Exam 5: The Global Environment

A(n)____ business is one that is primarily based in a single country but that acquires some meaningful share of its resources and/or revenues from other countries.

Which management function do differences between domestic and international production quality standards fall under?

Which of the following is the type of economy most countries in the world are striving to attain?

____ gives preference to domestic producers through content or price restrictions.

Why is the European Union significant to the United States and the global economy?

Which of the following is an example of how cultural differences directly impact international business practices?

Which of the following statements does NOT describe a characteristic of importing/exporting?

Is bigger always better when it comes to globalization and organizational size?

Define the term infrastructure.Compare and contrast high-potential/high-growth countries,oil-exporting countries,and mature market economies in terms of their infrastructures.

Starbucks owns one third of its stores outside the U.S.Those stores are

U.S.managers have the least difficulty operating in ____ economies.

One of the primary challenges facing those who would like to enter a high-potential/high-growth economy is

A(n)____ is the most common form of trade restriction.

Stability can be viewed in two ways¾as the ability of a given government to stay in power in the country and as the permanence of government policies toward business.A country that is stable in both respects is preferable because managers have a higher probability of successfully predicting how government will affect their businesses.

Which of the following is NOT a part of a nation's infrastructure?

People who exhibit short-term outlook behaviors tend to place a high premium on material possessions,money,and assertiveness.

MNC stands for ____________________.

Fewer and fewer small organizations are also finding that they can benefit from the global economy.

When Starbuck operates in other countries it customizes the snacks to local tastes.This is a(n)____ challenge for international managers.

____ is the form of international business involvement in which two or more firms have an equity position in an operation.