Yum Brands owns
A) none of its outside-U.S. restaurants.
B) a small share of its outside-U.S. restaurants.
C) nearly half of its outside-U.S. restaurants.
D) a substantial majority of its outside-U.S. restaurants.
E) virtually all of its outside-U.S. restaurants.
_____ treat the world market as an integrated whole.
A) Multidomestic corporations
B) Transnational organizations
C) Global companies
D) Glocal organizations
E) None of the answer choices is correct.
The idea that globalization will lead to a multifaceted world culture with parts that are connected but still distinct and separate is called _____ .
A) cultural uniformity
B) hybridization
C) McDonaldization
D) enculturation
A consequence of the world movement toward financial integration and openness is
A. depreciating exchange rates.
B. financial interdependence coupled with a tenfold increase in the volume of foreign assets.
C. a retreat toward safety and heavier regulation of financial flows
D. dominance by the United States as being the only destination for investment funds.
Globalization has depressed wages in western industrialized countries, particularly those for
A) highly skilled workers.
B) highly educated workers.
C) semi-skilled workers.
D) low skilled workers.
The Resolution Trust Corporation was created by the FIRREA in order to:
a. manage and resolve insolvent S&Ls.
b. build up trust in government regulation.
c. regulate the S&L industry.
d. purchase large amounts of government debt.
Globalisation refers to:
A) Problems such as climate change
B) Complementarity between economies
C) The way in which national economies are becoming increasingly interconnected with one another
D) A modern form of colonialism
All of the following are factors mitigating against global trade liberalization except
a. regional trading arrangements may limit trade liberalization with outsiders.
b. a small nation might do better entering into a pact with a larger nation, rather than competing globally.
c. trading bloc members may not realize economies of scale through global liberalization.
d. trading bloc members prefer competing globally rather than locally.