MADE BY:ARC

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

All of the choices.

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
Dabbing, or the dab, is a simple dance move in which a person drops the head into the bent
crook of a slanted arm, typically while raising the opposite arm in a parallel direction but out
straight; both arms are pointed to the side and at an upward angle. Since 2015, it has also
been used as a gesture of triumph or playfulness, becoming a youthful American dance fad
and Internet meme (Ducey, 2015). Since the trend has gone viral, young Filipinos also picked
it up as a playful pose. The dab fad in the Philippines is what aspect of globalization?

Cultural

_____ is the timeframe over which a thing is created, passed on to exhibit, and over the long
run removed from the world market.

Item life cycle

Britain, France, Germany, Russia, Netherlands, Japan, and the United States colonized
countries 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:

Imperialism

Economic globalization is the increasing economic interdependence of national economies

across the world through a rapid increase in cross-border movement of goods, service,
technology, and capital. Some sociologists, like William I. Robinson has argued that because
a capitalist economy is premised on growth and expansion, a globalized economy is the
inevitable result of ________________.

Capitalism
The 2016 Global Estimates of Child Labour indicate that one-fifth of all African children are
involved in child labour, a proportion more than twice as high as in any other region. Nine
per cent of African children are in hazardous work, again highest of all the world's regions.
Africa has the largest number of child labourers; 72.1 million African children are estimated
to be in child labour and 31.5 million in hazardous work (International Labour Organization,
2017). The statement means that:

Child labor deprives children of their childhood.

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

Which of the following statements is not true about globalization?

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.

When businesses want to manufacture their products at a cheaper rate, they employ the
services from developing countries which is possible in countries such as China and
Cambodia, where manufacturing costs and wages are lower than highly developed
countries. This business practice is called ____________.

Outsourcing

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

Poverty line

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.

Extreme poverty

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

Which of the following is not true about the history of global market integration?

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.

The Millennium Development Goals were the eight international development goals created
by the United Nations for the year 2015 to address the different problems in the world.
Which of the following ranked first in the eight development goals?

Eradicate extreme hunger and poverty

Which of the following statements is not true?

Membership in the regional development banks is limited to countries from the

region.

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

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

Core

With around 20,000 stores in 63 countries, Starbucks, the world's most popular coffee house
has made its mark from Brazil to China, where many thought it would fail to take off due to
the cultural importance of tea drinking. The company has gone to great lengths to make
sure that every Starbucks feels like a local coffee house, without losing brand consistency.
For example, in China, a regional dislike for coffee was combatted with coffee-free drinks,
whilst stores in Asia feature more adaptable seating arrangements to cater for larger
groups. This effort is what attribute of a global corporation?

Understand different cultures

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.

Based on the Modern World System of Immanuel Wallerstein, which of the following
statements is incorrect?

The semi-periphery of the world economy is the manufacturing base of the planet.

The level of riches, comfort, material merchandise, cash and necessities accessible to a
specific financial class in a specific region is called:

Way of life

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

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

Nike and Apple's "Nike+" is a co-branding collaboration which started as as a way to bring
music from Apple to Nike customers' workouts using the power of technology: Nike+iPod
created fitness trackers and sneakers and clothing that tracked activity while connecting
people to their tunes. It's a genius co-branding move that helps both parties provide a
better experience to customers - and with the popularity of fitness tracking technology,
Nike+ is ahead of the curve by making it easy for athletes to track while they play. What
attribute of global corporations do Nike and Apple employ?

Carefully chosen international partners

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?

Political
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%

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

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

Government

This includes private economy, educational institutions, churches, hospitals, fraternal

organizations, and other non-profit organizations:

Civil society
Which of the following examples refers to political factor influencing economic
globalization?

The founding of the World Trade Organization (WTO)

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

When did the UN Security Council decided on comprehensive and mandatory sanctions, for
the first time in the past 22 years against Iraq's invasion of Kuwait?

August 1990

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:

Internationalism

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

External intervention

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

This type of financing is provided by the Multilateral Development Banks to member

countries, mostly for technical assistance, advisory services, or project preparation:

Grant financing

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

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:

Imperialism

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)

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

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.

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.

What is the timeframe over which a product is created, passed on to exhibit, and over the
long run removed from the world market?

Item life cycle

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?

Measure success
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

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

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:

Very-long-term loans

The five Multilateral Development Banks are composed of the following, except:

Green Climate Fund

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:

Long-term loans

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
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?

Understand different cultures

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

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

Toyota factories and assembling plants in different parts of the globe

Among the eight Millennium Development Goals created by the United Nations in the
1990's, which ranked first?

Eradicate extreme poverty and hunger