Auditing: International Economics and Foreign Markets
Chapter 1
41. Which of the following has reduced as a result of globalization?
D. Differences in material culture between national economies 42. _____ refers to the shift toward a more integrated and interdependent world economy.
A. Forward integration
C. Globalization 43. Which of the following statements is true regarding the globalization of markets?
C. There still exist significant differences among national markets along many relevant dimensions, including distribution channels, culturally embedded value systems, and legal regulations.
44. Automobile companies promote different car models in different countries depending on a range of factors such as demographics, local taste, local fuel costs, income levels, traffic congestion, and cultural values. This most likely demonstrates that:
A. significant differences still exist among national markets. 45. Which of the following is most likely to be the best suited product for a global market?
A. Microprocessors 46. Which of the following statements best supports the claim that greater uniformity replaces diversity in the context of global markets?
B. As rival global firms follow each other across countries, they bring with them their brand names, products, and marketing strategies from other national markets, thus creating homogeneity across markets. 47. Globalization results in a greater degree of _____ across markets than would be present otherwise.
C. homogeneity 48. The _____ refers to the sourcing of goods and services from locations around the globe to take advantage of national differences in the cost and quality of factors such as labor, energy, land, and capital.
D. globalization of production 49. Which of the following best illustrates the globalization of production?
A. Daily Diamonds Inc. buys diamonds from South Africa and exports them to India for the cutting process. 50. West Electronic Corporation sources
41. Which of the following has reduced as a result of globalization?
D. Differences in material culture between national economies 42. _____ refers to the shift toward a more integrated and interdependent world economy.
A. Forward integration
C. Globalization 43. Which of the following statements is true regarding the globalization of markets?
C. There still exist significant differences among national markets along many relevant dimensions, including distribution channels, culturally embedded value systems, and legal regulations.
44. Automobile companies promote different car models in different countries depending on a range of factors such as demographics, local taste, local fuel costs, income levels, traffic congestion, and cultural values. This most likely demonstrates that:
A. significant differences still exist among national markets. 45. Which of the following is most likely to be the best suited product for a global market?
A. Microprocessors 46. Which of the following statements best supports the claim that greater uniformity replaces diversity in the context of global markets?
B. As rival global firms follow each other across countries, they bring with them their brand names, products, and marketing strategies from other national markets, thus creating homogeneity across markets. 47. Globalization results in a greater degree of _____ across markets than would be present otherwise.
C. homogeneity 48. The _____ refers to the sourcing of goods and services from locations around the globe to take advantage of national differences in the cost and quality of factors such as labor, energy, land, and capital.
D. globalization of production 49. Which of the following best illustrates the globalization of production?
A. Daily Diamonds Inc. buys diamonds from South Africa and exports them to India for the cutting process. 50. West Electronic Corporation sources