question

Which of the following is NOT a reason why global business should be studied?

answer

REASONS: EMPLOYABILITY, CAREER ADVANCEMENT, GLOBALIZATION

question

What defines the field of global business more than anything else?

answer

OVERALL, THE FOCUS ON FIRM PERFORMANCE AROUND THE GLOBE

question

More than half of the world GDP growth in recent years comes from

answer

EMERGING ECONOMIES: BRIC (BRAZIL, RUSSIA, INDIA, CHINA)

question

An institutional framework is made up of:

answer

INSTITUTION-BASED VIEW AND RESOURCE-BASED VIEW

question

INSTITUTION TRANSITIONS are defined as

answer

"fundamental and comprehensive changes introduced to the formal and informal rules of the game that affect organizations as players."

question

THE PENDULUM VIEW

answer

Suggests that globalization is unable to keep going in one direction. Embraced throughout Central and Eastern Europe and the former Soviet Union until the late 1980s.

question

Political risk is associated with political changes that may negatively impact domestic and foreign firms.

answer

TRUE

question

Which statement about political risk is correct?

answer

TOTALITARIAN COUNTRIES OFTEN EXPERIENCE WARS, RIOTS, PROTESTS, CHAOS, AND BREAKDOWNS, WHICH RESULT IN HIGHT POLITICAL RISK - RISK ASSOCIATED WITH POLITITCAL CHANGES THAT MAY NEGATIVELY IMPACT DOMESTIC AND FOREIGN ASSETS. FIRMS OPERATING IN DEMOCRACIES ALSO CONFRONT POLITICAL RISK. HOWEVER, SUCH RISK IS QUALITATIVELY LOWER THAN THAT IN TOTALITARIAN STATES

question

Civil law can be best described by which of the following statements?

answer

CIVIL LAW WAS DERIVED FROM ROMAN LAW AND STREGTHENED BY NAPOLEON'S FRANCE. IT IS 'THE OLDEST, THE MOST INFLUENTIAL AND THE MOST WIDELY DISTRIBUTED AROUND THE WORLD.' IT USES COMPREHENSIVE STATUES AND CODES AS PRIMARY MEANS TO FORM LEGAL JUDGMENTS. OVER 80 COUNTRIES PRACTICE CIVIL LAW. IT IS A LEGAL TRADITION THAT USES COMPREHENSIVE STATUTES AND CODES AS PRIMARY MEANS TO FORM LEGAL JUDGEMENTS. THE LAW THAT GOVERNS RELATIONS BETWEEN PERSONS AND BETWEEN PERSON AND THE GOVERNMENT.

question

A pure market economy characterized by the "invisible hand" of market forces is noted by:

answer

ADAM SMITH OF THE WEALTH OF NATIONS IN 1776

question

The "division of labor" thesis was first advanced by:

answer

IT IS ECONOMICALLY ADVANTAGEOUS FOR INDIVIDUALS AND FIRMS TO GROW AND SPECIALIZE IN ORDER TO CAPTURE THE GAINS FROM TRADE. THIS IS THE 'DIVISION OF LABOR' THESIS FIRST ADVANCED BY ADAM SMITH

question

Which of the following countries can be defined as a high-context culture?

answer

HIGH CONTEXT CULTURE IS A CULTURE IN WHICH COMMUNICATION RELIES A LOT ON THE UNDERLYING UNSPOKEN CONTEXT, WHICH IS AS IMPORTANT AS THE WORDS USED (SUCH AS ARAB AND ASIAN COUNTRIES)

question

Which of the following set of clusters includes ALL countries?

answer

HUNTINGTON CIVILIZATIONS

question

Which of the following dimensions does NOT accurately describe the majority firms in the United States?

answer

DIMENSIONS ARE LONG-TERM ORIENTATION, UNCERTAINTY AVOIDANCE, MASCULINITY, INDIVIDUALISM, AND POWER DISTANCE. THE U.S.A HAS LOW POWER DISTANCE.

question

Which of the following is the law enacted in 1977 that bans bribery to foreign officials?

answer

FOREIGN CORRUPT PRACTICES ACT (FCPA)

question

The greatest weakness in the fight against eradicating corruption is:

answer

NOT ACTUALLY GOING THROUGH WITH IT

question

CULTURAL INTELLIGENCE

answer

is an individual's ability to understand and adjust to new cultures.

question

The view in global business which deals with external opportunity threats is also called:

answer

THE INSTITUTION-BASED VIEW DEALS WITH EXTERNAL O AND T, ENABLED AND CONSTRAINED BY FORMAL AND INFORMAL RULES OF THE GAME.

question

A global business perspective that deals with internal strengths and weaknesses is also called:

answer

THE RESOURCE BASED VIEW BUILDS ON THE SWOT ANALYSIS, AND CONCENTRATES ON THE INTERNAL S AND W TO IDENTIFY AND LEVERAGE SUSTAINABLE COMPETITIVE ADVANTAGE.

question

Observable and easily quantified assets are:

answer

TANGIBLE RESOURCES AND CAPABILITIES

question

Assets hard to observe and difficult to quantify are:

answer

INTANGIBLE RESOURCES AND CAPABILITIES

question

Which of the following is NOT a tangible asset?

