Lesson 3-4

Question 1

Are chartered in the early 16th century

Answer 1

Corporation

Question 2

It is the legal entity in a form of business corporation run by separate and individual owners

Answer 2

Corporations

Question 3

When did the first wave of globalization take place?

Answer 3

end of 18th century

Question 4

Great Britain had started to dominate the world geography, through the establishment of the British empire by collecting raw materials from different territories and devloping it for their own resources

Answer 4

First wave of globalization

Question 5

When did second and third wave of globalization took place?

Answer 5

1870-1914

Question 6

second and third phase is also called as

Answer 6

new imperialism

Question 7

What countries are involved in the rising of imperialism in the new imperialism?

Answer 7

USA, Belgium, Japan, Germany

Question 8

What are the technologies that aided the global economy in the second industrial revolution?

Answer 8

Cars and plane

Question 9

This is the period where global trade is involved and starting to arise

Answer 9

second and third wave of globalization

Question 10

A technology arises out of the third industrial revolution

Answer 10

Internet

Question 11

Globalization has been a near constant for a thousand centuries, but was greatly restrained by slow pace

Answer 11

True

Question 12

A ___ is generally referred to as a multi-national corporations (MNC) and transnational corporations (TNC)

Answer 12

Global company

Question 13

Operates in 2 or more countries (usually 3rd world countries) to leverage the global environment to approach varying markets in the generation

Answer 13

MNC and TNC

Question 14

Are a part of a company that is controlled by the parent company to strengthen its power

Answer 14

Subsidiaries

Question 15

4 forms of Global Corporations?

Answer 15

International companies, mult-national companies, transnational companies, global companies

Question 16

it has no foreign investments, and they make this product or service only in their home country

Answer 16

International companies

Question 17

they invest directly in foreign assets, whether its a lease contract on a building to a house service operations, a plant on a foreign soil or a foreign marketing campaign

Answer 17

Multi-national companies

Question 18

They are the more famous kind of corporation and they also cannot decide on their own. They have to be regulated by their home country

Answer 18

Multi-national companies

Question 19

They are very complex and very difficult to manage.

They invest directly in dozens of countries and experience strong pressure both for cost reduction and local responsiveness

Answer 19

Transnational companies

Question 20

They can decide on their own without home country regulation

Answer 20

Transnational companies

Question 21

They have investments in dozen of countries but maintain a strong headquarter in one country

Answer 21

Global companies

Question 22

(true or false) Globalization is evolving

Answer 22

True

Question 23

Who proposed the three structural periods of globalization?

Answer 23

Gereffi

Question 24

What are the three structural periods according to G (question 23)

Answer 24

investment-based globalization, digital-based globalization, trade-based globalization

Question 25

the global reach of a vertically integrated TNC dates from the 19th century in primary products such as oil, mining, agriculture, and automobile in 20th century

Answer 25

Investment-based globalization

Question 26

Establishment of corporations, foreign corporations, etc

Answer 26

Investment-based globalization

Question 27

In the mid-1990s, the information revolution and a growing acceptance of the Internet began to create an explosion in connectivity due to open and almost cost-free exchange of a widening universe of rich information

Answer 27

Digital-based globalization

Question 28

This includes online shopping, online delivery, and etc which emerged by the growing existence of Internet

Answer 28

Digital-based globalization

Question 29

A type of economic globalization and a measure of economic integration

Answer 29

Trade-based globalization

Question 30

It loosely represents the proportion of all production that crosses the boundary of a country focusing on the dependence upon external trade

Answer 30

Trade-based globalization

Question 31

In the 1970, there was marked shift to export oriented industrialization as a preferred development strategy in many parts of the developing world beginning with East Asia but later on spreading to Latin America, Africa and everywhere else in 1980. This shift in the national development strategies toward exports was premised on the rapid and diversified industrialization of a wife range of developing nations

Answer 31

Trade-based globalization

Question 32

Countries forming alliances and partnership (nilateral trade partnership) across other countries

Answer 32

Trade-based globalization

Question 33

Is a long term investment made by a firm or individual in one foreign country

Answer 33

Foreign Direct Investment

Question 34

Eponymous manufacturing system design to spew out standardized, low-cost goods, and affords its workers decent enough wages to buy them

Answer 34

Fordism

Question 35

This is the model of economic expansion and technological progress based on mass production-- the manufacture of standardized products in huge volumes using special purpose machineries and unskilled labours

Answer 35

Fordism

Question 36

3 major principles of fordism (major successes stemmed from three major principle)

Answer 36

1. Standardization of products (nothing is handmade, but instead machine made) 2. The employment of assembly lines which uses special purpose and equipment to allow unskilled workers to contribute to the finished product 3. Worker are paid a higher living wage so that they can afford to purchase the products they make

Question 37

2 established distinct types of international economic network

Answer 37

producer-driven chains and buyer-driven commodity chains

Question 38

This is where a specific product is manufactures, formed, and controlled

Answer 38

producer-driven chains

Question 39

Are those in large, usually traditional manufacturers play the central roles in coordinating production networks

Answer 39

producer-driven chains

Question 40

Refers to the industries in which large retailers, marketers, and (branded) manufacturers exports goods in different countries across the world (E.g. Walmart)

Answer 40

buyer-driven commodity chains

Question 41

Is a concept created to increase consumer satsfaction and survive increasing competition from new competitors

Answer 41

QR management

Question 42

What is Qr means

Answer 42

Quick-response

Question 43

It iintends to shorten the lead time from receiving an order to delivery of the products and increase the cash flow

Answer 43

QR Management

Question 44

What are the 2 general kinds of corporations?

