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Offshoring and Nearshoring MBA 4

Total questions: 162

Worksheet time: 2hrs 43mins

Name
Class
Date
1.

What are the two (2) types of outsourcing?

a)

Third Party

b)

Shared Service Center

c)

First Party

d)

Core Service Party

2.

Type of outsourcing that is owned by a service provider, a local entity or part of a global group

a)

Third Party

b)

Shared Service Center

c)

First Party

d)

Core Service Party

3.

Type of outsourcing that is providing services to clients of the service provider

a)

Third Party

b)

Shared Service Center

c)

First Party

d)

Core Service Party

4.

Type of outsourcing that is providing services entirely to affiliates and subsidiaries, or more rarely to clients of the mother company

a)

Third Party

b)

Shared Service Center

c)

First Party

d)

Core Service Party

5.

Strategy in outsourcing that has multiple vendors for client's

outsourced project.



(a)  

6.

Strategy in outsourcing where company puts out a call for a project; best

solution/submission is accepted and contracted.



(a)  

7.

Strategy in outsourcing where vendor in the same home country as

client



(a)  

8.

Strategy in outsourcing where vendor in a country “close” (geographic and/or cultural proximity) to client's home country



(a)  

9.

Strategy in outsourcing where vendor and client are in different countries

e.g. Philippines and USA



(a)  

10.

Which is NOT true about Core Activities-Tasks-Processes?

a)

Primary process or product of the business

b)

Tasks that deliver the primary product, the

c)

Support activities, processes, functions

11.

Which is/are true about Core Activities-Tasks-Processes? Choose all correct options.

a)

Primary process or product of the business

b)

Tasks that deliver the primary product, the

c)

Support activities, processes, functions

d)

“Essential, defining activities of an organization,” what it needs to keep enhancing to improve competitive advantage

12.

Which NOT to outsource? Choose all correct options.

a)

Design

b)

Product Development

c)

Process

d)

“Recipe”

e)

none of the above

13.

Give one (1) typically outsourced

Activities-Tasks-Processes?

ex. IT OUTSOURCING



(a)  

14.

What product or service do you thing an IT professional should outsource? Give at least one.

4 lines
15.

Type of outsourcing that is wholly-owned by the

mother company

a)

Third Party

b)

Shared Service Center

c)

First Party

d)

Core Service Party

16.

What is the process of employing people, training them, compensating them, developing policies relating to the workplace, and developing strategies to retain employees?

a)

Marketing management

b)

Human resource management

c)

Operations management

d)

Financial management

17.

Maya is a business owner and she is planning to provide health care benefits to her employees. What is the estimated cost of health care for a single employee per year if she chooses the plan that costs $4,003 per employee?

a)

$8,000

b)

$2,000

c)

$4,003

d)

$6,000

18.

What is the estimated cost of health care for employees with families per year?

a)

$7,000

b)

$9,764

c)

$11,000

d)

$13,000

19.

Benjamin is the HR manager at a company. He is considering hiring a new employee or replacing an old one for a position that pays $60,000. Avery, a financial advisor, estimated the cost of this process. What is Avery's estimate?

a)

$5,000

b)

$12,000

c)

$7,500

d)

$9,777

20.

What is the cause of lost revenue according to a survey reported on by the Sales and Marketing Management newsletter?

a)

Poor customer service

b)

Lack of innovation

c)

High employee turnover

d)

Ineffective communication

21.

Aria, Abigail, and Charlotte are studying for their economics exam. They come across a term that describes the movement of jobs overseas to contain costs. What is this term called?

a)

Offshoring

b)

Outsourcing

c)

Nearshoring

d)

Insourcing

22.

What is the estimated number of US jobs that will be moved overseas by 2015?

a)

4.1 million

b)

1.5 million

c)

3.3 million

d)

2.7 million

23.

Anika, Michael, and Elijah work for a company that provides them with a minimum level of benefits and a set amount to spend on flexible benefits. What type of plan does their company use?

a)

Retirement plan

b)

Flexible spending account

c)

Cafeteria plan

d)

Health savings account

24.

