Question 1

Scenario - T & M Computers
Thomas Benson and Matthew Roderick started a small computer business ten years ago in Rapid City,South Dakota.Armed only with determination and innovative designs,Thomas and Matthew were driven to achieve success for their company,T & M Computers.Their hard work has indeed,paid off.Since the inception of the company,the two owners have watched their business grow and demand for their products increase.
Four years ago due to this high product demand,they went international with their business operations.Thomas and Matthew now have international business operations in Singapore,France,Turkey,and Great Britain.Further operational expansion is anticipated within the next year and the company plans to begin operations in Spain,Greece,and Italy.
The owner's hard work and dynamic ideas have proven quite profitable for the company.Thomas and Matthew are pleased with how their operation has grown into becoming a major international business worthy of competing with Intel and Microsoft.T & M Computers may well be the next giant recognized in the field of computer software.
-Which one of the following would T & M Computers least expect to be a negative influence from the sovereign governments within the nations where their business operations are located?

Accepted Answer

Sovereign governments typically aim to promote economic growth and job creation, which would likely be seen as a positive influence on T & M Computers' operations rather than a negative one.

Question 2

The World Bank was conceived at the ________ Conference in 1944.

Accepted Answer

The answer of The World Bank was conceived at the...

Question 3

A world economy in which the engines of growth could comprise several major industrialized and emerging market economies such as the United States,the European Union,China,India,Brazil,Russia,and South Africa rather than the United States alone is called ______.

Accepted Answer

The answer of A world economy in which the engines...

Question 4

Brazilian Juice,a manufacturer of healthy fruit juices in Brazil,sells juice in six different countries including United States.Brazilian juice is engaging in

Accepted Answer

Brazilian Juice is engaging in globalization by selling its products in multiple countries, including the United States.

Question 5

The period of transformation that adjusts lifestyles to make the Internet and wireless technologies a part of everyday life refers to the ______.

Accepted Answer

The answer of The period of transformation that adjusts lifestyles...

Question 6

Scenario - The Renna Company
Established in 1956,the Renna Company has always maintained its operations within the boundaries of the United States.Originally based in Lexington,Kentucky,this company has now expanded operations into thirteen other U.S.states.While it's inexpensive and efficient cooling and heating products are in high demand even in foreign markets,this company contends it has no desire for international expansion.
Conducting operations strictly within the U.S.borders does not appear to have limited this company overly much.It realized net profits of two billion dollars last year and provided gainful employment for over four thousand workers.The leaders of the Renna Company realize greater profits could be attained through international expansion.However,they stand in agreement when they state,"It is not always the money that best defines the worth of an organization."
The company desire to stay true to its mission statement,which claims,"It will serve the marketplace of the United States with its superior products and provide job opportunities with a fair wage for its employees." The Renna Company is very proud of its products and enjoys the fact they are produced and sold in the United States of America.This company truly reflects the success possible when holding to the fact that "Made in America" is still a winner.
-Which one of the following statements is least likely to be a rationale explaining why the Renna Company staunchly desires to avoid global expansion?

Accepted Answer

The statement about sustainable development is not directly related to the Renna Company's desire to avoid global expansion. The other statements provide valid concerns about the potential negative impacts of globalization, such as job losses, environmental degradation, and economic injustices.

Question 7

A system of responsibility in which an authority,such as the government,is answerable for its actions refers to ________.

Accepted Answer

The answer of A system of responsibility in which an...

Question 8

The Multilateral Investment Guarantee Agency performs which of the following functions?

Accepted Answer

The Multilateral Investment Guarantee Agency (MIGA) is part of the World Bank Group, and its primary function is to provide political risk insurance (guarantees) to investors and lenders to encourage foreign direct investment in developing countries.

Question 9

Scenario - T & M Computers
Thomas Benson and Matthew Roderick started a small computer business ten years ago in Rapid City,South Dakota.Armed only with determination and innovative designs,Thomas and Matthew were driven to achieve success for their company,T & M Computers.Their hard work has indeed,paid off.Since the inception of the company,the two owners have watched their business grow and demand for their products increase.
Four years ago due to this high product demand,they went international with their business operations.Thomas and Matthew now have international business operations in Singapore,France,Turkey,and Great Britain.Further operational expansion is anticipated within the next year and the company plans to begin operations in Spain,Greece,and Italy.
The owner's hard work and dynamic ideas have proven quite profitable for the company.Thomas and Matthew are pleased with how their operation has grown into becoming a major international business worthy of competing with Intel and Microsoft.T & M Computers may well be the next giant recognized in the field of computer software.
-The Everline Corporation's future business plans include expanding into foreign markets where the use of mobile Web browsing is growing rapidly.Which one of the following countries would this organization be least likely to look toward to include in their future expansion plans?

Accepted Answer

The passage does not mention Germany as one of the countries where T & M Computers has operations or where they plan to expand in the future, so it is least likely that Everline Corporation would look towards Germany for their future expansion plans.

