(KWIST) Preliminary Exam 27/30

BL-GE-6102-LEC-1923T THE CONTEMPORARY WORLD

Social media has become a ubiquitous part of daily life, but this growth and
evolution has been in the works since the late 70s. From primitive days of
newsgroups, listservs and the introduction of early chat rooms, social media
has changed the way we communicate, gather and share information, and
given rise to a connected global society (Morrison, 2015). This evolution of
social media is what aspect of globalization?

Select one:
a. Sociological
b. Cultural
c. Economic
d. Political
Clear my choice

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In January 1989, the UN Security Council passed a resolution to implement

in April the resolution to establish the UN Transition Assistance Group
(UNTAG) and called for material and personnel support from member
countries. In November, a constitutional assembly election was held under
observation of the UNTAG. As a result, this country became independent in
March 1990 and joined the United Nations in April:

Select one:
a. Zimbabwe
b. Namibia
c. Brazil
d. Singapore
Clear my choice

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Many American companies are now transferring technology development,

customer service, financial and administrative jobs to international markets.
India is the leading recipient of the outsourcing of information technology
functions like software development and maintenance, and also BPOs. The
latter includes back-office functions like accounting, human resources, call
centers and data analysis (DiCarlo, 2003). The practice of farming out jobs
from a home base to other countries, largely in an effort to cut costs is
called:

Select one:
a. Networking
b. Outsourcing
c. Freelancing
d. Local employment
Clear my choice

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Conflicts in Central America made major progress toward a peaceful

settlement, thanks to an active role played by the United Nations. A general
election was held on February 25, 1990. What was the name of the
committee established by UN in response to a request by Central American
countries, which started its activity to ensure the dissolution and
repatriation of the anti-government guerrillas?

Select one:
a. Committee on the Administration of Justice at the United Nations
b. Committee on the Peaceful Uses of Outer Space
c. Committee on Contributions
d. Committee on International Assistance and Verification
Clear my choice

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Korean Pop music or more famously known as K-pop has become a truly
global phenomenon because of its distinctive blend of addictive melodies,
slick choreography and production values, and an endless parade of
attractive South Korean performers who spend years in grueling studio
systems learning to sing and dance in synchronized perfection. Aside from
the music, K-pop has also influenced the global audience in terms of
fashion, movies, dramas, and cuisine. K-pop has been building for two
decades, but K-pop in particular has become increasingly visible to global
audiences in the past five to 10 years. South Korean artists have hit the
Billboard Hot 100 chart at least eight times since the Wonder Girls first
cracked it in 2009 with their crossover hit "Nobody" - released in four
different languages, including English - and the export of K-pop has
ballooned South Korea's music industry to an impressive $5 billion industry.
K-pop is what aspect of globalization?

Select one:
a. National
b. Political
c. Cultural
d. Sociological
Clear my choice

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What is the timeframe over which a product is created, passed on to

exhibit, and over the long run removed from the world market?

Select one:
a. Market revolution
b. Degeneration period
c. Item life cycle
d. Product improvement
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The work that deprives children of their childhood, their potential and their
dignity, and that is harmful to physical and mental development is called:

Select one:
a. Child protection
b. Child labor
c. Child development
d. Child marriage
Clear my choice

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This type of financing is provided by Multilateral Development Banks to

member countries, with maturities of up to 20 years, based on market
interest rates. The financial resources for these loans are obtained by
borrowing on the international capital markets and re-lend to borrowing
governments in developing countries:

Select one:
a. Grant financing
b. Long-term loans
c. Very-long-term loans
d. Personal loans
Clear my choice

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Which of the following statements is not true?

