Mgt 302 - Study guides, Class notes & Summaries

1. Tacit Knowledge- Info that is intuitive and difficult to codify in writing. gained from experience/interaction. shared knowledge might be dispersed throughout company 2. Codified Knowledge- Info easily captured/shared in the form of text, tables, or diagrams. can't undo. Ex: Product Specifications, Scientific Formula, and Computer Program 3. First Mover Advantages- are the economic and strategic advantages that accrue to early entrants into a market/industry 4. Pioneering Costs- costs tha...

MGT 302 STUDY GUIDE EXAM 2 MGT 302 Exam 2 Study Guide Fall 2015 Terms and Concepts: ● Culture Everything people have (material possessions), think (ideas, values, attitudes) and do (expected patterns of behavior) ● Values abstract ideas about what a group believes to be good, right or desirable ● Attitudes ● Norms social rule and guidelines that prescribe behaviour ● Folkways routine conventions of everyday life (dress code, manners) ● Mores norms that are seen as a central...

MGT 302 STUDY GUIDE EXAM 2

MGT 302 EXAM 2 QUESTIONS AND ANSWERS Chapter 9 Regional Economic Integration agreements among countries in a geographic location to reduce, and ultimately remove, tariff and non-tariff to free flow of g/s/FOP between each other. WTO members are required to _______ the WTO of all trade agreements in which they participate. notify Regional Economic Integration Helps to reduce trade barriers more quickly. Ex: The EU (European Union) European Union Created in Jan 1993; 1 single m...

MGT 302 FINAL EXAM STUDY GUIDE Tacit Knowledge – Information that is intuitive and difficult to articulate or codify in writing; Ex. swimming or riding a bike (you would want to show a person v. just tell them if they’ve never done these things before) • Can be gained through personal experience or interaction • Shared knowledge might be dispersed throughout the company Codified Knowledge – Information that can be easily captured in the form of text, tables, or diagrams; Ex. Jam...

MGT 302 FINAL EXAM QUESTIONS AND ANSWERS Chapter 20 Accounting and Finance in the International Business Answer Key True / False Questions 1. Accounting information is the means by which firms communicate their financial position to the providers of capital. TRUE Accounting information is the means by which firms communicate their financial position to the providers of capital, enabling them to assess the value of their investments and make decisions about future resource allocations....

MGT 302 EXAM 2 QUESTIONS AND ANSWERS Chapter 9 Regional Economic Integration agreements among countries in a geographic location to reduce, and ultimately remove, tariff and non-tariff to free flow of g/s/FOP between each other. WTO members are required to _______ the WTO of all trade agreements in which they participate. notify Regional Economic Integration Helps to reduce trade barriers more quickly. Ex: The EU (European Union) European Union Created in Jan 1993; 1 single market wi

MGT 302 STUDY GUIDE EXAM 2 MGT 302 Exam 2 Study Guide Fall 2015 Terms and Concepts: ● Culture Everything people have (material possessions), think (ideas, values, attitudes) and do (expected patterns of behavior) ● Values abstract ideas about what a group believes to be good, right or desirable ● Attitudes ● Norms social rule and guidelines that prescribe behaviour ● Folkways routine conventions of everyday life (dress code, manners) ● Mores norms that are seen as a cen...

MGT 302 FINAL EXAM STUDY GUIDETacit Knowledge – Information that is intuitive and difficult to articulate or codify in writing; Ex. swimming or riding a bike (you would want to show a person v. just tell them if they’ve never done these things before) • Can be gained through personal experience or interaction • Shared knowledge might be dispersed throughout the company Codified Knowledge – Information that can be easily captured in the form of text, tables, or diagrams; Ex. Ja...

MGT 302 CHAPTER 15 QUIZ 1. A firm that enters into a joint venture with another company reserves the right to keep control of its own technology. False 2. Which of the following is an advantage of turnkey contracts? Ability to earn returns from process technology skills in countries where FDI is restricted 3. A firm can rapidly build its presence in the target foreign market through acquisitions. True 4.