Which One of the Following Is Not an Example of Globalization

question 72

Multiple Choice

Which one of the following is not an example of globalization?

• A) After years of lackluster performance, Boeing realized it needed to change its business model.
• B) McDonald's sells hamburgers in more than 100 countries in six continents.
• C) All major automobile makers now manufacture cars outside their borders.
• D) At Finland-based phone maker Nokia's renowned research center in Helsinki, non-Finns now outnumber Finns.
• E) ExxonMobil, a so-called United States company, reported that less than six percent of their 2011 earnings were from gas and products sales in the United States.

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Definitions:

Exchange Rates

The worth of a currency when exchanged for another currency.

Functional Currency

The currency of the primary economic environment in which an entity operates, usually determined by the currency that influences sales prices for goods and services.

Exchange Differences

Gains or losses resulting from the conversion of foreign currency transactions into the functional currency of a business.

Equity

The value of an owner's interest in a property, calculated by subtracting liabilities from the value of an asset.