Global Economy and Banking Systems
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Questions and Answers

Which level of needs is associated with personal growth and fulfilling one's potential?

  • Safety & Security needs
  • Social needs/ Love needs
  • Self-Actualization need (correct)
  • Wealthy needs

    • What is the term for remembering recent information better than earlier information?

  • Recall bias
  • The primacy effect
  • Recent memory effect
  • The recency effect (correct)

    • Which level of needs is related to feelings of love and belonging?

  • Self-Actualization need
  • Wealthy needs
  • Safety & Security needs
  • Social needs/ Love needs (correct)

    • What is the term for the need for financial security and stability?

    <p>Safety &amp; Security needs</p> Signup and view all the answers

    Which level of needs is not a part of Maslow's Hierarchy of Needs?

    <p>Wealthy needs</p> Signup and view all the answers

    What is the main idea behind the improvement orientation?

    <p>Everyone should work on continuously improving work processes</p> Signup and view all the answers

    What aspect of an organization's environment does the improvement orientation primarily focus on?

    <p>Internal environment</p> Signup and view all the answers

    Which component of an organization's external environment is concerned with innovations?

    <p>Technological component</p> Signup and view all the answers

    What is the purpose of focusing on continuous improvement?

    <p>To maintain competitiveness</p> Signup and view all the answers

    What is the ultimate goal of the improvement orientation?

    <p>To continuously improve work processes</p> Signup and view all the answers

    What is the direction of the world economy?

    <p>More interdependent system</p> Signup and view all the answers

    What is the ultimate goal of the world economy?

    <p>To establish a one world economy</p> Signup and view all the answers

    What is happening to the world economy?

    <p>It is becoming more interdependent</p> Signup and view all the answers

    What is the trend in the world economy?

    <p>A shift towards globalization</p> Signup and view all the answers

    What is the world economy moving towards?

    <p>A more unified system</p> Signup and view all the answers

    What is the primary goal of the new institutions shaping global trade and politics?

    <p>To challenge Western dominance</p> Signup and view all the answers

    What is one of the challenges faced by the new institutions?

    <p>Internal differences</p> Signup and view all the answers

    What is the primary focus of the new institutions in terms of economic development?

    <p>Growth</p> Signup and view all the answers

    What is the impact of the new institutions on Western dominance?

    <p>It is challenged</p> Signup and view all the answers

    What is one of the consequences of the new institutions' focus on growth over sustainability?

    <p>Environmental degradation</p> Signup and view all the answers

    What is reward power based on?

    <p>The ability to provide positive reinforcement or rewards for desired behavior</p> Signup and view all the answers

    What type of behavior is rewarded through reward power?

    <p>Desired behavior</p> Signup and view all the answers

    What is the primary goal of using reward power?

    <p>To encourage desired behavior</p> Signup and view all the answers

    What is NOT a characteristic of reward power?

    <p>Punishing undesirable behavior</p> Signup and view all the answers

    What type of influence does reward power have on others' behavior?

    <p>Positive</p> Signup and view all the answers

    Study Notes

    Global Economy

    • The world economy is shifting towards a more interdependent system, leading to a unified global economy and banking system.

    Maslow's Hierarchy of Needs

    • The hierarchy includes five levels of needs:
      • Social needs/Love needs
      • Wealthy needs
      • Self-Actualization need
      • Safety & Security needs

    Memory and Learning

    • The tendency to remember recent information better than earlier information is known as the recency effect.

    Global Trade and Politics

    • New institutions are shaping global trade and politics, challenging Western dominance.
    • Challenges faced by these institutions include:
      • Internal differences
      • Slow progress
      • Focus on growth over sustainability

    Improvement Orientation

    • Organizational improvement involves continuously working on refining work processes.

    Organizational Environment

    • The technological component of an organization's external environment is concerned with scientific and industrial innovations.

    Power and Influence

    • Reward Power is based on the ability to provide positive reinforcement or rewards for desired behavior.

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    Related Documents

    MGT101 FINAL Exam 1st, 2023-2024 PDF

    Description

    This quiz explores the shift of the world economy towards interdependence and the movement towards a unified global economy and banking system.

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