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:

Multiple Approach-Avoidance

Multiple approach-avoidance involves conflict situations where an individual faces several options, each with both appealing and adverse aspects.

General Adaptation Syndrome

A model that describes the body's short-term and long-term reactions to stress, consisting of three stages: alarm, resistance, and exhaustion.

Adrenaline

A hormone and neurotransmitter involved in the fight-or-flight response, increasing heart rate, muscle strength, blood pressure, and sugar metabolism.

Noradrenaline

A neurotransmitter and hormone involved in the body's response to stress, increasing heart rate and blood pressure, and part of the fight or flight response.