Global Corporations and Economic Alliances

What is a global corporation?

• A corporation that operates in two or more countries

• A corporation that operates only in its home country

• A corporation that invests directly in foreign assets

• A corporation that invests directly in dozens of countries

During which wave of globalization did countries like Belgium, Germany, USA, and Japan rise in imperialism?

• First wave

• Second wave

• Third wave

• Fourth wave

What is the main characteristic of a multinational company?

• No foreign investments and produces only in the home country

• Invests directly in foreign assets

• Has investments in dozens of countries but maintains a strong headquarters in one country

• Invests directly in dozens of countries and experiences cost reduction

Which period of globalization was characterized by the global reach of vertically integrated TNCs in primary products?

• Investment Based Globalization

• Digital Based Globalization

• Trade Based Globalization

• Fordism

What is Fordism?

• A manufacturing system designed to spew out standardized, low-cost goods

• A type of economic globalization measure of integration

• A concept created to increase consumer satisfaction and survive competition

• A self-regulating business model that helps a company be socially accountable

What is the main characteristic of a producer-driven commodity chain?

• Manufacturing, forming, and control of a specific product

• Exporting goods to different countries across the world

• Alliance and partnership between Brazil, Russia, India, China, and South Africa

• Increasing consumer satisfaction and shortening lead time

Which economic alliance and partnership includes Brazil, Russia, India, China, and South Africa?

• BRICS

• G7

• OPEC

• ASEAN

What is the purpose of QR Management?

• To increase consumer satisfaction and survive competition

• To shorten the lead time from order to delivery and increase cash flow

• To conduct both commercial and non-commercial activities

• To further liberalize international trade

What are state-owned companies called?

• Government Owned and Controlled Corporation (GOCC)

• Multinational Companies (MNC)

• Transnational Corporation (TNC)

• General Agreement on Trade in Services (GATS)

What does GATS stand for?

• General Agreement on Trade in Services

• Global Corporation and Economic Alliances

• Government Owned and Controlled Corporation

• Global Reach of Vertically Integrated TNCs