Quiz 1

Question 1

Globalization is the process by which
countries, economies, and regions have been
integrated in a global network.

Answer 1

True

Question 2

Internationalization means a process of
removing state-imposed restrictions on
movements between countries in order to
create an “open”, “borderless” world economy.

Answer 2

False

Question 3

Universalization is the process of spreading
various objects and experiences to people all around of the world.

Answer 3

True

Question 4

In Americanization, here the social structures
of modernity like capitalism, rationalism,
industrialism, bureaucratism, individualism,
and so on, are spread the world over, normally
destroying earlier-existent cultures and local
self-determination in the process.

Answer 4

True

Question 5

‘Free flow of goods and services between
countries due to the reduction in trade barriers’
is one of the parameters of Globalization.

Answer 5

True

Question 6

‘Small scale industries face extinction’ is one of
the advantages of globalization

Answer 6

False

Question 7

‘Decrease in prices of goods and services’ is one
of the advantages of globalization.

Answer 7

True

Question 8

Internationalization is the process of planning
and implementing products and services so
that they can easily be adapted to specific local
languages and cultures, a process called
parochialism

Answer 8

False

Question 9

‘Domestic company exports to foreign countries
through dealers and distribution of home
country’ is one of the processes of
globalization.

Answer 9

True

Question 10

‘Reduction in cultural barriers’ is one of the
disadvantages of globalization.

Answer 10

False