Question 1

The Association of Southeast Asian Nations is a trade alliance.

Accepted Answer

A) True 
 B)False

Question 2

Which of the following trade alliances aims to phase out tariffs by 2019?

Accepted Answer

A)  North American Free Trade Agreement 
B)  Asia-Pacific Economic Cooperation 
C)  the European Union 
D)  Union of South American Nations 
A)  North American Free Trade Agreement 
B)  Asia-Pacific Economic Cooperation 
C)  the European Union 
D)  Union of South American Nations

Question 3

The Cold War was a political and ideological conflict between China and the United States.

Accepted Answer

A) True 
 B)False

Question 4

A colleague is thinking of putting together a project that will expand the company to India.What can you tell her about typical management practices there?

Accepted Answer

Possible response: India's management pr

Question 5

Which of the following is a primary function of the World Trade Organization?

Accepted Answer

A)  to keep wages low in developing countries 
B)  to settle trade disputes 
C)  to raise wages in developing countries 
D)  to protect against global warming 
A)  to keep wages low in developing countries 
B)  to settle trade disputes 
C)  to raise wages in developing countries 
D)  to protect against global warming

Question 6

All members of the EU use the same currency,the euro.

Accepted Answer

A) True 
 B)False

Question 7

Which competing interests do countries consider when seeking trade agreements?

Accepted Answer

A)  limiting environmental impacts and standardizing labor practices 
B)  attaining goods and protecting domestic industry 
C)  protecting domestic industry and promoting cultural diversity 
D)  attaining goods and decreasing labor costs 
A)  limiting environmental impacts and standardizing labor practices 
B)  attaining goods and protecting domestic industry 
C)  protecting domestic industry and promoting cultural diversity 
D)  attaining goods and decreasing labor costs

Question 8

Which of the following is NOT addressed by the basic tenets of the World Trade Organization?

Accepted Answer

A)  legally binding contracts 
B)  sustainability 
C)  transparency 
D)  exclusion of reciprocity 
A)  legally binding contracts 
B)  sustainability 
C)  transparency 
D)  exclusion of reciprocity

Question 9

Which of the following had the largest economy in the world in 2011?

Accepted Answer

A)  China 
B)  the United States 
C)  India 
D)  the European Union 
A)  China 
B)  the United States 
C)  India 
D)  the European Union

Question 10

The World Trade Organization's two main functions are to oversee international trade and to provide a more objective forum to settle trade disputes.

Accepted Answer

A) True 
 B)False

Question 11

Which of the following is NOT a method of triggering inflation?

Accepted Answer

A)  selling government bonds 
B)  increasing interest rates 
C)  raising tax rates 
D)  printing money 
A)  selling government bonds 
B)  increasing interest rates 
C)  raising tax rates 
D)  printing money

Question 12

People against globalization think that it will ________.

Accepted Answer

A)  make war more likely 
B)  cause more countries to become Communist 
C)  destroy local cultures in developing countries 
D)  cause repressive governments to gain power in developing countries 
A)  make war more likely 
B)  cause more countries to become Communist 
C)  destroy local cultures in developing countries 
D)  cause repressive governments to gain power in developing countries

Question 13

Supporters of globalization claim that it will ________.

Accepted Answer

A)  end war forever 
B)  promote democracy 
C)  make war less likely 
D)  decrease economic opportunities 
A)  end war forever 
B)  promote democracy 
C)  make war less likely 
D)  decrease economic opportunities

Question 14

Offshoring is a form of outsourcing.

Accepted Answer

A) True 
 B)False

Question 15

A disadvantage of doing business with India is that few people in the country speak English.

Accepted Answer

A) True 
 B)False

Question 16

In the process of offshoring,jobs are ________.

Accepted Answer

A)  always transferred to foreign countries 
B)  always transferred from foreign countries to domestic economy 
C)  transferred to island locations 
D)  always high paying 
A)  always transferred to foreign countries 
B)  always transferred from foreign countries to domestic economy 
C)  transferred to island locations 
D)  always high paying

Question 17

In the coming decade,wages for Chinese workers are expected to ________.

Accepted Answer

A)  rise above wage levels in the United States 
B)  rise, but still be far below wage levels in the United States 
C)  be determined by the World Economic Forum 
D)  comply with the Fair Minimum Wage Act of 2007 
A)  rise above wage levels in the United States 
B)  rise, but still be far below wage levels in the United States 
C)  be determined by the World Economic Forum 
D)  comply with the Fair Minimum Wage Act of 2007

Question 18

Years of living under centrally-planned Communist rule left the economies of Iron Curtain countries ________.

Accepted Answer

A)  as agrarian-based societies 
B)  ready for globalization 
C)  as centers of industrial production 
D)  in economic ruin 
A)  as agrarian-based societies 
B)  ready for globalization 
C)  as centers of industrial production 
D)  in economic ruin

Question 19

Tricia recently began a new job in a formerly isolated socialist country that is transitioning into a market-based economy.Walking around the fast-growing city,she is surprised to see billboards glorifying the country's leaders and policies.What is Tricia experiencing?

