Moral Grade10 -Quiz no 1

Why do businesses like McDonald's, Nike, Adidas, and others want to have a presence in many different countries?

• Cultural Isolation-They want to isolate themselves from cultural diversity by operating in multiple countries, maintaining a homogenous customer base.

• Language Barrier-They seek to increase their language barriers by expanding into different countries, making communication with customers and employees more difficult.

• Supply Chain Complexity-They aim to complicate their supply chain by operating in multiple countries, resulting in higher costs and logistical challenges.

• Market Expansion- They want to tap into new markets and reach a larger customer base, driving sales and revenue growth.

What is the increase of connections between economies around the world?

• tax

• globalizations

• capital

• income

When you look around the UAE, you will see many different people from many different backgrounds. What does it show?

• Availability of goods at lower prices

• Movement of labor

• Movement of capital funds

• Growth of multinational companies

What is the agreement between two or more countries to remove import duties and taxes on trade between them but enforce a common external tax on goods imported from countries who are not members of the Custom Unions?

• Bilateral Trade

• Custom Union

• Regional Trade

• Double Taxation Avoidance

The UAE also has free trade agreements with individual countries. These agreements between two countries help reduce barriers and establish friendly relations. What do we call this agreement?

• Custom Union

• Common Market

• Bilateral trade

• Free Trade

Which of the following countries is not included in the UAE Bilateral agreement?

• Pakistan

• India

• Netherlands

• Japan

Which of the following is not considered a barrier to globalization?

• Legal Requirements

• Regulations

• Laws relating to people

• Increase in the variety and quality of goods and services

How can the availability of goods and services at lower prices be beneficial for globalization?

• Many people lost their jobs.

• Many people will have income inequality

• Many people will lose their cultural identity

• Many people in different parts of the world can buy clothes at stores at very low prices.

Which of the following refers to the machinery, buildings, and equipment used in the production of goods and services?

• revenue

• capital

• taxes

• labor

If Popeye's, a US company, opens a new restaurant in the UAE, which of the following globalization benefits will be shown?