iba 350 study plan ch 2

What has been the result of making improvements to​ Nigeria's cell phone​ infrastructure? A.Enhancing economic growth and productivity. B.Changing the transportation infrastructure. C.Facilitating the use of​ computer-aided design in manufacturing. D.Reducing corporate expenditures on information technology. E.Reducing corporate social responsibility requirements.

A.Enhancing economic growth and productivity.

​________ inspires corporations to establish their​ sourcing, producing, and promoting activities on a worldwide scale in order to attain lower costs with higher efficiency. A.Globalization B.Contagion C.Foreign direct investment D.Sovereignty E.Country risk

A.Globalization

Which one of the following is considered an important measure of economic development of a country that often characterizes lower levels of​ globalization? A.Gross national income per person B.The underground economy C.Gross domestic product D.Sovereignty E.Number of supranational institutions

A.Gross national income per person

What should governments do to reduce the harm of globalization while also acquiring the benefits associated with​ globalization? A.Regulate financial institutions appropriately. B.Support exchange through political processes. C.Make it more difficult to enter new markets. D.Make private property more accessible. E.Nationalize foreign companies.

A.Regulate financial institutions appropriately.

________ refers to the degree of competence a country has in overseeing its own matters. It implies that the laws of one country cannot be applied to another country. A.Sovereignty B.Offshoring C.Reshoring D.Global sourcing E.Contagion

A.Sovereignty

The formation of the WTO and the emergence of economic integration blocs led to​ ________. A.a global decrease in barriers to trade B.technological advances C.industrialization and innovation D.financial markets integrating on a global scale E.market liberalization and implementation of free markets

A.a global decrease in barriers to trade

One of the most noteworthy influences on globalization has been​ ________. A.advances in​ technology, including​ communications, data, and engineering B.a global decrease in barriers to trade C.financial markets integrating on a global scale D.market liberalization and the implementation of free markets E.industrial​ growth, financial​ expansion, and innovation

A.advances in​ technology, including​ communications, data, and engineering

​________ involves a company paying external suppliers and​ contractors, who are located in foreign​ nations, to perform​ value-adding activities. A.Foreign direct investment B.Global outsourcing C.Sovereignty D.Reshoring E.Offshoring

B.Global outsourcing

India has become a prominent provider of software​ technologies, and Brazil has become a frontrunner in commercial aircraft development. Which cause of globalization is illustrated by these​ examples? A.Technological advancements in communication networks B.Industrialization, economic​ growth, and innovation C.Market liberalization and the implementation of free markets D.Worldwide reduction in trade barriers E.Financial markets integrating globally

B.Industrialization, economic​ growth, and innovation

________ involves companies transferring​ value-chain activities to more economical sites in foreign countries. A.Global outsourcing B.Offshoring C.Contagion D.Reshoring E.Global sourcing

B.Offshoring

Which one of the following is an upstream​ value-chain activity? A.Marketing B.Research and development C.Customer service D.After-sales service E.Transportation

B.Research and development

ABC Enterprises transferred some of its manufacturing and other​ value-chain activities to a more​ cost-effective location in China five years ago.​ Recently, ABC Enterprises has undergone a change in​ management, and the new manager has decided to move those​ value-chain and manufacturing activities back to the home country. In which one of the following is ABC​ participating? A.Global sourcing B.Reshoring C.Global outsourcing D.Sovereignty E.Offshoring

B.Reshoring

Which phase of globalization is composed of the growth and supremacy of multinational enterprises in the industrial and agricultural​ industries? A.Fourth phase B.Second phase C.Fifth phase D.Third phase E.First phase

B.Second phase

A grocer in Niagara​ Falls, Ontario, regularly bought vegetables from farmers in​ Rochester, New York. The invention of the telephone during this phase made it much easier for the grocer to call the New York farmers to ask about current prices and adjust her selling prices. In what phase of globalization did this situation​ occur? A.The third phase—1948 to the 1970s B.The first phase—1830 to the late 1800s C.The fourth phase—1980s ​- 2006 D.The fifth phase—2007 to the present E.The second phase—​1900-1930

B.The first phase—1830 to the late 1800s

the sequence of activities implemented by a company in the course of​ creating, manufacturing,​ promoting, and servicing a product is known as​ ________. A.global sourcing B.a value chain C.globalization of markets D.internationalization E.a contagion

B.a value chain

The trend of financial crises spreading from one country to another is known as​ ________. A.pollution B.contagion C.globalization D.cross-cultural risk E.internationalization

B.contagion

In​ 2017, which region had the smallest proportion of Internet​ users? A.Europe B.North America C.Africa D.The Middle East E.Latin America

C.Africa

Which one of the following is an example of globalizing​ manufacturing? A.A Mexican software company opens a Research and Development department in China. B.A U.S. paper manufacturer opens sales offices in Germany and Kazakhstan. C.An Indian apparel company sets up a factory in Madagascar. D.A British bank opens loan offices in the United​ States, Sri​ Lanka, and Guatemala. E.A Swiss watch maker signs distribution contracts with retail stores around the world.

C.An Indian apparel company sets up a factory in Madagascar.

