Management quiz 2 – Flashcards
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The extent to which trade and investments, information, social and cultural ideas, and political cooperation flow between countries is called...
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C. Globalization
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____________ is a concept that proposes that corporations can alleviate poverty and other social ills by selling to the world's poorest people.
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C. Bottom of the pyramid
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Companies that think ______ have a competitive edge.
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A. Globally
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___________ places an emphasis on a wolrdwide perspective.
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B. Geocentric companies
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Which of the following refers to engaging in the international division of labor so as to obtain the cheapest sources of labor and supplies regardless of country?
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D. Outsourcing
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Most firms begin with which strategy to enter foreign markets?
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A. Exporting
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Go RVing, a US company, built a subsidary from scratch in England. This is an example of...
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B. Greenfield venture
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_________ aspects of management do not change when doing business internationally.
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E. All of these
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Language, values, religion, and education all describe which dimension in the international environment?
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D. Socioculture
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Cultural factors in foreign countries are ______ the political and economic factors.
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C. More perplexing than
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Which of the following refers to the code of moral principles and values that govern behaviors with respect to what is right and wrong?
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C. Ethics
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A situation that arises when all alternative choices or behaviors have been deemed undesirable because of the potentially negative ethical consequences, making it difficult to distinguish right from wrong, is considered...
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C. An ethical dilemma
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Which of the following stages is the stage of personal moral development in which an individual develops an internal set of standards and values?
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C. Principled
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Which of these employee behaviors matches with the postconventional level of personal moral development?
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A. Empowered employees, full participation
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Most people have learned to conform to expectation of good behavior expected by colleagues, family, friends, and society. They are in what stage of moral development?
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B. Conventional
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Any group within or outside the organization that has a stake in the organization's performance is called...
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C. A stakeholder
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With a philosophy of _______, managers weave environmental and social concerns into every strategic decision, revise policies and procedures to support these efforts and goals.
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A. Sustainability
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_________ is considered a decision that enables an individual or company to benefit at society's expense.
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B. An unethical behavior
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A code of _______ is a formal statement of the company's values concerning ethics and social issues.
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D. Ethics
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The obligation of the organization management to make decisions and take actions that will enhance the welfare and interests of society as well as the organization is referred to as...
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B. Social responsibility
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Which of the following is the process of starting a business venture, organizing the resources, and taking the risks?
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B. Entrepreneurship
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Which of the following demographic factors distinguish entrepreneurs from others?
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D. They are likely the children of immigrants
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Social entrepreneurs are committed to both good business and...
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C. Positive social change
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One of the first characteristics or points of a successful business plan is...
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B. demonstrate a clear, compelling vision that creates and air of excitement
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Which of the following is the most cited source of new business ideas?
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B. In depth understnaind of the industry or proffession
