Contempo Final

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1. Technically, globalization is found to have the largest effect on ___.

 *
2 points

Transportation
Businesses
Employment
Economies

2. As economies grow, which of the following demands more? *


2 points

Raw materials
Labor
Capital
Goods

3. Which of the following statements best describes our understanding of the term
'globalization'? *
2 points

Best described as intensification of worldwide social relations and increasing interdependence,


globalization is the result of the compression of space and time through the development of new
technologies
Globalization is best described as the 'shrinking' of the global community, drawing people into
closer contact with one another primarily at the economic and technical levels
Globalization refers to the process by which shared hegemonic values pervade societies across
the globe, drawing them into an ideological community, most often based on the economic
principles of capitalism
Globalization has occurred since the 1980s, originating in Western Europe as a centre of political
power and technological advancement

4. Which of the following refers to the international exchange of goods and services
that is expressed in money? *
2 points

Global Economy
Technological Economy
Interdependent Economy
World Finances

5. The world economy is exclusively limited to human economic activity *


2 points

False
True
Partly true
Partly false
6. Why does globalization contribute certain problems for business? *
2 points

This can actually result in more competition


It means that they can increase prices
It reduces vulnerability to political risk and uncertainty when operating abroad
None of the choices

7. Which of the following statements is FALSE? *


2 points

Global corporation has significant investments in multiple countries


International companies have their own headquarters
Global corporation operates in one country to expand its own enterprises
International companies typically bring a large presence in different areas

8. What action happens when prices among different locations follow the same
patterns over a long period of time? *
2 points

Global Market
Resource Integration
Financial Integration
Market Integration

9. Which among the types of world-systems focus on capital-intensive production? *


2 points

Periphery countries
Semi-periphery countries
Core countries
All of the above

10. Which of the following is NOT a purportedly beneficial outcome of the globalization
process? *
2 points

The growing sense of global community, resulting in super-national identities that result from
populations feeling closer to one another
A global market that has demonstrated the ability, if left unchecked, to reduce poverty and make
substantial economic gains
The redistribution of wealth, addressing disparities in economic and resource allocation across
the globe through a sense of greater 'interconnectedness'
The sharing of ideas, technologies and resources that can directly benefit human security, such
as medical advancements

11. There is a spread of language and customs across the world as people are closely
connected. What area of globalization is referred to in this situation? *
2 points

Political
Cultural
Economic
Information

12. Which of the following choices is best referred to the term globalization? *
2 points

This refers to the limited interaction among neighboring countries


Globalization pertains to the different types of societies found in a certain locality
This term emphasizes the different inventions done in a certain country to improve its economy
This is the process of interaction and integration among different sectors worldwide

13. Through the publication entitled Towards New Education, what was the term
coined to denote a holistic view of human experience in education? *
2 points

Globe
Globalization
Globalize
Globules

14. Globalization has improved in the living structure of __. *


2 points

All the people


People in developed countries
None of these
Workers in developing countries

15. According to billionaire Razon, globalization by the half of 2021 will be overdue to
COVID-19. Which among the choices support this prediction? *
2 points

Government agencies are strengthening relations among neighboring countries


Lockdowns and several restrictions put local and global businesses on hold
Health workers are facing a huge issue in addressing the needs of COVID-19 patients
The circulation of the global monetary system crashes by 0.09%

16. What is the process of designating laws, rules, or regulations intended for a global
scale? *
2 points

Global integration
Global presence
Global governance
Global consensus

17. Which of the following does NOT belong to the group? *


2 points

World Bank Group


International Monetary Fund
Asian Development Bank
Inter-American Development Bank

18. Which of the following is a driver of globalization? *


2 points

Trade barriers and controls


Weak competition
Exploitation of economic scales
Technological innovations

19. What refers to the way resources, power, or goods are divided among people or
groups? *
2 points

Foreign Investment
Distribution
Free trade
Imports & Exports

20. Which among the types of world-systems focus on labor-intensive production? *


2 points

Core countries
Semi-periphery countries
All of the above
Periphery countries

21. Which refers to a larger than anticipated spreading of an infectious disease


through a population of people living in a large area that transcends borders? *
2 points

Endemic
Pandemic
Epidemic
Oedemic

22. Which among the choices is NOT an indicator of globalization? *


2 points

Environment
Foreign trade
Enterprises
Regionalization

23. Which of the following statements is TRUE? *


2 points

This looks at different perspectives of people and then note for observation
World system theory refers to the utmost interaction of nation states
World system theory emphasizes the world-system unit of social analysis
All of the above

24. When was the term globalization used in the economic sense? *
2 points

1980
1981
1975
1978

25. How has globalization affected developed countries? They are turning their focus
to __. *
2 points

The sovereignty of their country


Providing services
Manufacturing goods
Producing technological innovations

26. Which of the following choices are considered as major areas of globalization? (I)
Cultural; (II) Social; (III) Economic; (IV) Political *
2 points

I, II, and III


None of these
I, II, III, IV
I, III, and IV

27. Which of the following statements is TRUE? *


2 points

Technology, as an indicator of globalization, boosts the job production rate of large companies
Having enough knowledge for globalization will let the students propose solutions collaboratively
Globalization enhances the inhibition of local economies that they can be able to preserve the
cultural heritage
Brought by globalization, small businesses have gotten passive in the global environment
28. Which of the following choices refer to the increasing interdependence of world
economies? *
2 points

Cultural globalization
Media globalization
Monetary globalization
Economic globalization

29. This term was coined by Charles Taze Russel to mean that these refer to the
biggest and largest companies? *
2 points

Corporate giants
Global trade and transaction
Migration of Knowledge
Corporations

30. Which of the following choices involve globalization? *


2 points

Health workers are facing a huge issue in addressing the needs of COVID-19 patients
The circulation of the global monetary system crashes by 0.09%
Government agencies are strengthening relations among neighboring countries
All of the above

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