Global Business exam 1

Chapters 1-6

A/An _________ is an organization that sells products and services sourced from another country, while a/an ___________ is an organization that sells products and services in foreign countries, while sourcing them from the home country.

• importer; exporter

• foreign investor; exporter

• foreign investor; importer

• exporter; importer

importer; exporter

Three factors aligned to transform the world and make it flat, according to Friedman. Select those three factors below.

• Strengthening communication through new software programs and increasing familiarity with such programs

  Strengthening communication through new software programs and increasing familiarity with such programs - correct

• Loss of patriotism

  Loss of patriotism - no response given

• Citizens in Asia and Russia seeking personal wealth

  Citizens in Asia and Russia seeking personal wealth - correct

• Increased familiarity and access to the internet

  Increased familiarity and access to the internet - correct

• Significant cost differences in labor costs

• Strengthening communication through new software programs and increasing familiarity with such programs

• Citizens in Asian and Russia seeking personal wealth

• Increased familiarity and access to the internet

Complete the sentence by choosing the correct response from the drop-down list:

Describing global business as having equal opportunities for all competitors is the ___________, while believing that business competition is really more different than the same in each market is the __________.

flat-world view, multidomestic view

Which of the following best defines a business manager?

• Person responsible for overseeing a broad range of a company’s activities across multiple business units.

• Person responsible for overseeing the day-to-day activities and employees in a company.

• Person responsible for overseeing a company’s operations within a geographical area.

• Person responsible for overseeing a specific organizational unit within a company.

Person responsible for overseeing the day-to-day activities and employees in a company.

After ending up with a cut every time she zested a lemon, Zahara developed and started selling a battery-operated scrubber that ran over the outside of the lemon creating the zest. Zahara is a(n) _____.

• entrepreneur

• donor 

• social worker

• accountant 

entrepreneur

A manager with responsibility for a specific part of the corporation, such as human resources or accounting, is a _________ manager while one who has responsibility over many areas of the organization is a ________ manager.

functional, corporate

Internationalbusinessisstrongerandmoresustainabl