1) An outcome of globalisation is that: a) National firms have become dominant b) International trade has declined c) Markets, cultures and tastes have converged d) Protectionism has disappeared 2) Globalisation has resulted in: a) Higher transportation costs b) Growing market shares of multinationals c) Lower carbon emissions d) Falling market shares of multinationals 3) An example of the spread of multiculturalism is: a) Higher import tariffs b) Increasing use of French c) Increasing demand for mobile phones d) Worldwide popularity of Hollywood movies 4) Having a brand like Coca-Cola recognised around the world enables a firm to benefit from: a) Marketing economies of scale b) Financial economies of scale c) Production economies of scale d) False economies of scale 5) In recent years, multi-nationals have benefitted from: a) Stronger domestic competitors in target markets b) Greater protectionism c) Liberalisation of international trade d) Consumer resistance to global brands 6) What do members of a regional trading bloc normally agree to do? a) Compete with each other b) Incentivise innovation c) Impose tariffs on each other d) Encourage free international trade with each other 7) Which regional trading bloc covers the largest number of people in terms of population? a) ASEAN b) NAFTA c) BAFTA d) EU 8) Which method of protectionism is effectively a tax on imports? a) Domestic subsidies b) Tariffs c) Product regulation d) Import quotas 9) All of the following are truly globalised businesses, except which one? a) Nike b) Starbucks c) Pret a Manger d) HSBC 10) Business ethics is about ensuring... a) What you do is morally right  b) You make a fair profit c) You don't break the law d) You don't get sued for illegal acts 11) Business ethics is closely related to which other issue for businesses? a) International trade b) Globalisation c) Corporate social responsibility d) Legal requirements in business 12) A likely benefit for a firm gaining a reputation for strong ethics is: a) Less competition b) Higher quality costs c) Easier to recruit and retain staff  d) Lower customer loyalty  13) Which of these industries is most labour intensive? a) Estate agency b) Fruit farming c) Vehicle manufacture d) Oil exploitation and drilling 14) A takeover of one firm by another is an example of: a) External growth b) Market changes   c) Diversification d) Internal growth 15) The bringing together of two firms to form a new firm is called a: a) Takeover b) Consolidation c) Merger d) Flotation 16) Which of the following is NOT a benefit of migration: a) Transfer of labour b) Growth of the labour force c) Cultural exchange d) A change in the demand for labour 17) Economic structural change can be defined as: a) A shift in the structure of the economy b) A change in the operation of an economy c) A product of globalisation d) All of the above 18) Which of these is NOT an advantage of free trade? a)  Inefficient production b) Skills transfer c) Higher quality goods due to increased competition d) Increased competition 19) Which of the following is NOT a protectionist strategy? a) Embargo b) Non-tariff barriers c) Tariffs d) Technological development 20) Drivers of globalisation include: a) The impact of technology b) Global consumer trends c) Increased FDI d) All of the above.

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