Ava, Abigail, and Aiden are part of the HR team in a large organization. They are discussing the financial implications of a lawsuit against their organization for inappropriate behavior in the workplace. What is the estimated cost they are considering?

a)

$1 million

b)

$2 million

c)

$3 million

d)

$4 million

25.

What is the most important factor to consider when balancing benefits offered to employees and cost containment?

a)

Market competition

b)

Employee satisfaction

c)

Company profitability

d)

Regulatory compliance

26.
 ________ is essential because it serves as a primary incentive for people to start companies, expand them, and provide consistently high-quality competitive goods and services.
a)
a.  Vision 
b)
b. Profit
c)
a.  Market research 
d)
b. philanthropy
27.
Labour Union is a not-for-profit organization
a)
True
b)
False
28.
The factors of production in an economic system are ________.
a)
natural resources, human resources, capital, and entrepreneurship
b)
 rent, wages, interest, and profit
29.
Capitalism is founded on ________.
a)
the social changes that followed the Industrial Revolution
b)
the idea that 80 percent of the nation’s wealth should be owned by no more than 20 percent of the people
c)
a. the belief that competition among business firms best serves the needs of society
30.
By offering a lifetime warranty on its products, Benco Inc. Electronics has set itself apart from its competition. This difference is known as Benco Inc. Electronics’ ___________.
a)
 competitive differentiation 
b)
private enterprise system
c)
capitalism
31.
Janet recently sold his furniture to his friend. Which freedom does this illustrate in the private enterprise system? 
a)
a. competition 
b)
b. private property
c)
 c. none of the above
32.
Benco Inc. is concentrating on building and promoting products in hopes that enough customers will buy the products, in order to cover the costs of production and earn acceptable profits.  This illustrates the concept of ________.
a)
relationship management      
b)
transaction management
c)
strategic alliance 
33.
If Benco Inc. changed its approach and started nurturing customer loyalty by gathering knowledge of customer needs and preferences in order to serve them better, they would be illustrating the concept of  ________.
a)
transaction management 
b)
relationship management 
c)
strategic alliance with customers
34.
Opening offices in Tokyo, London, and Sydney, in order to take advantage of lower-cost location overseas means that Google is ________ 
a)
offshoring 
b)
 nearshoring 
c)
   outsourcing
35.
Employee feedback is an ____________   is an internal force of change
a)
True
b)
False
36.
Assume Motorola and Microsoft worked together to develop a new cell phone that is a PDA. This would be an example of a strategic alliance
a)
True
b)
False
37.
Businesses have responsibilities towards which stakeholders? 
a)
     employees       
b)
 customer
c)
society or the general public
d)
 all of the above
38.
.  ________ is/are used to shape ethical conduct in the workplace. 
a)
ethical action        
b)
ethical awareness
c)
ethical leadership
d)
All the above
39.
ABC has a written code of ethics.  This contributes to _______ in the organization
a)
ethical awareness
b)
 ethical action 
c)
ethical reasoning
40.
Ana is an investment advisor and wants to recommend a stock her father happens to own.  She knows a lot about the stock, due to her father’s transactions and has been advising her father about possible actions to take, regarding that stock. With her personal interest in the performance of this stock, how should she best deal with this potential conflict of interest when recommending it?
a)
 She should make a negative recommendation
b)
a.  She should disclose the fact that her father owns the stock, while making the recommendation
41.
Harold knows of a defect in a product his company sells which consumers are not aware of. Disclosing this information to the public makes him a ?
a)
 good corporate citizen 
b)
loyal employee b.
c)
whistle-blower
42.
Benco Inc. provides support for employees faced with ethical dilemmas. An ethics officer is available in the Human Resources office or through an employee hotline. This is an example of ethical ________.
a)
Action
b)
education
43.
A company that pays employees’ wages for time spent on community development volunteer work, is not illustrating corporate philanthropy.
a)
True
b)
False
44.
Williams & Co. management is trying to decide the appropriate prices for various products sold by the firm. This is a focus of  microeconomics
a)
True
b)
False
45.
Business ethics (also corporate ethics) is a form of applied ethics or professional ethics that examines ethical principles and moral or ethical problems that arise in a business environment. 
a)
True
b)
False
46.

