Exam 1: Globalizing Business

The greatest number of opportunities for global businesses is opened at the top of the pyramid, where individuals have the greatest purchasing power.

In addition to their regular compensation, managers working abroad are awarded with

Explain how the pendulum view attempts to describe globalization as a cyclical phenomenon with many difficulties.

Global business includes both international (cross-border) activities as well as domestic business activities.

International premium is a significant pay raise awarded to expatriate employees working abroad.

The term international business always refers to business activities conducted abroad.

Explain the benefits of gaining international business experience and working as an expat.

Which of the following definitions best defines an expatriate manager?

Why study global business?

Most top managers of large firms lack significant global competence.

Which expression does the author use to describe contemporary globalization?

The global economy may be viewed as a pyramid. The growing number of opportunities at the base of the pyramid highlights the role this bottom tier will play in the years to come. How would you take advantage of this often-ignored level if you were occupying a top management position at a prominent MNE?

Which of the following is NOT a view on globalization stressed by the author?

Expatriate managers make ideal candidates for top management positions.