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When businesses want to manufacture their products at a cheaper rate, they employ the services

from developing countries which is possible in countries such as China and Cambodia, where
manufacturing costs and wages are lower than highly developed countries. This business practice is
called ____________.

*Outsourcing

Which of the following statements is true about the effects of globalization?

-All of the choices.

Britain, France, Germany, Russia, Netherlands, Japan, and the United States colonized countries
spread their empires. These nations have created global economic, political, cultural, and social
connections around the world. The extending of a country's power and influence is called:

* Imperialism

Dabbing, or the dab, is a simple dance move in which a person drops the head into the bent crook of
a slanted arm, typically while raising the opposite arm in a parallel direction but out straight; both
arms are pointed to the side and at an upward angle. Since 2015, it has also been used as a gesture
of triumph or playfulness, becoming a youthful American dance fad and Internet meme (Ducey,
2015). Since the trend has gone viral, young Filipinos also picked it up as a playful pose. The dab
fad in the Philippines is what aspect of globalization?

-Sociological

Economic globalization is the increasing economic interdependence of national economies across


the world through a rapid increase in cross-border movement of goods, service, technology, and
capital. Some sociologists, like William I. Robinson has argued that because a capitalist economy is
premised on growth and expansion, a globalized economy is the inevitable result of 

-Capitalism

_____ is the timeframe over which a thing is created, passed on to exhibit, and over the long run
removed from the world market.

*Product improvement

Social media has become a ubiquitous part of daily life, but this growth and evolution has been in the
works since the late 70s. From primitive days of newsgroups, listservs and the introduction of early
chat rooms, social media has changed the way we communicate, gather and share information, and
given rise to a connected global society (Morrison, 2015). This evolution of social media is what
aspect of globalization?

-Sociological

The United Nations came into being in 1945, following the devastation of the Second World War,
with one central mission: the maintenance of international peace and security. The UN does this by
working to prevent conflict; helping parties in conflict make peace; peacekeeping; and creating the
conditions to allow peace to hold and flourish. What aspect of globalization deals with the
establishment of UN in order to maintain international peace and security?

-Political

The 2016 Global Estimates of Child Labour indicate that one-fifth of all African children are involved
in child labour, a proportion more than twice as high as in any other region. Nine per cent of African
children are in hazardous work, again highest of all the world's regions. Africa has the largest
number of child labourers; 72.1 million African children are estimated to be in child labour and 31.5
million in hazardous work (International Labour Organization, 2017). The statement means that:

-Child labor grooms children to become industrious and independent.

Which of the following statements is not true about globalization?

-Globalization is a process of interaction and integration among the people, companies, and
governments of different nations, a process driven by international trade and investment and
aided by information technology.

The level of personal or family income below which one is classified as poor according to
governmental standards:

-Income matrix

The United Nations came into being in 1945, following the devastation of the Second World War,
with one central mission: the maintenance of international peace and security. The UN does this by
working to prevent conflict; helping parties in conflict make peace; peacekeeping; and creating the
conditions to allow peace to hold and flourish. What aspect of globalization deals with the
establishment of UN in order to maintain international peace and security?

* Sociological

The level of riches, comfort, material merchandise, cash and necessities accessible to a specific
financial class in a specific region is called:

* Social stratum

Nike and Apple's "Nike+" is a co-branding collaboration which started as as a way to bring music
from Apple to Nike customers' workouts using the power of technology: Nike+iPod created fitness
trackers and sneakers and clothing that tracked activity while connecting people to their tunes. It's a
genius co-branding move that helps both parties provide a better experience to customers - and with
the popularity of fitness tracking technology, Nike+ is ahead of the curve by making it easy for
athletes to track while they play. What attribute of global corporations do Nike and Apple employ?

*Carefully chosen international partners

The term international financial institution typically refers to the International Monetary Fund, the
World Bank Group, the African Development Bank, the Asian Development Bank, the Inter-American
Development Bank, and the European Bank for Reconstruction and Development. The last five
banks are considered MDBs. What does MDBs stand for?
*Multilateral Development Banks

KFC was founded by Colonel Harland Sanders, an entrepreneur who began selling fried chicken
from his roadside restaurant in Corbin, Kentucky during the Great Depression. Sanders identified the
potential of the restaurant franchising concept, and the first "Kentucky Fried Chicken" franchise
opened in Utah in 1952. By 1963, Sanders was fielding franchise requests without having to put in
the legwork, and had more than 600 restaurants across the US and Canada selling Kentucky Fried
Chicken. Years later, Kentucky Fried Chicken would establish its own restaurants around the world,
and the rest is history. The success of KFC as a business is what attribute of global corporations?

-Value opportunity to expand

The United Nations defines _____ as a condition characterized by severe deprivation of basic
human needs including food, safe drinking water, sanitation facilities, health, shelter, education and
information.

- Extreme poverty

In his book, The Modern World System, American sociologist Immanuel Wallerstein described high-
income nations as the ____ of the world economy.

-Periphery

With around 20,000 stores in 63 countries, Starbucks, the world's most popular coffee house has
made its mark from Brazil to China, where many thought it would fail to take off due to the cultural
importance of tea drinking. The company has gone to great lengths to make sure that every
Starbucks feels like a local coffee house, without losing brand consistency. For example, in China, a
regional dislike for coffee was combatted with coffee-free drinks, whilst stores in Asia feature more
adaptable seating arrangements to cater for larger groups. This effort is what attribute of a global
corporation?

- Understand different cultures

Which of the following statements is not true?

