D270 Garcia Midterm Combo Exam
Questions and Answers (Most Recent
Version, Complete Study Material)
Globalization - Correct Answers ✅a process of broadening
of interdependent relationships among people who are
divided into national borders
International business - Correct Answers ✅Any commercial
transactions between 2 or more countries
Percent of global production sold outside country of origin -
Correct Answers ✅25% (7% in 1950)
Examples of "have-not" countries in international trade -
Correct Answers ✅North Korea, Iran, Cuba, Africa
Example of extremely dependent trade relationship - Correct
Answers ✅Mexico and Canada reliant on USA
Countries with many strong trade partners - Correct
Answers ✅USA, China, Japan
Countries with one or no major trade partners - Correct
Answers ✅North Korea, Iran, Cuba
The forces behind the current extent of globalization -
Correct Answers ✅-Technological advances
,D270 Garcia Midterm Combo Exam
Questions and Answers (Most Recent
Version, Complete Study Material)
-Liberalization of cross-border trade
-Development of services that support IB
-Growing consumer pressures
-Increased global competition
-Changing political situations
-Expanded cross-national cooperation
Positive side of globalization - Correct Answers ✅Poverty
reduction
-Globalization has lifted millions out of poverty into the
middle class
-Half the population expected to be middle class by 2020
Negative side of globalization - Correct Answers ✅-
Threatens national sovereignty
-Environmental stress
-Growing income inequality & personal stress
The stages of globalization - stage 1 - Correct Answers
✅The Silk Road (200 BC-1700s)
-Han dynasty
-Trade between East and West (spices, silk, gunpowder, etc.)
,D270 Garcia Midterm Combo Exam
Questions and Answers (Most Recent
Version, Complete Study Material)
The stages of globalization - stage 2 - Correct Answers
✅Rise of European colonial empires to the end of WWII
(1500-1945)
The stages of globalization - stage 3 - Correct Answers
✅World Wars recovery and modern MNE expansion (1950-
1990s)
The stages of globalization - stage 4 - Correct Answers
✅Anti-globalization movement (1999-Present)
Forces against globalization - Correct Answers ✅easy for
people to compare income/economic growth with other
countries and blame globalization for the discrepancy
Drivers of increased globalization - Correct Answers ✅-
Computerization
-Data flows
-Transportation services
-Music streaming
-Licensing
-Cross-border banking
-Franchising
-Tourism
, D270 Garcia Midterm Combo Exam
Questions and Answers (Most Recent
Version, Complete Study Material)
Why do domestic firms go international? - Correct Answers
✅-To expand sales
-To acquire resources
-Minimize risk
Physical/Societal factors of globalization - Correct Answers
✅-Geographic influences
-Political policies
-Legal policies
-Behavioral factors
-Economic forces
Difference between domestic and international business -
Correct Answers ✅Decision making in IB is much more
complex
-Level of internal control
-Level of involvement/mode
-Number of countries of expansion
-Differences among countries of expansion
Basic country analysis framework - Correct Answers ✅-
Socio/cultural
Questions and Answers (Most Recent
Version, Complete Study Material)
Globalization - Correct Answers ✅a process of broadening
of interdependent relationships among people who are
divided into national borders
International business - Correct Answers ✅Any commercial
transactions between 2 or more countries
Percent of global production sold outside country of origin -
Correct Answers ✅25% (7% in 1950)
Examples of "have-not" countries in international trade -
Correct Answers ✅North Korea, Iran, Cuba, Africa
Example of extremely dependent trade relationship - Correct
Answers ✅Mexico and Canada reliant on USA
Countries with many strong trade partners - Correct
Answers ✅USA, China, Japan
Countries with one or no major trade partners - Correct
Answers ✅North Korea, Iran, Cuba
The forces behind the current extent of globalization -
Correct Answers ✅-Technological advances
,D270 Garcia Midterm Combo Exam
Questions and Answers (Most Recent
Version, Complete Study Material)
-Liberalization of cross-border trade
-Development of services that support IB
-Growing consumer pressures
-Increased global competition
-Changing political situations
-Expanded cross-national cooperation
Positive side of globalization - Correct Answers ✅Poverty
reduction
-Globalization has lifted millions out of poverty into the
middle class
-Half the population expected to be middle class by 2020
Negative side of globalization - Correct Answers ✅-
Threatens national sovereignty
-Environmental stress
-Growing income inequality & personal stress
The stages of globalization - stage 1 - Correct Answers
✅The Silk Road (200 BC-1700s)
-Han dynasty
-Trade between East and West (spices, silk, gunpowder, etc.)
,D270 Garcia Midterm Combo Exam
Questions and Answers (Most Recent
Version, Complete Study Material)
The stages of globalization - stage 2 - Correct Answers
✅Rise of European colonial empires to the end of WWII
(1500-1945)
The stages of globalization - stage 3 - Correct Answers
✅World Wars recovery and modern MNE expansion (1950-
1990s)
The stages of globalization - stage 4 - Correct Answers
✅Anti-globalization movement (1999-Present)
Forces against globalization - Correct Answers ✅easy for
people to compare income/economic growth with other
countries and blame globalization for the discrepancy
Drivers of increased globalization - Correct Answers ✅-
Computerization
-Data flows
-Transportation services
-Music streaming
-Licensing
-Cross-border banking
-Franchising
-Tourism
, D270 Garcia Midterm Combo Exam
Questions and Answers (Most Recent
Version, Complete Study Material)
Why do domestic firms go international? - Correct Answers
✅-To expand sales
-To acquire resources
-Minimize risk
Physical/Societal factors of globalization - Correct Answers
✅-Geographic influences
-Political policies
-Legal policies
-Behavioral factors
-Economic forces
Difference between domestic and international business -
Correct Answers ✅Decision making in IB is much more
complex
-Level of internal control
-Level of involvement/mode
-Number of countries of expansion
-Differences among countries of expansion
Basic country analysis framework - Correct Answers ✅-
Socio/cultural
