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BS2967 Module Summary Flashcards | StudBud
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BS2967 Module Summary
BS2967 Module Summary
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Questions
32
Answers
1
Which market structure is the most common?
Monopoly
Perfect Competition
Oligopoly
Monopolistic Competition
2
Have you enjoyed this module?
No
Yes
3
How can you measure Global Economy?
HDI
Employment Rates
GDP
PPP
4
Which is considered a top geopolitical risk in 2022?
Cyber Security
Peace
COVID-19
Trade Agreements
5
Which is a negative impact of globalisation?
Environmental Damage
Movement of Labour
Economic Growth
Social Injustice
6
Which of the following is a reason of why we should not trade?
Globalisation
Availability of Choice
Imitation
Environmetal Impact
7
How much e-waste is generated each year?
100,000 Jumbo Jets
$50.3bn
$62.5bn
125,000 Jumbo Jets
8
What Trade Bloc are Brazil part of?
Mercosur
AfCTA
NAFTA
EU
9
Who is this important figure in geo-politics?
Kim Draper
Narenda Modi
Xi Jinping
Kim Jong-Un
10
Globalization is the increase in the flow of goods, services, capital, people and ideas across international boundaries
True
False
11
Using the Integration-Responsiveness Framework what would high local responsiveness and low global integration be?
Multidomestic Strategy
Transnational Strategy
International Strategy
Global Strategy
12
Which best describes the period 1945-1989?
Globalisation 2.0
Globalisation 4.0
Globalisation 3.0
Globalisation 1.0
13
Products are successful in their home market and require little adaptation. Showcases what approach?
Regiocentric
Geocentric
Ethnocentric
Polycentric
14
Which is not an advantage of adopting an international strategy?
Risk
Cultural Barriers
Entry to New Markets
Competitive Advantage
15
The richest 10% of the population equate to 52% of global income and the poorest half just 8%
False
True
16
Globalisation 3.0 saw the conception of the internet and adoption of technology
False
True
17
Who is this person?
Zelensky
Merkel
Putin
Trump
18
Polycentric is whereby a local approach is most suitable
False
True
19
The new RCEP is a trade bloc worth over 50% of global GDP?
False
True
20
Which is not a cause of globalisation?
Membership of UN
Technology
Capital Mobility
Trade Liberalisation
21
Moore's Law proposes that power and capability doubles every 2 years whilst costs reduce by 50%
True
False
22
Culture is collective programming of the mind that distinguishes the members of one group of people from another
True
False
23
IKEA, Amazon & Netflix are all examples of a vertically integrated company?
True
False
24
Which country has the highest employment rate across the world?
Mexico
China
India
UK
25
Which market structure offers homogenous goods?
Perfect Competition
Monpolostic Competition
Monopoly
Oligopoly
26
Norway is the country with the highest HDI ranking?
False
True
27
What is the Circular Economy?
Linear Model of Extract-Make-Waste
Keeping items in circulation until they are no longer viable.
28
Customers refer to which part of a supply chain?
Upstream
Downstream
29
PEPSICo & Coca-Cola are examples of Oligopolies?
False
True
30
If your comany relied on a single material for its business operations and profitability what would it be called?
Non-Critical Item
Strategic Item
Leverage Item
Bottleneck Item
31
Which is not an aspect of The Five Capitals Model?
Natural
Human
Manufactured
Environmental
32
Which countries embody convergence using the Global Consumer Convergence Spectrum?
China
USA
India
Germany
