chegg chapter 6

t/f Critics of globalization support the spread of American ideals and culture throughout the rest of the world.

false

According to the United Nations, how many transnational corporations operate in the global economy?

104,000

A firm that would like to develop a global supply chain would:

Purchase raw materials, components, or supplies from sellers in other countries.

Which transportation system improvement has aided the acceleration of globalization?

airfreight high speed rail new oceangoing vessels

The three strategies of globalization can be summarized using what three words?

sell, make, and buy

True/false Globalization directly and indirectly influences the politics, environment, geopolitics, and economics of virtually every country in the world.

true

t/f Under the World Trade Organization's most favored nation rule, member countries may not discriminate against foreign products for any reason.

true

A firm that has global operations has:

Some or all of their manufacturing or service operations abroad.

Representation on the World Bank's board of directors is based on:

THE SIZE OF the member nations economy

example of a social and political reform that has led to the acceleration of globalization?

The collapse of former communist states of central and eastern Europe

Global market channels involve a firm producing goods in:

Their home country and exporting them to other countries.

t/f Globalization is accepted worldwide and creates little controversy

false

t/f Most nations in the world share similar political, social and economic beliefs.

false

t/f Only manufacturing jobs are being lost through globalization.

false

t/f The World Trade Organization conducts negotiations, called "cycles," on various topics, rotating its meetings among different cities.

false

t/f the World Bank makes currency exchange easier for member countries so that they can participate in global trade.

false

t/f t he World Trade Organization is based in the United States.

false

In 2010, the leading nonfinancial transnational corporation, with foreign assets totaling over $551 million was:

general electric

The acceleration of globalization has been driven by:

technological innovation transportation systems social and political reforms

t/f Even as the world has become freer politically and economically, inequality has grown.

true

t/f Global commerce has taken place for hundreds of years, dating back to the 15th century.

true

t/f Productivity rises more quickly when countries produce goods and services for which they have a natural talent.

true

t/f The term sector refers to broad divisions of a whole

true

t/f although many firms conduct business across national boundaries, most global commerce is carried out by a small number of powerful firms.

true

t/f at the beginning of the 20 th century, no country in the world had universal suffrage.

true

An example of an international financial and trade institution is:

world bank international monetary fund world trade organization