Which of the Following Has Most Contributed to the Globalization

question 72

Multiple Choice

Which of the following has most contributed to the globalization of the economy?

• A)the decreased importance of agriculture
• B)reductions in transportation and communication costs
• C)the shift toward a market economy in China
• D)tariffs and trade barriers
• E)the decline in the relative importance of manufacturing

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Definitions:

Actively Cooperative Relationships

Partnerships or interactions where all parties are engaged in working together towards mutual goals or benefits.

Legally Separate Organizations

Entities that are recognized as distinct legal entities under the law, having separate legal rights and obligations.

Achieving Legitimacy

The process through which an entity gains acceptance and is recognized as right, proper, or appropriate within a social framework or context.

Imitate Management

The process or practice where employees mimic or adopt the behaviors and strategies of their managers or leaders to achieve success or improve performance.