Briefly discuss the factors that led to the decline of distance and cultural barriers and the impact this had upon companies operating in the global environment.
What will be an ideal response?
Historically, barriers of distance and culture closed the global environment and kept managers focused on their domestic market. A continuing stream of advances in communications and transportation technology worked to reduce the barriers of distance and culture that affected global organizations. The lowering of barriers to trade and investment and the decline of distance and culture barriers has created enormous opportunities for companies to expand the market for their goods and services through exports and investments in overseas countries. The shift toward a more open global economy has created not only more opportunities to sell goods and services in markets abroad but also the opportunity to buy more from other countries.
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Which of the following did not contribute to the 2008 financial meltdown?
A. an increase in traditional 30 year mortgages. B. the packaging/bundling of traditional mortgages to be sold as investments. C. the issuance of high-risk/subprime mortgage loans. D. the speculative bubble related to housing demand drove up prices which proved to be unsustainable.
Before licensing a particular software package, the company should test the system using _____, which is comparing actual performance against specific quantifiable criteria.
Fill in the blank(s) with the appropriate word(s).
Undercover operations should be used only when:
a. large scale fraud is likely and other investigation methods fail. b. controls are made so strict that opportunities to commit fraud are virtually impossible. c. the investigation cannot be kept a secret. d. there is a need to develop theories about what kind of fraud has occurred.
Business owners often fail to recognize the fixed costs that need to be recouped when providing service
Indicate whether the statement is true or false