Chap 1 - Chapter 01 Globalization and International Linkages True False Questions 1 The process of applying management concepts and techniques in a

Chap 1 - Chapter 01 Globalization and International...

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Chapter 01 Globalization and International Linkages True / False Questions 1. The process of applying management concepts and techniques in a multinational environment and adapting management practices to different economic, political and cultural environments is called international management. 2. Multinational corporations can be defined as firms having operations in more than one country, international sales and a nationality mix of managers and owners. 3. Internationalization is the vision of creating one world unit, a single market entity. 4. Nongovernmental organizations believe that everyone benefits from globalization, as evidenced in lower prices, greater availability of goods, better jobs and access to technology. 5. NAFTA is a free trade agreement between the United States, Canada and Mexico that has in essence removed all barriers to trade and investment between the three nations. 6. NAFTA is better integrated as a single market than the EU or the allied Asian countries. 7. As a result of the political and economic setbacks that Latin American countries periodically experience, economic growth has come to a near standstill in countries like Argentina, Chile and Venezuela. 8. Foreign investment and trade rely exclusively on MNCs exporting or setting up operations locally. 9. United States multinationals have more foreign direct investment in Germany than any other country. 10. In recent years, Canadian firms have begun investing heavily in the United States. 11. Mexican firms cannot export goods into the European community without paying a tariff. 12. After becoming a member of NAFTA, Mexico started building a maquiladora industry, which has become very strong in recent years. 13. Like most South American economies, Brazil's economy is faced with grave economic problems. Its GDP through 2006 continued to fall and inflation and unemployment increased. 14. The ultimate objective of the EU is to eliminate all trade barriers among member countries. 15. One of the ways that Russia is attempting to get its economy going is by removing many administered prices and subsidies and letting free market forces take over. 16. As a result of some continuing problems, the international business climate in Poland has not done well. 17. A keiretsu is a government agency in South Korea. 18. MITI is a South Korean government agency that identifies and ranks national commercial pursuits and guides the distribution of national resources to meet these goals. 19. Chaebols are very large, family held Korean conglomerates that have considerable political and economic power. 20. Emerging markets are developed economies that exhibit sustained economic reform and growth. 1-1
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