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.

5. Describe GATT and the World Trade Organization.