Author: Halski Villafuerte

Property of VOX INC. | OED TEAM

Subject:
BL-GE-6102-LEC-1923T THE CONTEMPORARY WORLD
Contemporary Prelim Exam Score: 29/30 96/100

Since joining the world body in 1956, this country has all along positioned cooperation with
the United Nations as a major pillar of its diplomacy. It has cooperated in UN activities in a
wide range of areas, making the second largest financial contributions among the member
States next only to the United States:

Select one:
a. China
b. Germany
c. Japan
d. France
Answer: Japan (sure)

KFC was founded by Colonel Harland Sanders, an entrepreneur who began selling fried
chicken from his roadside restaurant in Corbin, Kentucky during the Great Depression.
Sanders identified the potential of the restaurant franchising concept, and the first
"Kentucky Fried Chicken" franchise opened in Utah in 1952. By 1963, Sanders was fielding
franchise requests without having to put in the legwork, and had more than 600 restaurants
across the US and Canada selling Kentucky Fried Chicken. Years later, Kentucky Fried
Chicken would establish its own restaurants around the world, and the rest is history. The
success of KFC as a business is what attribute of global corporations?

Select one:
a. Turbo-charged by the internet
b. Carefully chosen international partners
c. Value opportunity to expand
d. Understand different cultures
Answer: Value opportunity to expand (sure)
According to Albert Subbloie, CEO and Founder of Tangoe, a good benchmark of whether
your company should continue efforts in a country is when _______ percent of your business
is coming from outside the United States.

Select one:
a. 20-50%
b. 60-90%
c. 10-20%
d. 50-60%
Answer: 20-50% (sure)

The work that deprives children of their childhood, their potential and their dignity, and that
is harmful to physical and mental development is called:

Select one:
a. Child protection
b. Child labor
c. Child marriage
d. Child development
Answer: Child labor (sure)

Which of the following statements is not true?

Select one:
a. Each International Financial Institution (IFI) has its own independent legal and operational
status, but because a considerable number of countries have membership in several IFIs, a
high level of cooperation is maintained among them.
b. The International Monetary Fund and World Bank are specialized agencies in the United
Nations system.
c. All International Financial Institutions admit only sovereign countries as owner-members,
but all are characterized by a broad country membership, including both borrowing
developing countries and developed donor countries.
d. Membership in the regional development banks is limited to countries from the region.
Answer: Membership in the regional development banks is limited to countries from the region. (sure)

Long before Airbnb persuaded strangers to sleep in one another's homes and became a $25
billion company, it was just an idea to make extra bucks and make rent. It started with an
email. Joe Gebbia sent his roommate, Brian Chesky, an idea: What if they made a designer's
bed and breakfast, complete with a sleeping mat and breakfast? It was a way to "make a few
bucks." Almost nine years later that idea is worth $25 billion. They created a simple site,
airbedandbreakfast.com, and bought three air mattresses. The duo had met at college at the
Rhode Island School of Design, so they thought acting as tour guides to designers would be
a fun way to make money. By 2011, four years after the first air mattress guests, Airbnb was
already in 89 countries and had hit 1 million nights booked on the platform. It also finally
won the break-out mobile app award at SXSW - despite having tried to launch there three
years earlier (Carson, 2016). What attribute of global corporations contributed to the
success of Airbnb?

Select one:
a. Carefully chosen international partners
b. Turbo-charged by the internet
c. Understand different cultures
d. Measure success
Answer: Turbo-charged by the internet (sure)

The five Multilateral Development Banks are composed of the following, except:

Select one:
a. Green Climate Fund
b. World Bank Group
c. European Bank for Reconstruction and Development
d. Asian Development Bank
Answer: Green Climate Fund (sure)

Which of the following statements is not true?

Select one:
a. Economic globalization is the independence of world economies as a result of the
growing scale of cross-border trade of commodities and services.
b. Economic globalization leads to the development of a "global marketplace" or "a single
world market".
c. A multinational company is a firm or company that has "headquarters" in one country but
with bases, manufacturing or assembly plants in other countries.
d. Economic globalization is enhanced by the acquisition of multinational enterprises that
resulted to the rise of the profits of that "global marketplace".
Answer: Economic globalization is the independence of world economies as a result of the growing scale
of cross-border trade of commodities and services. (sure)

