All of the Following Events and Trends Are Among the Four

question 89

Multiple Choice

All of the following events and trends are among the four major trends described in the chapter as having a major impact or effect on global business EXCEPT:

• A) the trend toward the acceptance of the free market system among developing countries in Latin America, Asia, and Eastern Europe.
• B) the rapid growth of the World Trade Organization and regional free trade areas such as NAFTA and the European Union.
• C) the burgeoning impact of the Internet and other global media on the dissolution of national borders.
• D) the trend toward decreasing OPEC profits as oil reserves decline in the 21st century.
• E) the mandate to properly manage the resources and global environment for the generations to come.

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Definitions:

Identity-Based Subgroup

A subgroup within a larger group defined by shared characteristics or identities, such as ethnicity, gender, or professional background.

Social-Group Based Identities

The aspects of an individual’s sense of self that are derived from their membership in social groups, such as cultural, ethnic, or professional groups.

X-Teams

represents a concept in organizational theory, emphasizing teams that are externally oriented, have flexible boundaries, and are highly networked.

Externally Oriented

describes an outward focus, typically pertaining to how organizations or individuals prioritize external factors or stakeholders in their decision-making processes.