GEB 3375 Exam 1 ucf Updated 2024/2025 Actual Questions and answers with complete solutions

% of Florida exporters that are small and medium sized enterprises - Answer-95% 2013 largest markets for american exports - Answer-about 1/2 went to other nations in North America Acculturation - Answer-the process of adjusting and adapting to a culture other than one's own; commonly experienced by expatriate workers Approximate number of Florida companies exporting - Answer-61,000 Arguments against globalization - Answer-1. it has produced uneven results across nations and people 2. deleterious effects on labor and labor standards 3. decline in environmental and health conditions Biomass - Answer--relies on photosynthesis -ethanol reduces food crop acreage Carbon footprint - Answer-a measure of the volume of greenhouse gas emissions caused by a product's manufacture and use Collectivism (characteristics) - Answer--high level of loyalty -group members very important -slow decision making and less flexibility Collectivism (country rankings) - Answer-1. China 2. Brazil 3. Germany 4. U.S.Collectivism (definition) - Answer-the degree to which a culture or subculture emphasizes the well-being and role of a group Communication context - Answer-the degree in which communication (verbal and non-verbal) needs some degree of "interpretation" by the receiver in order to understand the true meaning of the message Concentrating solar thermal power (CSP) - Answer--uses mirrors or lenses to collect sunlight that heats water -different technology than PV, growing plants in U.S., Spain Countervailing duties - Answer-competitors in importing nations frequently ask their governments to impose these to offset the effects of a subsidy Countries that are the source of a lot of FDI - Answer-1. U.S. 2. China 3. UK 4. Germany 5. Japan Countries that receive a lot of FDI - Answer-1. China 2. Hong Kong 3. U.S. 4. UK 5.Singapore Country risk assessment (CRA) - Answer-an assessment of a country's economic situation and politics to determine how much risk to employees, property, and investment exists for the firm doing business thereCradle-to-cradle (C2C) design - Answer-suggests that products and services should be designed to completely close the production, so that all resources needed to produce them are recycled and reused rather that discarded or left to pollute Culture (2 definitions) - Answer--the learned, charged, and enduring orientation patterns in society demonstrated through values, ideas, attitudes, behaviors, and symbols -a collective programming of the mind that distinguishes the members of one group or category of people from another Culture (characteristics) - Answer--applies to nationalities as well as sub-cultures (professions) -influences: how people behave, negotiate, communicate, what people buy, food preferences, risk taking, behavior interpretation, expectations Customs and administrative procedures (NTB) - Answer-cover a large variety of government policies and procedures that either discriminate against or favor exports Do governments sometimes have legitimate reasons to restrict free trade? - Answer-yes Drivers of Globalization (all based on change) - Answer-1. Political 2. Technological 3. Market 4. Cost 5. Competitive Dumping - Answer-consists of selling a product abroad for less than the cost of the product, less than the price in the home market, or less than the price to third-party countries Economies of scale - Answer-the predictable decline in the average cost of producing each unit of output as a production facility gets larger and output increases (also works for services) Environments sustainability - Answer-concept is about maintaining something- the environment, society, the economy people within the economy, or the organizationEthnocentric orientation (consequences) - Answer-stereotypes (generalizations that may or may not be factual and often overlook real, deeper differences) Ethnocentric orientation (definition) - Answer-using our own culture as the standard for judging other cultures (we believe that the way we act, see the world, the things we like etc. is superior to others) Example of Competitive driver of globalization - Answer-internationalize or die Example of Cost driver of globalization - Answer-economies of scale, wage differentials Example of Market driver of globalization - Answer-tap into demand or suppliers in other markets