answer

THINGS THAT ARE TANGIBLE ARE FINANCIAL, PHYSICAL, TECHNOLOGICAL, AND ORGANIZATIONAL

question

Which of the following is NOT an intangible asset?

answer

THINGS THAT ARE INTANGIBLE ARE HUMAN, INNOVATION, AND REPUTATIONAL

question

A chain of activities used in the production of goods and services that add value is a(n):

answer

VALUE CHAIN

question

An examination as to whether a firm has the resources and capabilities to perform a particular activity in a manner superior to competitors is:

answer

BENCHMARKING

question

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:

answer

COMMODIZATION

question

Turning over an organizational activity to a domestic firm is also called:

answer

OUTSOURCING... OFFSHORING MEANS OUTSOURCING TO AN INTERNATIONAL OR FOREIGN FIRM. ONSHORING MEANS OUTSOURCING TO A DOMESTIC FIRM.

question

Which of the following are the four focal points of the resource-based view?

answer

VRIO FRAMEWORK: THE RESOURCE-BASED FRAMEWORK THAT FOCUS ON THE VALUE (V), RARITY (R), IMITABILITY (I), AND ORGANIZATIONAL (O) ASPECTS OF RESOURCES AND CAPABILITIES

question

The difficulty of identifying the causal determinants of successful firm performance is also called:

answer

CAUSAL AMBIGUITY

question

The combination of resources and assets that enables a firm to gain a competitive advantage is also called:

answer

COMPLEMENTARY ASSETS

question

Which of the following is the implication for action based on the information in this chapter?

answer

IMPLICATIONS FOR ACTION: MANAGERS NEED TO BUILD FIRM STRENTHS BASED ON THE VRIO FRAMEWORK. RELENTLESS IMITATION OR BENCHMARKING, WHILE IMPORTANT, IS NOT LIKELY TO BE A SUCCESSFUL STRATEGY. MANAGERS NEED TO BUILD UP RESOURCES AND CAPABILITIES FOR FUTURE COMPETITION. STUDENTS NEED TO MAKE THEMSELVES INTO "UNTOUCHABLES" WHOSE JOB CANNOT BE EASILY OUTSOURCED.

question

The theory of absolute advantage is:

answer

A THEORY THAT SUGGESTS THAT UNDER FREE TRADE, A NATION GAINS BY SPECIALIZING IN ECONOMIC ACTIVITIES IN WHICH IT HAS AN ABSOLUTE ADVANTAGE

question

The factor endowment theory is identified as:

answer

A THEORY THAT SUGGESTS THAT NATIONS WILL DEVELOP COMPARATIVE ADVANTAGES BASED ON THEIR LOCALLY ABUNDANT FACTORS

question

Factor endowments, which refer to the natural and human resource repertoires, were noted by:

answer

HECKSCHER-OHLIN

question

The national competitive advantage of industries depends on:

answer

FIRM STRATEGY, STRUCTURE, AND RIVALRY. COUNTRY FACTOR ENDOWMENTS. RELATED AND SUPPORTING INDUSTRIES. DOMESTIC DEMAND CONDITIONS.

question

The birth of modern economics and the forerunner of the free trade movement are strengths and influences of:

answer

ABSOLUTE ADVANTAGE

question

Which of the following is the first theory to incorporate dynamic changes in patterns of trade?

answer

PRODUCT LIFE CYCLE THEORY

question

Which of the following is a comparative advantage strength?

answer

MORE REALISTIC GUIDANCE TO NATIONS (AND THEIR FIRMS) INTERESTED IN TRADE BUT HAVING NO ABSOLUTE ADVANTAGE. IT EXPLAINS PATTERNS OF TRADE BASED ON FACTOR ENDOWMENTS.

question

What determines the success and failure of a firm's exports around the globe?

answer

A FIRMS ABILITY TO ADAPT TO CHANGE, UNDERSTAND INNATE DIFFERENCES OF ALL THE DIFFERENT CULTURES THEY WISH TO MARKET TO, AND CONSTANTLY INNOVATE

question

Strategic Gap analysis:

answer

WHAT ARE THE DIFFERENCES BETWEEN THE RESOURCES YOU NEED TO HAVE AND THE RESOURCES YOU HAVE

question

Cognitive Complexity:

answer

THE ABILITY TO VIEW OF MULTIDEMENSIONAL CONTRUCTS IN A MULTIDEMENTIONAL FASHION. VIEW DIFFERENCES WITHIN A PERSON

question

ROI of earning a degree at UTD

answer

11.2%

question

How much has research productivity increased under the current UTD Dean of the JSOM?

answer

12 FOLD

question

In the first week of actual competition how many of the UTD teams placed in the top 100 in the world?

answer

EIGHT

question

Which of the following countries has the highest GDP per capita?

answer

Brunei, United Arab Emirates, Lichtenstein, Norway

question

Which of the following countries discussed in class has the lowest GDP per capita?

answer

Chad or Democratic Republic of Congo

question

What is the approximate value of a Euro?

answer

$1.35 USD

question

From the example used in class why can it be important to do research?

answer

Increase your income, help you be more professional

question

What type of guanxi is typically the least expensive to maintain?

answer

FAMILY

question

Cognitive Differentiation

answer

the ability to tell the difference between two people

question

A goal should have which of the following characteristics?

answer

SPECIFIC, MODERATELY DIFFICULT, ACHEIVABLE

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