UGRD-GE6102 The Contemporary World

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4. Week 2: Introduction to the Study of Globalization
5. Prelim Quiz 1

Started on Wednesday, 17 February 2021, 7:48 PM

State Finished
Completed on Wednesday, 17 February 2021, 7:53 PM
Time taken 4 mins 25 secs
Marks 7.00/10.00
Grade 70.00 out of 100.00
Question 1
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Question text
Which of the following statements is not true about globalization?
Select one:
a. 
Globalization represents the global integration of international trade, investment,
information technology and cultures.
b. 
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.
c. 
Globalization is a process of interaction and integration among the people, companies, and
governments of different nations, a process driven by international trade and investment
and aided by information technology.
d. 
Globalization is the free movement of goods, services and people across the world in a
seamless and integrated manner.
Question 2
Correct
Mark 1.00 out of 1.00
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Question text
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:
Select one:
a. 
Fascism
b. 
Communism
c. 
Interactionism
d. 
ism
Question 3
Incorrect
Mark 0.00 out of 1.00
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Question text
_____ is the timeframe over which a thing is created, passed on to exhibit, and over the long
run removed from the world market.
Select one:
a. 
Product improvement
b. 
Degeneration period
c. 
Market evolution
d. 
Item life cycle
Question 4
Correct
Mark 1.00 out of 1.00
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Question text
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:
Select one:
a. 
Child labor grooms children to become industrious and independent.
b. 
Child labor helps businesses reduce the cost of production.
c. 
Child labor reduces labor shortage.
d. 
Child labor deprives children of their childhood.
Question 5
Incorrect
Mark 0.00 out of 1.00
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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?
Select one:
a. 
Economic
b. 
Sociological
c. 
Political
d. 
Cultural
Question 6
Correct
Mark 1.00 out of 1.00
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Question text
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 ____________.
Select one:
a. 
Freelancing
b. 
Networking
c. 
Outsourcing
d. 
Local employment
Question 7
Correct
Mark 1.00 out of 1.00
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Question text
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?
Select one:
a. 
Political
b. 
Economic
c. 
Cultural
d. 
Sociological
Question 8
Correct
Mark 1.00 out of 1.00
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Question text
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?
Select one:
a. 
Cultural
b. 
Economic
c. 
Sociological
d. 
Political
Question 9
Correct
Mark 1.00 out of 1.00
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Question text
Which of the following statements is true about the effects of globalization?
Select one:
a. 
Globalization promotes interconnection among diverse national economies.
b. 
Globalization has influenced the standard of life and personal satisfaction of people and
families throughout the world.
c. 
Globalization creates a more level playing field between nations and businesses.
d. 
All of the choices.
Question 10
Correct
Mark 1.00 out of 1.00
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Question text
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 ________________.
Select one:
a. 
Communism
b. 
Capitalism
c. 
Interactionism
d. 
Socialism
UGRD-GE6102 The Contemporary World
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4. Week 3 - 4: The Structures of Globalization

