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Bus 385

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Submitted By Lucifer22
Words 1459
Pages 6
Which of the following is not characteristic of globalization?
Answer
|[pic]|a|Material culture is starting to look similar the world over. |
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|[pic]|b|National economies are turning into independent economic systems. |
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|[pic]|c|Barriers to cross-border trade and investment are declining. |
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|[pic]|d|Perceived distance is shrinking due to advances in transportation and telecommunications. |
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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.
Answer
|[pic]|a|reduced, increased |
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|[pic]|b|increased, reduced |
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|[pic]|c|increased, increased |
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|[pic]|d|reduced, reduced |
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According to the characterization common in international business texts, _________ believe that socialism is achieved through violent revolution.
Answer
|[pic]|a|social democrats |
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|[pic]|b|democrats |
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|[pic]|c|communists |
| |.| |
|[pic]|d|capitalists

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