Fill in the Blanks ( each blank 1 score)
Globalization refers to the shift toward a more integrated and__________
The three main components of globalization are __________, __________,and
According to Dunning, FDI will occur when three conditions, which are
__________ , __________
__________ ,are satisfied.
Alexander Hamilton, the first U.S. Secretary of the Treasury, articulated the
__________ argument in
The Achilles’ heel of Bretton Woods system is the
__________ is the foundation of the legal systems in the United Kingdom and its former colonies,
including the US, Canada, Australia, India, New Zealand,etc.
International investment is divided into FDI and __________.
The “ four C’s ” that constitute the context of a negotiation process include
Multiple Choice Questions ( each questions 1 score)
__________ occurs when a firm invests resources in business activities outside its home country.
A) International diversification
B) Foreign direct investment
C) Cross-national investment
D) Transnational commerce
2 Companies such as Honda, 3M, and Nestle have operations in two or more countries. These types of
firms are commonly referred to as __________ enterprises.
3 In general, supporters of globalization argue that free trade benefits __________ that adhere to a free
A) all but the largest countries
B) all countries
C) all but the smallest countries
D) all but the countries with the highest wage rates
4 China, France, and the United States all have unique political, economic, and legal systems. A country's
political, economic, and legal system is collectively referred to as its __________ economy.
5 When collectivism is emphasized:
A) the needs of society as a whole are generally viewed as being more important than individual freedoms
B) the interests of the individual take precedence over the interests of the state
C) one person or political party exercises absolute control over all spheres of human life
D) the needs of society and the needs of individuals are equally balanced
6 In a pure __________ economy all productive activities are privately owned, as opposed to being owed
by the state.
7 A __________ grants the inventor of a new product to process exclusive rights for a defined period to the