Question 1

Under the World Trade Organization's most-favored nation rule:

Accepted Answer

A)  All import restrictions imposed by other nations on their goods are illegal unless a cultural waiver is issued. 
B)  All import restrictions are illegal unless proven scientifically. 
C)  Most-favored nations can impose heavy tariffs on other nations. 
D)  Most-favored nations can oppose the dumping of goods by any nation in their home market. 
A)  All import restrictions imposed by other nations on their goods are illegal unless a cultural waiver is issued. 
B)  All import restrictions are illegal unless proven scientifically. 
C)  Most-favored nations can impose heavy tariffs on other nations. 
D)  Most-favored nations can oppose the dumping of goods by any nation in their home market.

Question 2

Which statement(s)below are true about global income?

Accepted Answer

A)  Income is how much one earns in a day or a year. 
B)  Income at the bottom of the pyramid varies from place to place. 
C)  Around 400 billion people globally sit at the bottom of the pyramid. 
D)  Both A and B, but not C 
A)  Income is how much one earns in a day or a year. 
B)  Income at the bottom of the pyramid varies from place to place. 
C)  Around 400 billion people globally sit at the bottom of the pyramid. 
D)  Both A and B, but not C

Question 3

Globalization directly and indirectly influences the politics,environment,geopolitics,and economics of virtually every country in the world.

Accepted Answer

A) True 
 B)False

Question 4

Assets that a person accumulates and owns at a certain point in time are called:

Accepted Answer

A)  Income. 
B)  Equity. 
C)  Wealth. 
D)  Microfinance. 
A)  Income. 
B)  Equity. 
C)  Wealth. 
D)  Microfinance.

Question 5

What is a transnational corporation? How do these corporations operate in the global marketplace?

Accepted Answer

A transnational corporation is a large c

Question 6

An example of an international financial and trade institution is:

Accepted Answer

A)  World Bank. 
B)  International Monetary Fund. 
C)  World Trade Organization. 
D)  All of the above. 
A)  World Bank. 
B)  International Monetary Fund. 
C)  World Trade Organization. 
D)  All of the above.

Question 7

Explain the theory of competitive advantage.

Accepted Answer

The theory of competitive advantage, as

Question 8

Describe the roles of the World Bank,International Monetary Fund,and World Trade Organization as international financial and trade institutions.

Accepted Answer

The World Bank, International Monetary F

Question 9

The primary purpose of the International Monetary Fund is to:

Accepted Answer

A)  Lend foreign currency to member countries. 
B)  Exchange one currency for another. 
C)  Consolidate the debt facing third world nations. 
D)  Collect the interest on loans made by the World Bank to third-world nations. 
A)  Lend foreign currency to member countries. 
B)  Exchange one currency for another. 
C)  Consolidate the debt facing third world nations. 
D)  Collect the interest on loans made by the World Bank to third-world nations.

Question 10

The Heritage Foundation scored which nation of the world among the most repressed in 2012?

Accepted Answer

A)  Hong Kong. 
B)  Australia. 
C)  North Korea. 
D)  Singapore. 
A)  Hong Kong. 
B)  Australia. 
C)  North Korea. 
D)  Singapore.

Question 11

Globalization is accepted worldwide and creates little controversy.

Accepted Answer

A) True 
 B)False

Question 12

According to the United Nations,a feature of democracy is:

Accepted Answer

A)  Fair elections. 
B)  An independent media. 
C)  A government with power balanced among executive, legislative, and judicial branches. 
D)  All of the above. 
A)  Fair elections. 
B)  An independent media. 
C)  A government with power balanced among executive, legislative, and judicial branches. 
D)  All of the above.

Question 13

Microfinance refers to:

Accepted Answer

A)  Banks lending money to a very small number of businesses. 
B)  Banks lending money to low-income businesses. 
C)  Banks lending very small amounts of money to wealthy businesses. 
D)  Banks charging low fees for all business loans. 
A)  Banks lending money to a very small number of businesses. 
B)  Banks lending money to low-income businesses. 
C)  Banks lending very small amounts of money to wealthy businesses. 
D)  Banks charging low fees for all business loans.

Question 14

Discuss the benefits and costs of globalization.Provide examples of how globalization has helped or harmed individual nations and the world economy.

Accepted Answer

Globalization has both benefits and cost

Question 15

Even small local businesses often compete with global companies from around the world.

Accepted Answer

A) True 
 B)False

Question 16

The term sector refers to broad divisions of a whole.

