Global Business Challenges and Strategies
48 Questions
0 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What is one challenge organizations face due to poor infrastructure in developing countries?

  • Improved customer relationships
  • Increased market opportunities
  • Enhanced worker productivity
  • Higher operational costs (correct)

    • How does globalization affect the economics of various industries?

  • It eliminates the need for regulatory compliance.
  • It promotes economic isolation among countries.
  • It creates uniform customer preferences across regions. (correct)
  • It reduces the competitive landscape.

    • What key factor does the CAGE framework identify as reducing economic exchange between countries?

  • Market size variation
  • Technological advancements
  • Political alignment
  • Cultural differences (correct)

    • Which statement best describes Pankaj Ghemawat's view of globalization?

    <p>The world is semi-globalized and multi-domestic.</p> Signup and view all the answers

    What role do government policies play in global strategy?

    <p>They can create uneven playing fields internationally.</p> Signup and view all the answers

    What is meant by the 'world is flat' concept in relation to global business?

    <p>Global connections are increasingly equalized.</p> Signup and view all the answers

    What was the agreement that replaced NAFTA in 2019?

    <p>United States Mexico Canada Agreement</p> Signup and view all the answers

    Which element of globalization is affected by administrative similarities between countries?

    <p>Trade flows</p> Signup and view all the answers

    What is a key characteristic of a customs union?

    <p>All members share the same external tariff</p> Signup and view all the answers

    In Ghemawat's view, what should workers facing dislocation from globalization focus on?

    <p>Refining skills that cannot be delegated offshore</p> Signup and view all the answers

    Which of the following is an example of a common market?

    <p>Common Market for Eastern and Southern Africa (COMESA)</p> Signup and view all the answers

    What is a potential drawback of a common market?

    <p>Worker migration to countries with highest wages</p> Signup and view all the answers

    What is an economic union characterized by?

    <p>Shared currency and harmonized economic policies</p> Signup and view all the answers

    Which of the following best describes a political union?

    <p>Member countries collectively behaving as a single country</p> Signup and view all the answers

    What is the relationship between a customs union and its member countries?

    <p>Business and job opportunities may shift to more productive countries</p> Signup and view all the answers

    What organization is responsible for setting monetary policy in the Eurozone?

    <p>European Central Bank</p> Signup and view all the answers

    What is the primary advantage of a functional organizational structure?

    <p>Enhanced operational efficiency and specialization</p> Signup and view all the answers

    What characterizes a divisional organizational structure?

    <p>Separation of employees into departments based on product areas or regions</p> Signup and view all the answers

    What is a common disadvantage of functional organizational structures?

    <p>Tunnel vision due to the isolation of groups</p> Signup and view all the answers

    What happens to a U.S. financial investor's return if the U.S. dollar strengthens while investing abroad?

    <p>Returns will be lower than expected.</p> Signup and view all the answers

    Which of the following best describes internal auditing?

    <p>An investigation of employee compliance with policies</p> Signup and view all the answers

    What defines a floating exchange rate?

    <p>Its value fluctuates based on market demand and supply.</p> Signup and view all the answers

    In a pegged float exchange rate regime, what allows the currency’s value to change?

    <p>It fluctuates within a specified band.</p> Signup and view all the answers

    What does the term 'conflict of interest' refer to?

    <p>Ethical challenges arising from multiple competing interests</p> Signup and view all the answers

    What is the impact of appreciating currency on a country’s export market?

    <p>Exports become more expensive for foreign buyers.</p> Signup and view all the answers

    What is a key aspect of discrepancies in accounting?

    <p>Unintentional errors in financial records</p> Signup and view all the answers

    How is a fixed exchange rate determined?

    <p>By comparing it to a basket of foreign currencies.</p> Signup and view all the answers

    Which statement is true regarding grease payments?

    <p>They are small inducements to expedite decisions and transactions</p> Signup and view all the answers

    Which of the following correctly defines a whistleblower?

    <p>A person who reveals unethical or illegal activities within an organization</p> Signup and view all the answers

    Which option describes the nature of a currency that is categorized as floating?

    <p>It can change based on market forces.</p> Signup and view all the answers

    What effect does a depreciation of currency have on foreign investments?

    <p>It decreases the rate of return when converting back.</p> Signup and view all the answers

    In a crawling band exchange rate system, what allows for adjustments to the national currency's value?

    <p>Regular government interventions based on economic conditions.</p> Signup and view all the answers

    What is the primary function of copyrights?

    <p>To give the inventor the right to exclude others from using the invention</p> Signup and view all the answers

    What does the World Intellectual Property Organization (WIPO) focus on?

    <p>Building a global IP infrastructure and respect for IP</p> Signup and view all the answers

    Which of the following best describes corporate social responsibility (CSR)?

    <p>A company's commitment to societal obligations and ethical standards</p> Signup and view all the answers

    How do cultural differences impact the establishment of ethical codes in business?

    <p>Cultural norms can cause varying interpretations of ethics across countries</p> Signup and view all the answers

    Which of the following statements regarding trademark protection is accurate?

    <p>Trademarks help identify and distinguish goods of different sellers.</p> Signup and view all the answers

    What unethical practice was Odebrecht involved in?

    <p>Paying kickbacks to politicians for securing contracts</p> Signup and view all the answers

    What distinguishes ethical consumerism from traditional consumerism?

    <p>Ethical consumerism considers a company's ethical profile in purchasing decisions.</p> Signup and view all the answers

    Which aspect of international intellectual property law does WIPO primarily address?

    <p>Global policies related to intellectual property</p> Signup and view all the answers

    What is the main focus of the Push Model in supply chain management?

    <p>Product needs</p> Signup and view all the answers

    Which HR strategy emphasizes local hiring for foreign subsidiaries?

    <p>Polycentric</p> Signup and view all the answers

    What does cultural agility primarily involve?

    <p>Understanding multiple local contexts</p> Signup and view all the answers

    In the context of HRM, who is classified as a Host-country National?

    <p>A local citizen employed by a foreign subsidiary</p> Signup and view all the answers

    What is the primary purpose of performance evaluations in organizations?

    <p>To assess employee work competencies</p> Signup and view all the answers

    Which term describes the transition process for employees returning to their home countries?

    <p>Repatriation</p> Signup and view all the answers

    What is the distinction between primary and secondary sources?

    <p>Primary sources are firsthand accounts, while secondary sources interpret original information.</p> Signup and view all the answers

    What defines a geocentric HR strategy?

    <p>Employing the best candidates regardless of origin</p> Signup and view all the answers

    More Like This

    Use Quizgecko on...
    Browser
    Open
    Browser
    Browser