5. Prelim Quiz 2

Started on Wednesday, 17 February 2021, 7:44 PM

State Finished
Completed on Wednesday, 17 February 2021, 7:48 PM
Time taken 3 mins 28 secs
Marks 5.00/10.00
Grade 50.00 out of 100.00
Question 1
Incorrect
Mark 0.00 out of 1.00
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Question text
Which of the following statements is not true?
Select one:
a. 
Each IFI has its own independent legal and operational status, but because a considerable
number of countries have membership in several IFIs, a high level of cooperation is maintained
among them.
b. 
Membership in the regional development banks is limited to countries from the region.
c. 
The International Monetary Fund and World Bank are specialized agencies in the United Nations
system.
d. 
All International Financial Institutions admit only sovereign countries as owner-members, but all
are characterized by a broad country membership, including both borrowing developing
countries and developed donor countries.
Question 2
Incorrect
Mark 0.00 out of 1.00
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Question text
Which of the following is not true about the history of global market integration?
Select one:
a. 
International trade expanded because of new technologies in transportation and communication.
b. 
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.
c. 
Global market integration is almost as old as humanity.
d. 
The unification of commodities promoted trade and economic development.
Question 3
Correct
Mark 1.00 out of 1.00
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Question text
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?
Select one:
a. 
Improve maternal health
b. 
Develop a global partnership for development
c. 
Achieve universal primary education
d. 
Eradicate extreme hunger and poverty
Question 4
Correct
Mark 1.00 out of 1.00
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Question text
The level of personal or family income below which one is classified as poor according to
governmental standards:
Select one:
a. 
Lifestyle reference
b. 
Social class
c. 
Income matrix
d. 
Poverty line
Question 5
Incorrect
Mark 0.00 out of 1.00
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Question text
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.
Select one:
a. 
Information loss
b. 
Mortality rate
c. 
Human rights violation
d. 
Extreme poverty
Question 6
Incorrect
Mark 0.00 out of 1.00
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Question text
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?
Select one:
a. 
Turbo-charged by the internet
b. 
Understand different cultures
c. 
Carefully chosen international partners
d. 
Measure success
Question 7
Correct
Mark 1.00 out of 1.00
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Question text
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?
Select one:
a. 
Multilingual Development Banks
b. 
Multifunctional Development Banks
c. 
Multicultural Development Banks
d. 
Multilateral Development Banks
Question 8
Correct
Mark 1.00 out of 1.00
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Question text
In his book, The Modern World System, American sociologist Immanuel Wallerstein described
high-income nations as the ____ of the world economy.
Select one:
a. 
Margin
b. 
Periphery
c. 
Semi-periphery
d. 
Core
Question 9
Incorrect
Mark 0.00 out of 1.00
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Question text
Which of the following statements is not true?
Select one:
a. 
Economic globalization is the independence of world economies as a result of the growing scale
of cross-border trade of commodities and services.
b. 
Economic globalization leads to the development of a "global marketplace" or "a single world
market".
c. 
Economic globalization is enhanced by the acquisition of multinational enterprises that resulted
to the rise of the profits of that "global marketplace".
d. 
A multinational company is a firm or company that has "headquarters" in one country but with
bases, manufacturing or assembly plants in other countries.
Question 10
Correct
Mark 1.00 out of 1.00
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Question text
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?
Select one:
a. 
Understand different cultures
b. 
Carefully chosen international partners
c. 
Turbo-charged by the internet
d. 
Value opportunity to expand

UGRD-GE6102 The Contemporary World

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2. My courses

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 4. Week 5: Prelim Examination

