This Chapter's "Focus on Globalization" Section Discusses Economic Globalization

question 57

Multiple Choice

This chapter's "Focus on Globalization" section discusses economic globalization.Which of the following is an outcome of our 21^st-century global economy?

• A) Modern-day transnational finance has shifted economic control of local life to outsiders.
• B) Economic functions are now locally controlled.
• C) Foreigners now finance only a small percentage of the U.S. national debt.
• D) American companies are withdrawing from foreign markets.
• E) With increasing globalization there is increased face-to-face contact in economic transactions.

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Definitions:

Cultural Blocks

Psychological barriers or social norms that inhibit creativity or prevent individuals from thinking innovatively within a cultural context.

Creative Decision Making

The process of generating innovative solutions during the decision-making process to solve problems or seize opportunities.

Conflict Avoidance

Conflict avoidance is a behavioral strategy where individuals or groups attempt to prevent, evade, or deflect conflicts to maintain peace or harmony.

Whistle-Blowers

Individuals who expose illicit activities, wrongdoing, or misconduct within an organization, often risking their careers to do so.