OUR LADY OF MERCY COLLEGE

BRGY, LOCSOON, BORONGAN CITY, EASTERN SAMAR

BORONGAN CITY PHILLIPPINE

LONG QUIZ IN CONTEMPORARY WORLD

d. The promotion of environmental sustainability
through global initiatives
1. The presence of Hollywood movies in theater
7. Which of the following is an example of social
throughout the world is best described as which of the
globalization?
following?
a. The diffusion of religious beliefs and practices
a. Globalization
across continents
b. Globalism
b. The standardization of business practices in
c. Cultural Imperalism
multinational corporations
d. Social Globalization
c. The spread of global health initiatives to combat
2. Which of the following is an example of cultural
infectious diseases
globalization?
d. The promotion of environmental sustainability
a. The spread of American fast food chains around
through global initiatives
the world
8. Which of the following is an example of educational
b. The development of international trade
globalization?
agreements
a. The revival of indigenous languages and traditions
c. The exchange of technological innovations
b. The promotion of local food movements and
between countries
sustainable agriculture
d. The use of social media globally
c. The establishment of international student
3. Which of the following is an example of economic
exchange programs
globalization?
d. The adaptation of traditional clothing styles in the
a. The increasing interconnectedness of financial
fashion industry
markets worldwide
9. Which of the following is an example of demographic
b. The celebration of diverse cultural festivals in
globalization?
urban centers
a. The migration of people from rural areas to urban
c. The sharing of scientific research across
centers across the globe
international borders
b. The rediscovery and revitalization of traditional
d. The exchange of technological innovations
dance forms
between countries
c. The resurgence of interest in traditional medicine
4. Which of the following is an example of technological
and healing practices
globalization?
d. The exchange of technological innovations
a. The use of social media platforms across different
between countries
countries
10. What is market integration?
b. The preservation of traditional crafts and practices
a. The process of separating markets to create
c. The promotion of environmental sustainability
distinct economic zones
through global initiatives
b. The process of combining different markets into a
d. The celebration of diverse cultural festivals in
single market
urban centers
c. The process of regulating markets to prevent
5. Which of the following is an example of environmental
monopolies
globalization?
d. The adaptation of traditional clothing styles in the
a. The implementation of international agreements
fashion industry
to address climate change
11. Which of the following is an example of market
b. The adaptation of traditional clothing styles in the
integration?
fashion industry
a. Imposing trade barriers and tariffs between
c. The exchange of culinary techniques and recipes
countries
across cultures
b. Forming a regional trade bloc like the European
d. The preservation of traditional crafts and practices
Union
6. Which of the following is an example of political
c. Restricting foreign investment in domestic markets
globalization?
d. The process of regulating markets to prevent
a. The formation of international organizations such as
monopolies
the United Nations
12. What is the main goal of market integration?
b. The proliferation of global sports events like the
a. To limit access to foreign goods and services
Olympics
b. To centralize control over the economy
c. The integration of diverse musical influences in
c. To increase competition and consumer choice
popular music
 d. Imposing trade barriers and tariffs between
countries
13. Which of the following is a benefit of market
integration?
a. Decreased market efficiency
b. Increased economies of scale
c. Reduced access to international markets
d. To increase the taxation of small businesses
14. How does market integration impact consumers?
a. It reduces the variety of products available
b. It limits consumer access to global markets
c. Decreased market efficiency
d. It often leads to lower prices and increased
product options
15. What is horizontal market integration?
a. It refers to a situation where a company acquires
or merges with a competitor in the same industry
and at the same stage of production.
b. It refers to a situation where a company acquires
or merges with a supplier or distributor in a
different industry.
c. It refers to a situation where a company expands
its operations globally.
d. Both b and c
16. What is vertical market integration?
a. It refers to a situation where a company acquires
or merges with a competitor in the same industry
but at a different stage of production.
b. It refers to a situation where a company acquires
or merges with a supplier or distributor in a
different industry.
c. It refers to a situation where a company expands
its operations domestically.
d. None of the above
17. What is the primary goal of horizontal market
integration?
a. To gain control over the supply chain.
b. To reduce competition and increase market
power.
c. To diversify the company's portfolio.
d. All of the above
18. Which of the following is an example of vertical market
integration?
a. A car manufacturer acquiring a tire company.
b. A technology company merging with a software
development firm.
c. A clothing retailer opening new stores in different
cities.
d. Both a and b
19. What are the potential advantages of horizontal
market integration?
a. Economies of scale and increased market power.
b. Access to new technologies and diversification.
c. Enhanced brand recognition and customer loyalty.
d. All of the above
20. What are the potential advantages of vertical market
integration?
a. Increased product diversification and brand
recognition.
b. Access to new markets and customer segments.
c. Access to new technologies and diversification
d. Greater control over the supply chain and cost
efficiencies

IDENTIFICATION:

LIBERALIZATION FREE TRADE GLOBALIZATION OF ECONOMIC ACTIVITY

LIBERALIZATION OF IMPORT-EXPORT SYSTEM PRIVATIZATION INCREASED
COLLABORATION ECONOMIC REFORMS
1. Economic
activities are to be governed both by the domestic market and also the world market.
2. Keeping the state away from ownership of means of reproduction and distribution and letting the free flow of
industrial, trade and economic activity across border.
3. It stands for freedom of entrepreneurs to establish any industry or trade or business venture, within their own
countries or abroad.
4. Encouraging fiscal and financial reforms with a view to give strength to free world trade, free enterprises and market
forces.
5. Encouraging the process of collaborations among entrepreneurs with a view to secure rapid modernizations.
6. It stands for liberating the impor-export activity and securing a free flow of goods and services across borders
7. It stands for free flow or trade relations among all the nations.

PLUS 3 FOR YOUR ANTI-CHEAT FOLDER