What is the primary focus of the cartoons shown in Figure 10-1 regarding globalization, as discussed by Alexander and Sophia in their presentation?

• The benefits of cultural exchanges

• The impact of outsourcing on global interactions

• The increase in global travel and tourism

• The role of technology in education

Answer explanation

The primary focus of the cartoons shown in Figure 10-1 regarding globalization, as discussed by Alexander and Sophia in their presentation, is the impact of outsourcing on global interactions.

What is one potential consequence of a tech company in the United States, such as a software development firm, hiring cheaper programmers from less developed areas?

• Increase in the cost of goods in the United States

• Decrease in job opportunities for local developers like Benjamin and Grace in the United States

• Improvement in economic conditions in the United States

• Decrease in global trade activities

Answer explanation

Decrease in job opportunities for local developers like Benjamin and Grace in the United States

During a business studies class, Ishaan discusses how companies expand their operations globally. Which of the following is a key term associated with this expansion of globalization?

• Outsourcing

• Decentralization

• Privatization

• Nationalization

Answer explanation

Outsourcing is the key term associated with the expansion of globalization as companies delegate certain tasks or operations to external vendors or countries.

How does a multinational corporation like Apple remain competitive in a global economy according to the text?

• By focusing solely on local markets

• By increasing the prices of their products

• By using cheaper suppliers from less developed parts of the world

• By reducing their product range

Answer explanation

By using cheaper suppliers from less developed parts of the world

What is the primary focus of the political cartoons that Jacob and Anaya reviewed in their project on global economics?

• Benefits of local job creation

• Negative impacts of outsourcing jobs

• Advantages of technological advancements

• Historical perspectives on trade

Answer explanation

The primary focus of the political cartoons reviewed was on the negative impacts of outsourcing jobs, as highlighted in Jacob and Anaya's project on global economics.

Charlotte, a business owner, is considering changes in her company's operations due to globalization. What is one of the key changes she might consider?

• Increased use of local suppliers

• Reduction in outsourcing

• Increased costs of production

• Outsourcing to reduce costs by using suppliers from less developed parts of the world

Answer explanation

Charlotte should consider outsourcing to reduce costs by using suppliers from less developed parts of the world as a key change in her company's operations due to globalization.

Which innovation in communication technology took 20 years to reach 100% of communities in Europe?

• The Internet

• Cellphones

• The printing press

• Television

Answer explanation

The printing press took 20 years to reach 100% of communities in Europe, making it the innovation in communication technology that fits the description.

How has the integration of technologies like smartphones and the internet influenced the pace of globalization, as observed by Mia and Rohan in their international business class?

• It has slowed down the rate of globalization.

• It has no significant impact on globalization.

• It increases the rate of globalization.

• It only affects communication technologies.

Answer explanation

The integration of technologies like smartphones and the internet increases the rate of globalization by enhancing communication, connectivity, and access to information across borders.

According to the text, which of the following is a result of convergence in media companies?

• Decreased competition among media companies

• Individual ownership of each media outlet

• Multiple media companies merging under a single transnational corporation

• Media companies operating independently

Answer explanation

Multiple media companies merging under a single transnational corporation is a result of convergence in media companies.

What role does technology play in the expansion of global trade according to the text?

• It has no significant impact.

• It only affects communication between countries.

• It plays an important role in the design, development, manufacture, and assembly of consumer products.

• It solely improves transportation methods.

Answer explanation

Technology plays an important role in the design, development, manufacture, and assembly of consumer products, aiding in the expansion of global trade.