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:

Corporate Ethics Scandals

Instances where companies violate moral or ethical principles, often leading to public controversy and legal actions.

Strategic Importance

The significance or critical value of a plan, decision, or action in achieving long-term objectives and ensuring the success and sustainability of an organization.

Human Capital

The collective skills, knowledge, and other intangible assets of individuals that can be used to create economic value.

Diversity Characteristics

Traits and attributes that differentiate individuals from each other, including but not limited to race, gender, age, religion, disability, and cultural background, emphasizing the importance of inclusiveness in society and organizations.