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Business Management Learn Smart Part 2 Exam Quiz 2 Latest Guide 100% Verified
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Business Management Learn Smart Part2 Exam Quiz 2 Latest Guide 100%
Verified.
Which of the following would be seen as a stepping stone toward
establishing a Free Trade of the Americas agreement?
Correct Answer -the Central American Free Trade Agreement (CAFTA)
The growth of commercial jet travel would be an example of an
innovation in transportation technology which helps to reduce
__________
Correct Answer -barriers of distance and culture
To take advantage of national differences int he cost and quality of
resources such as labor or raw materials, global outsourcing has what?
Correct Answer -grown enormously
worsening macroeconomic conditions limit managers' ability to gain
access to:
Correct Answer -capital
when the barriers to trade and investment are lowered, a manager's job
becomes more challenging because __________
Correct Answer -the intensity of competition in the market increases
regional trade agreements, like NAFTA and CAFTA, present increased
__________ for managers
Correct Answer -opportunities and threats
,the model of national culture that was developed by Hofstede, includes
the dimensions along which national cultures can be placed. These
include:
Correct Answer --power distance
-uncertainty avoidance
-individualism versus collectivism
increased opportunities and threats for managers are created by
agreements such as NAFTA, which is an example of a(n) ___________
agreement
Correct Answer -regional free-trade
when considering the political and legal forces in the environment, in the
industrialized world, there has been a strong trend toward what?
Correct Answer --deregulation of industries previously controlled by the
state
-privatization of organizations once owned by the state
while tariffs are intended to protect industries and jobs, they can
ultimately ____________
Correct Answer --reduce employment
-undermine the economic growth
a government tax on imports or, occasionally, on exports is a(n) ______-
Correct Answer -tariff
high levels of rivalry result in what?
Correct Answer --price competition
, -reduced profits
-decreased prices
generally, societies that value conformity to norms and prefer structured
situations are _________ uncertainty avoidance
Correct Answer -high on
low rivalry and among competitors results in a task environment where
competitive pressures are:
Correct Answer -moderate and managers have more access to the
resources they need
low levels of unemployment and falling interest rates give:
Correct Answer -people more money to spend
forces in the task environment result from the actions of suppliers,
distributors, customers, and competitors both at home and abroad and
affect a manager's ability to _______
Correct Answer -obtain resources and dispose of outputs
a political or legal force that can lead to increased competition int he task
environment is _________
Correct Answer -deregulation
large distributors can force manufacturers to lower their prices because
their size allows them to control customers' access to what?
Correct Answer -goods and services
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