BUSA 4000 (11) Questions with CORRECT Answers
Question:
What is crosscultural risk?
Answer:
cultural differences like language, lifestyle, attitudes, and religion,
negotiation patterns.
Question:
What is currency risk?
Answer:
currency exposure, asset valuation, foreign taxation, inflationary and transfer
pricing.
Question:
What is commercial risk?
Answer:
weak partner, operational problems, timing of entry, competitive intensity, poor
execution of strategy
Question:
What is country risk?
Answer:
Exposure to potential loss or adverse effects on company operations and
profitability caused by developments in a country's political and/or legal
environments.
Question:
What is competitive advantage?
Answer:
Factors that allow a company to produce goods or services better or more cheaply
than its rivals.
, Question:
Define efficiency
Answer:
lower the cost of the firm's operations and activities on a global scale
Question:
Define flexibility
Answer:
the agility to manage diverse country risks and opportunities by tapping resources
in individual countries
Question:
Define learning
Answer:
develop the firms products, technologies, capabilities, and skills by
internalizing knowledge gained from international ventures
Question:
What is visionary leadership?
Answer:
A quality of senior management that provides superior strategic guidance for
managing efficiency, flexibility, and learning
Question:
What is global team?
Answer:
an internationally distributed group of employees charged with a specific problem
solving mandate that affects the whole firm.
Question:
What is global integration?
Answer:
Coordination of the firm's valuechain activities across multiple countries to
achieve worldwide efficiency, synergy, and crossfertilization, to take advantage
of similarities between countries.
Question:
What is crosscultural risk?
Answer:
cultural differences like language, lifestyle, attitudes, and religion,
negotiation patterns.
Question:
What is currency risk?
Answer:
currency exposure, asset valuation, foreign taxation, inflationary and transfer
pricing.
Question:
What is commercial risk?
Answer:
weak partner, operational problems, timing of entry, competitive intensity, poor
execution of strategy
Question:
What is country risk?
Answer:
Exposure to potential loss or adverse effects on company operations and
profitability caused by developments in a country's political and/or legal
environments.
Question:
What is competitive advantage?
Answer:
Factors that allow a company to produce goods or services better or more cheaply
than its rivals.
, Question:
Define efficiency
Answer:
lower the cost of the firm's operations and activities on a global scale
Question:
Define flexibility
Answer:
the agility to manage diverse country risks and opportunities by tapping resources
in individual countries
Question:
Define learning
Answer:
develop the firms products, technologies, capabilities, and skills by
internalizing knowledge gained from international ventures
Question:
What is visionary leadership?
Answer:
A quality of senior management that provides superior strategic guidance for
managing efficiency, flexibility, and learning
Question:
What is global team?
Answer:
an internationally distributed group of employees charged with a specific problem
solving mandate that affects the whole firm.
Question:
What is global integration?
Answer:
Coordination of the firm's valuechain activities across multiple countries to
achieve worldwide efficiency, synergy, and crossfertilization, to take advantage
of similarities between countries.
