Exam 1: Globalization

Trade unions claim that by permitting international firms to continually move to nations with ________,globalization reduces labor's bargaining power and forces overall labor standards lower.

Globalization's impact on jobs and wages is an important topic for debate.Discuss the major points for globalization in the jobs and wages debate,and describe how the actions of large multinational corporations affect the issues in the jobs and wages debate.

Small companies selling traditional products benefit from ________.

Konesia is a country in which rising incomes are increasing the global demand for basic products and services.Which of the following is the type of market featured in this country?

Gross national product (GNP)is the value of all goods and services imported into a country over a one-year period.

Extranets give distributors and suppliers access to a company's database to place orders or restock inventories electronically.

Pro-globalization economists believe globalization increases wealth in both developed and developing nations.

The global business environment consists of four distinct elements: the forces of globalization,national business environments,the international business environment,and ________.

Scenario: Donna Bader,Globalization opponent Donna Bader spent her final year at college studying the effect of various economic factors on the economy of developing nations.Based on the results of her study,she concluded that globalization does these countries more harm than good. -Which of the following statements,if true,strengthens Donna's argument?

Crystal inc.is a multifaceted company that deals with the mining,cutting,and selling of diamonds.It gives distributors and suppliers access to its database to place orders or restock inventories electronically and automatically.Which of the following is the network implemented in the company?

Opponents argue that globalization ________.

Scenario: Topsy Turvey Toys and Ureshi Toys Topsy Turvey Toys is a U.S.-based toy retailer that buys all its merchandise from Ureshi Toys,a Japan-based toy manufacturer with production facilities in twelve nations.Ureshi Toys markets its toys globally without modification. -Topsy Turvey Toys buying its merchandise from Ureshi Toys is an example of ________.

The KOF Index measures the ________.

Goods and services purchased abroad and brought into a country are called ________.

NAFTA is the international organization that enforces the rules of international trade worldwide.

Each ________ is composed of unique cultural,political,legal,and economic characteristics that define business activity within that nation's borders.

________ is an effective alternative to traditional distribution channels for firms that sell digitized products.

Kireki is a small country with a corrupt government.Its population is rural for most part and citizens have few or no legal rights.Which of the following is the type of market featured in Kireki?

Critics of globalization believe the overall gains that accrue to national economies are worth the lost livelihoods of some workers.

The value of all goods and services produced by a country's domestic and international activities over a one-year period is the country's ________.