Exam 4: Global Management: Managing Across Borders

Technology Experts is a U.S.company that specializes in IT research.It has formed a joint venture with Processor Inc. ,a Canadian organization that has a reputation of producing quality PCs,to market laptops in China,sharing the risks and rewards of starting the new enterprise together.This is an example of a(n)___.

NAFTA is a trading bloc consisting of the United States,Canada,Panama,and Mexico.

Hannah,an engineer for an oil company,is interested in working overseas at this stage of her life because she knows that foreign work experience demonstrates ____ to potential employers.

The United States imposed a ban on the import of products from Iran due to the political situation in that nation.This disallowing of imports is known as an embargo.

Over the last two years an American computer manufacturer has partnered with a technology organization in Japan to develop and produce computers and printers benefiting both organizations.This is an example of countertrading.

Ethnocentric managers believe that their native country,culture,language,and behavior _____.

Don,who owns an investment firm with customers worldwide,has witnessed how dangerous global economic interdependency can be.During a lunch meeting he mentioned to a customer,"I certainly have seen two negative effects for the United States of global economic interdependency: ___."

Free trade is the ____.

Developing a more globally interdependent system defines nationalism.

Adriana,a CEO,is interested in expanding her clothing business globally.She loves the excitement and challenge of forming something new that is totally owned and controlled by her organization,knowing that the risky investment will possibly yield a large return.Adriana's desire to form a firm that is totally owned and controlled by her company is an example of a wholly owned subsidiary.

Before you travel and conduct business abroad,spend some time learning about other patterns of interpersonal communication,such as in Afghanistan,where a man does not ask another man about his wife.

Great civilizations have had the characteristic of a strong economy,despite their communication problems.

One of the smaller but very vital trading blocs in Europe,with 27 trading partners in Europe and Africa,is the Mercosur.

A trading bloc,also known as global or local trade associations,consists of groups of global or local organizations that meet on a regular basis to market their products at trade shows or conferences.

Paul McDonald,executive director of recruitment firm Robert Half Management Resources,said,"Anyone with international experience will have a leg up,higher salary,and be more marketable."

One advantage of small companies over large organizations is the ability to make decisions more slowly and methodically if needed,which gives small companies a global advantage in terms of time and distance over large companies.

A government's seizure of a domestic or foreign company's assets is known as ____.

Licensing is when a company ____.

The World Bank is the principal organization that ______.

There are two types of tariffs: a revenue tariff,designed simply to raise money for the government;and a protective tariff,which raises the price of imported goods to make the prices of domestic products more competitive.