BUSI 3250 AUBURN STUDY GUIDE ACTUAL
QUESTIONS WITH EXPERT REVIEW
GUARANTEED PASS
●● Foreign Business
Answer: Denotes the operations of a company outside its home or
domestic market. Interchangeable with International Business
●● International Company
Answer: A company with operations in multiple nations
●● Environment
Answer: All the forces influencing the life and development of the firm.
●● Uncontrollable Forces
Answer: External forces that management has no direct control over.
●● Uncontrollable Forces (PESTLE)
Answer: Political, Environmental, Socio-Cultural, Technological, Legal,
and Economic.
●● Bottom Line Pyramid
, Answer: Prof. C. K. Prahalad created this to refer to the 3 billion people
who survive on less that $2 a day.
●● Self-reference Criterion
Answer: Unconscious reference to your own cultural values when
judging behaviors of others in a new and different environment. The
thought that the way our country does it is the best way.
●● What are the three choices international managers have in deciding
what to do with a concept or a technique employed in domestic ops?
Answer: Transfer it intact, adapt it to local conditions, or not use it
overseas.
●● International managers who ____________________ are better
prepared to decide which option to follow.
Answer: discover there are differences in the environmental factors
●● When did the internationalization of business really gain traction?
Answer: 100 years ago
●● Transnational Corporation (TNCs)
Answer: An enterprise made up of entities in more than one nation,
operating under a decision making system that allows a common
strategy and coherent policies.
QUESTIONS WITH EXPERT REVIEW
GUARANTEED PASS
●● Foreign Business
Answer: Denotes the operations of a company outside its home or
domestic market. Interchangeable with International Business
●● International Company
Answer: A company with operations in multiple nations
●● Environment
Answer: All the forces influencing the life and development of the firm.
●● Uncontrollable Forces
Answer: External forces that management has no direct control over.
●● Uncontrollable Forces (PESTLE)
Answer: Political, Environmental, Socio-Cultural, Technological, Legal,
and Economic.
●● Bottom Line Pyramid
, Answer: Prof. C. K. Prahalad created this to refer to the 3 billion people
who survive on less that $2 a day.
●● Self-reference Criterion
Answer: Unconscious reference to your own cultural values when
judging behaviors of others in a new and different environment. The
thought that the way our country does it is the best way.
●● What are the three choices international managers have in deciding
what to do with a concept or a technique employed in domestic ops?
Answer: Transfer it intact, adapt it to local conditions, or not use it
overseas.
●● International managers who ____________________ are better
prepared to decide which option to follow.
Answer: discover there are differences in the environmental factors
●● When did the internationalization of business really gain traction?
Answer: 100 years ago
●● Transnational Corporation (TNCs)
Answer: An enterprise made up of entities in more than one nation,
operating under a decision making system that allows a common
strategy and coherent policies.
