Question

which of the following is true of globalization?
a. it is slowed by advances in technology.
b. it is not dependent upon a world economy.
c. it has little impact on the world economy.
d. it involves companies doing business in multiple countries.
e. it is of little concern to business leaders.

Explanation:

• Option A: Technological advances (e.g., internet, transportation) accelerate globalization, so A is false.
• Option B: Globalization is closely tied to the world economy as it involves international trade and financial flows, so B is false.
• Option C: Globalization has a significant impact on the world economy (e.g., trade growth, investment), so C is false.
• Option D: Globalization includes companies operating across multiple countries (e.g., multinational corporations), so D is true.
• Option E: Business leaders are highly concerned with globalization (e.g., market expansion, competition), so E is false.

Answer:

D. It involves companies doing business in multiple countries.