Help
Options
Didn't know it?
click below
click below
Knew it?
click below
click below
Don't Know
Remaining cards (0)
Know
retry
shuffle
restart
0:00
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
MGT C1,2
MGT C1
| Question | Answer |
|---|---|
| What are the two macro factors that underlie the trend toward greater globalization? | technological change & decline in trade barriers |
| A company is involved in foreign direct investment when it | invests in business activities outside of its home country. |
| Historically, national markets were distinct and separate entities. Today, these separate national markets have merged. This process is known as Blank______. | the globalization of markets |
| Select the four facts that describe the demographics of the global economy a half a century ago. (Check all that apply.) | Roughly half of the globe was off-limits to Western international business, U.S. dominance in the world economy and world trade, U.S. dominance in world foreign direct investment, and of large, multinational U.S. firms in the international business scene |
| Which global institution is the successor to GATT? | The World Trade Organization |
| In the early 1960s, the U.S. was the world's dominant industrial power. How does the U.S. position compare today? | It has diminished in power. |
| The text notes that there are two macro factors fueling the trend toward greater globalization. These two factors focus on a decline in trade barriers and | technological change. |
| International trade occurs when a company | exports goods or services to consumers in another country. International trade is not a form of FDI. |
| The outward stock of foreign direct investment has Blank______ for the world as a whole since 1995. | increased |
| The development of the microprocessor has lead to Blank______. | a reduction in the cost of global communications |
| There has been two notable trends in the demographics of multinational enterprises in the last 50 years. These include Blank______. | the growth of mini-multinationals & the rise of non-U.S. multinationals. |
| The decline of the United States' standing as a dominant industrial power is considered a(n) Blank______ decline because it reflects the faster economic growth of other economies. | relative |
| In terms of conducting international business in China, it can be said that | China represents a large -- basically untapped -- market. |
| The outward stock of foreign direct investment refers to the Blank______ of foreign investments by firms domiciled in a nation outside of that nation's borders. | total cumulative value |
| Critics of globalization protest in order to Blank______. | diminish the impact of the culture of multinational enterprises on the world |
| A(n) Blank______ business is any firm that engages in cross-border trade or investment. | international |
| True or False: Supporters of globalization argue that bodies such as the World Trade Organization and the United Nations exist to serve the collective interests of member states, not to subvert those interests. | True |
| The text lists several reasons that stand out as the cause for economic stagnation in the world's poorest countries. What are three of those reasons? | Totalitarian governments Prolonged civil war Poor property rights protection |
| Michael works at a lawnmower manufacturing company in St. Louis, Missouri, and his company imports component parts from Thailand and also ships final product to various countries. Michael's company is an example of a(n) Blank______ business. | international |
| What is one concern voiced by critics of globalization? | An interdependent global economy shifts economic power away from national governments and toward organizations such as the United Nations. |
| The term Blank______ is used to stress that the political, economic, and legal systems of a country are connected. | political economy |
| ______ refers to a political system that values the needs of society over that of an individual. Multiple choice question. | Collectivism |
| The three broad types of economic systems include a market economy, a mixed economy and a(n) Blank______ economy. | command |
| What three systems make up the political economy of a country? | economic, legal, political system |
| In a pure market economy, production of goods is determined by | the interaction of supply and demand. |
| The system of government in a nation is called the Blank______ system | political |
| A government plans the quantity of goods and services produced as well as the prices at which they are sold in a pure _____ economy | command |
| Collectivism refers to a political system that | restricts an individual’s right to do something on the grounds that it runs counter to the “good of society.” |
| What is the objective of a pure command economy? | Allotment of resources for the overall good of society |
| The body of law that governs oral and written agreements associated with the exchange of goods, services, money, and property is known as Blank______ law. | contract |
| True or False: Unlike the economic system of a country, the legal system is NOT influenced by the prevailing political system. | False |
| The legal rights regarding the use of a resource by a business or individual are known as Blank______ rights. | property |
| Product Blank______ is the area of law that holds a firm and its officers responsible for injuries caused by their product. | liability |
| What two broad issues for international business can be identified when considering the political, economic, and legal environments of a country? | These systems clearly influence the attractiveness of a country as a market or investment site. These systems raise important ethical issues that have implications for international business. |
| The body of law that governs oral and written agreements associated with the exchange of goods, services, money, and property is known as Blank______ law. | contract |
| If all other things are equal, what three environments would make a country more attractive as a place to do business in? | democratic political institutions, strong protection of property rights, market-based economic system |
| According to lecture and the textbook, whic situation would require the use of a trademark? | A clothing manufacturer wants to differentiate its new line of jeans by naming the line "Ocean Blue" |
Created by:
aeperla