Answer 44

State owned companies and private owned companies

Question 45

Is a term in the Philippines used to describe the government-owned corporations that conduct both commercial and non-commercial activity

Answer 45

Government-Owned and Controlled Corporation

Question 46

Is the government's central advisory and oversight body over the public corporate sector

Answer 46

the governance commission

Question 47

GOCC are overseen by GCG (Governance Commission for Government Owned or Controlled Corporations)

Answer 47

GOCC Governance act of 2011 (RA. 10149)

Question 48

The act or the process of transferring a public company to a private one Outsourcing of the public services to private services

Answer 48

Privatization

Question 49

To further liberalize international trade, developed countries have pursued new neighbors

Answer 49

GATTS

Question 50

Meaning of GATTS

Answer 50

General Agreement on Tariffs and Trade in Services

Question 51

TISA negotiating stances revealed wide differences in offers to revise market access for sectors including delivery services, ecommerce, finance telecommunications, air maritime, and road transport services

Answer 51

GATTS

Question 52

Meaning of TISA

Answer 52

Trade in Services Agreement

Question 53

Is a self-regulating business model that helps a company be socially accountable-- to itself, its stakeholders, and the public

Answer 53

Corporate Social Responsibility

Question 54

Corporate Social Responsibility is also known as

Answer 54

Corporate citizenship

Question 55

By practicing this, companies can be conscious of the kind of impact they are having on all aspects of society, including economic, social, and environmental

Answer 55

Corporate Social Responsibility

Question 56

According to him, globalization is one of the most foremost debated concept in the late 20th century

Answer 56

Manfred Steger

Question 57

This is one of the most foremost debated concept in the late 20th century and scholars speculated the diminishing role of states as a vehicle thriving which political communities organize themselves in the era to come

Answer 57

Globalization

Question 58

When did the idea of creating EU was finalized?

Answer 58

After WW2

Question 59

Aims to stop wars to cultivate between its boundaries like what happened in the former war

Answer 59

European Union

Question 60

What are the 6 founding countries of EU?

Answer 60

Belgium, Germany, Italy, The Netherlands, Luxembourg, France

Question 61

When did the economic abundance growth started?

Answer 61

1960s

Question 62

(true or false) with the agreement of trade between groups, they soon experience a shortage agriculture produce

Answer 62

False (surplus agriculture produce)

Question 63

(true or false) In the recent decade (2000-present) the EU membership continues to expand and this is a challenege to the organization

Answer 63

True

Question 64

(true or false) the famous phrase "no man is an island" can also be applied to countries

Answer 64

True

Question 65

For the countries to ensure the economic growth and security, it must have a ____to rely on

Answer 65

Partner country

Question 66

According to Manfred Steger, this is commonly equated with the rising momentum of global free-market capitalism

Answer 66

Globalization

Question 67

The name UN was coined by?

Answer 67

Former president Franklin D. Roosevelt

Question 68

When was UN coined?

Answer 68

Declaration by United Nations of 1 January 1942

Question 69

How many member states does UN have?

Answer 69

193

Question 70

Was formed to fight against injustices, inequalities, or disadvantages of any countries

Answer 70

United Nations

Question 71

Aims to be united as one with the countries all over the world to fight and maintain peace and prosperity

Answer 71

United Nations

Question 72

Can be defined as the mobilization of collective claims and/or addressing more than one national government and/or international government

Answer 72

Transnational activism

Question 73

Is being held as a possibility for change and is already becoming a fast and trending phenomenon of the result of globalization

Answer 73

Transnational activism

Question 74

According to them, "The world's digital citizens are fortunate to grow with the Internet across the world and to have the capability to make the most of cyberspace as they now face the inevitable to seek information and evaluating for themselves which sources are credible and compiling enough to follow"

Answer 74

Morris (2021)

Question 75

According to the, "Good citizenship in the global media takes effort but the results are many."

Answer 75

Jamieson and Capilla (2016)

Question 76

Station of the world

Answer 76

Internet

Question 77

We are connected to the world through media and Internet

Answer 77

Global citizen

Question 78

Is a system by which countries and nations across the globe use to depend upon each other's strength like natural resources, raw materials, and military reinforcement

Answer 78

Economic interdependence