Question 1

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 2

Only manufacturing jobs are being lost through globalization.

Accepted Answer

A) True 
 B)False

Question 3

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.E) None of the above
F) B) and D)

Question 4

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 5

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.E) B) and D)
F) B) and 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.E) All of the above
F) A) and B)

Question 7

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.E) B) and C)
F) A) and B)

Question 8

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.E) B) and C)
F) All of the above

Question 9

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.E) A) and B)
F) C) and D)

Question 10

Explain the theory of competitive advantage.

Accepted Answer

The theory of competitive advantage, as ...

Question 11

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

Accepted Answer

A transnational corporation is a large c...

Question 12

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.E) None of the above
F) All of the above

Question 13

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.E) B) and C)
F) A) and D)

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

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 CE) A) and C)
F) A) and B)

Question 16

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.E) A) and B)
F) None of the above

Question 17

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

Accepted Answer

A) True 
 B)False

Question 18

Globalization is accepted worldwide and creates little controversy.

Accepted Answer

A) True 
 B)False

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.E) A) and D)
F) B) and C)

Question 20

The term sector refers to broad divisions of a whole.

Accepted Answer

A) True 
 B)False

Exam 4: Business in a Globalized World

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

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The most important agreement which codifies human rights is the:

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

Correct AnswerverifiedShow Answer

Only manufacturing jobs are being lost through globalization.

Correct AnswerverifiedShow Answer

The term sector refers to broad divisions of a whole.

Correct AnswerverifiedShow Answer

Globalization is accepted worldwide and creates little controversy.

Correct AnswerverifiedShow Answer

Microfinance refers to:

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Global market channels involve a firm producing goods in:

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An example of an international financial and trade institution is:

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

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

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

Correct AnswerAnswered by ExamLex AIA transnational corporation is a large c...View AnswerShow Answer

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

Correct AnswerAnswered by ExamLex AIGlobalization has both benefits and cost...View AnswerShow Answer

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

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The primary purpose of the International Monetary Fund is to:

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

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

Correct AnswerverifiedShow Answer

Explain the theory of competitive advantage.

Correct AnswerAnswered by ExamLex AIThe theory of competitive advantage, as ...View AnswerShow Answer

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

Correct AnswerAnswered by ExamLex AIThe World Bank, International Monetary F...View AnswerShow Answer

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

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Answered by ExamLex AI
A transnational corporation is a large c...
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Globalization has both benefits and cost...
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Answered by ExamLex AI
The theory of competitive advantage, as ...
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The World Bank, International Monetary F...
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Correct Answer
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