Which of the Following Describes the Effect of Economic Globalization

question 24

Multiple Choice

Which of the following describes the effect of economic globalization on wealthy nations like the United States?

• A) New openings in the global economy contributed to the expansion of the middle class.
• B) Jobs in the low-wage service sector declined and jobs in manufacturing sharply increased.
• C) A shifting global division of labor resulted in the loss of many manufacturing jobs.
• D) Increased total world output diminished income disparities and created economic equality.

Assess the impact of organizational design on decision making, information flow, and response to environmental changes.

Identify the factors determining the best organizational design, including environmental, strategic, and technological considerations.

Evaluate the role of strategic choices in shaping organizational design and performance.

Understand the concepts of mechanistic and organic organizations and their applications in different contexts.

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Definitions:

Prime Costs

A business's direct costs of materials and labor that are associated with the production of goods or services.

Idle Time

The period of time when resources, such as employees or machines, are available but not in use or producing, often resulting in inefficiency.

Overhead

All indirect costs of running a business that cannot be directly attributed to a specific product or service.

Equipment Breakdown

The failure or malfunction of machinery or equipment, interrupting regular operations.