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What do you know about Globalization? Flashcards | StudBud
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What do you know about Globalization?
What do you know about Globalization?
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1
Combining businesses, technology, and transportation globalization has-
An increase in international diplomacy
Decreased global poverty rates
Made more goods and services available all over the world
An increase in global unity
2
When companies use overseas companies to lower the cost of a product or service it is:
Outsourcing
Higher wages
Insourcing
Globalization
3
Which of the following is NOT a reason for global population growth.
Genetically engineered crops
Mechanization of agriculture
Vaccines and medicines like penicilin
Increased pollution and environmental destruction
4
An effect of the expansion of businesses expanding into multiple nations is-
A decrease in large corporations
An increase in global trade
Stricter international business laws
A decrease in global trade
5
Another factor increasing connectivity in globalization is-
new methods of transportation
the lack of violent wars
unemployment
pollution
6
A long term drawback of globalization is-
Growing international unity
Rapid consumption of natural resources and increased pollution
Increasing resistance to change from people
Social unrest in wealthy nations
7
The increased connectivity of the world is partly due to:
More expensive air fares
Contraction of trade across the globe
Technology such as satellites and the internet
Building national boundaries and walls
8
In the context of development and globalization, what is a TNC ?
Trans-National Corporation
Thermal Neutron Counter
Totally Not Cool
Total Nucleated Cell
9
_____ is "the integration of culture, technology, and communication on a global scale."
Globalization
Industrialization
Development
Deglobalization
10
A major economic factor of globalization is-
A decrease in human trafficing
The low cost shipping and buying of goods/natural resources
A decrease in global terrorism
A decrease in poverty across the globe
11
In a globalized economy many companies will move factories or businesses to:
Highly skilled labour countries
Provide better climate for employees
Industrial capitals of their home nation
Countries with low labour costs to save money
12
Another name for a TNC is a ....?
World Trade Organisation (WTO)
United Nations (UN)
Non- governmental Organization (NGO)
Multi-national Corporation (MNC)