The Globalization Quiz
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Questions and Answers

Which of the following best describes the difference between globalization and internationalization?

  • Globalization is associated with greater risk, while internationalization is associated with the reshoring of human capital.
  • Globalization is more about inter-connectivity, while internationalization is a macroeconomic phenomenon. (correct)
  • Globalization focuses on the dispersion of production activities worldwide, while internationalization focuses on the convergence of buyer preferences.
  • Globalization is a macroeconomic phenomenon, while internationalization is more about inter-connectivity.

    • What is the main driver behind the globalization of markets?

  • The reshoring of human capital.
  • The dispersion of production activities worldwide.
  • The development of sophisticated global financial systems.
  • The unprecedented growth of international trade. (correct)

    • Which of the following is NOT a benefit of globalization?

  • Greater collaboration among nations through multilateral regulatory agencies.
  • The cross-border flow of products, money, technology, and knowledge.
  • The convergence of buyer preferences in markets around the world.
  • Reduced marketing costs due to the need to adjust to local markets. (correct)

    • What does the globalization of production activities aim to achieve?

    <p>Minimize costs or maximize quality.</p> Signup and view all the answers

    Which of the following is NOT a factor contributing to the changing nature of international business?

    <p>The reshoring of human capital.</p> Signup and view all the answers

    Which of the following is a factor contributing to the changing nature of international manager's jobs?

    <p>Lowering of cultural barriers</p> Signup and view all the answers

    What is the term used to describe the integration of systems, processes, and organizations in electronic business?

    <p>E-business</p> Signup and view all the answers

    What is the main driver behind the globalization of human capital?

    <p>Falling barriers to trade and investment</p> Signup and view all the answers

    What is the term used to describe the dispersion of technology around the world by multinational enterprises?

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

    Which of the following is NOT a technology that has contributed to the globalization of business?

    <p>Regional trade agreement</p> Signup and view all the answers

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