
Understanding Globalisation in Business
Authored by Ashish Jhamb
English
University
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following best defines the term "globalisation of business"?
The process of increasing local business operations within a single country
The process by which businesses develop international influence or start operating on an international scale
The reduction of trade between countries
The focus on domestic products over imported goods
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a primary driver of globalisation in business?
Decreased transportation costs
Increased tariffs
Stricter immigration laws
Reduced communication technology
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which international agreement is known for reducing trade barriers and promoting free trade among Canada, the United States, and Mexico?
European Union (EU)
North American Free Trade Agreement (NAFTA)
Association of Southeast Asian Nations (ASEAN)
Trans-Pacific Partnership (TPP)
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one potential disadvantage of globalisation for Canadian businesses?
Increased access to international markets
Greater competition from foreign companies
Opportunities for international partnerships
Access to a larger talent pool
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an example of a multinational corporation?
A local bakery in Toronto
Tim Hortons operating only in Canada
McDonald’s with restaurants in over 100 countries
A Canadian farmer selling produce at a local market
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a benefit of globalisation for consumers?
Greater variety of products
Lower prices due to increased competition
Improved product quality
Decreased access to international goods
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which Canadian city is most recognised as a global financial centre?
Vancouver
Montreal
Toronto
Calgary
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