MGT 448 WK 1 Self-Assessment Questions
MGT 448 Self-Assessment Questions
Week One: Contemporary Global Business Environment
Note: Answers to questions appear on the last page of this document.
One of the two factors that seem to underlie the trend toward globalization is change in communication, information, and transportation technologies. The other factor is
the demise of communism in Russia.
declining trade barriers.
the strength of the U.S. dollar and Japanese Yen.
fewer international conflicts.
the influence of the United Nations.
Which is a consequence of the globalization of production and markets?
In the last decade, world trade has not grown as quickly as world output.
In the last decade, world trade has grown at the same pace as world output.
Foreign direct investment has declined.
Competitive pressures have decreased in multiple industries.
Imports have become more prominent in the world’s industrial nations.
______________ are abstract ideals about what a society believes to be good, right, and desirable.
Norms
Social rules
Values
Cultures
Traditions
Pragmatic nationalism sees the multinational enterprise as an imperialist tool for exploiting host countries.
True
False
In a(n) _______________, barriers to trade between member countries are removed, but each country determines its own external trade policy.
customs union
common market
economic union
free trade area
political union
Proponents of globalization believe all of the following EXCEPT:
Falling barriers to international trade and investment drive the global economy toward greater prosperity.
Increased international trade and cross-border investment will result in lower prices for goods.
Increased international trade and cross-border investment force businesses to move manufacturing jobs to countries where labor wages are lower.
Globalization raises the incomes of consumers.
It creates jobs in countries that choose to participate in global trading systems.
Critics of
Week One: Contemporary Global Business Environment
Note: Answers to questions appear on the last page of this document.
One of the two factors that seem to underlie the trend toward globalization is change in communication, information, and transportation technologies. The other factor is
the demise of communism in Russia.
declining trade barriers.
the strength of the U.S. dollar and Japanese Yen.
fewer international conflicts.
the influence of the United Nations.
Which is a consequence of the globalization of production and markets?
In the last decade, world trade has not grown as quickly as world output.
In the last decade, world trade has grown at the same pace as world output.
Foreign direct investment has declined.
Competitive pressures have decreased in multiple industries.
Imports have become more prominent in the world’s industrial nations.
______________ are abstract ideals about what a society believes to be good, right, and desirable.
Norms
Social rules
Values
Cultures
Traditions
Pragmatic nationalism sees the multinational enterprise as an imperialist tool for exploiting host countries.
True
False
In a(n) _______________, barriers to trade between member countries are removed, but each country determines its own external trade policy.
customs union
common market
economic union
free trade area
political union
Proponents of globalization believe all of the following EXCEPT:
Falling barriers to international trade and investment drive the global economy toward greater prosperity.
Increased international trade and cross-border investment will result in lower prices for goods.
Increased international trade and cross-border investment force businesses to move manufacturing jobs to countries where labor wages are lower.
Globalization raises the incomes of consumers.
It creates jobs in countries that choose to participate in global trading systems.
Critics of