Question 1

What is globalization?

Accepted Answer

The process of increasing interconnectedness and interdependence of the world's economies, societies, and cultures.

Answer

The process of creating isolated and self-sufficient economies, societies, and cultures.

Answer

The process of decreasing interconnectedness and interdependence of the world's economies, societies, and cultures.

Answer

The process of creating strict barriers between different countries, societies, and cultures.

Question 2

Which of the following is a source of globalization?

Accepted Answer

Advances in technology and communication.

Answer

Decreased cultural exchange.

Answer

Decreased international trade.

Answer

Isolationism.

Question 3

What is the impact of globalization on cultural diversity?

Accepted Answer

It can lead to the homogenization of cultures.

Answer

It leads to the preservation of traditional cultures without any changes.

Answer

It increases cultural diversity.

Answer

It has no impact on cultural diversity.

Question 4

What is a multinational corporation?

Accepted Answer

A company that operates in multiple countries.

Answer

A company that operates in only one country.

Answer

A company that only hires employees from multiple countries.

Answer

A company that is owned by multiple countries.

Question 5

What is outsourcing?

Accepted Answer

The practice of hiring a company outside of the country to perform a task or function.

Answer

The practice of hiring a company within the country to perform a task or function.

Answer

The practice of hiring only local employees to perform a task or function.

Answer

The practice of creating barriers to prevent foreign companies from performing tasks or functions within the country.

Question 6

What is a trade agreement?

Accepted Answer

An agreement between two or more countries to lower barriers to trade between them.

Answer

An agreement to only trade with domestic companies.

Answer

An agreement between two or more countries to increase barriers to trade between them.

Answer

An agreement to only trade with companies within a specific region.

Question 7

What is offshoring?

Accepted Answer

The practice of moving a company's operations to another country.

Answer

The practice of creating barriers to prevent foreign companies from performing tasks or functions within the country.

Answer

The practice of moving a company's operations to another region within the country.

Answer

The practice of hiring only local employees to perform a task or function.

Question 8

What is the impact of globalization on job security?

Accepted Answer

It can lead to a decrease in job security.

Answer

It leads to an increase in job security.

Answer

It has no impact on job security.

Answer

It leads to the creation of new job sectors without affecting existing ones.

Question 9

What is a trade barrier?

Accepted Answer

A government-imposed restriction on international trade

Answer

A company's decision to not participate in international trade

Answer

An increase in demand for international trade

Answer

An agreement between two countries to promote trade

Question 10

Which country is currently the largest economy in the world?

Accepted Answer

United States

Answer

Japan

Answer

Germany

Answer

China

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