IB Final Exam Latest Updated Graded A+

IB Final Exam Latest Updated Graded A+ According to the text, the single most important innovation in technology has been the development of the - ANSWER microprocessor _________ refers to the shift toward a more integrated and interdependent world economy. - ANSWER globalization Considering the changing demographics of the global economy, most of tomorrow's economic opportunities may be found in - ANSWER the developing or emerging nations of the world like India, Brazil, and China Although Boeing Aircraft Manufacturer is incorporated in the US, a supplier in Singapore makes the doors for the nose landing gear and suppliers in Italy make the wing flaps. Boeing is taking part in _________ - ANSWER outsourcing Managing an international business is different from managing a purely domestic business for all of the following reasons except: - ANSWER the range of problems confronted by a manager in an international business is less complicated than that confronted by a manager in a domestic business Which of the following best defines international business? - ANSWER It includes all business transactions involving two or more countries Governments have signed treaties to protect foreign-owned property rights, such as investments and patents. A primary reason for doing so is to ______ - ANSWER gain reciprocal advantages Which of the following BEST explains how a firm reduces risk by operating internationally? - ANSWER taking advantage of business-cycle differences among countries Reebok pays a royalty to the German Soccer League to use the team's logo on t-shirts that it sells. Reebok and the German Soccer League most likely have a ________. - ANSWER licensing agreement Managers who are knowledgeable about _____ are better able to identify the location, quantity, quality, and availability of the world's natural resources. - ANSWER geographic factors All of the following are reasons why expatriate managers may experience increased pressure to violate their personal ethical standards EXCEPT that - ANSWER they place a high value on adherence to human rights A(n) ______ is a formal statement of the right or wrong priorities to which a business adheres. - ANSWER code of ethics Henry is the manager of a large manufacturing facility in an Asian country. Local government officials are pressuring him to pay them a substantial bribe and are threatening to force the facility to close if he doesn't comply. Henry's company has a zero-tolerance policy toward corruption. However, Henry is aware that closing the factory will plunge the local community into unemployment and abject poverty. Henry is at a loss to know what to do. Henry is facing a(n) - ANSWER ethical dilemma Assume a firm has operations in Tokyo, where there is a collectivist culture. Which of the following would most likely motivate the firm's Japanese employees? - ANSWER good health benefits In a(n) ______ culture, people tend to regard seemingly peripheral information as pertinent to decision making and infer meanings from things that people say either indirectly or casually. - ANSWER high-context Evaluating the importance of potential clients or partners by the way they dress is an example of using ________. - ANSWER silent language The approach a company takes when it bases foreign operations on an informed knowledge of its organizational culture along with home- and host-country needs, capabilities, and constraints is called ________. - ANSWER geocentrism Since the late 1980s, the growing emergence of freer markets has been powered by the realization that _________ - ANSWER economic growth is directly related to economic freedom When a company wishes to introduce change in a foreign country, its likelihood of success can most likely be improved by ________. - ANSWER gaining the support of local opinion leaders U.S. companies monopolize much of the international entertainment media, which largely portrays U.S. products and lifestyles as glamorous and appealing. This situation would most likely be used as an example of ________. - ANSWER cultural imperialism In a ________ economy, certain sectors of the economy are left to private ownership and free market mechanisms, while in other sectors there is significant state ownership and government planning. - ANSWER mixed Five of the fastest growing economies of the past 30 years—China, South Korea, Taiwan, Singapore, and Hong Kong—had one thing in common at the start of their economic growth - ANSWER undemocratic governments