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 (A)</p> Signup and view all the answers

What do International Financial Institutions (IFI) refer to?

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

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

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

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

<p>1930s (C)</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 (D)</p> Signup and view all the answers

What does market integration indicate according to the text?

<p>How different markets are interconnected (B)</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 (C)</p> Signup and view all the answers

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