Global business1 - The correct answer for each question is...

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1 CORRECT While workers in manufacturing industries are considered to be vulnerable to the negative effects of globalization, workers in service industries are relatively secure. A) True B) False 2 CORRECT The globalization of markets refers to the merging of historically distinct and separate national markets into one huge global marketplace. A) True B) False 3 CORRECT The globalization of production refers to the sourcing of goods and services from locations around the globe to take advantage of national differences in the cost and quality of factors of production. A) True B) False 4 INCORRECT The World Bank's primary responsibility is to maintain order in the international monetary system. A) True B) False 5 CORRECT International trade occurs when a firm exports goods or services to consumers in another country.
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A) True B) False 6 CORRECT Globalization has been blamed for A) unemployment in developed nations B) the preservation of national culture C) environmental protection regulations D) economic political isolation 7 CORRECT The two main components of globalization are: A) the globalization of markets and the globalization of production B) the globalization of production and the globalization of finance C) the standardization of technology and the globalization of markets D) the globalization of finance and the globalization of accounting 8 CORRECT A company that designs its product in one country, sources parts of the product in other countries, and assembles its product in still another country is A) capitalizing on the globalization of production B) capitalizing on the globalization of marketing
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Global business1 - The correct answer for each question is...

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