MGMT 4660 Exam 1 questions with
correct answers rated A+
emerging markets countries - ANS ✔✔India, China, Brazil, Argentina, Chile, Colombia, Malaysia,
Mexico, Philippines, South Africa, South Korea, Turkey, and Venezuela
multinational management - ANS ✔✔the formulation of strategies & designs of management
systems that successfully take advantage of international opportunities & respond to
international threat
multinational company - ANS ✔✔an organization that does business in several countries
globalization - ANS ✔✔Actions or processes that involve the entire world and result in making
something worldwide in scope
developed countries - ANS ✔✔Country that is highly industrialized and has a high per capita
GNP
developing countries - ANS ✔✔Countries with less productive economies and a lower quality of
life
transition economies - ANS ✔✔countries in the process of converting from a centrally planned
to a capitalist economy.
emerging markets - ANS ✔✔newly industrialized countries plus those with the potential to
become newly industrialized
, developed economies - ANS ✔✔Australia, Austria, Belgium, GB, Canada, Denmark, France,
Germany, Italy, Ireland, Japan, Netherlands, Spain, Sweden, Switzerland, US
developing countries - ANS ✔✔Hong Kong, Singapore, Taiwan, Malaysia, Indonesia, Thailand
transition countries - ANS ✔✔Czech, Hungary, Poland, Russia
GATT - ANS ✔✔A United Nations agency created by a multinational treaty to promote trade by
the reduction of tariffs and import quotas
WTO - ANS ✔✔A global coalition of more than 140 governments that makes rules governing
international trade.
regional trade agreements - ANS ✔✔mutual commitments that binds several neighboring
countries to pursue common economic and financial policies
European Union - ANS ✔✔..., an international organization of European countries formed after
World War II to reduce trade barriers and increase cooperation among its members
NAFTA - ANS ✔✔A trade agreement between Canada, the United States and Mexico that
encourages free trade between these North American countries.
APEC - ANS ✔✔(Asia-pacific Economic Cooperation) A forum of the Asia-Pacific region to discuss
and negotiate matters of common economic interest, especially trade matters. examples of
states in APEC are Australia, NZ, Japan, Chile, China and the U.S
foreign direct investment - ANS ✔✔Investment made by a foreign company in the economy of
another country.
correct answers rated A+
emerging markets countries - ANS ✔✔India, China, Brazil, Argentina, Chile, Colombia, Malaysia,
Mexico, Philippines, South Africa, South Korea, Turkey, and Venezuela
multinational management - ANS ✔✔the formulation of strategies & designs of management
systems that successfully take advantage of international opportunities & respond to
international threat
multinational company - ANS ✔✔an organization that does business in several countries
globalization - ANS ✔✔Actions or processes that involve the entire world and result in making
something worldwide in scope
developed countries - ANS ✔✔Country that is highly industrialized and has a high per capita
GNP
developing countries - ANS ✔✔Countries with less productive economies and a lower quality of
life
transition economies - ANS ✔✔countries in the process of converting from a centrally planned
to a capitalist economy.
emerging markets - ANS ✔✔newly industrialized countries plus those with the potential to
become newly industrialized
, developed economies - ANS ✔✔Australia, Austria, Belgium, GB, Canada, Denmark, France,
Germany, Italy, Ireland, Japan, Netherlands, Spain, Sweden, Switzerland, US
developing countries - ANS ✔✔Hong Kong, Singapore, Taiwan, Malaysia, Indonesia, Thailand
transition countries - ANS ✔✔Czech, Hungary, Poland, Russia
GATT - ANS ✔✔A United Nations agency created by a multinational treaty to promote trade by
the reduction of tariffs and import quotas
WTO - ANS ✔✔A global coalition of more than 140 governments that makes rules governing
international trade.
regional trade agreements - ANS ✔✔mutual commitments that binds several neighboring
countries to pursue common economic and financial policies
European Union - ANS ✔✔..., an international organization of European countries formed after
World War II to reduce trade barriers and increase cooperation among its members
NAFTA - ANS ✔✔A trade agreement between Canada, the United States and Mexico that
encourages free trade between these North American countries.
APEC - ANS ✔✔(Asia-pacific Economic Cooperation) A forum of the Asia-Pacific region to discuss
and negotiate matters of common economic interest, especially trade matters. examples of
states in APEC are Australia, NZ, Japan, Chile, China and the U.S
foreign direct investment - ANS ✔✔Investment made by a foreign company in the economy of
another country.
