Exam 1: Globalization

The ________ is an agency created to regulate fixed exchange rates and enforce the rules of the international monetary system.

Globalization ________ argue that globalization and international outsourcing help to advance developing nations' economies.

________ give distributors and suppliers access to a company's database to place orders or restock inventories electronically and automatically.

The International Monetary Fund (IMF) is an agency created to regulate fixed exchange rates and enforce the rules of the international monetary system.

Key characteristics of born global firms are an ________ and knowledge-based organizational capabilities.

A multinational corporation (MNC) is a business that has ________ investments abroad in multiple countries.

Globalization may have added to nationalist sentiments and aggravated tensions between countries leading up to the First World War.

Globalization creates new risks and accentuates old ones for companies because it exposes them to new threats as well as to new opportunities.

How might a company benefit from the globalization of production?

The integrating power of globalization forces managers and their firms to be knowledgeable about the nations in which they operate.

The term ________ refers to entities cooperating across national boundaries.

Significant advancements in information technology and ________ methods are making it easier, faster, and less costly to move data, goods, and equipment around the world.

Opponents to globalization argue that it causes a "race to the bottom" in environmental conditions and regulations.

The value of all goods and services produced by a domestic economy over a one-year period is called ________.

Videoconferencing provides access to a company's computer network from distant locations using personal computers.

The drivers of globalization (technological innovation and ________) influence every element of the global business environment.

Scenario: Sabrina's Spices & Sauces Last year, Sabrina Shin started a business selling all types of spices and hot sauces. The business is small but this entrepreneur's dreams are big. Given limited demand and sales fluctuations in the domestic market, Sabrina has been considering going international. Yet she has little information, many doubts, and no guidance. -Which of the following can help Sabrina reach consumers in different corners of the world faster and cheaper?

An ________ gives distributors and suppliers access to a company's database to place orders or restock inventories electronically and automatically.

Scenario: Sabrina's Spices & Sauces Last year, Sabrina Shin started a business selling all types of spices and hot sauces. The business is small but this entrepreneur's dreams are big. Given limited demand and sales fluctuations in the domestic market, Sabrina has been considering going international. Yet she has little information, many doubts, and no guidance. -Which of the following can offer expert advice to Sabrina and is a comprehensive resource for information on federal export-assistance programs?

Some businesses can become completely immune to all events in the international business environment.