Exam 1: Assessing the Environment Political, Economic, Legal, Technological

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Experts suggest that firms that want to globalize through e-commerce must first localize, which means that firms need to ________.

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________ means that the firm maintains control over raw materials, components, technology, and know-how.

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Which of the following is the greatest risk affecting most FDI decisions?

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Which of the following are the three dominant currencies in the world today?

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In a brief essay, discuss common law, civil law, Islamic law, and contract law. How does each affect business opportunities for MNCs and the decisions of international managers?

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Which of the following best describes nationalization?

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What is globalization? What is the relationship between globalization and information technology?

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What elements in the business environment influence the international manager's role?

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India's economic boom is most likely a result of all of the following EXCEPT ________.

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Political risk insurance and local debt financing are both forms of ________.

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What are the common types of protectionist policies used by foreign governments? How do such policies affect global trade and MNC opportunities?

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Most of today's world trade takes place in which three trade blocs?

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Which of the following is a true statement about China?

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What is the primary difference between expropriation and confiscation?

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Which of the following terms refers to an agreement by the parties concerned to establish a set of rules for governing a business transaction?

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Under ________, past court decisions serve as precedents to the interpretation of the law.

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All of the following factors contribute to globalization EXCEPT ________.

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In a brief essay, discuss the four methods of analyzing economic risk that are recommended by John Mathis, a former senior financial policy analyst for the World Bank.

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Risk assessment by multinational corporations usually takes two forms: ________ and ________.

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In the context of doing business in Asia, what is meant by the phrase "the contract is in the relationship, not on the paper"?

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