22 Jul The term “Emerging Economies” means:a) Purchasin
The term “Emerging Economies” means:a) Purchasing Power Parity (PPP)b) Emerging marketsc) Developing countriesd) The above b and c The Unified Framework consists of the following:a) Institution-based viewb) Resource-based viewc) Fundamental question: “What determines the success and failure of firm’s around the globe”?d) All the above The primary weapons that foreign firms employ to offset “liability of foreignness” are:a) Globalizationb) Understanding ethicsc) Understanding formal and informal institutionsd) Overwhelming resources and capabilities Although institutions do many things, their key role is to:a) Build on the “rules of the game”b) Determine the future of dictators around the globec) Increase transaction costsd) Reduce uncertainty The following drive economic development:a) Cultureb) Geographyc) Institutions d) All the above The main components of culture are:a) Businessb) Languagec) Religiond) The above b and c Culture is defined as:a) Regional and ethnic dilemmab) Something that is difficult to define, therefore does not existc) Restrictions to businessesd) Collective programming of the mind that distinguishes members of one group or category of people from another. Three approaches to managing ethics overseas are:a) Respect for human dignity and basic rightsb) Respect for local traditionsc) Respect for institutional contextd) All the above Examples of resources and capabilities that are intangible are:a) Humanb) Innovationc) Reputationald) All the above “Value chain” consists of the following series of activities:a) VRIO Frameworkb) SWOT Analysisc) Political activitiesd) Primary activities and support activities used in the production of goods and services, making them more valuable11. The idea that governments should actively protect domestic industries from imports and vigorously promote exports represents: a.Theory of absolute advantage b.Theory of mercantilism c.Protectionism d.Modern trade theories12. An economic theory that accounts for changes in the patterns of trade over time is known as: a.Strategic trade theory b.First-mover advantage theory c.Product life cycle theory d.Strategic trade policy13. The national competitive advantage of industries depends on: a.Country factor endowments and firm strategy, structure, and rivalry b.Domestic demand conditions c.Related and supporting industries d.All of these answers14. Political arguments against free trade include: a.National security and consumer perception b.Foreign policy and environmental and social responsibility c.Foreign policy and national security d.National security, consumer perception, foreign policy, and environmental and social responsibility15. A type of FDI in which firms move upstream or downstream in different value chain stages in a host county is identified as: a.horizontal FDI b.radical FDI c.vertical FDI d.FDI flow16. Agglomeration advantages stem from: a.Knowledge spillovers among closely located firms that attempt to hire individuals from competitors. b.Industry demand that creates a skilled labor force whose members may work for different firms without having to move out of the region. c.Industry demand that facilitates a pool of specialized suppliers and buyers also located in the region. d.All of these answers17. What determines Foreign Exchange Rates is:a) Relative price differences and PPP; Interests rates and money supplyb) Productivity and balance of payments; Exchange rate policiesc) Investor psychology d) All the above18. What does the term “Emerging Economies” mean?19. What is the Unified Framework for Global Business?20. What is the a “Liability of Foreignness”?21. What are the disadvantages of Globalization? (Please write down only 3 disadvantages)22. What do institutions do?23. Write down some types of political systems.24. Write 3 types of Economic Systems.25. Define “Cultural Intelligence”26. What “SWOT” stands for?27. What VRIO stands for?28. Managers needs to build firm strengths based on the VRIO frameworka) Trueb) False29. Define “Multinational Enterprise (MNE30. What the term “Political Risk” means?31. Explain why understanding cultural differences is crucial for global business.32. Cluster is a group of countries that have similar culturesa) Trueb) False33. Corruption is the abuse of public power for private benefits, usually in the form of bribery.a) Trueb) False34. Proactive strategy is a strategy that anticipates ethical challenges and addresses them before they happen.a) Trueb) False35. Outsourcing is turning over an activity to an outside supplier that will perform it on behalf of the local firm.a) Trueb) False36. Managers need to build up resources and capabilities for future competitiona) True b) False37. Why do nations trade? Here are the 8 reason for trade What are the 8 reasons for trade?1) Lower Prices 2) Greater Choice 3) Difference in resources 6) More efficient allocation of resources 4) Economies of scale 5) Increased competition 7) Source of foreign exchange 8) Political Harmony38. What are the realities of international trade?39. Explain how FDI results in ownership advantages. MNEs generally prefer ownership over licensing because ownership reduces dissemination risks, provides greater control over foreign operations, and makes firm-specific know-how easier to implement40. Why do firms become MNEs by engaging in FDI? overall, firms become MNE’s because FDI provides the three-prolonged OLI advantages that they otherwise would not obtain.41. What is the meaning of the term “Market Imperfection “ in other words “ Market Failure”? Market Failure. A situation in which the market does not allocate resources efficiently. Market failure can occur for one of three reasons. It may occur when one party has power that can prevent efficient transactions from occurring. An example is a monopoly.42. Please know the following vocabulary and terms:a) Foreign Exchange Rateb) Appreciationc) Depreciationd) Floating (flexible) exchange rate policye) Fixed Exchange Rate policyf) Capital Flightg) International Monetary Fund (IMF)h) Spreadi) Bid ratej) Offer ratek) Currency hedgingl) Strategic hedging43. Risk analysis of any country must include an analysis of its currency risks.a) Trueb) False
Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteDemy. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.
About Wridemy
We are a professional paper writing website. If you have searched a question and bumped into our website just know you are in the right place to get help in your coursework. We offer HIGH QUALITY & PLAGIARISM FREE Papers.
How It Works
To make an Order you only need to click on “Order Now” and we will direct you to our Order Page. Fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Are there Discounts?
All new clients are eligible for 20% off in their first Order. Our payment method is safe and secure.