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Question
Two major forces that underlie the expansion of globalization are falling barriers to trade and investment, and ________.A) elevation of nationalism
B) rise of closed economies
C) political stagnation
D) technological innovation
Answer
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Which of the following statements is true of developing countries that have embraced globalization?
A) The countries have experienced an increase in life expectancy.
B) As a result of extensive commercialism, there has been a decline in personal income.
C) Relying upon developed countries for technology has rendered their talent pool stagnant.
D) Their rich cultural diversity hasn't been affected by exposure to new cultures.
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According to the opponents of globalization, which of the following occurs as a result of worker dislocation brought about by globalization?
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B) lower workers' wages in developed nations
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Incentives and rewards for individual business initiatives are an important aspect of collectivist cultures.
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B) The government considers banking sector as important to national security.
C) The country has never experienced threats against its long-term stability.
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A) indirect
B) central
C) subcapital
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According to Hofstede's framework, a culture that scores low on ________ can change more rapidly because tradition and commitment are not impediments to change.A) masculinityB) individualismC) long-term orientationD) risk-taking
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According to Hofstede's framework, a culture with ________ values security and places its faith in strong systems of rules and procedures in society.
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A) feminity
B) individualism
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Which of the following terms refers to the technology used in a culture to manufacture goods and provide services?
A) vernacular culture
B) popular culture
C) trash culture
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Describe brain drain and its impact on an economy. What is reverse brain drain?
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Lingua franca is ________.
A) a language spoken by all countries in a continent
B) a form of non-verbal language adopted by all nations as the official language for business transactions
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A) racial segregation
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B) a person's position in society depends upon his educational qualifications and achievements
C) people are born into a social ranking, with no opportunity for social mobility
D) people join highly exclusive associations that encourage external interaction
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A) trash culture
B) traditions
C) popular customs
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A culture's values tend to become more flexible over time.
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________ facilitate(s) the process of cultural imperialism.
A) Strict product liability laws
B) Relaxed trade and investment barriers
C) Technological stagnation
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Which of the following terms is used to refer to habits or ways of behaving in specific circumstances that are passed down through generations?
A) customs
B) attitudes
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A) developed market
B) traditional market
C) emerging market
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Which of the following refers to convergence in buyer preferences in markets around the world?
A) heterogenization of markets
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C) segmentation of markets
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