Exam 1: The Rise of Globalization

Scenario - T & M Computers Thomas Benson and Matthew Roderick started a small computer business ten years ago in Rapid City, South Dakota Armed only with determination and innovative designs, Thomas and Matthew were driven to achieve success for their company, T & M Computers.  Their hard work has indeed, paid off.  Since the inception of the company, the two owners have watched their business grow and demand for their products increase. Four years ago due to this high product demand, they went international with their business operations.  Thomas and Matthew now have international business operations in Singapore, France, Turkey, and Great Britain.  Further operational expansion is anticipated within the next year and the company plans to begin operations in Spain, Greece, and Italy.  The owner's hard work and dynamic ideas have proven quite profitable for the company.  Thomas and Matthew are pleased with how their operation has grown into becoming a major international business worthy of competing with Intel and Microsoft.  T & M Computers may well be the next giant recognized in the field of computer software. Which one of the following would T & M Computers least expect to be a negative influence from the sovereign governments within the nations where their business operations are located?

The period of transformation that adjusts lifestyles to make the Internet and wireless technologies a part of everyday life refers to the ______.

Countries that have successfully adapted to globalization realize that they cannot succeed without high-quality government management at home.

The Everline Corporation's future business plans include expanding into foreign markets where the use of mobile Web browsing is growing rapidly.  Which one of the following countries would this organization be least likely to look toward to include in their future expansion plans?  

A system of responsibility in which an authority, such as the government, is answerable for its actions refers to ________.

There is a perceived economic gap among the various foreign customers of the Everline Corporation.  This is thought to be mainly the result of the level of access or lack thereof to modern digital information technologies experienced within these individual countries.  Considering this perceived economic gap, Everline's operations may be experiencing influence identified as which of the following?

Economic development that meets the needs of the present generation without compromising the ability of future generations to meet their own needs, whether environmentally, socially or economically is called ______.

All of the following are examples of counterarguments the Renna Company should consider before continuing with their stand of keeping their operations strictly within the borders of the United States except which one?    

In India, several politicians are working very hard toward a system of full disclosure and openness that aims to avoid any semblance of corruption and cronyism. These efforts can be described as creating a system focused on _____.

What was the initial primary role of the World Bank?

A world economy in which the engines of growth could comprise the United States, the European Union, China, India, Brazil, Russia, and South Africa rather than the United States alone can be described as a(n)__________.

Which of the following is NOT a key aspect of globalization?

_______ refers to a fundamental global shift in which industrialized country-dependent developing economies begin to grow based on their own underlying economic strengths rather than the ups and downs of the world's richest countries.

Trade without discrimination, freer trade, predictability, promotion of fair competition, and _____ are the five principles of the multilateral trading system.

Illicit dealings undermine economic performance by doing all of the following EXCEPT:

The Renna Company has a clear understanding of the benefits of economic development.  Economic development which meets the needs of the present generation without compromising the ability of future generations to meet their own needs, whether environmentally, socially or economically is best identified as which one of the following?    

Text messaging will likely be an unimportant component of emerging economies' mobile phone usage because most people in these countries cannot read or write.

A world economy in which the engines of growth could comprise several major industrialized and emerging market economies such as the United States, the European Union, China, India, Brazil, Russia, and South Africa rather than the United States alone is called ______.

Of the following, which is NOT true regarding the Internet and cell phone era?

A sustainable decoupling process would eventually lead to _____.