1. All of the following statements are true about globalization EXCEPT? ________.

A. the worldwide availability of the Internet and supply chain logistical improvements permits companies to locate anywhere and work with multiple partners to serve any market

B. globalization is the integrated internationalization of markets and corporations

C. as more industries become? global, strategic management allows managers to position a company for? long-term competitive advantage

D. globalization has not impacted the way businesses do business

E. as more industries become? global, strategic management is becoming an increasingly important way to keep track of international developments

2. In which of the? eight-step strategic? decision-making process would managers observe feedback systems and the control of activities to ensure they minimize deviation from? plans?

A. Step? 7: Implement Selected Strategies

B. Step? 5: Analyze Strategic Factors

C. Step? 8: Evaluate Implemented Strategies

D. Step? 6: Generate,? Evaluate, and Select the Best Alternative Strategy

E. Step? 4: Scan and Assess the Internal Corporate Environment

3. Which regional trade association has a goal to improve trade among the three member countries rather than complete economic? integration?

A. North American Free Trade Agreement? (NAFTA)

B. Union of South American Nations

C. Association of Southeast Asian Nations? (ASEAN)

D. Mercosur

E. European Union? (EU)