Which of the following statements is true of globalization?
A) It fails to involve smaller firms.
B) It encourages the maintenance of the status quo.
C) It does not create threats to anybody.
D) It does not allow employees to provide services although most economies have become very efficient at producing physical goods.
E) It occurs through cross-border partnerships.

Question

Quizplus · Accepted Answer

Globalization occurs through cross-border partnerships between firms and countries. It involves the integration of economies, societies, and cultures across national borders. The other statements are incorrect - globalization involves smaller firms, encourages change and innovation, creates both opportunities and threats, and allows for the provision of services in addition to physical goods.

Which of the Following Statements Is True of Globalization