MGMT 425 EXAM 1 STUDY GUIDE
EXAM QUESTIONS AND ANSWERS
GRADED A+ 2026
Globalization - ANS The process of institutions and economies becoming more integrated and
interdependent with each other
International Business - ANS the total of all business transactions that cross the borders of
two or more nations
Global product - ANS a product that has little to no modification and is sold globally
Global Products ... - ANS standardize marketing activities
create market opporunities
level uneven income streams
denationalization - ANS the process of transferring ownership or control of assets or
industries from the government to the private sector
4 forces of globalization - ANS 1) decrease in barriers
2) WTO (World Trade Organization)
@COPYRIGHT 2026/2027 ALLRIGHTS RESERVED 1
, 3) Regional Trade Agreements
4) Technological Advancements
Ethics - ANS principles, values, and beliefs that define what is right or wrong behavior
2 catastrophes that brought international ethical reform: - ANS 1) 1984 Bhopal Chemical
Plant Accident
2) 1986 Chernobyl
Methods to Improve Ethical Behavior - ANS develop a code of conduct
communicate the code clearly
International Ethical Issues - ANS education
poverty
genetically modified food and animals
human cloning
privacy on the internet
child labor
Social Obligation - ANS to stay in business and to meet legal requirements
Social Repsonsibility - ANS beyond legality (society as a whole) [not specfic]
Social Responsiveness - ANS where you pick specific issues that are currently relevant to
society [specific]
@COPYRIGHT 2026/2027 ALLRIGHTS RESERVED 2
EXAM QUESTIONS AND ANSWERS
GRADED A+ 2026
Globalization - ANS The process of institutions and economies becoming more integrated and
interdependent with each other
International Business - ANS the total of all business transactions that cross the borders of
two or more nations
Global product - ANS a product that has little to no modification and is sold globally
Global Products ... - ANS standardize marketing activities
create market opporunities
level uneven income streams
denationalization - ANS the process of transferring ownership or control of assets or
industries from the government to the private sector
4 forces of globalization - ANS 1) decrease in barriers
2) WTO (World Trade Organization)
@COPYRIGHT 2026/2027 ALLRIGHTS RESERVED 1
, 3) Regional Trade Agreements
4) Technological Advancements
Ethics - ANS principles, values, and beliefs that define what is right or wrong behavior
2 catastrophes that brought international ethical reform: - ANS 1) 1984 Bhopal Chemical
Plant Accident
2) 1986 Chernobyl
Methods to Improve Ethical Behavior - ANS develop a code of conduct
communicate the code clearly
International Ethical Issues - ANS education
poverty
genetically modified food and animals
human cloning
privacy on the internet
child labor
Social Obligation - ANS to stay in business and to meet legal requirements
Social Repsonsibility - ANS beyond legality (society as a whole) [not specfic]
Social Responsiveness - ANS where you pick specific issues that are currently relevant to
society [specific]
@COPYRIGHT 2026/2027 ALLRIGHTS RESERVED 2
