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POST IBA301 Final Exam

A final exam covering international business administration.

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POST IBA301 FINAL EXAMQuestion 1Which of the following is not characteristic of globalization?National economies are turning into independent economic systems.Material culture is starting to look similar the world over.Perceived distance isshrinking due to advances in transportation and telecommunications.Barriers to cross-border trade and investment are declining.0.5 pointsQuestion 2Globalization has _____ the opportunities for a firm to expand its revenues by selling around theworld and _____ its costs by producing in nations where key inputs are cheap.reduced, reducedincreased, increasedincreased, reducedreduced, increased0.5 pointsQuestion 3Since the collapse of communism at the end of the 1980s, the erstwhile communist nations havetransformed their economies by encouraging all of the following except:privatizing state-owned enterprises.regulating markets.increasing competition.welcoming investment by foreign businesses.0.5 pointsQuestion 4Identify the incorrect statement concerning globalization.It has been blamed for unemployment in developed nations, environmental degradation and theAmericanization of popular culture.It has created new threats for businesses accustomed to dominating their domestic markets.It is transforming industries and is highly welcomed by those who believed their jobs wereprotected from foreign competition.According to most economists it is a very beneficial process where gains outweigh the losses bya wide margin.0.5 pointsQuestion 5

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Document Details

University
Post University
Course
IBA 301
Subject
Business Management

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