5. Prelim Exam

Started on Wednesday, 17 February 2021, 8:13 PM

State Finished
Completed on Wednesday, 17 February 2021, 8:32 PM
Time taken 19 mins 3 secs
Marks 16.00/30.00
Grade 53.33 out of 100.00
Question 1
Correct
Mark 1.00 out of 1.00
Flag question
Question text
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.
Select one:
a. 
20-50%
b. 
60-90%
c. 
50-60%
d. 
10-20%
Question 2
Incorrect
Mark 0.00 out of 1.00
Flag question
Question text
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?
Select one:
a. 
Turbo-charged by the internet
b. 
Understand different cultures
c. 
Measure success
d. 
Carefully chosen international partners
Question 3
Incorrect
Mark 0.00 out of 1.00
Flag question
Question text
Which of the following statements is not true?
Select one:
a. 
All International Financial Institutions admit only sovereign countries as owner-members,
but all are characterized by a broad country membership, including both borrowing
developing countries and developed donor countries.
b. 
Membership in the regional development banks is limited to countries from the region.
c. 
The International Monetary Fund and World Bank are specialized agencies in the United
Nations system.
d. 
Each International Financial Institution (IFI) has its own independent legal and operational
status, but because a considerable number of countries have membership in several IFIs, a
high level of cooperation is maintained among them.
Question 4
Correct
Mark 1.00 out of 1.00
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Question text
This includes private economy, educational institutions, churches, hospitals, fraternal
organizations, and other non-profit organizations:
Select one:
a. 
Council of elders
b. 
Political party
c. 
Civil society
d. 
Tribe
Question 5
Incorrect
Mark 0.00 out of 1.00
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Question text
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?
Select one:
a. 
Committee on the Administration of Justice at the United Nations
b. 
Committee on the Peaceful Uses of Outer Space
c. 
Committee on Contributions
d. 
Committee on International Assistance and Verification
Question 6
Correct
Mark 1.00 out of 1.00
Flag question
Question text
In his book, The Modern World System, American sociologist Immanuel Wallerstein
described high-income nations as the ____ of the world economy.
Select one:
a. 
Core
b. 
Margin
c. 
Periphery
d. 
Semi-periphery
Question 7
Correct
Mark 1.00 out of 1.00
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Question text
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:
Select one:
a. 
Namibia
b. 
Zimbabwe
c. 
Singapore
d. 
Brazil
Question 8
Incorrect
Mark 0.00 out of 1.00
Flag question
Question text
What is the timeframe over which a product is created, passed on to exhibit, and over the
long run removed from the world market?
Select one:
a. 
Item life cycle
b. 
Product improvement
c. 
Market revolution
d. 
Degeneration period
Question 9
Correct
Mark 1.00 out of 1.00
Flag question
Question text
Which of the following is not true about the attributes of global corporations?
Select one:
a. 
Companies must be aware of different cultures and business practices among countries in
order to connect, be efficient, and stay on the same page.
b. 
Companies should research and understand the different cultures they are tapping into in
order to be successful in not only building key relationships that will open up doors down
the road, but connecting with the right consumers as well.
c. 
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.
d. 
High-growth companies view international markets as untapped markets full of potential.
Question 10
Correct
Mark 1.00 out of 1.00
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Question text
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?
Select one:
a. 
Carefully chosen international partners
b. 
Turbo-charged by the internet
c. 
Measure success
d. 
Understand different cultures
Question 11
Correct
Mark 1.00 out of 1.00
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Question text
Among the eight Millennium Development Goals created by the United Nations in the
1990's, which ranked first?
Select one:
a. 
Eradicate extreme poverty and hunger
b. 
Combat HIV/AIDS, malaria and other diseases
c. 
Ensure environmental sustainability
d. 
Promote gender equality and empower women
Question 12
Incorrect
Mark 0.00 out of 1.00
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Question text
Based on the Modern World System of Immanuel Wallerstein, which of the following
statements is incorrect?
Select one:
a. 
Poor countries lack industrial capacity that's why they need to import expensive goods from
rich nations.
b. 
The periphery is economically dependent on the core.
c. 
The semi-periphery of the world economy is the manufacturing base of the planet.
d. 
High-income nations are considered "core" of the world economy.
Question 13
Correct
Mark 1.00 out of 1.00
Flag question
Question text
The level of personal or family income below which one is classified as poor according to
governmental standards:
Select one:
a. 
Social Class
b. 
