POST IBA301 Final Exam
A final exam covering international business administration.
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POST IBA301 FINAL EXAM
Question 1
Which 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 is shrinking due to advances in transportation and telecommunications.
Barriers to cross-border trade and investment are declining.
0.5 points
Question 2
Globalization has _____ the opportunities for a firm to expand its revenues by selling around the
world and _____ its costs by producing in nations where key inputs are cheap.
reduced, reduced
increased, increased
increased, reduced
reduced, increased
0.5 points
Question 3
Since the collapse of communism at the end of the 1980s, the erstwhile communist nations have
transformed their economies by encouraging all of the following except:
privatizing state-owned enterprises.
regulating markets.
increasing competition.
welcoming investment by foreign businesses.
0.5 points
Question 4
Identify the incorrect statement concerning globalization.
It has been blamed for unemployment in developed nations, environmental degradation and the
Americanization 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 were
protected from foreign competition.
According to most economists it is a very beneficial process where gains outweigh the losses by
a wide margin.
0.5 points
Question 5
Question 1
Which 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 is shrinking due to advances in transportation and telecommunications.
Barriers to cross-border trade and investment are declining.
0.5 points
Question 2
Globalization has _____ the opportunities for a firm to expand its revenues by selling around the
world and _____ its costs by producing in nations where key inputs are cheap.
reduced, reduced
increased, increased
increased, reduced
reduced, increased
0.5 points
Question 3
Since the collapse of communism at the end of the 1980s, the erstwhile communist nations have
transformed their economies by encouraging all of the following except:
privatizing state-owned enterprises.
regulating markets.
increasing competition.
welcoming investment by foreign businesses.
0.5 points
Question 4
Identify the incorrect statement concerning globalization.
It has been blamed for unemployment in developed nations, environmental degradation and the
Americanization 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 were
protected from foreign competition.
According to most economists it is a very beneficial process where gains outweigh the losses by
a wide margin.
0.5 points
Question 5
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Document Details
University
Post University
Subject
Business Management