1.

The shift toward a more integrated and interdependent world economy is referred to as globalization. 
 
True    False

2.

A company does not need a large size to facilitate, and benefit from, the globalization of markets. 
 
True    False

3.

Companies hope to lower their overall cost structure or improve the quality or functionality of their product offering through globalization of production. 
 
True    False

4.

The most global markets currently are markets for consumer products. 
 
True    False

5.

Outsourcing is a process that is limited to manufacturing enterprises. 
 
True    False

6.

The health care sector in the U.S. cannot avail the benefits of outsourcing to low-cost producers in other nations because of the nature of the work. 
 
True    False

7.

The World Bank has focused on policing the world trading system and making sure nation-states adhere to the rules laid down in trade treaties. 
 
True    False