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Category > Business & Finance Posted 08 Aug 2023 My Price 5.00

Business 302 Foundations of Leadership Chapter 11 Quiz 3 Global Perspective of Management Definition & Concept - Quiz & Worksheet

1. All of the following are concepts that a manager with a global perspective should understand EXCEPT _____.

  1. international trade

  2. local trade

  3. multiple cultures

  4. currency exchange

2. What is commonly one of the largest costs when it comes to manufacturing?

  1. Shipping
  2. Learning a new language
  3. Labor
  4. Taxes

3. Why do many companies outsource part of their production?

  1. To avoid being impacted by tariffs.

  2. To avoid being impacted by currency exchange.

  3. To decrease their labor and production costs.

  4. To increase the quality of their products.

4. Which of the following is an example of having a global perspective?

  1. Thinking about how common products can be sourced from around the world.

  2. Thinking about how decreases in the interest rate may impact your mortgage loan.

  3. Working on Wall Street and trading in different financial papers.

  4. Having friends from many different countries and communicating with them frequently.

5. Why can the exchange rate impact the profitability of trade?

  1. Because an overvalued currency makes your economy more stable, thus enhancing your exports.

  2. Because currency exchange is difficult for consumers

  3. Because fluctuating currency values can change the profit outlook for products and services.

  4. Because the dollar is not accepted world wide

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SmartExpert
(118)
Status NEW Posted 08 Aug 2023 11:08 AM My Price 5.00

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1691493891-Chapter 11 Quiz 3 Global Perspective of Management Definition Concept - Quiz Worksheet.pdf
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