Question 1
The term "race to the bottom" refers to:
Answer
Seeking to mine rich minerals from the bottom of the ocean.
Moving production jobs to the country with the lowest labor cost.
Efforts to deconstruct the assembly process in manufacturing industries.
An old concept of globalization ta is no longer relevant.
Question 2
Single-party rule by communist parties still remains in:
Answer
Lithuania.
Vietnam.
Thailand.
Russia.
Question 3
A society where economic power is concentrated in the hands of government officials and political authorities is called:
Answer
A central state control system.
A social democracy.
A political control system.
A military dictatorship.
Question 4
Technological innovation has aided the spread of globalization by:
Answer
Building advanced technologies that can be sold in the global marketplace.
Building advanced technologies that can be bought in the global marketplace.
Leveling the playing field and allowing all to participate on an equal footing in global commerce.
Building advanced technologies that can be sold in the domestic marketplace.
Question 5
A critic of globalization might argue that companies decide to manufacture in China mainly because of China's:
Answer
Strict law enforcement.
High environmental standards.
Weak health and safety regulations.
Strong worker unions.
Question 6
A firm that would like to develop a global supply chain would:
Answer
Manufacture components or supplies in other countries.
Sell raw materials, components or supplies produced at home abroad.
Purchase raw materials, components, or supplies from sellers in other countries.
Check products that were manufactured abroad for defects in their home country.
Question 7
The three strategies of globalization can be summarized using what three words?
Answer
Channels, operations, and chains.
Export, locate, and purchase.
Sell, make, and buy.
Ethics, import, and sell.
Question 8
A firm that has global operations has:
Answer
All of their manufacturing and service operations abroad.
Some or all of their manufacturing or service operations abroad.
Manufacturing but not service operations abroad.
Service but not manufacturing operations abroad.
Question 9
The loan policies of the World Bank:
Answer
Are generous to developing countries seeking to expand their educational systems.
Impose strict restrictions on debtor countries which can sometimes lead to hardship.
Are generally only available to rich nations.
Are open to any company conducting business abroad.
Question 10
The richest 1 percent of the people in the world receives as much income annually as:
Answer
The wealthiest 5 percent.
100 percent of the middle class.
The poorest 99 percent.
The poorest 57 percent.
Question 11
An example of a Global Action Network, or GAN, is:
Answer
The World Trade Organization.
Nongovernmental organizations.
The Kimberley Process.
The Heritage Foundation.
Question 12
Representation on the World Bank's board of directors is based on:
Answer
The size of the member nation's population.
The size of the member nation's economy.
The size of the member nation's land mass.
Equal representation of all member nations.
Question 13
What U.S. company is the best example of using globalization to reduce the price of its products?
Answer
K-Mart.
Toys R Us.
Walmart.
Macy's.
Question 14
The purpose of the World Trade Organization is to:
Answer
Impose barriers to free trade among nations.
Eliminate barriers to free trade among nations.
Develop trading partnerships between rich and poor nations.
Decrease globalization and free trade.
Question 15
Global market channels involve a firm producing goods in:
Answer
Their home country and exporting them to other countries.
Their home country to sell at home.
A foreign country to sell at home.
A foreign country to sell abroad.
Question 16
BSR (formerly Business for Social Responsibility) helps its 300 member companies:
Answer
Lobby Congress for socially responsible legislation.
Discover tax shelters for social program expenditures.
Conduct social audits.
Develop sustainable business strategies.
Question 17
The Ronald McDonald House charity, operated by McDonald's has been criticized for:
Answer
Question 18
The Universal Declaration of Human Rights states that each person:
Answer
Has a right to life, liberty and the pursuit of happiness.
Is created equal in the eyes of the government.
Has the right to a standard of living adequate for the health and well-being of himself and of his family.
Has the right to a standard of living that meets each countries' minimum wage law.
Question 19
Which of the following organizations have developed standards to judge corporate performance?
Answer
International Organisation for Standards.
Global Development Initiative.
Institute of Accountability.
Heritage Foundation.
Question 20
According to the scholar Simon Zadek six benefits of social audits include all of the following except.
Answer
Helping businesses know what is happening within their firm.
Understanding what stakeholders think about and want from the business.
Strengthen the loyalty and commitment of stakeholders.
Outperforming competitors financially in a businesses' industry.
Question 21
This Switzerland-based pharmaceutical firm was an early adopter of the Global Compact and used it to update its code of
conduct.
Answer
Novartis.
Bayer.
Johnson & Johnson.
The Gap.
Question 22
Which of the following is not a motivation for publishing a corporate social report?
Answer
Ethical concerns.
Economic considerations.
Stakeholder engagement.
Avoiding transparency.
Question 23
A systematic evaluation of an organization's social, ethical, and environmental performance is called a(n):
Answer
Corporate social responsibility review.
Stakeholder audit.
Independent social review.
Social audit.
Question 24
The primary purpose of the International Monetary Fund is to:
Answer
Question 25
According to a survey conducted by The Economist in 2008, how many respondents say corporate citizenship can help increase
their companies' profits?
Answer
Question 26
Financial, social and environmental results are reported together in a firm's:
Answer
Financial reports if a publicly traded firm.
Code of business conduct.
Triple bottom line report.
Employee newsletter.
Question 27
When a company puts its commitment to social and environmental responsibility into practice worldwide, not only locally or
regionally it is called:
Answer
Corporate Social Responsibility.
Global Sustainability.
Global Corporate Citizenship.
Community Investing.
Question 28
According to Philip H. Mirvis' and Bradley K. Googins' model, how many stages are there of global corporate citizenship?
Answer
Three.
Five.
Seven.
Twelve.
Question 29
Some companies have created a department of corporate citizenship to:
Answer
Adopt the United Nations' Global Compact Principles.
Decentralize under common leadership wide-ranging corporate citizenship functions.
Centralize under common leadership wide-ranging corporate citizenship functions.
Narrow the job of the public relations office.
Question 30
The emerging trend in gathering audit information directly from workers using their mobile phones is called:
Answer
Network-sourcing.
Crowd-sourcing.
Social networking.
Mobile auditing.