Fvc1 Study Guide Questions

Global Business Study Guide

In order to use this study guide effectively, answer the following questions for each competency (chapter):

Competency 3004.1.1: The Rise of Globalization

1. What are the characteristics of globalization?

2. How do major international institutions facilitate globalization?

3. Why is it important for political leaders and institutions to be transparent in responding to global competition?

4. What are key policy measures that make globalization sustainable?

5. What are ways that technology bridges the global digital divide?

6. What is the rationale of specific anti-globalization arguments?

Competency 3004.1.2: The Evolution of International Business

1. What are the benefits of trade?

2. What are the benefits of foreign investment?

3. What are the major international trade theories and what are key features of each one?

4. What is the impact of trade policy on various stakeholders such as businesses, consumers, and governments?

5. What is the rationale for managing trade?

Competency 3004.1.3: Regional Economic Integration

1. What are the costs of regional economic integration?

2. What are key aspects of economic geography?

3. What are the reasons why countries pursue regional integration?

4. What are the characteristics of each regional integration bloc?

Competency 3004.1.4: The International Flow of funds and Exchange Rates

1. What is meant by the “balance of payments” for a country?

2. What are the components of the foreign exchange market?

Competency 3004.1.5: The Cultural Environment

1. What are the critical components of culture?

2. What are the primary and secondary sources that can be used to learn about foreign countries’ cultures?

3. What are facets of culture that are significant for doing business in various countries, including East Asian, Arabian, and Latin American countries?

4. What are ways that culture influences product...