Which type of globalization refers to the international movement of goods, capital, and services?
correct answers Economic
The CEO of an international company reminds the executive vice presidents that while the
company may do good while performing corporate social responsibilities, the business has one
ultimate goal since it is engaged in commercial activities with corporate shareholders.
Which ultimate goal is the CEO emphasizing to the executive vice presidents? correct answers
Profitability
A CEO seeks to better use the economies of scale and scope of production to increase the
international company's profits.
Which type of globalization driver is the CEO seeking to use? correct answers Cost
Which activity of the International Monetary Fund (IMF) impacts policymaking? correct
answers Being owned and directed by the governments of the member nations
What is a characteristic of the International Monetary Fund (IMF)? correct answers The IMF is a
cooperative institution and provides more effective currency exchange
Which criticism is associated with the World Bank? correct answers The developed countries of
U.S. and Europe have too much control over its decisions
What was the first loan that the World Bank made after the end of World War 2? correct answers
To France to rebuild its infrastructure
What was one of the results of the Uruguay Round of the World Trade Organization
negotiations? correct answers Decrease in tariffs
, Which criticism is made about the World Trade Organization? correct answers It protects
developed countries more than developing ones
Managers in an international company are arranging jobs so similar tasks are coordinated. Which
activity is being completed by this company? correct answers Departmentalization
Managers at an international business are deciding the method by which it will be organized. The
business is highly diversified, manufacturing a number of different components and parts for its
industrialized customers.
Which departmentalization structure should be used by this company? correct answers Product
A global company is generally referred to as a: correct answers Multinational Corporation
(MNC)- operates in two or more countries
Employee employee feels empowered to make decisions to solve customer problems
independent of seeking manager approval and useless facts ability to meet customer needs.
Which decision making structure is being used by this employee? correct answers Decentralized
A fast Food Company six to expand internationally and changes its menu to appeal to the new
countries food tastes. Which action is being sought by the company by making this change?
correct answers Local responsiveness
A company wants to gain market share but does not want to establish operations in other
countries nor Taylor its products to the other countries. Which entry strategy shut the company
you used to meet this girl under these conditions? correct answers Export
A car company wants to expand internationally but encounters much international competition to
reduce cost while responding to local needs. Which strategy shut the company used to middle
school under these conditions? correct answers Transnational
A company decides to focus on economies of scale to decrease production costs and increase
revenues.