The Authors Describe the Multinational Phase of Globalization for a Firm

question 32

Multiple Choice

The authors describe the multinational phase of globalization for a firm as one characterized by the:

• A) ownership of assets and enterprises in foreign countries.
• B) potential for international competitors or suppliers even though all accounts are with domestic firms and are denominated in dollars.
• C) imports from foreign suppliers and exports to foreign buyers.
• D) requirement that all employees be multilingual.

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Definitions:

Social Institutions

The organized and established structures in society that dictate patterns of behavior, relationships, and cultural norms.

Organic Solidarity

Unity based on role differentiation, not similarity.

Role Differentiation

The process by which members of a society or group develop specialized functions, responsibilities, or social statuses.

Collective Consciousness

The set of shared beliefs, ideas, and moral attitudes which operate as a unifying force within society.