Exam (elaborations)
D080 PA
- Module
- D080 COMPLETED
- Institution
- D080 COMPLETED
Exam of 15 pages for the course D080 COMPLETED at D080 COMPLETED (D080 PA)
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D080 PAWhich negative outcome on political systems comes from globalization? - ANS-Creation
of isolationist policies
Which factor results in a higher rate of globalization? - ANS-Reduced trade barriers
What are the four factors in Ghemawat's CAGE analysis? - ANS-Culture, administration,
geography, economy
What is a major drawback to the home country when companies outsource
manufacturing jobs to countries with lower worker wages? - ANS-Loss of manufacturing
jobs
A country has a characteristic traditional economic system with poor infrastructure and
limited economic opportunity. What is the impact of this system on the process of
globalization? - ANS-The globalization process is at a disadvantage as the country has
a lower standard of living.
What is a characteristic of a market economy? - ANS-Firms seek to maximize profits.
Which impact does Islamic law directly have on businesses? - ANS-It forbids charging
interest.
Which institution helps to maintain availability of global financing to solve trade deficit
issues? - ANS-International Monetary Fund
What is the current focus of the World Bank? - ANS-Improving quality of life
For which concern has the World Trade Organization been criticized? - ANS-Adoption of
labor standards protecting labor rights
How is the Special Drawing Right of the International Monetary Fund (IMF) valued? -
ANS-It is based on the value of the five most significant members' currencies.
Two countries agree to open their borders to international business transactions with
one another without tariffs.
, How does this affect global business? - ANS-It leads to developing free trade policies
with strategic partners.
A country uses its established technology infrastructure to produce a good.What is the
impact of this infrastructure on trade? - ANS-It will create barriers to entry for other
nations.
What was the economic impact of the North American Free Trade Agreement (NAFTA)?
- ANS-The shift of jobs away from low comparative advantage industries
Workers at a company are struggling to efficiently address daily problems because the
company's current information systems do not communicate across departments.What
type of system should the company implement to solve this problem? - ANS-Enterprise
resource planning system
A company that is located in Country A would like to sell products in Country B. The
government of Country B is pushing for a tariff-based international trade agreement on
the product. What is the reasoning behind Country B's decision? - ANS-Country B
seeks to protect its economy and give it the opportunity for long-term expansion.
An international company works with many economic sectors and notices that one
sector in particular is slower to adopt artificial intelligence, which limits their
opportunities on a global scale. Which economic sector shows this slower pace? -
ANS-Education
Countries A and B participate in trade agreements that allow free trade among
participant countries. However, Country A imposed quotas on several imported products
to protect its domestic products.
What is the effect, if any, on the domestic prices of these products? - ANS-Increases
An international business experienced significant changes due to advances in global
technology such as autonomous cars, 3D printing, biometrics, nanotechnology, and
quantum computing. Which era caused this impact on the business? - ANS-Fourth
Industrial Revolution
Two countries decide to open up trade with each other. What is likely to happen when
trade opens up? - ANS-Jobs will increase in comparative advantage industries.
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