2
D080 Pre-Assessment Questions and accurate detailed
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Answers
Which negative outcome on political systems comes from globalization? - ✔✔Creation of
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isolationist policies ||
Which factor results in a higher rate of globalization? - ✔✔Reduced trade barriers
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What are the four factors in Ghemawat's CAGE analysis? - ✔✔Culture, administration,
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geography, economy ||
What is a major drawback to the home country when companies outsource manufacturing
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jobs to countries with lower worker wages? - ✔✔Loss of manufacturing jobs
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A country has a characteristic traditional economic system with poor infrastructure and
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limited economic opportunity.
|| ||
What is the impact of this system on the process of globalization? - ✔✔The globalization
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process is at a disadvantage as the country has a lower standard of living.
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What is a characteristic of a market economy? - ✔✔Firms seek to maximize profi ts.
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Which impact does Islamic law directly have on businesses? - ✔✔It forbids charging
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interest.
Which institution helps to maintain availability of global financing to solve trade deficit
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issues? - ✔✔International Monetary Fund
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, 2
What is the current focus of the World Bank? - ✔✔Improving quality of life
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For which concern has the World Trade Organization been criticized? - ✔✔Adoption of
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labor standards protecting labor rights
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How is the Special Drawing Right of the International Monetary Fund (IMF) valued? -
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✔✔It is based on the value of the five most significant members' currencies.
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Two countries agree to open their borders to international business transactions with one
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another without tariffs. || ||
How does this affect global business? - ✔✔It leads to developing free trade policies with
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strategic partners. ||
A country uses its established technology infrastructure to produce a good.
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What is the impact of this infrastructure on trade? - ✔✔It will create barriers to entry for
|| || || || || || || || || || || || || || || || ||
other nations. ||
What was the economic impact of the North American Free Trade Agreement (NAFTA)? -
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✔✔The shift of jobs away from low comparative advantage industries
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A company that is located in Country A would like to sell products in Country B. The
|| || || || || || || || || || || || || || || || ||
government of Country B is pushing for a tariff-based international trade agreement on the
|| || || || || || || || || || || || || ||
product.
D080 Pre-Assessment Questions and accurate detailed
|| || || || || ||
Answers
Which negative outcome on political systems comes from globalization? - ✔✔Creation of
|| || || || || || || || || || || ||
isolationist policies ||
Which factor results in a higher rate of globalization? - ✔✔Reduced trade barriers
|| || || || || || || || || || || ||
What are the four factors in Ghemawat's CAGE analysis? - ✔✔Culture, administration,
|| || || || || || || || || || || ||
geography, economy ||
What is a major drawback to the home country when companies outsource manufacturing
|| || || || || || || || || || || || ||
jobs to countries with lower worker wages? - ✔✔Loss of manufacturing jobs
|| || || || || || || || || || ||
A country has a characteristic traditional economic system with poor infrastructure and
|| || || || || || || || || || || ||
limited economic opportunity.
|| ||
What is the impact of this system on the process of globalization? - ✔✔The globalization
|| || || || || || || || || || || || || || ||
process is at a disadvantage as the country has a lower standard of living.
|| || || || || || || || || || || || ||
What is a characteristic of a market economy? - ✔✔Firms seek to maximize profi ts.
|| || || || || || || || || || || || || ||
Which impact does Islamic law directly have on businesses? - ✔✔It forbids charging
|| || || || || || || || || || || || ||
interest.
Which institution helps to maintain availability of global financing to solve trade deficit
|| || || || || || || || || || || || ||
issues? - ✔✔International Monetary Fund
|| || || ||
, 2
What is the current focus of the World Bank? - ✔✔Improving quality of life
|| || || || || || || || || || || || ||
For which concern has the World Trade Organization been criticized? - ✔✔Adoption of
|| || || || || || || || || || || || ||
labor standards protecting labor rights
|| || || ||
How is the Special Drawing Right of the International Monetary Fund (IMF) valued? -
|| || || || || || || || || || || || || ||
✔✔It is based on the value of the five most significant members' currencies.
|| || || || || || || || || || || ||
Two countries agree to open their borders to international business transactions with one
|| || || || || || || || || || || || ||
another without tariffs. || ||
How does this affect global business? - ✔✔It leads to developing free trade policies with
|| || || || || || || || || || || || || || ||
strategic partners. ||
A country uses its established technology infrastructure to produce a good.
|| || || || || || || || || ||
What is the impact of this infrastructure on trade? - ✔✔It will create barriers to entry for
|| || || || || || || || || || || || || || || || ||
other nations. ||
What was the economic impact of the North American Free Trade Agreement (NAFTA)? -
|| || || || || || || || || || || || || ||
✔✔The shift of jobs away from low comparative advantage industries
|| || || || || || || || ||
A company that is located in Country A would like to sell products in Country B. The
|| || || || || || || || || || || || || || || || ||
government of Country B is pushing for a tariff-based international trade agreement on the
|| || || || || || || || || || || || || ||
product.
