University of Waterloo Final Examination
Term: Fall Student Name UW Student ID Number Year: 2007
Course Abbreviation and Number Course Title Section(s)
AFM 131 Management Sec 001 1:00-2:20 TTh Sec 002 2:30-3:50 TTh Sec 003 1:30-2:50 MW Sec 004 3:30-4:50 M
1. Which of the following is an example of a non-value adding activity in your bike's
A) Moving a partially assembled bike from one part of the production facility to
B) Painting the bike.
C) Assembling the f
Globalization impacts our daily life on economic, personal and financial levels
Good or bad for poor?
Bad: Income inequality, social unrest, dangerous
Terrorism causes trade barriers as strict borderline security is enforced
The level of gov
1. Ellen wants to start a business. She is leaning toward setting up her company as a sole
proprietorship, but she is also looking at other possibilities. Ellen has two major goals.
First, given her limited personal wea
AFM 131 Midterm
Chapter 3: competing in global markets
Why trade with other nations?
- No country can produce all products that people want and need
- Even if self-sufficient, other nations seek to trade with country in order to meet needs
of own people
Class Notes Thursday, September 17, 2015
We cant understand globalization without understanding how we got to
o 1950s and 1960s, the business culture revolved around USA.
Because of no war damage
Free Market vs. Command