BUSM 380 EXAM Verified Exam Questions and Answers Latest update
2026/2027
Question:
1. False
Answer:
Since Mercury machine is a medium sized business it would not benefit from globalization
True or false
Question:
2. False
Answer:
The world bank has focused on policy in the world trading system and making sure nation states
adhere to the rules laid down in trade treaties
True or false
Question:
3. True
Answer:
"beggar thy neighbor" retaliatory trade policies involved countries progressively increasing trade
barriers against each other which contributed to the great depression of the 1930s
True or false
Question:
4. Globalization
Answer:
Refers to the shift toward a more integrated and inter-dependent world economy
Question:
5. Group of Twenty (G20)
Answer:
In 2008 in 2009 the became the forum through which major nations attempted to launch a coordinated
policy response to the global financial crisis which started in America
, Question:
6. B. Global convergence of consumer tastes and
preferences
Answer:
Which factor has contributed to the globalization of markets?
A. A decrease in foreign direct investment
B. Global convergence of consumer tastes and preferences
C. Increase and cross border barriers to trade
D. The trend to separate a homogeneous market in two separate national market
Question:
7. An increase in the Globalization has resulted in use of outsourcing
Answer:
Question:
8. National and cultural differences
in taste in preferences Less diverse
Answer:
Which factor hinders globalization of consumer goods market?
Question:
9. Less diverse
Answer:
Globalization of markets result in markets becoming
Question:
10. Outsourcing A US investment firm set up a customer service call center in India to take advantage
Answer:
of lower labor costs. This is called
Question:
11. True
Answer:
According to supporters of free trade as countries become more integrated into global economy and
trade, they are more likely to enforce stricter environmental and labor regulations
True or false
2026/2027
Question:
1. False
Answer:
Since Mercury machine is a medium sized business it would not benefit from globalization
True or false
Question:
2. False
Answer:
The world bank has focused on policy in the world trading system and making sure nation states
adhere to the rules laid down in trade treaties
True or false
Question:
3. True
Answer:
"beggar thy neighbor" retaliatory trade policies involved countries progressively increasing trade
barriers against each other which contributed to the great depression of the 1930s
True or false
Question:
4. Globalization
Answer:
Refers to the shift toward a more integrated and inter-dependent world economy
Question:
5. Group of Twenty (G20)
Answer:
In 2008 in 2009 the became the forum through which major nations attempted to launch a coordinated
policy response to the global financial crisis which started in America
, Question:
6. B. Global convergence of consumer tastes and
preferences
Answer:
Which factor has contributed to the globalization of markets?
A. A decrease in foreign direct investment
B. Global convergence of consumer tastes and preferences
C. Increase and cross border barriers to trade
D. The trend to separate a homogeneous market in two separate national market
Question:
7. An increase in the Globalization has resulted in use of outsourcing
Answer:
Question:
8. National and cultural differences
in taste in preferences Less diverse
Answer:
Which factor hinders globalization of consumer goods market?
Question:
9. Less diverse
Answer:
Globalization of markets result in markets becoming
Question:
10. Outsourcing A US investment firm set up a customer service call center in India to take advantage
Answer:
of lower labor costs. This is called
Question:
11. True
Answer:
According to supporters of free trade as countries become more integrated into global economy and
trade, they are more likely to enforce stricter environmental and labor regulations
True or false
