What Does "Globalization" Refer To

question 1

Multiple Choice

What does "globalization" refer to?

• A) Capitalist economic policies and their global effects
• B) The spread of socialism that Karl Marx envisioned would precede worldwide communism
• C) The integration of the world's economies, political systems, informational networks, and ecology into one large global system
• D) The mistake of reducing complex differences between nations to an idea of global sameness

Analyze the ethical dimensions of power-related behavior using the criterion of utilitarian outcomes.

Describe the characteristics of managers who use power successfully according to David McClelland.

Evaluate the ethical considerations of power-related behavior through the lens of distributive justice.

Understand French and Raven's five forms of interpersonal power and their applications in management.

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Definitions:

Capital Deepening

An increase in the amount of capital per worker; one source of rising labor productivity.

Capital Per Worker

A ratio measuring the amount of capital available to each worker, often used as an indicator of labor productivity.

Developed Country

A nation with a high level of industrialization, a high standard of living, and a well-developed infrastructure.

Pakistan

A country in South Asia, bordered by India, Afghanistan, Iran, and China, with Islamabad as its capital.