21/04/2022, 19:06 Prelim Exam: Attempt review

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Prelim Exam

Started on Friday, 18 February 2022, 1:57 AM

State Finished
Completed on Friday, 18 February 2022, 2:44 AM
Time taken 47 mins 11 secs
Marks 28.00/30.00
Grade 93.33 out of 100.00

Question 1
Correct

Mark 1.00 out of 1.00

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

Select one:
a. Poor countries lack industrial capacity that's why they need to import expensive goods from rich nations.

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

c. The periphery is economically dependent on the core.

d. High-income nations are considered "core" of the world economy.

Question 2
Correct

Mark 1.00 out of 1.00

Which of the following statements is true about the effects of globalization?

Select one:
a. All of the choices. 

b. Globalization creates a more level playing field between nations and businesses.

c. Globalization promotes interconnection among diverse national economies.

d. Globalization has influenced the standard of life and personal satisfaction of people and families throughout the world.

Question 3
Correct

Mark 1.00 out of 1.00

When did the UN Security Council decided on comprehensive and mandatory sanctions, for the first time in the past 22 years against Iraq's
invasion of Kuwait?

Select one:
a. August 1990 

b. July 1990

c. June 1990

d. May 1990

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Question 4
Correct

Mark 1.00 out of 1.00

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. Freelancing

b. Local employment

c. Outsourcing 

d. Networking

Question 5
Correct

Mark 1.00 out of 1.00

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

Select one:
a. Periphery

b. Semi-periphery

c. Core 

d. Margin

Question 6
Correct

Mark 1.00 out of 1.00

The United Nations came into being in 1945, following the devastation of the Second World War, with one central mission: the maintenance
of international peace and security. The UN does this by working to prevent conflict; helping parties in conflict make peace; peacekeeping;
and creating the conditions to allow peace to hold and flourish. What aspect of globalization deals with the establishment of UN in order to
maintain international peace and security?

Select one:
a. Cultural

b. Economic

c. Sociological

d. Political 

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Question 7
Correct

Mark 1.00 out of 1.00

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. Europeans traveled around the globe to barter crafts and furs in exchange for silks and perfumes in the Middle Ages 

c. Taco Bell opening its branches in different parts of the globe

d. Nike outsourcing its production in China, Thailand, South Korea, Vietnam, and India

Question 8
Correct

Mark 1.00 out of 1.00

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. Interactionism

b. Socialism

c. Capitalism 

d. Communism

Question 9

Correct

Mark 1.00 out of 1.00

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. Carefully chosen international partners

d. Understand different cultures 

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Question 10
Correct

Mark 1.00 out of 1.00

The following statements are correct about globalization except for the following:

Select one:
a. 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.

b. Globalization is the free movement of goods, services and people across the world in a seamless and integrated manner.

c. Globalization represents the global integration of international trade, investment, information technology and cultures.

d. 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.

Question 11
Correct

Mark 1.00 out of 1.00

Which of the following examples refers to generation issues as factors influencing economic globalization?

Select one:
a. Establishment of the North Atlantic Treaty Organization (NATO)

b. USA outsourcing IT professionals in India

c. The silk route or silk road

d. Toyota factories and assembling plants in different parts of the globe 

Question 12

Incorrect

Mark 0.00 out of 1.00

One of the traditional challenges of a country is an invasion of other countries, which is also called:

Select one:
a. Civil war

b. Social conflict

c. Military unrest 

d. External intervention

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Question 13
Correct

Mark 1.00 out of 1.00

The European Union grew out of a desire for peace in a war-torn and divided continent. Five years after World War II ended, France and
Germany came up with a plan to ensure their two countries would never go to war against each other again. The result was a deal signed by
six nations to pool their coal and steel resources in 1950. Seven years later a treaty signed in Rome created the European Economic
Community (EEC) - the foundations of today's European Union. The UK was one of three new members to join in the first wave of expansion
in 1973. Today the EU has 28 member states with a total population of more than 500 million (bbc.com). The founding of the European Union
is influenced by what aspect of globalization?

