Question 1

Identify several positions on each side of the globalization debate.

Accepted Answer

On one side of the globalization debate, there are those who argue in favor of free trade and open markets. These individuals believe that globalization has the potential to create economic growth, reduce poverty, and increase access to goods and services for people around the world. They argue that free trade agreements and global supply chains can lead to increased efficiency and lower prices for consumers.

On the other side, there are critics of globalization who argue that it leads to increased inequality, loss of jobs in developed countries, and exploitation of workers in developing countries. They also point to the negative impact of globalization on local cultures and the environment, as well as the potential for global economic instability and financial crises.

Overall, the globalization debate is complex and multifaceted, with valid arguments on both sides. It is important to consider the various perspectives and potential consequences of globalization in order to make informed decisions about its future.

Question 2

The dispersal of production activities to locations that help a company achieve its cost-minimization or quality-maximization objectives for a good or service is known as ________.

Accepted Answer

A)  importing 
B)  globalization of production 
C)  global strategy 
D)  globalization of markets 
A)  importing 
B)  globalization of production 
C)  global strategy 
D)  globalization of markets B

Question 3

Exporting is any business transaction that crosses the borders of two or more nations.

Accepted Answer

A) True 
 B)False  False

Question 4

Three main goals of the ________ are to help the free flow of trade, help negotiate the further opening of markets, and settle trade disputes between its members.

Accepted Answer

A)  General Agreement on Tariffs and Trade (GATT) 
B)  World Trade Organization (WTO) 
C)  World Bank 
D)  International Monetary Fund (IMF) 
A)  General Agreement on Tariffs and Trade (GATT) 
B)  World Trade Organization (WTO) 
C)  World Bank 
D)  International Monetary Fund (IMF)

Question 5

Opponents to globalization say that it allows international firms to exploit local labor and the environment, and then simply export their goods back to the home country.

Accepted Answer

A) True 
 B)False

Question 6

The ________ tends to capture the broad nature of globalization.

Accepted Answer

A)  Failed States Index 
B)  Globalization Index 
C)  Political Risk Index 
D)  Human Development Index 
A)  Failed States Index 
B)  Globalization Index 
C)  Political Risk Index 
D)  Human Development Index

Question 7

Globalization is the trend toward greater economic, cultural, political, and technological interdependence among national institutions and economies.

Accepted Answer

A) True 
 B)False

Question 8

Although falling barriers to trade and investment discourage globalization, technological innovation is accelerating the process.

Accepted Answer

A) True 
 B)False

Question 9

Scenario: Sabrina's Spices & Sauces
Last year, Sabrina Shin started a business selling all types of spices and hot sauces. The business is small but this entrepreneur's dreams are big. Given limited demand and sales fluctuations in the domestic market, Sabrina has been considering going international. Yet she has little information, many doubts, and no guidance.
-If Sabrina needs $500,000 to expand her business internationally, which of the following organizations might be her best bet?

Accepted Answer

A)  Export-Import Bank 
B)  World Trade Organization 
C)  Small Business Administration 
D)  Friends 
A)  Export-Import Bank 
B)  World Trade Organization 
C)  Small Business Administration 
D)  Friends

Question 10

Globalization does not affect a people's culture nor the way companies do business.

Accepted Answer

A) True 
 B)False

Question 11

Scenario: Sabrina's Spices & Sauces
Last year, Sabrina Shin started a business selling all types of spices and hot sauces. The business is small but this entrepreneur's dreams are big. Given limited demand and sales fluctuations in the domestic market, Sabrina has been considering going international. Yet she has little information, many doubts, and no guidance.
-If you were to advise Sabrina on the myths versus facts of exporting, which of the following would you say is a fact?

Accepted Answer

A)  Only large companies can export successfully 
B)  Sabrina's products do not need export licensing 
C)  Small businesses have no place to turn for export advice 
D)  There is no export financing available for Sabrina's business 
E)  All of the above 
A)  Only large companies can export successfully 
B)  Sabrina's products do not need export licensing 
C)  Small businesses have no place to turn for export advice 
D)  There is no export financing available for Sabrina's business 
E)  All of the above

Question 12

Extranets give distributors and suppliers access to a company's database to place orders or restock inventories electronically and automatically.

Accepted Answer

A) True 
 B)False

Question 13

Resistance to worldwide trade agreements is causing some nations to place greater emphasis on regional pacts.

Accepted Answer

A) True 
 B)False

Question 14

________ refers to convergence in buyer preferences in markets around the world.

Accepted Answer

A)  Homogenization of markets 
B)  Globalization of markets 
C)  Internationalization of markets 
D)  Denationalization of markets 
A)  Homogenization of markets 
B)  Globalization of markets 
C)  Internationalization of markets 
D)  Denationalization of markets

Question 15

Summarize the claims made against globalization regarding its influence on cultures and the responses of globalization defenders.

