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This activity contains 15 questions. Chapter 1

|[pic] |Which three of the following elements are included in the calculation of ‘Relative Unit Labour Costs’ (RULC)? |

Relative labour productivity.

|[pic] |Which three of the following ratios are used in constructing the transnationality index? |

Foreign assets to total assets.

|[pic] |Which two of the following are most likely to be associated with a cost-oriented multinational? |

Global rationalisation of production operations to gain maximum economies of scale.

|[pic] |Which two of the following are most likely to be associated with a market-oriented multinational? |

Establishing assembly operations in close geographical proximity to major international

|[pic] |Which two of the following might be regarded as location-specific advantages for multinational involvement? |

Seeking to extend the product life-cycle by moving into overseas markets which are still in the ‘growth’ phase for that product.

|[pic] |Answer true or false to the following five statements. |
| |Shrinking space, shrinking time and disappearing borders are all characteristics of ownership specific advantages. |

 False

|[pic] |Economists tend to view globalisation in terms of the rise of a global culture and the domination of the media by |
| |global companies. |

[pic]False

|[pic] |A multinational engaging in exploration in one country, component production in another and assembly in a third might|
| |be called a vertically integrated multinational. |

True

|[pic] |A multinational engaged in the...