Exam (elaborations)
mgt 3120 - smartbook four (1).
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- GPSTC Class 290
- Institution
- GPSTC Class 290
mgt 3120 - smartbook four (1).
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mgt 3120 - smartbook fourWhich of the following are among the most-imported goods in the United States?
(Choose every correct answer.) - CORRECT ANSWER-Cell phones
TVs
Pharmaceuticals
The trend of the world economy toward becoming a more interdependent system is
referred to as _______. - CORRECT ANSWER-globalization
What two things are credited with creating the "global village?" (Choose every
correct answer.) - CORRECT ANSWER-Electronic media
Convenient air travel
Which of these events are credited with setting up the conditions by which the global
economy - goods, people, and money moving freely throughout the world - could
flourish? - CORRECT ANSWER-The worldwide trend of governments deregulating
their economies
The fall of the Berlin Wall
Asian countries opening their economies to foreign investors
The ability to operate in different cultures is the definition of _____. - CORRECT
ANSWER-cross-cultural awareness
Currently, the United States exports more than it imports. - CORRECT
ANSWER-False
Wal-Mart is an example of a(n) ______ because it is a business with operations in
multiple countries. - CORRECT ANSWER-multinational corporation
Globalization is the trend of the world economy becoming a more _______ system. -
CORRECT ANSWER-interdependent
Managers who are ______ believe that their native country, culture, language, and
behavior are superior to all others. - CORRECT ANSWER-ethnocentric
The "shrinking" of time and space as air travel and the electronic media make it
easier for people of the world to communicate with one another refers to _____. -
CORRECT ANSWER-the global village
History shows that countries used to be concerned only with regulating their own
economies. As times have changed, goods, people, and money now move more
freely throughout the world. These changes reflect the idea of _____. - CORRECT
ANSWER-a global economy
, During her interview, Sicily told the recruiter that she had worked overseas for the
past six years where she had to learn a new language, understand the social rules of
the country she was living in and adjust to cramped living quarters. This recruiter
would see these conditions as a demonstration of Sicily's _____.
Multiple choice question. - CORRECT ANSWER-adaptability
What are maquiladoras? - CORRECT ANSWER-Foreign-owned manufacturing
plants that operate in Mexico in exchange for employing Mexican citizens
A company that has operations in several countries is called a(n) ______. -
CORRECT ANSWER-multinational corporation
Using suppliers outside of the company to provide materials to make goods and
services is called _____. - CORRECT ANSWER-outsourcing
Another way to describe ethnocentrism is as a narrow view in which people see
things solely through their own perspective. This is called _____. - CORRECT
ANSWER-parochialism
What are reasons for global outsourcing, or offshoring, to a foreign supplier?
(Choose every correct answer.) - CORRECT ANSWER-It has resources not
available in the U.S.
It has labor that is cheaper than American labor.
It has special expertise.
East-West Traders, based in Los Angeles, buys home accessories from Italy and
then resells them domestically. What process is this company using to obtain goods?
- CORRECT ANSWER-importing
The practice of producing goods domestically and selling them outside the country is
referred to as _______. - CORRECT ANSWER-exporting
Foreign companies with manufacturing plants that are allowed to operate in Mexico
with special privileges in exchange for employing Mexican citizens are known as
_______. - CORRECT ANSWER-maquiladoras
The ability to move goods and services among nations without any political or
economic obstruction is called _____. - CORRECT ANSWER-free trade
What is outsourcing? - CORRECT ANSWER-Using suppliers outside the company
to provide goods and services
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