Question Question 1 The term “race to the bottom” refers to: Answer

Question 1

The term “race to the bottom” refers to:

Answer

		Seeking to mine rich minerals from the bottom of the ocean.
		Moving production jobs to the country with the lowest labor cost.
		Efforts to deconstruct the assembly process in manufacturing industries.
		An old concept of globalization ta is no longer relevant.

Question 2

Single-party rule by communist parties still remains in:

Answer

		Lithuania.
		Vietnam.
		Thailand.
		Russia.

Question 3

A society where economic power is concentrated in the hands of government officials and political authorities is called:

Answer

		A central state control system.
		A social democracy.
		A political control system.
		A military dictatorship.

Question 4

Technological innovation has aided the spread of globalization by:

Answer

		Building advanced technologies that can be sold in the global marketplace.
		Building advanced technologies that can be bought in the global marketplace.
		Leveling the playing field and allowing all to participate on an equal footing in global commerce.
		Building advanced technologies that can be sold in the domestic marketplace.

Question 5

A critic of globalization might argue that companies decide to manufacture in China mainly because of China’s:

Answer

		Strict law enforcement.
		High environmental standards.
		Weak health and safety regulations.
		Strong worker unions.

 

Question 6

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

Answer

		Manufacture components or supplies in other countries.
		Sell raw materials, components or supplies produced at home abroad.
		Purchase raw materials, components, or supplies from sellers in other countries.
		Check products that were manufactured abroad for defects in their home country.

 

Question 7

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

Answer

		Channels, operations, and chains.
		Export, locate, and purchase.
		Sell, make, and buy.
		Ethics, import, and sell.

Question 8

A firm that has global operations has:

Answer

		All of their manufacturing and service operations abroad.
		Some or all of their manufacturing or service operations abroad.
		Manufacturing but not service operations abroad.
		Service but not manufacturing operations abroad.

Question 9

The loan policies of the World Bank:

Answer

		Are generous to developing countries seeking to expand their educational systems.
		Impose strict restrictions on debtor countries which can sometimes lead to hardship.
		Are generally only available to rich nations.
		Are open to any company conducting business abroad.

Question 10

The richest 1 percent of the people in the world receives as much income annually as:

Answer

		The wealthiest 5 percent.
		100 percent of the middle class.
		The poorest 99 percent.
		The poorest 57 percent.

Question 11

An example of a Global Action Network, or GAN, is:

Answer

		The World Trade Organization.
		Nongovernmental organizations.
		The Kimberley Process.
		The Heritage Foundation.

Question 12

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

Answer

		The size of the member nation’s population.
		The size of the member nation’s economy.
		The size of the member nation’s land mass.
		Equal representation of all member nations.

Question 13

What U.S. company is the best example of using globalization to reduce the price of its products?

Answer

		K-Mart.
		Toys R Us.
		Walmart.
		Macy’s.

Question 14

The purpose of the World Trade Organization is to:

Answer

		Impose barriers to free trade among nations.
		Eliminate barriers to free trade among nations.
		Develop trading partnerships between rich and poor nations.
		Decrease globalization and free trade.

Question 15

Global market channels involve a firm producing goods in:

Answer

		Their home country and exporting them to other countries.
		Their home country to sell at home.
		A foreign country to sell at home.
		A foreign country to sell abroad.

 

5 points

Question 16

BSR (formerly Business for Social Responsibility) helps its 300 member companies:

Answer

		Lobby Congress for socially responsible legislation.
		Discover tax shelters for social program expenditures.
		Conduct social audits.
		Develop sustainable business strategies.

Question 18

The Universal Declaration of Human Rights states that each person:

Answer

		Has a right to life, liberty and the pursuit of happiness.
		Is created equal in the eyes of the government.
		Has the right to a standard of living adequate for the health and well-being of himself and of his family.
		Has the right to a standard of living that meets each countries’ minimum wage law.

Question 19

Which of the following organizations have developed standards to judge corporate performance?

Answer

		International Organisation for Standards.
		Global Development Initiative.
		Institute of Accountability.
		Heritage Foundation.

Question 20According to the scholar Simon Zadek six benefits of social audits include all of the following except.

Answer

		Helping businesses know what is happening within their firm.
		Understanding what stakeholders think about and want from the business.
		Strengthen the loyalty and commitment of stakeholders.
		Outperforming competitors financially in a businesses’ industry.

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