Question 1

Which of the following is not a major consequence of globalization?
A)Consumers can purchase lower-priced goods and services
B)Increases incomes
C)Creates new jobs
D)Decreases purchase power

Accepted Answer

Globalization generally leads to increases in trade, which allows for goods and services to be produced more efficiently and at lower costs, leading to lower prices for consumer goods. This can lead to increases in income and the creation of new jobs, but does not generally result in decreased purchasing power.

Question 2

Which of the following is a common argument by critics of globalization?
A)Globalization has destroyed jobs in developing countries
B)Companies have moved to countries with little labor and environmental regulations
C)Globalization has increased manufacturing jobs in the United States
D)Globalization has caused increasing problems with labor unions

Accepted Answer

Critics often argue that globalization allows companies to move operations to countries with less stringent labor and environmental regulations, exploiting these conditions for profit while undermining workers' rights and environmental standards.

Question 3

Current UN population estimates predict that the world's population will increase to what by 2050?
A)8.1 billion people
B)9.2 billion people
C)7.7 billion people
D)10.3 billion people

Accepted Answer

A

Question 4

According to a study commissioned by the EIU and Western Union, which of these countries turns out to be in the greatest need of immigrants?
A)U.S.
B)Germany
C)France
D)Japan

Accepted Answer

The study found that Japan is in the greatest need of immigrants due to its aging population and low birth rate. Immigration is seen as necessary to sustain economic growth and fill gaps in the workforce. The other countries listed also have aging populations and may benefit from immigration, but Japan was the highest in need according to the study.

Question 5

Which of the following is not an argument for immigrant workers?
A)Immigrant workers are usually cheaper to employ than native workers in developed countries and employers often prefer to hire them to remain cost competitive.
B)Immigrants are willing to do jobs that natives spurn.
C)Immigrants are helping lowering the crime rates.
D)A vibrant immigrant economy may help revive a stagnant local economy.

Accepted Answer

Out of the four options, only option C is not an argument in favor of immigrant workers. Options A, B, and D highlight the benefits of immigrant workers such as cost competitiveness, filling in labor gaps, and boosting the economy. Option C is not necessarily related to the economic benefits of immigrant workers, although it may be argued that immigrants may be less likely to engage in criminal activities if they are employed and contributing to society.

Question 6

Which of the following is NOT an argument against immigrant workers?
A)They could become a source of social unrest and ethnic strife.
B)Immigration leads to massive overcrowding and traffic congestion.
C)Immigration may create enclave community segregated from the rest of the society.
D)Economic contribution of immigrants is usually marginal since they don't usually work hard enough to make a living in a newly adopted country.

Accepted Answer

Option D is the only argument that makes a false generalization about immigrant workers, suggesting that they do not work hard enough to make a living in a new country. The other options (A, B, and C) all raise valid concerns about the possible negative impacts of immigration.

Question 7

The condition often referred to as the "brain drain" means:
A)Globalization decreases creativity as companies outsource their R&D tasks.
B)Skilled workers in developing countries are less in demand.
C)The more that developed countries attract skilled migrants, the more they are stripping developing countries of the people they need most to achieve economic development.
D)Creative destruction

Accepted Answer

The "brain drain" refers to the loss of skilled workers, often from developing countries, who migrate to developed countries in search of better opportunities. This can hinder the economic development of the countries they leave behind, as they are often the individuals most needed to drive progress and growth. Option A is incorrect as outsourcing R&D tasks has nothing to do with the brain drain. Option B is incorrect as it contradicts the definition of brain drain. Option D is unrelated to the concept of brain drain.

Question 8

A new phenomenon that involves people who move back and forth between their country of origin and the adopted country to take advantage of career opportunities in both countries is called:
A)Brain gain
B)Brain drain
C)Brain circulation
D)Brain recycle

Accepted Answer

This phenomenon is known as "brain circulation" as it involves a flow of knowledge, skills, and talent between two countries rather than just a one-way migration (brain drain) or simply gaining talented individuals from another country (brain gain). Brain recycling is not a commonly used term in this context.

Question 9

A contingent workforce means:
A)Workers who work for a contingency fee
B)Workers whose jobs are dependent or contingent upon present work demand
C)Workers who are in the country temporarily
D)Immigrant workers

Accepted Answer

A contingent workforce refers to workers whose employment is dependent on the current demand for their services. These workers are typically hired on a temporary or contract basis, rather than being full-time employees.

Question 10

The most rapid growth of the contingent workforce has been in the following areas:
A)Manufacturing workers
B)Professional, technical, and managerial workers
C)Telecommunications workers
D)Medical field

Accepted Answer

According to multiple studies and industry reports, the most rapid growth in the contingent workforce has been in professional, technical, and managerial workers. This includes roles such as IT professionals, project managers, consultants, and accountants. Manufacturing has actually seen a decline in the use of contingent workers due to automation and outsourcing. While there has been growth in contingent work in the medical field and telecommunications, it has not been as rapid as in the professional and managerial sectors.

Question 11

The best strategy for managing a workforce in response to changes in demand is to:
A)Maintain a lean workforce of core employees and have a body of contingent workers who could be more readily cut back as the need arises.
B)Maintain a workforce of solely contingent employees so that you can hire more if demand rises.
C)Maintain a strong workforce of core employees and hire contingent workers as needed.
D)Maintain short employment contracts and rehire each employee as needed year to year.

