mgmt globalization

Under the World Trade Organization's most-favored nation rule: Select one: a.All import restrictions imposed by other nations on their goods are illegal unless a cultural waiver is issued. b.All import restrictions are illegal unless proven scientifically. c.Most-favored nations can impose heavy tariffs on other nations. d.Most-favored nations can oppose the dumping of goods by any nation in their home market.

b.All import restrictions are illegal unless proven scientifically.

The most important agreement which codifies human rights is: Select one: a.The American Civil Liberties Act. b.The Versailles Treaty. c.The Universal Declaration of Human Rights. d.The U.S. Declaration of Independence.

c.The Universal Declaration of Human Rights.

Which statement(s) below are true about global income? Select one: a.Income is how much one earns in a day or a year. b.Income at the bottom of the pyramid varies from place to place. c.Around 10 billion people globally sit at the bottom of the pyramid. d.Both of these answers are correct: Income is how much one earns in a day or a year, and income at the bottom of the pyramid varies from place to place.

d.Both of these answers are correct: Income is how much one earns in a day or a year; and income at the bottom of the pyramid varies from place to place.

The importing of foreign goods by U.S. firms is called foreign direct investment. Select one: a.True b.False

false

At the beginning of the 20th century, no country in the world had universal suffrage. Select one: a.True b.False

true

Although many firms conduct business across national boundaries, most global commerce is carried out by a small number of powerful firms. Select one: a.True b.False

a.True

Government has distinctive resources and competencies including: Select one: a.Knowledge of public policy. b.Ability to enforce the rules. c.Revenue from taxation. d.All of these answers are correct.

d.All of these answers are correct.

A society where economic power is concentrated in the hands of government officials and political authorities is called: Select one: a.A central state control system. b.A social democracy. c.A political control system. d.A military dictatorship. Feedback

a.A central state control system.

Under the World Trade Organization's most favored nation rule, member countries may not discriminate against foreign products for any reason. Select one: a.True b.False

a.True

the term "race to the bottom" refers to: Select one: a.Seeking to mine valuable minerals from the bottom of the ocean. b.Moving production jobs to the country with the lowest labor cost. c.Efforts to deconstruct the assembly process in manufacturing industries. d.An old concept of globalization that is no longer relevant.

b.Moving production jobs to the country with the lowest labor cost.

Representation on the World Bank's board of directors is based on: Select one: a.The size of the member nation's population. b.The size of the member nation's economy. c.The size of the member nation's land mass. d.Equal representation of all member nations.

b.The size of the member nation's economy.

A critic of globalization might argue that companies decide to manufacture in China mainly because of China's: Select one: a.Strict law enforcement. b.High environmental standards. c.Weak health and safety regulations. d.Strong worker unions.

c.Weak health and safety regulations.

An example of an international financial and trade institution is: Select one: a.World Bank. b.International Monetary Fund. c.World Trade Organization. d.All of these answers are correct.

d.All of these answers are correct.

According to the United Nations, a feature of democracy is: Select one: a.Fair elections. b.An independent media. c.A government with power balanced among executive, legislative, and judicial branches. d.All of these answers are correct.

d.All of these answers are correct.

A free enterprise system refers to: Select one: a.Economic assets that are privately owned and exchanged in an open market. b.Property ownership by a centralized government. c.A mix of privately owned and government-controlled economic assets. d.An index of economic freedom.

a.Economic assets that are privately owned and exchanged in an open market.

The primary purpose of the International Monetary Fund is to: Select one: a.Lend foreign currency to member countries. b.Exchange one currency for another. c.Consolidate the debt facing Third World nations. d.Collect the interest on loans made by the World Bank to Third World nations.

a.Lend foreign currency to member countries.

Which of the following statements accurately describe the practice of tax inversion: Select one: a.A company shifts their headquarters to a foreign country. b.A company decreases cash holdings in a foreign country. c.A company increases debt in their home country. d.Both of these answers are correct: A company shifts their headquarters to a foreign country; and a company increases debt in their home country.

d.Both of these answers are correct: A company shifts their headquarters to a foreign country; and a company increases debt in their home country.

Critics of globalization support the spread of American ideals and culture throughout the rest of the world. Select one: a.True b.False

false

Globalization directly and indirectly influences the politics, environment, geopolitics, and economics of virtually every country in the world. Select one: a.True b.False

a.True

The purpose of the World Trade Organization is to: Select one: a.Impose barriers to free trade among nations. b.Eliminate barriers to free trade among nations. c.Develop trading partnerships between rich and poor nations. d.Decrease globalization and free trade.

b.Eliminate barriers to free trade among nations.

Microfinance refers to banks: Select one: a.Lending money to a very small number of businesses. b.Lending money to low-income businesses. c.Lending very small amounts of money to wealthy businesses. d.Charging low fees for all business loans.

b.Lending money to low-income businesses.

How did Intel eliminate conflict minerals from their supply chain? Select one: a.Entirely through their own internal processes. b.The U.S. government stepped in to eliminate the conflict minerals. c.By collaborating with most suppliers in the chain including smelters, processors, and traders. d.Intel has not eliminated conflict minerals from their supply chain.

c.By collaborating with most suppliers in the chain including smelters, processors, and traders.

A firm that would like to develop a global supply chain would: Select one: a.Manufacture components or supplies in other countries. b.Sell raw materials, components, or supplies produced at home abroad. c.Purchase raw materials, components, or supplies from sellers in other countries. d.Check products that were manufactured abroad for defects in their home country.

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

An individual who is a supporter of globalization would argue that it helps the developing world by: Select one: a.Giving entrepreneurs access to foreign investment funds to support economic development. b.Allowing new ideas and technological innovations to spread quickly. c.Providing people in developing countries with more jobs. d.All of these answers are correct.

d.All of these answers are correct.