The transfering of work from a specific area of the company ( e.g. accounting, manufacturing) to an outside supplier, which can be done to a company that is located in the home country or anywhere else is called______.

a)

Offshoring

b)

Outsourcing

c)

Globalization

47.

Accounting is an example of a____________.

a)

back-office job

b)

service provider

c)

blue collar job

48.

The manager didn't expect such a (a)   after he announced a joint venture with the competitors.

49.

The CEO will try to cut (a)   in half by reducing working hours.

50.

Large-scale terminations of employment that are unrelated to job performance is known as___________________.

a)

job creation

b)

labor costs

c)

layoffs

51.

Moving operations from the country where a company is headquartered to a country where pay rates are lower and the necessary skills are available.

a)

Foreign markets

b)

Offshoring

c)

Outsourcing

52.

A planned reduction in the number of employees needed in a firm in order to reduce costs and make the business more efficient is called____________.

a)

layoff

b)

unemployment

c)

downsizing

53.

A benefit of offshoring for developing countries is (a)   as it helps to reduce unemployment rates.

54.

Customer name, credit limit, accounts recievable balance, and a log of the financial habits of a person who buys on credit is called_______.

a)

investor friendly

b)

corporate financial information

c)

credit records

55.

Cars, buildings, and technological equipment is an example of ______________ a company has.

a)

assets

b)

demand

c)

data

56.

It is a temporary business association between two or more persons or organizations for profit without forming a permanent partnership.

a)

Help-desk support

b)

Joint venture

c)

Partnership

57.

Exports that are not handled directly by the manufacturer or producer but through an export agent or freight forwarder (intermediaries)

a)

License

b)

Direct export

c)

Indirect export

58.

The company sells directly to a customer in another country.

a)

Direct export

b)

Agreement

c)

Indirect export

59.

An agreement in which one firm gives another firm the right to produce, sell or market its product in a specific country or region.

a)

Joint venture

b)

Licensing agreement

c)

Direct export

60.

Employees whose main contribution to the organization is specialized knowledge, such as knowledge of customers, a process, or a profession

a)

Knowledge workers

b)

Blue collar workers

c)

White collar worker

61.

Focal firms that internationalize through exporting will most likely perform ________ in the home market.

a)

sales

b)

distribution

c)

marketing

d)

manufacturing

62.

Which of the following services CANNOT be exported?

a)

insurance services

b)

education

c)

pure services

d)

construction

63.

________ will internationalize via FDI because they require direct contact with customers.

a)

Insurance firms

b)

Accountants

c)

Construction firms

d)

Retailing firms

64.

The Internet facilitates international trade in the service sector by ________.

a)

providing the means to export some types of services to foreign markets

b)

providing the means to avoid taxes in the foreign market

c)

allowing firms to attain maximum control by establishing ownership of key assets

d)

eliminating the need to deal with foreign currency exchange rates

65.

Which of the following is an advantage of exporting?

a)

It allows focal firms to attain maximum control by establishing ownership of key assets in the foreign market.

b)

It is a high-control strategy that requires substantial resource commitment when compared to equity joint ventures.

c)

It minimizes exposure to tariffs and other trade barriers, as well as fluctuations in exchange rates.

d)

It increases overall sales volume, improves market share, and reduces per-unit costs of manufacturing and can potentially generate profit margins that are often more favorable than in the domestic market.

66.

Which of the following is most likely a disadvantage to firms who use exporting as an entry strategy?

a)

high cost of foreign market entry

b)

difficulties withdrawing from foreign markets

c)

The firm must acquire and dedicate capabilities to conduct complex transactions, which can strain organizational resources.

d)

high risk due to uncertainty in the political environment of the foreign market

67.

After managers have chosen an appropriate market for exporting, the next step is to ________.

a)

decide about the resources to be committed

b)

acquire the skills and competencies to handle export operations

c)

engage appropriate international trade attorneys

d)

modify advertising and promotional activities to suit individual markets

68.

