Which of the Following Is a Statement Made by Theodore

question 98

Multiple Choice

Which of the following is a statement made by Theodore Levitt about the globalization of world markets?

• A)Capitalism is the force that drives the world toward a converging commonality.
• B)Global corporations consider the world to consist of distinct and unique entities.
• C)Accustomed differences in national or regional preferences are becoming more significant.
• D)Multinational corporations are in danger of losing out to small businesses.
• E)Global markets for standardized consumer products have emerged on a large scale of magnitude.

---

Definitions:

Algorithm

A step-by-step procedure or formula for solving a problem.

Sunk Cost Effect

The phenomenon where a person is more likely to continue an endeavor once an investment in money, effort, or time has been made.

Spearman's "G" Factor

The concept proposed by Charles Spearman that suggests a single, general intelligence factor underlies all cognitive abilities.

Intelligence

The ability to learn from experience, adapt to new situations, understand and handle abstract concepts, and use knowledge to manipulate one's environment.