BUS 390 Midterm exam with answers

BUS 390 Midterm exam with answers
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controllable forces - CORRECT ANSWERS |\ |\ |\ |\ |\



✔✔internal forces over which management does
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have some control and can manage in response to
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changes in uncontrollable forces, such as human
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resources, finance, production, and marketing
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domestic environment - CORRECT ANSWERS ✔✔all
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the uncontrollable forces originating in the home
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country that surround and influence the life and
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development of the firm |\ |\ |\




economic globalization - CORRECT ANSWERS ✔✔the
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tendency toward an international integration and
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interdependency of goods, technology, |\ |\ |\ |\



information, labor, and capital, or the process of |\ |\ |\ |\ |\ |\ |\ |\



making this integration happen
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environment - CORRECT ANSWERS ✔✔all the forces |\ |\ |\ |\ |\ |\ |\



influencing the life and development of the firm
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exporting - CORRECT ANSWERS ✔✔the |\ |\ |\ |\ |\



transportation of any domestic good or service to a |\ |\ |\ |\ |\ |\ |\ |\



destination outside a country or region
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,foreign business - CORRECT ANSWERS ✔✔denotes
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the operations of a company outside its home or
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domestic market |\




Foreign Direct Investment (FDI) - CORRECT
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ANSWERS ✔✔refers to direct investments in|\ |\ |\ |\ |\ |\



equipment, structures, and organizations in a |\ |\ |\ |\ |\ |\



foreign country at a level sufficient to obtain
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significant management control |\ |\




foreign environment - CORRECT ANSWERS ✔✔refers
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to all the uncontrollable forces originating outside
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the home country that surround and influence the
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firm


importing - CORRECT ANSWERS ✔✔the |\ |\ |\ |\ |\



transportation of any good or service into a |\ |\ |\ |\ |\ |\ |\ |\



country or region, from a foreign origination point
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international business - CORRECT ANSWERS |\ |\ |\ |\ |\



✔✔business that is carried out across national |\ |\ |\ |\ |\ |\ |\



borders. includes international trade and foreign
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manufacturing

, international company (IC) - CORRECT ANSWERS |\ |\ |\ |\ |\ |\



✔✔a company with operations in multiple nations
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international environment - CORRECT ANSWERS |\ |\ |\ |\ |\



✔✔consists of the interactions between the|\ |\ |\ |\ |\ |\



domestic environmental forces and the foreign
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environmental forces, as well as interactions |\ |\ |\ |\ |\ |\



between the foreign environmental forces of two
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countries


self-reference criterion - CORRECT ANSWERS |\ |\ |\ |\ |\



✔✔unconscious reference to the manager's own |\ |\ |\ |\ |\ |\



cultural values |\




transnational corporation - CORRECT ANSWERS |\ |\ |\ |\ |\



✔✔an enterprise made up of entities in more than
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one nation, operating under a decision making
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system that allows a common strategy and
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coherent policies |\




uncontrollable forces - CORRECT ANSWERS |\ |\ |\ |\ |\



✔✔external forces management has no direct|\ |\ |\ |\ |\ |\



control over, although it can exert influence - such
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as lobbying
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