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Exam 2: Globalization Effects on Country Institutions, People, Industries, Business and Consumers

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Question 1

Multiple Choice

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Most modern management styles include all of the following except:

A) Less confrontational management-worker relations
B) "Do as I say" leadership styles
C) Teamwork and collegiality in planning processes
D) Increased information flows within the organization

E) None of the above
F) A) and B)

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Question 2

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The marketing concept and the tailoring of supply capabilities to customer needs becomes increasingly important

A) True
B) False

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Question 3

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Traditional societies use economic criteria such as income and wealth to determine social class status

The 'Melting Pot Society' refers to:

Internal public resources for development include government investments in infrastructures such as roads and rail, and services such as education and defense

Ethnic and linguistic obstacles to economic development may be overcome through:

In rural, traditional societies, people tend to be less concerned with the present/future and more concerned with the past

Multi-lingual and multi-ethnic nations have few problems developing economically

As urbanization and industrialization occur, family units move from nuclear (parents and children) to extended family formats

Geographic impediments to national economic development include resource availability, climate and access to trading routes

Traditional peoples tend to be risk-avoiders

As countries develop, cash overtakes credit as the dominant method of purchase payment

Country development involves rises in living standards as well as changes in cultural institutions and individual values

Merchandising and packaging become more important aspects of marketing strategy as nations become increasingly developed

The emulation cycle for sustained economic growth includes all of the following except:

As modernization occurs in national economies, production and division of labor increases for firms, and they tend to be more profit-focused

National politicians are always in favor of economic development

Competitive pressures on firms in developing markets are high in both urban and rural areas

Changes in cultural institutions occurring during economic development include all of the following except:

High community orientations entail distributing community output strictly according to what individuals contribute