Identify five factors that have fostered globalization
What will be an ideal response?
Globalization has taken place because of the development of: 1. market economics; 2. better international communications; 3 . more rapid, reliable travel and shipping; 4. ease of capital flow between countries; and 5. high differences in labor costs.
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A construct is an unobservable or latent variable that can be defined in conceptual terms that
can be measured directly. Indicate whether the statement is true or false
Which of the following is NOT a verbal filler?
a. “Er” b. “Uh” c. “Okay” d. “In conclusion”
Which of the following would be found on the Balance Sheet of a manufacturer?
A) cost of goods sold B) cost of goods manufactured C) factory building D) all of the these
Which of the following statements is true of the economic environment of a business?
A. It is affected by customer satisfaction. B. It reduces the hassles associated with acquiring manpower. C. It is affected by corruption. D. It prevents customers from turning into loyal advocates.