Accepted Answer

The claims made against globalization re

Question 16

Goods and services sold abroad and sent out of a country are called ________.

Accepted Answer

The answer of Goods and services sold abroad and sent...

Question 17

It is common for large companies' business deals such as mergers and acquisitions to be valued in the trillions of dollars.

Accepted Answer

A) True 
 B)False

Question 18

The total value of goods and services exported by all nations each year is ________.

Accepted Answer

A)  nearly $15 trillion 
B)  around $16 trillion 
C)  less than $9 trillion 
D)  more than $36 trillion 
A)  nearly $15 trillion 
B)  around $16 trillion 
C)  less than $9 trillion 
D)  more than $36 trillion

Question 19

Globalization is a trend characterized by ________, which refers to national boundaries becoming less relevant.

Accepted Answer

The answer of Globalization is a trend characterized by ________,...

Question 20

The dynamic nature of globalization creates increasing competition for all companies everywhere, as managers begin to see the entire world as an opportunity.

Accepted Answer

A) True 
 B)False

Identify several positions on each side of the globalization debate.

The dispersal of production activities to locations that help a company achieve its cost-minimization or quality-maximization objectives for a good or service is known as ________.

Exporting is any business transaction that crosses the borders of two or more nations.

Three main goals of the ________ are to help the free flow of trade, help negotiate the further opening of markets, and settle trade disputes between its members.

Opponents to globalization say that it allows international firms to exploit local labor and the environment, and then simply export their goods back to the home country.

The ________ tends to capture the broad nature of globalization.

Globalization is the trend toward greater economic, cultural, political, and technological interdependence among national institutions and economies.

Although falling barriers to trade and investment discourage globalization, technological innovation is accelerating the process.

Globalization does not affect a people's culture nor the way companies do business.

Extranets give distributors and suppliers access to a company's database to place orders or restock inventories electronically and automatically.

Resistance to worldwide trade agreements is causing some nations to place greater emphasis on regional pacts.

________ refers to convergence in buyer preferences in markets around the world.

Summarize the claims made against globalization regarding its influence on cultures and the responses of globalization defenders.

Goods and services sold abroad and sent out of a country are called ________.

It is common for large companies' business deals such as mergers and acquisitions to be valued in the trillions of dollars.

The total value of goods and services exported by all nations each year is ________.

Globalization is a trend characterized by ________, which refers to national boundaries becoming less relevant.

The dynamic nature of globalization creates increasing competition for all companies everywhere, as managers begin to see the entire world as an opportunity.

Cross-Cultrual Busines

Politics, Law, and Business Ethics

Economic Systems and Development

International Trade

Business-Government Trade Relations

Foreign Direct Investment

Regional Economic Integration

International Financial Markets

International Money System

International Strategy and Organization

Analyzing International Opportunities

Selecting and Managing Entry Modes

Developing and Marketing Products

Managing International Operations

Hiring and Managing Employees

Filters

Exam 1: Globalization

Identify several positions on each side of the globalization debate.

The dispersal of production activities to locations that help a company achieve its cost-minimization or quality-maximization objectives for a good or service is known as ________.

Exporting is any business transaction that crosses the borders of two or more nations.

Three main goals of the ________ are to help the free flow of trade, help negotiate the further opening of markets, and settle trade disputes between its members.

Opponents to globalization say that it allows international firms to exploit local labor and the environment, and then simply export their goods back to the home country.

The ________ tends to capture the broad nature of globalization.

Globalization is the trend toward greater economic, cultural, political, and technological interdependence among national institutions and economies.

Although falling barriers to trade and investment discourage globalization, technological innovation is accelerating the process.

Globalization does not affect a people's culture nor the way companies do business.

Extranets give distributors and suppliers access to a company's database to place orders or restock inventories electronically and automatically.

Resistance to worldwide trade agreements is causing some nations to place greater emphasis on regional pacts.

________ refers to convergence in buyer preferences in markets around the world.

Summarize the claims made against globalization regarding its influence on cultures and the responses of globalization defenders.

Goods and services sold abroad and sent out of a country are called ________.

It is common for large companies' business deals such as mergers and acquisitions to be valued in the trillions of dollars.

The total value of goods and services exported by all nations each year is ________.

Globalization is a trend characterized by ________, which refers to national boundaries becoming less relevant.

The dynamic nature of globalization creates increasing competition for all companies everywhere, as managers begin to see the entire world as an opportunity.

Cross-Cultrual Busines

Politics, Law, and Business Ethics

Economic Systems and Development

International Trade

Business-Government Trade Relations

Foreign Direct Investment

Regional Economic Integration

International Financial Markets

International Money System

International Strategy and Organization

Analyzing International Opportunities

Selecting and Managing Entry Modes

Developing and Marketing Products

Managing International Operations

Hiring and Managing Employees

Filters