ITB 305 ITB305 Midterm Exam Part 1 Answers (Strayer)

ITB 305 ITB305 Midterm Exam Part 1 Answers (Strayer)

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ITB 305 Midterm Exam Part 1 (STRAYER)

  1. Which expression does the author use to describe contemporary globalization?
  2. Which of the following is NOT a view on globalization stressed by the author?
  3. The pendulum view of globalization is embraced by:
  4. ____ is/are measured as the sum of value added by resident firms, households, and government operating in an economy.
  5. In order to better compare/contrast costs of living in the various environments GNP/GDP may be adjusted to:
  6. How many individuals are employed by foreign-owned firms throughout the world?
  7. In order to answer the question: "What determines the success and failures of firms around the globe?," the author introduces which two core perspectives?
  8. The ____-based view suggests that in order to achieve remarkable success, a firm must possess some very rare and powerful firm-specific resources and capabilities that are the envy of their rivals around the globe.
  9. What defines the field of global business more than anything else?
  10. The government taking a "hands-off approach" is known as:
  11. Political risk is associated with political changes that may negatively impact domestic and foreign firms. Which statement about political risk is correct?
  12. A pure command economy is:
  13. ____ are defined as "fundamental and comprehensive changes introduced to the formal and informal rules of the game that affect organizations as players."
  14. More than 80 countries practice:
  15. The world's largest democracy is:
  16. ____ are exclusive legal rights of firms to use specific names, brands, and designs to differentiate their products from others.
  17. The main supportive pillar(s) for informal institutions is/are:
  18. A(n) ____ is a set of guidelines for helping a firm make ethical decisions:
  19. You as a student studying this book are advised to invest in your career by doing the following except:
  20. Which of the following is the largest religion in the world based on number of adherents?
  21. Which of the following is the law enacted in 1977 that bans bribery to foreign officials?
  22. An American firm operating in the Middle East struggles with enforcing rules against sexual discrimination against Muslim women working in its management. This is an example of:
  23. Which of the following is a factor behind English being accepted as the global business language?
  24. Which of the following countries can be defined as a high-context culture?
  25. A term that seeks to find middle ground between cultural divergence and convergence is:

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