JOSEFINA H.

CERILLES STATE COLLEGE – TAMBULIG CAMPUS

SUMMATIVE TEST, 1st Semester, S.Y. 2022 - 2023
THE CONTEMPORARY WORLD

NAME: _________________________ COURSE & YEAR: _____________

Test I – Multiple Choice: Encircle the letter of your answer. (__ points)

1. Which of the following is a driver of globalization?

a. Trade barriers and controls on inflows of foreign direct investment
b. Weak competition
c. Technological advance
d. Economies of scale are being exploited to the maximum
2. Globalization represents an increasing integration of all the following except:
a. Economics b. Culture c. Communication d. Morals
3. Considered as one of the most crucial advantages of globalization that had led the generation of
numerous job offers.
a. Education b. Employment c. Communication d. Transportation
4. Globalization can create problems for business because:
a. It can result in more competition.
b. It reduces vulnerability to political risk and uncertainty when operating abroad.
c. It means that they can increase prices.
d. All of the above.
5. What is a good effect of environmental globalization?
a. Deforestation c. Environmental Management
b. Loss of natural resources d. Uncontaminated water
6. What is a good effect of environmental globalization?
c. Deforestation c. Environmental Management
d. Loss of natural resources d. Uncontaminated water

Test II – True or False: Shade A if the statement is True and B if the statement is False. (20 points)

1. One of the disadvantages of globalization is it has given rise to more health risk and present new
threats and challenges for pandemics. TRUE
2. Globalization is a bad thing for the cultural individualism. TRUE
3. Communication slows down transportation of goods. FALSE
4. Globalization starts conflicts with other countries. TRUE
5. Globalization helps to connect to the world. TRUE
6. Globalization is beneficial for firms because it opens up new market of opportunities. TRUE
7. Not all parts of the world gained or equally gained from the growth of the global economy. TRUE
8. Globalization is the process in which people, ideas and goods spread throughout the world, spurring
more interaction and integration between the world's cultures, governments and economies. TRUE
9. Globalization is about lessening worldwide connectivity. FALSE
10. The emergence of the Renaissance that is an important era of globalization happened during the
pre-modern period. FALSE
11. The Modern Period sees the era of innovations in transportation and communication technology,
population explosion, and increase in migration. TRUE
12. Globalization can be planned and controlled. FALSE
13. Globalization happened only during the contemporary period. FALSE
14. The World Bank has focused on policing the world trading system and making sure nation-states
adhere to the rules laid down in trade treaties. FALSE
15. Low-cost global communications networks such as the World Wide Web are helping to create
electronic global marketplaces. TRUE

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Test III – Identification: On the space provided before each item, write the terms being defined or described.

HOW KNOWLEDGEABLE OF THE CONTEMPORARY WORLD ARE YOU?

________________ 1. It is the year when global economic system started.

________________ 2. This refers to the gain in the expected income from a given product.
________________ 3. This occurs when spending exceeds the revenue available in a given period of time.
________________ 4. This is prevalent when expenses are less than the incomes and is common in
governments.
________________ 5. This occurs when imports are more than exports in a country.
________________ 6. This is the establishment of a global common market, based on the freedom of
exchange of goods and capital.
________________ 7. This is the development of worldwide financial markets and better access to
external financing for borrowers.
________________ 8. This is the increase in information flows between geographically remote locations.
________________ 9. The refers to sharing of ideas, attitudes and values across national borders.
________________ 10. The is the creation of international organizations to regulate the relationships among
governments.
________________ 11. According to him, global economy of the century was not equally good for everyone
and was bad for many.

Test IV – Enumeration: List all of the items required.

1 – 4. The driving forces behind the process of globalization.

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