IMS 3310 Test 2 – Flashcards
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Which of the following cultural theories argues that Boston is the optimal cultural climate?
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Huntington's Clash of Civilizations
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The GLOBE studies; why did Geert Hofstede increase the dimensions of his theory from 4 to 5 and then to 6?
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To include long-term orientation as IBM expanded into Asia
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On which of the following dimensions do Chinese and Americans differ the greatest?
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Long-term orientation
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Virtual Expatriates
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Does not physically relocate to host country, manages the responsibilities of the assignment through frequent business trips and the use of teleconferences and electronic communication
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Inpatriates/Impatriates
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an employee of a multinational company who is from a foreign country but transferred from a foreign subsidiary to the company headquarters
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Flexpatriates
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an employee who takes up an international assignment centered on frequent international business travel without relocating abroad
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Sabbaticals
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a period of paid leave granted to a college professor for study or travel, traditionally every seventh year
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ExHost Country Natonals
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people of non-domestic origin return to their homeland
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Reasons why global business should be studied?
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Employability; Career Advancement; Globalization
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What defines the field of global business more than anything else?
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Fundamentally about not limiting yourself to your home country but treating the entire global economy as your potential playground. Overall, the focus on the globe defines the field of IB more than anything else.
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More than half the world GDP comes from
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Emerging Economies- BRIC Brazil Russia India China
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An institutional framework is made up of:
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Formal and informal institutions governing individual and firm behaviors
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blank are defined as "fundamental and comprehensive changes introduced of the formal and informal rules of the game that affected organizations as players."
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Institutional transitions
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Blank had been embraced throughout Central and Eastern Europe and the former Soviet Union until the late 1980s.
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Communist Totalitarianism
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Political risk is associated with political changes that may negatively impact domestic and foreign firms. Which statement about political risk is true?
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Totalitarian countries often experience wars, riots, protestors, chaos, and break downs. As a result, these countries often suffer from a high level of political risk that may negative impact domestic and foreign firms.
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Civil law can be described by which of the following statements?
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Derived from roman law and strengthened by Napoleon's France. It is the oldest, most influential, and most widely distributed around the world. It uses comprehensive statutes and codes as primary means to form legal judgments.
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A pure market economy characterized by the "invisible hand" of mark forces is noted by:
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Adam Smith in the Wealth of Nations
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The division of labor thesis was first advanced by:
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Adam Smith: presence of formal market-supporting institutions encourages individuals to specials and firms to grow in size.
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Which of the following can be defined as a high context culture?
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China, Korea, Japan, Arabic
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Low Context Cultures?
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Germany
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Which of the following clusters includes all countries?
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Huntington Civilizations
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Which of the following does not accurately describe the majority of firms in the United States?
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Power Distance
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Which of the following is the law enacted in 1977 that bans bribery to foreign officials?
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The Foreign Corrupt Practices Act
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The greatest weakness in the fight against eradicating corruption is:
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Not having FCPA-type legislation enforced in every country
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Blank is an individuals ability to understand and adjust to new cultures.
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Cultural Intelligence
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The view in global business which deals with external opportunity threats is also called:
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Institution Based View
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A global perspective that deals with internal strengths and weaknesses is called:
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resource-based view
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Observable and easily quantified assets are:
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Tangible Assets
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Assets hard to observe and difficult to quantify are:
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Intangible assets
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A chain of activities used in the production of goods and services that add value is a:
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Value Chain
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An examination as to whether a firm has the resources and capabilities to perform a particular activity in a manner superior to its competitors is:
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Benchmarking
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The point at which an industry specific activity becomes common across industries and the need to keep it proprietary no longer exists is also called:
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Commodization
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Turning over an organization activity to a domestic firm performance is also called:
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Outsourcing
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Which of the following are the four focal points of the resource-based view?
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VRIO Framework - value, rarity, irritability, and organizational aspects of resources and capabilities
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The difficulty of identifying the casual determinants of the successful firm performance is also called:
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Casual ambiguity
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The combination of resources and assets that enables a firm to gain a competitive advantage is also called:
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Complimentary Assets
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Which of the following is the implication for action based on the information in this chapter?
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Implications for action: 1. Managers need to build firm strengths based on the VRIO Framework. 2. Relentless imitation or benchmarking, while important, is not likely to be a successful strategy. 3. Managers need to build up resources and capabilities for future competition. 4. Students need to make themselves into "untouchables" whose jobs cannot be outsourced.
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Strategic gap analysis:
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Resources you have Strategies to follow How to best exploit resources what you need to have
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Cognitive Complexity:
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Ability to view multidimensional constructs in a multidimensional fashion; view differences within a person
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Cognitive differentiation
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The ability to tell the difference between people
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ROI of earning a business degree at UTD:
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33.5% #1 in texas 11.2%
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How much has research productivity increased under the current UTD Dean of the JSOM
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6 Fold
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How many UTD teams placed in top 100?
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35
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Which of the following countries has the highest GDP per capita?
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Norway & Liechtenstein
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Which of the following countries has the lowest GDP per capita?
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Congo & Chad
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Approximate value of a Euro?
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$1.09
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Importance of research?
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Increase your income and advance career.
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What type of guanxi is typically the least expensive to maintain?
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family relationships
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A goal should have which of the following
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Specific, Measurable, Achievable, Realistic, Timely OR Challenging, Attainable, specific, time-limited, positive, flexible
