MAN 4701:- Chapter 6; FSU
Representation of the World Bank's board of directors is based on ...?
The size of the member nation's econmoy
At the beginning of the 20th Century, no country in the world had universal suffrage?
True
Even as the world has become free politically and economically, inequality has grown/
True
The term sector refers to broad division of a whole?
True
What U.S. company is the best example of using globalization to reduce the price of its products?
Walmart
A critic of globalization might argue that companies decide to manufacture in China mainly because of China's?
Weak health and safety regulations
The purpose of the World Trade Organization is to...?"
Eliminate barriers to free trade amongst nations.
Critics of globalization support the spread of American ideals and culture throughout the world?
False
According to the United Nations, a feature of democracy is to ...?
All the above
The acceleration of globalization had been driven by...?
All the above
According to the United Nations, how many transnational corporations operates in the global economy?
104,000
Which transportation system improvement has aided the acceleration of globalization?
All the above
Most nations in the world share similar political, social and economic beliefs/
False
Only manufacturing jobs are being lost through globalization?
False
The World Bank makes currency exchange easier for members countries so that they can participate in global trade?
False
The World Trade Organization conducts negotiations called "Cycles" on various topics, rotating its meetings among different cities?
False
The World Trade Organization is based in the United States of America/
False
The three strategies of globalization can be summarized using what three words?
Sell, Make and Buy
Although many firms conduct business across national boundaries, most global commerce is carried out by a small number of power firms?
True
Global commerce has taken place for hundred of years, dating back to the 15th Century?
True
