Benefits & Costs of the Globalization of Business


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question 1 of 3

Which of the following is FALSE regarding globalization?

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1. A highly indebted American company is seeking assistance on how to expand its portfolio in Argentina. It is having severe difficulties with paying the right amount of federal income tax and has on several occasions underestimated the risk of the decreasing value of Argentinian currency. Which of the following is an area in which the International Monetary Fund may assist them?

2. An IT company has lowered its prices due to the fact that it has directly benefited from globalization, making it much easier for customers to buy their products. Which of the following is NOT a likely cause of their decreasing prices?

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About This Quiz & Worksheet

This quiz and corresponding worksheet will help you gauge your understanding of the impacts of business globalization. Topics you'll need to know to pass the quiz include understanding what globalization is and what kind of benefits and drawbacks it provides.

Quiz & Worksheet Goals

Use these assessment tools to assess your knowledge of:

  • The meaning of globalization
  • The international organization responsible for providing assistance via currency exchange and loans
  • The benefits of globalization
  • The means by which globalization can reduce work and environmental standards
  • The means by which globalization provides lower prices

Skills Practiced

This worksheet and quiz will let you practice the following skills:

  • Reading comprehension - ensure that you draw the most important information from the related lesson on the impact of business globalization
  • Interpreting information - verify that you can read information regarding the cons of business globalization and interpret it correctly
  • Knowledge application - use your knowledge to answer questions about various pros of business globalization

Additional Learning

To learn more about the how globalization can help and hinder the economic situation of the world, review the corresponding lesson on the Impact of Business Globalization. This lesson covers the following objectives:

  • Define globalization
  • Review some benefits of globalization
  • Understand the role of the International Monetary Fund (IMF)
  • Recognize the costs of globalization
  • Examine these pros and cons through a sample scenario involving an automobile manufacturer