Which of the following represents the trend of economic disaster spreading from one country to​ another? A.Pollution B.Internationalization C.Contagion D.Country risk E.Globalization

C.Contagion

Consumers' daily​ lives, partialities toward​ products, and spending habits all over the world are becoming increasingly similar. Popular brands now have global​followings, and materials are becoming more standardized. This represents which dimension of​ globalization? A.Integration and interdependence of national economies B.Globalization of services C.Convergence of customer preferences and standards D.Progression of international ventures and economic movements E.Globalization of production

C.Convergence of customer preferences and standards

Which one of the following best explains the globalization of​ production? A.Consumer shopping habits indicate changing trends and preferences to which manufacturers must respond. B.Regional trade agreements like the North American Free Trade Agreement facilitate reduced trade barriers among member nations. C.Firms reduce manufacturing costs and retail prices by moving manufacturing activities to nations with lower costs of labor. D.Globally active corporations develop multinational operations through the exchange of​ goods, financial​ ventures, and various​ value-chain activities. E.Manufacturing firms and governments buy and sell large quantities of global currencies.

C.Firms reduce manufacturing costs and retail prices by moving manufacturing activities to nations with lower costs of labor.

Which dimension of globalization involves the unrestricted movement of capital and the expanded networks of economies throughout the​ world? A.Merging of customer preferences and standards B.Globalization of production C.Progression of international investments and financial activities D.Incorporation and interdependence of global markets E.Growth of local financial integration alliances

C.Progression of international investments and financial activities

Which of the following terms represents the arrangement of activities conducted by a company in the course of​ creating, manufacturing,​ promoting, and servicing a​product? A.Contagion B.Global sourcing C.Value chain D.Globalization of markets E.Internationalization

C.Value chain

The​ ________ consists of approximately 160 countries worldwide and was created to control and safeguard fairness in international trade and investments. A.GATT B.IMF C.WTO D.APEC E.NAFTA

C.WTO

Mohammed lives in Turkey. Juan lives in Mexico. Both men were able to purchase the latest Mac book from their local retailer the day Apple released the new product. The functionality of the computer is the same with exception of the​ keyboard, which is customized for each language. This is an example of which of the​ following? A.Rise of regional economic integration blocs B.Globalization of services C.Growth of global investment and financial flows D.Convergence of consumer lifestyles and preferences E.Globalization of production

D.Convergence of consumer lifestyles and preferences

Which dimension of market globalization is a result of the North American Free Trade​ Agreement, as well as other​ countries' agreements that have facilitated reduced trade barriers among their​ members? A.Incorporation and interdependence of global markets B.Globalization of manufacturing C.Merging of customer preferences and standards D.Growth of regional economic integration blocs E.Progression of international ventures and economic movements

D.Growth of regional economic integration blocs

Which of the following statements regarding information technology is​ accurate? A.Given the added investment​ costs, a result of advances in information technology has been a decrease in early internationalization by​ small- and​medium-sized enterprises. B.Technology enables companies to interact with their partners globally in a timelier but less​ cost-effective manner. C.Information technology benefits only larger firms due to the design and production of customized products being targeted to more narrow market niches. D.Information technology has created a competitive advantage for firms by allowing them more opportunities to outdo their competitors. E.The cost of computer processing has increased by more than​ 30% in the past 30 years.

D.Information technology has created a competitive advantage for firms by allowing them more opportunities to outdo their competitors.

Which cause of globalization BEST explains why some emerging markets have increased their standards of living and become competitive producers and exporters of computers and​ software? A.Technological advances B.Financial markets integrating on a global scale C.A global decrease in barriers to trade D.The implementation of free markets E.Economic development and industrialization

E.Economic development and industrialization

​________ refers to the steady integration and increasing interdependence of economies. A.Global sourcing B.Cross-border trade of commodities C.Industrialization D.Foreign direct investment E.Globalization of markets

E.Globalization of markets

Many small enterprises are creating products for international markets using​ 3-D printers. Product plans and designs can be found simply by searching online. Using the Internet to design products is an example of which area of technological​ advancement? A.Manufacturing B.Transportation C.Communications D.Basic scientific research E.Information technology

E.Information technology

Which term describes the knowledge and process of creating and utilizing informational​ resources? A.Manufacturing infrastructure B.Communications C.Information reshoring D.Value chain E.Information technology

E.Information technology

China, India, and Eastern Europe have become known as​ cost-effective places for producing goods and​ services, and they have attracted an increasing amount of foreign capital into their economies. Which driver of globalization best explains this​ occurrence? A.Industrialization and rebuilding B.A global decrease in barriers of trade C.Technological advances improving efficiency at a global scale D.Financial markets integrating on a global scale E.Market liberalization and implementation of open markets

E.Market liberalization and implementation of open markets

Which one of the following globalization drivers increased monetary connectivity and simplified​ cross-border transactions? A.The implementation of free markets B.Industrialization in underdeveloped nations C.Global decreases in barriers to trade D.Advancements in communication technology E.The integration of global financial markets

E.The integration of global financial markets

The spread of Starbucks around the world is an example of the​ ________ of markets. A.market liberalization B.industrialization C.technological advancement D.modernization E.globalization

E.globalization

When a company transfers its​ value-chain activities by launching a subsidiary in a foreign​ country, it is called​ ________. A.reshoring B.exporting C.contagion D.relaunching E.offshoring

E.offshoring

The greatest significance of globalization is reflected directly in a​ company's ________. A.offshoring activities B.balance sheet C.reshoring efforts D.market share E.value chain

E.value chain