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| A survey of CEOs of the 162 largest firms on Fortune's list of the 500 largest American corporations found that the internationally oriented courses that were viewed as being the most important for early career positions included topics related to: |
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Definition
| • international strategy and competitiveness • international legal and political issues • international negotiation • foreign language(s) |
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Term
| The increased internationalization of business requires __________ to have a basic knowledge of international business. |
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Definition
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Term
| If you already have a job, you can enhance your opportunities for international experience by: |
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Definition
| making your boss and the human resource management department personnel aware of your interest and the fact that you have studied international business. Try to meet people in the home office who work with the company's foreign subsidiaries. Take additional courses. |
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Term
| As stated in the text, an international business is: |
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Definition
| a business whose activities are carried out across national borders. |
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Term
| Foreign business denotes: |
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Definition
| the operations of a company outside its home or domestic market. |
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Term
| A multidomestic company is: |
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Definition
| an organization with multicountry affiliates, each of which formulates its own business strategy based on perceived market differences. |
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Definition
| an organization that attempts to standardize and integrate operations worldwide in all functional areas. |
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Term
| The domestic environment is composed of all the uncontrollable forces originating in the __________ that surround and influence the life and development of the firm. |
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Definition
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Term
| The kinds of forces in the foreign environment are __________ those in the domestic environment except that they occur in foreign nations. |
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Definition
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Term
| Unconscious reference to one's own cultural values when judging behavioral actions of others in a new and different environment is called: |
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Definition
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Term
| According to the Exporter Data Base, small and medium-sized enterprises accounted for ___________ of all U.S. exporters. |
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Definition
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Term
| Regarding the volume of international trade, exports of goods and services ___________ in 2010. |
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Definition
| quintupled; exceeded $18.9 trillion |
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Term
| One measure of the magnitude of international trade and how it has grown is that _____________ of everything grown or made in the world is now exported. |
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Definition
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Term
| The level of merchandise exports in 2010, worldwide, was: |
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Definition
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Term
| Between 1980 and 2010, the level of merchandise exports from Africa: |
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Definition
| increased by 250 percent. |
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Term
| More than one-half of the exports from developing countries go to __________ countries, and this proportion has been _____________ over the past 35 years. |
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Definition
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Term
| When considering where to export, advantages to managers of focusing on a nation that is already a sizable purchaser of goods coming from the home country include: |
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Definition
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Term
| When considering where to export, advantages to managers of focusing on a nation that is already a sizable purchaser of goods coming from the home country include: |
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Definition
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Term
| The three largest markets for American exports of goods in 2010 were: |
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Definition
| Canada, Mexico, and China. |
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Term
| Supporters of mercantilism: |
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Definition
| viewed accumulation of precious metals as an activity essential to a nation's welfare. |
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Term
| IMF quotas are determined by the relative size of a nation in the global economy and: |
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Definition
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Term
| The IMF initially played a central role in: |
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Definition
| setting fixed exchange rates among nations' currencies with an established par value based on gold. |
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Term
| The major function of the World Bank is to serve as a: |
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Definition
| nonprofit banking cooperative for its members to meet development needs. |
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Term
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Definition
| establish and help implement rules of trade among nations in order to increase trade flows. |
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Term
| The Doha Development Agenda is: |
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Definition
| an extended conference of the WTO initially convened in Doha. |
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Term
| The WTO has made progress on trade-related intellectual property rights (TRIPS). An example of this progress is: |
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Definition
| an agreement that property rights should not take precedence over public health. |
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Term
| Regional trade agreements such as NAFTA can be seen to impact the WTO: |
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Definition
| negatively, because they undercut the nondiscrimination principle of the WTO. |
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Term
| In a free trade area, members drop internal tariffs. External tariffs: |
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Definition
| are maintained independently by each member. |
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Term
| Economic integration often progresses: |
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Definition
in stages, from free trade area to customs union to common market.
FREE TRADE -> CUSTOMS UNION -> COMMON MARKET |
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Term
| Most African nations have their main trade relationships: |
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Definition
| with developed nations, often built on former colonial ties. |
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Term
| ASEAN began as a defensive alliance of 10 Asian nations concerned about: |
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Definition
| the spread of communism in their region. |
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Term
| Culture is a group of shared worldviews, social rules, and interpersonal dynamics that is: |
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Definition
| learned, interrelated, and shared. |
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Term
| As we use frameworks to help us understand culture, it's important to remember that frameworks: |
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Definition
| are comparative, with our own culture being the reference point. |
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Term
| Referring to Hall's high-and low-context framework, in a high-context culture: |
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Definition
| the context carries much of the communication. |
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Term
| Monochronic time is best illustrated by: |
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Definition
| university scheduling patterns. |
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Term
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Definition
| what you say tends to be what you mean, in that communication tends to be explicit. |
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Term
| Individualism-collectivism measures: |
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Definition
| the degree to which people in the culture are integrated into groups. |
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Term
| That almost everyone in the United States self-identifies as middle class suggests that: |
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Definition
| the United States measures small on the power distance dimension. |
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Term
| In a small power distance culture: |
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Definition
| first names are likely to be used in the office because the ideal is equality. |
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Term
| Uncertainty avoidance describes man's search for Truth, according to Hofstede, because: |
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Definition
| it describes how comfortable the culture's members feel in an unstructured situation. |
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Term
| The relationships among ecological, social, and economic systems in sustainable environments need to be: |
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Definition
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Term
| The stakeholder model requires businesses to think about: |
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Definition
| the network of tensions caused by competing demands. |
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Term
| Interface, the producer of Flor carpeting, has a solid record in sustainable business practice and: |
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Definition
| spins its products from petroleum. |
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Term
| Patagonia recognizes that doing business following the traditional approach, focusing on quarterly earnings, is not complete because this does not focus on: |
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Definition
| the negative impact of the business. |
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Term
| Physical barriers that have led to the development of separate languages in the same country are known as: |
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Definition
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Term
| With factor conditions, Porter's diamond model distinguishes between basic factors, those a country inherits, and: |
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Definition
| advanced factors, those a country can mold: labor and infrastructure. |
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Term
| Swiss exports are concentrated, high-density products that minimize the need for importing bulky materials because: |
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Definition
| mountain ranges increase transport costs into and out of Switzerland and limit local resources. |
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Term
| Nations whose mountains divide them into smaller regional areas include: |
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Definition
| Switzerland, Afghanistan, China, and Colombia. |
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Term
| A good example of the relationship between water supply and population concentration is: |
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Definition
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Term
| In more dense populations, international managers can expect: |
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Definition
| lower marketing and distribution costs. |
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