Which of the following is not true about the attributes of global corporations?
Select one:
a. Companies should research and understand the different cultures they are tapping into in
order to be successful in not only building key relationships that will open up doors down
the road, but connecting with the right consumers as well.
b. Companies that invest in the internet and produce web-based products are more unlikely
to grow globally because there is more money involved in their international expansion.
c. High-growth companies view international markets as untapped markets full of potential.
d. Companies must be aware of different cultures and business practices among countries
in order to connect, be efficient, and stay on the same page.
Answer: Companies that invest in the internet and produce web-based products are more unlikely to
grow globally because there is more money involved in their international expansion. (sure)

Korean Pop music or more famously known as K-pop has become a truly global
phenomenon because of its distinctive blend of addictive melodies, slick choreography and
production values, and an endless parade of attractive South Korean performers who spend
years in grueling studio systems learning to sing and dance in synchronized perfection.
Aside from the music, K-pop has also influenced the global audience in terms of fashion,
movies, dramas, and cuisine. K-pop has been building for two decades, but K-pop in
particular has become increasingly visible to global audiences in the past five to 10 years.
South Korean artists have hit the Billboard Hot 100 chart at least eight times since the
Wonder Girls first cracked it in 2009 with their crossover hit "Nobody" - released in four
different languages, including English - and the export of K-pop has ballooned South
Korea's music industry to an impressive $5 billion industry. K-pop is what aspect of
globalization?

Select one:
a. Cultural
b. Political
c. National
d. Sociological
Answer: Cultural (sure)

Which of the following examples refers to historical factor influencing economic

globalization?

Select one:
a. Europeans traveled around the globe to barter crafts and furs in exchange for silks and
perfumes in the Middle Ages
b. Taco Bell opening its branches in different parts of the globe
c. Nike outsourcing its production in China, Thailand, South Korea, Vietnam, and India
d. The founding of the Association of Southeast Asian Nations (ASEAN)
Answer: Europeans traveled around the globe to barter crafts and furs in exchange for silks and
perfumes in the Middle Ages (sure)

A group of people who has the ultimate authority to act on behalf of a state is called:

Select one:
a. Corporation
b. Church
c. Government
d. Tribe
Answer: Government (sure)

This type of financing is provided by the Multilateral Development Banks to member

countries, mostly for technical assistance, advisory services, or project preparation:

Select one:
a. Long-term loans
b. Very-long-term loans
c. Personal loans
d. Grant financing
Answer: Grant Financing (sure)

This includes private economy, educational institutions, churches, hospitals, fraternal

organizations, and other non-profit organizations:

Select one:
a. Council of elders
b. Tribe
c. Civil society
d. Political party
Answer: Civil Society (sure)

These institutions provide financial support and professional advice for economic and social
development activities in developing countries and promote international economic
cooperation and stability:

Select one:
a. International Financial Institutions
b. International Criminal Court
c. International Criminal Police Organization
d. International Nongovernmental Organizations
Answer: International Financial Institutions (sure)

Which of the following examples does not refer to resources and markets as factors
affecting economic globalization

Select one:
a. The founding of the Association of Southeast Asian Nations (ASEAN)
b. The ancient Egyptians trading in the Red sea, importing spices from the "Land of Punt"
and from Arabia
c. Saudi Arabia's global oil export
d. Records from the 19th century BCE attest to the existence of an Assyrian merchant colony
at Kanesh in Cappadocia
Answer: The founding of the Association of Southeast Asian Nations (ASEAN) (sure)

This type of financing is provided by Multilateral Development Banks to member countries,

with maturities of up to 20 years, based on market interest rates. The financial resources for
these loans are obtained by borrowing on the international capital markets and re-lend to
borrowing governments in developing countries:

Select one:
a. Personal loans
b. Very-long-term loans
c. Grant financing
d. Long-term loans
Answer: Long-term loans (sure)

Many American companies are now transferring technology development, customer service,
financial and administrative jobs to international markets. India is the leading recipient of
the outsourcing of information technology functions like software development and
maintenance, and also BPOs. The latter includes back-office functions like accounting,
human resources, call centers and data analysis (DiCarlo, 2003). The practice of farming out
jobs from a home base to other countries, largely in an effort to cut costs is called:

Select one:
a. Outsourcing
b. Local employment
c. Freelancing wrong
d. Networking
Answer: Outsourcing (sure)

McDonald's marketing has different strategy in different regions. Even in Asia, the
advertising content for each country is different. For example, in Japan, most Japanese have
high preferences on animations and the animation in Japan is the fastest growing industry
as well. So McDonald's tends to use more animation elements for marketing and
advertising. It aims to attract more target customers, including kids, teenagers, and even
young adults. Many well-known cartoons were used in McDonald's advertisement
marketing that enhances the attractiveness and popularity of products. In Malaysia, the
Halal logo are indicated in all kinds of Halal food advertising. It also emphasizes on good
values with draw attentions of local customs. The customs in different areas presents
diversity. McDonald's also considered the local eating habits to practice the different
marketing strategies. For example, many Chinese people choose Chinese food for breakfast,
McDonald's launched a Chinese-style breakfast based on the eating habits (Li, 2016). What
attribute of global corporations does McDonald's practice?

