Reference no: EM13948457

1. One of the goals of the World Trade Organization is nondiscrimination, that is, to treat all member nations equally. China, a member of the WTO, has a very poor record on human rights, the environment, and intellectual piracy, yet the organization has put not sanctions on China's economy. Which of the following is the main factor in this problem?

(a) Oversight

(b) Profit

(c) Debt

(d) Inflation

(e) Supranationalism

2. Which one of the following is NOT true of oil's impact on the world's businesses and governments?

(a) Some oil-exporting countries have used their wealth to reinforce the power and privilege of the elite classes

(b) The members of the Organization of Petroleum Exporting Countries (OPEC) control oil production and pricing.

(c) The United States control the amount of oil on the international market

(d) Brunei has one of the lowest per capita incomes in Southeast Asia, partly due to oil exports

(e) Several countries in the Middle East grew very wealthy very quickly as they discovered and exploited oil reserves

3. Nantalie was faced with a decision about the overseas branch of her company that she has been working with for a year. She knew what to do according to her own values, but was uncertain about the ethics of the society where she was living. She called together the company managers to discuss what to do, and even though their choice was different from hers, she felt that it was the right thing for the time and place. This situation is an example of what?

(a) A common dilemma

(b) Exploring emotions

(c) Looking towards the future

(d) Stressing values over ethics

(e) Considering personal ethics, societal ethics, and company ethics

4. Which of the following summarizes the business philosophy so Sandy Cutler, CEO of Eaton Corporation?

(a) People, Service, and Profits

(b) An organizational viewpoint

(c) Depth perception in business perspective

(d) Purpose and planning

(e) Multi-faceted international strategy

5. Milo lives in Italy and is looking for ways to expand his business globally. He has decided that the three qualities that would help him the most are an educated populace, free trade policies, and low employee wages. Which of the following countries would be best for Milo's investment?

(a) The United States

(b) Russia

(c) Brazil

(d) India

(e) China

6. Michele Francois, an Executive Vice President at Researchers, Incorporated, a global research conglomerate, has been made aware of the fact that, since the onset of the recession in 2008, there has been a movement back towards localizations as businesses have, in general, begun to move away from ________.

(a) Globalization

(b) Innovation

(c) Industrialization

(d) Humanitarianism

(e) Geocentric tendencies

7. Which question best describes the point at issue between Ted and Bruce?

(a) Is it possible to avoid buying and products produced outside the United States?

(b) Is it true that multinational corporations have kicked farmers off their land?

(c) Do multinational corporations produce good jobs in the developing world?

(d) Do the benefits of globalization outweigh the costs in imposes on citizens?

(e) Should there be added regulation on companies located in the developing world?

8. Which of the following is an opportunity presented by globalizations?

(a) Job migration

(b) Global partnerships

(c) Government involvement

(d) Rapid growth

(e) Expanding sales to developing markets

9. An American clothing company hired Flavio as a coach for their employees who were taking their clothing line to sell in Brazil. Flavio was so enthusiastic about his country's culture that he never got to speak about Brazilian business customs. What mistake did Flavio make?

(a) Flavio did not concentrate on the future of the company in Brazil.

(b) Flavio did not plan his time correctly

(c) Flavio did not take the time to build a trusting relationship with the managers he was coaching.

(d) He prolonged the coaching time beyond what was needed

(e) He knew Brazilian culture, but not American culture

10. Which of the following, if true, would strengthen Bruce's argument?

(a) Governments in developing countries are responsible for more citizens' deaths than corporations

(b) Few people living in the developing world welcome multinational corporations to their communities.

