Exploring Globalization and MNCs

Exploring Globalization and MNCs

2nd Grade

14 Qs

quiz-placeholder

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Exploring Globalization and MNCs

Exploring Globalization and MNCs

Assessment

Quiz

Business

2nd Grade

Practice Problem

Easy

Created by

Van CHAU

Used 2+ times

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14 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is globalization?

Globalization is the process of increased interconnectedness and interdependence among countries.

Globalization is the process of countries becoming self-sufficient.

Globalization refers to the decline of international trade.

Globalization is the isolation of countries from each other.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does MNC stand for?

Multi-National Company

Massive Network Corporation

Monetary National Council

Multinational Corporation

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why do companies want to sell their products in other countries?

To limit competition in the home market.

To comply with local regulations.

To reduce production costs.

To access new markets and increase sales.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one benefit of globalization?

Decreased cultural exchange and understanding.

Increased economic growth and access to diverse products.

Limited access to technology and innovation.

Increased isolation of local economies.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does international business help people?

International business helps people by creating jobs, enhancing economic growth, and providing access to diverse products and services.

International business restricts access to local products.

International business leads to job losses.

International business increases poverty levels.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an example of a product that is made in one country and sold in another?

iPhone

Samsung Galaxy

Sony PlayStation

Microsoft Surface

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why do people travel to other countries for business?

To take vacations and relax

To establish relationships, explore markets, negotiate deals, and attend conferences.

To visit tourist attractions

To learn new languages

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