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Unit 6 Group 1 VCB HW Quiz

Total questions: 10

Worksheet time: 20mins

Name
Class
Date
1.

Toyota is headquartered in Japan, but it invests in and operates in many other countries, including the above sample from Ecuador. Toyota’s leadership in Latin America has the freedom to tailor its product and advertising to match local customs and legal codes. What best describes this company?

a)

Transnational Corporation

b)

Worldwide Enterprise

c)

Microcredit financiers

d)

Foreign Direct Investment

e)

Productivity

2.

The above bubbles are all elements of the labor force. Depending on individual business circumstances, the value of the green box can increase or decrease. They balance is described as ___________.

a)

Profit

b)

Productivity

c)

Foreign Direct Investment

d)

Compressed Modernity

e)

Modernity

3.

This is an assembly plant that imports materials and equipment on a duty-free and tariff-free basis. These assembly plants receive raw materials from companies in the U.S. to assemble and export back as finished products. They are generally owned by U.S. companies that are incentivized to build them in nearby Mexican border towns in return for low-cost labor and savings.

Which of the following concepts is best described above?

a)

Maquiladora

b)

Multinational Corporations

c)

Transnational Corporations

d)

Post Industrial Society

e)

Compressed Modernity

4.

Products, such as those seen above, are a part of a movement aimed at ensuring that the farmers and workers who grow, pick, and make the food products you buy earn a fair wage and don’t experience dangerous or overly taxing working conditions. This is known as

a)

Fair Trade

b)

Multinational Corporations

c)

Transnational Corporations

d)

Foreign Direct Investment

e)

Sustainable Agriculture

5.

Giving local people the tools to grow their own business is the first step in creating viable sustainable communities – the next step is giving them the access to make that business thrive. We organize programs that allow individuals living around vital ecosystems – especially women – to obtain capital for small business ventures by pooling their own money seeded by Jane Goodall Institute funds. “The best example is a woman called Gertruda. She got a small loan and developed tree nurseries around the village. Then she sold seedlings for a very small amount of money, but she was able to pay back her loan.” – Dr. Jane Goodall

The Jane Goodall Institute best exemplifies the usage of:

a)

Value Added

b)

Microcredit

c)

Fair Trade

d)

Foreign Direct Investment

e)

Maquiladoras

6.

The characteristics listed above best describe a ______?

a)

Post Industrial Society

b)

Maquiladora

c)

Foreign Direct Investment

d)

Transnational Corporation

e)

Multinational Corporation

7.

The infographic displayed best exemplifies:

a)

Value Added

b)

Productivity

c)

Post Industrial Society

d)

Economic Geography

e)

Microcredit

8.

The infographic above describes the pros and cons for which of the following ideas?

a)

Foreign Direct Investment

b)

Microcredit

c)

Economic Geography

d)

Transnational Corporations

e)

Fair Trade

9.

“Researchers within this field study the location, distribution, and organization of economic activity around the world. This field of study is important in developed nations such as the United States because it allows researchers to understand the structure of the area's economy and its economic relationship with other areas around the world. It is also important in developing nations because the reasons and methods of development or lack thereof are more easily understood.”

The description above best defines which of the following concepts:

a)

Compressed Modernity

b)

Post Industrial Society

c)

Economic Geography

d)

Value Added

e)

Fair Trade

10.

The above railroad map shows demonstrates India’s ability to participate in global trade as early as 1909, even though it was colonized and controlled by the British.


India’s status as a newly-industrialized country today, complete with a large middle class, educated, English-speaking workforce, democratic institutions, and economy developing more and more service-sector jobs, is a good example of ____________.

a)

Compressed Modernity

b)

Post Industrial Society

c)

Economic Geography

d)

Value Added

e)

Multinational Corporations