Question 1

Globalization includes the exchange of money,products,information,services,and expertise between people in different parts of the world.

Accepted Answer

A) True 
 B)False  True

Question 2

Which of the following is NOT a disadvantage of doing business in China?

Accepted Answer

A)   human rights violations
B)   piracy and counterfeiting
C)   high health care costs
D)   pollution problems C

Question 3

The idea that globalization will lead to a multifaceted world culture with parts that are connected but still distinct and separate is called ________.

Accepted Answer

A)   cultural uniformity
B)   hybridization
C)   McDonaldization
D)   enculturation B

Question 4

Fortunately,the United States did not engage in distributing propaganda during the Cold War.

Accepted Answer

A) True 
 B)False

Question 5

The World Economic Forum is a non-profit organization.

Accepted Answer

A) True 
 B)False

Question 6

Seth is CEO of U.S.-based Fun Tyme Toys.For the past ten years the company has manufactured its products in Southeast Asia.Following the 2008 global recession,Seth began shifting production to the Midwest in the U.S.What practice is Fun Tyme Toys implementing?

Accepted Answer

A)   globalization
B)   hybridization
C)   localization
D)   McDonaldization

Question 7

What is one point that members on both sides of the debate over globalization can agree on?

Accepted Answer

A)   Globalization decreases trade.
B)   Globalization can't be stopped.
C)   Globalization brings prosperity to everyone.
D)   Globalization only benefits big business.

Question 8

Donell is researching the benefits and challenges of doing business in China for his economics class.Which of the following is NOT considered a potential disadvantage to doing business with China?

Accepted Answer

A)   safety standards
B)   human rights violations
C)   environmental sustainability
D)   health care costs

Question 9

Hybridization presents a more negative outlook of the future than McDonaldization.

Accepted Answer

A) True 
 B)False

Question 10

India's economy is primarily focused on ________.

Accepted Answer

A)   services
B)   technology
C)   manufacturing
D)   agriculture

Question 11

Estella has always wanted to help make a positive impact on the world in her career.So she is excited to start her new job with a nonprofit organization that combines the talents of business,political,social,and intellectual leaders around the world.Where does Estella work?

Accepted Answer

A)   World Economic Forum
B)   United Nations Economic and Social Council
C)   International Coach Federation
D)   World Trade Organization

Question 12

What did economist Amartya Sen mean when he said that the Berlin Wall prevented our view of a global future?

Accepted Answer

The answer of What did economist Amartya Sen mean when...

Question 13

You are thinking of launching an Internet campaign to promote your new band,Global Warning.In which country would your campaign have the lowest penetration based on Internet access?

Accepted Answer

A)   China
B)   India
C)   Brazil
D)   Russia

Question 14

Troy's small startup software company,Zapp App,has experienced tremendous growth and is ready to go international.However,he has concerns about losing revenue to pirating and counterfeiting.Which country poses the greatest risk for Zapp App?

Accepted Answer

A)   China
B)   India
C)   Brazil
D)   Russia

Question 15

Under ________,countries participating in an alliance transfer some of their power to the union in exchange for certain benefits.

Accepted Answer

A)   hybridization
B)   globalization
C)   supranationalism
D)   internationalism

Question 16

How have globalization and the resulting shift in the balance of trade impacted the U.S.economy? What might be a strategy to help the United States successfully respond to these changes?

Accepted Answer

The answer of How have globalization and the resulting shift...

Question 17

Why are the BRIC countries gathering so much attention from the business community?

Accepted Answer

A)   BRIC countries are the fastest growing markets in the world.
B)   BRIC countries have the most natural resources in the world.
C)   BRIC countries have the highest per capita incomes in the world.
D)   BRIC countries have the greatest value of imports in the world.

Question 18

Which of the following is NOT a worldwide trade alliance?

Accepted Answer

A)   European Union (EU) 
B)   Association of Southeast Asian Nations (ASEAN) 
C)   Union of South American Nations (UNASUR) 
D)   Group of Twenty (G-20)

Question 19

When working in a global environment,it is important to keep in mind that ________.

Accepted Answer

A)   values inform us what not to do
B)   ethics propel us toward achievements
C)   ethics function as an informal legal code
D)   ethics are not connected to consequences

Question 20

How did the expansion of information and communication technologies (ICTs)spur recent acceleration of globalization? Give an example to support your answer.

Accepted Answer

The answer of How did the expansion of information and...

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

Globalization includes the exchange of money,products,information,services,and expertise between people in different parts of the world.

Which of the following is NOT a disadvantage of doing business in China?

The idea that globalization will lead to a multifaceted world culture with parts that are connected but still distinct and separate is called ________.

Fortunately,the United States did not engage in distributing propaganda during the Cold War.

The World Economic Forum is a non-profit organization.

Seth is CEO of U.S.-based Fun Tyme Toys.For the past ten years the company has manufactured its products in Southeast Asia.Following the 2008 global recession,Seth began shifting production to the Midwest in the U.S.What practice is Fun Tyme Toys implementing?

What is one point that members on both sides of the debate over globalization can agree on?

Donell is researching the benefits and challenges of doing business in China for his economics class.Which of the following is NOT considered a potential disadvantage to doing business with China?

Hybridization presents a more negative outlook of the future than McDonaldization.

India's economy is primarily focused on ________.

Estella has always wanted to help make a positive impact on the world in her career.So she is excited to start her new job with a nonprofit organization that combines the talents of business,political,social,and intellectual leaders around the world.Where does Estella work?

What did economist Amartya Sen mean when he said that the Berlin Wall prevented our view of a global future?

You are thinking of launching an Internet campaign to promote your new band,Global Warning.In which country would your campaign have the lowest penetration based on Internet access?

Troy's small startup software company,Zapp App,has experienced tremendous growth and is ready to go international.However,he has concerns about losing revenue to pirating and counterfeiting.Which country poses the greatest risk for Zapp App?

Under ________,countries participating in an alliance transfer some of their power to the union in exchange for certain benefits.

How have globalization and the resulting shift in the balance of trade impacted the U.S.economy? What might be a strategy to help the United States successfully respond to these changes?

Why are the BRIC countries gathering so much attention from the business community?

Which of the following is NOT a worldwide trade alliance?

When working in a global environment,it is important to keep in mind that ________.

How did the expansion of information and communication technologies (ICTs)spur recent acceleration of globalization? Give an example to support your answer.