Which of the Following Is an Advantage of Globalization

question 78

Multiple Choice

Which of the following is an advantage of globalization?

• A)National markets have successfully taken over regional trade blocs on a global scale.
• B)Children are no longer offered employment in "sweatshop" production facilities.
• C)Multinational corporations are unable to exploit the people of less-developed countries.
• D)Developing nations can leverage their natural resources to attract foreign investment.

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Definitions:

Scenario Planning

A strategic planning method that organizations use to envision and prepare for future possibilities, helping them navigate uncertainties and make flexible long-term plans.

Nominal Group Input

A technique used to generate ideas and solutions in a group setting, where participants contribute independently before collectively discussing and prioritizing suggestions.

Delphi Group Input

A technique that gathers and synthesizes expert opinions through iterative rounds of questionnaires to achieve a consensus on a specific subject.

Scenario Planning Group Input

Contributions or insights provided by a team engaged in scenario planning, a strategic planning method that uses speculative scenarios to forecast future events.