Select one:
a. Turbo-charged by the internet
b. Carefully chosen international partners
c. Understand different cultures
d. Measure success
Answer: Understand different cultures (sure)

This type of financing is provided by the Multilateral Development Banks to member

countries, with maturities of 30 to 40 years, at interest rates well below market rates. These
are funded through direct contributions by governments in the donor countries:

Select one:
a. Very-long-term loans
b. Long-term loans
c. Personal loans
d. Grant financing
Answer: Very-long term loans (sure)

In January 1989, the UN Security Council passed a resolution to implement in April the
resolution to establish the UN Transition Assistance Group (UNTAG) and called for material
and personnel support from member countries. In November, a constitutional assembly
election was held under observation of the UNTAG. As a result, this country became
independent in March 1990 and joined the United Nations in April:

Select one:
a. Zimbabwe
b. Namibia
c. Singapore
d. Brazil
Answer: Namibia (sure)

Nike and Apple's "Nike+" is a co-branding collaboration which started as as a way to bring
music from Apple to Nike customers' workouts using the power of technology: Nike+iPod
created fitness trackers and sneakers and clothing that tracked activity while connecting
people to their tunes. It's a genius co-branding move that helps both parties provide a
better experience to customers - and with the popularity of fitness tracking technology,
Nike+ is ahead of the curve by making it easy for athletes to track while they play. What
attribute of global corporations do Nike and Apple employ?

Select one:
a. Carefully chosen international partners
b. Turbo charged by the internet
c. Value opportunity to expand
d. Understand different cultures
Answer: Carefully chosen international partners (sure)

Which of the following is not true about the history of global market integration?

Select one:
a. The high costs of and the risks associated with long voyages did not limit trade to a
relatively small set of commodities of high value relative to their weight and bulk.
b. The unification of commodities promoted trade and economic development.
c. International trade expanded because of new technologies in transportation and
communication.
d. Global market integration is almost as old as humanity.
Answer: The high costs of and the risks associated with long voyages did not limit trade to a relatively
small set of commodities of high value relative to their weight and bulk. (sure)

Which of the following examples refers to generation issues as factors influencing economic
globalization?
 Select one:
a. Establishment of the North Atlantic Treaty Organization (NATO)
b. Toyota factories and assembling plants in different parts of the globe
c. The silk route or silk road
d. USA outsourcing IT professionals in India
Answer: Toyota factories and assembling plants in different parts of the globe (sure)
The 2016 Global Estimates of Child Labour indicate that one-fifth of all African children are
involved in child labour, a proportion more than twice as high as in any other region. Nine
per cent of African children are in hazardous work, again highest of all the world's regions.
Africa has the largest number of child labourers; 72.1 million African children are estimated
to be in child labour and 31.5 million in hazardous work (International Labour Organization,
2017). The statement means that:

Select one:
a. Child labor helps businesses reduce the cost of production.
b. Child labor grooms children to become industrious and independent.
c. Child labor reduces labor shortage.
d. Child labor deprives children of their childhood.
Answer: Child labor deprives children of their childhood. (sure)
Among the eight Millennium Development Goals created by the United Nations in the
1990's, which ranked first?

Select one:
a. Eradicate extreme poverty and hunger
b. Ensure environmental sustainability
c. Promote gender equality and empower women
d. Combat HIV/AIDS, malaria and other diseases
Answer: Eradicate extreme poverty and hunger (sure)

Britain, France, Germany, Russia, Netherlands, Japan, and the United States colonized
countries and spread their empires. These nations have created global economic, political,
cultural, and social connections around the world. The extending of a country's power and
influence is called:

Select one:
a. Imperialism
b. Interactionism
 c. Fascism
d. Communism
Answer: Imperialism (sure)
What is the timeframe over which a product is created, passed on to exhibit, and over the
long run removed from the world market?

