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

________ includes the initiation of joint ventures with nationals (individuals or those in firms, labor unions, or government)to reduce political risks.

Which of the following is analyzed through the quantitative approach, qualitative approach, and the checklist approach?

The term ________ refers directly to the marketing and sales process via the Internet.

Expropriation occurs when a local government seizes and does not provide any compensation for the foreign-owned assets of an MNC.

Political risk insurance and local debt financing are forms of dependency.

Expropriation of corporate assets without prompt and adequate compensation is an example of ________.

NAFTA is an agreement that came into force to lower tariffs to 25 percent within three to five years, and to eliminate them within seven years.

Which of the following is an example of a macropolitical risk event?

What is political risk? Give an example of how political risk can affect an MNC.

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

The European Union currently consists of how many nations?

________ poses a severe and random political risk to company personnel and assets, and interrupts the conduct of business.

How does the phenomenon of ethnicity affect the international manager?

What is the European Union (EU)? Discuss how the EU affects both Europe and international managers working in Europe.

SAARC is an agreement that came into force to bring faster growth, more jobs, better working conditions, and a cleaner environment for all as a result of increased exports and trade.

How does the Internet facilitate both e-commerce and business-to-business transactions?

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

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

Confiscation occurs when a local government seizes and provides inadequate compensation for the foreign-owned assets of an MNC.

If a foreign-based firm borrows money from a host country bank as a hedge against being forced out of operation without adequate compensation, the firm is managing political risk with ________.