NEW
Font size
S
M
L
XL
WorksheetsGlobal Links
Total questions: 20
Worksheet time: 10mins
Name
Class
Date
1.
What is globalisation?
a)
The buying and selling of goods and services between nations
b)
Consumers and businesses investing overseas
c)
The free movement of people between nations
d)
The process of economic, social and cultural integration between nations
2.
Which of the following is NOT a cause of globalisation?
a)
Economies reducing barriers to trade
b)
Currency fluctuations
c)
Technological advancements
d)
Changing economic & consumer needs
3.
A TNC's profit is being diminished by economic and political uncertainty in overseas markets. What is the primary cause of this?
a)
Interdependence due to globalisation
b)
Failure to adapt to overseas markets
c)
Poor staffing management by the parent company
d)
Trade patterns are shifting quickly
4.
How could Australia's pattern of trade during the 1950-60s be characterised?
a)
Focused on trading tertiary products with Europe
b)
Focused on trading tertiary products with Asia
c)
Focused on primary and secondary products with Europe
d)
Focused on primary and secondary products with Asia
5.
What is a business that would have benefited from how Australia's trading patterns have changed?
a)
Holden
b)
Bega Cheese
c)
University of Sydney
d)
BP
6.
'The growth of the services sector in Australia has been significant'. What is NOT a key reason for Australia's growth in this area?
a)
Better education than other nations
b)
Economic & technological developments
c)
The up-skilling of workers being retrenched from the manufacturing industry
d)
Increased demand for Australia's resources
7.
Which of the following are reasons for a person to invest overseas?
a)
To spread financial risk, to invest in strong overseas businesses & to take advantage of better economic conditions
b)
To spread financial risk, to invest in Australian businesses expanding overseas & to take advantage of taxation laws
c)
To isolate financial risk, to take advantage of taxation laws & to invest in strong overseas businesses
d)
To avoid financial risk, to gain ownership of overseas-based TNCs & to avoid domestic taxation laws
8.
What is the primary difference between equities and managed funds?
a)
Equities have a higher level of fees to be paid
b)
One requires personal control while another is a service paid for
c)
An example of a managed fund is the ASX
d)
One invests in businesses whereas another one invests in currencies
9.
Which of the following is NOT a reason a person would choose to invest in a managed fund?
a)
It enables financial experts to assist investment strategies
b)
It requires people to directly purchase shares themselves
c)
It enables people to choose how much money to invest and the level of risk to expose themselves to
d)
It enables people to focus on their primary job(s)
10.
Global Marketing Pty Ltd is a business that specialises in marketing products to a global audience. It has offices in Sydney, Melbourne and Brisbane. Which of the following statements is true?
a)
It is a TNC as it's products are marketed to other markets
b)
It is a parent body of a TNC
c)
It isn't a TNC as it doesn't have offices in overseas markets
d)
It is a subsidiary body of a TNC
11.
Ausmotors is an Australian-based auto-parts manufacturer. It has decided to move most of its operations to Thailand. What is the primary reason for it's decision to expand overseas?
a)
To take advantage of Thailand's greater economic and political stability
b)
To take advantage of Thailand's company tax rate
c)
To spread its exposure to financial risk
d)
To take advantage of cheaper labour costs
12.
Google, an American-developed business, is based in Ireland. What is the most logical reason for expanding overseas in this manner?
a)
To spread its risk given the American economy's weakness in the global economy
b)
Cheaper manufacturing costs in Ireland
c)
Ireland's much lower company tax rate
d)
To take advantage of seasonal markets
13.
Which of the following would be the KEY issue if an Australian business expanded its operations into New Zealand?
a)
Ensuring cultural diversity in the workplace
b)
Adapting their products for the new market
c)
Determining staffing needs
d)
Understanding domestic laws and regulations
14.
A Japanese business is seeking to expand into the booming Chinese market. What would be a significant barrier to the success of the Japanese business' plans?
a)
Significant cultural barriers
b)
A lack of demand in the Chinese market
c)
A lack of political stability in China
d)
Harsh environmental requirements
15.
Which of the following includes all aspects, in order, of the employment/staffing process?
a)
Recruitment, selection, training
b)
Recruitment, acquisition, selection
c)
Selection, acquisition, recruitment
d)
Acquisition, recruitment, selection
16.
What is the primary aim of the acquisition process for TNCs?
a)
Selecting candidates that ensure cultural diversity
b)
Determining the staffing needs of the overseas-based operations
c)
The process of determining which candidates would best suit the overseas-based offices
d)
Purchasing a business in the overseas market to expand its operations
17.
Which of the following is NOT a reason for seeking to develop a bicultural employment environment?
a)
To ensure the business culture of the parent company is mimicked in the overseas offices
b)
To gain an understanding of local regulations from domestic employees
c)
To assist with determining relevant competitors in the overseas market
d)
To integrate elements of the parent business culture with the culture of the overseas market
18.
A South African-based business has decided to expand its operations into Mexico. Which of the following employment/staffing processes is least relevant in ensuring it achieves a bicultural environment, cultural biodiversity and compliance with local labour laws?
a)
Acquisition
b)
Recruitment
c)
Selection
d)
None are less relevant than the others
19.
What is the concept of 'corporate social responsibility'?
a)
Recognising that businesses should abide by the law but not contribute anything more than needed
b)
That TNCs should hire an equal proportion of genders and ethnicities
c)
Recognising that businesses should contribute more to the overseas society than they are legally required to do
d)
That parent companies should have higher expectations of their subsidiary bodies in achieving a profit
20.
Which of the following is NOT a reason a business should engage in corporate social responsibility?
a)
It promotes environmental sustainability
b)
It achieves positive publicity for the business
c)
A business can take advantage of it to tailor products to that particular market
d)
It ensures a rise in short-term profits
Reset
