IB 300 Test exam questions well
answered and graded 100%
Domestic Environment - ANS✅✅all the uncontrollable forces that influence the life and
development of the firm in the country
Foreign Environment - ANS✅✅all the uncontrollable forces originating outside the firm's home
country
For- Globalization - ANS✅✅Better jobs
Enhanced socieconomic development
What are the harmful effects of globalization on labor? - ANS✅✅Harmful effects on labor and
labor standards
How does globalization impact the environment? - ANS✅✅Decline in environment and health
conditions
What is a consequence of globalization regarding results across nations? - ANS✅✅Uneven results
across nations and people
Theory of strategic behavior - ANS✅✅decisions that take into account the possible reactions of
others
Define FDI - ANS✅✅purchase of stocks and bonds to obtain a return on the funds invested
Greenfield Investment - ANS✅✅build the new facility from the ground up
Cross-border Acquisition - ANS✅✅purchase of an existing business in another faction
Internalization - ANS✅✅the process of a company expanding its opertational and activities beyond
its home country's borders
, Dynamic Capabilities - ANS✅✅company's ability to adapt and change its internal processes and
resources quickly to handle opportunities and stay competitive effectively
Monopolistic Theory - ANS✅✅A single company's ability to have complete control over a market,
allowing it to set prices and production levels without significant competition
Strategic Behavior - ANS✅✅companies make decisions by actively considering the potential
actions and reactions of their competitors in the global market
Culture Relativism - ANS✅✅put yourself into the shoes of other's culture
Ethnocentrism - ANS✅✅my culture is better than yours
Edward T. Hall - ANS✅✅High Context Cultures vs. Low Context Cultures
High Context Culture (4 points) - ANS✅✅much communication is conveyed by context, not written
or formalized
Social Ties are long-standing and close
Communication tends to be implicit and indirect
Japan, China, many other Asian, Latin American, and African Cultures
Low Context Cultures (4 points) - ANS✅✅Most communication carried in words, formalized and
written
Social ties are of shorter duration
Communication is explicit
U.S., Canada, other Anglo cultures, Germany, and Scandinavian cultures
answered and graded 100%
Domestic Environment - ANS✅✅all the uncontrollable forces that influence the life and
development of the firm in the country
Foreign Environment - ANS✅✅all the uncontrollable forces originating outside the firm's home
country
For- Globalization - ANS✅✅Better jobs
Enhanced socieconomic development
What are the harmful effects of globalization on labor? - ANS✅✅Harmful effects on labor and
labor standards
How does globalization impact the environment? - ANS✅✅Decline in environment and health
conditions
What is a consequence of globalization regarding results across nations? - ANS✅✅Uneven results
across nations and people
Theory of strategic behavior - ANS✅✅decisions that take into account the possible reactions of
others
Define FDI - ANS✅✅purchase of stocks and bonds to obtain a return on the funds invested
Greenfield Investment - ANS✅✅build the new facility from the ground up
Cross-border Acquisition - ANS✅✅purchase of an existing business in another faction
Internalization - ANS✅✅the process of a company expanding its opertational and activities beyond
its home country's borders
, Dynamic Capabilities - ANS✅✅company's ability to adapt and change its internal processes and
resources quickly to handle opportunities and stay competitive effectively
Monopolistic Theory - ANS✅✅A single company's ability to have complete control over a market,
allowing it to set prices and production levels without significant competition
Strategic Behavior - ANS✅✅companies make decisions by actively considering the potential
actions and reactions of their competitors in the global market
Culture Relativism - ANS✅✅put yourself into the shoes of other's culture
Ethnocentrism - ANS✅✅my culture is better than yours
Edward T. Hall - ANS✅✅High Context Cultures vs. Low Context Cultures
High Context Culture (4 points) - ANS✅✅much communication is conveyed by context, not written
or formalized
Social Ties are long-standing and close
Communication tends to be implicit and indirect
Japan, China, many other Asian, Latin American, and African Cultures
Low Context Cultures (4 points) - ANS✅✅Most communication carried in words, formalized and
written
Social ties are of shorter duration
Communication is explicit
U.S., Canada, other Anglo cultures, Germany, and Scandinavian cultures