Poverty line
c. 
Lifestyle reference
d. 
Income matrix
Question 14
Incorrect
Mark 0.00 out of 1.00
Flag question
Question text
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:
Select one:
a. 
Institution
b. 
Pact
c. 
Understanding
d. 
Treaty
Question 15
Incorrect
Mark 0.00 out of 1.00
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Question text
The work that deprives children of their childhood, their potential and their dignity, and that
is harmful to physical and mental development is called:
Select one:
a. 
Child labor
b. 
Child development
c. 
Child protection
d. 
Child marriage
Question 16
Correct
Mark 1.00 out of 1.00
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Question text
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:
Select one:
a. 
Japan
b. 
China
c. 
Germany
d. 
France
Question 17
Incorrect
Mark 0.00 out of 1.00
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Question text
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?
Select one:
a. 
Political
b. 
Sociological
c. 
Economic
d. 
Cultural
Question 18
Incorrect
Mark 0.00 out of 1.00
Flag question
Question text
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?
Select one:
a. 
Carefully chosen international partners
b. 
Turbo-charged by the internet
c. 
Value opportunity to expand
d. 
Understand different cultures
Question 19
Correct
Mark 1.00 out of 1.00
Flag question
Question text
The five Multilateral Development Banks are composed of the following, except:
Select one:
a. 
World Bank Group
b. 
European Bank for Reconstruction and Development
c. 
Green Climate Fund
d. 
Asian Development Bank
Question 20
Correct
Mark 1.00 out of 1.00
Flag question
Question text
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:
Select one:
a. 
Communism
b. 
Interactionism
c. 
Imperialism
d. 
Fascism
Question 21
Incorrect
Mark 0.00 out of 1.00
Flag question
Question text
Which of the following examples refers to generation issues as factors influencing economic
globalization?
Select one:
a. 
The silk route or silk road
b. 
Toyota factories and assembling plants in different parts of the globe
c. 
Establishment of the North Atlantic Treaty Organization (NATO)
d. 
USA outsourcing IT professionals in India
Question 22
Correct
Mark 1.00 out of 1.00
Flag question
Question text
This type of financing is provided by the Multilateral Development Banks to member
countries, mostly for technical assistance, advisory services, or project preparation:
Select one:
a. 
Long-term loans
b. 
Personal loans
c. 
Very-long-term loans
d. 
Grant financing
Question 23
Incorrect
Mark 0.00 out of 1.00
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Question text
One of the traditional challenges of a country is an invasion of other countries, which is also
called:
Select one:
a. 
External intervention
b. 
Military unrest
c. 
Civil war
d. 
Social conflict
Question 24
Incorrect
Mark 0.00 out of 1.00
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Question text
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?
Select one:
a. 
Security Council
b. 
Trusteeship Council
c. 
Secretariat
d. 
Economic and Social Council
Question 25
Incorrect
Mark 0.00 out of 1.00
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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?
Select one:
a. 
Value opportunity to expand
b. 
Carefully chosen international partners
c. 
Understand different cultures
d. 
Turbo charged by the internet
Question 26
Correct
Mark 1.00 out of 1.00
Flag question
Question text
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:
Select one:
a. 
Long-term loans
b. 
Very-long-term loans
c. 
Personal loans
d. 
Grant financing
Question 27
Correct
Mark 1.00 out of 1.00
Flag question
Question text
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.
Select one:
a. 
Human rights violation
b. 
Mortality rate
c. 
Information loss
d. 
Extreme poverty
Question 28
Incorrect
Mark 0.00 out of 1.00
Flag question
Question text
Which of the following examples refers to historical factor influencing economic
globalization?
Select one:
a. 
Taco Bell opening its branches in different parts of the globe
b. 
The founding of the Association of Southeast Asian Nations (ASEAN)
c. 
Europeans traveled around the globe to barter crafts and furs in exchange for silks and
perfumes in the Middle Ages
d. 
Nike outsourcing its production in China, Thailand, South Korea, Vietnam, and India
Question 29
Correct
Mark 1.00 out of 1.00
Flag question
Question text
Which of the following statements is true about the effects of globalization?
Select one:
a. 
Globalization creates a more level playing field between nations and businesses.
b. 
All of the choices.
c. 
Globalization promotes interconnection among diverse national economies.
d. 
Globalization has influenced the standard of life and personal satisfaction of people and
families throughout the world.
Question 30
Correct
Mark 1.00 out of 1.00
Flag question
Question text
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?
Select one:
a. 
UN General Assembly 1988
b. 
UN General Assembly 1989
c. 
UN General Assembly 1991
d. 
UN General Assembly 1990

