contemp 8

What are global corporations commonly referred to as?

• Government agencies

• Startups

• Local companies

• MNCs

Answer explanation

Global corporations are commonly referred to as MNCs, which stands for Multinational Corporations.

What do international companies typically do?

• Adapt products to local markets

• Have no investment outside their home country

• Have coordinated product offerings in each country

• Invest in other countries

Answer explanation

International companies typically invest in other countries, rather than having no investment outside their home country.

Where is the management of Multinational Corporations usually located?

• In every country they operate

• In the country with the largest revenue

• In their home country

• In a neutral country

Answer explanation

The management of Multinational Corporations is usually located in their home country, where the headquarters and main decision-making processes take place.

What is the main characteristic of Transnational Corporations?

• They only operate in one country

• They identify with one national home

• They have a central corporate facility

• They have no foreign operations

Answer explanation

The main characteristic of Transnational Corporations is that they have a central corporate facility, allowing them to operate in multiple countries.

According to the United Nations Centre on Transnational Corporations, what defines a transnational corporation?

• Engaging in activities that add value in multiple countries

• Having a single country of operation

• Having no international presence

• Being limited to one type of service

Answer explanation

The correct choice is 'Engaging in activities that add value in multiple countries' as per the United Nations Centre on Transnational Corporations.

When did US corporations have significant advantages in the global market?

• During WWII

• After the economic recovery of Japan and Europe

• During the 1970s and 1980s

• Before the end of WWII

Answer explanation

US corporations had significant advantages in the global market after the economic recovery of Japan and Europe, allowing them to dominate in the post-war period.

What are the three fundamental innovations that have changed the character of the global corporation?

• Digitalization, social media, and e-commerce

• Globalization, automation, and outsourcing

• Producer-driven commodity chains, buyer-driven, and financial elements

• Financial elements, global communications, and digitalization

Answer explanation

The three fundamental innovations that have changed the character of the global corporation are digitalization, social media, and e-commerce.

According to Geriffe, what are the three structural periods of globalization?

• Agricultural, industrial, and technological

• Investment-based, trade-based, and digital

• Local, national, and global

• Traditional, modern, and futuristic

Answer explanation

The correct answer is Investment-based, trade-based, and digital, as these are the three structural periods of globalization according to Geriffe.

How does the nature of the global corporation change according to Geriffe?

• It remains constant throughout different periods

• It focuses only on local markets

• It evolves based on its purposes and abilities

• It becomes less global over time

Answer explanation

The nature of the global corporation changes according to Geriffe based on its purposes and abilities, evolving over time.

What MNC and TNC stands for?

• Multinational Corporation and Transnational Corporation

• Multinational Corporation and Transnational Company

• Multi-National Corporation and Transnational Company

• Multinational Company and Transnational Company

Answer explanation

The correct choices are Multinational Corporation and Transnational Corporation, as MNC stands for Multinational Corporation and TNC stands for Transnational Corporation.