Accepted Answer

A)  offshoring 
B)  propaganda 
C)  McDonaldization 
D)  supranationalism 
A)  offshoring 
B)  propaganda 
C)  McDonaldization 
D)  supranationalism

Question 20

You have been invited to give a presentation that addresses the question: is globalization a good thing or a bad thing? Explain your view.

Accepted Answer

Possible response: I think globalization

The Association of Southeast Asian Nations is a trade alliance.

Which of the following trade alliances aims to phase out tariffs by 2019?

The Cold War was a political and ideological conflict between China and the United States.

A colleague is thinking of putting together a project that will expand the company to India.What can you tell her about typical management practices there?

Which of the following is a primary function of the World Trade Organization?

All members of the EU use the same currency,the euro.

Which competing interests do countries consider when seeking trade agreements?

Which of the following is NOT addressed by the basic tenets of the World Trade Organization?

Which of the following had the largest economy in the world in 2011?

The World Trade Organization's two main functions are to oversee international trade and to provide a more objective forum to settle trade disputes.

Which of the following is NOT a method of triggering inflation?

People against globalization think that it will ________.

Supporters of globalization claim that it will ________.

Offshoring is a form of outsourcing.

A disadvantage of doing business with India is that few people in the country speak English.

In the process of offshoring,jobs are ________.

In the coming decade,wages for Chinese workers are expected to ________.

Years of living under centrally-planned Communist rule left the economies of Iron Curtain countries ________.

Tricia recently began a new job in a formerly isolated socialist country that is transitioning into a market-based economy.Walking around the fast-growing city,she is surprised to see billboards glorifying the country's leaders and policies.What is Tricia experiencing?

You have been invited to give a presentation that addresses the question: is globalization a good thing or a bad thing? Explain your view.

Managing and Leading Today: The New Rules

The Leadership Imperative

Motivation and Meaning

Communication: The Key to Resonant Relationships

Planning and Strategy: Bringing the Vision to Life

The Human Side of Planning: Decision Making and Critical Thinking

Change: a Focus on Adaptability and Resiliency

Workplace Essentials: Creativity,innovation,and a Spirit of Entrepreneurship

Organizing for a Complex World: Structure and Design

Teams and Teambuilding

Working in a Virtual World: Technology As a Way of Life

Organizational Controls: People, processes, quality, and Results

Culture: Its Powerful

Sustainability and Corporate Social Responsibility: Ensuring the Future

Managing and Leading for Tomorrow

Filters

Exam 14: Globalization: Managing Effectively in a Global Economic Environment

The Association of Southeast Asian Nations is a trade alliance.

Which of the following trade alliances aims to phase out tariffs by 2019?

The Cold War was a political and ideological conflict between China and the United States.

A colleague is thinking of putting together a project that will expand the company to India.What can you tell her about typical management practices there?

Which of the following is a primary function of the World Trade Organization?

All members of the EU use the same currency,the euro.

Which competing interests do countries consider when seeking trade agreements?

Which of the following is NOT addressed by the basic tenets of the World Trade Organization?

Which of the following had the largest economy in the world in 2011?

The World Trade Organization's two main functions are to oversee international trade and to provide a more objective forum to settle trade disputes.

Which of the following is NOT a method of triggering inflation?

People against globalization think that it will ________.

Supporters of globalization claim that it will ________.

Offshoring is a form of outsourcing.

A disadvantage of doing business with India is that few people in the country speak English.

In the process of offshoring,jobs are ________.

In the coming decade,wages for Chinese workers are expected to ________.

Years of living under centrally-planned Communist rule left the economies of Iron Curtain countries ________.

Tricia recently began a new job in a formerly isolated socialist country that is transitioning into a market-based economy.Walking around the fast-growing city,she is surprised to see billboards glorifying the country's leaders and policies.What is Tricia experiencing?

You have been invited to give a presentation that addresses the question: is globalization a good thing or a bad thing? Explain your view.

Managing and Leading Today: The New Rules

The Leadership Imperative

Motivation and Meaning

Communication: The Key to Resonant Relationships

Planning and Strategy: Bringing the Vision to Life

The Human Side of Planning: Decision Making and Critical Thinking

Change: a Focus on Adaptability and Resiliency

Workplace Essentials: Creativity,innovation,and a Spirit of Entrepreneurship

Organizing for a Complex World: Structure and Design

Teams and Teambuilding

Working in a Virtual World: Technology As a Way of Life

Organizational Controls: People, processes, quality, and Results

Culture: Its Powerful

Sustainability and Corporate Social Responsibility: Ensuring the Future

Managing and Leading for Tomorrow

Filters