Exam 2: The Global Business Environment

 The factor that distinguishes an internal environment of an organization from an external environment is that:

 The _____ was formed to deal with the rules of trade between nations and is responsible for negotiating and implementing new trade agreements and policing member countries' adherence to them.

 Which of the following is the best example of Hofstede's low versus high power distance dimension?

 Identify the trade agreement that created a single market by a system of laws that apply in all member states, guaranteeing the freedom of movement of people, goods, services, and capital.

 Which of the following statements is true about the dimensions of internal environment?

 Sally is a fractional owner in a business and is given the opportunity to vote on proxy matters. Sally is most likely a(n)

 _____ refers to the integration and interdependence of economic, technological, sociocultural, and political systems across diverse geographic regions.

 The fourth largest regional trading group, MERCOSUR, comprises the countries of

 Which of the following countries is one of the original members of ASEAN?

 The responsibility of James and Henry in an organization is to direct and oversee managers to ensure that the jobs are properly done. Both were elected by the shareholders of the organization to serve as an intermediate group. From this scenario, it can be inferred that James and Henry are the _____ of the organization.

 When Home Depot began offering a paint palette of colors named to reflect Hispanic culture, it was responding to changes in the

 Which of the following entities belongs to the general environment of an organization?

 Which of the following countries was admitted to MERCOSUR in 2012 and is likely to increase the importance of fuel trade both within and outside the region?

 Fuel and mining products are increasingly important components of MERCOSUR's export base.

 Briefly describe the different dimensions of the general environment.

 Which of the following has the most direct influence on a firm? 

 Outline the components of a firm's internal environment.

 Which of the following is one of the primary goals of ASEAN?

 Which of the following entities belongs to the internal environment of an organization?

 Social values often pose a much lesser challenge than language barriers for a company wanting to expand globally.