All the countries of the bric belong to the top tier of the global economic pyramid.

Chapter 1—Globalizing BusinessTRUE/FALSE1.A multinational enterprise is a firm that engages in foreign direct investmentby directly managing value-added activities in other countries.PTS:1DIF:Difficulty: EasyREF:p. 4OBJ:LO: 1-1NAT:BUSPROG: Analytic

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KEY:Bloom's: Knowledge2.The term “emerging markets” refers to all markets other than the developedmarkets.PTS:1DIF:Difficulty: EasyREF:p. 5OBJ:LO: 1-1NAT:BUSPROG: Analytic

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KEY:Bloom's: Knowledge3.Gross domestic product (GDP) is the sum of value added by resident firms,households, and governments operating in an economy.PTS:1DIF:Difficulty: ModerateREF:p. 5OBJ:LO: 1-1NAT:BUSPROG: Analytic

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KEY:Bloom's: Knowledge4.Majority of the global GDP is contributed by the emerging markets.PTS:1DIF:Difficulty: EasyREF:p. 5OBJ:LO: 1-1NAT:BUSPROG: Analytic

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KEY:Bloom's: Knowledge5.Purchasing power parity (PPP) is a conversion that determines the equivalentamount of goods and services different currencies can purchase.PTS:1DIF:Difficulty: EasyREF:p. 5OBJ:LO: 1-1NAT:BUSPROG: Analytic

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KEY:Bloom's: Knowledge6.Purchasing power parity (PPP) is calculated as the sum of value added byresident firms, households, and governments operating in an economy.PTS:1DIF:Difficulty: EasyREF:p. 5OBJ:LO: 1-1NAT:BUSPROG: Analytic

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KEY:Bloom's: Knowledge7.Emerging markets contribute about 26% of global GDP without adjusting forpurchasing power parity (PPP).PTS:1DIF:Difficulty: Easy

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Chapter 1 Quiz1.A multinational enterprise is a firm that engages in foreign direct investment bydirectly managing value-added activities in other countries.2.The term "emerging markets" refers to all markets other than the developedmarkets.3.Gross domestic product (GDP) is the sum of value added by resident firms,households, and governments operating in an economy.4.FALSE-Majority of the global GDP is contributed by the emerging markets5.Purchasing power parity (PPP) is a conversion that determines the equivalentamount of goods and services different currencies can purchase.6.FALSE-Purchasing power parity (PPP) is calculated as the sum of value added byresident firms, households, and governments operating in an economy.7.Emerging markets contribute about 26% of global GDP without adjusting forpurchasing power parity (PPP).8.FALSE-More than half the GDP produced by emerging markets comes fromoutside the BRIC countries.9.On the global economic pyramid, the Triad refers to developed economiesconsisting of North America, Western Europe, and Japan.10.FALSE-All the countries of the BRIC belong to the top tier of the global economicpyramid.11.FALSE-The second tier of the global economic pyramid is made up of countrieswith a per capita annual income of more than $20,000.12.FALSE-The emerging markets of the world are placed at the top of the globaleconomic pyramid.13.FALSE-The global economic pyramid does not represent countries that have aper capita annual income of less than $2,000.