D080 Pre-Assessment Questions and Answers 100% Correct

Which negative outcome on political systems comes from globalization? - ANSWERCreation of isolationist policies Which factor results in a higher rate of globalization? - ANSWERReduced trade barriers What are the four factors in Ghemawat's CAGE analysis? - ANSWERCulture, administration, geography, economy What is a major drawback to the home country when companies outsource manufacturing jobs to countries with lower worker wages? - ANSWERLoss of manufacturing jobs A country has a characteristic traditional economic system with poor infrastructure and limited economic opportunity. What is the impact of this system on the process of globalization? - ANSWERThe globalization process is at a disadvantage as the country has a lower standard of living. What is a characteristic of a market economy? - ANSWERFirms seek to maximize profi ts. Which impact does Islamic law directly have on businesses? - ANSWERIt forbids charging interest. Which institution helps to maintain availability of global financing to solve trade deficit issues? - ANSWERInternational Monetary Fund What is the current focus of the World Bank? - ANSWERImproving quality of life For which concern has the World Trade Organization been criticized? - ANSWERAdoption of labor standards protecting labor rights How is the Special Drawing Right of the International Monetary Fund (IMF) valued? - ANSWERIt is based on the value of the five most significant members' currencies. Two countries agree to open their borders to international business transactions with one another without tariffs. How does this affect global business? - ANSWERIt leads to developing free trade policies with strategic partners.