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TCW

MOD 8-10

QuestionAnswer
Ethics is arguably the least substantial of the challenges faced by MNCs. Ethics has never played a dramatic role in the success or failure of global players. False
Higher growth markets essentially mean markets where producers have a growing capacity for spending. FALSE
Basic goods markets sell finished products such as convenience products, specialty products, and so on. False
“A market is the capacity of buyers and sellers to interact,” is one of the three perspectives presented in the module on how to define a market. False
Market integration occurs when prices among different locations or related goods follow diverging patterns after a long period of time. False
Consumer goods markets sell semi-finished products like spare parts, modular components, tools, and equipment used for manipulating raw materials. FALSE
Basic goods markets sell raw materials like steel, cement, chemical, and other basic materials. False
The environmental governance and managing the planet category (of transnational issues) refers to transnational issues that threaten to destabilize global economy and/or bring about damages through globalization. False
Global governance is aimed at negotiating responses to problems that affect more than one state or region. True
Supranational organizations usually have a wider scope based on the number of its members. However, they have very limited (if none at all) power to enforce compliance. FALSE
Global governance is a movement towards political cooperation among transnational actors. TRUE
Intergovernmental organizations have a lot of power to enforce compliance. However, their scope is very limited based on their membership as not many nation-states want to surrender their sovereignty. FALSE
A study of the global interstate system is a study of international relations and the international system. True
The nation-state is the primary actor of the global interstate system. True
International relations pertain to the study of state actors only and their relationship to each other in the international system. FALSE
Intergovernmentalism refers to governance arrangements where states decide to delegate some responsibility for decision making to a body or decision-making forum that stands above the nation-state. FALSE
The European Union is an example of a supranational organization. True
Based on World Bank standards, a country’s GDP per capita must not go below $12,275 for it to be classified as developed. TRUE
The Global North refers to developed countries. The Global South refers to developing and underdeveloped countries. TRUE
Population-wise, the Global South has more people than the Global North. TRUE
Around 90% of manufacturing industries are owned by and located in the Global South. False
The term global stratification refers to the hierarchical arrangement of individuals and groups in societies around the world. True
Neoclassical growth theory states that countries will always experience a steady economic growth as long as they have labor, capital, and the appropriate technologies. Development in this regard is determined by how well you possess those three. True
The human development index applies the human development theory by considering both human well-being and economics as equally important parts in development. True
Before the Sustainable Development Goals were created, there were the Millennium Development Goals. TRUE
Agenda 21 is a non-binding action plan that urges all UN members to pursue sustainable development. True
Multinational corporations are capable of raising revenues that are higher than the GDP of some countries. TRUE
Multinational corporations are incapable of raising revenues that are higher than the GDP of some countries. FALSE
A global corporation and a multinational company are two completely different things. False
An industrial products market, on the other hand, is where goods or services are bought to satisfy the wants or needs of the buyer. FALSE
Markets tend to integrate but even if at least one market does not have a similar price with other markets, nothing changes in terms of buying and selling patterns. FALSE
Intermediary goods markets sell semi-finished products like spare parts, modular components, tools, and equipment used for manipulating raw materials. True
Intermediary goods markets sell raw materials like steel, cement, chemical, and other basic materials. False
One way a world government can exist is through violent and compulsory world domination. TRUE
Typical examples of transnational issues under the governance of science, education, information, and communications category are climate change, ocean pollution, extinction, biodiversity loss, and nuclear risks. False
Globalization gave rise to transnational issues or issues that a single government cannot address by itself. True
One way a world government can exist is through peaceful and voluntary supranational union. True
The European Union is an example of an intergovernmental organization. False
The United Nations is an example of an intergovernmental organization. True
In an intergovernmental organization, member states surrender their sovereignty. FALSE
Supranationalism refers to governance arrangements where states decide to delegate some responsibility for decision making to a body or decision-making forum that stands above the nation-state. TRUE
The Global South refers to developed countries. The Global North refers to developing and underdeveloped countries. FALSE
The dependency theory suggests that all societies progress through a similar pattern of development. This implies that all underdeveloped countries will become developed eventually. FALSE
Population-wise, the Global North has more people than the Global South. FALSE
The Global North and the Global South is divided based on the equator. FALSE
The Brandt Foundation wanted to bring attention to the fact that there are no disparities between certain privileged parts of the world and their less privileged counterparts. FALSE
The target date for UN members to accomplish the Millennium Development Goals was supposed to be on 2015. TRUE
Sustainable development is development that meets the needs of the present without any regard for the ability of future generations to meet their own needs. FALSE
Sustainable development is development that meets the needs of the present without compromising the ability of future generations to meet their own needs. TRUE
Global corporations pursue international operations as a result of the strategic potential provided by technological developments, making new markets a more convenient and profitable pursuit both in sourcing production and pursuing growth. True - START
A global corporation and a multinational company are the same thing. False
International operations are a direct result of either achieving higher levels of revenue or a lower cost structure within the operations or value-chain. True
A multinational corporation (MNC) is present in several countries, which improves the company’s ability to maintain market share and earn higher profits. True
Retail markets are greater in number but sell products in low volume. Retail markets usually sell to direct consumers. TRUE
Market integration is the fusing of many markets into one. TRUE
A consumer products market is where you can find products used to manufacture other goods or services, to facilitate an organization's operations, or to resell to other customers. False
The governance of peace, security, and conflict resolution category (of transnational issues) refers to maintaining peace and security especially when the conflict issue involved crosses borders. TRUE
Global governance is a movement towards independent action among transnational actors. False
The governance of the economy and globalization category (of transnational issues) refers to transnational issues that threaten to destabilize the global economy and/or bring about damages through globalization. TRUE
The governance of peace, security, and conflict resolution category (of transnational issues) refers to matters concerning science, technology, and how these two can progress. False
In a supranational organization, member states maintain their sovereignty. False
The United Nations is an example of a supranational organization. False
A study of the global interstate system is completely different from a study of international relations and the international system. False
The North-South Divide is a cultural division of the world. False
Around 90% of manufacturing industries are owned by and located in the Global North. True
The modernization theory suggests that all societies progress through a similar pattern of development. This implies that all underdeveloped countries will become developed eventually.
Created by: 143318101805823
 

 



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