Exam 1: Introduction

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Apart from the company management, who might be the other international business stakeholders associated with a multinational organization?

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A(n) _____ is defined as somebody who sells products and services in foreign countries that are sourced from its home country.

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The virtue approach refers to the approach which ensures that an action:

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Foreign direct investment means that a firm is:

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A stakeholder refers to a person within an established business who takes direct responsibility for turning an idea into a profitable finished product through assertive risk taking and innovation.

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The first stage of global development, according to Friedman, was characterized by:

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The flat-world view is largely credited to Milton Friedman.

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Global business professionals conduct stakeholder analysis in order to understand how operations in different countries impact the overall corporate strategy.

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What are the activities undertaken by the international operations arm of an organization?

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The ideas of entrepreneurship can be applied to:

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A _____ is the central, integrated, and externally oriented concept of how an organization will achieve its performance objectives.

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Define globalization.

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A business can be a person or organization engaged in commerce with the aim of achieving a profit.

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