Manufacturing was the backbone of the U.S. economy in the 20th century, but is no longer dominant. In 1917, the largest U.S. corporation was U.S. Steel. Today, the largest U.S. corporation is
a. Wal-Mart.
b. Boeing.
c. Microsoft.
d. Pearson.
Question 2Which American company laid off 30,000 American workers following September 11, 2001, and then announced it would be shifting most of its advanced design and engineering tasks to Russia and China,
where these kinds of professionals are paid significantly less?
a. Sunset Industries
b. Apple
c. Chrysler
d. Boeing
Question 3Mary lives in Detroit, Michigan. She once worked as a customer service representative for a major automobile manufacturer, but lost her job when the company started _____ its customer service functions to India.
a. deporting
b. offshoring
c. outsourcing
d. homesourcing
Question 4Which term is used to describe what a company is doing when it moves its production to another country, producing the same products in the same way but with cheaper labor, lower taxes, and lower benefits to workers?
a. Outsourcing
b. Offshoring
c. Capital flight
d. Contingent employment
Question 5The term capital flight is defined as
a. the movement of corporate money from one investment to another through investment in plants located in other nations, plant relocation within the United States, and mergers.
b. when a company moves its production to another country, producing the same products in the same way, but with cheaper labor, lower taxes, and lower benefits to workers.
c. taking some specific task that a company was doing in-housesuch as research, call centers, accounting, or transcribingand transferring it to an overseas company to save money and then reintegrating that work back into the overall operation.
d. independent contractors working from their homes, paying for their own health care and retirement plan, and furnishing their own equipment.
Question 6Which term is defined as the processes by which everyone on Earth becomes increasingly interconnected economically, politically, culturally, and environmentally?
a. Internationalism
b. Technology
c. One World Government
d. Globalization
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