- The International Monetary Fund and World Bank are specialized agencies in the United
Nations system.

Which of the following is not true about the history of global market integration?

- Global market integration is almost as old as humanity.

The Millennium Development Goals were the eight international development goals created by the
United Nations for the year 2015 to address the different problems in the world. Which of the
following ranked first in the eight development goals?

- Eradicate extreme hunger and poverty


The UN Convention on the Rights of the Child is a comprehensive, internationally binding agreement
on the rights of children, a human rights treaty which sets out the civil, political, economic, social,
health and cultural rights of children. When was the treaty adopted by the United Nations?

*UN General Assembly 1989

Which of the following examples does not refer to resources and markets as factors affecting
economic globalization

*The founding of the Association of Southeast Asian Nations (ASEAN)

Which of the following statements is not true?

* Economic globalization is the independence of world economies as a result of the growing


scale of cross-border trade of commodities and services.

Which of the following statements is not true?

*All International Financial Institutions admit only sovereign countries as owner-members,


but all are characterized by a broad country membership, including both borrowing
developing countries and developed donor countries.

Which of the following statements is not true?

*Membership in the regional development banks is limited to countries from the region.

The five Multilateral Development Banks are composed of the following, except

*Green Climate Fund

The United Nations came into being in 1945, following the devastation of the Second World War,
with one central mission: the maintenance of international peace and security. The United Nations is
responsible for maintaining ceasefires and stabilizing situations on the ground, providing crucial
support for political efforts to resolve conflict by peaceful means. Those missions consisted of
unarmed military observers and lightly armed troops with primarily monitoring, reporting and
confidence-building roles. Which unit of the United Nations is responsible for these efforts?
*Security Council

Philip Morris International is an American cigarette and tobacco company which sells its products in
180 countries outside the United States. In the Forbes Global 2000 List, it grabbed the top spot with
foreign revenue unsurprisingly accounting for 100 percent of total revenue, considering that it sells
its products exclusively overseas. What attribute of global corporations does Philip Morris
International employ?

*Measure success

A group of people who has the ultimate authority to act on behalf of a state is called:

*Government
In his book, The Modern World System, American sociologist Immanuel Wallerstein described high-
income nations as the ____ of the world economy.

*Core

This type of financing is provided by the Multilateral Development Banks to member countries,
mostly for technical assistance, advisory services, or project preparation:

*Grant financing

Which of the following examples refers to historical factor influencing economic globalization?

*Europeans traveled around the globe to barter crafts and furs in exchange for silks and
perfumes in the Middle Ages

The level of personal or family income below which one is classified as poor according to
governmental standards:

*Poverty line

The following statements are correct about globalization except for the following:

-Globalization is a recent phenomenon which traces its origin in the Information Age and
thrived because of the presence of social media and new technologies.

What is the timeframe over which a product is created, passed on to exhibit, and over the long run
removed from the world market?

* Item life cycle

McDonald's marketing has different strategy in different regions. Even in Asia, the advertising
content for each country is different. For example, in Japan, most Japanese have high preferences
on animations and the animation in Japan is the fastest growing industry as well. So McDonald's
tends to use more animation elements for marketing and advertising. It aims to attract more target
customers, including kids, teenagers, and even young adults. Many well-known cartoons were used
in McDonald's advertisement marketing that enhances the attractiveness and popularity of products.
In Malaysia, the Halal logo are indicated in all kinds of Halal food advertising. It also emphasizes on
good values with draw attentions of local customs. The customs in different areas presents diversity.
McDonald's also considered the local eating habits to practice the different marketing strategies. For
example, many Chinese people choose Chinese food for breakfast, McDonald's launched a
Chinese-style breakfast based on the eating habits (Li, 2016). What attribute of global corporations
does McDonald's practice

*Understand different cultures

Many American companies are now transferring technology development, customer service,
financial and administrative jobs to international markets. India is the leading recipient of the
outsourcing of information technology functions like software development and maintenance, and
also BPOs. The latter includes back-office functions like accounting, human resources, call centers
and data analysis (DiCarlo, 2003). The practice of farming out jobs from a home base to other
countries, largely in an effort to cut costs is called:

*Outsourcing

According to Albert Subbloie, CEO and Founder of Tangoe, a good benchmark of whether your
company should continue efforts in a country is when _______ percent of your business is coming
from outside the United States.

*20-50%

Long before Airbnb persuaded strangers to sleep in one another's homes and became a $25 billion
company, it was just an idea to make extra bucks and make rent. It started with an email. Joe
Gebbia sent his roommate, Brian Chesky, an idea: What if they made a designer's bed and
breakfast, complete with a sleeping mat and breakfast? It was a way to "make a few bucks." Almost
nine years later that idea is worth $25 billion. They created a simple site, airbedandbreakfast.com,
and bought three air mattresses. The duo had met at college at the Rhode Island School of Design,
so they thought acting as tour guides to designers would be a fun way to make money. By 2011, four
years after the first air mattress guests, Airbnb was already in 89 countries and had hit 1 million
nights booked on the platform. It also finally won the break-out mobile app award at SXSW - despite
having tried to launch there three years earlier (Carson, 2016). What attribute of global corporations
contributed to the success of Airbnb?

*Turbo-charged by the internet

This type of financing is provided by the Multilateral Development Banks to member countries, with
maturities of 30 to 40 years, at interest rates well below market rates. These are funded through
direct contributions by governments in the donor countries:

* Very-long-term loans

Based on the Modern World System of Immanuel Wallerstein, which of the following statements is
incorrect?

-High-income nations are considered "core" of the world economy.