MGT 4380- EXAM 1 QUESTIONS AND CORRECT DETAILED
ANSWERS (VERIFIED ANSWERS) ALREADY GRADED A+
Globalization Ans✓✓✓the shift toward a more interdependent and
integrated
global economy
International Business Ans✓✓✓encompasses a full range of cross-
border
exchanges of goods, services, or resources between two or more nations
strategic management Ans✓✓✓the body of knowledge that answers
questions
about the development and implementation of good strategies and is
mainly concerned with the determinants of firm performance
strategy Ans✓✓✓he central, integrated, and externally oriented concept
of how an organization will achieve its performance objectives
SWOT Ans✓✓✓(strengths, weaknesses, opportunities, threats)
- tool that helps you take stock of an organization's internal
characteristics—its strengths and weaknesses—to formulate an action
plan that builds on what it does well while overcoming or working
around weaknesses.he external part of SWOT—the opportunities and
threats—helps you assess those environmental conditions that favor or
threaten the
,organization's strategy
entrepreneurship Ans✓✓✓the recognition of opportunities (i.e., needs,
wants,
problems, and challenges) and the use or creation of resources to
implement innovative ideas for new, thoughtfully planned ventures
entrepreneur Ans✓✓✓person who organizes and operates a business or
businesses, assuming greater than normal financial risks to do so.
Intrapreneurship Ans✓✓✓a form of entrepreneurship that takes place
inside a
business that is already in existence
intrapreneur Ans✓✓✓a person within the established business who
takes direct responsibility for turning an idea into a profitable finished
product through assertive risk taking and innovation
stakeholder Ans✓✓✓an individual or organization whose interests may
be
affected as the result of what another individual or organization does
stakeholder analysis Ans✓✓✓a technique you use to identify and assess
the
, importance of key people, groups of people, or institutions that may
significantly influence the success of your activity, project, or business
business Ans✓✓✓a person or organization engaged in commerce with
the aim of achieving a profit.
importer Ans✓✓✓sells products and services that are sourced from
other countries
exporter Ans✓✓✓sells products and services in foreign countries that
are sourced from its home country
Foreign Direct Investment Ans✓✓✓a firm is investing assets directly
into a
foreign country's buildings, equipment, or organizations
location advantages Ans✓✓✓when the choice of foreign location
generates
unique advantages (includes better access to raw materials, less costly
labor, key suppliers, key customers, energy, and natural resources)
government Ans✓✓✓the organization, or agency, through which a
political unit exercises its authority, controls and administers public
policy, and directs and controls the actions of its members or subjects
ANSWERS (VERIFIED ANSWERS) ALREADY GRADED A+
Globalization Ans✓✓✓the shift toward a more interdependent and
integrated
global economy
International Business Ans✓✓✓encompasses a full range of cross-
border
exchanges of goods, services, or resources between two or more nations
strategic management Ans✓✓✓the body of knowledge that answers
questions
about the development and implementation of good strategies and is
mainly concerned with the determinants of firm performance
strategy Ans✓✓✓he central, integrated, and externally oriented concept
of how an organization will achieve its performance objectives
SWOT Ans✓✓✓(strengths, weaknesses, opportunities, threats)
- tool that helps you take stock of an organization's internal
characteristics—its strengths and weaknesses—to formulate an action
plan that builds on what it does well while overcoming or working
around weaknesses.he external part of SWOT—the opportunities and
threats—helps you assess those environmental conditions that favor or
threaten the
,organization's strategy
entrepreneurship Ans✓✓✓the recognition of opportunities (i.e., needs,
wants,
problems, and challenges) and the use or creation of resources to
implement innovative ideas for new, thoughtfully planned ventures
entrepreneur Ans✓✓✓person who organizes and operates a business or
businesses, assuming greater than normal financial risks to do so.
Intrapreneurship Ans✓✓✓a form of entrepreneurship that takes place
inside a
business that is already in existence
intrapreneur Ans✓✓✓a person within the established business who
takes direct responsibility for turning an idea into a profitable finished
product through assertive risk taking and innovation
stakeholder Ans✓✓✓an individual or organization whose interests may
be
affected as the result of what another individual or organization does
stakeholder analysis Ans✓✓✓a technique you use to identify and assess
the
, importance of key people, groups of people, or institutions that may
significantly influence the success of your activity, project, or business
business Ans✓✓✓a person or organization engaged in commerce with
the aim of achieving a profit.
importer Ans✓✓✓sells products and services that are sourced from
other countries
exporter Ans✓✓✓sells products and services in foreign countries that
are sourced from its home country
Foreign Direct Investment Ans✓✓✓a firm is investing assets directly
into a
foreign country's buildings, equipment, or organizations
location advantages Ans✓✓✓when the choice of foreign location
generates
unique advantages (includes better access to raw materials, less costly
labor, key suppliers, key customers, energy, and natural resources)
government Ans✓✓✓the organization, or agency, through which a
political unit exercises its authority, controls and administers public
policy, and directs and controls the actions of its members or subjects
