TRUE/FALSE - Write 'T' if the statement is true and 'F' if the statement is false.

1. Since Mercury Machine is a medium-size business, it would not benefit from globalization.

• true
• false

1. By sourcing goods and services from around the globe, companies may lower their overall cost structure or improve the quality or functionality of their product offering.

• true
• false

1. Manufacturers of industrial goods and materials are more likely to participate in global markets than producers of consumer products.

• true
• false

1. Outsourcing is a process that is limited to manufacturing enterprises.

• true
• false

1. The central message of collectivism is that individual economic and political freedoms are the ground rules on which a society should be based.

• true
• false

1. In terms of the socialist ideology, the communists believed that socialism could be achieved by democratic means and turned their backs on violent revolution and dictatorship.

• true
• false

1. Some believe the Cold War was simply about nuclear proliferation, but in many respects, it was a war between ideas of economic and political governance.

• true
• false