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Questions and Answers
Which of the following best defines globalization?
Which of the following best defines globalization?
- 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.
- The interconnectedness of people and business across the world that eventually lead to global, cultural, political, and economic integration.
- The free movement of goods, services, and people across the world in a seamless and integrated manner.
Which of the following is NOT a characteristic of globalization?
Which of the following is NOT a characteristic of globalization?
- Common pool of resources such as money, credit, information, patents, trade names and control system.
- Response to a common strategy.
- Highly diverse human resources.
- Conglomerate of various multiple units linked by common ownership. (correct)
What is the main purpose of globalization?
What is the main purpose of globalization?
- To promote the free movement of goods, services, and people across the world.
- To achieve global, cultural, political, and economic integration. (correct)
- To increase the interaction of people, states, or countries.
- To facilitate easy movement and communication for conducting international business.
Which of the following best describes the metaphor of globalization as 'solidity'?
Which of the following best describes the metaphor of globalization as 'solidity'?
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What does globalization involve in terms of resources?
What does globalization involve in terms of resources?
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