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Exam (elaborations)

Bus 200 Midterm (Gmu) Questions With Correct Answers

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BUS 200 MIDTERM (GMU) QUESTIONS WITH CORRECT ANSWERS

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What is snapshot?


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a single number at that moment




What is the core four Hofstede dimensions and how might they affect common
business activities, i.e. employer-employee relationships, contract negotiations, sales,
supply chain dynamics, etc.


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• Power distance- hierarchy, social inequality

• Uncertainty avoidance- ambiguity, rule orientation vs. individual discretion

• Individualism- individual autonomy, self-reliance vs. interdependence

, • Masculinity/Femininity- gender roles, women and men in traditional job
settings




What is push factors for globalization? Give examples.


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drive the company out of its home country or other countries where it
currently does business ex) Altria




What are two key types of FDI and what are the costs and benefits of them.


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•Acquisition- start operations almost immediately, go to a country and buy
a company, expensive (large capital output), benefits-gain local knowledge
and expertise


•Greenfield Venture- buy land and build a company, expensive (large
capital output), slow profits, highest yield, highest risk




What is eco-effectiveness?


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is better; eliminating waste, creating nutrients from waste; ex) cradle to
cradle products

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