D270 Midterm Garcia Questions With
100% Correct Answers
\Q\.Offshoring - ANSWER-✔the relocation of business processes and services to a lower-cost
foreign location particularly white-collar, technical, professional, and clerical services
\Q\.Outsourcing - ANSWER-✔A decision by a corporation to turn over much of the
responsibility for production to independent suppliers.
\Q\.Turnkey Operation - ANSWER-✔A company sets a contract with a company abroad, trains
local personnel, and then turns the key over to local management for a fee. allows host country
to use their trademark, brand
\Q\.management contract - ANSWER-✔home country hires a host country to hire, train,
manage workers for their work and pays them a fee for dealing with operations overseas. less
risk, less costly, less complex
\Q\.Foreign Direct Investment - ANSWER-✔investor takes controlling investment in foreign
country
\Q\.joint venture - ANSWER-✔an agreement between two or more companies to share an FDI
\Q\.change agent - ANSWER-✔someone who is a catalyst in helping organizations to deal with
old problems in new ways. can also be brands changing culture/brands in a country
, \Q\.opinion leaders - ANSWER-✔individuals who exert direct or indirect social influence over
others. influencers
\Q\.Reshoring - ANSWER-✔moves jobs back from foreign to domestic locations
\Q\.Microprocessor - ANSWER-✔The central processing unit that is generally made from a
single integrated circuit.
\Q\.Agglomeration - ANSWER-✔Clumping together of industries for mutual advantage.
\Q\.licensing agreement - ANSWER-✔an agreement in which one firm gives another firm the
right to produce and market its product in a specific country or region in return for royalties
\Q\.Royalties - ANSWER-✔A percentage of actual sales that a licensee pays to a licensor, usually
anywhere from 5 to 15 percent
\Q\.prestige - ANSWER-✔a high standing achieved through success or influence or wealth etc.
\Q\.Acquired Group Membership - ANSWER-✔Defined by choice (political, professional,
religion)
\Q\.civil strife - ANSWER-✔Civil War
\Q\.most highly globalized countries are - ANSWER-✔small, high per capita income, lots of
imports
100% Correct Answers
\Q\.Offshoring - ANSWER-✔the relocation of business processes and services to a lower-cost
foreign location particularly white-collar, technical, professional, and clerical services
\Q\.Outsourcing - ANSWER-✔A decision by a corporation to turn over much of the
responsibility for production to independent suppliers.
\Q\.Turnkey Operation - ANSWER-✔A company sets a contract with a company abroad, trains
local personnel, and then turns the key over to local management for a fee. allows host country
to use their trademark, brand
\Q\.management contract - ANSWER-✔home country hires a host country to hire, train,
manage workers for their work and pays them a fee for dealing with operations overseas. less
risk, less costly, less complex
\Q\.Foreign Direct Investment - ANSWER-✔investor takes controlling investment in foreign
country
\Q\.joint venture - ANSWER-✔an agreement between two or more companies to share an FDI
\Q\.change agent - ANSWER-✔someone who is a catalyst in helping organizations to deal with
old problems in new ways. can also be brands changing culture/brands in a country
, \Q\.opinion leaders - ANSWER-✔individuals who exert direct or indirect social influence over
others. influencers
\Q\.Reshoring - ANSWER-✔moves jobs back from foreign to domestic locations
\Q\.Microprocessor - ANSWER-✔The central processing unit that is generally made from a
single integrated circuit.
\Q\.Agglomeration - ANSWER-✔Clumping together of industries for mutual advantage.
\Q\.licensing agreement - ANSWER-✔an agreement in which one firm gives another firm the
right to produce and market its product in a specific country or region in return for royalties
\Q\.Royalties - ANSWER-✔A percentage of actual sales that a licensee pays to a licensor, usually
anywhere from 5 to 15 percent
\Q\.prestige - ANSWER-✔a high standing achieved through success or influence or wealth etc.
\Q\.Acquired Group Membership - ANSWER-✔Defined by choice (political, professional,
religion)
\Q\.civil strife - ANSWER-✔Civil War
\Q\.most highly globalized countries are - ANSWER-✔small, high per capita income, lots of
imports
