Consumers in the most advanced countries often shun globally standardized products that have been developed with the lowest common denominator in mind. A global is any name declared with file scope. Values Beliefs Mores Folkways 0. Question 40: Which of the following statements is false? When used in a financial context, it refers to emergence ofworldwide financial markets and better access to external financingfor borrowers. In more complex applications, the need for a global name is usually a sign of poor design.
This can be particularly true of agricultural products, which are often one of the main exports of poor and developing countries Koroma 2007. When two parties agree to exchange currency and execute the deal immediately, the transaction is a: point-in-time exchange. It has created new threats for businesses accustomed to dominating their domestic markets. Same has been true for us in India or for any other developing country. Click Close Window to close window.
The multinational corporation operates in a number of countries at low relative costs. In the 19th century, the Industrial Revolution led to even more trade of ever-increasing amounts of goods. Material culture is starting to look similar the world over. Which of the following is true of a common market? Then, the question arises - Why this opposition? Globalization has also led to the development of global commodity chains, where internationally integrated economic links connect workers and corporations for the purpose of manufacture and marketing Plahe 2005. Import quota Subsidy Ad valorem tariff Specific tariff 0.
It has created new threats for businesses accustomed to dominating their domestic markets. It is transforming industries and is highly welcomed by those who believed their jobs were protected from foreign competition. Question 23: The rate at which one currency is converted into another is the: replacement percentage. According to most economists it is a very beneficial process where gains outweigh the losses by a wide margin. Other globalization efforts, however, are more complex. Societies in ancient Greece and Rome traded with other societies in Africa, the Middle East, India, and China. There are accustomed differences in national preferences.
All barriers to the trade of goods and services among member countries are removed and each country maintains its own policy toward nonmember countries. Worlds Apart: Globalization and the Environment. The amount of value a firm creates is measured by the difference between its costs of production and the value that consumers perceive in its products. Barriers to cross border trade and investment promotes trade between nations. Human societies across the globe have established progressively closer contacts over many centuries, but recently the pace has dramatically increased. Firms make acquisitions because they believe they can increase the efficiency of the acquired unit by transferring capital, technology, or management skills. A feature that helps to identify, tell apart, or describe recognizably; a distinguishing mark or trait.
For instance, passing a local name to a function by non-constant reference is far more acceptable than allowing the function to modify a global name. Product reliability may be a more important attribute in most advanced countries. Technology drives the world toward a converging commonalty. Which of the following statements is false? Money, technology and raw materials move ever more swiftly across national borders. The first computers were lumbering away with piles of punched cards in the early postwar years, and telegrams provided the only rapid means of written communication. It involves the free flow of products and factors of production between member countries and adoption of individual external trade policies. Consumers in the most developed countries are often not willing to sacrifice their preferred attributes for lower prices.
The integral part of a logarithm as distinguished from the mantissa: The characteristic of the logarithm 6. Of course, it needed a reasonably peaceful world to induce economic agents to exploit the opportunities for globalization presented by technological progress. Question 17: Which of the following is not a reason why firms prefer to acquire existing assets rather than undertake greenfield investments? It has been blamed for unemployment in developed nations, environmental degradation and the Americanization of popular culture. Since the collapse of communism at the end of the 1980s, the erstwhile communist nations have transformed their economies by encouraging all of the following except: privatizing state-owned enterprises. It has been blamed for unemployment in developed nations, environmental degradation and the Americanization of popular culture. Characteristics of multinational corporations include the following: A large share of their capital is collected from a variety of different nations, their business is conducted without regard to national borders, they concentrate wealth in the hands of core nations and already wealthy individuals, and they play a key role in the global economy.
Internalization theory Internationalization theory Perfect markets theory Small markets theory Question 20: An agreement between countries in a geographic region to reduce tariff and nontariff barriers to the free flow of goods, services, and factors of production between each other is referred to as: regional economic integration. It would give a more specified picture of what is happening in each aspect of social life and to find out the impact globalization makes on our lives. Information systems Research and development Logistics Human relations 0. Many critics fear globalization gives too much power to multinational corporations and that political decisions are influenced by these major financial players. Some scholars have argued that globalization tends to provoke backlash at the community, local, regional and ethnic levels when the national government fails to resist or counter the invasion of globalization. This has helped in raising the standard of living for vast populations across the world. Multinational corporations manufacture products in many countries and sell to consumers around the world.
Forexample, a plant has the characteristics of being green in color,living, and having a stem. Question 1 Which of the following is not characteristic of globalization? The global corporation operates with resolute consistency at high relative costs. Consumers in the most developed countries are often not willing to sacrifice their preferred attributes for lower prices. Barriers to cross-border trade and investment are declining. Values Beliefs Mores Folkways 0.
Characterized by low growth, high debt, and hyperinflation. According to most economists it is a very beneficial process where gains outweigh the losses by a wide margin Which of the following is not an impediment that makes it difficult for firms to achieve the optimal dispersion of their productive activities to locations around the globe? The amount of value a firm creates is measured by the difference between its costs of production and the value that consumers perceive in its products. Identify the trade restriction being imposed by the United States. Market makers are: financial service companies that connect investors and borrowers. There has been a huge decrease in infectious diseases worldwide. Perceived distance is shrinking due to advances in transportation and telecommunications.