International Business - IB Chapter 1: Globalization Quiz

This homework assignment is a quiz based on the concepts presented in Chapter 1 of an International Business (IB) course, focusing on the topic of globalization. The quiz assesses understanding through a combination of true/false and multiple-choice questions. Key topics covered include the benefits of globalization for businesses, the impact of outsourcing, the role of international organizations like the World Bank and WTO, and the factors that influence globalization of markets. Questions address foreign direct investment (FDI), factors of production, and the characteristics of multinational enterprises (MNEs), as well as the risks and consequences associated with globalization, such as financial contagion and the impact on wage rates. The quiz aims to evaluate the student's comprehension of the core principles and terminology associated with globalization in an international business context.

10:56, 20/09/2022 IB - Chapter 1: Globalization
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INFORMATION 0 of 0 points
MAY I HAVE YOUR NAME?
Nguyễn Thụy Ngọc Hân
TRUE / FALSE 10 of 10 points
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IB - Chapter 1: GlobalizationTotal points 20/20
MY NAME IS *
Since Wally's Whistles is a medium-size business, it wouldn't benefit from globalizatio
Globalization of production can help companies lower their overall cost structure or im
the quality or functionality of their product offering.

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Outsourcing is a process that is limited to manufacturing enterprises.
The World Bank has focused on policing the world trading system and making sure
nation-states adhere to the rules laid down in trade treaties.
When Cyprus had a financial crisis, it went to the World Bank, known as the lender of l
resort, to bail it out.
One of the UN's central mandates is the promotion of higher standards of living, full
employment, and conditions of economic and social progress and development.

10:56, 20/09/2022 IB - Chapter 1: Globalization
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World Bank gives aid of $100 million to Kenya for creating rural health care facilities. T
an example of foreign direct investment.
The lowering of barriers to international trade enables firms to view the world, rather t
single country, as their market.
According to WTO data, the volume of world merchandise trade has grown faster than
world economy since 1950
A current trend in international business is the decline of medium-sized and small
multinationals, known as mini-multinationals.

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CHOOSE THE CORRECT ANSWER 10 of 10 points
1 point for each
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A. Outsourcing
B. International marketing
C. Privatization
D. Globalization
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A. Foreign direct investment (FDI).
B.direct international investment (DII).
C. international trade (IT).
D. foreign direct production (FDP).
According to globalization critics, the decline in unskilled wage rates is due to the mig
low-wage manufacturing jobs offshore and a corresponding reduction in demand for u
workers.
________ refers to the shift toward a more integrated and interdependent world econom
ABC Global has decided to invest resources in business activities outside its home
country. This is called

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A. reduced protection for patents, trademarks, and copyrights.
B. enhanced protection for patents, trademarks, and copyrights.
C. increased trade barriers.
D. reduced coverage of services and manufactured goods.
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A. decreasing interdependence between national economies
B. increasing outsourcing of services
C. differentiating of material culture
D. increasing barriers to cross-border trade
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A. national differences in tastes and preferences
B. higher production costs in developed nations
C. homogenization of material culture
D. increased outsourcing of goods and services
The Uruguay Round provided:
Which of the following is a consequence of globalization?
Which of the following factors hinders globalization of consumer goods market?

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A. more interdependent.
B. less diverse.
C. more protected.
D. less competitive.
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A. tariffs
B. transportation costs
C. capital
D. government
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A. the WTO
B. the GATT
C. the World Bank
D. the IMF
Globalization of markets results in markets becoming
Which of the following is a factor of production?
Which of the following focuses on making low-interest loans to cash-strapped governm
poor nations that wish to undertake significant infrastructure investments?

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A. restrictions on competition
B. global nancial contagion
C. excessive market regulation
D. differentiation of markets
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A. exports its products to multiple countries.
B. has production activities in more than two countries.
C. does most of its business on the Internet.
D. lists its securities on a public exchange
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Which of the following is a risk associated with globalization?
Toyota is a multinational enterprise (MNE), which is a firm that
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