MGMT 4660 Exam 1 Questions and Answers Latest Update

MGMT 4660 Exam 1 Questions and Answers Latest Update emerging markets countries - Answers India, China, Brazil, Argentina, Chile, Colombia, Malaysia, Mexico, Philippines, South Africa, South Korea, Turkey, and Venezuela multinational management - Answers the formulation of strategies & designs of management systems that successfully take advantage of international opportunities & respond to international threat multinational company - Answers an organization that does business in several countries globalization - Answers Actions or processes that involve the entire world and result in making something worldwide in scope developed countries - Answers Country that is highly industrialized and has a high per capita GNP developing countries - Answers Countries with less productive economies and a lower quality of life transition economies - Answers countries in the process of converting from a centrally planned to a capitalist economy. emerging markets - Answers newly industrialized countries plus those with the potential to become newly industrialized developed economies - Answers Australia, Austria, Belgium, GB, Canada, Denmark, France, Germany, Italy, Ireland, Japan, Netherlands, Spain, Sweden, Switzerland, US developing countries - Answers Hong Kong, Singapore, Taiwan, Malaysia, Indonesia, Thailand transition countries - Answers Czech, Hungary, Poland, Russia GATT - Answers A United Nations agency created by a multinational treaty to promote trade by the reduction of tariffs and import quotas WTO - Answers A global coalition of more than 140 governments that makes rules governing international trade. regional trade agreements - Answers mutual commitments that binds several neighboring countries to pursue common economic and financial policies European Union - Answers ..., an international organization of European countries formed after World War II to reduce trade barriers and increase cooperation among its members NAFTA - Answers A trade agreement between Canada, the United States and Mexico that encourages free trade between these North American countries. APEC - Answers (Asia-pacific Economic Cooperation) A forum of the Asia-Pacific region to discuss and negotiate matters of common economic interest, especially trade matters. examples of states in APEC are Australia, NZ, Japan, Chile, China and the U.S foreign direct investment - Answers Investment made by a foreign company in the economy of another country. ISO 9001:2000 - Answers Standards developed by the International Organization for Standardization in Switzerland to ensure consistent quality management and quality assurance for goods and services throughout the European Union (EU). ISO 14000 - Answers A collection of the best practices for managing an organization's impact on the environment. ethisphere - Answers renowned third think tank dedicated to furthering business ethics and corporate social responsibility global mindset - Answers An individual's ability to perceive, appreciate, and empathize with people from other cultures, and to process complex cross-cultural information emotional intelligence - Answers Is a component of leadership and refers to the capacity for recognizing your own feelings and those of others, for motivating yourself, and for managing emotions well in yourself and in your relationships. intellectual capital - Answers a smart work force that is able to continuously learn and improve psychological capital - Answers Striving for success by developing one's self-efficacy, optimism, hope, and resiliency social capital - Answers Democratic and civic habits of discussion, compromise, and respect for differences, which grow out of participation in voluntary organizations. strategy - Answers A pattern of actions and resource allocations designed to achieve the organization's goals., A cluster of decisions about what goals to pursue, what actions to take, and how to use resources to achieve goals strategy formulation - Answers The development of a set of corporate, business, and functional strategies that allow an organization to accomplish its mission and achieve its goals strategy implementation - Answers The sum total of the activates and choices required for the execution of a strategic plan - it is the process by which strategies are put into action through budgets, programs, and procedures. culture - Answers Beliefs, customs, and traditions of a specific group of people. cultural norms - Answers Behaviour patterns that are typical of specific groups cultural values - Answers The social values that are shared among the members of an organization and tend to regulate their individual behaviors and induce collective conformity. cultural beliefs - Answers our understanding about what is true cultural symbols - Answers symbols that are closely dependent on a specific situation, place, or group