Exam 1: The Rise of Globalization

In Brazil, if there are government organizations that create strong incentives for private investment and operate under a system of checks and balances that function best in a democratic system of government, they could be classified as which of these?

Which of the following is NOT true regarding competitive markets?

ABC Technology touts in their advertisements that their technology can transfer huge amount of data and other information in a second via the Internet. This describes ABC's _____ in technology.

The rules, enforcement mechanisms, and organizations that support market transactions are called ______.

Countries that have been moving toward more open trade and free market policies are known as _____.

The "soft" qualities essential to globalization include openness, protectionism, accountability, connectivity, democracy, and centralization.

Scenario - The Renna Company Established in 1956, the Renna Company has always maintained its operations within the boundaries of the United States.  Originally based in Lexington, Kentucky, this company has now expanded operations into thirteen other U.S. states.  While it's inexpensive and efficient cooling and heating products are in high demand even in foreign markets, this company contends it has no desire for international expansion. Conducting operations strictly within the U.S. borders does not appear to have limited this company overly much.  It realized net profits of two billion dollars last year and provided gainful employment for over four thousand workers.  The leaders of the Renna Company realize greater profits could be attained through international expansion.  However, they stand in agreement when they state, "It is not always the money that best defines the worth of an organization." The company desire to stay true to its mission statement, which claims, "It will serve the marketplace of the United States with its superior products and provide job opportunities with a fair wage for its employees."  The Renna Company is very proud of its products and enjoys the fact they are produced and sold in the United States of America.  This company truly reflects the success possible when holding to the fact that "Made in America" is still a winner.Which one of the following statements is least likely to be a rationale explaining why the Renna Company staunchly desires to avoid global expansion?

For the World Trade Organization, increasing trade barriers has been one of the most simple ways to encourage trade and globalization.

The rapid fall in prices of digital IT equipment and services may

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. T & M Computers plans to begin operations in areas that recently needed financial assistance and undergone certain levels of reconstruction and reorganizing to their economies.  Which organization listed below is most likely to have played an integral part in this?