Global Business FVC1

What are the characteristics of globalization? correct answer: 1. improve productivity 2. improve quality of work life 3. ensure legal compliance 4. ensure ethical behavior How do major international institutions facilitate globalization? correct answer: (1) improve productivity - organization and design (2) Work-Life - more autonomy and a chance to make a greater contribution to the organization (3) Legal - By ensuring the company is compliant with the law (4) Ethical Behavior - often the ...

What is globalization? correct answer: i international integration arises from the interchange of world views, products, ideas, and other aspects of culture. What are the economic effects of globalization correct answer: Trade Investment Information Technology What are the political effects of globalization correct answer: Recue the importance of nation-states NGOs What are the cultural effects of globalization correct answer: Transmission of ideas, meanings, and values around t...

What effect does a command economy have on the process of globalization? correct answer: The government is less flexible, so the globalization process is stopped. Which core principle of the World Trade Organization supports equality among member nations and helps fight discrimination among them? correct answer: Most-favored-nation (MFN) status Countries A and B participate in trade agreements that allow free trade among participant countries. However, Country A imposed quotas on several...

Which negative outcome on political systems comes from globalization? correct answer: Creation of isolationist policies Which factor results in a higher rate of globalization? correct answer: Reduced trade barriers What are the four factors in Ghemawat's CAGE analysis? correct answer: Culture, administration, geography, economy What is a major drawback to the home country when companies outsource manufacturing jobs to countries with lower worker wages? correct answer: Loss of manuf...

What are the characteristics of globalization? correct answer: Removal of trade barriers, Promote free trade, Removal of cultural barriers, Interdependence, Technological innovation How do major international institutions facilitate globalization? correct answer: International Monetary Fund system (IMF) - to Promote global financial stability; World Bank - to help reconstruct developing nation economies and end extreme poverty; World Trade Organization (WTO) - to promote trade in agricultur...

Which negative outcome on political systems comes from globalization? correct answer: Creation of isolationist policies Which factor results in a higher rate of globalization? correct answer: Reduced trade barriers What is a major drawback to the home country when companies outsource manufacturing jobs to countries with lower worker wages? correct answer: Loss of manufacturing jobs In which political system do individuals control all political activity, which eliminates the governmen...

What do countries with politicians that sustain transparency in global competition tend to have? correct answer: A competitive market structure What helps make globalization sustainable? correct answer: Transparency in government policy What do property rights enable buyers and sellers to do? correct answer: Conduct transactions with a high degree of trust How has technology bridged the global digital divide? correct answer: By decreasing communication costs What is one argument ...

Ch 1: What are the characteristics of globalization correct answer: Communication, transportation, transnational businesses, free trade agreements, consumer culture, labor force. *People are interacting across borders. *Lower barriers to trade, expansion of technology, decoupling - trade is happening among lesser developed countries. Emerging markets trading with each other. INTERDEPENDENCE (financial) Ch 1: How do major international institutions facilitate globalization? correct answer:...

The World Bank's Purpose correct answer: Long term goals for poverty reduction and for a better quality of life. What does The World Bank do? correct answer: Encourages developing countries to borrow for development projects, provides loans & grants International Monetary Fund correct answer: Oversees the international monetary system (financial), works to provide short-term loans and stabilize exchange rates, & correct balance of pymt issues. Globalization correct answer: Global i...

Which of the following is a characteristic of globalization? correct answer: Culture How do major international institutions facilitate globalization? correct answer: By creating an international monetary system What do countries with politicians that sustain transparency in global competition tend to have? correct answer: A competitive market structures. What helps make globalization sustainable? correct answer: Transparency in government policy What do property rights enable bu...