Question 13

Which organization was developed to outline core standards and principles for improving production facilities such as prohibition of child labor, compensation, hours of work and safety conditions?

Worldwide Responsible Apparel Production (WRAP)

United Nations

Organization for Economic Cooperation and Development (OECD)

International Organization for Standardization (ISO-9002)

Question 14

Which statement is true about Corporate Social Responsibility?

CSR comes in all shapes and sizes, there is noone size fitsallformula

CSR exists to serve the greater good

All the above

It is an effective marketing strategy

Question 15

Companies globalize to achieve which of the following objectives?

Lower production costs

Sales growth

both a &b

International commerce

Question 16

Which isnota factor that drives or encourages globalization?

Emerging economies

Tax incentives by governments

Lower production costs

Living standards

Question 17

Which statement isnottrue?

Free trade can have financial restrictions

Countries should import products that they can produce less efficiently

Trade stimulates economic growth

Trade between nations can increase living standards

Question 18

Which nation has a comparative advantage over other nations due to their long history of manufacturing quality products?

China

Japan

Italy

Turkey

Question 19

Free trade and globalization can be a very positive strategy and help solve some problems of the world but there are times when governments need to intervene. Which isnota good reason for intervention?

National Security

Immigration restrictions

Protection of jobs.

Retaliation

Question 20

Many brands begin their global expansion for sales growth by utilizing this entry mode strategy.

Greenfield

Acquisition

Exporting

Turnkey project

Question 21

Nations that are experiencing social and business growth and economic increases are considered

Developed economies

All the above

Emerging markets

Free market nations

Question 22

Interest rates, currency exchange rates, and taxation changes are categorized with

Political factors

Economic factors

Macro-environment

Legal factors

Question 23

Development and maintenance of a nation's infrastructure is associated with

Environmental factors

Technological factors

Political factors

Economic factors

Question 24

The general factors that a company needs to evaluate when considering globalization for sales are

Policies that maintain services for citizens.

All the above

Population trends

No dramatic debt or inflation

Question 25

A firm purchases majority ownership of an established company in the host nation defines

Franchising

Greenfield

Acquisition

Joint venture