Understanding Globalization and Global Economy Quiz
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Questions and Answers

What is the main focus of global corporations?

  • Minimizing revenue generation
  • Avoiding foreign investments
  • Leveraging the global environment to approach varying markets (correct)
  • Operating in one country only
  • When was the term 'Globalize' first used as a noun?

  • 1930 (correct)
  • 1897
  • 2013
  • Late 1970s
  • Who popularized the term 'Globalization' in the late 1980s?

  • Theodore Levitt (correct)
  • IMF
  • Michael Porter
  • Charles Taze Russel
  • Which aspect is NOT a characteristic of globalization?

    <p>Stagnation of interactions</p> Signup and view all the answers

    What do International Financial Institutions (IFI) refer to?

    <p>Institutions chartered by multiple countries</p> Signup and view all the answers

    Which publication first used 'Globalization' to define a 'borderless society'?

    <p>'Towards new education' in 2013</p> Signup and view all the answers

    What term did Charles Taze Russel coin in 1897, referring to large national trusts and other large enterprises of the time?

    <p>Corporate Giants</p> Signup and view all the answers

    According to Michael Porter, how does he define global businesses?

    <p>Businesses with a strong headquarters in one country and investments in multiple foreign locations</p> Signup and view all the answers

    When did the word 'Globalize' first appear as a noun in a publication?

    <p>1930s</p> Signup and view all the answers

    What did the IMF identify as the four basic aspects of globalization in the late 2000s?

    <p>Spread of ideas, knowledge, technology, culture</p> Signup and view all the answers

    What does market integration indicate according to the text?

    <p>How different markets are interconnected</p> Signup and view all the answers

    What is the main characteristic of globalization that involves borderless interaction?

    <p>'Interdependence of countries' in various aspects</p> Signup and view all the answers

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