Question 1

Which of the following is not a commonly used definition of 'globalisation'?&#10;A) A process by which national economies are becoming increasingly integrated with one another&#10;B) A process where by markets are becoming steadily less volatile and unpredictable&#10;C) A process where by people increasingly share a single global culture and sets of aspirations&#10;D) A process where by people are able to communicate and travel around the world more easily and affordably

Accepted Answer

While some aspects of globalisation may lead to reduced market volatility, this is not a commonly used definition of the term. The other options are more widely recognized as defining features of globalisation.

Question 2

Which of the following statements about international HRM (IHRM) is accurate?&#10;A) IHRM is more complex than HRM&#10;B) IHRM is less complex than HRM&#10;C) IHRM and HRM are equally complex&#10;D) IHRM is typically American in its approach

Accepted Answer

IHRM involves dealing with a diverse workforce across multiple countries with different laws, languages, and cultures. This adds complexity to the already complex field of HRM, making option A the most accurate statement. Option B and C are incorrect as they suggest that IHRM is either less complex or equally complex as HRM, which is not true. Option D is also incorrect as IHRM is not limited to an American approach but rather takes into consideration the local customs, laws, and cultures of the countries where a company operates.

Question 3

Which of the following processes has tended to occur in western industrialised countries over recent decades?&#10;A) A shift from agricultural production to industrial production&#10;B) A shift from manufacturing to service industry&#10;C) A shift from service industry to manufacturing&#10;D) A shift from manufacturing to agricultural production

Accepted Answer

Many western industrialised countries have experienced a shift from manufacturing to service industries over recent decades. This can be attributed to advancements in technology and globalization leading to outsourcing of manufacturing jobs to countries with lower labor costs. Service industries such as finance, healthcare, education and technology have become more prominent in these economies.

Question 4

What is being described here? A situation in a market in which turbulence and unpredictability are the norm, so that firms are unable to maintain competitive advantage for any length of time.&#10;A) Globalisation&#10;B) Financial instability&#10;C) Increased industrial concentration&#10;D) Hyper-competition

Accepted Answer

Hyper-competition is a situation in which there is intense competition in a market, with rapid changes in technology and customer tastes, making it difficult for any one firm to maintain a competitive advantage for long.

Question 5

By how many times has the number of passengers using the world's airports each year increased since 1972?&#10;A) 17-fold&#10;B) 27-fold&#10;C) 37-fold&#10;D) 47-fold

Accepted Answer

According to the passage, the number of passengers using the world's airports has increased from 310 million in 1972 to 11.6 billion in 2018. To find the increase in terms of folds, we need to divide 11.6 billion by 310 million, which gives us approximately 37.4. Therefore, the number of passengers has increased 37-fold since 1972, which makes choice C the correct answer.

Question 6

Which of the following technological developments is not a significant cause of globalisation?&#10;A) Solar energy&#10;B) Fibre-optic cables&#10;C) Satellites&#10;D) Container ships

Accepted Answer

Solar energy is a source of renewable energy, but it is not directly linked to the process of globalization, which involves the integration of economies, cultures, and societies on a global scale. Fibre-optic cables, satellites, and container ships, on the other hand, are key technological developments that have facilitated the exchange of goods, services, and information across borders and continents, thereby enabling globalization to take place.

Deck 2: The Global Context for Human Resource Management