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

Word-Review for Test 1-Management 425-Chapters 1-4-1 - Test...

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1 Test Review Management 425 David C. Wyld, Professor of Management Test 1
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Review for Test 1 Management 425 Chapters 1-4 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? ty 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? o Cultural practices, education and skill level of population, stages of economic development and political systems o Political systems: the system of government in a nation which are assessed 2
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according to 2 dimensions= Collectivism vs. Individualism Democratic vs. Totalitarianism 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 A form of government in which one person or political party exercises absolute control over all spheres of human life and prohibits opposing political parties. Communist version of collectivism and totalitarianism go hand in hand. Example: China has moved toward greater individual freedom in the economic sphere, but the country is still ruled by a totalitarian dictatorship that constrains political freedom Citizens are denied all the constitutional guarantees on which representative democracies are built, political repression is widespread, free and fair elections are lacking, media are heavily censored, basic civil liberties are denied, and those who question the right of rulers to rule are imprisoned or executed. 4 forms: Communist totalitarianism :version of collectivism advocating that socialism can be achieved only through totalitarian dictatorship o China, Vietnam, Laos, North Korea, Cuba Theocratic: where a party, group or individual that governs according to religious principles monopolizes political power. o
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Word-Review for Test 1-Management 425-Chapters 1-4-1 - Test...

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