QUESTIONS WITH SOLUTIONS GRADED A+
◍ tall structures.
Answer: Organizational structures with many levels
◍ A company is trying to identify the factors that will increase their risk when
entering a global market.Which strategy increases this risk?Conducting
market research on the size of franchiseesLocalizing the product through
franchiseesAcquiring domestic business partnersAligning responsibilities
for each of the partner entities.
Answer: Acquiring domestic business partners
◍ exports.
Answer: A commodity, good, or service sold abroad
◍ A coffee company received international criticism for an employee
negatively responding towards a customer. The response was said to be
racially motivated. The company needs to take swift action to improve how
all employees in the organization are viewed by ethical consumers.Which
course of action should the company take to meet this goal?Fire the worker's
supervising managerGive the person affected company gift cardsHave
employees attend sensitivity trainingShow instances of employees helping
that population.
Answer: Have employees attend sensitivity training
◍ It increases worldwide connections that support commodity trading..
Answer: How is global business positively affected by intercultural
exchange?
◍ Corporate social responsibility (CSR).
Answer: The ethical role of a corporation in society
,◍ Damages.
Answer: compensation when contract is broken
◍ copyright.
Answer: Form of protection provided by the laws of the United States to the
authors of "original works of authorship," including literary, dramatic,
musical, artistic, and certain other intellectual works
◍ Which strategy should a government use to offset the cost of manufacturing
domestically?.
Answer: Subsidies
◍ Regional Economic Integration.
Answer: - involves agreement with nations in the same geographical area to
reduce or eliminate trade barriers such as tariffs and quotas- establishes a
single political, economic, and trade policy
◍ trademarks.
Answer: Protection for any word, name, symbol, device, or any combination
used in commerce to identify and distinguish the goods of one manufacturer
or seller from goods manufactured or sold by others
◍ internal forward rate.
Answer: A company-generated forecast of future spot exchange rates
◍ balance of payments.
Answer: The difference in total value between payments into and out of the
country over a period of time
◍ A company is interested in working with the technology that will allow
consumers to privately and securely store personal information such as
social security and credit card numbers, making it accessible around the
world. Which piece of technology is of interest to this company?.
Answer: blockchain
◍ What are the types of FDIs?.
Answer: 1. Horizontal 2. Vertical 3. Forward-vertical 4. Backward-vertical
,◍ Financial Accounting Standards Board.
Answer: An independent group that oversees the development and revision
of the GAAP
◍ Financial Accounting Standards Board (FASB).
Answer: An independent group that oversees the development and revision
of the GAAP
◍ - Power distance: The different solutions to the basic problem of human
inequality- Individualism vs. collectivism: The integration of individuals
into a primary group- Masculinity vs. femininity: The division of emotional
roles between women and men- Uncertainty avoidance: The level of stress
in a society despite an unknown future- Long-term orientation vs. short-term
orientation: The choice of focus for people's efforts: the future or the present
and past- Indulgence vs. restraint: The gratification of needs vs. self-control.
Answer: Describe each of Hofstede's six cultural dimensions with respect to
global business.
◍ underground economies.
Answer: Economic transactions that are deemed illegal
◍ The stability of a currency, the macroeconomic indicators, and the relative
ratio of the strength of the domestic currency versus the foreign currency all
determine return on investment..
Answer: How does strengthening and weakening currency impact
international trade?
◍ Absolute advantage.
Answer: - uses absolute cost - determines specialization- specialization then
is determined by absolute advantage to increase production efficiency
◍ A CEO of a multinational corporation tells employees that they are expected
to follow the organization's values, remember the mission, and adapt
behaviors to be in alignment with the vision and mission, regardless of the
situation.Which ethical standard is being stressed by this company?.
Answer: Code of ethics
, ◍ dumping.
Answer: When a country or company exports a product at a price that is
below market price to gain an unfair share of the market
◍ Government.
Answer: Favorable policies, support for the industry ((can use tax bracket to
attract FDI and subsidies (free money) can help domestic business reduce
cost and charge lower price))
◍ information technology (IT).
Answer: The equipment and techniques used to manage and process
information
◍ - Advantages: The company maintains control and consistency of product
quality and messaging; it simplifies processes.- Disadvantages: The
decisions may not reflect the needs of the foreign market or workplace; lack
of diversity may discourage employee motivation; a colonial mentality can
develop..
Answer: Describe advantages and disadvantages of the Ethnocentric HR
strategy
◍ Domestic Workers Convention.
Answer: 2011,Convention (2011) aimed at protecting domestic workers
from abuse and exploitation
◍ - UN enacted an Antarctica Treaty in 1991, which prohibited mining of the
region, limited pollution of the environment, and protected its animal
species.- The Paris Agreement is the first legally binding, global climate
deal. This agreement proposes concrete steps for keeping long-term global
temperature increase at below 2°
C. The agreement was formally ratified in October 2016; however, 13
nations have yet to ratify, including some major emitters.- The EPA is
charged with monitoring the environmental practices of industry.- 1997
Kyoto Protocol was a binding resolution to reduce greenhouse gases.
Although the United States initially supported the resolution, the Senate