Chapter 1- Globalization

According to the opening case, Bombardier is a good example of:

• Domestic Markets

• Globalization of production

• Outsourcing

• Foreign Exchange

Currently, most global markets are markets for what type of product?

• Industrial Goods

• National Products

• Foreign Goods

• Deregulated Products

The _______ is seen as the lender of last resort to nation-states whose economies are in turmoil

• WTO

• GATT

• World Bank

• IMF

_______ are the two macro factors that seem to underlie the trend toward greater globalization.

• Economic Stability and Technological Change

• Economic Stability and Capitalism

• Free flow of goods and Global Production

• Free flow of goods and Technological Change

The investing of resources in business activities outside a firm's home country is referred to as:

• Foreign Direct Investment

• International Trade

• Domestic Direct Investment

• Outsourcing

The acronym WTO stands for:

• Western Trade Organization

• World Tariff Organization

• World Trade Organization

• World Trade Operations

Over the past fifty years, which country dominated the world trade picture?

• Canada

• U.S.

• U.K.

• India

Iceculture Inc., of Ontario exports around the world. It would be considered to be a ______ company

• Multi national

• Transnational

• Cross-Border National

• Mini-Multinational

What does the CUSMA stand for?

• Canada-US-Mexico free trade agreement

• North American free trade agreement 2.0

• Canadian Union of Shop Manufacturing Associations

• Canadian-American-Mexican free trade agreement

Many critics of globalization argue that outsourcing leads to the use of _________ practices in developing countries.

• underground labour

• exploitive labour

• neo-colonialist labour

• non-competitive labour