Questions and Answers 100% Pass
Ethnocentric - ✔✔What style of management involves the belief that the expatriate
manager's native country's methods are the best, ignoring local culture and methods?
Trade bloc - ✔✔What is an agreement between states, regions, or countries to reduce
barriers to trade between the participating regions?
Globalization - ✔✔______ is the worldwide movement toward economic, financial,
trade, and communication integration.
Cultural integration - ✔✔Which one of the following is a benefit of globalization?
Strain on natural resources - ✔✔Which of the following is a hindrance of globalization?
World bank - ✔✔Which international agency's purpose is to provide low-interest loans
and grants to developing countries to support infrastructure, public administration, and
several other areas?
Humane orientation - ✔✔Which of the GLOBE Project's nine dimensions of culture
looks at how kind hearted or caring a society is?
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, licensing - ✔✔permission granted by one company to another to use or manufacture its
product for a specified payment is known as ______.
importing; exporting - ✔✔________ is when the country brings in of a good or service
from a foreign country and ________ is when the country sends a domestic good or
service to a foreign country.
Global sourcing - ✔✔Which of these is the lowest risk option for an organization to
expand internationally?
Strengths; weaknesses - ✔✔According to the SWOT analysis, __________ and
___________ are considered to evaluate the internal conditions.
competitive advantage - ✔✔The favorable position an organization seeks in order to
attain leverage over its competitors is __________.
Efficiency; effectiveness - ✔✔Peter Drucker stated that, "____________ is doing things
right; __________ is doing the right things."
Strategic management - ✔✔________ is the evolving process of analysis, decision-
making and action that leads to long-term competitive advantage.
Demographic - ✔✔Aging population, rising wealth, ethnic compositions are all
examples of which type of general forces?
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