IBA FINAL
Advances in________ have resulted in an expansion of the global marketplace forsmall- and
medium-sized enterprises(SMEs).
A. manufacturing
B. distribution
C. transportation
D. communication technologies
E. banking - ANS-D. communication technologies
Which of the following is NOT an economic integrationbloc?
A. North American Free Trade Agreement(NAFTA)
B. European Union(EU)
C. Mercosur
D. Asia Pacific Economic Cooperation zone(APEC)
E. World Trade Organization(WTO) - ANS-E. World Trade Organization (WTO)
Globalization has created rivalry between U.S. firms and foreigncompetitors, which has resulted
in________.
A. the quality of goods declining in the United States
B. more money in circulation in the United States
C. foreign cars outselling domestic cars in the United States
D. increased unemployment in the United States
E. price increases in the United State - ANS-C. foreign cars outselling domestic cars in the
United States
Which of the following is NOT afirm-level consequence of marketglobalization?
A. Greater emphasis on proactive internationalization
B. Countless new opportunities for business
C. New risks from foreign competition
D. Internationalization of the value chain
E. Offshoring and the loss of jobs - ANS-E. Offshoring and the loss of jobs
Contagion is________.
A. often criticized for generating low wages and exploiting workers
B. the tendency of a financial crisis in one country to spread quickly to other countries
C. a major cause ofpollution, habitatdestruction, and deterioration of the ozone layer
D. the ability of a nation to govern its own affairs in global relation
E. creating countless new jobs and opportunities around the world - ANS-B. the tendency of a
financial crisis in one country to spread quickly to other countries
, _______ is the sequence ofvalue-adding activities performed todevelop, produce,market,
_
and service a product.
A. Globalization of services
B. A value chain
C. Cross-border trade
D. Market reform
E. A production line - ANS-B. A value chain
One of the tasks of the World Trade Organization(WTO) is to________.
A. integrate world financial markets
B. liberalize markets
C. raise capital
D. facilitate a reduction in trade barriers
E. advocate for advances in technology - ANS-D. facilitate a reduction in trade barriers
What is one reason companies use social media such as Snapchat andTwitter?
A. To develop infrastructure
B. To accelerate social movements like the Arab Spring
C. To restrict access to information
D. To communicate with connected individuals in new markets
E. To lessen the impact of globalization - ANS-D. To communicate with connected individuals in
new markets
InAfrica, the majority of people live on less than$5 a day. According to the author of thetext,
what is one of the most effective ways to reduce Africanpoverty?
A. Reduce the level of illiteracy
B. Develop commercial infrastructure
C. Gain access to foreign capital
D. Develop morebusiness-based models of development
E. Fight government corruption - ANS-D. Develop morebusiness-based models of development
There have been five phases of globalization since the 1800s. The most current phase was
triggered by________.
A. an increase in multinational enterprises
B. a focus on industrializing
C. the growth of emerging markets
D. the rise of digital technologies
E. increased steel production - ANS-D. the rise of digital technologies
Why can many global products and services bestandardized?
A. There is a convergence of consumer lifestyles and preferences worldwide.
B. Consumers want goods tailored to their local needs.
C. Global consumers can communicate about products using social media.
D. Consumers want products and services that fit their values.
Advances in________ have resulted in an expansion of the global marketplace forsmall- and
medium-sized enterprises(SMEs).
A. manufacturing
B. distribution
C. transportation
D. communication technologies
E. banking - ANS-D. communication technologies
Which of the following is NOT an economic integrationbloc?
A. North American Free Trade Agreement(NAFTA)
B. European Union(EU)
C. Mercosur
D. Asia Pacific Economic Cooperation zone(APEC)
E. World Trade Organization(WTO) - ANS-E. World Trade Organization (WTO)
Globalization has created rivalry between U.S. firms and foreigncompetitors, which has resulted
in________.
A. the quality of goods declining in the United States
B. more money in circulation in the United States
C. foreign cars outselling domestic cars in the United States
D. increased unemployment in the United States
E. price increases in the United State - ANS-C. foreign cars outselling domestic cars in the
United States
Which of the following is NOT afirm-level consequence of marketglobalization?
A. Greater emphasis on proactive internationalization
B. Countless new opportunities for business
C. New risks from foreign competition
D. Internationalization of the value chain
E. Offshoring and the loss of jobs - ANS-E. Offshoring and the loss of jobs
Contagion is________.
A. often criticized for generating low wages and exploiting workers
B. the tendency of a financial crisis in one country to spread quickly to other countries
C. a major cause ofpollution, habitatdestruction, and deterioration of the ozone layer
D. the ability of a nation to govern its own affairs in global relation
E. creating countless new jobs and opportunities around the world - ANS-B. the tendency of a
financial crisis in one country to spread quickly to other countries
, _______ is the sequence ofvalue-adding activities performed todevelop, produce,market,
_
and service a product.
A. Globalization of services
B. A value chain
C. Cross-border trade
D. Market reform
E. A production line - ANS-B. A value chain
One of the tasks of the World Trade Organization(WTO) is to________.
A. integrate world financial markets
B. liberalize markets
C. raise capital
D. facilitate a reduction in trade barriers
E. advocate for advances in technology - ANS-D. facilitate a reduction in trade barriers
What is one reason companies use social media such as Snapchat andTwitter?
A. To develop infrastructure
B. To accelerate social movements like the Arab Spring
C. To restrict access to information
D. To communicate with connected individuals in new markets
E. To lessen the impact of globalization - ANS-D. To communicate with connected individuals in
new markets
InAfrica, the majority of people live on less than$5 a day. According to the author of thetext,
what is one of the most effective ways to reduce Africanpoverty?
A. Reduce the level of illiteracy
B. Develop commercial infrastructure
C. Gain access to foreign capital
D. Develop morebusiness-based models of development
E. Fight government corruption - ANS-D. Develop morebusiness-based models of development
There have been five phases of globalization since the 1800s. The most current phase was
triggered by________.
A. an increase in multinational enterprises
B. a focus on industrializing
C. the growth of emerging markets
D. the rise of digital technologies
E. increased steel production - ANS-D. the rise of digital technologies
Why can many global products and services bestandardized?
A. There is a convergence of consumer lifestyles and preferences worldwide.
B. Consumers want goods tailored to their local needs.
C. Global consumers can communicate about products using social media.
D. Consumers want products and services that fit their values.