(c) Ted is an activist in an anti-corporate movement that hopes to one day end globalization

(d) Multinational corporations have seen their revenues rise rapidly with development of globalization

(e) Medicine produced by American corporations has led to rising life expectancy in the developing world

11. Ted and Bruce are having an argument about globalization. "Globalization is destroying developing nations, "Ted insists. "Multinational corporations move into poor countries, kick local farmers off their land, and divert drinking water sources to supply the needs of factories. I only buy from companies that produce strictly in the United States, to make sure I'm not contributing to people's misery. " "Globalization has done more good than harm to the developing world," Bruce retorts. "Companies from wealthier countries are now able to bring their skills knowledge, and capital to help poor countries develop. This builds infrastructure and creates better jobs. Multinational corporations don't want to harm communities in poor countries; they want to help them! It's really the fault of governments in the in the developing world for allowing certain companies to break laws and harm people." Ted's argument is based on which if the following assumptions?

(a) Jobs created as result of globalization are not any better than those destroyed by it.

(b) Multinational corporations could make just as much money without harming the developing world

(c) Companies that produce strictly in the United States will help stop globalization

(d) Buying only products that are produced in the United States will help stop globalization

(e) Products produced in the United States are just as good as those produced by multinational corporations

12. What is the example of the handmade watch company meant to illustrate?

(a) How globalization has changed supply and demand

(b) How ICTs have affected globalization

(c) Factory-made products replacing old crafts

(d) How globalization has affected production

(e) World-wide acceptance of "McDonaldization"

13. Lyle is looking over expanding markets and decides that his business might do well in India. Which of the following is the most likely reason for Lyle's decision?

(a) Economic stability

(b) Low healthcare costs

(c) Proximity to the west

(d) Fluency in English

(e) Environmental sustainability

14. Why would a businessperson from the United States favour NAFTA?

(a) He can buy parts for this products in Mexico without having to pay an import fee

(b) He can take on a partner from the European Union without having to pay extra tax

(c) He can borrow from the Chinese at a low interest rate

(d) He can do unrestricted business in Singapore

(e) He can relocate his production plant in Venezuela

15. Which of the following correctly compares the Vodaphone method of maintaining international trade with the FedEx method?

(a) Eastern Hemisphere, Western Hemisphere

(b) Technology, communication

(c) Cooperation, leadership

(d) Political, economic

(e) Rapid change, slow change

16. Which of the following BEST exemplifies globalizations?

(a) Jeremy bought a new software program that was designed by apple, an American company. The store he bought it in was an English-based retail chain. When he got tome, he took the Chinese-made CD out of its case in inserted it into his computer. When a problem arose, he called the toll-free assistance hotline and spoke with a customer service representative in India.

(b) Rahim is unwilling to expand his company into foreign markets due to what he views as an inferiority of workers and consumers in other nations

(c) Mark caught the redeye into New York, returning back from Los Angeles, where he worked all week to secure the franchising agreement with his company's rival in California

(d) Whichever new industry Myleno and his design company entered, always took a creative approach, but one that also considered the viewpoints of other business leaders and consumers within that industry.

(e) Susan and Diane held strong to their corporation's motto of doing business in the exact same way not matter where they were doing business

17. What company has been successful by promoting the culture-sensitive Partner Market Agreements strategy?

(a) Disney

(b) Global new ventures

(c) McDonald's

(d) FedEx

(e) Vodaphone

18. Which one of the following statements is NOT ascribed to by those oppose globalizations?

(a) Reports have found that millions of framers in both developing and developed countries have lost their farms and their livelihoods in the name of progress and globalization.

(b) Globalisation is an effective means of destroying the autonomy of the developing world and indigenous cultures

(c) Progress toward globalization is a capitalist movement with built-in inequities that are designed to hurt the average citizen.

(d) Water and weather patterns are affected due to globalization

(e) Globalization has resulted in more jobs within the local community

19. Which one of the following has encouraged the movement toward localizations?

(a) The need for the protection of the environment

(b) The benefits of globalization for the worldwide middle class

(c) The increased integration of economies and technologies

(d) The increase in prosperity of many of the world's poor, due to globalization

(e) The recession of 2008

20. One side favors off shoring: the other side favors small farmers. What are the two sides?

(a) The business environment, the social environment

(b) The developing world, indigenous cultures

(c) The WTO, the UN

(d) Globalizations, anti-globalization

(e) The western world, the Asian world