BUS 475 Globalization, Corporate Social Responsibility, and International Business Practices: A Comprehensive Quiz

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BUS 475Globalization, Corporate Social Responsibility, and InternationalBusiness Practices: A Comprehensive QuizBUS 475 Week 5 quiz 4Question 1The term “race to the bottom” refers to:AnswerSeeking to mine rich minerals from the bottom of theocean.Moving production jobs to the country with the lowest labor cost.Efforts to deconstruct the assembly process in manufacturing industries.An old concept of globalization ta is no longer relevant.Question 2Single-party rule by communistparties still remains in:AnswerLithuania.Vietnam.Thailand.Russia.Question 3A society where economic power is concentrated in the hands of government officials andpolitical authorities is called:AnswerA central state control system.

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A socialdemocracy.A political control system.A military dictatorship.Question 4Technological innovation has aided the spread of globalization by:AnswerBuilding advanced technologies that can be sold in the global marketplace.Building advancedtechnologies that can be bought in the global marketplace.Leveling the playing field and allowing all to participate on an equal footing in global commerce.Building advanced technologies that can be sold in the domestic marketplace.Question 5A critic of globalization might argue that companies decide to manufacture in China mainlybecause of China’s:AnswerStrict law enforcement.High environmental standards.Weak health and safety regulations.Strong worker unions.Question 6A firm that would like to develop a global supply chain would:AnswerManufacture components or supplies in other countries.Sell raw materials, components or supplies produced at home abroad.Purchase raw materials, components, or supplies from sellers in othercountries.

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Check products that were manufactured abroad for defects in their home country.Question 7The three strategies of globalization can be summarized using what three words?AnswerChannels, operations, and chains.Export, locate, andpurchase.Sell, make, and buy.Ethics, import, and sell.Question 8A firm that has global operations has:AnswerAll of their manufacturing and service operations abroad.Some or all of their manufacturing or service operations abroad.

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