Overview of IB and its components

Overview of IB and its components

University

50 Qs

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Overview of IB and its components

Overview of IB and its components

Assessment

Quiz

Business

University

Practice Problem

Medium

Created by

Dr.Ruchi Verma

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50 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is globalization?

The process of localizing business activities in one country

The integration of economies, cultures, and societies across the globe

The restriction of trade between countries

The promotion of domestic industries only

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a driving force behind globalization?

Advancements in technology

Decreasing international trade agreements

Reduction in cultural exchange

Increasing political isolationism

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a characteristic of globalization?

Free flow of goods and services

Increased interdependence among nations

A focus on self-sufficiency

Rapid communication and information exchange

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the term “global value chain” refer to?

Exclusive domestic production of goods

A series of steps for producing goods/services distributed across multiple countries

A chain of retail stores selling global brands

A network of local suppliers

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one major disadvantage of globalization?

Decreased international collaboration

Environmental degradation due to increased industrialization

Reduced access to foreign markets

Decline in technological advancements

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is international business?

A business model focused solely on domestic markets

Conducting business transactions across national borders

Limiting trade to regional partners

Focusing on cultural preservation within one country

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of a multinational corporation (MNC)?

A local business operating within one country

A company like Coca-Cola operating in multiple countries

A small online business serving only domestic customers

A government-owned organization with no foreign presence

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