INB 300 EXAM 1 EXAM SCRIPT 2026
COMPLETE QUESTIONS AND CORRECT
ANSWER
◉ Pros of Globalization Answer: - Access lower-cost workers
- Creates new market opportunities
- Global sustainability
- Increases wealth and efficiency in all nations
- Advances the economies of developing nations
- Allows us to profit from our differing circumstances and
skills
◉ Cons of Globalization Answer: - Eliminates jobs in
developed nations
- Lowers wages in
developed nations
- Exploits workers in
developing nations
- Homogenizes our world and destroys our rich diversity
of cultures
◉ Pendulum view of globalism Answer: A pendulum that swings from
one extreme to another from time to time
, ◉ Semiglobalization Answer: A perspective that suggests that barriers to
market integration at borders are high, but not high enough to insulate
countries from each other completely
◉ Foreign direct investment (FDI) Answer: Investment in, controlling,
and managing value-added activities in other countries
◉ Actually, the world isn't flat, Ghemawat's main message Answer:
Strategies that presume complete global integration tend to place far too
much emphasis on international standardization and scalar expansion
◉ Stakeholder Theory Answer: Any group or individual who can affect
or is affected by the achievement of a
firm's objectives
◉ Expatriate manager (expat) Answer: A manager who works abroad
◉ Import Answer: Goods and services purchased abroad and brought
into a country
◉ Export Answer: Goods and services sold abroad and sent out of a
country
◉ World Trade Organization Answer: The only global international
organization managing the rules of trade between 166 member nations
COMPLETE QUESTIONS AND CORRECT
ANSWER
◉ Pros of Globalization Answer: - Access lower-cost workers
- Creates new market opportunities
- Global sustainability
- Increases wealth and efficiency in all nations
- Advances the economies of developing nations
- Allows us to profit from our differing circumstances and
skills
◉ Cons of Globalization Answer: - Eliminates jobs in
developed nations
- Lowers wages in
developed nations
- Exploits workers in
developing nations
- Homogenizes our world and destroys our rich diversity
of cultures
◉ Pendulum view of globalism Answer: A pendulum that swings from
one extreme to another from time to time
, ◉ Semiglobalization Answer: A perspective that suggests that barriers to
market integration at borders are high, but not high enough to insulate
countries from each other completely
◉ Foreign direct investment (FDI) Answer: Investment in, controlling,
and managing value-added activities in other countries
◉ Actually, the world isn't flat, Ghemawat's main message Answer:
Strategies that presume complete global integration tend to place far too
much emphasis on international standardization and scalar expansion
◉ Stakeholder Theory Answer: Any group or individual who can affect
or is affected by the achievement of a
firm's objectives
◉ Expatriate manager (expat) Answer: A manager who works abroad
◉ Import Answer: Goods and services purchased abroad and brought
into a country
◉ Export Answer: Goods and services sold abroad and sent out of a
country
◉ World Trade Organization Answer: The only global international
organization managing the rules of trade between 166 member nations
