Managment 371 Practice Ch.6-9

Managment 371

29 cards   |   Total Attempts: 185
  

Cards In This Set

Front Back
The areas described in the text as the most dominant in the global economy include:
-North America
-Western Europe
-Asia
Which of the following is the overarching goal of unification of the European Union?
Strengthen Europe's position as an economic superpower, particularly vis-a-vis the United States
Under (the) _____ member countries have agreed to adopt a common European currency called the euro?
NAFTA
To be competetitve in a global economy, Europeans must increase their level of ______?
Productivity
Which country does th etext describe as becoming the largest producer and consumer of many of the worlds goods?
China
One study found that maufacturing labor costs about _____ an hour in China, compared to ______ dollars in the United States.
Less than $1; about $25
NAFTA combined the economies of
The U.S., Canada, and Mexico
The passage of NAFTA has provided short-term benefits to which of the following industries?
-The auto industry
-Grain producers
-The financial industry
-Capital-goods suppliers
Which of the following existing agreements includes Guatemala, Honduras, and the United States?
CAFTA-DR
Which country does the text describe as having become an important provider of online computer and software support for the U.S.?
India
What are consequences of the increasing integration of the global economy?
Many compaies find their home markets under attack from foriegn competition.
Today's managers operate in an environment that is ____ complex and competitive and offers more _____.
More; opprotunities
Operating in a global marketplace is considered more complex because?
Of varying cultures and coordination of globally dispersed operations.
_______ occurs when the organization contracts with an outside provider to produce one or more of an organization's products or services.
Outsourcing
______ occurs when companies move jobs to another country, typically where wages are lower.
Offshoring