Select one:
a. Economic globalization leads to the development of a "global
marketplace" or "a single world market".
b. Economic globalization is the independence of world economies as a
result of the growing scale of cross-border trade of commodities and
services.
c. A multinational company is a firm or company that has "headquarters" in
one country but with bases, manufacturing or assembly plants in other
countries.
d. Economic globalization is enhanced by the acquisition of multinational
enterprises that resulted to the rise of the profits of that "global
marketplace".
Clear my choice

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According to Albert Subbloie, CEO and Founder of Tangoe, a good

benchmark of whether your company should continue efforts in a country
is when _______ percent of your business is coming from outside the United
States.

Select one:
a. 60-90%
b. 50-60%
c. 10-20%
d. 20-50%
Clear my choice

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With around 20,000 stores in 63 countries, Starbucks, the world's most

popular coffee house has made its mark from Brazil to China, where many
thought it would fail to take off due to the cultural importance of tea
drinking. The company has gone to great lengths to make sure that every
Starbucks feels like a local coffee house, without losing brand consistency.
For example, in China, a regional dislike for coffee was combatted with
coffee-free drinks, whilst stores in Asia feature more adaptable seating
arrangements to cater for larger groups. This effort is what attribute of a
global corporation?

Select one:
a. Measure success
b. Turbo-charged by the internet
c. Understand different cultures
d. Carefully chosen international partners
Clear my choice

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Britain, France, Germany, Russia, Netherlands, Japan, and the United States
colonized countries and spread their empires. These nations have created
global economic, political, cultural, and social connections around the
world. The extending of a country's power and influence is called:

Select one:
a. Communism
b. Imperialism
c. Fascism
d. Interactionism
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Economic globalization is the increasing economic interdependence of

national economies across the world through a rapid increase in cross-
border movement of goods, service, technology, and capital. Some
sociologists, like William I. Robinson has argued that because a capitalist
economy is premised on growth and expansion, a globalized economy is
the inevitable result of ________________.

Select one:
a. Communism
b. Capitalism
c. Interactionism
d. Socialism
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The United Nations defines _____ as a condition characterized by severe

deprivation of basic human needs including food, safe drinking water,
sanitation facilities, health, shelter, education and information.

Select one:
a. Human rights violation
b. Extreme poverty
c. Information loss
d. Mortality rate
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One of the traditional challenges of a country is an invasion of other

countries, which is also called:

Select one:
a. Social Conflic
b. External intervention
c. Civil war
d. Military unrest
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Which of the following examples refers to historical factor influencing

economic globalization?
Select one:
a. The founding of the Association of Southeast Asian Nations (ASEAN)
b. Nike outsourcing its production in China, Thailand, South Korea, Vietnam,
and India
c. Europeans traveled around the globe to barter crafts and furs in
exchange for silks and perfumes in the Middle Ages
d. Taco Bell opening its branches in different parts of the globe
Clear my choice

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This type of financing is provided by the Multilateral Development Banks to

member countries, with maturities of 30 to 40 years, at interest rates well
below market rates. These are funded through direct contributions by
governments in the donor countries:

Select one:
a. Grant financing
b. Long-term loans
c. Very-long-term loans
d. Personal loans
Clear my choice

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McDonald's marketing has different strategy in different regions. Even in

Asia, the advertising content for each country is different. For example, in
Japan, most Japanese have high preferences on animations and the
animation in Japan is the fastest growing industry as well. So McDonald's
tends to use more animation elements for marketing and advertising. It
aims to attract more target customers, including kids, teenagers, and even
young adults. Many well-known cartoons were used in McDonald's
advertisement marketing that enhances the attractiveness and popularity of
products. In Malaysia, the Halal logo are indicated in all kinds of Halal food
advertising. It also emphasizes on good values with draw attentions of local
customs. The customs in different areas presents diversity. McDonald's also
considered the local eating habits to practice the different marketing
strategies. For example, many Chinese people choose Chinese food for
breakfast, McDonald's launched a Chinese-style breakfast based on the
eating habits (Li, 2016). What attribute of global corporations does
McDonald's practice?

