Identify the World Trade Organization's (WTO) three main goals and explain how the WTO differs
from the General Agreement on Tariffs and Trade (GATT).
The World Trade Organization (WTO) is the international organization that enforces the rules of
Which of the following statements, if true, weakens her argument?
A) The employment rate of developed nations has been declining because of international
B) With the exposure to new technology and cultural trends, the standard of living in de
Which of the following statements, if true, strengthens Donna's argument?
A) People in low-wage nations have a high mortality rate and no access to healthcare facilities.
B) Because of the increase in employment opportunities, workers from developing coun
Summarize each benefit a company might obtain from the globalization of markets.
The globalization of markets refers to convergence in buyer preferences in markets around the world.
The benefits of the globalization of markets for companies includ
How might a company benefit from the globalization of production?
The globalization of production refers to the dispersal of production activities to locations that help
a company achieve its cost-minimization or quality-maximization objectives fo
Upon what assumption does Donna's conclusion rest?
Donne assumes that _.
A) there are no factors other than globalization which influence the economic conditions of a country
B) the welfare of individuals matters less than the economic prosperity of a nat
One argument in the debate surrounding globalization is about the inequality between nations.
Discuss the major points of the inequality between nations argument and describe how falling
barriers to trade and investment might help reduce the inequality be
Explain how technological innovation has benefitted entrepreneurs.
: Technological innovation is accelerating the pace of globalization. Significant advancements in
information technology and transportation methods are making it easier, faster, and
Describe key characteristics of a born global firm, and explain why a born global firm would be
attuned to international firm management.
International business competition has given rise to a new international entity, the born global firm
) Compare and contrast the purposes of the World Bank and the International Monetary Fund.
The World Bank is an agency created to provide financing for national economic development
efforts. The initial purpose of the World Bank was to finance Eur
Describe the global business environment and each of its four elements.
International business is special because it occurs within a dynamic, integrated system that weaves
together four distinct elements:
1. The forces of globalization: Globalizat
Globalization's impact on jobs and wages is an important topic for debate. Discuss the major
points for globalization in the jobs and wages debate, and describe how the actions of large
multinational corporations affect the issues in the jobs and wages de
Explain globalization of production and its benefits. Why should a company study international
firm management if its leadership commits to globalization of production?
Globalization of production refers to the dispersal of production activities t
Which of the following is an example of globalization of production?
A) Canadian consumers who import food products from Australia
B) A German company which sells car components to British car makers
C) A U.S. company that builds a computer hardware manuf
The three main goals of the World Trade Organization (WTO) are to help the free flow of trade,
help negotiate the further opening of markets, and _.
A) measure the extent of globalization across the world
B) settle trade disputes between its members
Crystal inc. is a multifaceted company that deals with the mining, cutting, and selling of diamonds.
It gives distributors and suppliers access to its database to place orders or restock inventories
electronically and automatically. Which of the following
To minimize the economic inequality within developing nations, studies suggest that the nations
can boost incomes of their poorest citizens by _.
A) rejecting globalization and sheltering themselves from exploitation
B) embracing globalization and integra
Which of the following statements is true of developing countries that have embraced
A) The countries have experienced an increase in life expectancy.
B) As a result of extensive commercialism, there has been a decline in personal income.
Which of the following actions can be adopted by developed nations to lessen the negative effects
A) restrict the import of goods from developing countries
B) slash agricultural subsidies that hurt the exports of developing nations
Small companies selling traditional products benefit from _.
A) the barriers to trade that restrict their products from crossing domestic boundaries
B) increased investment by foreign competitors in domestic markets
C) government policies that seek to reg
Conner is the new manager and he would like to assess the system performance within his
department. He is interested in finding out the real value of those systems put in place. What
measure is he interested in?
What type of hardware are keyboards, automatic scanning devices, and equipment that can read
magnetic ink characters?
What is the term used for the process of tracking stock indexes and markets, including purchasing
large blocks of stocks, by computerized systems?
Which of the following is an example of application software that allows you to accomplish specific
tasks, such as word processing or tabulating numbers?
Microsoft Office 2010
Company XA is looking at adding more services to its portfolio and is considering renting the
necessary infrastructure needs from external agents. What term refers to this concept?