UGRD-GE6102 The Contemporary World

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2. My courses
3. UGRD-GE6102-2027T
4. Week 5: Prelim Examination
5. Prelim Exam
 Started on Thursday, 4 March 2021, 10:27 AM
State Finished
Completed on Thursday, 4 March 2021, 11:05 AM
Time taken 37 mins 47 secs
Marks 27.00/30.00
Grade 90.00 out of 100.00
Question 1
Correct
Mark 1.00 out of 1.00
Flag question
Question text
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?
Select one:
a. 
Sociological
b. 
Cultural
c. 
Economic
d. 
Political
Question 2
Incorrect
Mark 0.00 out of 1.00
Flag question
Question text
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?
Select one:
a. 
Measure success
b. 
Understand different cultures
c. 
Carefully chosen international partners
d. 
Turbo-charged by the internet
Question 3
Correct
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Which of the following examples refers to political factor influencing economic globalization?
Select one:
a. 
The founding of the World Trade Organization (WTO)
b. 
IBM currently employs more workers in India than it does in the United States
c. 
Wal-Mart benefits greatly from having the vast majority of its goods manufactured in China.
d. 
The Lydians introducing the coins in the western world in 700 BC
Question 4
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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?
Select one:
a. 
Cultural
b. 
Sociological
c. 
Political
d. 
Imperial
Question 5
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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?
Select one:
a. 
Turbo-charged by the internet
b. 
Carefully chosen international partners
c. 
Understand different cultures
d. 
Measure success
Question 6
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A group of people who has the ultimate authority to act on behalf of a state is called:
Select one:
a. 
Corporation
b. 
Church
c. 
Government
d. 
Tribe
Question 7
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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:
Select one:
a. 
Grant financing
b. 
Personal loans
c. 
Very-long-term loans
d. 
Long-term loans
Question 8
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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?
Select one:
a. 
National
b. 
Political
c. 
Cultural
d. 
Sociological
Question 9
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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?
Select one:
a. 
Multilingual Development Banks
b. 
Multicultural Development Banks
c. 
Multifunctional Development Banks
d. 
Multilateral Development Banks
Question 10
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These institutions provide financial support and professional advice for economic and social
development activities in developing countries and promote international economic cooperation
and stability:
Select one:
a. 
International Financial Institutions
b. 
International Criminal Police Organization
c. 
International Criminal Court
d. 
International Nongovernmental Organizations
Question 11
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Which of the following statements is not true?
Select one:
a. 
Economic globalization is the independence of world economies as a result of the growing scale
of cross-border trade of commodities and services.
b. 
Economic globalization is enhanced by the acquisition of multinational enterprises that resulted
to the rise of the profits of that "global marketplace".
c. 
A multinational company is a firm or company that has "headquarters" in one country but with
bases, manufacturing or assembly plants in other countries.
d. 
Economic globalization leads to the development of a "global marketplace" or "a single world
market".
Question 12
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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:
Select one:
a. 
Child labor deprives children of their childhood.
b. 
Child labor grooms children to become industrious and independent.
c. 
Child labor reduces labor shortage.
d. 
Child labor helps businesses reduce the cost of production.
Question 13
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Which of the following examples does not refer to resources and markets as factors affecting
economic globalization
Select one:
a. 
Records from the 19th century BCE attest to the existence of an Assyrian merchant colony at
Kanesh in Cappadocia
b. 
The ancient Egyptians trading in the Red sea, importing spices from the "Land of Punt" and from
Arabia
c. 
The founding of the Association of Southeast Asian Nations (ASEAN)
d. 
Saudi Arabia's global oil export
Question 14
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Which of the following is not true about the history of global market integration?
Select one:
a. 
The unification of commodities promoted trade and economic development.
b. 
Global market integration is almost as old as humanity.
c. 
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.
d. 
International trade expanded because of new technologies in transportation and communication.
Question 15
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The following statements are correct about globalization except for the following:
Select one:
a. 
Globalization represents the global integration of international trade, investment, information
