1. Describe the four stages of globalization with specific reference to strategic orientation, stage of development, cultural sensitivity, and manager assumptions.

2. Direct investing means that the company is involved in managing the productive assets in a foreign country. There are three options for direct investing. Name and compare these three options.

3. Identify and briefly explain at least two key factors in economic, sociocultural and political-legal environments that affect an organization.

4. Briefly explain the difference between high power distance and low power distance.

. High power distance means people accept inequality in

power among institutions, organizations, and people.

Low power distance means people expect equality in power.

5. Describe GATT and the World Trade Organization.

6. Explain NAFTA.

7. Briefly describe the social characteristic of ethnocentrism and explain how this can have an impact on the success of an international manager.

8. Briefly describe two personal challenges for global managers.

9. Define ethics and explain how the domain of ethics relates to law and free choice.

10. List the four approaches that are used to describe values for guiding ethical decision making. Briefly describe each.

11. Briefly explain the justice approach to ethics and then explain the three types of justice.

12. List and define the stages of moral development.

13. What is social responsibility? Why is it considered a difficult concept to grasp?

14. Explain the differences between principle-based statements and policy- based statement in an organization's code of ethics.

16. In what ways do plans and goals benefit an organization?

17. Compare the four levels of goals and plans.

18. Describe the purposes of goals and plans.

19. List and define the four major activities that must occur in order for management by objectives (MBO) to succeed.