Exam 4: Managing in the Global Environment

Companies from the nation of Atlantis are more efficient in the production of certain types of apparel,while companies from the U.S.are more efficient in the production of certain types of computers.Which economic theory predicts that capital would move to Atlantis and be invested there to produce apparel,while capital from around the world would flow to the United States and be invested in its innovative computer software companies?

Which of the following statements best defines uncertainty avoidance?

When new competitors enter an industry,prices in the industry typically increase.

Which of the following trade agreements was passed by the U.S.House of Representatives to eliminate tariffs on products between the United States and all countries in Central America?

Demographic forces in the environment include changes in characteristics of a population,such as gender and race.

The higher the barriers to entry in an industry,the more difficult it is to enter the task environment of that industry.

What is a tariff? Explain the reason for removing tariffs and the effects of governments raising tariffs barriers.

A tax that a government imposes on an imported good is known as a tariff.

Explain briefly a task environment.What effect does it have on managers?

Which of the following statements accurately defines brand loyalty?

The ability of employees to work by telecommuting is an example of a change in the demographic environment.

Organizations that help other organizations to sell their goods to customers are known as:

For the typical manager,opportunities and threats that result from changes in the task environment are more difficult to identify than events in the general environment.

The greater the economies of scale of existing organizations,the lower are the barriers to entry for new competitors.

Societies that are low on uncertainty avoidance such as Japan are skeptical about people whose behaviors differ from the established norm.

Organizations that produce goods that are similar to another organization's goods are known as:

Poor economic conditions make environments more complex,and managers' jobs become more difficult and demanding.

Building customer awareness of the newcomer's product is very costly in which of the following sources of barriers to entry?

Changes in the work patterns of women result in a larger percentage of mothers with children under the age of five working outside the home.In the context of general environment,this is an example of which of the following forces?

Cost advantages associated with large operations are called economies of scale.