Select one:
a. Measure success
b. Understand different cultures
c. Turbo-charged by the internet
d. Carefully chosen international partners
Clear my choice

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The UN Convention on the Rights of the Child is a comprehensive,

internationally binding agreement on the rights of children, a human rights
treaty which sets out the civil, political, economic, social, health and cultural
rights of children. When was the treaty adopted by the United Nations?

Select one:
a. UN General Assembly 1991
b. UN General Assembly 1989
c. UN General Assembly 1990
d. UN General Assembly 1988
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Since joining the world body in 1956, this country has all along positioned
cooperation with the United Nations as a major pillar of its diplomacy. It
has cooperated in UN activities in a wide range of areas, making the second
largest financial contributions among the member States next only to the
United States:

Select one:
a. Japan
b. Germany
c. China
d. France
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This includes private economy, educational institutions, churches, hospitals,

fraternal organizations, and other non-profit organizations:

Select one:
a. Political party
b. Tribe
c. Civil society
d. Council of elders
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The level of personal or family income below which one is classified as poor
according to governmental standards:
Select one:
a. Poverty line
b. Lifestyle reference
c. Social Class
d. Income matrix
Clear my choice

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A group of people who has the ultimate authority to act on behalf of a

state is called:

Select one:
a. Tribe
b. Corporation
c. Government
d. Church
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The 2016 Global Estimates of Child Labour indicate that one-fifth of all
African children are involved in child labour, a proportion more than twice
as high as in any other region. Nine per cent of African children are in
hazardous work, again highest of all the world's regions. Africa has the
largest number of child labourers; 72.1 million African children are
estimated to be in child labour and 31.5 million in hazardous work
(International Labour Organization, 2017). The statement means that:

Select one:
a. Child labor reduces labor shortage.
b. Child labor grooms children to become industrious and independent.
c. Child labor helps businesses reduce the cost of production.
d. Child labor deprives children of their childhood.
Clear my choice

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The decision, the conflict, and the resolution of that conflict are done
through the ______ of the government established and codified in that
particular state, whether or not through elections:

Select one:
a. Understanding
b. Institution
c. Pact
d. Treaty
Clear my choice
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The following statements are correct about globalization except for the
following:

Select one:
a. Globalization is a process of interaction and integration among the
people, companies, and governments of different nations, a process driven
by international trade and investment and aided by information
technology.
b. Globalization is the free movement of goods, services and people across
the world in a seamless and integrated manner.
c. Globalization is a recent phenomenon which traces its origin in the
Information Age and thrived because of the presence of social media
and new technologies.
d. Globalization represents the global integration of international trade,
investment, information technology and cultures.
Clear my choice

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Nike and Apple's "Nike+" is a co-branding collaboration which started as as
a way to bring music from Apple to Nike customers' workouts using the
power of technology: Nike+iPod created fitness trackers and sneakers and
clothing that tracked activity while connecting people to their tunes. It's a
genius co-branding move that helps both parties provide a better
experience to customers - and with the popularity of fitness tracking
technology, Nike+ is ahead of the curve by making it easy for athletes to
track while they play. What attribute of global corporations do Nike and
Apple employ?

Select one:
a. Turbo charged by the internet
b. Carefully chosen international partners
c. Understand different cultures
d. Carefully Chosen Interntional partners
Clear my choice

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Among the eight Millennium Development Goals created by the United

Nations in the 1990's, which ranked first?

Select one:
a. Combat HIV/AIDS, malaria and other diseases
b. Eradicate extreme poverty and hunger
c. Promote gender equality and empower women
d. Ensure environmental sustainability
 Clear my choice

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Which of the following statements is true about the effects of

globalization?

Select one:
a. Globalization creates a more level playing field between nations and
businesses.
b. Globalization promotes interconnection among diverse national
economies.
c. All of the choices.
d. Globalization has influenced the standard of life and personal satisfaction
of people and families throughout the world.
Clear my choice

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In his book, The Modern World System, American sociologist Immanuel
Wallerstein described high-income nations as the ____ of the world
economy.

