UF MAN 3025 CORRECT EXAMS STUDY GUIDE
QUESTIONS AND ANSWERS SURE A+
✔✔Natural Capital - ✔✔the value of natural resources, such as topsoil, air, water, and
genetic diversity, which humans depend on
✔✔Corporate Governance - ✔✔The system that ensures that managers act in the best
interest of corporate owners and other stakeholders
✔✔Abusive Supervision - ✔✔Supervisors engage in sustained display of hostile verbal
and non-verbal behaviors (excluding physical contact), based on subordinates',
perceptions
✔✔Workplace Cheating - ✔✔Unethical actions taken by an employee to create an
unfair advantage or to attain undeserved benefits
✔✔Global Village - ✔✔The "Shrinking" of time and space, which refers to how air travel
and electronic media have made it easier for people around the world to communicate
✔✔Multinational Corporation and enterprise - ✔✔A business firm or enterprise with
operations in several countries
,✔✔Multinational organization - ✔✔A nonprofit organization with operations in several
countries
✔✔Ethnocentric managers - ✔✔Managers who believe that their native country, culture,
language, and behavior are superior to all others
✔✔Geocentric Managers - ✔✔managers who accept that there are differences and
similarities between home and foreign personnel and practices and that they should use
whatever techniques are most effective
✔✔Parochialism - ✔✔a narrow view in which people see things solely through their own
perspective
✔✔Polycentric Managers - ✔✔Managers who take the view that native managers in the
foreign offices best understand native personnel and practices, and so the home office
should leave them alone
✔✔Outsourcing - ✔✔Using suppliers outside the company to provide goods and
services
✔✔Offshoring - ✔✔The use of suppliers outside the United States to provide labor,
good, or services; also called global outsourcing
✔✔Countertrading - ✔✔bartering goods for goods
✔✔Franchising - ✔✔a form of licensing in which a company allows a foreign company
to pay it a fee and a share of the profit in return for using the first company's brand
name and a package of materials and services
✔✔Licensing - ✔✔Method of international expansion in which a firm allows a foreign
company to distribute the firm's product or service in exchange for a fee
✔✔Greenfield venture - ✔✔A foreign subsidiary that the owning organization has built
from scratch
✔✔Joint Venture - ✔✔A new enterprise started by a partnership of a company and a
foreign company that share the risks and rewards; also known as a strategic alliance
✔✔Wholly-owned subsidiary - ✔✔A foreign subsidiary, or subordinate section of an
organization, that is totally owned and controlled by an organization
✔✔Free Trade - ✔✔the movement of goods and services among nations without
political or economic obstruction
, ✔✔Tariff - ✔✔A trade barrier in the form of a customs duty, or tax, levied mainly on
imports
✔✔Trade protectionism - ✔✔The use of government regulations to limit the import of
goods and services
✔✔Dumping - ✔✔the practice of a foreign company's exporting products abroad at a
lower price than the price in the home market - or even below the costs of production -
in order to drive down the price of the domestic product
✔✔Embargo - ✔✔A complete ban on the import or export of certain products
✔✔Import quota - ✔✔A trade barrier in the form of a limit on the numbers of a product
that can be imported
✔✔Sanction - ✔✔Prohibits international trade of certain types of products, services, or
technology with a foreign country for a specific reason
✔✔European Union (EU) - ✔✔Union of 28 trading partners in Europe
✔✔North American Free Trade Agreement (NAFTA) - ✔✔a trading bloc consisting of
the United States, Canada, and Mexico
✔✔Trading Bloc - ✔✔a group of nations within a geographical region that have agreed
to remove trade barriers with one another; also known as an economic community
✔✔Trans-Pacific Partnership (TPP) - ✔✔A trade agreement among 12 pacific rim
countries
✔✔Most Favored Nation - ✔✔trading status describes a condition in which a country
grants other countries favorable trading treatment such as the reduction of import duties
✔✔High-context culture - ✔✔Culture in which people rely heavily on situational cues for
meaning when communicating with others
✔✔Low-context culture - ✔✔Culture in which shared meanings are primarily derived
from written and spoken words
✔✔GLOBE Project - ✔✔a massive and ongoing cross-cultural investigation of nine
cultural dimensions involved in leadership and organizational processes
✔✔Expropriation - ✔✔A government's seizure of a domestic or foreign company's
