PDF-Review for Test 1-Management 425-Chapters 1-4

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Unformatted text preview: 
 Test
Review
 Management
425
 David
C.
Wyld,
Professor
of
Management
 Test 1 
 1
 
 Review
for
Test
1

 Management
425

 Chapters
1­4
 
 Here
are
some
hints
as
to
what
topics
you
will
see
on
the
first
exam.
Of
course,
you’re
 responsible
for
all
the
chapters,
but
these
topics
will
be
on
the
test
for
sure.
Good
luck
 in
your
studying!
 
 Chapter
1
 • What
are
some
of
the
impediments
that
make
it
difficult
for
firms
to
achieve
 the
optimal
dispersion
of
their
productive
activities
to
locations
around
the
 globe?
 • What
have
technological
innovations
facilitated?
 • Know
what
the
World
Trade
Organization
and
the
World
Bank
do.
 • Many
of
the
world's
poorer
nations
suffer
from
economic
stagnation.
What
 holds
them
back?
 • What
did
a
study
by
the
OECD
find
about
income
levels
in
OECD
countries?

 • Who
leads
and
how
big
is
the
antiglobalization
effort?
 • What
has
been
the
impact
on
the
world
economy
of
the
advent
of
commercial
 jet
travel?
 • Are
barriers
to
cross‐border
trade
and
investment
are
generally
declining
or
 rising
in
today’s
world
economy?
 • How
do
you
define
a
company
as
being
an
international
business?
 • What
makes
managing
an
international
business
more
complex
than
 managing
a
strictly
domestic
firm?
 • Why
do
firms
outsource
jobs?
How
is
outsourcing
viewed
politically
(or
in
 popular
opinion)?
 
 Chapter
2
 • What
factors
cause
the
costs
of
doing
business
in
a
country
to
be
higher?
 • BIG
AREA:
Know
the
definitions
and
basic
beliefs
of
(as
well
as
variations
 upon
and
examples
of
countries
where
these
are
found
or
originated):
 o Totalitarianism

 o Communism
 o Socialism
 o Capitalism
 o Individualism
 o Collectivism
 o Democracy
 • Know
the
definitions
of
and
be
able
to
differentiate
between:

 o Patents
 o Copyrights
 o Trademarks
 
 2
 • • • • • • • o Licenses
 
Know
the
definitions
and
be
able
to
differentiate
between:

 o Legal
risk
 o Economic
risk
 o Product
risk
 o Environment
risk
 Know
the
definitions
of
and
be
able
to
differentiate
between
common
and
 civil
law.
 What
is
the
relationship
between
supply
and
demand
in
a
market
economy?
 What
is
the
HDI?
What
factors
are
incorporated
in
it?
 What
is
the
relationship
between
economic
freedom
and
economic
growth?
 What
are
international
perspectives
on
property
rights?
 What
is
the
impact
of
political
payoffs
on
the
costs
of
doing
business
in
a
 country?
 
 Chapter
3
 • BIG
AREA:
Know
the
definitions
of
and
be
able
to
differentiate
between:

 o Norms
 o Values
(and
Value
System)
 o Society
 o Culture
 • Does
Western
society
tends
to
emphasize
the
individual
or
the
group?
 • Know
the
definitions
of
and
be
able
to
differentiate
between
a
class
and
a
 caste
system?
 • What
is
meant
by
class
consciousness?
 • Know
what
is
meant
by
upward
mobility.
How
has
this
been
regarded
in
 Britain
(the
United
Kingdom)
historically?
 • Is
culture
a
static
or
evolving
concept?
 • Know
the
definitions
of
and
be
able
to
recognize
examples
of:

 o Beliefs
 o Folkways
 o Mores
 o Rites
 • What
is
the
largest
of
the
world's
major
religions?
 • In
what
parts
of
the
world
are
Christians
found?
 • Know
the
basic
definitions
and
be
able
to
differentiate
between
Hofstede's
 dimensions.

 • What
is
meant
by
a
society's
social
structure?

 • What
is
meant
by
Guanxi?
 • What
is
a
mudarabah
contract?
 
 Chapter
4
 • What
is
meant
by
the
Friedman
doctrine?
 • Know
the
formal
definition
of
business
ethics?
 • What
is
meant
by
the
utilitarian
approach
to
business
ethics?
What
are
some
 of
the
criticisms
of
this
approach?

 
 3
 • • • • • • • • 
 
 

 What
is
meant
by
an
ethical
dilemma?
 What
was
the
Apartheid
system
in
South
Africa?
 Who
are
stakeholders?
Who
constitute
the
internal
and
external
 stakeholders
of
a
company?
 How
clear
are
the
ethical
obligations
of
multinational
corporations?
 Is
what
is
considered
a
normal
business
practice
in
one
country
always
 considered
ethical
in
others?
Why
or
why
not?
 What
is
the
formal
definition
of
organizational
culture?
 What
are
the
basic
tenets
of
The
Foreign
Corrupt
Practices
Act?
 What
is
“grease
money”?

 
 4
 ...
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