Wgu d080 stuvia - Study guides, Class notes & Summaries

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...

What is globalization? - ANSWER - When international integration arises from the interchange of world views, products, ideas, and other aspects of cultures. different types of Globalization - ANSWER - 1. Economic 2. Political 3. Cultural Advantages of Economic globalization - ANSWER - more trade, investments, information technology, faster economic development, and increased social being Disadvantages of Economic globalization - ANSWER - benefits the rich at the expense of the poor,...

Nowadays, countries have joined different international organizations as well as regional organizations and have signed agreements to follow the organization's rules. This is due to______. * - ANSWER - Political globalization General Motor in recent years have gradually moved its production facilities to Mexico and have lowered the production cost significantly. This is a benefit brought by_________. - ANSWER - Economic globalization Over many years, the Ireland government has made a cons...

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...

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...

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...

How do monopolies hurt consumers? - ANSWER - lack of economic competition, corporations have the ability to raise the market price without losing customers to competition. _________________ are statutes developed by governments to protect consumers from predatory business practices and ensure fair competition. - ANSWER - anti-trust laws A farmers market has many vendors and consumers who all sell and buy the same produce at the same price. Which type of market is represented? - ANSWER - P...

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...

How do monopolies hurt consumers? - ANSWER - lack of economic competition, corporations have the ability to raise the market price without losing customers to competition. _________________ are statutes developed by governments to protect consumers from predatory business practices and ensure fair competition. - ANSWER - anti-trust laws ? - ANSWER - Pure competition A sole, national telephone company was found violating antitrust laws and was forced to separate into regional companies. W...

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...