Managing in Global business D080 OA
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,Globalization - correct ans:The increasing connection and interdependence among countries through
trade, investment, movement of people, and sharing of ideas/technology.
Types of globalization - correct ans:Economic (trade/FDI), Political (international cooperation), Cultural
(spread of values/ideas).
Benefits of globalization - correct ans:Faster economic development, increased trade, access to tech,
higher living standards.
Challenges of globalization - correct ans:Job loss from outsourcing, unethical labor practices, cultural
loss, environmental concerns.
International business - correct ans:Buying, selling, or exchanging goods/services between countries.
Benefits of global expansion - correct ans:More revenue, cheaper labor/resources, access to advanced
technology.
Challenges of global expansion - correct ans:Ethics, legal systems, organizational structure, cultural
differences, customer loyalty.
5 stages of globalization - correct ans:Market entry, Product specialization, Value chain disaggregation,
Value chain reengineering, Creation of new markets.
Four drivers of globalization - correct ans:Market drivers, cost drivers, competition drivers, government
drivers.
Economies of scale - correct ans:Costs decrease as production volume increases.
Economies of scope - correct ans:Costs decrease as product variety increases.
CAGE Analysis - correct ans:A tool comparing countries based on Cultural, Administrative, Geographic,
and Economic distances.
, Types of political systems - correct ans:Anarchy, Absolute Monarchy, Constitutional Monarchy,
Oligarchy, Dictatorship, Democracy.
Political system supporting globalization - correct ans:Stable democracies (transparent, predictable, free
market).
Traditional economy - correct ans:Agriculture-based, bartering, low tech.
Command economy - correct ans:Government controls all resources, production, and prices.
Market economy - correct ans:Private ownership, supply and demand, competition.
Mixed economy - correct ans:Mostly market-driven but with some government regulation.
Civil law - correct ans:Law based on written codes.
Common law - correct ans:Law based on precedent and tradition.
Religious law - correct ans:Law based on religious texts (Islamic, Canon law).
IMF - correct ans:Stabilizes global monetary system, monitors exchange rates, gives short-term loans.
Criticisms of IMF - correct ans:Voting imbalance, austerity requirements, environmental impacts.
World Bank - correct ans:Provides long-term loans for development (infrastructure, poverty reduction).
Critics of World Bank - correct ans:Same as IMF + favors wealthy countries.
Flash cards Latest Verified Version
And Frequently tested Exam With
Expected real Questions With Well
Elaborated Correct Answers GRADED
A+
Professional Academic Assistance Services
Services Offered
Proctored Exam Assistance
Online Class Management (Full Course Support)
Exam Preparation & Study Materials
Assignments and Coursework Support
Essays and Research Papers
Discussion Posts and Replies
,Globalization - correct ans:The increasing connection and interdependence among countries through
trade, investment, movement of people, and sharing of ideas/technology.
Types of globalization - correct ans:Economic (trade/FDI), Political (international cooperation), Cultural
(spread of values/ideas).
Benefits of globalization - correct ans:Faster economic development, increased trade, access to tech,
higher living standards.
Challenges of globalization - correct ans:Job loss from outsourcing, unethical labor practices, cultural
loss, environmental concerns.
International business - correct ans:Buying, selling, or exchanging goods/services between countries.
Benefits of global expansion - correct ans:More revenue, cheaper labor/resources, access to advanced
technology.
Challenges of global expansion - correct ans:Ethics, legal systems, organizational structure, cultural
differences, customer loyalty.
5 stages of globalization - correct ans:Market entry, Product specialization, Value chain disaggregation,
Value chain reengineering, Creation of new markets.
Four drivers of globalization - correct ans:Market drivers, cost drivers, competition drivers, government
drivers.
Economies of scale - correct ans:Costs decrease as production volume increases.
Economies of scope - correct ans:Costs decrease as product variety increases.
CAGE Analysis - correct ans:A tool comparing countries based on Cultural, Administrative, Geographic,
and Economic distances.
, Types of political systems - correct ans:Anarchy, Absolute Monarchy, Constitutional Monarchy,
Oligarchy, Dictatorship, Democracy.
Political system supporting globalization - correct ans:Stable democracies (transparent, predictable, free
market).
Traditional economy - correct ans:Agriculture-based, bartering, low tech.
Command economy - correct ans:Government controls all resources, production, and prices.
Market economy - correct ans:Private ownership, supply and demand, competition.
Mixed economy - correct ans:Mostly market-driven but with some government regulation.
Civil law - correct ans:Law based on written codes.
Common law - correct ans:Law based on precedent and tradition.
Religious law - correct ans:Law based on religious texts (Islamic, Canon law).
IMF - correct ans:Stabilizes global monetary system, monitors exchange rates, gives short-term loans.
Criticisms of IMF - correct ans:Voting imbalance, austerity requirements, environmental impacts.
World Bank - correct ans:Provides long-term loans for development (infrastructure, poverty reduction).
Critics of World Bank - correct ans:Same as IMF + favors wealthy countries.
