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BUSMHR 2000 Exam 1 Questions and Answers | 100% Pass • Globalization - Answer-The trend toward increased cultural and economic connectedness between people, businesses, and organizations throughout the world. Global Institutions - Answer-(1) -Help manage, regulate, and police the global mark...

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  • October 3, 2024
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  • 2024/2025
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  • busmhr 2000 exam 1 questions and answers 100 pa

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EMILLYCHARLOTTE 2024/2025 ACADEMIC YAER
©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISH SEPTEMBER 2024

BUSMHR 2000 Exam 1 Questions and
Answers | 100% Pass

• Globalization - Answer✔✔-The trend toward increased cultural and economic

connectedness between people, businesses, and organizations throughout the world.


Global Institutions - Answer✔✔-(1) -Help manage, regulate, and police the global

marketplace.

-Promote the establishment of multinational treaties to govern the global business

system.

- General Agreement on Tariffs and Trade (GATT), World Trade Organization (WTO),

International Monetary Fund (IMF), World Bank, United Nations (UN).

WTO - Answer✔✔-The World Trade Organization - an international body that

enforces agreements that reduce barriers to international trade; successor to the GATT

IMF - Answer✔✔-International Monetary Fund//a United Nations agency to promote

trade by increasing the exchange stability of the major currencies

International Business - Answer✔✔-The business activites necessary for creating,

shipping, and selling goods and services across national borders.

International firm - Answer✔✔-Any firm, regardless of size, that is engaged in

international business

MNE - Answer✔✔-Multinational Enterprise. a global firm that has corporate units

located in foreign countries.
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, EMILLYCHARLOTTE 2024/2025 ACADEMIC YAER
©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISH SEPTEMBER 2024
Market motives - Answer✔✔-the motivation of a company to seize through trade

and/or investment or stand it's ground in the face of competitive international business

Economic Motives - Answer✔✔-the motivation to increase return through higher

revenues or lower costs through international raw materials, natural resources, a cheap

labor supply for manufacturing goods

Strategic Motives - Answer✔✔-the motivations leading firms overseas to capitalize on

distinctive resources and capabilities developed at home. These can include

technologies and Economies of Scale.

Economies of Scale - Answer✔✔-as a company produces larger numbers of a

particular product, the cost of each of these products goes down

International versus Domestic Business - Answer✔✔-the variations in business seen

locally versus overseas including environmental dynamics and operational nature

Environmental Dynamics - Answer✔✔-Currency, inflation, interest rates, accounting

practices, cultures, social customs, laws, political stability of another country

Operational Nature - Answer✔✔-communication, coordination, motivation,

differences in organizational principles and management philosophies, made

increasingly more difficult in an international setting

risk - Answer✔✔-the unpredictability of operational and financial outcomes

uncertainty - Answer✔✔-the unpredictability of environmental or organizational

conditions that affect firm performance




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