Question

1. Compared to just international trade, which of the following is a strong example of globalization?

a.  Gatorade sells drinks worldwide.

b.  Banana Republic and Footlocker sell clothing and accessories worldwide.

c. Bell Canada outsources customer service work to India to assist North American clients.

d.  Boeing, Airbus and Lockheed Martin producing aircraft for a worldwide market.

2. A main criticism against globalization is that it

a. Increases inequality between rich and poor.

b. reduces poor working conditions and limits employment for those in poor countries.

c. increases government funding for education and health care.

d. none of the above.

3. The growing interconnection between people and the places they live in through merging cultural, political and economic change is called:

a.World Wide Web.

b.Americanization.

c.Globalization.

d.Popular Culture.

4. A business with economic ties in two or more countries is called a:

a. multiglobal organization.

b.multinational enterprise.

c.multilevel firm.

d. multilocational enterprise

Answer 1

1). Globalization as we know is the integration of the world economies. It has made the world as a global village. Globalization has made possible the free flow of goods and services between countries. Globalization is the word used to describe the growing interdependence of the world's economies, cultures, and populations, brought about by cross-border trade in goods and services, technology, and flows of investment, people, and information.

The correct option is (c).

Bell Canada outsources customer service work to India to assist North American clients.

2). The correct option is (a).

Increases inequality between rich and poor.

The globalization has benefited the rich at the cost of poor. The poor are largely hurt by globalization.

3). The correct option is (c).

Globalization.

Globalization has made the interconnection between people and the places they live in through merging cultural, political and economic change. It integrates the world economies.

4). The correct option is (b).

Multinational enterprise.

Multinational enterprise is the Enterprise which has it's business operations in more than two countries.

Hope you got the answer.

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