Question 1

Describe the roles of the World Bank, International Monetary Fund, and World Trade Organization in the acceleration of globalization.

Accepted Answer

The World Bank, International Monetary Fund (IMF), and World Trade Organization (WTO) all play significant roles in the acceleration of globalization.

The World Bank provides financial and technical assistance to developing countries for development projects and programs. It helps these countries integrate into the global economy by providing funding for infrastructure, education, healthcare, and other essential services. This assistance helps to improve the overall economic conditions in these countries and facilitates their participation in the global market.

The IMF also plays a crucial role in globalization by providing financial assistance to countries facing economic crises. It helps stabilize their economies and promotes policies that encourage international trade and investment. The IMF's support helps countries to overcome financial challenges and become more integrated into the global economy.

The WTO is responsible for regulating international trade and ensuring that it flows smoothly, predictably, and freely. It sets the rules for global trade and provides a forum for negotiating trade agreements and resolving disputes. By promoting free trade and reducing trade barriers, the WTO facilitates the integration of countries into the global economy and encourages economic growth and development.

Overall, the World Bank, IMF, and WTO all contribute to the acceleration of globalization by promoting economic development, facilitating international trade, and providing support to countries seeking to integrate into the global economy. Their efforts help to create a more interconnected and interdependent global economy, driving the acceleration of globalization.

Question 2

Collaborative partnerships:

Accepted Answer

A)  Combine the strengths of business, government and NGOs. 
B)  Allow the private sector to improve global conditions without the inefficiency of government. 
C)  Are amateurish and lack financial resources. 
D)  Are focused on short-term goals. 
A)  Combine the strengths of business, government and NGOs. 
B)  Allow the private sector to improve global conditions without the inefficiency of government. 
C)  Are amateurish and lack financial resources. 
D)  Are focused on short-term goals. A

Question 3

A critic of globalization might argue that companies decide to manufacture in China mainly because of China's:

Accepted Answer

A)  Strict law enforcement. 
B)  High environmental standards. 
C)  Weak health and safety regulations. 
D)  Strong worker unions. 
A)  Strict law enforcement. 
B)  High environmental standards. 
C)  Weak health and safety regulations. 
D)  Strong worker unions. C

Question 4

The acceleration of globalization has been driven by:

Accepted Answer

A)  Technological innovation. 
B)  Transportation systems. 
C)  Social and political reforms. 
D)  All of the above. 
A)  Technological innovation. 
B)  Transportation systems. 
C)  Social and political reforms. 
D)  All of the above.

Question 5

Under the World Trade Organization's most favored nation rule, member countries may not discriminate against foreign products for any reason.

Accepted Answer

A) True 
 B)False

Question 6

The richest 1 percent of the people in the world receive as much income annually as:

Accepted Answer

A)  The wealthiest 5 percent. 
B)  100 percent of the middle class. 
C)  The poorest 99 percent. 
D)  The poorest 57 percent. 
A)  The wealthiest 5 percent. 
B)  100 percent of the middle class. 
C)  The poorest 99 percent. 
D)  The poorest 57 percent.

Question 7

Only manufacturing jobs are being lost through globalization.

Accepted Answer

A) True 
 B)False

Question 8

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 9

Global commerce has taken place for hundreds of years, dating back to the 15th century.

Accepted Answer

A) True 
 B)False

Question 10

The World Bank makes currency exchange easier for member countries so that they can participate in global trade.

Accepted Answer

A) True 
 B)False

Question 11

Most nations in the world share similar political, social and economic beliefs.

Accepted Answer

A) True 
 B)False

Question 12

Representation on the World Bank's board of directors is based on:

Accepted Answer

A)  The size of the member nation's population. 
B)  The size of the member nation's economy. 
C)  The size of the member nation's land mass. 
D)  Equal representation of all member nations. 
A)  The size of the member nation's population. 
B)  The size of the member nation's economy. 
C)  The size of the member nation's land mass. 
D)  Equal representation of all member nations.

Question 13

The three strategies of globalization can be summarized using what three words?

Accepted Answer

A)  Channels, operations, and chains. 
B)  Export, locate, and purchase. 
C)  Sell, make, and buy. 
D)  Ethics, import, and sell. 
A)  Channels, operations, and chains. 
B)  Export, locate, and purchase. 
C)  Sell, make, and buy. 
D)  Ethics, import, and sell.

Question 14

The loan policies of the World Bank:

Accepted Answer

A)  Are generous to developing countries seeking to expand their educational systems. 
B)  Impose strict restrictions on debtor countries which can sometimes lead to hardship. 
C)  Are generally only available to rich nations. 
D)  Are open to any company conducting business abroad. 
A)  Are generous to developing countries seeking to expand their educational systems. 
B)  Impose strict restrictions on debtor countries which can sometimes lead to hardship. 
C)  Are generally only available to rich nations. 
D)  Are open to any company conducting business abroad.

Question 15

According to the United Nations, how many transnational corporations operate in the global economy?

