$1.$ Globalization refers to the process by which $\_\_\_\_\_\_\_\_\_\_\_\_\_\_$ flow across national borders.

a$.$ goods

b$.$ services

c$.$ capital

d$.$ people

e$.$ all of these

$2.$ Which of the following is true of globalization?

a$.$ It expands economic freedom and increases the living standards of people $($overall$)$

b$.$ It relies on strong government regulations to keep down prices

c$.$ It fails to offer access to advanced technology in less developed countries

d$.$ It makes it easier for governments to abuse the freedom and property of their citizens

e$.$ closes the access to advanced technology for less developed countries

$3.$ McDonald's does not sell beef hamburgers in its restaurants in India because the cow is considered sacred by almost $85\%$ of the population. Instead, McDonald's sells the Maharaja Mac made with chicken. McDonald's respects Indian $\_\_\_\_\_\_\_\_\_\_$ by not selling beef in India.

a$.$ values

b$.$ ethnicity

c$.$ ethics

d$.$ systems

e$.$ cognitive attitudes

$4.$ When entering a foreign market, the least risky strategy is:

a$.$ franchising

b$.$ exporting

c$.$ joint venture

d$.$ direct investment

e$.$ strategic alliance

$5.$ McDonald's is a company that has franchises worldwide. McDonald's understands international marketing opportunities, uses effective international marketing strategies, and knows the threats from foreign competitors in all markets. McDonald's takes advantage of $\_\_\_\_\_\_\_.$

a$.$ a global vision

b$.$ protectionism

c$.$ outsourcing

d$.$ inshoring

$6.$ GE has been in the news lately for bringing back the production of GE appliances to its Louisville, Kentucky plant from China. This is an example of $\_\_\_.$

a$.$ inshoring

b$.$ offshoring

c$.$ insourcing

d$.$ importing