Practical Introduction to Management (7th) edition chpt.1-4
Making charitable donations to benefits humankind
Experienced person who provided guidance to someone new to the work world.
A monitoring performance comparing it with goals and taking corrective actions as needed.
The ability of an organization to produce goods or services more effectively than competitor.
A business firm with operations in several countries.
Wholly Owned Subsidiary
is a foreign subsidiary that is totally owned and controlled by an organization.
The trend of the world economy toward becoming a more interdependent system
refers to the increasing tendency of the economies of the world to interact with one another as one market instead of many national markets.
is a nonprofit organization with operation in several countries
believes that their native country, culture , language, and behavior are superior to all others
Narrow view where people see things only through their own perspective
is defined as using suppliers outside the US to provide labor, goods,or services.
a company buys goods outside of the country and resells them domestically.
the use of government regulations to limit the import of goods and services.
The movement of goods and services among nations without political or economic obstruction
is a trade barrier in the form of a customs duty, or tax, levied mainly on imports.
is a complete ban on the import or export of certain products.
The practice of a foreign company’s exporting products abroad at a lower price than the price in the home market or even lower then production.
is a trade barrier in the form of a limit on the numbers of product that can be imported.
World Trade organization (WTO)
is designed to monitor and enforce trade agreements.
also known as an economic community, is a group of nations within a geographical region ;that have agreed to remove trade barriers with one another.
is a preference for doing one thing at a time.
is a preference for doing more than one thing at a time
People living or working in a foreign country.
Emphasis on ways to manage work more efficiently.
Maslow’s Hierarchy of needs theory
Self actualization, esteem, love safety, and physiological
The application to management of quantitative techniques such as statistics and computer simulations.
Focuses on using mathematics to aid in problem solving decision making. Sometimes called operations research.
are the relatively permanent and deeply held underlying beliefs and attitudes that help determine a person’s behavior.
The pattern of values within an organization withing an organization.