Globalisation Quiz - Unit 1 - A

What is driving the move toward greater globalization?

• Rising labor costs

• Increasing government intervention

• Technological change

• Declining trade and investment barriers

What are the implications of technological change for the globalization of production?

• Technological change has no effect on the globalization of production

• Lower transportation costs make a geographically dispersed production system more economical

• Advancements in communication have no impact on production globalization

• Technological change leads to higher production costs

What are the concerns of critics of globalization?

• Globalization is promoting greater prosperity in the global economy

• Globalization is not beneficial

• Globalization has no impact on the world

• Globalization is leading to equal distribution of wealth

Which of the following is not an example of a global institution?

• The World Bank

• The World Trade Organization

• The International Monetary Fund

• The Federal Reserve

Coca-Cola, Sony Playstations, and McDonald’s hamburgers are all examples of

• National products

• Industrial products

• Global products

• American products

Which organization provides a mechanism for dispute resolution and the enforcement of trade laws?

• The UN

• The World Bank

• The IMF

• The WTO

The trend away from distinct national economic units and toward one huge global market is known as

• Privatization

• Globalization

• Economic integration

• Internationalization

Which of the following statements is true?

• The U.S. has been accounting for an increasing share of world trade in recent years

• The U.S. has been accounting for an increasing share of world foreign direct investment in recent years

• The U.S. has been accounting for an increasing share of world output in recent years

• The share of world trade accounted for by China has been increasing in recent years

What does the shift toward a global economy mean for managers within an international business?

• Managers have the same responsibilities as in a domestic business

• Managers face a greater and more complex range of problems

• Managers have fewer problems to deal with

• Managers have no role in the global economy

Which of the following is not a driver of globalization?

• Reduction in Trade tariffs

• Increasing government intervention

• Declining trade and investment barriers

• Technological change