Question 10

The _______ is a system of interlinked documents contained and accessed via the Internet.

Accepted Answer

The answer of The _______ is a system of interlinked...

Question 11

A stock exchange where long-term financial instruments such as stocks and bonds can be bought and sold refers to _______.

Accepted Answer

The answer of A stock exchange where long-term financial instruments...

Question 12

Economic development that meets the needs of the present generation without compromising the ability of future generations to meet their own needs,whether environmentally,socially or economically is called ______.

Accepted Answer

The answer of Economic development that meets the needs of...

Question 13

ABC Technology touts in their advertisements that their technology can transfer huge amount of data and other information in a second via the Internet.This describes ABC's _____ in technology.

Accepted Answer

Bandwidth refers to the amount of data that can be transmitted over a network in a given amount of time, so ABC's ability to transfer large amounts of data quickly suggests that they have a high bandwidth.

Question 14

Scenario - T & M Computers
Thomas Benson and Matthew Roderick started a small computer business ten years ago in Rapid City,South Dakota.Armed only with determination and innovative designs,Thomas and Matthew were driven to achieve success for their company,T & M Computers.Their hard work has indeed,paid off.Since the inception of the company,the two owners have watched their business grow and demand for their products increase.
Four years ago due to this high product demand,they went international with their business operations.Thomas and Matthew now have international business operations in Singapore,France,Turkey,and Great Britain.Further operational expansion is anticipated within the next year and the company plans to begin operations in Spain,Greece,and Italy.
The owner's hard work and dynamic ideas have proven quite profitable for the company.Thomas and Matthew are pleased with how their operation has grown into becoming a major international business worthy of competing with Intel and Microsoft.T & M Computers may well be the next giant recognized in the field of computer software.
-There is a perceived economic gap among the various foreign customers of the Everline Corporation.This is thought to be mainly the result of the level of access or lack thereof to modern digital information technologies experienced within these individual countries.Considering this perceived economic gap,Everline's operations may be experiencing influence identified as which of the following?

Accepted Answer

The perceived economic gap among the foreign customers of T & M Computers is due to a lack of access to modern digital technologies. This is commonly known as the digital divide, which refers to the gap between those who have access to digital technologies and those who do not.

Question 15

A world economy in which the engines of growth could comprise the United States,the European Union,China,India,Brazil,Russia,and South Africa rather than the United States alone can be described as a(n)__________.

Accepted Answer

A multi-polar world refers to a world where many countries hold political and economic power, and no single country dominates global affairs. In such a world, the engines of growth would be spread across multiple countries, including those listed, and not concentrated in a single country like the United States.

Question 16

_______ refers to a fundamental global shift in which industrialized country-dependent developing economies begin to grow based on their own underlying economic strengths rather than the ups and downs of the world's richest countries.

Accepted Answer

The answer of _______ refers to a fundamental global shift...

Question 17

The rules,enforcement mechanisms,and organizations that support market transactions are called ______.

Accepted Answer

The answer of The rules,enforcement mechanisms,and organizations that support market...

Question 18

Scenario - T & M Computers
Thomas Benson and Matthew Roderick started a small computer business ten years ago in Rapid City,South Dakota.Armed only with determination and innovative designs,Thomas and Matthew were driven to achieve success for their company,T & M Computers.Their hard work has indeed,paid off.Since the inception of the company,the two owners have watched their business grow and demand for their products increase.
Four years ago due to this high product demand,they went international with their business operations.Thomas and Matthew now have international business operations in Singapore,France,Turkey,and Great Britain.Further operational expansion is anticipated within the next year and the company plans to begin operations in Spain,Greece,and Italy.
The owner's hard work and dynamic ideas have proven quite profitable for the company.Thomas and Matthew are pleased with how their operation has grown into becoming a major international business worthy of competing with Intel and Microsoft.T & M Computers may well be the next giant recognized in the field of computer software.
-T & M Computers plans to begin operations in areas that recently needed financial assistance and undergone certain levels of reconstruction and reorganizing to their economies.Which organization listed below is most likely to have played an integral part in this?

Accepted Answer

The World Bank Group is an organization that provides financial assistance to developing countries through loans, grants, and other financial instruments. T & M Computers plans to begin operations in areas that recently needed financial assistance and undergone certain levels of reconstruction and reorganizing to their economies, indicating that they may have received support from organizations like the World Bank Group. The other options listed are not as directly related to providing financial assistance or support for economic development.

Question 19

The International Finance Corporation (IFC)performs which of the following functions?

Accepted Answer

The International Finance Corporation (IFC) focuses on supporting the private sector in developing countries by providing loans, equity investments, and assistance in building capital markets, rather than focusing on social sector loans, reconstruction, political risk insurance, or dispute resolution.

Question 20

National laws aimed at maintaining competition in all sectors of the economy and preventing monopolistic behavior of firms are called _______.

Accepted Answer

The answer of National laws aimed at maintaining competition in...

Quiz 1: The Rise of Globalization