Question 1

The Global Competitiveness Scoreboard Report measurements include all of the following,except:

Accepted Answer

The Global Competitiveness Scoreboard Report includes measurements for business efficiency, government efficiency, infrastructure effectiveness, and economic performance, but not specifically "market efficiency."

Question 2

Mai's company has recently moved its factories to Vietnam.As part of its commitment to the International Code of Ethics for Canadian Business,the company is using Vietnamese consultants to help them ensure consistency with universally accepted labour standards,including those related to exploitation of child labour.This practice reflects which principle of the Code?

Accepted Answer

C

Question 3

Throughout history there have been significant periods of ___________when countries believed it was in their best interests to restrict international commerce.

Accepted Answer

Protectionism refers to the policy of protecting domestic industries from foreign competition through measures such as tariffs, quotas, and subsidies. This policy is often driven by the belief that it is in a country's best interest to promote domestic production and employment, rather than relying on imports. Throughout history, there have been periods when protectionism has been favored by governments as a means of promoting their national interests.

Question 4

Which supranational institution(s)provide(s)funding to developing nations?

Accepted Answer

The answer of Which supranational institution(s)provide(s)funding to developing nations?
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Question 5

Corporations have become increasingly accountable for the use of "sweatshop" labour in developing nations.A supranational institution that has brought this issue to public and corporate attention is:

Accepted Answer

The International Labour Organization (ILO) is a United Nations agency that focuses on promoting social justice and promoting decent working conditions. It has brought attention to the issue of sweatshop labor in developing nations and works to ensure that workers are treated fairly and not exploited. Therefore, option A is the best choice. The World Bank, UNESCO, and the International Monetary Fund are also international organizations, but they do not specifically focus on labor practices. Corporate Watch is a non-governmental organization that monitor corporate practices but it is not a supranational institution with authority over corporations.

Question 6

Jung is preparing a report to his supervisor regarding their firm's compliance with the International Code of Ethics for Canadian Business.He highlights in his report that a supplier has been paying bribes to move product faster and that senior management in Jung's company had not responded to this.Jung's company is not in compliance with which principle of the Code?

Accepted Answer

The correct answer is E) Business Conduct. This principle concerns ethical practices in business operations, including avoiding corrupt practices such as bribery. Jung's report indicates a violation of this principle due to the supplier's bribery and the senior management's lack of response.

Question 7

Recently travelling through Asia,Jamal and his friends noted the prevalence of branded clothing.For example,Jamal noted that t-shirts bearing the logo of a large,North American clothing retailer were almost as popular in Asia as they were in Canada.This is an example of __________globalization.

Accepted Answer

The prevalence of branded clothing across different countries and cultures is an example of social or cultural globalization, where cultural ideas and products spread across borders and become widely adopted by people in different parts of the world.

Question 8

The NGO,Greenpeace,has branches in many nations around the world.The organization,which is controversial because of some of the tactics they employ,has raised awareness of environmental issues.This is an example of ________globalization.

Accepted Answer

The answer of The NGO,Greenpeace,has branches in many nations around...

Question 9

The expectation that firms will respect domestic laws,regulations,and administrative procedures is an example of the _________involved in the standards of conduct applied to multinational corporations.

Accepted Answer

The expectation that firms will respect domestic laws, regulations, and administrative procedures pertains to the political factors involved in the standards of conduct applied to multinational corporations. This refers to the level of compliance that firms must adhere to with regards to governmental policies and regulations in the countries in which they operate.

Question 10

Sandra is hoping to work in a supranational institution following graduation because she believes that monetary support will aid developing nations in the reduction of poverty.She should apply for a position with:

Accepted Answer

The International Monetary Fund (IMF) is a supranational institution that provides monetary support to countries, especially developing nations, to help them stabilize their economies, reduce poverty, and achieve sustainable economic growth.

Question 11

During the 1990s,Canada suffered a net loss of skilled workers to the United States,but had high rates of immigration of highly educated workers from other nations.A brain drain is an emigration of trained and talented individuals to other nations.A brain drain is a claim used by________to support their position.

Accepted Answer

Anti-globalists often use the concept of brain drain to argue against globalization, suggesting that it leads to the loss of skilled workers from one country to another, which can harm the source country's economy and development.

Question 12

Economic globalists would support all of the following,except:

Accepted Answer

Economic globalists prioritize free trade and the removal of barriers to foreign investment, but do not believe in mandating or requiring foreign countries to invest in specific places. Such legal requirements would go against the principles of free market globalization.

Question 13

According to the Competitiveness Scoreboard,Canada:

Accepted Answer

The answer of According to the Competitiveness Scoreboard,Canada:
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Question 14

Julio's company has recently moved its factories to India.As part of its commitment to the International Code of Ethics for Canadian Business,the company is having its human resource management policies reviewed to ensure that they meet international labour standards.This endeavour is reflective of which principle of the Code?

Accepted Answer

The principle of Employees Rights and Health & Safety is reflected in efforts to review human resource management policies to ensure compliance with international labour standards. This includes ensuring fair treatment of workers and providing a safe and healthy work environment, which is in line with the Code's commitment to upholding human rights.

Question 15

Which of the following supranational institution(s)provide(s)supports for human and labour rights in developing nations?

Accepted Answer

The answer of Which of the following supranational institution(s)provide(s)supports for...

Question 16

In terms of globalization and the impact on Canadian businesses,Canada must do all of the following,except:

Accepted Answer

Blocking the transfer of intellectual capital would hinder Canada's ability to participate in a global economy, limit innovation and technological advancements, and ultimately negatively impact Canadian businesses. The other options are all necessary for Canadian businesses to effectively compete and thrive in a globalized market.

Question 17

All of the following statements regarding international non-governmental organizations (INGOs)are true,except:

Accepted Answer

Not all INGOs are globalist in orientation. While some may support globalization, others may oppose it or take a more nuanced approach. INGOs are a diverse group with varying beliefs and agendas.

Question 18

In the spring and summer of 2007,the media focused on the issue of children's toys, imported from developing nations,containing lead at levels that exceeded Canadian and American standards.Several commentators spoke to the need to develop worldwide
Standards for product safety.This is an example of:

Accepted Answer

This situation is an example of economic globalization because it involves international trade and the need for global standards in product safety, reflecting the interconnectedness of economies.

Question 19

Zara,the CEO of a multinational corporation,is presenting to her board.She is attempting to educate them regarding the concerns of the anti-globalist movement.Which of the following items from her presentation,does not represent a concern raised by this position?

Accepted Answer

The concern of anti-globalist movement revolves around issues such as job outsourcing, exploitation of workers in developing countries, loss of sovereignty, and environmental degradation. The transferability of intellectual property is not a significant concern of this movement.

Question 20

The Minister of Agriculture in Alberta announced in 2003 that a poll of Alberta farmers clearly showed that the farmers wanted marketing choice for their grain-the option to sell their grain to anyone within and outside of Canada.The Canadian Wheat Board has a monopoly on the marketing of wheat and barley in Western Canada.The farmers
Opposing the Canadian Wheat Board monopoly are presenting a position aligned with:

Accepted Answer

The opposition to the Canadian Wheat Board monopoly on grain marketing is aligned with economic globalists, who believe in free trade and competition among businesses. The desire for marketing choice for their grain aligns with the principles of economic globalization.

Quiz 15: Globalization and Business Responsibilities