EXAM ONE- MANA 4321 INTERNATIONAL MANAGEMENT QUESTIONS WITH CORRECT ANSWERS

EXAM ONE- MANA 4321
INTERNATIONAL MANAGEMENT

CH 1 WHAT IS GLOBALIZATION? - answer A TREND AWAY FROM INDIVIDUAL
UNITS OF DISTINCT NATIONAL ECONOMIC UNITS TO A GLOBAL MARKET

CH 1 WHAT ARE THE 2 MACRO FACTORS OF GLOBALIZATION? - answer1) THE
DECLINE OF TRADE BARRIERS TO INTERNATIONAL TRADE AND FOREIGN
DIRECT INVESTMENTS
2) TECHNOLOGICAL ADVANCEMENTS IN COMMUNICATION, INFORMATION
PROCESSING, AND TRANSPORTATION TECHNOLOGIES

CH 1 WHAT ARE GLOBAL PRODUCTS? - answer EXAMPLE; WHEN PRODUCTS
LIKE MC DONALD'S CAN NO LONGER BE CALLED "AMERICAN" PRODUCTS AS
THEY ARE NOW GLOBALLY AVAILABLE AND ACCEPTED.

CH 1 WHAT HAS FACILITATED A TREND TOWARD GLOBALIZATION? -
answerLOWERED OR DECLINING BARRIERS TO THE FREE FLOW OF GOODS,
SERVICES, AND CAPITAL.

CH 1 WHY DO WE NEED GLOBAL INSTITUTIONS? - answerTO HELP MANAGE
AND REGULATE THE GLOBAL MARKET PLACE - MULTINATIONAL TREATIES TO
GOVERN GLOBAL BUSINESS

CH 1 GIVE EXAMPLES OF A GLOBAL INSTITUTION? - answerGATT - GENERAL
AGREEMENT ON TRADE AND TARIFFS
WTO - WORLD TRADE ORG
UN- UNITED NATIONS
G-20

CH 1 LIST THE FOUR TRENDS THAT PART OF THE CHANGING DEMOGRAPHICS
OF THE GLOBAL ECONOMY - answer1) CHANGING WORLD OUTPUT AND WORLD
TRADE PICTURE
2) THE CHANGING FOREIGN DIRECT INVESTMENT PICTURE
3) The changing nature of the multinational enterprise
4) The changing world order

CH 1 HOW HAS THE U.S. CHANGED IN RESPECT TO WORLD OUTPUT? 1960 TO
2009? - answerIn 1960, the U.S. accounted for over 40% of world economic activity, but
by 2009, the U.S. accounted for just 24%

, CH 1 How Has Foreign Direct
Investment Changed Over Time? - answerIn the 1960s, U.S. firms accounted for about
two-thirds of worldwide FDI flows. Today, the United States accounts for less than one-
fifth of worldwide FDI flows

CH 1 What Is A
Multinational Enterprise? - answerMultinational enterprise (MNE) - any business that
has productive activities in two or more countries

CH 1 Describe key factors of the Changing World Order - answer1) Many former
Communist nations in Europe and Asia are now committed to democratic politics and
free market economies
2) China and Latin America are also moving toward greater free market reforms

CH 1 How Does Globalization Affect Jobs And Income? - answer1) Critics argue that
falling barriers to trade are destroying manufacturing jobs in advanced countries
2) Supporters contend that the benefits of this trend outweigh the costs

CH 2 WHAT IS POLITICAL ECONOMY OF A NATION ? - answerhow the political,
economic, and legal systems of a country are interdependent

CH 2 WHAT IS A POLITICAL SYSTEM? - answerTHE SYSTEM OF GOVERNMENT IN
A NATION

CH 2 WHAT IS COLLECTIVISM? - answerSTRESSES COLLECTIVE GOALS OVER
INDIVIDUAL GOALS, ASSOCIATED WITH SOCIALISM

CH 2 IN WHAT 2 WAYS IS SOCIALISM SPLIT IN? - answer1) COMMUNISM
2) SOCIAL DEMOCRATS

CH 2 WHAT IS COMMUNISM? - answerTHE BELIEF THAT SOCIALISM CAN ONLY
BE ACHIEVED THROUGH VIOLENT REVOLUTION AND TOTALITARIANSIM

CH 2 WHAT IS A SOCIAL DEMOCRAT? - answerTHE BELIEF THAT SOCIALISM
CAN BE ACHIEVED THROUGH DEMOCRATIC MEANS

CH 2 WHAT IS INDIVIDUALISM? - answerTHE PHILOSOPHY THAT AN INDIVIDUAL
SHOULD HAVE FREEDOM IN HIS OWN ECONOMIC AND POLITICAL PURSUITS

CH 2 WHAT IS DEMOCRACY? - answerA POLITICAL SYSTEM IN WHICH IS BY THE
PEOPLE, DIRECTLY OR THROUGH REPRESENTATION

CH 2 WHAT IS TOTALITARIANISM? - answerA GOVERNMENT IN WHICH ONE
PERSON OR POLITICAL PARTY EXERCISES ABSOLUTE CONTROL OVER ALL
SPHERES OF HUMAN LIFE AND PROHIBITS OPPOSING POLITICAL PARTIES