Question 1

_____ ensures that complex projects with more interdependent parts can be worked on collaboratively from anywhere.

Accepted Answer

Work-flow software enables the management and execution of work flows across different parts of an organization or team, facilitating collaboration on complex projects with interdependent parts, regardless of the geographical location of the team members.

Question 2

Who is a stakeholder and what is stakeholder analysis?

Accepted Answer

The answer of Who is a stakeholder and what is...

Question 3

International business professor Pankaj Ghemawat is of the view that one needs to use a "CAGE" analysis to study the:

Accepted Answer

CAGE analysis, developed by Pankaj Ghemawat, is a framework used to assess the impact of Cultural, Administrative, Geographic, and Economic differences on international business strategies, particularly focusing on the barriers to cross-border economic activity.

Question 4

According to Thomas Friedman, what are the three powerful forces which helped in the convergence of the 10 isolated and world-shaping events?
a.new software and increased public familiarity with the Internet
b.the incorporation of that knowledge into business and personal communication, and
c.the market influx of billions of people from Asia and the former Soviet Union who wanted to become more prosperous, fast.
Converging, these factors generated their own critical mass.The benefits of each event became greater as it merged with another event.Increased global collaboration by talented people without regard to geographic boundaries, language, or time zones created opportunity for billions of people.

Accepted Answer

The answer of According to Thomas Friedman, what are the...

Question 5

Ethics as a concept is neither a slave to law nor to science.Explain.

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Question 6

The rights-based approach ensures that an action:

Accepted Answer

The rights-based approach focuses on respecting the rights of everyone involved in a situation, ensuring that actions do not infringe upon these rights.

Question 7

The objective of a business to create long-term value and capture the greatest opportunity for its stakeholders by delivering sustainable, profitable growth in sales, earnings, and cash flow would constitute the _____ of the organization.

Accepted Answer

The objective described aligns with an economic mission, which focuses on achieving sustainable, profitable growth in sales, earnings, and cash flow for the benefit of its stakeholders.

Question 8

The virtue approach refers to the approach which ensures that an action:

Accepted Answer

The virtue approach focuses on the character and virtues of the person performing an action rather than the ethical consequences of the action itself. It emphasizes embodying and acting in accordance with one's valued character strengths.

Question 9

Which of the following refers to the approach which ensures that an action contributes most to the quality of life of the people affected?

Accepted Answer

The answer of Which of the following refers to the...

Question 10

Which approachaction would result in the greatest good for the greatest number of people and the least harm?

Accepted Answer

The utilitarian approach, which is focused on outcomes that ensure the greatest good for the greatest number of people, aims to minimize harm and maximize benefits across society. This approach evaluates actions based on their consequences, prioritizing those that offer the most positive outcomes for the majority.

Question 11

The field of _____ is a branch of philosophy that seeks virtue.

Accepted Answer

Ethics is the branch of philosophy that involves systematizing, defending, and recommending concepts of right and wrong behavior, often concerned with the determination of what is morally right and virtuous.

Question 12

The _____ approach ensures that an action treats people fairly.

Accepted Answer

The justice approach focuses on ensuring fairness and equitable treatment for all individuals, making it the correct choice for an action that aims to treat people fairly.

Question 13

Define international business.

Accepted Answer

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Question 14

What is SWOT analysis?

Accepted Answer

The answer of What is SWOT analysis?...

Question 15

Would international business be relevant to an organization if it only produced and sold its products in one country?

Accepted Answer

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Question 16

The multidomestic view is a metaphor for viewing the world's markets as:

Accepted Answer

The multidomestic view suggests that markets across the world are more different than similar, emphasizing the importance of tailoring strategies to fit the unique characteristics of each local market. This view recognizes the significant differences in consumer preferences, legal and political systems, and economic conditions across countries.

Question 17

What are nongovernmental organizations (NGOs)and why were they formed?

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Question 18

What are the three stages of global development as enumerated by Thomas Friedman in his 2005 bestseller, "The World Is Flat"?

Accepted Answer

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Question 19

When a firm makes a choice about foreign operations, it is a trade-off between local responsiveness and global efficiency.Explain.

Accepted Answer

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Question 20

Define globalization.

Accepted Answer

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Quiz 1: Introduction