A company-owned subsidiary is ________.

a)

accomplished by contracting with intermediaries located in the firm's home market

b)

typically achieved by contracting with intermediaries located in the foreign market

c)

a foreign intermediary that serves as an extension of the exporter, negotiating on behalf of the exporter and assuming such responsibilities as local supply-chain management, pricing, and customer service

d)

a representative office of the focal firm that handles marketing, physical distribution, promotion, and customer service activities in the foreign market

69.

Which of the following activities is applicable to the final stage of exporting?

a)

The firm engages appropriate bankers and international trade attorneys.

b)

The firm screens the most attractive export markets.

c)

The firm needs to refine approaches to suit market conditions.

d)

The firm acquires product development and foreign language skills.

70.

The Internet provides the means to sell products directly to customers rather than going through traditional wholesale and retail channels.

a)

True

b)

False

71.

Indirect exporting is exporting that is accomplished by contracting with intermediaries located in the home or domestic market.

a)

True

b)

False

72.

Exporting and importing collectively refers to international trade.

a)

True

b)

False

73.

The exporter usually first issues a quotation or pro forma invoice upon request by potential customers.

a)

True

b)

False

74.

Exporters usually purchase an insurance certificate to protect the exported goods against damage, loss, pilferage (theft), and, in some cases, delay.

a)

True

b)

False

75.

The procurement of selected value-adding activities, including production of intermediate goods or finished products, from independent suppliers is known as ________.

a)

outsourcing

b)

franchising

c)

offshoring

d)

licensing

76.

The growth of global sourcing has been driven by ________.

a)

the declining demand for highly skilled workers

b)

the rapidly aging population in advanced economies

c)

technological advances in communications

d)

the rising costs of international business

77.

The relocation of a business process or entire manufacturing facility to a foreign country is known as ________.

a)

offshoring

b)

captive sourcing

c)

outsourcing

d)

subsidizing

78.

Which of the following is TRUE with regard to offshoring?

a)

Offshoring is common in the service sector, including banking, software code writing, legal services, and customer-service activities.

b)

Russia is the current leader in the processing of advanced economies' relocated business services.

c)

Offshoring substantially reduces the overall efficiency of MNEs.

d)

With rapid globalization and internationalization of businesses, offshoring is a visibly declining trend.

79.

Pet Grooming and tax filling are examples of which type of services.

a)

Services Industries and companies

b)

Services as a Product

c)

Customer Service

d)

Derived Service

80.

Service is a ........................... commodity and cannot be inventoried.

a)

Simultaneity

b)

Cultural Specificity

c)

Perishable

d)

Customer Participation

81.

........................... refers to the relocation of business processes in a different country.

a)

Offshoring

b)

Outsourcing

c)

Near Shoring

d)

Shoring

82.

"For outsourcing, location can be within or outside the country." this statement is

a)

True

b)

False

83.

ATM machine is an example of which service infrastructure.

a)

Technology-generated service encounter

b)

Technology-mediated service encounter

c)

both

d)

none of the above

84.

The ................... is the customer who mounts a damaging attack when you least expect it.

a)

Terrorist

b)

Champion

c)

Tolerant

d)

Patient

85.

Which are the following belong to the Services aspects in operations management.​

a)

Intangible

b)


Tangible

c)

Long Response time

d)

None of the above

86.

An service operations manager is not likely to be involved in

a)

the identification of customers’ wants and needs

b)

the design of products and services to satisfy customers’ wants and needs

c)

the quality of products and services to satisfy customers’ wants and needs

d)

work scheduling to meet the due dates promised to customers

87.

Prisons, Leisure, and Schools are the examples of which type of services

a)

Not-for-profit services

b)

Public services

c)

Business-to-consumer (B2C) services

d)

all of the above

88.

