Question 1

Which of the following can inhibit globalization?

Accepted Answer

Cultural clashes between different societies and countries can create barriers to globalization by creating resistance to the adoption of new ideas, practices, and products from different cultures. This can lead to protectionism and nationalism, hindering the growth of global trade and integration.

Question 2

According to recent trends,which of the following is most likely to be centralized?

Accepted Answer

The budgeting process is usually centralized in most organizations as it involves the allocation of financial resources within the organization. Centralizing this process ensures that there is better coordination in allocating funds, control over spending, and better decision-making. It also helps in aligning the budget with the organization's goals and objectives. On the other hand, spending, allocation, and marketing mix may not necessarily be centralized and can be decentralized to some extent.

Question 3

Which of the following was a result of the economic crisis that began in 2008?

Accepted Answer

The economic crisis of 2008 severely impacted Iceland's banking sector, leading to a significant dispute with the United Kingdom over deposit guarantees for British savers in Icelandic banks. This dispute damaged the relationship between the two countries.

Question 4

_____ is the measure of the inequality in the population and health profiles between rich and poor countries.

Accepted Answer

Demographic divide is the measure of the inequality in the population and health profiles between rich and poor countries. It refers to the disparity between developed and developing countries in terms of population growth rates, life expectancy, infant mortality rates, access to healthcare, and other indicators of health and wellbeing. Cocooning, death of distance, and cultural gap do not directly relate to this measure of inequality.

Question 5

Which of the following is a result of technology?

Accepted Answer

The "death of distance" refers to the phenomenon of technology making physical distance less relevant in communication and other aspects of life. This is a clear result of technology. A) Demographic divide and B) cultural clash are not necessarily direct results of technology, but rather complex social phenomena influenced by various factors. C) Population growth in wealthiest nations may not necessarily be a result of technology, but rather economic, social, and political factors.

Question 6

Which of the following is expected at the micro level,with regard to culture?

Accepted Answer

The answer of Which of the following is expected at...

Question 7

Which of the following is a disadvantage of the Internet in globalization?

Accepted Answer

The Internet tends to promote more standardized products and services that can be easily marketed to a global audience, which reduces the ability of companies to customize their offerings for local markets. This can limit their competitiveness in certain regions that are more culturally or economically distinct.

Question 8

Which of the following is true of world population?

Accepted Answer

The growth of population in wealthier countries is primarily due to immigration, not increased birth rate. The world's wealthiest nations do not necessarily have the highest population, and the decrease of population in poorer countries is not necessarily due to decreased longevity.

Question 9

Cocooning is:

Accepted Answer

Cocooning was first identified as a trend in 1981 by futurist Faith Popcorn, but it gained renewed attention after the 9/11 terrorist attacks in the United States in 2001. It refers to the practice of staying inside one's home and avoiding social interaction as a response to perceived threats or anxieties in the outside world. It is not limited to the United States and can be practiced by people who engage in social exchange via social networking sites. Therefore, options A, C, and D are incorrect.

Question 10

Kate,an editor,does most of her work from home because she finds it unsafe to go out.She shops online,watches movies on her television,and plays video games for entertainment.This lifestyle of Kate is referred to as _____.

Accepted Answer

Cocooning refers to the trend of people staying at home for extended periods of time, often due to a perceived lack of safety or comfort outside of the home. Kate's behavior of working from home, shopping online, and watching movies and playing video games all from the comfort of her own home aligns with the concept of cocooning.

Question 11

Which of the following factors would lead a business to choose a decentralized structure?

Accepted Answer

A decentralized structure allows for greater responsiveness to local preferences and can enhance customer satisfaction. If the business has global customers with local preferences, a decentralized structure would be more beneficial than a centralized structure. A, B, and C do not necessarily require a decentralized structure as they do not indicate the need for local responsiveness.

Question 12

_____ innovation gets a great deal of attention and has its roots in technological discontinuities.

Accepted Answer

Disruptive innovation is a term coined by Clayton Christensen and refers to an innovation that creates a new market and value network, eventually disrupting an existing market and value network, often through technological discontinuities. It is known for receiving a great deal of attention in the business world as it can completely shift the landscape of an industry. The other options, while also types of innovation, do not necessarily have their roots in technological discontinuities.

Question 13

The sale of which of the following products or services would decrease as a result of cocooning?

Accepted Answer

Cocooning is a trend where people prefer to stay at home rather than going out. Therefore, the sale of movie tickets, which is an activity that involves going out, would decrease as a result of cocooning. Video games, DVDs, and meal-preparation ingredients can all be enjoyed at home and are not affected as much.

Question 14

Which of the following factors helps in safeguarding the earth?

Accepted Answer

Sustainable development refers to the use of resources in a way that meets the needs of the current generation without compromising the ability of future generations to meet their own needs. By promoting sustainable development, we can reduce environmental degradation and preserve natural resources, which helps in safeguarding the earth. Urbanization, growing population, and energy demand, on the other hand, may lead to increased pollution, depletion of resources, and other environmental problems, which can harm the earth in the long run.

Question 15

Which of the following is an/are indicator(s)of the level of technological development?

Accepted Answer

The number of broadband internet subscribers is a good indicator of the level of technological development in a country. This is because broadband internet usage is closely linked to the adoption and use of technological infrastructure and applications, such as e-commerce, e-banking, online education, and e-government services. Higher numbers of broadband internet subscribers indicate more widespread access to technology and higher usage rates. Passport holders, student population, and unemployed population may not necessarily be good indicators of technological development.

Question 16

The concern about the world's natural resources and sustainability has led to a variety of predictions about the future.Which of the following predictions is true?

Accepted Answer

Recycling and recovery will grow as vital business opportunities as the concern for sustainability increases. A and B are not necessarily true predictions and D goes against the current trend of emphasizing water conservation.

Question 17

Which of the following is true of cocooning?

Accepted Answer

Cocooning refers to the trend where individuals prefer staying at home over going out, which can be observed globally. This trend encourages activities and purchases that enhance the home experience, such as streaming services or home cooking, rather than activities that require going out, like traveling or dining out.

Question 18

Macro issues such as accountability,performance expectations,freedom accorded within society,and product preferences lead to _____.

Accepted Answer

The answer of Macro issues such as accountability,performance expectations,freedom accorded...

Question 19

Which of the following is true of technology?

Accepted Answer

Technology is generally more developed in advanced nations due to factors such as greater investment in research and development, access to resources, and skilled workforce. Options A, C, and D are incorrect as technology often reduces the cost of performing functions, can be accurate depending on its application, and can increase efficiency in marketing.

Question 20

The sales of _____ have increased as a result of cocooning.

Accepted Answer

Cocooning refers to the act of staying in one's home to feel comfortable and safe, and video games are a popular form of entertainment for those who choose to cocoon. Therefore, the sales of video games are likely to have increased as a result of cocooning.

Quiz 18: New Directions and Challenges