IBUS6001 Multiple Choice Questions_Question Bank

IBUS6001 Multiple Choice Questions_Question Bank Multiple Choice Questions This document provides a list of MC questions to give students an idea how these types of questions will look like in the final exam. The final exam questions will be drawn from this list. Please note, the topics of the lecture change from semester to semester, so you will find questions in this list that related to topics we did not discuss this semester and that are accordingly not relevant for this semester. Please also note that we will not provide answers to these questions, neither here nor individually nor by email, these questions are just provided as examples. 1. Which of the following is not characteristic of globalization? A. National economies are turning into independent economic systems B. Material culture is starting to look similar the world over C. Perceived distance is shrinking due to advances in transportation and telecommunications D. Barriers to cross-border trade and investment are declining 2. Globalization has the opportunities for a firm to expand its revenues by selling around the world and its costs by producing in nations where key inputs are cheap. A. Reduced, reduced B. Increased, increased C. Increased, reduced D. Reduced, increased 3. Identify the incorrect statement concerning globalization. A. It has been blamed for unemployment in developed nations, environmental degradation and the Americanization of popular culture B. It has created new threats for businesses accustomed to dominating their domestic markets C. It is transforming industries and is highly welcomed by those who believed their jobs were protected from foreign competition D. According to most economists it is a very beneficial process where gains outweigh the losses by a wide margin