Which is not a significant difference between manufacturing and service operations?

a)

cost per unit

b)

uniformity of output

c)

labor content of jobs

d)

Measurement of productivity

89.
Company ABC had been sentenced to pay fines for distributing products below quality-standards, even though this is not embedded in the legal code a precedent provided sufficient legal basis for the judge. This is an example of:
a)
informal institutions
b)
opportunistic behavior
c)
common law
d)
civil law
90.
Company DEF fired 200 of their employees after they acquired a new plant in Mexico, which burned down due to some unclear circumstances, leading the share price to drop by 10%. Which of the following context does best describe this?
a)
liberal market economy
b)
Democracy
c)
Totalitarian system
d)
coordinated market economy
91.
A German graduate gets fired from a firm in Japan because he spoke up in meetings to question the managers decisions. After doing the same in his home country he got promoted.
This is an example of:
a)
power distance
b)
civilization
c)
language barriers
d)
masculinity
92.
After a senior manager denied a cup of coffee after an extensive business-dinner with his Arabic business-partners he realized a negative change in their behavior. This is due to the presence of:
a)
low-context cultures
b)
uncertainty avoidance
c)
high-context cultures
d)
ethical imperialism
93.
A manager imposes too strict compliance standards among his employees, because he simply thinks this is the right way to go, even though this leads to resentment among them. This is an example of:
a)
ethical imperialism
b)
employee protection
c)
corruption
d)
formal institution
94.
A domestic US Firm moves its IT-Center to India for employing highly capable Indian IT-experts. This is an example of:
a)
domestic outsourcing
b)
captive offshoring
c)
nearshoring
d)
offshore outsourcing
95.
Nike has outsourced nearly all of its production of shoes and apparel to contract manufacturers in low-cost countries, however they take care of the design, marketing and selling of the shoes. Taking this into consideration, Nikes contract manufacturers could be most likely described as:
a)
Original design manufacturer
b)
Original brand manufacturer
c)
Original equipment manager
d)
original brand designer  
96.

An occasion when a company stops employing someone, sometimes temporarily, because the company does not have enough money or enough work.

a)

Hiring

b)

Layoffs

c)

Transfered

97.

The practice of basing a business or part of a business in a different country, usually because this involves paying less tax or other costs.

a)

Outsourcing

b)

Offshoring

c)

Backlash

98.

A strong feeling among a group of people in reaction to a change or recent events in society or politics

a)

Fall

b)

Downsizing

c)

Backlash

99.

When a company pays another company to have part of its work done.

a)

Outsourcing

b)

Offshoring

c)

Overheads

100.

The regular and necessary costs, such as rent, heating, electricity that are involved in operating a business.

a)

Surplus

b)

Backlash

c)

Overheads

101.

The portion of a company made up of administration and support personnel who do not deal with directly with customers.

a)

Back-office jobs

b)

Downsizing

c)

Surplus

102.

The practice of making a company or an organization smaller by reducing the number of people working for it,

a)

Downsizing

b)

Labor

c)

Credit records

103.
When you hire someone outside your company to do work it is called
a)
outfitting
b)
IT
c)
insourcing
d)
outsourcing
104.

Which term best describes hiring someone outside the company to do work that was once done by the company's own workers?

a)

brain gain

b)

recycling

c)

brain drain

d)

outsourcing

105.

companies that sell outsourcing services

a)

cost-saving

b)

sector

c)

skilled workers

d)

outsourcing vendors

106.

places where people can learn new skills

a)

offshore locations

b)

closer to home

c)

infrastructure

d)

training facilities

107.

people with the training and expertise to do a job well

a)

core activities

b)

skilled workers

c)

offshore locations

d)

sector

108.

contracting a business task to an outside service provider

a)

skilled workers

b)

business process outsourcing

c)

sector

d)

offshore locations

109.

knowledge or skills provided by an external provider

a)

core activities

b)

closer to home

c)

outside expertise

d)

sector

110.

based in a foreign country

a)

offshore locations

b)

infrastructure

c)

sector

d)

business process outsourcing

111.

when you find ways to cut your overheads

a)

closer to home

b)

offshore locations

c)

sector

d)

cost-saving

112.

The transfering of work from a specific area of the company ( e.g. accounting, manufacturing) to an outside supplier, which can be done to a company that is located in the home country or anywhere else is called______.

a)

Offshoring

b)

Outsourcing

c)

Globalization

113.

Accounting is an example of a____________.

a)

back-office job

b)

service provider

c)

blue collar job

114.

Moving operations from the country where a company is headquartered to a country where pay rates are lower and the necessary skills are available.

a)

Foreign markets

b)

Offshoring

c)

Outsourcing

115.

