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CMIS 526 Exam 1 Questions & Answers 2024/2025

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CMIS 526 Exam 1 Questions & Answers 2024/2025 globalization - ANSWERSthe integration of economies throughout the world enabled by innovation and technological progress globalization has allowed for 3 main things: - ANSWERSeconomic changes cultural changes technological changes economic changes brought on by globalization - ANSWERSincreased international trade development of global financial systems and currency the outsourcing of labor cultural changes brought on by globalization - ANSWERSincreased availability of multiculturalism via TV and movies increased international travel, tourism, and immigration more availability of ethnic food and restaurants increased prevalence of worldwide fads and phenomena such as Facebook, Groupon, and YouTube technological changes brought on by globalization - ANSWERSlow-cost computing platforms and communication technologies (email, Skype, instant messaging) enforcement of global patent and copyright laws to spur further innovation the ubiquitous nature of low cost global telecom infrastructure line the internet how globalization has impacted businesses - ANSWERSallows for outsourcing or moving of business processes (accounting, manufacturing, security, call centers) to another company either onshore or offshore

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