Exam 17: Globalization and International Business: Going Global Isnt Just for Travelers

The possible loss of investment or control over foreign assets due to instability or political changes in foreign countries is called __________.

There are 90 members in the World Trade Organization.

McDonald's has outlets in Japan. McDonald's provides the Japanese operation with the rights to use McDonald's name, material, and processes, but the operation is owned and managed by Japanese. The Japanese operation would be considered a(n) __________.*

Which of the following approaches to international business offers the most control with the greatest risk?

Managers who are aware of international developments and competent in working across cultures are called __________ managers.

A joint venture is a form of __________ in which each partner invests in and accepts the risks and rewards of the venture.*

A joint venture arrangement normally might involve all of the following EXCEPT:

A local operation that is completely owned and controlled by a foreign company is called a(n) __________.

The two main ways of organizing multinational corporations for global operations are global __________ and global __________ structures.

When an American business is being mistreated in foreign countries, the U.S. government can help by appealing to which of the following?

A(n) __________ operates in a foreign country through co-ownership with local partners.

Most multinational corporations retain strong national identities even while operating around the world.

__________ forecasts how political events may impact foreign investments.

__________ shifts local jobs in foreign locations to take advantage of lower-wage labor in other countries.

__________ is the term used to describe places in which employees are given low wages for long hours in poor, and often unsafe, working conditions.

Host countries always complain that MNCs do not have respect for local customs.

__________ is the form of international business involving the sale of domestically made goods in foreign markets.

In global sourcing, firms purchase and sell goods and services around the world for local use.

A business that conducts commercial transactions across national boundaries is called a(n) __________ business.*

A multinational corporation is the same as a transnational corporation.