BADM 380 Exam Questions With
Complete Solutions A+ Pass
The IMF and World Bank were created in 1944 by 44 nations that met to maintain
order in the international monetary system and promote economic growth. (name
organization) - CORRECT ANSWER-Bretton Woods institutions: IMF and the
World Bank
As much as 70% of its work is devoted to establishing higher standards of living,
full employment, and conditions of economic and social progress and
development. (name organization) - CORRECT ANSWER-UN: United Nations
A series of treaties that reduced barriers to trade. (name organization) -
CORRECT ANSWER-GATT: General Agreements on Tariffs and Trade
Primarily responsible for policing world trading system. (name organization) -
CORRECT ANSWER-WTO: World Trade Organization
Finance ministers and central bank governors of major economies coordinate
policy on global financial crises. (name organization) - CORRECT ANSWER-
GTO: Global Transport Organization
,the driving force of declining trade barriers impacts a business by - CORRECT
ANSWER-better ability to export goods
the driving force of declining investment barriers impacts business by -
CORRECT ANSWER-better ability to optimize location economies
the driving force of enhanced communication technologies impacts a business by -
CORRECT ANSWER-growth in e-commerce
the driving force of enhanced transportation technologies impacts a business by -
CORRECT ANSWER-lowered distance between countries
Producers: argument for/against globalization - CORRECT ANSWER-for: more
markets to sell in
against: can go bankrupt due to competition
The Environment: argument for/against globalization - CORRECT ANSWER-
for: tougher laws lead to lower pollution rates
against: lack of adequate regulations causes abuse
Consumers: argument for/against globalization - CORRECT ANSWER-for: more
products to choose from
against: don't know how products are made
Workers: argument for/against globalization - CORRECT ANSWER-for:
development of better skills
© 2026 Copyright. All Rights Reserved. This document is
protected by copyright law
,against: loss of jobs due to competition
Element changed because of The Changing World Output and World Trade
Picture - CORRECT ANSWER-Developing Nations
Element changed because of The Changing FDI Picture - CORRECT ANSWER-
FDI
Element changed because of The Changing Nature of Multinational Enterprise -
CORRECT ANSWER-Hisense
Element changed because of The Changing World Order - CORRECT ANSWER-
China
Opponents of globalization argue that falling trade barriers - CORRECT
ANSWER-allow firms to move manufacturing activities to countries with lower
wage rates.
Globalization has enabled organizations to reduce their costs of production by -
CORRECT ANSWER-creating manufacturing units in developing countries.
The _____ is often seen as the lender of last resort. - CORRECT ANSWER-
International Monetary Fund
The _____ was created in 1944 by 44 nations that met in Breton Woods, New
Hampshire to promote economic development. - CORRECT ANSWER-World
Bank
, What country has a Theocratic Totalitarianism system - CORRECT ANSWER-
Saudi Arabia
What country has a Tribal Totalitarianism system - CORRECT ANSWER-
Zimbabwe
What country has a Representative Democracy system - CORRECT ANSWER-
United States
What country has a Communist Totalitarianism system - CORRECT ANSWER-
China
What country has a Right-Wing Totalitarianism system - CORRECT ANSWER-
Italy in the 1930s
What country has a Social Democracy system - CORRECT ANSWER-France
Intellectual property rights are intended to _____. - CORRECT ANSWER-protect
original ideas/works
The philosophy behind intellectual property rights is to _____. - CORRECT
ANSWER-reward the creator of an idea
The organization of 183 countries all of which have signed treaties to protect
intellectual property rights is known as the _____. - CORRECT ANSWER-World
Intellectual Property Organization
© 2026 Copyright. All Rights Reserved. This document is
protected by copyright law
Complete Solutions A+ Pass
The IMF and World Bank were created in 1944 by 44 nations that met to maintain
order in the international monetary system and promote economic growth. (name
organization) - CORRECT ANSWER-Bretton Woods institutions: IMF and the
World Bank
As much as 70% of its work is devoted to establishing higher standards of living,
full employment, and conditions of economic and social progress and
development. (name organization) - CORRECT ANSWER-UN: United Nations
A series of treaties that reduced barriers to trade. (name organization) -
CORRECT ANSWER-GATT: General Agreements on Tariffs and Trade
Primarily responsible for policing world trading system. (name organization) -
CORRECT ANSWER-WTO: World Trade Organization
Finance ministers and central bank governors of major economies coordinate
policy on global financial crises. (name organization) - CORRECT ANSWER-
GTO: Global Transport Organization
,the driving force of declining trade barriers impacts a business by - CORRECT
ANSWER-better ability to export goods
the driving force of declining investment barriers impacts business by -
CORRECT ANSWER-better ability to optimize location economies
the driving force of enhanced communication technologies impacts a business by -
CORRECT ANSWER-growth in e-commerce
the driving force of enhanced transportation technologies impacts a business by -
CORRECT ANSWER-lowered distance between countries
Producers: argument for/against globalization - CORRECT ANSWER-for: more
markets to sell in
against: can go bankrupt due to competition
The Environment: argument for/against globalization - CORRECT ANSWER-
for: tougher laws lead to lower pollution rates
against: lack of adequate regulations causes abuse
Consumers: argument for/against globalization - CORRECT ANSWER-for: more
products to choose from
against: don't know how products are made
Workers: argument for/against globalization - CORRECT ANSWER-for:
development of better skills
© 2026 Copyright. All Rights Reserved. This document is
protected by copyright law
,against: loss of jobs due to competition
Element changed because of The Changing World Output and World Trade
Picture - CORRECT ANSWER-Developing Nations
Element changed because of The Changing FDI Picture - CORRECT ANSWER-
FDI
Element changed because of The Changing Nature of Multinational Enterprise -
CORRECT ANSWER-Hisense
Element changed because of The Changing World Order - CORRECT ANSWER-
China
Opponents of globalization argue that falling trade barriers - CORRECT
ANSWER-allow firms to move manufacturing activities to countries with lower
wage rates.
Globalization has enabled organizations to reduce their costs of production by -
CORRECT ANSWER-creating manufacturing units in developing countries.
The _____ is often seen as the lender of last resort. - CORRECT ANSWER-
International Monetary Fund
The _____ was created in 1944 by 44 nations that met in Breton Woods, New
Hampshire to promote economic development. - CORRECT ANSWER-World
Bank
, What country has a Theocratic Totalitarianism system - CORRECT ANSWER-
Saudi Arabia
What country has a Tribal Totalitarianism system - CORRECT ANSWER-
Zimbabwe
What country has a Representative Democracy system - CORRECT ANSWER-
United States
What country has a Communist Totalitarianism system - CORRECT ANSWER-
China
What country has a Right-Wing Totalitarianism system - CORRECT ANSWER-
Italy in the 1930s
What country has a Social Democracy system - CORRECT ANSWER-France
Intellectual property rights are intended to _____. - CORRECT ANSWER-protect
original ideas/works
The philosophy behind intellectual property rights is to _____. - CORRECT
ANSWER-reward the creator of an idea
The organization of 183 countries all of which have signed treaties to protect
intellectual property rights is known as the _____. - CORRECT ANSWER-World
Intellectual Property Organization
© 2026 Copyright. All Rights Reserved. This document is
protected by copyright law
