D080 MODULE 1 EXAM QUESTIONS &
VERIFIED CORRECT ANSWERS
globalization CORRECT ANSWER - process by which people and goods (products,
technology, information, ideas, job opportunities) move across boarders
regulate global economic environment CORRECT ANSWER - International Monetary
Fund, World Bank, World Trade Organization
globalization drivers CORRECT ANSWER - economics, transportation, international
cooperation
fundamental aspects of globalization CORRECT ANSWER - trade and transactions,
capital and investment movements, migration and movement of people, the
dissemination of knowledge
areas of globalization CORRECT ANSWER - economy, politics, culture
cultural globalization CORRECT ANSWER - transmission of ideas, meanings, values
around the world - extends and intensifies social relations (formation of shared norms
and knowledge with which people associate their individual and collective cultural
identity)
World Trade organization CORRECT ANSWER - provide framework for negotiation
and formalizing trade agreements and a spite resolution process
International Bank for Reconstruction and Development (The World Bank) CORRECT
ANSWER - aid in economics development and cooperation
financial instrument CORRECT ANSWER - a monetary contract between parties
stages of going global CORRECT ANSWER - market entry, product specialization,
value chain disaggregation, value chain reengineering, creation of new markets
market entry CORRECT ANSWER - enter new countries using models similar to ones
deployed in home markets
product specialization CORRECT ANSWER - companies transfer production process
of a particular product to a single low cost location and export the goods to different
markets
VERIFIED CORRECT ANSWERS
globalization CORRECT ANSWER - process by which people and goods (products,
technology, information, ideas, job opportunities) move across boarders
regulate global economic environment CORRECT ANSWER - International Monetary
Fund, World Bank, World Trade Organization
globalization drivers CORRECT ANSWER - economics, transportation, international
cooperation
fundamental aspects of globalization CORRECT ANSWER - trade and transactions,
capital and investment movements, migration and movement of people, the
dissemination of knowledge
areas of globalization CORRECT ANSWER - economy, politics, culture
cultural globalization CORRECT ANSWER - transmission of ideas, meanings, values
around the world - extends and intensifies social relations (formation of shared norms
and knowledge with which people associate their individual and collective cultural
identity)
World Trade organization CORRECT ANSWER - provide framework for negotiation
and formalizing trade agreements and a spite resolution process
International Bank for Reconstruction and Development (The World Bank) CORRECT
ANSWER - aid in economics development and cooperation
financial instrument CORRECT ANSWER - a monetary contract between parties
stages of going global CORRECT ANSWER - market entry, product specialization,
value chain disaggregation, value chain reengineering, creation of new markets
market entry CORRECT ANSWER - enter new countries using models similar to ones
deployed in home markets
product specialization CORRECT ANSWER - companies transfer production process
of a particular product to a single low cost location and export the goods to different
markets
