IMS EXAM 1 – Flashcards
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Which of the following is NOT a reason why global business should be studied?
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Business conducted outside the confines of any one country is on the decline
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What defines the field of global business more than anything else?
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focus on firm performance around the globe (globalization and pendulum view)
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More than half of the world GDP growth in recent years comes from ____.
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BRIC
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An institutional framework is made up of:
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formal and informal institutions
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____ are defined as "fundamental and comprehensive changes introduced to the formal and informal rules of the game that affect organizations as players."
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institutional transitions
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____ had been embraced throughout Central and Eastern Europe and the former Soviet Union until the late 1980s.
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communists 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 correct?
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forms operating in democracies are subject to political risk
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Civil law can be best described by which of the following statements?
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it is the oldest, most influential, and most widely distributed law around the world
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A pure market economy characterized by the "invisible hand" of market forces is noted by:
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Adam Smith
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The "division of labor" thesis was first advanced by:
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Adam Smith
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Which of the following countries can be defined as a high-context culture?
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Arab and Asian countries
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Which of the following set of clusters includes ALL countries?
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Huntington Civilizations
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Which of the following dimensions does NOT accurately describe the majority firms in the United States?
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High long-term orientation
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Which of the following is the law enacted in 1977 that bans bribery to foreign officials?
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Foreign Corrupt Practices Act (FCPA)
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The greatest weakness in the fight against eradicating corruption is:
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not actually going through with is
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____ is an individual's 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 business perspective that deals with internal strengths and weaknesses is also 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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Which of the following is NOT a tangible asset?
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innovation resources and capabilities
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Which of the following in NOT an intangible asset?
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All of these are intangible assets (human resources, reputational resources, innovation resources)
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A chain of activities used in the production of goods and services that add value is a(n):
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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 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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commoditization
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Turning over an organizational activity to a domestic firm is also called:
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inshoring
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Which of the following are the four focal points of the resource-based view?
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value, rarity, organizational aspects of resources and capabilities
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The difficulty of identifying the causal determinants of successful firm performance is also called:
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causal 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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complementary 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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pretectionism
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The theory of absolute advantage is:
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A theory that suggest that under free trade, a nation gains by specializing in economic activities in which it has an absolute advantage
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The factor endowment theory is identified as:
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A theory that suggests that nations will develop comparative advantages based on their locally abundant factors
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Factor endowments, which refer to the natural and human resource repertoires, were noted by:
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Heckscher and Ohlin
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The national competitive advantage of industries depends on:
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Factor endowments, related and supporting industries, domestic demand, and firm strategy, structure and rivalry
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The birth of modern economics and the forerunner of the free trade movement are strengths and influences of:
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absolute advantages
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Which of the following is the first theory to incorporate dynamic changes in patterns of trade?
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Product Life Cycle
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Which of the following is a comparative advantage strength?
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-More realistic guidance to nations and explains patterns of trade -Lowers threshold of specialization
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What determines the success and failure of a firm's exports around the globe?
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Barriers and tariffs and diamond theory (answer on my test was all the above)
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Strategic Gap analysis
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Resources, Capabilities, potential for sustainable competitive advantages, strategy
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Cognitive Complexity
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The ability to view of multidimensional constructs in a multidimensional fashion. I am high in terms of cognitive complexity (how many shades of gray)
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ROI of earning a degree at UTD
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11.2
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How much has research productivity increased under the current UTD Dean of the JSOM?
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12 fold
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In the first week of actual competition how many of the UTD teams placed in the top 100 in the world?
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8
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Which of the following countries has the highest GDP per capita?
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Brunei, UAE, Lichtenstein, Norway
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Which of the following countries discussed in class has the lowest GDP per capita?
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Chad, Democratic of the Congo
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What is the approximate value of a Euro?
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1.37
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From the example used in class why can it be important to do research?
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Get you a job (all of the aboce was the answer on my test)
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What type of guanxi is typically the least expensive to maintain?
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family
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Cognitive Differentiation
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The ability to perceive of differences between constructs. I am high in terms of cognitive differentiation.
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A goal should have which of the following characteristics?
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Specific and obtainable
