Exam Questions and Correct
Answers | New Update
globalization - ANSWER ✔✔refers to the extent to which trade and
investments, information, social and cultural idea,s and political
cooperation flow between countries
What is one result of globalization? - ANSWER ✔✔countries,
businesses, and people come come increasingly interdependent
Globalization has been on the rise since when? - ANSWER ✔✔1970s
What is the U.S. ranked on the KOF Index for globalization -
ANSWER ✔✔34
, What are the most globalized countries? - ANSWER ✔✔Belgium,
Ireland, the Netherlands, Austria, and Singapore
On top of a desire to go global an a new set of skills and techniques,
what must managers and organizations develop in order to succeed on
a global level? - ANSWER ✔✔They need a global mindset
global mindset - ANSWER ✔✔the ability to appreciate and influence
individuals, groups, organizations, and systems that represent different
social, cultural, political, institutional, intellectual, and psychological
characteristics
What are the three dimensions of a global mindset? - ANSWER ✔✔-
cognitive dimension
-psychological dimension
-social dimension
cognitive dimension - ANSWER ✔✔knowing about the global
environment and global business, mentally understanding how cultures
differ, and having the ability to interpret complex global changes
psychological dimension - ANSWER ✔✔the emotional and affective
aspect; includes a liking for diverse ways of thinking and acting, a