AFM 131 EXAM QUESTIONS AND ANSWERS WITH COMPLETE
SOLUTIONS VERIFIED GRADED A++
What are some things to consider when doing international business?
-Competition for customers (both locally and globally)
-Business decisions (deciding where to source raw materials, talent, where to locate
facilities to be closer to resources and customers)
-Employment (how/where you work, which can be shaped by technology enabling us to
interact with colleagues around the world)
Describe ethical behaviour.
Do companies extend their values and expectations (fair wages, quality working
conditions) with those that they are associated with such as their suppliers?
Describe sustainability.
-Business practices that leave a positive impact on the environment to protect the
world for future generations
-How companies can give back to communities through philanthropic initiatives
-What a company stands for (political/social issues) as this can influence whether you
and others want to be a customer or employee of the company
What is an example of sustainability?
An approach a company could take to be socially responsible is to inspect working
conditions at supplier locations.
What are the main ideas in the toolkit to become future proof?
, -Technical soft skills
-Digital literacy
-Entrepreneurial abilities (managing uncertainties and taking risks)
-Value of creativity, problem-solving, and social intelligence (skills that remain difficult
for technology to replicate)
-Learning digital tools (attending conferences)
Describe intrapreneurship.
Entrepreneurial activity within a corporate setting, where one can help grow their
company by being creative to evolve processes or launch new products/services using
the company's existing resources and reputation.
What does IQ measure?
Intellectual capacity.
What is EQ and what does it measure?
Emotional intelligence focuses on the strength of certain soft skills and involves
developing greater self-awareness and self-control while developing the ability to
empathize and see a variety of perspectives.
Being in tune with the business world can help aspiring leaders:
-Understand the changes transforming their industry
-Anticipate future developments
-Capitalize on new opportunities
Balance of Trade
The relationship between importing and exporting.
Favourable Balance of Trade/Surplus
SOLUTIONS VERIFIED GRADED A++
What are some things to consider when doing international business?
-Competition for customers (both locally and globally)
-Business decisions (deciding where to source raw materials, talent, where to locate
facilities to be closer to resources and customers)
-Employment (how/where you work, which can be shaped by technology enabling us to
interact with colleagues around the world)
Describe ethical behaviour.
Do companies extend their values and expectations (fair wages, quality working
conditions) with those that they are associated with such as their suppliers?
Describe sustainability.
-Business practices that leave a positive impact on the environment to protect the
world for future generations
-How companies can give back to communities through philanthropic initiatives
-What a company stands for (political/social issues) as this can influence whether you
and others want to be a customer or employee of the company
What is an example of sustainability?
An approach a company could take to be socially responsible is to inspect working
conditions at supplier locations.
What are the main ideas in the toolkit to become future proof?
, -Technical soft skills
-Digital literacy
-Entrepreneurial abilities (managing uncertainties and taking risks)
-Value of creativity, problem-solving, and social intelligence (skills that remain difficult
for technology to replicate)
-Learning digital tools (attending conferences)
Describe intrapreneurship.
Entrepreneurial activity within a corporate setting, where one can help grow their
company by being creative to evolve processes or launch new products/services using
the company's existing resources and reputation.
What does IQ measure?
Intellectual capacity.
What is EQ and what does it measure?
Emotional intelligence focuses on the strength of certain soft skills and involves
developing greater self-awareness and self-control while developing the ability to
empathize and see a variety of perspectives.
Being in tune with the business world can help aspiring leaders:
-Understand the changes transforming their industry
-Anticipate future developments
-Capitalize on new opportunities
Balance of Trade
The relationship between importing and exporting.
Favourable Balance of Trade/Surplus
