WorksheetsPOBF Stretch Your Boundaries 5.03E
Total questions: 18
Worksheet time: 36mins
Which of the following is a true statement about globalization:
It is a purely economic term
It has had a minimal impact on the world
Its pace is slowing down
It involves the flow of ideas across national borders
The technology that has had the most influence on globalization has been
television
the Internet
inexpensive telephone service
wireless connections
How has the ability to travel more freely contributed to globalization?
It breaks down political barriers between countries
It escalates competition between businesses
It helps enable the spread of culture and ideas
It promotes a sense of nationalism
Which of the following is a true statement about globalization and political barriers:
The world is much more politically open than it used to be
Many countries are sealed off from the rest of the world due to communism
The United States has very few trading partnerships with other countries
In the future, there will be more political barriers between countries
Globalization can be an advantage for businesses because it
can contribute to a phenomenon called “brain drain.”
increases competition
can help them to cut costs for certain resources
inhibits the ideas of other businesses
Free exchange of ideas contributes to
more instances of offshoring
fewer choices for consumers
decreased competition
greater business innovation
How has globalization affected consumers?
It has increased competition between them
It has given them a bigger and better variety of products to choose from
It has made them more close-minded toward other cultures
It has helped them to save on taxes
“Brain drain” occurs when
a country loses talented employees to better opportunities overseas
consumers spend too much time shopping online
businesses outsource jobs to other countries
people who speak different languages try to communicate with each other
Globalization can be a disadvantage for domestic workers when they lose their jobs due to the practice of
exporting
nationalism
environmental degradation
offshoring
Environmental degradation occurs because of
increased production
offshoring
nationalism
decreased competition
One of the biggest barriers that separates countries/regions is
methods of travel
“brain drain”
language
technology
Which of the following is not a main reason for businesses to expand into foreign markets:
To build brand value
To spread culture
To make more money
To remain competitive
Which of the following is a reason a company might organize itself under the laws of a different country than those of its “home” country:
To save on taxes
To remain competitive
To build brand value
To take advantage of technology
A clothing manufacturer in the United States allows a company in Argentina to use its name and logo in exchange for a fee and royalties. This is an example of
a joint venture
franchising
exporting
licensing
You pay Burger King for the right to set up a location in Barcelona under the corporate headquarters’ guidance and regulation. This is an example of
franchising
a joint venture
a wholly owned subsidiary
exporting
Forming a joint venture reduces risk by
increasing technology
allowing costs to be shared
ensuring business success
cutting down on taxes
A business can create a wholly owned subsidiary by building a facility in a foreign market or by
finding a franchisee
signing a licensing agreement
buying an existing firm in the market
exporting to the market
The highest level of involvement in international business is
creating a wholly owned subsidiary
franchising
licensing
establishing a multinational firm