technology and cultures.
b. 
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.
c. 
Globalization is a process of interaction and integration among the people, companies, and
governments of different nations, a process driven by international trade and investment and
aided by information technology.
d. 
Globalization is the free movement of goods, services and people across the world in a seamless
and integrated manner.
Question 16
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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:
Select one:
a. 
Isolation
b. 
Privatization
c. 
Internationalism
d. 
Localization
Question 17
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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?
Select one:
a. 
August 1990
b. 
July 1990
c. 
June 1990
d. 
May 1990
Question 18
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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 ________________.
Select one:
a. 
Socialism
b. 
Capitalism
c. 
Interactionism
d. 
Communism
Question 19
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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:
Select one:
a. 
Networking
b. 
Local employment
c. 
Outsourcing
d. 
Freelancing
Question 20
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The level of riches, comfort, material merchandise, cash and necessities accessible to a specific
financial class in a specific region is called:
Select one:
a. 
Way of life
b. 
Poverty line
c. 
Social stratum
d. 
Personal satisfaction
Question 21
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Based on the Modern World System of Immanuel Wallerstein, which of the following statements
is incorrect?
Select one:
a. 
High-income nations are considered "core" of the world economy.
b. 
Poor countries lack industrial capacity that's why they need to import expensive goods from rich
nations.
c. 
The semi-periphery of the world economy is the manufacturing base of the planet.
d. 
The periphery is economically dependent on the core.
Question 22
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The level of personal or family income below which one is classified as poor according to
governmental standards:
Select one:
a. 
Lifestyle reference
b. 
Income matrix
c. 
Social Class
d. 
Poverty line
Question 23
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Which of the following examples refers to historical factor influencing economic globalization?
Select one:
a. 
Taco Bell opening its branches in different parts of the globe
b. 
Europeans traveled around the globe to barter crafts and furs in exchange for silks and perfumes
in the Middle Ages
c. 
Nike outsourcing its production in China, Thailand, South Korea, Vietnam, and India
d. 
The founding of the Association of Southeast Asian Nations (ASEAN)
Question 24
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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?
Select one:
a. 
UN General Assembly 1991
b. 
UN General Assembly 1990
c. 
UN General Assembly 1989
d. 
UN General Assembly 1988
Question 25
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Which of the following statements is not true?
Select one:
a. 
The International Monetary Fund and World Bank are specialized agencies in the United Nations
system.
b. 
Each International Financial Institution (IFI) has its own independent legal and operational
status, but because a considerable number of countries have membership in several IFIs, a high
level of cooperation is maintained among them.
c. 
Membership in the regional development banks is limited to countries from the region.
d. 
All International Financial Institutions admit only sovereign countries as owner-members, but all
are characterized by a broad country membership, including both borrowing developing
countries and developed donor countries.
Question 26
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This type of financing is provided by the Multilateral Development Banks to member countries,
mostly for technical assistance, advisory services, or project preparation:
Select one:
a. 
Grant financing
b. 
Long-term loans
c. 
Very-long-term loans
d. 
Personal loans
Question 27
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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.
Select one:
a. 
50-60%
b. 
20-50%
c. 
60-90%
d. 
10-20%
Question 28
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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:
Select one:
a. 
Germany
b. 
France
c. 
Japan
d. 
China
Question 29
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Which of the following statements is true about the effects of globalization?
Select one:
a. 
Globalization has influenced the standard of life and personal satisfaction of people and families
throughout the world.
b. 
Globalization promotes interconnection among diverse national economies.
c. 
All of the choices.
d. 
Globalization creates a more level playing field between nations and businesses.
Question 30
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What is the timeframe over which a product is created, passed on to exhibit, and over the long
run removed from the world market?
Select one:
a. 
Market revolution
b. 
Product improvement
c. 
Degeneration period
d. 
Item life cycle