Already Passed Answers.
Loss or deterioration of the goods - Answer Contractual risks
problems with the
transportation - Answer Contractual risks
non-acceptance of the goods - Answer Contractual risks
wars - Answer Catastrophic or extraordinary risks
A Spanish company sold goods to a foreign company. - Answer Commercial risks
The delivery was made one month ago with payment
deferred for thirty days. - Answer Commercial risks
The foreign company now has no liquidity to make
the payment. - Answer Commercial risks
Why Firms Internationalize - Answer 1. seeking markets: economies of scale
2. seeking resources: access to raw materials, shift production overseas
3. reduce risk: financial flexibility, shift production overseas
4. learning: information advantages, managerial experience & expertise
Globalization - Answer interconnectedness of national economies and the growing interdependence of
buyers, producers, suppliers, and governments around the world
, driving forces of globalization - Answer Worldwide reduction of barriers to trade and investment
driving forces of globalization - Answer Market liberalization and adoption of free trade
(In China, former Soviet Union countries, and elsewhere)
driving forces of globalization - Answer Industrialization, economic development, and modernization
driving forces of globalization - Answer Integration of world financial markets
Contagion - Answer rapid spread of financial or monetary crises form one country to another
Societal Consequences of Market Globalization - Answer Loss of national sovereignty
Offshoring and the flight of jobs
Effect on the poor
Effect on natural environment
Effect on national culture
Culture - Answer the values, beliefs, customs, arts, and other products of human thought and work
that characterize the people of a given society
Culture - Answer Not right or wrong, it is relative
Culture - Answer Not about individual behavior, it is about groups. It is a collective phenomenon of
shared values and meanings
Culture - Answer Not inherited, it derives from the social environment
Perceptions of space - Answer reflects each cultures orientation about personal space and
conversational distance