Interface Computer College 6.
Deregulation refers to the way in which policies
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PRELIM EXAM
Code: GE105
Subject: The Contemporary World
Test II. Identification
Instructions: Write (G) if the statement discuss
about globalization and F if not.
1. The growth to a global or worldwide scale.
2. When a process refers to the expansion of firms
by consolidating additional marketing functions and
activities under a single management.
3. To shows the relationship of firms in a market.
4. Compression of time and space
5. Worldwide undeveloped of social and economic
relationships.
6. Widening, deepening, and speeding up of
worldwide interconnections in all aspects of
contemporary social life.
7. Occurs when a firm performs more than one
activity in the sequence of marketing process.
8. The process by which new multilateral
institutions and rules, especially those involved in
economic activity grow in number and authority.
9. A anti-social change, an decrease in connections
among societies and their elements.
10. The process of increasing integration in world
civilization.
Test II. Modified True or False
Instructions:Write (T) if the statement is true and if
false, correct the underlined word. Write your
answers on the booklet. (2pts)
1. The Philippines takes part in the process of
globalization during the signing agreement with the
World Trade Organization in 1995.
2. One sign of globalization is the spreading of
multiculturalism and better individual access in
cultural diversity.
3. The decrease of international trade at a faster rate
than the growth in the world economy is a sign of
globalization
4. The means of global economy is production.
5. Liberalization refers to the ownership of former
public sectors operation and firms by private
corporations and enterprises.
facilitate transactions.
7. Vertical Integration is linking together two or
more functions in the marketing.
8. Backward Integration takes activities close to the
consumption function.
9. Conglomeration is when the marketing agencies
combine to form a union to reduce their effective
number and the extent of actual competition in the
market.
10. Horizontal Integration is the combination of
agencies or activities not directly related to each
other may operate under a unified management.
Test III. Fill in the blanks
Instructions: Read the questions carefully. The
questions give analogy to the
disadvantages/advantages of globalization and the
meaning. Write the answer on the booklet.
Advantages:
1. _______- generation of numerous labor force
opportunities to develop the country.
2. Education - __________________________
3. _______ - enhanced so retain customers
satisfaction.
4. _______- every single information is easily
accessible from almost every corner of the world.
5. Transportation - ____________________
Disadvantages:
6. Health issues- ______________________
7. _______- with large number of people moving
into and out of a country, the culture takes a
backseat.
8. _______- give rise to terrorism and other forms of
violence.
9. Uneven Wealth Distribution
10. _______- opening doors of international trade
has given birth to intense competition.
Test IV. Essays
Instructions: Write the answers in 3-4 sentences.
(5pts)
1. Is market integration necessary to produce
globalization? Why or why not?
2. Which among the three basic kind of market
integration is the most effective to used? Give
examples