International Management Quiz
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Questions and Answers

What does Porter's Diamond model aim to determine?

  • Factors contributing to cost reduction
  • Factors contributing to market saturation
  • Factors contributing to competitive advantage (correct)
  • Factors contributing to technological innovation
  • What is political risk in the global environment defined as?

  • Technological advancements disrupting business operations
  • Cultural differences influencing consumer behavior
  • Government action affecting long-term profitability (correct)
  • Market fluctuations impacting short-term gains
  • What are the characteristics of the global environment according to the text?

  • Ecological, societal, political, legal, economic, technological, geographical
  • Ecological, societal, cultural, technological, political, legal, economic (correct)
  • Societal, cultural, economic, political, legal, technological, geographical
  • Ecological, geographical, cultural, technological, political, legal, economic
  • What does the legal environment in international management consist of?

    <p>Laws specific to each country including taxation and property rights</p> Signup and view all the answers

    What is globalization defined as in the text?

    <p>A process of growing interconnections worldwide in all spheres of activity</p> Signup and view all the answers

    What does globalization refer to?

    <p>Growing interconnections worldwide in all spheres of activity</p> Signup and view all the answers

    What does the political environment in the global context depend on?

    <p>Political stability, role of the state in the economy, and political risk</p> Signup and view all the answers

    What is the legal environment in international management comprised of?

    <p>Laws specific to each country, including legislation related to taxes, contract law, and property rights protection</p> Signup and view all the answers

    What is political risk in the global environment defined as?

    <p>Any government action or politically motivated event that can affect long-term profitability or the value of a company</p> Signup and view all the answers

    What does Porter's Diamond model aim to determine?

    <p>Determinants of competitive advantage</p> Signup and view all the answers

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