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Globalization - Helena, Maria, Noah, Swee, Sarp Flashcards | StudBud
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Globalization - Helena, Maria, Noah, Swee, Sarp
Globalization - Helena, Maria, Noah, Swee, Sarp
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Answers
1
What are global players?
The top 10 wealthiest companies worldwide
Companies that operate worldwide
Famous football players
Companies that operate exclusively in one country
2
What major risk of global production chains was exposed by the Covid pandemic?
Economic losses from supply chains disruptions
Decreased Consumer Demand
3
What is a key characteristic of an industrial cluster
high concentration of cooperating and competing companies in an industry
businesses that only operate in rural areas
a single company controlling all business in a region
companies avoiding cooperation and collaboration
4
How does outsourcing help companies?
It makes production slower
It eliminates the need for suppliers
It reduces global trade
It increases production speed and reduces costs
5
What company has a major factory near Berlin?
Google
Amazon
Tesla
Meta
6
What is a famous example of a cluster?
Stuttgart, Baden Württemberg
Silicon Valley, California
Laguna Beach, California
Calabasas, California
7
We are currently in the era of Industrialization 4.0
True
False
8
Amazon acquired the company Monsanto in a massive merger
True
False
9
As of 2021, what is the largest company by turnover?
Amazon
Walmart
Cornelsen Verlag
Shell
10
The European Green Deal aims to make the EU climate neutral by 2040
False
True
11
What is a virtual company?
A fake company
A company focused on social media
A temporary network of companies connected through communication
A permanent network of companies connected through fax and mail
12
What has driven globalization, especially in communication and transportation?
Technical Innovation
Population growth
Natural resources
Political agreements
13
Which of the following is NOT a characteristic of Lean Management?
Improving flexibility
Streamlined operations
Reducing waste
Increasing bureaucracy
14
How does globalization impact industrial production?
It encourages international trade and specialization
It limits production to local markets
It isolates industries from competition
It reduces technological advancements
15
Which is NOT a phase of the Kondratiev wave?
Economic Upswing
Recovery
Market collapse
Economic Downswing
16
What is ohne possible response to the risk of global interdependence?
Expansion of global trade
Deglobalization
Lowering production costs
Increased automation
17
What is a large challenge for businesses caused by globalization?
Managing supply chains across different countries
Decreasing number of competitors
Reduced access to digital tools
Lack of international trade opportunities
18
What characterizes post-Fordist production?
High standardization
Large-scale factory automation
Heavy reliance on manual labor
Flexible production and decentralization
19
Henry Ford initiated a new form of industry at the start of the 19th century
True
False
20
Africa has more BASF factories, production sites than Europe
True
False
21
Which Russian scientist came up with the theory of long waves?
Konrad Nikotiev
Josef Stalin
Vladimir Putin
Nikolai Kondratiev
22
Special economic zones incentivize trade through special regulation (e.g. absence of tariffs; lower taxes)
True
False
23
What is one reason multinational companies establish production facilities in multiple countries
to avoid international trade agreements
to access cheaper labor and resources
to keep production sustainable
24
Lean production avoids unnecessary production steps in order to increase profit
False
True
