Lesson 1 - Globalization quiz

Globalization has led to a decrease in trade barriers between countries.

• True

• False

The rise of multinational corporations is a direct result of globalization.

• True

• False

Globalization has no significant impact on local cultures and economies.

• True

• False

Outsourcing is a common practice in globalization that allows companies to reduce costs.

• True

• False

 Globalization typically results in increased competition among businesses.

• True

• False

The internet has played a minimal role in facilitating globalization.

• True

• False

Globalization has led to the homogenization of consumer preferences worldwide.

• True

• False

Trade agreements, such as NAFTA, are examples of efforts to promote globalization.

• True

• False

Globalization only benefits developed countries and has little effect on developing nations.

• True

• False

Cultural exchange is a positive consequence of globalization in the business context.

• True

• False