University of Texas at Dallas IMS 3310 - Exam 1 (Zydorek) ||
Faultless Answers 100%.
International business (IB) correct answers (1) A business (firm) that engages in international
(cross-border) economic activities and/or (2) the action of doing business abroad
Multinational enterprise (MNE) correct answers A firm that engages in foreign direct investment
(FDI)
Foreign direct investment (FDI) correct answers Investment in, controlling, and managing value-
added activities in other countries
Global business correct answers Business around the globe
Global mindset correct answers Ability to "connect the dots" globally
Expatriate manager (expat) correct answers A manager who works abroad
International premium correct answers A significant pay raise when working overseas
A Unified Framework correct answers What is it that we do in global business?
It is about treating the global economy as your potential playground (or battlefield).
Fundamental Question correct answers What determines the success and failure of firms around
the globe?
Institution-Based View correct answers Suggests that the success and failure of firms are enabled
and constrained by institutions.
,Triple bottom line correct answers Economic, social, and environmental performance
Stakeholder correct answers Any group or individual who can affect or is affected by the
achievement of a firm's objectives.
"Rules of the game" correct answers Doing business around the globe requires intimate
knowledge about both formal rules (such as laws) and informal rules (such as values) that govern
competition in various countries.
Resource-Based View correct answers Focuses on a firm's internal resources and capabilities
Liability of foreignness correct answers The inherent disadvantage that foreign firms experience
in host countries because of their nonnative status.
Globalization correct answers The close integration of countries and peoples of the world
(capital, people, goods/services, technology)
Emerging economies correct answers A term that has gradually replaced the term "developing
countries" since the 1990s
Emerging markets correct answers A term that is often used interchangeably with "emerging
economies"
Base of the pyramid (BoP) correct answers Economies where people make less than $2,000 per
capita per year
Reverse innovation (or frugal innovation) correct answers An innovation that is adopted first in
emerging economies and is then diffused around the world.
, Risk management correct answers The identification and assessment of risks and the preparation
to minimize the impact of high-risk, unfortunate events
Black swan event correct answers An unpredictable event that is beyond what is normally
expected and that has severe consequences
Semiglobalization correct answers A perspective that suggests that barriers to market integration
at borders are high, but not high enough to insulate countries from each other completely
Gross domestic product (GDP) correct answers The sum of value added by resident firms,
households, and governments operating in an economy
Purchasing power parity (PPP) correct answers A conversion that determines the equivalent
amount of goods and services that different currencies can purchase.
Gross national product (GNP) correct answers GDP plus income from nonresident sources
abroad
Gross national income (GNI) correct answers GDP plus income from nonresident sources
abroad; GNI is a term used by the World Bank and other international organizations to supersede
the term GNP
Institutional transition correct answers Fundamental and comprehensive changes introduced to
the formal and informal rules of the game that affect firms as players
Institution correct answers Formal and informal rules of the game
Institutional framework correct answers Formal and informal institutions that govern individual
and firm behavior
Faultless Answers 100%.
International business (IB) correct answers (1) A business (firm) that engages in international
(cross-border) economic activities and/or (2) the action of doing business abroad
Multinational enterprise (MNE) correct answers A firm that engages in foreign direct investment
(FDI)
Foreign direct investment (FDI) correct answers Investment in, controlling, and managing value-
added activities in other countries
Global business correct answers Business around the globe
Global mindset correct answers Ability to "connect the dots" globally
Expatriate manager (expat) correct answers A manager who works abroad
International premium correct answers A significant pay raise when working overseas
A Unified Framework correct answers What is it that we do in global business?
It is about treating the global economy as your potential playground (or battlefield).
Fundamental Question correct answers What determines the success and failure of firms around
the globe?
Institution-Based View correct answers Suggests that the success and failure of firms are enabled
and constrained by institutions.
,Triple bottom line correct answers Economic, social, and environmental performance
Stakeholder correct answers Any group or individual who can affect or is affected by the
achievement of a firm's objectives.
"Rules of the game" correct answers Doing business around the globe requires intimate
knowledge about both formal rules (such as laws) and informal rules (such as values) that govern
competition in various countries.
Resource-Based View correct answers Focuses on a firm's internal resources and capabilities
Liability of foreignness correct answers The inherent disadvantage that foreign firms experience
in host countries because of their nonnative status.
Globalization correct answers The close integration of countries and peoples of the world
(capital, people, goods/services, technology)
Emerging economies correct answers A term that has gradually replaced the term "developing
countries" since the 1990s
Emerging markets correct answers A term that is often used interchangeably with "emerging
economies"
Base of the pyramid (BoP) correct answers Economies where people make less than $2,000 per
capita per year
Reverse innovation (or frugal innovation) correct answers An innovation that is adopted first in
emerging economies and is then diffused around the world.
, Risk management correct answers The identification and assessment of risks and the preparation
to minimize the impact of high-risk, unfortunate events
Black swan event correct answers An unpredictable event that is beyond what is normally
expected and that has severe consequences
Semiglobalization correct answers A perspective that suggests that barriers to market integration
at borders are high, but not high enough to insulate countries from each other completely
Gross domestic product (GDP) correct answers The sum of value added by resident firms,
households, and governments operating in an economy
Purchasing power parity (PPP) correct answers A conversion that determines the equivalent
amount of goods and services that different currencies can purchase.
Gross national product (GNP) correct answers GDP plus income from nonresident sources
abroad
Gross national income (GNI) correct answers GDP plus income from nonresident sources
abroad; GNI is a term used by the World Bank and other international organizations to supersede
the term GNP
Institutional transition correct answers Fundamental and comprehensive changes introduced to
the formal and informal rules of the game that affect firms as players
Institution correct answers Formal and informal rules of the game
Institutional framework correct answers Formal and informal institutions that govern individual
and firm behavior
