Tag: concept and necessity of globalization

Questions Related to concept and necessity of globalization

_________ is concerned with the withdrawal of State from an industry or sector, partially or fully.

organisation of commerce and management liberalization, privatization and globalization concept and necessity of globalization highlights of lpg policy multinational corporations

  1. Liberalization

  2. Modernization

  3. Privatization

  4. Globalization

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Correct Option: C
Explanation:

Privatization refers to giving greater role to private sector and reducing the role of public sector through disinvestment of public sector and dilution of stake of the government. Privatization results in better economic development due to more resources from private sector, better management due high competition in private sector and encouragement of entrepreneurial skills into the individual.

Early identification of opportunities do not help an enterprise to exploit opportunities.

organisation of commerce and management liberalization, privatization and globalization concept and necessity of globalization highlights of lpg policy multinational corporations

  1. False

  2. True

  3. Partly true

  4. None of above

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Correct Option: B
Explanation:

True. 

Early identification of business opportunities do not help these business to exploit them but an efficient plan where the strength of the business is perfectly utilized in order to exploit such opportunity. 

______ aims at integrating our national economy with that of the world.

organisation of commerce and management liberalization, privatization and globalization concept and necessity of globalization highlights of lpg policy multinational corporations

  1. Globalization

  2. Liberalization

  3. Privatization

  4. Diverstment

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Correct Option: A
Explanation:

Globalization refers to the integration of various economies of the world by removing of strict policies in regard to the import and export of goods and services and foreign direct investments. Globalization involves greater interaction and interdependence among the various nations of the global economy which makes the market very vast. 

identification of possible treats helps in taking corrective and improving measures to survive the competition.

organisation of commerce and management liberalization, privatization and globalization concept and necessity of globalization highlights of lpg policy multinational corporations

  1. False

  2. True

  3. Partly true

  4. None of above

Show answer
Correct Option: B
Explanation:

Identification of possible treats in the business helps the management to come up with a back up plan that possess taking corrective and improving measures in order to survive in the tough competition. 

______ which has become a universal trend,means transfer of ownership and/or management of an enterprise from the public sector to the private sector.

organisation of commerce and management liberalization, privatization and globalization concept and necessity of globalization highlights of lpg policy multinational corporations

  1. Globalization

  2. Privatization

  3. Liberalization

  4. All of above

Show answer
Correct Option: B
Explanation:

Privatization refers to giving greater role to private sector and reducing the role of public sector through disinvestment of public sector and dilution of stake of the government. Privatization results in better economic development due to more resources from private sector, better management due high competition in private sector and encouragement of entrepreneurial skills into the individual.