Title: Globalization and International Business
Course: Demo 1

Q: A global economy is one where companies actively compete with businesses located:
- only in their county
- within their jurisdiction
- all around the world
A: all around the world

Q: International business includes the global exchange of:
- goods and services
- intellectual property
- contractual assets or liabilities
A: goods and services; intellectual property

Q: Globalization is driven by:
- advances in technologies that speed communication and transport
- competitive factors
- an agreement by governments around that globe that free exchange is preferable
A: advances in technologies that speed communication and transport; competitive factors

Q: If a company that produces and sells goods in an industrialized country moves production to a developing country, which of the following may happen?
- Job opportunities in the developing country may increase.
- Workers in the industrialized country may lose their jobs.
- Costs may increase in the industrialized country.
A: Job opportunities in the developing country may increase.; Workers in the industrialized country may lose their jobs.

Q: Which of the following are impacts of a company moving production from an industrialized country to a developing country?
- jobs are lost in the industrialized country as facilities and processes are relocated
- increased opportunities for employment are created in the developing company
- costs will increase in the industrialized country
A: jobs are lost in the industrialized country as facilities and processes are relocated; increased opportunities for employment are created in the developing company

Q: Costs of production are lower in developing countries because:
- wages are lower.
- workers do not have government and company benefits similar to those in industrialized countries.
- companies do not have to pay for raw materials to produce their goods.
A: wages are lower.; workers do not have government and company benefits similar to those in industrialized countries.

Q: Costs of production are higher in industrialized countries because:
- workers receive benefits from their employers such as health insurance
- companies may have to import raw materials required for production
- there are few regulations or laws protecting workers from unsafe working conditions
A: workers receive benefits from their employers such as health insurance; companies may have to import raw materials required for production

Q: Globalization provides:
- an unequivocally positive benefit to the global community
- an unequivocally damaging impact on the global community
- costs and benefits that must be weighed and managed carefully
A: costs and benefits that must be weighed and managed carefully