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Questions and Answers
Which of the following best defines globalisation?
Which of the following best defines globalisation?
- The exchange of ideas and values within a single culture
- The increase in the flow of goods, services, capital, people, and ideas across international boundaries (correct)
- The spread of products and jobs within a single country
- The interdependence of nations fostered through free trade
What are some factors that contribute to the interconnectedness of countries?
What are some factors that contribute to the interconnectedness of countries?
- Decreased outsourcing and international supply chains
- Increased air travel and international trade agreements (correct)
- Decreased communication technology innovations and public policy changes
- Limited access to the Internet and containerised sea shipping
In what ways does globalisation impact businesses?
In what ways does globalisation impact businesses?
- Businesses benefit from international supply chains and the ability to outsource (correct)
- Businesses face barriers to international trade
- Businesses are limited in their ability to outsource and conduct free trade
- Businesses are not affected by globalisation
What are some aspects of globalisation as a social phenomenon?
What are some aspects of globalisation as a social phenomenon?
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What are some aspects of globalisation as a cultural phenomenon?
What are some aspects of globalisation as a cultural phenomenon?
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