assets
QUESTIONS AND ANSWERS SURE A+
✔✔Natural Capital - ✔✔the value of natural resources, such as topsoil, air, water, and
genetic diversity, which humans depend on
✔✔Corporate Governance - ✔✔The system that ensures that managers act in the best
interest of corporate owners and other stakeholders
✔✔Abusive Supervision - ✔✔Supervisors engage in sustained display of hostile verbal
and non-verbal behaviors (excluding physical contact), based on subordinates',
perceptions
✔✔Workplace Cheating - ✔✔Unethical actions taken by an employee to create an
unfair advantage or to attain undeserved benefits
✔✔Global Village - ✔✔The "Shrinking" of time and space, which refers to how air travel
and electronic media have made it easier for people around the world to communicate
✔✔Multinational Corporation and enterprise - ✔✔A business firm or enterprise with
operations in several countries
,✔✔Multinational organization - ✔✔A nonprofit organization with operations in several
countries
✔✔Ethnocentric managers - ✔✔Managers who believe that their native country, culture,
language, and behavior are superior to all others
✔✔Geocentric Managers - ✔✔managers who accept that there are differences and
similarities between home and foreign personnel and practices and that they should use
whatever techniques are most effective
✔✔Parochialism - ✔✔a narrow view in which people see things solely through their own
perspective
✔✔Polycentric Managers - ✔✔Managers who take the view that native managers in the
foreign offices best understand native personnel and practices, and so the home office
should leave them alone
✔✔Outsourcing - ✔✔Using suppliers outside the company to provide goods and
services
✔✔Offshoring - ✔✔The use of suppliers outside the United States to provide labor,
good, or services; also called global outsourcing
✔✔Countertrading - ✔✔bartering goods for goods
✔✔Franchising - ✔✔a form of licensing in which a company allows a foreign company
to pay it a fee and a share of the profit in return for using the first company's brand
name and a package of materials and services
✔✔Licensing - ✔✔Method of international expansion in which a firm allows a foreign
company to distribute the firm's product or service in exchange for a fee
✔✔Greenfield venture - ✔✔A foreign subsidiary that the owning organization has built
from scratch
✔✔Joint Venture - ✔✔A new enterprise started by a partnership of a company and a
foreign company that share the risks and rewards; also known as a strategic alliance
✔✔Wholly-owned subsidiary - ✔✔A foreign subsidiary, or subordinate section of an
organization, that is totally owned and controlled by an organization
✔✔Free Trade - ✔✔the movement of goods and services among nations without
political or economic obstruction
, ✔✔Tariff - ✔✔A trade barrier in the form of a customs duty, or tax, levied mainly on
imports
✔✔Trade protectionism - ✔✔The use of government regulations to limit the import of
goods and services
✔✔Dumping - ✔✔the practice of a foreign company's exporting products abroad at a
lower price than the price in the home market - or even below the costs of production -
in order to drive down the price of the domestic product
✔✔Embargo - ✔✔A complete ban on the import or export of certain products
✔✔Import quota - ✔✔A trade barrier in the form of a limit on the numbers of a product
that can be imported
✔✔Sanction - ✔✔Prohibits international trade of certain types of products, services, or
technology with a foreign country for a specific reason
✔✔European Union (EU) - ✔✔Union of 28 trading partners in Europe
✔✔North American Free Trade Agreement (NAFTA) - ✔✔a trading bloc consisting of
the United States, Canada, and Mexico
✔✔Trading Bloc - ✔✔a group of nations within a geographical region that have agreed
to remove trade barriers with one another; also known as an economic community
✔✔Trans-Pacific Partnership (TPP) - ✔✔A trade agreement among 12 pacific rim
countries
✔✔Most Favored Nation - ✔✔trading status describes a condition in which a country
grants other countries favorable trading treatment such as the reduction of import duties
✔✔High-context culture - ✔✔Culture in which people rely heavily on situational cues for
meaning when communicating with others
✔✔Low-context culture - ✔✔Culture in which shared meanings are primarily derived
from written and spoken words
✔✔GLOBE Project - ✔✔a massive and ongoing cross-cultural investigation of nine
cultural dimensions involved in leadership and organizational processes
✔✔Expropriation - ✔✔A government's seizure of a domestic or foreign company's
assets
