FP2 4.03 Global Business Environment

Abigail is working for a company that is expanding its operations internationally. She needs to be aware of political factors that affect trade, such as civil unrest or:

• business cycles

• currency rates

• competitors

• embargoes

During a class discussion on globalization, Charlotte asked which technology has had the most influence on globalization.

• the Internet.

• wireless connections.

• inexpensive telephone service.

• television.

Maya is studying how the ability to travel more freely has impacted globalization. What has she discovered?

• It helps enable the spread of culture and ideas.

• It promotes a sense of nationalism.

• It escalates competition between businesses.

• It breaks down political barriers between countries.

Avery's company is considering expanding its operations internationally. Globalization can be an advantage for businesses like Avery's because it

• can help them to cut costs for certain resources.

• increases direct competition.

• can contribute to a phenomenon called brain drain.

• inhibits the ideas of other businesses.

In a classroom discussion, Daniel and Abigail noticed that the free exchange of ideas among students led to

• greater business innovation.

• more instances of outsourcing.

• fewer choices for consumers.

• decreased competition.

Aiden noticed that his local supermarket now offers exotic fruits and international snacks that were not available a few years ago. How has globalization affected consumers like Aiden?

• It has made them more closed-minded toward other cultures and ethnicities.

• It has helped them to save on taxes.

• It has increased competition among them.

• It has given them a bigger and better variety of products to choose from.

In Ava's country, many skilled engineers and doctors are moving abroad for better job opportunities. This situation is an example of

• consumers spending too much time shopping online.

• people who speak different languages trying to communicate with one another.

• businesses outsourcing jobs to other countries.

• a country losing talented employees to better opportunities in other countries.

James, a factory worker, lost his job when the company decided to move its manufacturing operations to another country. This is an example of how globalization can be a disadvantage for domestic workers due to the practice of

• nationalism.

• exporting.

• offshoring.

• environmental degradation.

Ethan noticed that the local river was becoming increasingly polluted and the air quality was deteriorating. He wondered if this environmental degradation was occurring because of

• decreased competition.

• nationalism.

• offshoring.

• increased production.

Nora and Maya are planning a trip to different countries, but they find it challenging to communicate with locals. What is one of the biggest barriers that separates countries/regions?

• language.

• technology.

• methods of travel.

• brain drain.