Select one:
a. Degeneration period
b. Product improvement
c. Market revolution
d. Item life cycle
Answer: Item life cycle (sure)
The UN Convention on the Rights of the Child is a comprehensive, internationally binding
agreement on the rights of children, a human rights treaty which sets out the civil, political,
economic, social, health and cultural rights of children. When was the treaty adopted by the
United Nations?

Select one:
a. UN General Assembly 1989
b. UN General Assembly 1990
c. UN General Assembly 1991
d. UN General Assembly 1988
Social media has become a ubiquitous part of daily life, but this growth and evolution has
been in the works since the late 70s. From primitive days of newsgroups, listservs and the
introduction of early chat rooms, social media has changed the way we communicate,
gather and share information, and given rise to a connected global society (Morrison, 2015).
This evolution of social media is what aspect of globalization?

Select one:
a. Cultural
b. Sociological
c. Economic
d. Political
Answer: Sociological (sure)
Philip Morris International is an American cigarette and tobacco company which sells its
products in 180 countries outside the United States. In the Forbes Global 2000 List, it
grabbed the top spot with foreign revenue unsurprisingly accounting for 100 percent of
 total revenue, considering that it sells its products exclusively overseas. What attribute of
global corporations does Philip Morris International employ?

Select one:
a. Understand different cultures
b. Carefully chosen international partners
c. Turbo-charged by the internet
d. Measure success
Answer: Measure Success (sure)
When did the UN Security Council decided on comprehensive and mandatory sanctions, for
the first time in the past 22 years against Iraq's invasion of Kuwait?

Select one:
a. July 1990
b. May 1990
c. June 1990
d. August 1990
Answer: August 1990 (sure)
With around 20,000 stores in 63 countries, Starbucks, the world's most popular coffee house
has made its mark from Brazil to China, where many thought it would fail to take off due to
the cultural importance of tea drinking. The company has gone to great lengths to make
sure that every Starbucks feels like a local coffee house, without losing brand consistency.
For example, in China, a regional dislike for coffee was combatted with coffee-free drinks,
whilst stores in Asia feature more adaptable seating arrangements to cater for larger
groups. This effort is what attribute of a global corporation?

Select one:
a. Carefully chosen international partners
b. Measure success
c. Understand different cultures
d. Turbo-charged by the internet
Answer: Understand different cultures (sure)
The United Nations came into being in 1945, following the devastation of the Second World
War, with one central mission: the maintenance of international peace and security. The
United Nations is responsible for maintaining ceasefires and stabilizing situations on the
ground, providing crucial support for political efforts to resolve conflict by peaceful means.
Those missions consisted of unarmed military observers and lightly armed troops with
 primarily monitoring, reporting and confidence-building roles. Which unit of the United
Nations is responsible for these efforts?

Select one:
a. Economic and Social Council
b. Security Council
c. Trusteeship Council
d. Secretariat
Answer: Security Council (sure)
Conflicts in Central America made major progress toward a peaceful settlement, thanks to
an active role played by the United Nations. A general election was held on February 25,
1990. What was the name of the committee established by UN in response to a request by
Central American countries, which started its activity to ensure the dissolution and
repatriation of the anti-government guerrillas?

Select one:
a. Committee on the Administration of Justice at the United Nations
b. Committee on International Assistance and Verification
c. Committee on the Peaceful Uses of Outer Space
d. Committee on Contributions
Answer: Committee on International Assistance and Verification (sure)
The United Nations came into being in 1945, following the devastation of the Second World
War, with one central mission: the maintenance of international peace and security. The UN
does this by working to prevent conflict; helping parties in conflict make peace;
peacekeeping; and creating the conditions to allow peace to hold and flourish. What aspect
of globalization deals with the establishment of UN in order to maintain international peace
and security?

Select one:
a. Economic
b. Sociological
c. Cultural
d. Political
Answer: Economic (sure)
The European Union grew out of a desire for peace in a war-torn and divided continent. Five
years after World War II ended, France and Germany came up with a plan to ensure their
two countries would never go to war against each other again. The result was a deal signed
 by six nations to pool their coal and steel resources in 1950. Seven years later a treaty
signed in Rome created the European Economic Community (EEC) - the foundations of
today's European Union. The UK was one of three new members to join in the first wave of
expansion in 1973. Today the EU has 28 member states with a total population of more than
500 million (bbc.com). The founding of the European Union is influenced by what aspect of
globalization?

