D080 Pre-Assessment Questions &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.