(A) True
(B) False
Answer : (A)
17. The Group of 20 includes the European Union (EU)-a regional bloc.
(A) True
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller ExamsExpert. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $33.59. You're not tied to anything after your purchase.
