Mgmt 4660 Exam 1 Updated Actual Questions And Correct Answers

MGMT 4660 EXAM 1 UPDATED ACTUAL QUESTIONS AND
CORRECT ANSWERS

Question:
1. emerging markets countries
Answer:
India, China, Brazil, Argentina, Chile, Colombia, Malaysia, Mexico, Philippines, South Africa, South
Korea, Turkey, and Venezuela

Question:
2. multinational management
Answer:
the formulation of strategies & designs of management systems that successfully take advantage of
international opportunities & respond to international threat

Question:
3. multinational company
Answer:
an organization that does business in several countries

Question:
4. globalization
Answer:
Actions or processes that involve the entire world and result in making something worldwide in scope

Question:
5. developed countries
Answer:
Country that is highly industrialized and has a high per capita GNP

Question:
6. developing countries
Answer:
Countries with less productive economies and a lower quality of life

Question:
7. transition economies
Answer:
countries in the process of converting from a centrally planned to a capitalist economy.

Question:
8. emerging markets
Answer:
newly industrialized countries plus those with the potential to become newly industrialized

,Question:
9. developed economies
Answer:
Australia, Austria, Belgium, GB, Canada, Denmark, France, Germany, Italy, Ireland, Japan, Netherlands,
Spain, Sweden, Switzerland, US

Question:
10. developing countries
Answer:
Hong Kong, Singapore, Taiwan, Malaysia, Indonesia, Thailand

Question:
11. transition countries
Answer:
Czech, Hungary, Poland, Russia

Question:
12. GATT
Answer:
A United Nations agency created by a multinational treaty to promote trade by the reduction of tariffs and
import quotas

Question:
13. WTO
Answer:
A global coalition of more than 140 governments that makes rules governing international trade.

Question:
14. regional trade agreements
Answer:
mutual commitments that binds several neighboring countries to pursue common economic and financial
policies

Question:
15. European Union
Answer:
..., an international organization of European countries formed after World War II to reduce trade barriers
and increase cooperation among its members

Question:
16. NAFTA
Answer:
A trade agreement between Canada, the United States and Mexico that encourages free trade between
these North American countries.

Question:
17. APEC

, Answer:
(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

Question:
18. foreign direct investment
Answer:
Investment made by a foreign company in the economy of another country.

Question:
19. ISO 9001:2000
Answer:
Standards developed by the International Organization for Standardization in Switzerland to ensure
consistent quality management and quality assurance for goods and services throughout the European
Union (EU).

Question:
20. ISO 14000
Answer:
A collection of the best practices for managing an organization's impact on the environment.

Question:
21. ethisphere
Answer:
renowned third think tank dedicated to furthering business ethics and corporate social responsibility

Question:
22. global mindset
Answer:
An individual's ability to perceive, appreciate, and empathize with people from other cultures, and to
process complex cross-cultural information

Question:
23. emotional intelligence
Answer:
Is a component of leadership and refers to the capacity for recognizing your own feelings and those of
others, for motivating yourself, and for managing emotions well in yourself and in your relationships.

Question:
24. intellectual capital
Answer:
a smart work force that is able to continuously learn and improve

Question:
25. psychological capital