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WorksheetsFINALS REVIEW
Total questions: 25
Worksheet time: 11mins
Which of the following IS NOT a definition of globalization?
Globalization refers to the expansion and intensification of social relations
and consciousness across world-time and world-space.
Globalization refers to all processes by which the peoples of the world
are incorporated into a single world society.
Globalization refers to the representation of the triumph of a capitalist
world economy tied together by a global division of labor.
Globalization refers to the privatization of corporations and firms to serve
the interest of the international market as well as the goal of
interdependence.
Which of the following statements DOES NOT belong under the political facet of
globalization?
Global interconnectedness has become relevant for developing markets.
Governmental action takes place on a global level instead of a national
level.
Nations are trending toward more international collaboration.
Numerous companies have become transnational such as Walmart,
Coca-Cola, McDonald's, etc.
Which of the following statements DOES NOT belong under the technological
facet of globalization?
Google has acquired YouTube to expand their reach of readily available apps,
along with Google for Education and Google Suite.
Jollibee has recently acquired robot assistants to deliver prepared food from
the counter to the seats where the customers are waiting.
Twitter has been bought by Elon Musk for 42 billion USD.
The Senate of the Philippines has planned to regulate the spread of
disinformation on Facebook.
What is fair trade?
It refers to the concern for the socio-economic and environmental well- being of
marginalized small producers.
It refers to the concern for the socio-political and ecological well-being of the
agricultural resources for the stability of the supply chain.
It refers to the concern for the socio-cultural and sectoral well-being of
the marginalized groups in society.
It refers to the concern for the socio-technological and natural well-being
of balancing forces between sectors, resources, and institutions.
McDonald’s Philippines introduced the breakfast meal Eggdesal on its menu a few
years ago. This is an example of:
Cultural differentialism
Cultural convergence
Cultural hybridization
Cultural localization
What institution is designed to help the economic stability of those in the global
south?
United Nations
World Bank
World Health Organization
NATO
The objective of this organization is to ensure that trade runs as smoothly,
predictably, and freely as possible.
European Union
World Trade Organization
International Criminal Court
Association of Southeast Asian Nations
What do you call a group of people who share a common culture and identity as a
cohesive group?
nation state
Nation
Country
lawless nation
Global cities are culturally diverse.
True
False
UN is bound to help any member-state in need.
True
False
An example of government with global governance is the Philippine government.
True
False
Taxes or duties that the government levies on imports.
Tariffs
Quota
Importation
This means a policy of systematic government intervention in foreign trade with the objective of encouraging domestic production
Protectionism
Mercantilism
Trading
The greatest contributor to anti-poverty is
Economic Globalization
Economic Trade
Economic Exportation
Which of the following is NOT a principle of Fair Trade.
High Importation
Capacity Building
Capacity Building
It is the process of knowledge generation through the use of algorithm, data analytics/science, and projections which aims to help in any human activities.
Artificial intelligence
Internet of things
Data mining
Microprocessing
It has also created new opportunities for people to sell their products and labor in a global marketplace
Fairtrade
Global trade
International trade
World trade
These are the commercial and financial penalties applied by one or more countries against a targeted country, group, or individual.
Free trade
Embargo
Tariffs
Economic sanctions
It is when different markets for the same product become one single market; for example, when an import tax in one of the markets is removed.
Market Integration
Economic Integration
Industrial Integration
Global Integration
European Union is an economic association established in 1957 by a number of Western European countries to promote free trade among its members. The establishment of EU is an example of
Establishment of Economic and Political Integrations
A forced choice effect of globalization upon nation-states
Establishment of international laws and principles
Rise of transnational activism
The final factor worth noting is attaining influential leaders with the appropriate knowledge base to approach a given geographic market.
Public Relations
Ethics
Organizational Structure
Leadership
It grows in both size and quantity, the inherent managerial implications of a fully globalized economy demonstrates higher levels of relevance and importance within global corporations.
International Companies
Multinational Corporations
Global Companies
Transnational Corporations
An agreement between two or more countries to remove barriers to trade, allow free flow of labor and capital and coordinate economic external policies
Political Union
Custom Union
Common Market
Economic Union
NAFTA, AFTA, MERCOSUR and COMESA are the world's major free trades area. The statement is
True
False
Partially True
Partially False
Which of the following statements is correct about integrated markets.
They are more competitive, and thus price assets are more efficiently
They are more cost-effective than segmented markets
They are making more efficient than segmented markets
All of the above
