Exploring Globalization
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Questions and Answers

Which of the following best describes globalization?

  • The process of becoming a global citizen by adopting foreign customs and traditions.
  • The interconnectedness of people and business across the world that eventually leads to global, cultural, political and economic integration.
  • The increasing interaction of people, states or countries through the growth of the international flow of money, ideas and culture. (correct)
  • The ability to move and communicate easily with others all over the world in order to conduct business internationally.
  • What is the main outcome of globalization?

  • Enhanced technological innovation
  • Improved political stability (correct)
  • Greater economic inequality
  • Increased cultural diversity
  • Which statement best describes the concept of globalization?

  • Globalization is limited to economic aspects.
  • There is only one definition of globalization.
  • Different conceptions of globalization exist. (correct)
  • Globalization is a recent phenomenon.
  • What does globalization enable individuals and businesses to do?

    <p>Conduct business internationally</p> Signup and view all the answers

    What is the purpose of agreeing on a working definition of globalization in a course?

    <p>To establish a common understanding</p> Signup and view all the answers

    Which of the following best defines globalization?

    <p>The increasing interaction of people, states or countries through the growth of the international flow of money, ideas and culture.</p> Signup and view all the answers

    What is one of the outcomes of globalization?

    <p>Increased cultural diversity</p> Signup and view all the answers

    What is the purpose of agreeing on a working definition of globalization in a course?

    <p>To ensure a clear understanding among students and instructors</p> Signup and view all the answers

    What does globalization enable individuals and businesses to do?

    <p>Move and communicate easily with others all over the world</p> Signup and view all the answers

    Which of the following is NOT a characteristic of globalization?

    <p>Limitation of international flow of money, ideas, and culture</p> Signup and view all the answers

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