Management 3013 – 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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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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Bottom of the pyramid
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Companies that think _____ have a competitive edge
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globally
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______ places an emphasis on a worldwide perspective
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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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outsourcing
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Go RVing, a U.S. company, built a subsidiary from scratch in England. This is an example of:
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greenfield venture
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_____ aspects of management do not change when doing business internationally.
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Planning, organizing, controlling, and leading
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Language, values, religion, and education all describe which dimension in the international environment?
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sociocultural
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Cultural factors in foreign countries are _____ the political and economic factors.
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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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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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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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principled
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Which of these employee behaviors matches with the post-conventional level of personal moral development?
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empowered employees, full participation
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Most people have learned to conform to expectations of good behavior expected by colleagues, family, friends, and society. They are in what stage of moral development?
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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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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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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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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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ethics
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The obligation of 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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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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entrepreneurship
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Which of the following demographic factors distinguish entrepreneurs from others?
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they are likely the children of immigrants
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Social entrepreneurs are committed to both good business and:
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positive social change
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One of the first characteristics or points of a successful business plan is:
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demonstrate a clear, compelling vision that creates an air of excitement
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Which of the following is the most cited source of new business ideas?
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in-depth understanding of industry/profession
