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GEB6366 MIDTERM EXAM 2025 QUESTIONS AND ANSWERS 1) The widening set of interdependent relationships among people from different parts of the world is known as ________. A) globalizationB) offshoringC) franchisingD) outsourcing - ....ANSWER ...-a 7) Which of the following is an indication of the increased globalization of business since the end of World War II? A) Foreign trade has largely replaced foreign ownership as a means of conducting international business.B) World trade has grown more rapidly than world production.C) Globally, consumers now depend on foreign output for more than half their consumption.D) Countries have increased their import restrictions to counter the rising tide of imports. - ....ANSWER ...-b 8) Most of the worlds goods and services are sold ________. A) in international marketsB) in the countries where they are producedC) through exports to small countriesD) through exports to large countries - ....ANSWER ...-b 10) Which of the following has NOT been a major force increasing globalization in recent decades? ...©️ 2025, ALL RIGHTS RESERVED 1