Accepted Answer

Maintaining a lean workforce of core employees and a body of contingent workers allows for flexibility in adjusting the workforce size as demand changes.

Question 12

Which of the following is a common solution to hiring challenges?
A)Hire all employees at will.
B)Make each manager responsible for employment processes.
C)Contract your hiring processes out to a management firm, i.e., virtual company.
D)Hire permanent employees to manage the employment process.

Accepted Answer

Contracting hiring processes out to a management firm or a virtual company is a common solution to hiring challenges. This approach allows businesses to leverage the expertise and networks of specialized firms to find suitable candidates, often more efficiently and effectively than managing the process in-house.

Question 13

Dot Company is a technological Company that specializes in manufacturing computer software for music. Recently, Dot Company's D-Tunes music program has become outdated as target customers have switched from downloading mp3s to a new type of file, mp6s. Dot Company is concerned about having the necessary funding and talent to create a new program for the mp6 songs. What should they do?
A)Hire permanent employees to create the new program.
B)Train the current employees on how to create such a program.
C)Buy the program from another company.
D)Hire independent contractors to create the program.

Accepted Answer

Hiring independent contractors to create the program would be the best choice for Dot Company. This option allows Dot Company to avoid the costs associated with hiring and training permanent employees. Moreover, independent contractors already have the necessary skills and experience to create the new program, which would save time and money. Additionally, purchasing the program from another company may not be feasible due to the fact that mp6s is a new and emerging technology, and thus, there may not be other companies offering such a program. Training current employees on how to create the new program may also be an option, but this takes time and resources that the company may not have.

Question 14

Many governments have relaxed job protection rules, which resulted in:
A)Lower wages
B)Decreased loyalty
C)Less benefits
D)Loss of job efficiency

Accepted Answer

The answer of Many governments have relaxed job protection rules,...

Question 15

Which of the following has caused employers to create more flexible work arrangements?
A)Increase in working mothers
B)Lower wages
C)High immigrant population
D)Increase in foreign languages

Accepted Answer

The increase in working mothers has led to a need for more flexible work arrangements, such as telecommuting, flexible schedules, and part-time options. This allows mothers to balance work and family responsibilities more effectively.

Question 16

Which of the following contributes to an increased number of contingent workers?
A)Population Aging
B)High Inflation
C)Decrease in manufacturing jobs
D)Increase in manufacturing jobs

Accepted Answer

The answer of Which of the following contributes to an...

Question 17

What is the number one reason for outsourcing?
A)Less regulations
B)Lower costs
C)Increased demand
D)Freedom of Information

Accepted Answer

The number one reason for outsourcing is to lower costs. This is because outsourcing allows companies to take advantage of lower labor costs in other countries, as well as reducing expenses associated with maintaining in-house operations.

Question 18

The increasing recognition that not all value-added functions are amenable to offshore sourcing made companies like Caterpillar and GE bring some of their manufacturing operations back to the home country. This trend is called:
A)Reverse shoring
B)Inshoring
C)Onshoring
D)Outshoring

Accepted Answer

This trend is commonly known as onshoring or reshoring.

Question 19

Outsourcing has caused which of the following:
A)Inflation
B)More static labor market
C)Higher costs
D)Increased global competitiveness

Accepted Answer

Outsourcing has increased global competitiveness as it allows companies to access cheaper labor markets, lower production costs, and a larger pool of skilled workers. This increased competitiveness can result in economic growth and job creation. However, outsourcing can also have negative effects, such as job displacement and wage stagnation in countries where outsourcing occurs.

Question 20

Why could outsourcing not be a long run solution?
A)Decreasing dependence on independent suppliers in turn tends to lose sight of emerging technologies and thereby design and manufacturing abilities.
B)Increasing dependence on independent suppliers in turn tends to lose sight of emerging technologies and thereby design and manufacturing abilities.
C)Decreasing dependence on independent suppliers in turn tends to decrease jobs.
D)Increasing dependence on independent suppliers in turn tends to create long run higher costs.

Accepted Answer

Outsourcing may result in companies losing sight of emerging technologies and design and manufacturing abilities as they become increasingly dependent on independent suppliers, which could make it difficult to sustain in the long run.

Quiz 3: Changes and Challenges in the Global Labor Market

Which of the following is not a major consequence of globalization?

Which of the following is a common argument by critics of globalization?

Current UN population estimates predict that the world's population will increase to what by 2050?

According to a study commissioned by the EIU and Western Union, which of these countries turns out to be in the greatest need of immigrants?

Which of the following is not an argument for immigrant workers?

Which of the following is NOT an argument against immigrant workers?

The condition often referred to as the "brain drain" means:

A new phenomenon that involves people who move back and forth between their country of origin and the adopted country to take advantage of career opportunities in both countries is called:

A contingent workforce means:

The most rapid growth of the contingent workforce has been in the following areas:

The best strategy for managing a workforce in response to changes in demand is to:

Which of the following is a common solution to hiring challenges?

Many governments have relaxed job protection rules, which resulted in:

Which of the following has caused employers to create more flexible work arrangements?

Which of the following contributes to an increased number of contingent workers?

What is the number one reason for outsourcing?

The increasing recognition that not all value-added functions are amenable to offshore sourcing made companies like Caterpillar and GE bring some of their manufacturing operations back to the home country. This trend is called:

Outsourcing has caused which of the following:

Why could outsourcing not be a long run solution?