MGMT 351 Test 3 | Questions with Verified Answers Which of these lists represents the drivers of globalization? International trade pacts and technology The country in which the parent organization is headquartered is known as the ______. home country The country in which an organization operate...
Which of these lists represents the drivers of globalization?
International trade pacts and technology
The country in which the parent organization is headquartered is known as the ______.
home country
The country in which an organization operates a facility or conducts other business
activities is known as the ______.
host country
Expatriates are defined as ______.
employees assigned to work in another country
Employees from a country other than the home country or the host country are known
as ______.
third country nationals
Which of these are drivers of globalization? (Select all that apply.)
Technology,
Companies that build facilities and sell products in a number of different countries are
known as ______.
multinational corporations
Multinational enterprises are defined as ______.
companies that sell their services in a number of different countries
Nonprofit organizations that function independently of any government and serve the
world's population are known as ______.
nongovernmental organizations
Internationalization is defined as the ______.
process of an organization crossing national borders for the first time to do business
People taking notice of previously ignored phenomena, worldwide networks of buyers
and sellers, and opportunities for global marketing are all ways that ______ has affected
international business.
Technology
Culture is defined as the ______.
, values, orientations, and beliefs that affect individuals in a society and influence their
worldview
Cultures in which people complete a whole task before moving on to another are known
as ______ cultures.
Monochromic
Polychronic cultures are characterized by people ______.
participating in multiple activities at the same time
Social networks such as Facebook and Instagram have made it easier for companies to
______
market their products and services across the globe
Formality is defined as the ______.
extent to which procedures are written down and followed through with almost
bureaucratic precision
The extent to which people identify with their chosen profession is an example of how
culture affects ______.
the way individuals view work
Cultures in which people are primarily concerned with building relationships as opposed
to completing tasks are known as ______ cultures.
Polychronic
Individualism is defined as the tendency for people to ______.
look after themselves and their immediate family
Collectivism is defined as the tendency for people to ______.
subordinate their own needs for the greater good of a group
Power distance is defined as the ______.
degree to which people accept an unequal distribution of power across institutions,
organizations, and people
Uncertainty avoidance is defined as a culture's ______.
comfort level with risk and ambiguous situations
A culture's tendency to focus on the future is known as ______.
long-term orientation
A culture's tendency to focus on the present is known as ______.
short-term orientation
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