BUSN419 final exam (AIU)

Explain the IMF (International Monetary Fund). What is it and how does it affect international business management?

What is the World Bank? How is it different from the IMF? Why is it controversial?

Identify and explain two of the consequences of foreign investment.

According to Forbes’s article, “A 5 Step Primer for Entering an International Market,” five tips are provided to help a business enter the international market. Describe and explain, in your own words, two of these. What would happen if you, as a business, skipped these two steps when entering an international market?

Geert Hofstede is well-known as a cultural expert. Identify his 5 cultural dimensions and explain two of those. Why is it important to know and understand cultural differences? Would international business management “suffer” without this knowledge Hofstede has provided?

Five different ethical theories were described in your readings from week 8. Choose of these theories and explain why you think that theory best fits international business management and multicultural relations. How would you, as a business manager, use this theory to make decisions in the international environment?

Is it important to consider cultural differences when conducting an international human resource strategy? Why or why not?

The SUNY Levin Institute article identified cultural challenges for globalization. Choose one and explain why it is a challenge and why international business managers should be concerned about it.