Business Strategic Management Midterm I Study Guide (Fall 2013)

Which of the following is NOT a reason why global business should be studied?
What defines the field of global business more than anything else?
More than half of the world GDP growth in recent years comes from ____.
An institutional framework is made up of:
.
____ are defined as "fundamental and comprehensive changes introduced to the
formal and informal rules of the game that affect organizations as players."
6. ____ had been embraced throughout Central and Eastern Europe and the former Soviet
Union until the late 1980s.
7. Political risk is associated with political changes that may negatively impact domestic
and foreign firms. Which statement about political risk is correct?
8. Civil law can be best described by which of the following statements?
9. A pure market economy characterized by the "invisible hand" of market forces is noted
by:
10. The "division of labor" thesis was first advanced by:
11. Which of the following countries can be defined as a high-context culture?
12. Which of the following set of clusters includes ALL countries?
13. Which of the following dimensions does NOT accurately describe the majority firms in
the United States?
14. Which of the following is the law enacted in 1977 that bans bribery to foreign officials?
15. The greatest weakness in the fight against eradicating corruption is:
16. ____ is an individual's ability to understand and adjust to new cultures.
17. The view in global business which deals with external opportunity threats is also called:
18. A global business perspective that deals with internal strengths and weaknesses is also
called:
19. Observable and easily quantified assets are:
20. Assets hard to observe and difficult to quantify are:
21. Which of the following is NOT a tangible asset?
22. Which of the following is NOT an intangible asset?
23. A chain of activities used in the production of goods and services that add value is a(n):
24. An examination as to whether a firm has the resources and capabilities to perform a
particular activity in a manner superior to competitors is:
25. The point at which an industry-specific activity becomes common across industries and
the need to keep it proprietary no longer exists is also called:
26. Turning over an organizational activity to a domestic firm is also called:
27. Which of the following are the four focal points of the resource-based view?
28. The difficulty of identifying the causal determinants of successful firm performance is
also called:
29. The combination of resources and assets that enables a firm to gain a competitive
advantage is also called:
30. Which of the following is the implication for action based on the information in this
chapter?
31. The theory of absolute advantage is:
1.
2.
3.
4.
5.

32. The factor endowment theory is identified as:

33. Factor endowments, which refer to the natural and human resource repertoires, were

noted by:
34. The national competitive advantage of industries depends on:
35. The birth of modern economics and the forerunner of the free trade movement are
strengths and influences of:
36. Which of the following is the first theory to incorporate dynamic changes in patterns of
trade?
37. Which of the following is a comparative advantage strength?
38. What determines the success and failure of a firm's exports around the globe?
39. Strategic Gap analysis
40. Cognitive Complexity
41. ROI of earning a degree at UTD
42. How much has research productivity increased under the current UTD Dean of the
JSOM?
43. In the first week of actual competition how many of the UTD teams placed in the top 100
in the world?
44. Which of the following countries has the highest GDP per capita?
45. Which of the following countries discussed in class has the lowest GDP per capita?
46. What is the approximate value of a Euro?
47. From the example used in class why can it be important to do research?
48. What type of guanxi is typically the least expensive to maintain?
49. Cognitive Differentiation
50. A goal should have which of the following characteristics?