BAC-201 Test #2 Ch 4, 6 and 7

A ______ allows a business to have a presence in a foreign country when laws otherwise forbid

____ are duties or taxes levied on imports; they may be used to raise money for the government

The shrinking of time and space b/c advancements make it easier to communicate around the globe

What the organization should become, also known as the "big picture" is the:

The __________ decision maker tends to over-analyze and take a long time to make decisions

Complete ban on import or export of products from a specific country(Ex: US had one with Cuba)

The _______ model of decision making explains how managers "should" make decisions

To take the easy way out of making a decision is known as:

Using suppliers outside of the US to provide labor, goods, or services

Goals set by first-line managers that assist in accomplishing daily tasks are___________ goals

The trend of the world economy toward a more interdependent system is:

Goals that are set by top management and focus on objectives for the whole organization are:

SMART goals are:

"they know best" = belief foreign managers know how to do things best

____ put a limit on the numbers of a product that can be imported.

Skills and capabilities that give an organization a competitive advantage are:

To keep cost below competitors to target a narrow market

One advantage to group decision making is:

"We know best" = belief your native country, culture, and behaviors are superior to others:

The decision making style that relies on intuition and has a high tolerance for ambiguity

To gain information about one's competitors' activities to anticipate their moves and react is

A SWOT analysis is used to monitor an organization's: