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Chapter 06 - The Challenges of Globalization Chapter 06 The Challenges of Globalization True / False Questions 1. Globalization directly and indirectly influences the politics, environment, geopolitics, and economics of virtually every country in the world. True False 2. Although many firms conduct business across national boundaries, most global commerce is carried out by a small number of powerful firms. True False 3. Global commerce has taken place for hundreds of years, dating back to the 15 th century. True False 4. The World Bank makes currency exchange easier for member countries so that they can participate in global trade. True False 5. The World Trade Organization is based in the United States. True False 6. The World Trade Organization conducts negotiations, called "cycles," on various topics, rotating its meetings among different cities. True False 7. Under the World Trade Organization's most favored nation rule, member countries may not discriminate against foreign products for any reason. True False 6-1 Chapter 06 - The Challenges of Globalization 8. Globalization is accepted worldwide and creates little controversy. True False 9. Productivity rises more quickly when countries produce goods and services for which they have a natural talent. True False 10. Only manufacturing jobs are being lost through globalization. True False 11. Critics of globalization support the spread of American ideals and culture throughout the rest of the world. True False 12. Most nations in the world share similar political, social and economic beliefs. True False 13. At the beginning of the 20 th century, no country in the world had universal suffrage. True False 14. Even as the world has become freer politically and economically, inequality has grown. True False 15. The term sector refers to broad divisions of a whole. True False 6-2 Chapter 06 - The Challenges of Globalization Multiple Choice Questions 16. Global market channels involve a firm producing goods in: A. Their home country and exporting them to other countries. B. Their home country to sell at home. C. A foreign country to sell at home. D. A foreign country to sell abroad. 17. A firm that has global operations has: A. All of their manufacturing and service operations abroad. B. Some or all of their manufacturing or service operations abroad. C. Manufacturing but not service operations abroad. D. Service but not manufacturing operations abroad. 18. A firm that would like to develop a global supply chain would: A. Manufacture components or supplies in other countries. B. Sell raw materials, components or supplies produced at home abroad. C. Purchase raw materials, components, or supplies from sellers in other countries.... View Full Document

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