Select one:
a. Margin
b. Periphery
c. Semi-periphery
d. Core
Philip Morris International is an American cigarette and tobacco company which sells its
products in 180 countries outside the United States. In the Forbes Global 2000 List, it
grabbed the top spot with foreign revenue unsurprisingly accounting for 100 percent of
total revenue, considering that it sells its products exclusively overseas. What attribute of
global corporations does Philip Morris International employ?

Select one:
a. Understand different cultures
b. Turbo-charged by the internet
c. Carefully chosen international partners
d. Measure success

Long before Airbnb persuaded strangers to sleep in one another's homes and became a $25
billion company, it was just an idea to make extra bucks and make rent. It started with an
email. Joe Gebbia sent his roommate, Brian Chesky, an idea: What if they made a designer's
bed and breakfast, complete with a sleeping mat and breakfast? It was a way to "make a few
bucks." Almost nine years later that idea is worth $25 billion. They created a simple site,
airbedandbreakfast.com, and bought three air mattresses. The duo had met at college at the
Rhode Island School of Design, so they thought acting as tour guides to designers would be
a fun way to make money. By 2011, four years after the first air mattress guests, Airbnb was
already in 89 countries and had hit 1 million nights booked on the platform. It also finally
won the break-out mobile app award at SXSW - despite having tried to launch there three
years earlier (Carson, 2016). What attribute of global corporations contributed to the
success of Airbnb?

Select one:
a. Understand different cultures
b. Carefully chosen international partners
c. Turbo-charged by the internet
d. Measure success

Which of the following examples refers to political factor influencing economic

globalization?Which of the following is not true about the history of global market
integration?

a. The Lydians introducing the coins in the western world in 700 BC

b. The founding of the World Trade Organization (WTO)

c. Wal-Mart benefits greatly from having the vast majority of its goods manufactured in China.

d. IBM currently employs more workers in India than it does in the United States

Select one:
a. The unification of commodities promoted trade and economic development.
b. International trade expanded because of new technologies in transportation and
communication.
c. The high costs of and the risks associated with long voyages did not limit trade to a
relatively small set of commodities of high value relative to their weight and bulk.
d. Global market integration is almost as old as humanity.

Which of the following is not true about the attributes of global corporations?

Select one:
a. High-growth companies view international markets as untapped markets full of potential.
b. Companies that invest in the internet and produce web-based products are more unlikely
to grow globally because there is more money involved in their international expansion.
c. Companies must be aware of different cultures and business practices among countries in
order to connect, be efficient, and stay on the same page.

This type of financing is provided by the Multilateral Development Banks to member countries,
mostly for technical assistance, advisory services, or project preparation:

Select one:

Grant financing
Long before Airbnb persuaded strangers to sleep in one another's homes and became a $25
billion company, it was just an idea to make extra bucks and make rent. It started with an email.
Joe Gebbia sent his roommate, Brian Chesky, an idea: What if they made a designer's bed and
breakfast, complete with a sleeping mat and breakfast? It was a way to "make a few bucks."
Almost nine years later that idea is worth $25 billion. They created a simple site,
airbedandbreakfast.com, and bought three air mattresses. The duo had met at college at the
Rhode Island School of Design, so they thought acting as tour guides to designers would be a
fun way to make money. By 2011, four years after the first air mattress guests, Airbnb was
already in 89 countries and had hit 1 million nights booked on the platform. It also finally won
the break-out mobile app award at SXSW - despite having tried to launch there three years
earlier (Carson, 2016). What attribute of global corporations contributed to the success of
Airbnb?

Select one:

a. Turbo-charged by the internet

Based on the Modern World System of Immanuel Wallerstein, which of the following
statements is incorrect?

Select one:
a. The periphery is economically dependent on the core.

b. The semi-periphery of the world economy is the manufacturing base of the planet