International Management Exam 1 Questions and well
verified ANSWERS newest updates
Define Multinational Management - ANSWERS💫✔️-The formulation of strategies and management
systems to take advantage of international opportunities and respond to international threats
What are three bad things that have come from globalization? - ANSWERS💫✔️-1. Terrorism
2. War
3. Recession (Economic stagnation)
What are some negative effects of globalization? 4 - ANSWERS💫✔️-1. Natural resource scarcity
2. Environmental pollution
3. Negative social impacts
4. Increased interdependence of the world's economies
Is globalization widening or narrowing the gap between the rich and the poor? - ANSWERS💫✔️-
Widening
A Multinational Company (MNC) is any company that... - ANSWERS💫✔️-engages in business
functions beyond its domestic borders
Globalization is.... - ANSWERS💫✔️-cross border economic integration that allows businesses to
expand beyond their domestic boundaries
Globalization creates what kind of environment for companies? - ANSWERS💫✔️-A changing and not
always stable environment
Benefits of Globalization:
1. (How has globalization affected prices?) - ANSWERS💫✔️-Results in lower prices in many countries,
as multinational's become more efficient
,Benefits of Globalization:
2. How has globalization benefited emerging markets? (2) Give example of the markets -
ANSWERS💫✔️-~ China and India
1. Greater availability of jobs
2. Better access to technology
Benefits of Globalization:
Globalization is the main reason why many new companies from Mexico, Brazil, China, India, and South
Korea are the new dominant competitors. - ANSWERS💫✔️-
What are the 7 Key trends of the globalizing economy?
1. Falling....
2. Growing....
3. Rise of....
4. The internet...
5. Privatizations....
6. New...
7. Increased... - ANSWERS💫✔️-1. Falling, disintegrating borders
2. Growing cross border trade and investment
3. Rise of global products and global customers
4. The internet and information of technology
5. Privatizations of formerly government-owned firms
6. New competitors in the world market
7. Increased global quality and production standards
Developed Countries have what kind of economy? give examples - ANSWERS💫✔️-A mature
economy with substantial per capita Gross Domestic Product (GDP), international trade and
investments.
Ex: USA, Britain, Japan, Germany, etc
, Developing Countries have what kind of economy? give examples - ANSWERS💫✔️-Economies that
have grown extensively over the past two decades
Ex: Hong kong, singapore, taiwan, Malaysia, indonesia, thailand
What are Transition Economies? give examples - ANSWERS💫✔️-Countries that have changed from
communist to market/capitalist systems
Ex: Czech rep, hungary, poland, russia
What are Emerging Markets? give examples - ANSWERS💫✔️-Countries whose economies are
growing rapidly
Ex: Brazil, Russia, India, China
What were the results of the General Agreement on Tariffs and Trade (GATT)? - ANSWERS💫✔️-in
1947, nations reduced tariffs from 45% to less than 7%.
After the GATT in 1986, negotiations began in Uruguay that what? (2) - ANSWERS💫✔️-1. Further
reduced tariffs
2. Created the World Trade Organization (WTO)
What is the responsibility of the World Trade Organization (WTO)? 2 - ANSWERS💫✔️-1. Provide
structure for negotiations
2. Settle trade disputes among nations
Then in 1977, what did the WTO agree to do? - ANSWERS💫✔️-End tariffs on software, computers,
and related tech products
What was the result of eliminating tariffs on specific tech products? - ANSWERS💫✔️-Exports to
Europe from Asia and the US doubled
What are some negatives regarding the WTO? (3) - ANSWERS💫✔️-1. Favors developed nations
verified ANSWERS newest updates
Define Multinational Management - ANSWERS💫✔️-The formulation of strategies and management
systems to take advantage of international opportunities and respond to international threats
What are three bad things that have come from globalization? - ANSWERS💫✔️-1. Terrorism
2. War
3. Recession (Economic stagnation)
What are some negative effects of globalization? 4 - ANSWERS💫✔️-1. Natural resource scarcity
2. Environmental pollution
3. Negative social impacts
4. Increased interdependence of the world's economies
Is globalization widening or narrowing the gap between the rich and the poor? - ANSWERS💫✔️-
Widening
A Multinational Company (MNC) is any company that... - ANSWERS💫✔️-engages in business
functions beyond its domestic borders
Globalization is.... - ANSWERS💫✔️-cross border economic integration that allows businesses to
expand beyond their domestic boundaries
Globalization creates what kind of environment for companies? - ANSWERS💫✔️-A changing and not
always stable environment
Benefits of Globalization:
1. (How has globalization affected prices?) - ANSWERS💫✔️-Results in lower prices in many countries,
as multinational's become more efficient
,Benefits of Globalization:
2. How has globalization benefited emerging markets? (2) Give example of the markets -
ANSWERS💫✔️-~ China and India
1. Greater availability of jobs
2. Better access to technology
Benefits of Globalization:
Globalization is the main reason why many new companies from Mexico, Brazil, China, India, and South
Korea are the new dominant competitors. - ANSWERS💫✔️-
What are the 7 Key trends of the globalizing economy?
1. Falling....
2. Growing....
3. Rise of....
4. The internet...
5. Privatizations....
6. New...
7. Increased... - ANSWERS💫✔️-1. Falling, disintegrating borders
2. Growing cross border trade and investment
3. Rise of global products and global customers
4. The internet and information of technology
5. Privatizations of formerly government-owned firms
6. New competitors in the world market
7. Increased global quality and production standards
Developed Countries have what kind of economy? give examples - ANSWERS💫✔️-A mature
economy with substantial per capita Gross Domestic Product (GDP), international trade and
investments.
Ex: USA, Britain, Japan, Germany, etc
, Developing Countries have what kind of economy? give examples - ANSWERS💫✔️-Economies that
have grown extensively over the past two decades
Ex: Hong kong, singapore, taiwan, Malaysia, indonesia, thailand
What are Transition Economies? give examples - ANSWERS💫✔️-Countries that have changed from
communist to market/capitalist systems
Ex: Czech rep, hungary, poland, russia
What are Emerging Markets? give examples - ANSWERS💫✔️-Countries whose economies are
growing rapidly
Ex: Brazil, Russia, India, China
What were the results of the General Agreement on Tariffs and Trade (GATT)? - ANSWERS💫✔️-in
1947, nations reduced tariffs from 45% to less than 7%.
After the GATT in 1986, negotiations began in Uruguay that what? (2) - ANSWERS💫✔️-1. Further
reduced tariffs
2. Created the World Trade Organization (WTO)
What is the responsibility of the World Trade Organization (WTO)? 2 - ANSWERS💫✔️-1. Provide
structure for negotiations
2. Settle trade disputes among nations
Then in 1977, what did the WTO agree to do? - ANSWERS💫✔️-End tariffs on software, computers,
and related tech products
What was the result of eliminating tariffs on specific tech products? - ANSWERS💫✔️-Exports to
Europe from Asia and the US doubled
What are some negatives regarding the WTO? (3) - ANSWERS💫✔️-1. Favors developed nations
