BUS-390 Midterm exam with answers
Controllable Forces: - CORRECT ANSWERS
✔✔Internal forces that management administers to
adapt to changes in the uncontrollable forces.
Domestic Environment - CORRECT ANSWERS ✔✔All
the uncontrollable forces originating in the home
country that surround and influence the life and
development of the firm.
Economic Globalization - CORRECT ANSWERS
✔✔The tendency toward an international
integration and interdependency of goods,
technology, information, labor and capital, or the
process of making this integration happen.
Environment - CORRECT ANSWERS ✔✔All the forces
influencing the life and development of the firm.
Exporting - CORRECT ANSWERS ✔✔The
transportation of any domestic good or service to a
destination outside a country or region.
,Foreign Business - CORRECT ANSWERS ✔✔The
operations of a company outside its home or
domestic market.
Foreign Direct Investment (FDI) - CORRECT
ANSWERS ✔✔Direct investments in equipment,
structures, and organizations in a foreign country
at a level sufficient to obtain significant
management control; does not include mere
foreign investment in stock markets.
Foreign Environment - CORRECT ANSWERS ✔✔All
the uncontrollable forces originating outside the
home country that surround and influence the firm.
Importing - CORRECT ANSWERS ✔✔The
transportation of any good or service into a
country or region, from a large origination point.
International Business - CORRECT ANSWERS
✔✔Business that is carried out across national
borders.
International Company (IC) - CORRECT ANSWERS
✔✔A company with operations in multiple nations.
, International Environment - CORRECT ANSWERS
✔✔Interaction between domestic and foreign
environmental forces, as well as interactions
between the foreign environmental forces of two
countries.
Self-reference Criterion - CORRECT ANSWERS
✔✔Unconscious reference to your own cultural
values when judging behaviors of others in a new
and different environment.
Transnational Corporation - CORRECT ANSWERS
✔✔An enterprise made up of entities in more than
one nation, operating under a decision making
system that allows a common strategy and
coherent policies.
Uncontrollable Forces - CORRECT ANSWERS ✔✔The
external forces that management has no direct
control over.
Association of Southeast Asian Nations (ASEAN) -
CORRECT ANSWERS ✔✔Agreement among
Southeast Asian nations that began as a security
agreement, grew to a free trade agreement, and is
continuing toward a common market, known as
AFTA.
Controllable Forces: - CORRECT ANSWERS
✔✔Internal forces that management administers to
adapt to changes in the uncontrollable forces.
Domestic Environment - CORRECT ANSWERS ✔✔All
the uncontrollable forces originating in the home
country that surround and influence the life and
development of the firm.
Economic Globalization - CORRECT ANSWERS
✔✔The tendency toward an international
integration and interdependency of goods,
technology, information, labor and capital, or the
process of making this integration happen.
Environment - CORRECT ANSWERS ✔✔All the forces
influencing the life and development of the firm.
Exporting - CORRECT ANSWERS ✔✔The
transportation of any domestic good or service to a
destination outside a country or region.
,Foreign Business - CORRECT ANSWERS ✔✔The
operations of a company outside its home or
domestic market.
Foreign Direct Investment (FDI) - CORRECT
ANSWERS ✔✔Direct investments in equipment,
structures, and organizations in a foreign country
at a level sufficient to obtain significant
management control; does not include mere
foreign investment in stock markets.
Foreign Environment - CORRECT ANSWERS ✔✔All
the uncontrollable forces originating outside the
home country that surround and influence the firm.
Importing - CORRECT ANSWERS ✔✔The
transportation of any good or service into a
country or region, from a large origination point.
International Business - CORRECT ANSWERS
✔✔Business that is carried out across national
borders.
International Company (IC) - CORRECT ANSWERS
✔✔A company with operations in multiple nations.
, International Environment - CORRECT ANSWERS
✔✔Interaction between domestic and foreign
environmental forces, as well as interactions
between the foreign environmental forces of two
countries.
Self-reference Criterion - CORRECT ANSWERS
✔✔Unconscious reference to your own cultural
values when judging behaviors of others in a new
and different environment.
Transnational Corporation - CORRECT ANSWERS
✔✔An enterprise made up of entities in more than
one nation, operating under a decision making
system that allows a common strategy and
coherent policies.
Uncontrollable Forces - CORRECT ANSWERS ✔✔The
external forces that management has no direct
control over.
Association of Southeast Asian Nations (ASEAN) -
CORRECT ANSWERS ✔✔Agreement among
Southeast Asian nations that began as a security
agreement, grew to a free trade agreement, and is
continuing toward a common market, known as
AFTA.
