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Globalisation Increased interdependence between countries and the rapid rate of change it brings about Factors contributing to globalisation (5) Improvements in infrastructure (Quicker, more reliable and cheaper methods enabling production) Improvements in IT and communication (Allows global operations) Trade Liberalisation (Reduces protectionism and makes trade cheaper - specialisation) International financial markets (Raising money and transferring it globally) TNCs (Low p...

Social studies 10-1 final exam review with complete solutions and answers 100% pass Globalization The process by which different parts of the world interact economically, politically, and culturally. Social Globalization The sharing of ideas and information between and through different countries. Good examples: internationally popular films, books and TV series. The Harry Potter/ Twilight films and books have been successful all over the world, making the characters featured globa...

WGU Fundamentals for Success in Business D072 test exam (questions and answers) Ethics - CORRECT ANSWER-A system of moral principles. The principles of right and wrong that guide an individual in making decisions Legal - CORRECT ANSWER-Permitted by law. An act that is permissible or in conformity with the law of the land Legal and Ethical (legal-ethical) - CORRECT ANSWER-When the law and personal or organization are in concordance with each other Legal and Unethical (legal-unethica...

WGU D080 Managing in a Global Business Environment A company is considering establishing a subsidiary in a new host country and wishes to prepare its expatriates to adapt to the local environment. How should this company prepare its expatriates? Negotiation Operational training Repatriation Cultural Training Cultural training What happens to consumer surplus when tariffs and quotas are discontinued? They increase Which type of tariff is put in place to specifically ensure tha...

Test Bank For Global Business Today Global 12th Edition by Charles Hill, Chapter 1-17 | Complete Latest Guide. Answers are at the end of each chapter Chapter 01 Globalization True / False Questions 1. As a result of globalization, we have been moving toward a world in which national economies are relatively self-contained entities. True False 2. By offering the same basic product worldwide, firms help to create a global market. True False 3. A company has to be the size of a multination...

AGB 302 Final Questions with Correct Answers (2022/2023) Already Passed which of the following is a step in the shift towards a market based economic system? creation of a legal system to safeguard property rights design and names by which merchants or manufacturers designate and differentiate their products are known as __________ trademarks ________, a nobel prize-winning economist, has argued that development is not just an economic process, but it is a political one as well. amartya sen ...

Test Bank For Global Business Today Global 12th Edition by Charles Hill, Chapter 1-17 | Complete Latest Guide. Answers are at the end of each chapter Chapter 01 Globalization True / False Questions 1. As a result of globalization, we have been moving toward a world in which national economies are relatively self-contained entities. True False 2. By offering the same basic product worldwide, firms help to create a global market. True False 3. A company has to be the size of a multination...

Sure Start is starting a new division for rechargeable batteries in different parts of the world. What was the globalization driver of this decision? - Competition drivers are about entering new markets to beat competitors. Sure Start has identified a market that does not have a lot of competition since it is a fairly new market. Which type of globalization is represented by Sure Start expanding into South America, Europe, and Asia? - Economic globalization is the globalization of production...

WGU D080 Managing in a Global Business Environment 2023/2024 with complete solution Questions A company is considering establishing a subsidiary in a new host country and wishes to prepare its expatriates to adapt to the local environment. How should this company prepare its expatriates? Negotiation Operational training Repatriation Cultural Training Cultural training What happens to consumer surplus when tariffs and quotas are discontinued? They increase Which type of tarif...

Study Exam for WGU-072 Fundamentals for Success in Business Final test Ethics Principles that serve as a guide about how to act, i.e. right vs wrong, just vs unjust Legal An act that is allowed or is in conformity with the law of the land Legal- ethical When the law and personal and organizational ethics are in accordance with each other Legal- Unethical Dilemma in which established laws are not in accordance or do not uphold the ethical choice Illegal- Ethical Dilemma ...