This is a term used to denote the moving out of UK as member of the European Union

in the middle of 2016.

Select one:

a.
RESIGNATION

b.
RELIEVED

c.
BREXIT

d.
FREE EXIT

According to this author, the phenomenon of globalization consists of three

interrelated factors namely: proximity, location and attitude.

Select one:

a.
Ricardo

b.
Steger

c.
Friedman

d.
Stoner
It is an economic system which stems on the principle that “no pure market or
command allocation among the world’s economies.”

Select one:

a.
Socio-Cultural allocation

b.
Mixed allocation

c.
Command allocation

d.
Socialism

Balance between individuals and nation states means that globalization had given
every individual the freedom to move to choose what is beneficial without
intimidation provided laws and policies are not violated.

Select one:

a.
True

b.
False
This is conceptualized as the totality of authorities which rule a society by prescribing
and carrying out fundamental rules, and regulating the freedom of its members.

Select one:

a.
Regional Court

b.
Executive

c.
Municipal Court

d.
Government

How did Manfred Steger describe the concept of globalization?

Select one:

a.
It consists primarily of three interrelated factors namely: proximity, location and
attitude.

b.
it is the expansion and intensification of social relations and consciousness across
world-time and world space.

c.
It is the recognition by organizations that business must have global focus than local.

d.
It is taken primarily as an economic process.
In the context of economics, globalization is defined as the recognition by
organizations that business must have a global, not local focus.

Select one:

a.
True

b.
False

It is considered as the fundamental cause of political risk between the residents’

aspirations and the real conditions at a given time.

Select one:

a.
Pandemic

b.
Disaster

c.
Calamity

d.
Tension
It is defined as aggregation of people in the form of an organized society, speaking in
the same language, practicing the same customs, same origin and characteristics.

Select one:

a.
Pluralism

b.
State

c.
Nation-state

d.
Nation

It is formed when two or more countries agree to abolish all internal barriers to trade
among themselves.

Select one:

a.
OPEC

b.
FTA

c.
GATT

d.
NAFTA
It is the process which inputs are combined and transformed into output.

Select one:

a.
Profit

b.
Consumption

c.
Production

d.
Marketing

Koran is a comprehensive code governing Muslim conduct in all areas of life,

including business.

Select one:

a.
True

b.
False
This is dimension of globalization which measures the diffusion of government
policies in terms of the number of embassies and consulates.

Select one:

a.
Political Globalization measure

b.
Social Globalization measure

c.
Economic Globalization measure

d.
Cultural Globalization measure

Porter concluded that, both government and business need to place a higher priority
international competitiveness.

Select one:

a.
True

b.
False

Social Differentiation is a condition in which people have unequal access to wealth,

power and prestige.

Select one:

a.
False

b.
True
Social Globalization measures the spread of ideas, information, images and people.

Select one:

a.
True

b.
False

Tension is the fundamental cause of political risk between the residents’ aspirations,
goals and real conditions at a given time.

Select one:

a.
False

b.
True

The phenomenon of globalization according to Stoner, consists of three interrelated

factors namely: location, attitude and communication.

Select one:

a.
True

b.
False
The Philippines is ranked 46th in the 2010 Index of Economic Freedom.

Select one:

a.
True

b.
False

The term economic globalization is sometimes referring to the movement of people

and knowledge across international borders.

Select one:

a.
True

b.
False
This implies that, the more you let market forces rule and the more you open your
economy to free trade and competition, the more efficient your economy will be.

Select one:

a.
International Trade

b.
Laisses Faire

c.
Free Market Capitalism

d.
Economic Capitalism

Which is TRUE about the State?

Select one:

a.
It has 5 essential elements which includes the laws

b.
none of the options

c.
It is a political concept

d.
It is the highest expression of the social act of men to promote their common
welfare.
Which of the following countries does NOT belong to the core nations of the global
North?

Select one:

a.
Brazil

b.
Australia

c.
Scandinavia

d.
Sweden

Which of the following describes global competitiveness?

Select one:

a.
It has become a prominent business government concern in the era of global
business as a contest among nations.

b.
There are finite numbers of places to sit, and some are desirable than others.

c.
all of the options

d.
It is an idea that applies in a number of settings
Which of the following Is NOT a GATT principle?

Select one:

a.
none of the options

b.
the increase of tariffs by multi-lateral negotiation

c.
elimination of import quotas

d.
equal, non-discriminatory trade treatment for all member nations

Which of the following is NOT a remarkable change in today’s world economy?

Select one:

a.
The consumption continues to increase even if employment in manufacturing had
declined.

b.
Top priority for government and business has been their respective competitive
positions in the world.

c.
It is because of the increased volume of capital investment.

d.
It is end of the Cold War.
Which of the following does NOT belong to the six (6) core claims of Market
Globalism?

Select one:

a.
Globalization is inevitable and irreversible

b.
Globalization is primarily a political process.

c.
Globalization benefits everyone

d.
Nobody is in charge of Globalization

Which of the following is regarded as one of the common international trade

barriers?

Select one:

a.
all of the options

b.
tariffs

c.
export subsidies

d.
quotas
Which of the following is considered as one of the manifestations of the
characteristics of the global South?

Select one:

a.
all of the options

b.
social inequality

c.
lesser per capita income

d.
unequal access to wealth, power and prestige

Which of these refers to an economic system where the role of the state is to
promote competition and ensure consumer protection.

Select one:

a.
Command Allocation

b.
Market Allocation

c.
none of the options

d.
Mixed Allocation

,,,