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- 1. Multiple Choice
Which of the following statements is true about the effects of globalization?
Globalization has influenced the standard of life and personal satisfaction of people and families throughout the world
Globalization creates a more level playing field between nations and businesses
Globalization promotes interconnection among diverse national economies
All of the choices
- 2. Multiple Choice
When businesses want to manufacture their products at a cheaper rate, they employ the services from developing countries which is possible in countries such as China and Cambodia, where manufacturing costs and wages are lower than highly developed countries. This business practice is called:
Freelancing
Outsourcing
Local employment
Networking
- 3. Multiple Choice
Which of the following statements is not true about globalization?
Globalization is a process of interaction and integration among the people, companies and governments of different nations, a process driven by international trade and investment and aided by information technology
Globalization is a recent phenomenon which traces its origin in the Information Age and thrived because of the presence of social media and new technologies
Globalization represents the global integration of international trade, investment, information technology and cultures
Globalization is the free movement of goods, services and people across the world in a seamless and integrated manner.
- 4. Multiple Choice
The term international Financial Institution typically refers to the International Monetary Fund, the World Bank and the United Nations:
TRUE
FALSE
- 5. Multiple Choice
Immanuel Wallerstein described high-income countries as the:
CORE
SEMI-PERIPHERY
PERIPHERY
- 6. Multiple Choice
Which of the following statements is not true?
The International Monetary Fund and World Bank are specialized agencies in the United Nation as a system
All International Financial Institutions admit only sovereign countries as owner-members, but all are characterized by a broad country membership, including both borrowing developing countries and developed donor countries.
Each IFI has its own independent legal and operational status, but because a considerable number of countries have membership in several IFIs, a high level of cooperation is maintained among them
Membership in the regional development banks is limited to countries from the region.
- 7. Multiple Choice
Based on the Modern World System of Immanuel Wallerstein, which of the following statements is incorrect?
The semi-periphery of the world economy is the manufacturing base of the planet
High-income nations are considered "core" of the world economy, the periphery is economically dependent on the core.
Poor countries lack industrial capacity that's why they need to import expensive goods from rich nations
none of the choices
- 8. Multiple Choice
1. It is a term used to describe the changes in societies and world economy that result of cultural exchange.
Globalization
Liberalism
Internationalization
None of the choices
- 9. Multiple Choice
Which of the following is a driver of globalization?
Trade barriers and controls on inflows of foreign direct investment
Weak competition
Technological advances.
Economies of scale are being exploited to the maximum
- 10. Multiple Choice
Globalization represents an increasing integration of all the following except:
Economics
Culture
Communications
Morals
- 11. Multiple Choice
.All of the following are examples of the benefits of globalization except:
A rapid economic transformation made the world more interdependent
There is now a global culture with urbanization and resemblance
Globalization is the latest stage of Western Imperialism
The world is becoming more homogenous, a cosmopolitan culture is developing in which people think globally
- 12. Multiple Choice
Globalization could not exist without:
Increase trade
Global transportation
A common religion
A common currency
- 13. Multiple Choice
Which of the following is a great impact of globalization?
Culture impact
Social impact
Trading Impact
Popularity impact
- 14. Multiple Choice
Which of the following do not facilitate globalization?
Improvements in communications
Loose immigration controls
Barriers to trade and investment
Removal of controls on movement of capital across borders
- 15. Multiple Choice
Globalization can create problems for business because:
It can result in more competition
It reduces vulnerability to political risk and uncertainty when operating abroad
It means that they can increase prices.
All of the above
- 16. Multiple Choice
Liquidity refers to barriers that prevent or make difficult the movement of things.
TRUE
FALSE
- 17. Multiple Choice
Solidity refers to the increasing ease of movement of people, things, information and places in the contemporary world.
TRUE
FALSE
- 18. Multiple Choice
FLOWS refers to the movement of people, things, places and information brought by the growing “porosity” of global limitations.
TRUE
FALSE
- 19. Multiple Choice
Refers to the creation of various cultural practices, new economies and political groups because of the interaction of elements from different societies in the world.
Homogeniety
Heterogeniety
Global Value Chain
Grobalization
- 20. Multiple Choice
Refers to international production sharing, a phenomenon where production is broken into activities and tasks carried out in different countries.
Homogeniety
Heterogeneity
Global Value Chain
Grobalization
- 21. Multiple Choice
A nation-state is an integration of the subgroups that define themselves as a nation with the organization structure that constitutes a state.
TRUE
FALSE
- 22. Multiple Choice
Refers to International Non profit organizations that perform public functions but are not established or run by nation-states.
International
Financial Institutions
International Non-governmental Organization
International Development bank
Bilateral Development banks.
- 23. Multiple Choice
This refers to networks of connections spanning multi-continental distances, drawing them close together economically, socially, culturally and informationally.
Informationalism
Glocalization
Grobalization
Globalism
- 24. Multiple Choice
The concept of strenghtening the capacity of information processing and communication, made possible by technological innovations
Informationalism
Glocalization
Grobalization
Globalism
- 25. Multiple Choice
This refers to a system of unequally powerful and competing states in which no single state is capable of imposing control on all others.
Interstate
Interdependent
Interaction
Interest
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