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International Management: Global applications Flashcards | StudBud
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International Management: Global applications
International Management: Global applications
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Effect of Globalization on Management
Flashcards
15 cards
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Practice quiz
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Questions
15
Answers
1
The effect of globalization and inter-connectivity is illustrated by
people spending holidays in Las Vegas rather than Italy
withdrawal of US troops from Afghanistan
Investing money in a Florida Ranch
The fast spread of Covid 19
2
USMCA is the present agreement between the USA, Mexico, and Germany
True
False
3
A strong economy also strengthen your hand in International Negotiations
True
False
4
The _____ is the organization of countries that oversees regulations for international trade
UN
WTO
World Bank
NAFTA
5
_____ is the process of applying management concepts and in a multinational environment
Strategic Management
International Management
Internationalization
Globalization
6
Which country buys the most from the USA worldwide?
Canada
Japan
Mexico
Great Britain
7
The ultimate objective of the European Union is to eliminate all trade barriers among members
True
False
8
Goldman Sachs was correct in predicting that China will surpass the USA in the 2020's
YES
NO
9
Prices of Japanese goods are relative high due to _____
strong Yen
delivery time
weak Yen
Japanese perfection
10
Globalization will tend to cause prices to
unaffected
go down
free
go up
11
Monopolies are a danger to the market because they tend to stifle growth of small business.
False
True
12
India is attractive to multinationals, especially U.S. and British firms.
False
True
13
To qualify as a multinational corporation (MNC), a firm must meet all of the following criteria
international sales
all the above
mix of nationalities among managers and owners
operations in more than one country
14
General Electic, Amazon, Gaming firms are notorious for using social media to improve global sales.
False
True
15
If the US $ is strong vs. the Thai baht, the US dollar will flow to Thailand, benefitting many in Thailand.
True
False