IB Exam
Which of the following is defined as the use of computer networks to purchase, sell, or exchange products; service customers; and collaborate with partners?
E-commerce
In his international business class, Professor Jang organizes a debate on the societal effects of globalization. Juan Prince takes a position against globalization. He emphasizes how supranational institutions can threaten national sovereignty. He also notes the prevalence of low wages and sweatshop conditions as firms utilize low-cost labor abroad. Juan then describes the detrimental effects of corporate pollution on the environment, and he ends his argument by explaining how market globalization helps homogenize national cultures. Rina Taylor is assigned to counter Juan's position.
Examples of the United Nations imposing its will on nations
________ give distributors and suppliers access to a company's database to place orders or restock inventories electronically and automatically.
Extranets
________ is the trend toward greater economic, cultural, political, and technological interdependence among national institutions and economies.
Globalization
Which of the following refers to convergence in buyer preferences in markets around the world?
Globalization of markets
According to the opponents of globalization, which of the following occurs as a result of worker dislocation brought about by globalization?
Gradual lowering of workers' wages
In his international business class, Professor Jang organizes a debate on the societal effects of globalization. Juan Prince takes a position against globalization. He emphasizes how supranational institutions can threaten national sovereignty. He also notes the prevalence of low wages and sweatshop conditions as firms utilize low-cost labor abroad. Juan then describes the detrimental effects of corporate pollution on the environment, and he ends his argument by explaining how market globalization helps homogenize national cultures. Rina Taylor is assigned to counter Juan's position. Which of the following most likely supports Rina's argument over Juan's concerning the homogenization of national cultures?
Many countries specialize in producing the goods and services they can produce most efficiently.
Which of the following is an example of a service that a company might produce in a foreign country to benefit from low-cost labor?
Research
ast year, Sabrina Shin started a business selling all types of spices and hot sauces. The business is small but this entrepreneur's dreams are big. Given limited demand and sales fluctuations in the domestic market, Sabrina has been considering going international. Yet she has little information, many doubts, and no guidance. If you were to advise Sabrina on the myths versus facts of exporting, which of the following would you say is a fact?
Sabrina's products do not need export licensing.
According to the Globalization Index, which of the following nations ranks first as the most globalized nation overall?
Singapore
A major flaw of the original General Agreement on Tariffs and Trade (GATT) was that it lacked the power to
enforce world trade rules
Whereas relocating production to low-cost locales traditionally meant production of ________ almost exclusively, it increasingly applies to the production of
goods; services
Any commercial transaction that crosses the borders of two or more nations is known as ________.
international business
Tacky Toys, a U.S.-based toy retailer, buys all its merchandise from Mushi Toys, a Japan-based toy manufacturer with production facilities in 12 nations. Mushi Toys markets its toys globally without modification.
multinational company
The purpose of the General Agreement on Tariffs and Trade (GATT) was to ________.
promote free trade
