Global Business and Development Quiz

Which of the following is a key financial reason for businesses to expand globally?

• To increase local competition

• To access financial growth opportunities

• To reduce product quality

• To avoid employee training

What is one way global businesses can minimise losses?

• By ignoring international markets

• By diversifying operations across countries

• By increasing domestic prices only

• By reducing product variety

Which organisation sets international trade rules and can impose sanctions?

• United Nations (UN)

• World Trade Organisation (WTO)

• International Monetary Fund (IMF)

• World Health Organisation (WHO)

Deregulation of the financial market typically leads to:

• Increased government control

• More barriers to entry for foreign investors

• Easier access for international investors

• Higher tariffs on imports

How does globalisation generally affect employment in developing countries?

• It always decreases employment

• It can increase employment opportunities

• It has no impact on employment

• It only benefits government workers

What is a common impact of globalisation on developed countries' employment levels?

• Increase in all job sectors

• Loss of some manufacturing jobs

• No change in employment

• Only affects agricultural jobs

The global spread of skills and technology is often a result of:

• Isolationist policies

• International business expansion

• Reduced education funding

• Decreased trade

Which of the following best describes international cooperation as a result of globalisation?

• Countries working together on trade and investment

• Countries closing their borders

• Increased tariffs on imports

• Decreased communication between nations

How can globalisation impact the domestic market of a country?

• By reducing competition

• By increasing the variety of goods and services available

• By eliminating all local businesses

• By stopping foreign investment

What is a tax haven?

• A country with high tax rates

• A country with low or no taxes for foreign businesses

• A country that bans international trade

• A country with strict import regulations