Business And Society
Test Quiz 4
Status Completed
Instructions
This quiz consist of 30 multiple choice questions. The first 15
questions cover the material in Chapter 6. The second 15 questions
cover the materi
...
Business And Society
Test Quiz 4
Status Completed
Instructions
This quiz consist of 30 multiple choice questions. The first 15
questions cover the material in Chapter 6. The second 15 questions
cover the material in Chapter 7. Be sure you are in the correct
Chapter when you take the quiz.
Question 1
5 out of 5 points
The term “race to the bottom” refers to:
Answer
Selected Answer:
Correct Answer:
Moving production jobs to the country with the lowest labor cost.
Question 2
5 out of 5 points
What U.S. company is the best example of using globalization to reduce the price of its
products?
Answer
Selected
Answer:
Walmart.
Correct Answer:
Walmart.
Question 3
5 out of 5 points
The three strategies of globalization can be summarized using what three words?
AnswerSelected Answer:
Correct Answer:
Sell, make, and buy.
Question 4
5 out of 5 points
A firm that would like to develop a global supply chain would:
Answer
Selected Answer:
Correct Answer:
Purchase raw materials, components, or supplies from sellers in other
countries.
Question 5
5 out of 5 points
A critic of globalization might argue that companies decide to manufacture in China mainly
because of China’s:
Answer
Selected Answer:
Correct Answer:
Weak health and safety regulations.
Question 6
5 out of 5 points
Technological innovation has aided the spread of globalization by:
Answer
Selected Answer:Correct
Answer:
Leveling the playing field and allowing all to participate on an equal
footing in global commerce.
Question 7
0 out of 5 points
The richest 1 percent of the people in the world receives as much income annually as:
Answer
Selected Answer:
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