Exam (elaborations)
Managing in a Global Business Environment - D080.
Managing in a Global Business Environment - D080.
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Managing in a Global BusinessEnvironment - D080
Technology - ANS-Social Media Platform
Transportation - ANS-Commercial Air Travel
Cooperation - ANS-International Monetary Fund (IMF)
Not a Driver - ANS-Wealth Inequality
Globalization - ANS-Members of a work team are from many different countries. They
share their thoughts on developing a strategy to market a product in several different
countries.
What is the term for the international integration of the team members' exchange of
worldviews and ideas to develop the strategy?
Outsourcing - ANS-A manager seeks to reduce production costs for a product by
moving the production to a country with lower labor costs.
What is the term for the movement of jobs from a high-cost labor country to a low-cost
labor country?
Economic - ANS-Which type of globalization refers to the international movement of
goods, capital, and services?
Profitability - ANS-The CEO of an international company reminds the executive vice
presidents that while the company may do good while performing corporate social
responsibilities, the business has one ultimate goal since it is engaged in commercial
activities with corporate shareholders.
Which ultimate goal is the CEO emphasizing to the executive vice presidents?
Direct investment - ANS-A CEO decides to expand the company's business
internationally by purchasing production capability in another country, including the
foreign country's buildings and equipment.
Which type of market entry is the CEO using?
Cost - ANS-Which type of globalization driver is the CEO seeking to use?
,Infrastructure - ANS-A CEO is discussing an expansion of production of a company's
highly perishable dairy line in a country that can offer low labor costs and good internet
connections. The country has no highways, and roads are poorly maintained.
Which challenge to international business expansion do the road conditions present?
Globalization 1.0 - ANS-This is the least desirable level of globalization to deal with due
to a lack of transportation and technology options.
Globalization 2.0 - ANS-This stage of globalism leads to more access to delivering
goods on a worldwide platform due to advances in transportation.
Globalization 3.0 - ANS-This is the most desirable level of globalism due to advances in
technology and communication, making global interactions and transaction smoother.
Economics - ANS-Which factor is an element of a CAGE analysis when assessing
barriers to cross-border activity?
Economics - ANS-Which factor of CAGE addresses differences in country size that
affect barriers to globalization?
It increases the wealth of the rich rather than the poor. - ANS-Which argument is used
by critics who wish to discourage movement towards globalization?
Anarchism - ANS-Individuals control political activities, and the government has no
control over these activities.
Totalitarianism - ANS-A centralized government creates oppressive policies based on
ideas from powerful leadership.
Direct democracy - ANS-The government provides a method of voting for the people of
a country, not for elected officials.
Restrictions on freedom of speech - ANS-Which accommodation should an American
multinational company make to conduct business in China?
What is a free trade zone? - ANS-A geographic region in which a county will reduce
restrictions that might prevent or reduce trade
Which term describes a government giving a tax break to a producer to increase their
global competitiveness? - ANS-Subsidies
, Industrialized - ANS-Prevalent formation of new markets with possibility of saturation.
Less-developed - ANS-Focus on agriculture and raw materials with limited imports.
Developing - ANS-Growing population which leads to long-term growth potential.
Which type of economy is decentralized and allows firms and households to participate
in global trade with minimum governmental interference? - ANS-Market
What type of economy is centered on families or tribes where little to no global trade is
practiced? - ANS-Traditional
Socialism - ANS-A system in which the government controls the means of production
and regulates global trade.
Capitalism - ANS-A system in which the means of production is controlled by private
owners who can choose to participate in global trade.
Communism - ANS-A system in which all property is publicly owned and the
government controls global trade.
Which type of law system is based on a code and focuses on how the law is applied to
the facts? - ANS-Civil
Which law is based on tradition and precedent given that judicial rulings can stand as
precedents for future cases? - ANS-Common
Which law system can vary from community to community and is found in countries
without strong formal justice systems? - ANS-Customary
In which law system does a judge decide the applicable law for the case as a jury
determines the facts? - ANS-Common
Which type of globalization is represented by Sure Start expanding into South America,
Europe, and Asia? - ANS-Economic
Sure Start is starting a new division for rechargeable batteries in different parts of the
world.
What was the globalization driver of this decision? - ANS-Competition
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