Accepted Answer

A) True 
 B)False

Question 17

The most important agreement which codifies human rights is the:

Accepted Answer

A)  The American Civil Liberties Act. 
B)  The Versailles Treaty. 
C)  The Universal Declaration of Human Rights. 
D)  The U.S. Declaration of Independence. 
A)  The American Civil Liberties Act. 
B)  The Versailles Treaty. 
C)  The Universal Declaration of Human Rights. 
D)  The U.S. Declaration of Independence.

Question 18

Global market channels involve a firm producing goods in:

Accepted Answer

A)  Their home country and exporting them to other countries. 
B)  Their home country to sell at home. 
C)  A foreign country to sell at home. 
D)  A foreign country to sell abroad. 
A)  Their home country and exporting them to other countries. 
B)  Their home country to sell at home. 
C)  A foreign country to sell at home. 
D)  A foreign country to sell abroad.

Question 19

The primary goal of a "vulture fund" is to:

Accepted Answer

A)  Provide countries with debt-relief. 
B)  Pay back loans in default. 
C)  Increase global financial stability. 
D)  Make a profit. 
A)  Provide countries with debt-relief. 
B)  Pay back loans in default. 
C)  Increase global financial stability. 
D)  Make a profit.

Question 20

Only manufacturing jobs are being lost through globalization.

Accepted Answer

A) True 
 B)False

Under the World Trade Organization's most-favored nation rule:

Which statement(s)below are true about global income?

Globalization directly and indirectly influences the politics,environment,geopolitics,and economics of virtually every country in the world.

Assets that a person accumulates and owns at a certain point in time are called:

What is a transnational corporation? How do these corporations operate in the global marketplace?

An example of an international financial and trade institution is:

Explain the theory of competitive advantage.

Describe the roles of the World Bank,International Monetary Fund,and World Trade Organization as international financial and trade institutions.

The primary purpose of the International Monetary Fund is to:

The Heritage Foundation scored which nation of the world among the most repressed in 2012?

Globalization is accepted worldwide and creates little controversy.

According to the United Nations,a feature of democracy is:

Microfinance refers to:

Discuss the benefits and costs of globalization.Provide examples of how globalization has helped or harmed individual nations and the world economy.

Even small local businesses often compete with global companies from around the world.

The term sector refers to broad divisions of a whole.

The most important agreement which codifies human rights is the:

Global market channels involve a firm producing goods in:

The primary goal of a "vulture fund" is to:

Only manufacturing jobs are being lost through globalization.

The Corporation and Its Stakeholders

Managing Public Issues and Stakeholder Relationships

Corporate Social Responsibility and Citizenship

Ethics and Ethical Reasoning

Organizational Ethics

Businessgovernment Relations

Influencing the Political Environment

Sustainable Development and Global Business

Managing for Sustainability

The Role of Technology

Regulating and Managing Information Technology

Shareholder Rights and Corporate Governance

Consumer Protection

Employees and the Corporation

Managing a Diverse Workforce

Business and Its Suppliers

The Community and the Corporation

The Public and Corporate Reputation

Filters

Exam 4: Business in a Globalized World

Under the World Trade Organization's most-favored nation rule:

Which statement(s)below are true about global income?

Globalization directly and indirectly influences the politics,environment,geopolitics,and economics of virtually every country in the world.

Assets that a person accumulates and owns at a certain point in time are called:

What is a transnational corporation? How do these corporations operate in the global marketplace?

An example of an international financial and trade institution is:

Explain the theory of competitive advantage.

Describe the roles of the World Bank,International Monetary Fund,and World Trade Organization as international financial and trade institutions.

The primary purpose of the International Monetary Fund is to:

The Heritage Foundation scored which nation of the world among the most repressed in 2012?

Globalization is accepted worldwide and creates little controversy.

According to the United Nations,a feature of democracy is:

Microfinance refers to:

Discuss the benefits and costs of globalization.Provide examples of how globalization has helped or harmed individual nations and the world economy.

Even small local businesses often compete with global companies from around the world.

The term sector refers to broad divisions of a whole.

The most important agreement which codifies human rights is the:

Global market channels involve a firm producing goods in:

The primary goal of a "vulture fund" is to:

Only manufacturing jobs are being lost through globalization.

The Corporation and Its Stakeholders

Managing Public Issues and Stakeholder Relationships

Corporate Social Responsibility and Citizenship

Ethics and Ethical Reasoning

Organizational Ethics

Businessgovernment Relations

Influencing the Political Environment

Sustainable Development and Global Business

Managing for Sustainability

The Role of Technology

Regulating and Managing Information Technology

Shareholder Rights and Corporate Governance

Consumer Protection

Employees and the Corporation

Managing a Diverse Workforce

Business and Its Suppliers

The Community and the Corporation

The Public and Corporate Reputation

Filters