Employees whose main contribution to the organization is specialized knowledge, such as knowledge of customers, a process, or a profession

a)

Knowledge workers

b)

Blue collar workers

c)

White collar worker

116.
Which of the following is not correct about "outsourcing?"
a)
It involves a company hiring another country to do certain work activities.
b)
It can reduce labor costs.
c)
It increases costs of producing goods/ services.
d)
Outsourcing countries are often in developing companies.
117.

Which of these is not a benefit of outsourcing jobs?

a)

Residents in other countries learn about a company’s product

b)

Workers in the UK. lose their jobs

c)

A company makes a larger profit because the cost of labour is lower.

118.
What is an offshore location?
a)
Located in a different country.
b)
Located in a different state.
c)
Located in a different continent.
d)
Located by a body of sea.
119.

The portion of a company made up of administration and support personnel who do not deal with directly with customers.

a)

Back-office jobs

b)

Downsizing

c)

Surplus

120.

Which term best refers to the transferring out of internal activities to an external provider?

a)

Subcontracting

b)

Offshoring

c)

Franchising

d)

Re-shoring

121.

Which term refers to relocating a business’ activities overseas?

a)

Re-shoring

b)

Insourcing

c)

Offshoring

d)

Outsourcing

122.

Which term refers to transferring overseas operations back to the domestic country?

a)

Subcontracting

b)

Outsourcing

c)

Re-shoring

d)

Insourcing

123.

Apple designs its products in California, USA. It contracts significant manufacturing activities to Foxconn in Shenzhen, China. What is this an example of?

a)

Repatriation

b)

Offshoring

c)

Re-shoring

d)

Outsourcing

124.

Which of the following is a not disadvantage of outsourcing?

a)

Redundancies may be caused, so need to be handled carefully

b)

It distracts a firm from focusing on its core business activities

c)

Subcontractors may engage in unethical business practices

d)

Quality management is more challenging, especially if the outsource firm is located oversea

125.

The transfering of work from a specific area of the company ( e.g. accounting, manufacturing) to an outside supplier, which can be done to a company that is located in the home country or anywhere else is called______.

a)

Offshoring

b)

Outsourcing

c)

Globalization

126.

The process of growing interdependence of global economies is called:

a)

global sourcing

b)

globalization

c)

globalism

d)

global warming

127.

Globalization creates various benefits, not necessarily including:

a)

higher profits

b)

cheaper labor

c)

new customers

d)

higher risks

128.

_____ is where a business purchases materials, manufacturing, or services from around the world.

a)

Global warming

b)

Global sourcing

c)

Globalization

d)

Global economy

129.

A ____ is a network of a firm’s outsourcing suppliers and contractors.

a)

global value network

b)

global supply chian

c)

global sourcing network

d)

global sourcing chain

130.

_____ shifts jobs back from foreign locations to domestic locations

a)

Offshoring

b)

Outsourcing

c)

Reshoring

d)

Globalization

131.

"Foreign subsidiaries" is the highest level of direct investment.

a)

True

b)

False

132.

____ is co-ownership arrangement where the foreign and local business jointly operate a new business.

a)

Strategic alliance

b)

Global branches

c)

Joint venture

d)

Foreign subsidiaries

133.

____ is when foreign firms pay a fee for rights to make or sell another company’s products in a specified region.

a)

Foreign subsidiaries

b)

Joint venture

c)

Licensing

d)

Exporting

134.

When nations agree to work together for economic gains, they tend to form ____.

a)

trade barriers

b)

regional economic alliances

c)

international partnerships

d)

global value networks

135.

Which is NOT an example of regional economic alliances?

a)

NAFTA

b)

EU

c)

APEC

d)

UN

136.

The alliances that link 21 countries across the Pacific is:

a)

ASEAN

b)

SADC

c)

NAFTA

d)

APEC

137.

Mutual benefits of MNC include all but:

a)

market growth

b)

labor exploitations

c)

better development

d)

higher profit

138.

A limited quantity of a product which may be produced, exported, or imported is called a (a)   .

139.