Select one:
a. Imperial
b. Political
c. Cultural
d. Sociological
Answer: Political (sure)
The level of riches, comfort, material merchandise, cash and necessities accessible to a
specific financial class in a specific region is called:

Select one:
a. Social stratum
b. Way of life
c. Poverty line
d. Personal satisfaction
Answer: Way of life (sure)

The level of personal or family income below which one is classified as poor according to
governmental standards:

Select one:
a. Lifestyle reference
b. Social Class
c. Poverty line
d. Income matrix
Answer: Poverty line (sure)

The United Nations defines _____ as a condition characterized by severe deprivation of basic
human needs including food, safe drinking water, sanitation facilities, health, shelter,
education and information.

Select one:
a. Information loss
 b. Extreme poverty
c. Human rights violation
d. Mortality rate
Answer: Extreme Poverty (sure)

Which of the following statements is true about the effects of globalization?

Select one:
a. Globalization creates a more level playing field between nations and businesses.
b. Globalization has influenced the standard of life and personal satisfaction of people and
families throughout the world.
c. Globalization promotes interconnection among diverse national economies.
d. All of the choices.
Answer: All of the choices (sure)

The term international financial institution typically refers to the International Monetary
Fund, the World Bank Group, the African Development Bank, the Asian Development Bank,
the Inter-American Development Bank, and the European Bank for Reconstruction and
Development. The last five banks are considered MDBs. What does MDBs stand for?

Select one:
a. Multilateral Development Banks
b. Multifunctional Development Banks
c. Multilingual Development Banks
d. Multicultural Development Banks
Answer: Multilateral Development Banks (sure)

An ideology that is similarly geared towards a decrease of international barriers but with the
aim of the economic betterment of the planet in mind, not the perpetuation of power and
privilege in the hands of the western dominated economies:

Select one:
a. Localization
b. Privatization
c. Isolation
d. Internationalism
Answer: Internationalism (sure)
In his book, The Modern World System, American sociologist Immanuel Wallerstein
described high-income nations as the ____ of the world economy.

Select one:
a. Periphery
b. Margin
c. Semi-periphery
d. Core
Answer: Core (sure)

Economic globalization is the increasing economic interdependence of national economies

across the world through a rapid increase in cross-border movement of goods, service,
technology, and capital. Some sociologists, like William I. Robinson has argued that because
a capitalist economy is premised on growth and expansion, a globalized economy is the
inevitable result of ________________.

Select one:
a. Capitalism
b. Socialism
c. Communism
d. Interactionism
Answer: Capitalism (sure)

The decision, the conflict, and the resolution of that conflict are done through the ______ of
the government established and codified in that particular state, whether or not through
elections:

Select one:
a. Treaty wrong
b. Pact wrong
c. Understanding wrong
d. Institution
Answer: Institution (sure)

Which of the following examples refers to political factor influencing economic

globalization?

Select one:
a. The founding of the World Trade Organization (WTO)
b. IBM currently employs more workers in India than it does in the United States
c. Wal-Mart benefits greatly from having the vast majority of its goods manufactured in
China.
d. The Lydians introducing the coins in the western world in 700 BC
Answer: The founding of the World Trade Organization (WTO) (sure)

Based on the Modern World System of Immanuel Wallerstein, which of the following
statements is incorrect?

Select one:
a. High-income nations are considered "core" of the world economy.
b. Poor countries lack industrial capacity that's why they need to import expensive goods
from rich nations.
c. The periphery is economically dependent on the core.
d. The semi-periphery of the world economy is the manufacturing base of the planet.
Answer: The semi-periphery of the world economy is the manufacturing base of the planet. (sure)

One of the traditional challenges of a country is an invasion of other countries, which is also
called:

Select one:
a. Military unrest
b. Civil war
c. External intervention
d. Social conflict
Answer: External intervention (sure)

The following statements are correct about globalization except for the following:

Select one:
a. Globalization is a recent phenomenon which traces its origin in the Information Age and
thrived because of the presence of social media and new technologies.
b. Globalization is the free movement of goods, services and people across the world in a
seamless and integrated manner.
c. Globalization represents the global integration of international trade, investment,
information technology and cultures.
d. Globalization is a process of interaction and integration among the people, companies,
and governments of different nations, a process driven by international trade and
investment and aided by information technology.
Answer: Globalization is a recent phenomenon which traces its origin in the Information Age and thrived
because of the presence of social media and new technologies (sure)