Global Business FVC1

globalization correct answer: the socioeconomic reform process of eliminating trade, investment, information technology, and cultural and political barriers across countries, which in turn can lead to increased economic growth and geopolitical integration and interdependence among nations of the world emerging economies correct answer: countries that are implementing more open trade and free-market policies decoupling correct answer: a fundamental global shift in which industrialized co...

Globalization correct answer: International integration that occurs from interchange of world views, products, ideas, and other aspects of culture. Globalization Opportunities correct answer: *demand for new products *lower labor cost *less expensive natural resources *operate internationally to increase revenue and lower cost. Economic Effect on Globalization correct answer: *widespread international movement of goods, capital resources, services, information, etc. *countries are i...

Globalization correct answer: the process through which an increasingly free flow of ideas, people, goods, services and capital leads to the integration of economies and societies How do major international institutions facilitate globalization? correct answer: help transmit information, enforce contracts/property rights, promote market competition Why is it important for political leaders and institutions to be transparent in responding to global competition? correct answer: social unr...

What are the characteristics of globalization? correct answer: Communication, transportation, transnational businesses, free trade agreements, consumer culture, labor force. How do major international institutions facilitate globalization? correct answer: International monetary funds: provides financial stability. World bank: reconstruction and restructuring economies as an opportunity to reach global solutions to national challenges. World trade organization: focuses on lowering/re...

According to the Chapter 1 opening vignette, which of the following is a major global concern, especially to international organizations such as the International Monetary Fund, the World Bank, and the World Trade Organization? a. The spread of the AIDS virus b. Lack of adequate supplies of food in underdeveloped countries c. The increase in the number of humans inhabiting the planet d. Nationalist or protectionist policies that curtail world trade e. Lack of adequate amounts of dr...

What is Globalization? correct answer: International interaction arising from the exchange of world views, products, ideas and other aspects of culture What business opportunities are presented by globalization? correct answer: Amazon**continue Economic effect of globalization correct answer: trade, investment, IT Political effect of globalization correct answer: Reduce the importance on nation-states, NGOs, Isolation policy Cultural effect of globalization correct answer: Trans...

The formal system of task and authority relationships that control how people coordinate their actions and use resources to achieve organizational goals. correct answer: Organizational Structure It allows for activities based upon a division of labor by departmentalization, standardization, and specialization of functions and tasks. correct answer: Organizational Structure It facilitates coordination and integration of activities through hierarchical supervision, formal rules and procedu...

Type of Funding for the International Business - Large Companies correct answer: Cash Loans Bonds Equity Type of Funding for the International Business - Small Companies correct answer: VC Angel Investors Friends Family or Fools Crowdsourcing Type of Funding for the International Business - Small Companies Accumulate capital from a number of speculative investors and seek strong business opportunities still in the start-up phase. correct answer: Venture Capital Type of Fund...

Globalization encompasses the socio-economic reform process of eliminating trade, investment, cultural, information technology, and political barriers across countries, which could lead to increased economic growth and geo-political integration and interdependence among nations of the world. a. True b. False correct answer: Ch. 1 - True Globalization has always been and always will remain another word for "Westernization." a. True b. False correct answer: Ch. 1 - False Today,...

What is globalization? correct answer: A process that involves the entire world and results in making something worldwide in scope. What are the arguments for and against globalization from country's perspective? correct answer: Firms have benefitted from globalization by being able to specialize and focus more on research and development, by having access to a broader market, and by gaining access to cheaper labor. Globalization has also brought challenges, such as a need to understand an...