Accepted Answer

A)  49,000. 
B)  79,000. 
C)  290,000. 
D)  900,000. 
A)  49,000. 
B)  79,000. 
C)  290,000. 
D)  900,000.

Question 16

How can collaborative partnerships help global problem solving?

Accepted Answer

Collaborative partnerships can help glob

Question 17

An individual who is a supporter of globalization would argue that it helps the developing world by:

Accepted Answer

A)  Giving entrepreneurs access to foreign investment funds to support economic development. 
B)  Allowing new ideas and technological innovations to spread quickly. 
C)  Providing people in developing countries with more jobs. 
D)  All of the above. 
A)  Giving entrepreneurs access to foreign investment funds to support economic development. 
B)  Allowing new ideas and technological innovations to spread quickly. 
C)  Providing people in developing countries with more jobs. 
D)  All of the above.

Question 18

Productivity rises more quickly when countries produce goods and services for which they have a natural talent.

Accepted Answer

A) True 
 B)False

Question 19

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 20

A firm that would like to develop a global supply chain would:

Accepted Answer

A)  Manufacture components or supplies in other countries. 
B)  Sell raw materials, components or supplies produced at home abroad. 
C)  Purchase raw materials, components, or supplies from sellers in other countries. 
D)  Check products that were manufactured abroad for defects in their home country. 
A)  Manufacture components or supplies in other countries. 
B)  Sell raw materials, components or supplies produced at home abroad. 
C)  Purchase raw materials, components, or supplies from sellers in other countries. 
D)  Check products that were manufactured abroad for defects in their home country.

Describe the roles of the World Bank, International Monetary Fund, and World Trade Organization in the acceleration of globalization.

Collaborative partnerships:

A critic of globalization might argue that companies decide to manufacture in China mainly because of China's:

The acceleration of globalization has been driven by:

Under the World Trade Organization's most favored nation rule, member countries may not discriminate against foreign products for any reason.

The richest 1 percent of the people in the world receive as much income annually as:

Only manufacturing jobs are being lost through globalization.

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

Global commerce has taken place for hundreds of years, dating back to the 15^th century.

The World Bank makes currency exchange easier for member countries so that they can participate in global trade.

Most nations in the world share similar political, social and economic beliefs.

Representation on the World Bank's board of directors is based on:

The three strategies of globalization can be summarized using what three words?

The loan policies of the World Bank:

According to the United Nations, how many transnational corporations operate in the global economy?

How can collaborative partnerships help global problem solving?

An individual who is a supporter of globalization would argue that it helps the developing world by:

Productivity rises more quickly when countries produce goods and services for which they have a natural talent.

The most important agreement which codifies human rights is the:

A firm that would like to develop a global supply chain would:

The Corporation and Its Stakeholders

Managing Public Issues and Stakeholder Relationships

Corporate Social Responsibility

Ethics and Ethical Reasoning

Organizational Ethics and the Law

Global Corporate Citizenship

Business-Government Relations

Influencing the Political Environment

Ecology and Sustainable Development in Global Business

Managing Environmental Issues

Technology, Organizations, and Society

Managing Technology and Innovation

Stockholder Rights and Corporate Governance

Consumer Protection

Employees and the Corporation

Managing a Diverse Workforce

The Community and the Corporation

Managing Public Relations

Filters

Exam 6: The Challenges of Globalization

Describe the roles of the World Bank, International Monetary Fund, and World Trade Organization in the acceleration of globalization.

Collaborative partnerships:

A critic of globalization might argue that companies decide to manufacture in China mainly because of China's:

The acceleration of globalization has been driven by:

Under the World Trade Organization's most favored nation rule, member countries may not discriminate against foreign products for any reason.

The richest 1 percent of the people in the world receive as much income annually as:

Only manufacturing jobs are being lost through globalization.

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

Global commerce has taken place for hundreds of years, dating back to the 15th century.

The World Bank makes currency exchange easier for member countries so that they can participate in global trade.

Most nations in the world share similar political, social and economic beliefs.

Representation on the World Bank's board of directors is based on:

The three strategies of globalization can be summarized using what three words?

The loan policies of the World Bank:

According to the United Nations, how many transnational corporations operate in the global economy?

How can collaborative partnerships help global problem solving?

An individual who is a supporter of globalization would argue that it helps the developing world by:

Productivity rises more quickly when countries produce goods and services for which they have a natural talent.

The most important agreement which codifies human rights is the:

A firm that would like to develop a global supply chain would:

The Corporation and Its Stakeholders

Managing Public Issues and Stakeholder Relationships

Corporate Social Responsibility

Ethics and Ethical Reasoning

Organizational Ethics and the Law

Global Corporate Citizenship

Business-Government Relations

Influencing the Political Environment

Ecology and Sustainable Development in Global Business

Managing Environmental Issues

Technology, Organizations, and Society

Managing Technology and Innovation

Stockholder Rights and Corporate Governance

Consumer Protection

Employees and the Corporation

Managing a Diverse Workforce

The Community and the Corporation

Managing Public Relations

Filters

Global commerce has taken place for hundreds of years, dating back to the 15^th century.