Exam 8: Global Management

The most common _____ is a joint venture, which occurs when two existing companies collaborate to form a third company.

Benkemel Corp., an industrial chemicals manufacturer in Noemern, has entered a foreign market. It now plans to establish a chemical manufacturing plant in that country. Which of the following is a qualitative factor that Benkemel should consider while choosing the new manufacturing plant location?

Which of the following statements is true of the World Trade Organization (WTO)?

Political uncertainty is the risk associated with:

A(n) _____ is someone who lives and works outside his or her native country.

PreFab, a clothing company is selling its goods in the country of Irmana. The clothing is manufactured in PreFab's home country and a tax is levied on it by the government of Irmana. This form of business is an example of _____.

Bardron, an information technology company in the country of Conimount, wanted to start its business in the country of Bertholt. Hence, it bought Lecden Corp, a severely underperforming information technology company in the country of Bertholt. This scenario is an example of _____.

Unlike nontariff barriers, tariffs _____.

_____ is the degree to which societies believe that a person should be self-sufficient.

Crimson Corp., an electronics manufacturer in Mallowdeer, plans to enter a foreign market. It wants to establish its new office in Ostview. Which of the following is a qualitative factor that Crimson Corp. should consider while choosing the new office location?

Cad Cream Inc., an ice cream company, has collaborated with Bite Snack Inc., a food manufacturing company, to come up with a third company, Cream Bite Inc. This new company manufactures energy bars with a variety of flavors. In this context, Cream Bite Inc. is a _____.

Toasty Inc., a chain of fast food restaurants, uses the same recipes, menu, and policies in all its branches throughout the world. This is an example of global consistency.

_____ are new companies that are founded with an active global strategy and have sales, employees, and financing in different countries.

In the context of political risks, unlike cooperation, an avoidance strategy:

The two kinds of cooperative contracts in global business are:

_____ is used to assess how well managers and their families are likely to adjust to foreign cultures.

When conducting global business, companies should attempt to identify the two types of political risk that are workforce quality and economic uncertainty.

Which of the following is a regional trade agreement between most European countries?

DepDevs, an investment company in the country of Onimount, has purchased several small companies in Primelom, a third world country. DepDevs plans to revive these companies by investing their funds in them and improving their performances in the market. This scenario is an example of _____.

In the context of global markets, which of the following factors helps companies determine the growth potential of foreign markets?