Select one:
a. Political 

b. Sociological

c. Imperial

d. Cultural

Question 14
Correct

Mark 1.00 out of 1.00

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. Singapore

b. Brazil

c. Namibia 

d. Zimbabwe

Question 15
Correct

Mark 1.00 out of 1.00

The United Nations came into being in 1945, following the devastation of the Second World War, with one central mission: the maintenance
of international peace and security. The United Nations is responsible for maintaining ceasefires and stabilizing situations on the ground,
providing crucial support for political efforts to resolve conflict by peaceful means. Those missions consisted of unarmed military observers
and lightly armed troops with primarily monitoring, reporting and confidence-building roles. Which unit of the United Nations is responsible
for these efforts?

Select one:
a. Trusteeship Council

b. Economic and Social Council

c. Secretariat

d. Security Council 

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Question 16
Correct

Mark 1.00 out of 1.00

An ideology that is similarly geared towards a decrease of international barriers but with the aim of the economic betterment of the planet in
mind, not the perpetuation of power and privilege in the hands of the western dominated economies:

Select one:
a. Internationalism 

b. Isolation

c. Localization

d. Privatization

Question 17
Correct

Mark 1.00 out of 1.00

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. Mortality rate

b. Extreme poverty 

c. Human rights violation

d. Information loss

Question 18

Correct

Mark 1.00 out of 1.00

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. Product improvement

b. Item life cycle 

c. Market revolution

d. Degeneration period

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Question 19
Correct

Mark 1.00 out of 1.00

The level of riches, comfort, material merchandise, cash and necessities accessible to a specific financial class in a specific region is called:

Select one:
a. Social stratum

b. Poverty line

c. Way of life 

d. Personal satisfaction

Question 20
Incorrect

Mark 0.00 out of 1.00

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. Value opportunity to expand 

b. Carefully chosen international partners

c. Turbo charged by the internet

d. Understand different cultures

Question 21
Correct

Mark 1.00 out of 1.00

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. France

b. Japan 

c. Germany

d. China

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Question 22
Correct

Mark 1.00 out of 1.00

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 should research and understand the different cultures they are tapping into in order to be successful in not only building
key relationships that will open up doors down the road, but connecting with the right consumers as well.

d. Companies must be aware of different cultures and business practices among countries in order to connect, be efficient, and stay on
the same page.

Question 23
Correct

Mark 1.00 out of 1.00

The term international financial institution typically refers to the International Monetary Fund, the World Bank Group, the African
Development Bank, the Asian Development Bank, the Inter-American Development Bank, and the European Bank for Reconstruction and
Development. The last five banks are considered MDBs. What does MDBs stand for?

Select one:
a. Multilingual Development Banks

b. Multicultural Development Banks

c. Multilateral Development Banks 

d. Multifunctional Development Banks

Question 24
Correct

Mark 1.00 out of 1.00

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. Ensure environmental sustainability

c. Promote gender equality and empower women

d. Eradicate extreme poverty and hunger 

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Question 25
Correct

Mark 1.00 out of 1.00

The five Multilateral Development Banks are composed of the following, except:

Select one:
a. European Bank for Reconstruction and Development

b. World Bank Group

c. Green Climate Fund 

d. Asian Development Bank

Question 26
Correct

Mark 1.00 out of 1.00

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

Select one:
a. International trade expanded because of new technologies in transportation and communication.

b. 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.

c. The unification of commodities promoted trade and economic development.

d. Global market integration is almost as old as humanity.

Question 27
Correct

Mark 1.00 out of 1.00

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. Treaty

b. Understanding

c. Institution 

d. Pact

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Question 28
Correct

Mark 1.00 out of 1.00

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. Turbo-charged by the internet

b. Carefully chosen international partners

c. Understand different cultures 

d. Measure success

Question 29
Correct

Mark 1.00 out of 1.00

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. Political

b. Economic

c. Sociological 

d. Cultural

Question 30
Correct

Mark 1.00 out of 1.00

KFC was founded by Colonel Harland Sanders, an entrepreneur who began selling fried chicken from his roadside restaurant in Corbin,
Kentucky during the Great Depression. Sanders identified the potential of the restaurant franchising concept, and the first "Kentucky Fried
Chicken" franchise opened in Utah in 1952. By 1963, Sanders was fielding franchise requests without having to put in the legwork, and had
more than 600 restaurants across the US and Canada selling Kentucky Fried Chicken. Years later, Kentucky Fried Chicken would establish its
own restaurants around the world, and the rest is history. The success of KFC as a business is what attribute of global corporations?

Select one:
a. Carefully chosen international partners

b. Understand different cultures

c. Value opportunity to expand 

d. Turbo-charged by the internet

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