D080 Managing in a Global Business Environment (QHC1) Exam Questions with Answers

1. Which factor affects economic globalization?

A. Similar languages spoken

B. Limited access to ports of entry

C. Educational opportunities in a foreign country

D. Absence or presence of favorable trade policies

2. In which stage of becoming a global company is full production moved to one low-cost location?

A. Product specialization

B. Creation of new market

C. Value chain reengineering

D. Value chain disaggregation

3. What is a drawback of global expansion?

A. Lower economies of scale

B. Decreased competitiveness

C. Language barriers

D. Regulatory structure

4. Which system describes a small group controlling resources?

A. Monarchy

B. Anarchy

C. Oligarchy

D. Democracy

5. Which economic system allows the most innovation?

A. Command

B. Traditional

C. Mixed

D. Market

6. Which political system offers most stability?

A. Dictatorship

B. Oligarchy

C. Anarchy

D. Democracy

7. What is a characteristic of a command economy?

A. Innovation is rewarded

B. Prices regulated by market

C. Bartering

D. Labor allocated by the state

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