D312 EXAM 1 QUESTIONS WITH VERIFIED
ACCURATE ANSWERS
A process whereby worldwide __________ in virtually every sphere of
activity are growing. Some of these __________ lead to ________
worldwide; others do not. "(Parker, 2005) - Answers - -interconnections
-interconnections
-integration/unity
A process whereby worldwide interconnections in virtually every sphere of activity are
growing. Some of these interconnections lead to integration/unity worldwide; others do
not. - Answers - -globaliztion
4 Categories of Change that Illustrate the Process of Gloablization - Answers - -growing
economic interconnectedness
-more complex and dynamic work environment
-increased use and sophistication of Information Technology
-more and different player on the global stage
Growing Economic Interconnectedness - Answers - -Regional Integration
-Customs Union
-Common Market
-Free trade area, no internal tariffs - Answers - Regional integration
-no internal tariffs plus common external tariffs - Answers - Customs Union
-customs union plus factor mobility - Answers - Common Market
3 Largest Trade Groups - Answers - -European Union
-North American Free Trade Agreement (NAFTA)
-Asia-Pacific Economic Cooperation (APEC)
-account for about half of the world's trade
-formed as a result of the General Agreement on Tariffs and Trade with the goal of
reducing tariffs and liberalizing - Answers - World Trade Organization
-create a greater degree of interconnectedness among the world's economies -
Answers - Goal of Trade Agreements
Gap between regional GDP growth rates of the fastest growing and least dynamic
regions of the world has begun to narrow (T or F) - Answers - True
FDI doesn't have a globalizing effect (T or F) - Answers - False
, -Downsizing
-Privitization
-Team-Based Management
-Migrants changing workforce composition - Answers - More Complex and Dynamic
Work Environment
Enables formerly government-controlled enterprises to be available for purchase by
foreign firms, thus reducing boundaries - Answers - Privitization
-Firm
-Forgien Constituency
-Home and Host Country Governments
-Special Interest Groups
-International Agencies
-Small to Medium Sized Enterprises - Answers - Forces of Globalization
-Economic
-Legal
-Political
-Cultural - Answers - 4 Elements of Global Manager's Environment
3 aspects that provide backdrop against which global managers must fuction - Answers
- -Economic, legal, and political
Uniquely important to international management - Answers - Culture
________,_______________,_______________ more visible and observable. -
Answers - -economic
-legal
-political
_____________ largely invisible - Answers - Culture
_______________ most often neglected - Answers - Culture
Plan, organize, coordinate, command, and control - Answers - Management (Henri
Fayol)
___________________ ________________ are at the core of management - Answers
- -intrapersonal
-interactions
__________,______________,______________ __________________ of a country
are manifestations of a nation's culture - Answers - -economic
-political
ACCURATE ANSWERS
A process whereby worldwide __________ in virtually every sphere of
activity are growing. Some of these __________ lead to ________
worldwide; others do not. "(Parker, 2005) - Answers - -interconnections
-interconnections
-integration/unity
A process whereby worldwide interconnections in virtually every sphere of activity are
growing. Some of these interconnections lead to integration/unity worldwide; others do
not. - Answers - -globaliztion
4 Categories of Change that Illustrate the Process of Gloablization - Answers - -growing
economic interconnectedness
-more complex and dynamic work environment
-increased use and sophistication of Information Technology
-more and different player on the global stage
Growing Economic Interconnectedness - Answers - -Regional Integration
-Customs Union
-Common Market
-Free trade area, no internal tariffs - Answers - Regional integration
-no internal tariffs plus common external tariffs - Answers - Customs Union
-customs union plus factor mobility - Answers - Common Market
3 Largest Trade Groups - Answers - -European Union
-North American Free Trade Agreement (NAFTA)
-Asia-Pacific Economic Cooperation (APEC)
-account for about half of the world's trade
-formed as a result of the General Agreement on Tariffs and Trade with the goal of
reducing tariffs and liberalizing - Answers - World Trade Organization
-create a greater degree of interconnectedness among the world's economies -
Answers - Goal of Trade Agreements
Gap between regional GDP growth rates of the fastest growing and least dynamic
regions of the world has begun to narrow (T or F) - Answers - True
FDI doesn't have a globalizing effect (T or F) - Answers - False
, -Downsizing
-Privitization
-Team-Based Management
-Migrants changing workforce composition - Answers - More Complex and Dynamic
Work Environment
Enables formerly government-controlled enterprises to be available for purchase by
foreign firms, thus reducing boundaries - Answers - Privitization
-Firm
-Forgien Constituency
-Home and Host Country Governments
-Special Interest Groups
-International Agencies
-Small to Medium Sized Enterprises - Answers - Forces of Globalization
-Economic
-Legal
-Political
-Cultural - Answers - 4 Elements of Global Manager's Environment
3 aspects that provide backdrop against which global managers must fuction - Answers
- -Economic, legal, and political
Uniquely important to international management - Answers - Culture
________,_______________,_______________ more visible and observable. -
Answers - -economic
-legal
-political
_____________ largely invisible - Answers - Culture
_______________ most often neglected - Answers - Culture
Plan, organize, coordinate, command, and control - Answers - Management (Henri
Fayol)
___________________ ________________ are at the core of management - Answers
- -intrapersonal
-interactions
__________,______________,______________ __________________ of a country
are manifestations of a nation's culture - Answers - -economic
-political
