Chapter 1_Globalization_PBS3233

Chapter 1_Globalization_PBS3233

University

6 Qs

quiz-placeholder

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Chapter 1_Globalization_PBS3233

Chapter 1_Globalization_PBS3233

Assessment

Quiz

Business

University

Practice Problem

Hard

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6 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The merging of historically distinct and separate national markets into one huge global marketplace is known as

global market facilitation

cross-border trade

supranational market integration

the globalization of markets

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Firms that are involved in international business tend to be

large

small

medium-sized

large, small, and medium-sized

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is not a factor of production?

trade

land

capital

energy

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The sourcing of good and services from around the world to take advantage of national differences in the cost and quality of factors of production is called

economies of scale

the globalization of production

global integration

global sourcing

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which organization is responsible for policing the world trading system?

the International Monetary Fund

the United Nations

the World Trade Organization

the World Bank

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the single most important innovation to the globalization of markets and production?

advances in transportation technology

the development of the microprocessor

advances in communication

the Internet