Stage 1 b + e quiz globalisation
- 1. Assessment Activity Quiz: Global Business Stage 1 B+E
- 2. 1. The past two decades of globalization has seen rapid movements in: • (a) goods, services and people between countries • (b) goods, services and investments between countries • (c) goods, investments and people between countries • (d) none of these
- 3. 2. The most common route for investments by MNCs in countries around the world is to: • (a) set up new factories • (b) buy existing local companies • (c) form partnerships with local companies • (d) both (a) and (b)
- 4. 3. Globalisation has led to higher standards of living of: • (a) well-off consumers • (b) poor consumers • (c) big producers • (d) small producers
- 5. 4. A company that owns or controls production in more than one nation is called: • (a) multinational corporation • (b) joint stock company • (c) global company (d) none of these
- 6. 5. Where do MNCs choose to set up production? • (a) Cheap goods • (b) Cheap labour resources • (c) Economic sustainability • (d) None of these
- 7. 6. Trade between countries: • (a) determines prices of products in different countries • (b) decreases competition between countries • (c) makes a country dependent on the other • (d) none of these
- 8. 7. Globalisation by connecting countries leads to: • (a) lesser competition among producers • (b) greater competition among producers • (c) no competition between producers • (d) none of these
- 9. 8. One major factor that has stimulated the globalisation process is: • (a) effective utilisation of resources • (b) increase in income and wealth • (c) willingness to cooperate • (d) rapid improvement in technology
- 10. 9. If tax is imposed on Chinese toys, what will happen? • (a) Chinese toy-makers will benefit • (b) Australian toy-makers will prosper • (c) Chinese toys will remain cheap • (d) Australian consumers will buy more Chinese toys
- 11. 10. Which out of the following is an example of a trade barrier? • (a) Foreign investment • (b) Delay or damage of goods • (c) Tax on imports • (d) None of these
- 12. 11. Removing barriers or restrictions set by the government is called: • (a) liberalisation • (b) investment • (c) favourable trade • (d) free trade
- 13. 12. Which out of the following industries has a large number of well- off buyers in urban areas? • (a) Footwear • (b) Automobiles • (c) Jewellery • (d) Clothing and accessories
- 14. 13. Globalisation has created new opportunities of: • (a) employment • (b) emerging multinationals • (c) providing services • (d) all of the above
- 15. 14. Globalisation has posed major challenges for: • (a) big producers • (b) small producers • (c) rural poor • (d) none of these
- 16. 15. Government can make globalisation more 'fair' by: • (a) increasing competition • (b) increasing employment • (c) implementing the labour laws • (d) imposing trade barriers