10/19/23, 2:04 AM Prelim Exam: Attempt review

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Started on Thursday, 19 October 2023, 12:59 AM

State Finished
Completed on Thursday, 19 October 2023, 1:51 AM
Time taken 51 mins 27 secs
Marks 29.00/30.00
Grade 96.67 out of 100.00

Question 1
Correct

Mark 1.00 out of 1.00

Which of the following statements is not true?

Select one:
a. Economic globalization is enhanced by the acquisition of multinational enterprises that resulted to the rise of the profits of
that "global marketplace".
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 the independence of world economies as a result of the growing scale of cross-border trade of 
commodities and services.

Question 2
Incorrect

Mark 0.00 out of 1.00

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. Carefully chosen international partners 
b. Turbo-charged by the internet
c. Measure success
d. Understand different cultures

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Question 3

Correct

Mark 1.00 out of 1.00

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. Pact
b. Treaty
c. Understanding
d. Institution

Question 4
Correct

Mark 1.00 out of 1.00

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. Communism
b. Imperialism
c. Interactionism
d. Fascism

Question 5

Correct

Mark 1.00 out of 1.00

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. Personal loans
c. Long-term loans
d. Grant financing

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Question 6

Correct

Mark 1.00 out of 1.00

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

Select one:
a. Social Class
b. Income matrix
c. Poverty line
d. Lifestyle reference

Question 7
Correct

Mark 1.00 out of 1.00

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

Select one:
a. Civil war
b. External intervention
c. Military unrest
d. Social conflict

Question 8
Correct

Mark 1.00 out of 1.00

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 marriage
b. Child protection
c. Child labor
d. Child development

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Question 9

Correct

Mark 1.00 out of 1.00

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. Sociological
b. Imperial
c. Political
d. Cultural

Question 10
Correct

Mark 1.00 out of 1.00

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. Long-term loans
c. Very-long-term loans
d. Grant financing

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Question 11

Correct

Mark 1.00 out of 1.00

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. National
c. Sociological
d. Political

Question 12
Correct

Mark 1.00 out of 1.00

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 promotes interconnection among diverse national economies.
c. All of the choices.
d. Globalization has influenced the standard of life and personal satisfaction of people and families throughout the world.

Question 13
Correct

Mark 1.00 out of 1.00

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. Internationalism
b. Privatization
c. Localization
d. Isolation

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Question 14

Correct

Mark 1.00 out of 1.00

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. Local employment
b. Outsourcing
c. Networking
d. Freelancing

Question 15
Correct

Mark 1.00 out of 1.00

Which of the following examples refers to generation issues as factors influencing economic globalization?

Select one:
a. The silk route or silk road
b. Toyota factories and assembling plants in different parts of the globe
c. USA outsourcing IT professionals in India
d. Establishment of the North Atlantic Treaty Organization (NATO)

Question 16

Correct

Mark 1.00 out of 1.00

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. 60-90%
b. 50-60%
c. 20-50%
d. 10-20%

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Question 17

Correct

Mark 1.00 out of 1.00

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. Sociological
b. Cultural
c. Economic
d. Political

Question 18
Correct

Mark 1.00 out of 1.00

Which of the following statements is not true?

Select one:
a. Membership in the regional development banks is limited to countries from the region.
b. 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.
c. The International Monetary Fund and World Bank are specialized agencies in the United Nations system.
d. 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.

Question 19
Correct

Mark 1.00 out of 1.00

In his book, The Modern World System, American sociologist Immanuel Wallerstein described high-income nations as the ____ of the
world economy.

Select one:
a. Core
b. Semi-periphery
c. Margin
d. Periphery

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Question 20

Correct

Mark 1.00 out of 1.00

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. Mortality rate
b. Extreme poverty
c. Human rights violation
d. Information loss

Question 21
Correct

Mark 1.00 out of 1.00

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. Carefully chosen international partners
b. Turbo-charged by the internet
c. Understand different cultures
d. Measure success

Question 22
Correct

Mark 1.00 out of 1.00

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. Multilingual Development Banks
b. Multicultural Development Banks
c. Multifunctional Development Banks
d. Multilateral Development Banks

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Question 23

Correct

Mark 1.00 out of 1.00

Which of the following examples refers to historical factor influencing economic globalization?

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

Question 24
Correct

Mark 1.00 out of 1.00

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. Brazil
b. Namibia
c. Zimbabwe
d. Singapore

Question 25

Correct

Mark 1.00 out of 1.00

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. Global market integration is almost as old as humanity.
c. International trade expanded because of new technologies in transportation and communication.
d. The unification of commodities promoted trade and economic development.

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Question 26

Correct

Mark 1.00 out of 1.00

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. Personal satisfaction
b. Poverty line
c. Way of life
d. Social stratum

Question 27
Correct

Mark 1.00 out of 1.00

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 semi-periphery of the world economy is the manufacturing base of the planet.
d. The periphery is economically dependent on the core.

Question 28
Correct

Mark 1.00 out of 1.00

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. High-growth companies view international markets as untapped markets full of potential.
c. 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.
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.

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Question 29

Correct

Mark 1.00 out of 1.00

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. Political
b. Cultural
c. Economic
d. Sociological

Question 30
Correct

Mark 1.00 out of 1.00

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 Peaceful Uses of Outer Space
b. Committee on International Assistance and Verification
c. Committee on the Administration of Justice at the United Nations
d. Committee on Contributions

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