Question 1

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?

Accepted Answer

A) Military hostilities 
B) Protectionist policies 
C) Promotion of economic growth and job creation 
D) Stiff environmental standards 
E) Stringent immigration policies

Question 2

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

Accepted Answer

The answer of The period of transformation that adjusts lifestyles...

Question 3

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

Accepted Answer

A) True 
 B)False

Question 4

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?

Accepted Answer

A) Vietnam 
B) Kenya 
C) India 
D) Germany 
E) Nigeria

Question 5

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

Accepted Answer

The answer of A system of responsibility in which an...

Question 6

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?

Accepted Answer

A) Digital stagnation 
B) Digital era 
C) Digital divide 
D) Bandwidth technology era 
E) Web revolution

Question 7

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 ______.

Accepted Answer

The answer of Economic development that meets the needs of...

Question 8

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?

Accepted Answer

A) Global expansion affords a strong potential for costs of both product production and product purchase to decrease. 
B) Life expectancy may increase for members of the population within the nations involved in globalization due to the increased quality of life. 
C) Globalization contributes to faster economic growth for the nations involve 
D) The quality of life is most likely to improve for the citizens of the nations that are involved with globalization and trad 
E) The wage levels of each nation may become stagnant and some workers may become displaced, having been replaced by less expensive foreign labor.

Question 9

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 _____.

Accepted Answer

A) politics 
B) integrity 
C) accountability 
D) transparency 
E) democracy

Question 10

What was the initial primary role of the World Bank?

Accepted Answer

A) To aide in the reconstruction of Europe after World War II 
B) To provide low-interest mortgage loans to minorities 
C) To try to avoid a repetition of the disastrous economic policies that had contributed to the Great Depression. 
D) To deal primarily with tariff negotiations 
E) To provide loans and take equity position in private companies

Question 11

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)__________.

Accepted Answer

A) interdependent world 
B) industrialized world 
C) globalized economy 
D) multi-polar world 
E) diverse world

Question 12

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

Accepted Answer

A) The elimination of barriers to trade 
B) Investment 
C) Financial independence 
D) Culture 
E) Information technology

Question 13

_______ 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.

Accepted Answer

The answer of _______ refers to a fundamental global shift...

Question 14

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

Accepted Answer

A) integrated capital markets 
B) encouragement of economic reform in developing countries 
C) liberalization of the trading system 
D) nontariff trade 
E) establishment of "most favored nation" status

Question 15

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

Accepted Answer

A) decreasing costs. 
B) raising competition. 
C) thwarting competition. 
D) reducing transparency. 
E) raising insecurity.

Question 16

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?

Accepted Answer

A) Sustainable development 
B) Reform process 
C) Trade liberalization 
D) Corporate social responsibility 
E) Environmental degradation

Question 17

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

Accepted Answer

A) True 
 B)False

Question 18

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 ______.

Accepted Answer

The answer of A world economy in which the engines...

Question 19

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

Accepted Answer

A) Fortunately, the next billion users will be the same as the first billion 
B) The majority of users will be from developing countries 
C) Text messaging will likely predominate emerging economies; mobile phone usage 
D) Countries are skipping the use of land-line technology and jumping to wireless systems 
E) Developing countries may "leapfrog" an entire generation of technology

Question 20

A sustainable decoupling process would eventually lead to _____.

Accepted Answer

A) a multi-polar world 
B) globalization 
C) outsourcing 
D) transparency 
E) income inequity

Exam 1: The Rise of Globalization