MGMT 4660 Test 1 || Questions and 100% Accurate Answers.
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Course
MGMT 4660
Institution
MGMT 4660
the formulation of strategies and the design of management systems that successfully take advantage of international opportunities and respond to international threats correct answers Multinational management
any company that engages in business functions beyond its domestic borders. This defini...
MGMT 4660 Test 1 || Questions and 100% Accurate
Answers.
the formulation of strategies and the design of management systems that successfully take
advantage of international opportunities and respond to international threats correct answers
Multinational management
any company that engages in business functions beyond its domestic borders. This definition
includes all types of companies, large and small, that engage in international business. correct
answers Multinational company
The worldwide trend of cross-border economic integration that allows businesses to expand
beyond their domestic
boundaries. correct answers globalization
Countries with mature economies, high GDPs, and high
levels of trade and investment. correct answers Developed countries
Countries with economies that have grown extensively in the past two decades. correct answers
Developing countries
Countries in the process of changing from government-controlled economic systems to free
market or capitalistic
systems. correct answers Transition economies
Countries that are currently between developed and
developing countries and are rapidly growing. correct answers Emerging markets
Tariff negotiations among several nations that reduced
the average worldwide tariff on manufactured goods. correct answers General Agreement on
Tariffs and Trade (GATT)
A formal structure for continued negotiations to reduce trade barriers and a mechanism for
settling trade disputes. correct answers World Trade Organization (WTO)
Agreements among nations in a particular region to reduce tariffs and develop similar technical
and economic standards. correct answers Regional Trade Agreements
Austria, Belgium, Bulgaria, Britain, Denmark, Finland,
France, Germany, Greece, Ireland, Italy, Luxembourg,
the Netherlands, Portugal, Romania, Spain, and Sweden,
plus Norway and Switzerland in the related European
Free Trade Area. correct answers European Union
A multilateral treaty that links the United States, Canada, and
, Mexico in an economic bloc that allows freer exchange of goods and services. correct answers
North American Free Trade Agreement (NAFTA)
A confederation of 19 nations with less- specific agreements
on trade facilitation in the Pacific region. correct answers Asia-Pacific Economic Cooperation
(APEC)
Multinational firm's ownership, in part or in whole, of an
operation in another country. correct answers Foreign Direct Investment (FDI)
The current name for the technical and quality standards of
the International Organization for Standardization. correct answers ISO 9001:2000
The current name for the environmental protection standards of the International Organization
for Standardization. correct answers ISO 14000
The next generation of multinational managers should have what 7 characteristics? correct
answers 1. A global mindset
2. Emotional intelligence
3. A long range perspective
4. The talent to motivate employees to achieve excellence
5. Accomplished negotiating skills
6. The willingness to seek overseas assignments
7. An understanding of national cultures
Mindset that requires managers to think globally but act
locally. correct answers global mindset
the maneuvers or activities that managers use to sustain and increase organizational performance
correct answers Strategy
the process of choosing or crafting a strategy correct answers Strategy formulation
All the activities that managers and an organization must perform to achieve strategic objectives.
correct answers Strategy Implementation
All the activities that managers and an organization must
perform to achieve strategic objectives. correct answers 1. Blurring of boundaries
2. Flexibility matters more than size
3. Finding your niche
4. Hypercompetition
5. Emphasis on innovation and the learning organization
7 characteristics of a global economy correct answers 1. Rise of global standards
2. New competitors
3. Disintegrating borders
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