Question 1

According to the United Nations,how many transnational corporations operate in the global economy?

Accepted Answer

A)   49,000.
B)   104,000.
C)   290,000.
D)   900,000.

Question 2

Globalization is accepted worldwide and creates little controversy.

Accepted Answer

A) True 
 B)False

Question 3

The richest 1 percent of the people in the world receives as much income annually as:

Accepted Answer

A)   The wealthiest 5 percent.
B)   100 percent of the middle class.
C)   The poorest 99 percent.
D)   The poorest 57 percent. D

Question 4

The primary purpose of the International Monetary Fund is to:

Accepted Answer

A)   Lend foreign currency to member countries.
B)   Exchange one currency for another.
C)   Consolidate the debt facing third world nations.
D)   Collect the interest on loans made by the World Bank to third-world nations.

Question 5

Describe the roles of the World Bank,International Monetary Fund,and World Trade Organization in the acceleration of globalization.

Accepted Answer

The World Bank, International Monetary F...

Question 6

Technological innovation has aided the spread of globalization by:

Accepted Answer

A)   Building advanced technologies that can be sold in the global marketplace.
B)   Building advanced technologies that can be bought in the global marketplace.
C)   Leveling the playing field and allowing all to participate on an equal footing in global commerce.
D)   All of the above.

Question 7

Experts attribute the growth of nongovernmental organizations to:

Accepted Answer

A)   The creation of global stock exchanges and enhanced currency transactions.
B)   The globalization of marketing and converging consumer preferences.
C)   Greater openness in many societies.
D)   All of the above.

Question 8

An example of an international financial and trade institution is:

Accepted Answer

A)   World Bank.
B)   International Monetary Fund.
C)   World Trade Organization.
D)   All of the above.

Question 9

Even as the world has become freer politically and economically,inequality has grown.

Accepted Answer

A) True 
 B)False

Question 10

A firm that has global operations has:

Accepted Answer

A)   All of their manufacturing and service operations abroad.
B)   Some or all of their manufacturing or service operations abroad.
C)   Manufacturing but not service operations abroad.
D)   Service but not manufacturing operations abroad.

Question 11

At the beginning of the 20th century,no country in the world had universal suffrage.

Accepted Answer

A) True 
 B)False

Question 12

The Heritage Foundation scored which nation of the world among the most repressed in 2012?

Accepted Answer

A)   Hong Kong.
B)   Australia.
C)   North Korea.
D)   Singapore.

Question 13

An example of a Global Action Network,or GAN,is:

Accepted Answer

A)   The World Trade Organization.
B)   Nongovernmental organizations.
C)   The Kimberley Process.
D)   The Heritage Foundation.

Question 14

The loan policies of the World Bank:

Accepted Answer

A)   Are generous to developing countries seeking to expand their educational systems.
B)   Impose strict restrictions on debtor countries which can sometimes lead to hardship.
C)   Are generally only available to rich nations.
D)   Are open to any company conducting business abroad.

Question 15

Which transportation system improvement has aided the acceleration of globalization?

Accepted Answer

A)   Airfreight.
B)   High-speed rail.
C)   New oceangoing vessels.
D)   All of the above.

Question 16

Global commerce has taken place for hundreds of years,dating back to the 15th century.

Accepted Answer

A) True 
 B)False  True

Question 17

Although many firms conduct business across national boundaries,most global commerce is carried out by a small number of powerful firms.

Accepted Answer

A) True 
 B)False

Question 18

What is a transnational corporation? How do these corporations operate in the global marketplace?

Accepted Answer

A transnational corporation is a large c...

Question 19

Only manufacturing jobs are being lost through globalization.

Accepted Answer

A) True 
 B)False

Question 20

A society where economic power is concentrated in the hands of government officials and political authorities is called:

Accepted Answer

A)   A central state control system.
B)   A social democracy.
C)   A political control system.
D)   A military dictatorship. A

Exam 6: The Challenges of Globalization

According to the United Nations,how many transnational corporations operate in the global economy?

Correct AnswerverifiedShow Answer

Globalization is accepted worldwide and creates little controversy.

Correct AnswerverifiedShow Answer

The richest 1 percent of the people in the world receives as much income annually as:

Correct AnswerverifiedD

The primary purpose of the International Monetary Fund is to:

Correct AnswerverifiedShow Answer

Describe the roles of the World Bank,International Monetary Fund,and World Trade Organization in the acceleration of globalization.

Correct AnswerAnswered by ExamLex AIThe World Bank, International Monetary F...View AnswerShow Answer

Technological innovation has aided the spread of globalization by:

Correct AnswerverifiedShow Answer

Experts attribute the growth of nongovernmental organizations to:

Correct AnswerverifiedShow Answer

An example of an international financial and trade institution is:

Correct AnswerverifiedShow Answer

Even as the world has become freer politically and economically,inequality has grown.

Correct AnswerverifiedShow Answer

A firm that has global operations has:

Correct AnswerverifiedShow Answer

At the beginning of the 20th century,no country in the world had universal suffrage.

Correct AnswerverifiedShow Answer

The Heritage Foundation scored which nation of the world among the most repressed in 2012?

Correct AnswerverifiedShow Answer

An example of a Global Action Network,or GAN,is:

Correct AnswerverifiedShow Answer

The loan policies of the World Bank:

Correct AnswerverifiedShow Answer

Which transportation system improvement has aided the acceleration of globalization?

Correct AnswerverifiedShow Answer

Global commerce has taken place for hundreds of years,dating back to the 15th century.

Correct AnswerverifiedTrue

Although many firms conduct business across national boundaries,most global commerce is carried out by a small number of powerful firms.

Correct AnswerverifiedShow Answer

What is a transnational corporation? How do these corporations operate in the global marketplace?

Correct AnswerAnswered by ExamLex AIA transnational corporation is a large c...View AnswerShow Answer

Only manufacturing jobs are being lost through globalization.

Correct AnswerverifiedShow Answer

A society where economic power is concentrated in the hands of government officials and political authorities is called:

Correct AnswerverifiedA

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At the beginning of the 20^th century,no country in the world had universal suffrage.

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Global commerce has taken place for hundreds of years,dating back to the 15^th century.

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