GE 03: MIDTERM BSCpE 1A

Quiz
•
Social Studies
•
University
•
Medium
Rhannel Cortez
Used 1+ times
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35 questions
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1.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
A local textile company decides to source its raw cotton from Egypt, manufacture fabrics in Vietnam, and design clothing in Italy, which are then sold in various markets worldwide. This business model primarily exemplifies which dimension of globalization?
Global orientation of organizational structure
Global sourcing of factors of production
Planning to expand business on a worldwide scope
Creating product development on a global market sphere
2.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
If a country specializes in producing a good at a lower opportunity cost than another country and then trades this good internationally, which economic theory is being applied?
The Theory of Absolute Advantage
The Theory of Comparative Advantage
The Theory of Market Integration
The Theory of Economic Liberalization
3.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
A well-established domestic company decides to enter a foreign market by partnering with local distributors to sell its existing products. According to the stages of globalization, what would be its logical next step to deepen its global presence?
Move to a full insider position with R&D and engineering support.
Carry out manufacturing, marketing, and sales in key foreign markets.
Take over the distribution and sales activities on its own.
Transition to a genuinely global mode of operation with global localization.
4.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
A multinational corporation faces a dilemma: maintain its globally standardized product for efficiency or adapt it significantly to cater to unique local preferences in various countries. Which aspect of globalization does this challenge directly relate to?
Political Globalization
Economic Globalization
Global Localization
Cultural Globalization
5.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
The increased use of online banking, e-commerce platforms, and electric vehicles across diverse nations indicates which core concept of globalization?
Political integration through international organizations.
The historical foundation of globalization in ancient times.
Everyday indicators of globalization at work.
The philosophical underpinnings of globalization.
6.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Critics argue that unregulated globalization can lead to a 'race to the bottom' in terms of labor standards and environmental protection in developing countries. This concern primarily aligns with which demerit of globalization?
Reduced transportation costs.
Workers facing pay cut demands.
Increased innovation from fresh ideas abroad.
Unfettered capital flow keeping interest rates low.
7.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
A country opens its economy to foreign direct investment in its key manufacturing sector, hoping to attract global capital and expertise. However, this leads to several domestic enterprises struggling to compete and eventually closing down. This scenario illustrates which potential demerit of globalization?
Increased living standards.
Threat to national sovereignty.
High foreign stake affecting domestic economic growth.
Export jobs paying more than other jobs.
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