Wgu d080 stuvia - Study guides, Class notes & Summaries

What is globalization? - ANSWER - The key element of globalization is interdependence and interconnectedness among companies and countries around the globe. Globalism is characterized by an increasing number of worldwide connections, rapid and discontinuous change, an increasing number of diverse participants, and growing complexity. What are the economic, political, and cultural effects of globalization? - ANSWER - economic: developed economies integrating with developing countries through f...

A company would like to use a human resource approach that leads to more fluid movement among employees and creates diversity in the workforce. Assignment decisions are made jointly by the headquarters and the field offices. Which human resource approach should be used by this company? - ANSWER - Geocentric Worldwide interconnections in virtually every sphere of activity including the spread of products, technology, information, and job opportunities. Globalization can result in blurred boun...

What is globalization? - ANSWER - the growing global economic, cultural, and political integration and interaction what business opportunities are presented by globalization? - ANSWER - economic growth, spread of technology and innovation, lower cost of products, access to new markets what are the economic effects of globalization? - ANSWER - reduces cost of manufacturing, consumers have a wider variety of goods what are the political effects of globalization? - ANSWER - reduced importa...

Which negative outcome on political systems comes from globalization? - ANSWER - Creation of isolationist policies Which factor results in a higher rate of globalization? - ANSWER - Reduced trade barriers What are the four factors in Ghemawat's CAGE analysis? - ANSWER - Culture, administration, geography, economy What is a major drawback to the home country when companies outsource manufacturing jobs to countries with lower worker wages? - ANSWER - Loss of manufacturing jobs A count...

What is globalization? - ANSWER - The key element of globalization is interdependence and interconnectedness among companies and countries around the globe. Globalism is characterized by an increasing number of worldwide connections, rapid and discontinuous change, an increasing number of diverse participants, and growing complexity. What are the economic, political, and cultural effects of globalization? - ANSWER - economic: developed economies integrating with developing countries through f...

Convention (1999) that aimed to eliminate all practices of child slavery or those similar to slavery - ANSWER - Worst Forms of Child Labour Convention - 1999 What four fundamental aspects of globalization were identified by the IMF in 2000? - ANSWER - - trade and transactions - capital and investment movements - the migration and movement of people - the dissemination of knowledge What environmental challenges are linked with globalization? - ANSWER - global warming, cross-boundary wate...

Which negative outcome on political systems comes from globalization? - ANSWER - Creation of isolationist policies Which factor results in a higher rate of globalization? - ANSWER - Reduced trade barriers What are the four factors in Ghemawat's CAGE analysis? - ANSWER - Culture, administration, geography, economy What is a major drawback to the home country when companies outsource manufacturing jobs to countries with lower worker wages? - ANSWER - Loss of manufacturing jobs A count...

Which negative outcome on political systems comes from globalization? - ANSWER - Creation of isolationist policies Which factor results in a higher rate of globalization? - ANSWER - Reduced trade barriers What are the four factors in Ghemawat's CAGE analysis? - ANSWER - Culture, administration, geography, economy What is a major drawback to the home country when companies outsource manufacturing jobs to countries with lower worker wages? - ANSWER - Loss of manufacturing jobs A count...

A company is considering establishing a subsidiary in a new host country and wishes to prepare its expatriates to adapt to the local environment. How should this company prepare its expatriates? Negotiation Operational training Repatriation Cultural Training - ANSWERS - Cultural training What happens to consumer surplus when tariffs and quotas are discontinued? - ANSWERS - They increase Which type of tariff is put in place to specifically ensure that domestic industries are given an...

AAA ratings - ANSWER - The highest possible rating that may be assigned by a credit rating agency for a bond absolute quota - ANSWER - A quota that strictly limits the quantity of goods that may enter a country. Ad valorem tariffs - ANSWER - Import taxes based on a fixed percentage of the assessed commercial value of imported goods agility - ANSWER - Ability to move quickly and flexibly algorithms - ANSWER - A process or set of rules to be followed in calculations especially by a com...