The Modern Economic Phenomenon Called Globalization in the Textbook and in the Popular

Multiple Choice

The modern economic phenomenon called globalization in the textbook and in the popular press

A) Is very important for global MNEs but does not affect smaller companies with a purely domestic focus.
B) Affects domestic companies if they outsource elements of their production or back-office operations, or if they sell significant amounts of goods or services abroad; however, if they do not engage in these activities they are largely immune from the effects of globalization.
C) Has the potential to affect domestic companies with no international involvement through competition with other firms that are involved in the global marketplace.
D) Only statements a and b are correct.
E) All of the statements above are correct.