MBA 517 - Test One Notes correctly
solved 2025
3.57 clicks - correct answer ✔the number of clicks separating two random
people online
Management - correct answer ✔the process of completing activities with and
through other people
Multinational Corporations (MNC's) - correct answer ✔a firm having
operations in more than one country, international sales, and a nationality mix
of managers and owners
International Management - correct answer ✔the process of applying
management concepts and techniques in a multinational environment and
adapting management process to different economic, political, and cultural
contexts
Globalization - correct answer ✔the process of social, political, economic,
cultural, andtechnological integration among countries around the world
Offshoring - correct answer ✔the process by which companies undertake
some activities at offshore locations instead of in their countries of origin
Outsourcing - correct answer ✔the subcontracting out of activities to
endogenous organizations that had previously been performed by the firm
World Trade Organization (WTO) - correct answer ✔The global organization
of countries that oversees rules and regulations for international trade and
investment
, NAFTA/USMCA (North America Free Trade Agreement/US, Mexico, Canada
Agreement) - correct answer ✔agreement between Canada, the US, and
Mexico which eliminated most trade barriers between the three countries
Eurpoean Union (EU) - correct answer ✔a political and economic community
consisting of 28 member states (as of 2018)
Comprehensive and Progressive Agreement for Trans-Pacific Partnership
(CPTPP) - correct answer ✔a trade agreement between 11 Pacific Rim
countries including Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico,
New Zealand, Peru, Singapore, and Vietnam
Foreign Direct Investment - correct answer ✔Investment in property, plant, or
equipment in another country
Market Economy - correct answer ✔exists when private enterprise reserves
the right to own property and monitor the production/distribution of goods and
services while the state supports competition and efficient practices
Command Economy - correct answer ✔similar to a monopoly, where - in this
case, the gov't. - has explicit control over the price and supply of a good or
service
Mixed Economy - correct answer ✔a combo of 'market' and 'command'
economies
Maquiladora - correct answer ✔factories built by US companies in Mexico
near the US border to take advantage of much lower labor costs in Mexico.
Imports materials and equipment on a duty - and tariff
solved 2025
3.57 clicks - correct answer ✔the number of clicks separating two random
people online
Management - correct answer ✔the process of completing activities with and
through other people
Multinational Corporations (MNC's) - correct answer ✔a firm having
operations in more than one country, international sales, and a nationality mix
of managers and owners
International Management - correct answer ✔the process of applying
management concepts and techniques in a multinational environment and
adapting management process to different economic, political, and cultural
contexts
Globalization - correct answer ✔the process of social, political, economic,
cultural, andtechnological integration among countries around the world
Offshoring - correct answer ✔the process by which companies undertake
some activities at offshore locations instead of in their countries of origin
Outsourcing - correct answer ✔the subcontracting out of activities to
endogenous organizations that had previously been performed by the firm
World Trade Organization (WTO) - correct answer ✔The global organization
of countries that oversees rules and regulations for international trade and
investment
, NAFTA/USMCA (North America Free Trade Agreement/US, Mexico, Canada
Agreement) - correct answer ✔agreement between Canada, the US, and
Mexico which eliminated most trade barriers between the three countries
Eurpoean Union (EU) - correct answer ✔a political and economic community
consisting of 28 member states (as of 2018)
Comprehensive and Progressive Agreement for Trans-Pacific Partnership
(CPTPP) - correct answer ✔a trade agreement between 11 Pacific Rim
countries including Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico,
New Zealand, Peru, Singapore, and Vietnam
Foreign Direct Investment - correct answer ✔Investment in property, plant, or
equipment in another country
Market Economy - correct answer ✔exists when private enterprise reserves
the right to own property and monitor the production/distribution of goods and
services while the state supports competition and efficient practices
Command Economy - correct answer ✔similar to a monopoly, where - in this
case, the gov't. - has explicit control over the price and supply of a good or
service
Mixed Economy - correct answer ✔a combo of 'market' and 'command'
economies
Maquiladora - correct answer ✔factories built by US companies in Mexico
near the US border to take advantage of much lower labor costs in Mexico.
Imports materials and equipment on a duty - and tariff