An arrangement between two countries make to trade without tariffs, quotas, or other restrictions on some products is called (a)   .

140.

The reduction of barriers to make foreign trade between countries easier is called ___.

a)

protectionism

b)

socialism

c)

capitalism

d)

trade liberalisation

141.

Taxes imposed on imports or exports to discourage foreign trade are called (a)   .

142.

The relocation of manufacturing jobs so as to cut the cost of production is called (a)   .

143.

Countries that have a lower average standard of living are often called ___.

a)

stagnant countries

b)

developing countries

c)

a banana republic

d)

developed countries

144.

The organisation in charge of regulating foreign trade and conducting trade negotiations is the (a)   .

145.

The practice of safeguarding a country's domestic industries from foreign competition by discouraging imports is called (a)   .

146.

Sustainable development refers to:

a)

the administration of natural resources to make sure they are also available for future generations.

b)

the exchange of capital, goods, and services across international borders or territories.

c)

the planning to meet the social and economic needs of humans while preserving the natural environment.

d)

the fair treatment and equitable status of all individuals and social groups within a state or society.

147.

The practice of basing a business or part of a business in a different country, usually because this involves paying less tax or other costs, is called (a)   .

148.

What is mercantilism?

a)

a government-issued currency that is not backed by a

physical commodity

b)

the economic

theory that trade generates wealth

c)

a network of pathways where trade was facilitated in the ancient world

d)

a tax imposed on imported or exported products

149.

What is the main focus of the 'MEDIASCAPE' in the context of globalization?

a)

The flow of money across political boarders

b)

The global movement of people across boundaries

c)

The flow of media across boarders

d)

The global flow of ideas

150.

What is the main focus of the 'ETHNOSCAPE' in the context of globalization?

a)

The flow of money across political boarders

b)

The global flow of ideas

c)

The flow of technology, mechanical goods, or software

d)

The global movement of people across boundaries

151.

This is a type of currency that was not backed by any precious metal.

a)

barter

b)

Bretton-Woods System

c)

Fiat Currency

d)

gold standard

152.

He is the proponent of the "scapes" of globalization.

a)

Aljur Abrenica

b)

Arjun Appadurai

c)

Arjuna Appadurai

d)

Jake Andrich

153.

This is the single, most important defining factor of a state.

a)

language

b)

national flag

c)

sovereignty

d)

economy

154.

The 30-Year War was a religious dispute between what faiths?

a)

Islam and Christians

b)

Catholics and Protestants

c)

Catholics and Satanists

d)

Islam and Protestants

155.

_________ theorized that the world is divided into three distinct parts; peripheral, semi-peripheral, and core countries.

a)

Charles Darwin

b)

Immanuel Kant

c)

Karl Marx

d)

Immanuel Wallerstein

156.

What is the best scholarly description of globalization?

a)

The flow of media across boarders

b)

The expansion and intensification of social relations and consciousness across world-time and across world-space

c)

The integration of the international markets to a wider global market

d)

The global movement of people across boundaries

157.

What does the term 'scapes' refer to in the context of globalization?

a)

The multiple and intersecting dimensions of integration

b)

The global movement of people across boundaries

c)

The flow of money across political boarders

d)

The intersecting processes of globalization

158.

It is the process or the act of relocating a business,

typically from one country to another.

a)

offshoring

b)

economic integration

c)

migration

d)

internationalization

159.

It is a process of combining or increasing the interconnection of national economies to the regional or global economies.

a)

globalization

b)

internationalism

c)

economic globalization

d)

economic integration

160.

According to Sugden and Wilson, the expansion of national economies through the help of technology and supported by policy or institutional setups is called __________.

a)

economic integration

b)

tariff

c)

economic globalization

d)

financescape

161.

A term used by scholars to refer to the phenomenon where governments downplay their regulations to attract foreign investors.

a)

offshoring

b)

glocatlization

c)

protectionism

d)

race to the bottom

162.

A non-government institution that contributes to

peace and security by promoting international collaboration through educational,

scientific, and cultural reforms.

a)

United Nations Educational, Scientific, and Cultural Organization

b)

International Labor Organization

c)

International Monetary Fund

d)

World Trade Organization

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