D080 Managing in a Global Business Environment (QHC1) (PQHC)

D080 Managing in a Global Business Environment (QHC1)

(PQHC)

Leave the first rating Students also studied Terms in this set (70) Western Governors UniversityD 080 Save WGU - D080/ FVC1 Enhanced Study...286 terms axsanchezPreview D080 study for OA 241 terms collegerules2 Preview Project Management C722 185 terms blankenship226 Preview Manag 186 term mar Which negative outcome on political systems comes from globalization?

• Increase in the number of laws
• Increase in the amount of taxes
• Creation of isolationist policies
• Creation of translation problems

Globalization - 36% Political, Economic, and Legal Systems

• Creation of isolationist policies

Which factor results in a higher rate of globalization?

• Reduced trade barriers
• Lower cross-border migration
• Higher costs of doing business
• Decreased direct foreign investment

Globalization - 36% Political, Economic, and Legal Systems

• Reduced trade barriers

What are the four factors in Ghemawat's CAGE analysis?

• Culture, administration, government, environment
• Culture, agriculture, government, economy
• Culture, agriculture, geography, environment
• Culture, administration, geography, economy

Globalization - 36% Political, Economic, and Legal Systems

• Culture, administration, geography, economy

What is a major drawback to the home country when companies outsource manufacturing jobs to countries with lower worker wages?

• Higher taxes
• Loss of manufacturing jobs
• Increased manufacturing costs
• Decreased focus on research and development

Globalization - 36% Political, Economic, and Legal Systems

• Loss of manufacturing jobs

A country has a characteristic traditional economic system with poor infrastructure and limited economic opportunity.What is the impact of this system on the process of globalization?

• The globalization process is unaffected as the system

does not hinder the process.

• The globalization process has shortcomings as there

are conflicts with other countries.

• The globalization process is at a disadvantage as the

country has a lower standard of living.

• The globalization process is steady as the country is

not vulnerable to the impact of globalization.Globalization - 36% Political, Economic, and Legal Systems

• The globalization process is at a disadvantage as the country has a lower

standard of living.What is a characteristic of a market economy?

• Government regulation is abundant.
• Production is based on traditions.
• Goods and services are publicly owned.
• Firms seek to maximize profits.

Globalization - 36% Political, Economic, and Legal Systems

• Firms seek to maximize profits.

Which impact does Islamic law directly have on businesses?

• It forbids charging interest.
• It commercializes the legal system.
• It prohibits sale-buyback of businesses.
• It limits the globalization of business.

Globalization - 36% Political, Economic, and Legal Systems

• It forbids charging interest.

Which institution helps to maintain availability of global financing to solve trade deficit issues?

• The World Bank
• The Federal Reserve
• International Monetary Fund
• International Finance Corporation

Globalization - 36% Shaping the Economic Environment

• International Monetary Fund

What is the current focus of the World Bank?

• Maximizing profitability
• Improving quality of life
• Supporting structural development
• Maintaining equity between developing economies

Globalization - 36% Shaping the Economic Environment

• Improving quality of life

For which concern has the World Trade Organization been criticized?

• Adoption of labor standards protecting labor rights
• Impact of tariffs set by developing nations
• Impact of high tariffs on agricultural products
• Influence of free trade policies on human trafficking

Globalization - 36% Shaping the Economic Environment

• Adoption of labor standards protecting labor rights

How is the Special Drawing Right of the International Monetary Fund (IMF) valued?

• It is based on the value of gold.
• It is based on the U.S. dollar.
• It is based on all members' currencies.
• It is based on the value of the five most significant

members' currencies.Globalization - 36% Shaping the Economic Environment

• It is based on the value of the five most significant members' currencies.

Two countries agree to open their borders to international business transactions with one another without tariffs.How does this affect global business?

• It imposes import restrictions on competing nations.
• It leads to developing free trade policies with strategic

partners.

• It provides subsidies and protects a critical industry.
• It creates a trade surplus for the national economy.

Globalization - 36% International Agreements

• It leads to developing free trade policies with strategic partners.

A country uses its established technology infrastructure to produce a good.What is the impact of this infrastructure on trade?

• It will improve supply and demand.
• It will create barriers to entry for other nations.
• It will decrease economies of scale.
• It will decrease natural resources.

Globalization - 36% International Agreements

• It will create barriers to entry for other nations.

What was the economic impact of the North American Free Trade Agreement (NAFTA)?

• The reduction of economic output as measured by

gross domestic product (GDP)

• The overall loss of jobs and higher unemployment
• The shift of jobs away from low comparative

advantage industries

• The increase of low-skilled worker employment in the

United States Globalization - 36% International Agreements

• The shift of jobs away from low comparative advantage industries