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?
- Carefully chosen international partners

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?
-  Political

Which of the following is not true about the attributes of global corporations?
-  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.

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

The five Multilateral Development Banks are composed of the following, except:
- Green Climate Fund

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:
- . Institution

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

Which of the following examples refers to historical factor influencing economic

globalization?
-  Europeans traveled around the globe to barter crafts and furs in exchange for silks
and perfumes in the Middle Ages

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

economic globalization?
-  USA outsourcing IT professionals in India

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?
- Cultural

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?
- Sociological

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

is also called:
- External intervention

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

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

-  All of the choices.

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:
- Japan

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?
- Value opportunity to expand

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

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?
- Security Council

Among the eight Millennium Development Goals created by the United Nations in
the 1990's, which ranked first?
- Eradicate extreme poverty and hunger

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?
-  Committee on International Assistance and Verification

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:
- . Namibia

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?
- Multilateral Development Banks

Which of the following statements is not true?

-  Economic globalization is the independence of world economies as a result of the
growing scale of cross-border trade of commodities and services.

Which of the following examples refers to political factor influencing economic

globalization?
-  The founding of the World Trade Organization (WTO)

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:
- Grant financing

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?
- UN General Assembly 1989

Which of the following examples does not refer to resources and markets as factors
affecting economic globalization
- The founding of the Association of Southeast Asian Nations (ASEAN)

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.
- 20-50%

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:
- Outsourcing

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?
-  Turbo-charged by the internet