Busi 3250 Auburn Exam 1 | 2023 | 70 Questions With 100% Correct Answers | Updated & Verified

direct investment {Ans: the purchase of sufficient stock in a firm to obtain significant management control}the vast proportion of outward FDI, about two-thirds, originates from the developed countries {Ans: true}when adjusting to other cultures, the first step managers can take is to compare their current culture to another to assess its value {Ans: false}Concerns with Globalization {Ans: -has produced uneven results across nations and people -has had effects on labor and labor standard -contributed to decline in environmental and health conditions}Kluckhohn and Strobeck's Cultural Orientations {Ans: classification system for cultures based on 5 universal problems what relationship should people have to nature? what relationship should exist among individuals? what are preferred forms of human activity? what is the best way to think about time? what is the basic nature of humans?}which of the environments associated with a company refers to the uncontrollable forces originating outside the home country? {Ans: foreign}mercantilism {Ans: view metals and gold as only source of wealth and to increase wealth the government should promote exports and discourage imports}international company {Ans: company with operations in multiple nations}cultural paradox {Ans: contradictions between culture's values and what is observed}feminine cultures