Question 1;Laws and regulations are put in place to serve a purpose and to protect the entities and organizations that can be affected by them. Which law or regulation appears to cause significant challenges for international management? Describe why this law or regulation causes these challenges. To help support your response, consider using examples.;Your response should be at least 200 words in length. All sources used must be referenced, paraphrased and quoted material must have accompanying citations.Answer;60 points;Question 2;Globalization has tremendous influence all over the world. To succeed in the realm of international management, it is important to be able to discuss and identify the details. For this question, create your own definition for globalization. Rather than reciting the definition from another source, create your own definition by using your own words.;a. Create a definition for globalization with colloquial terminology. How would you describe it to a family member, friend, or neighbor?;b. Create a definition for globalization with scholarly terminology that you would submit to a professional organization that would be critiqued by colleagues and peers.;This question does not warrant a minimum word count and should be approached as your own creation.Answer;20 points;Question 3;Match the following items to the correct answer option.Answer;ManagementRead Answer Items for Question 3;International ManagementRead Answer Items for Question 3;Multinational Corporations (MNCs)Read Answer Items for Question 3;GlobalizationRead Answer Items for Question 3;World Trade Organization (WTO)Read Answer Items for Question 3;North American Free Trade Agreement (NAFTA)Read Answer Items for Question 3;European UnionRead Answer Items for Question 3;Market economyRead Answer Items for Question 3;Command economyRead Answer Items for Question 3;Mixed economyRead Answer Items for Question 3;IndividualismRead Answer Items for Question 3;CollectivismRead Answer Items for Question 3;SocialismRead Answer Items for Question 3;Islamic lawRead Answer Items for Question 3;Socialist lawRead Answer Items for Question 3;Common lawRead Answer Items for Question 3;Civil or code lawRead Answer Items for Question 3;Principle of sovereigntyRead Answer Items for Question 3;KeiretsuRead Answer Items for Question 3;Ministry of International Trade and Industry (MITI)Read Answer Items for Question 3;Answer;A. Provides a balance, which allows competition to thrive while the government can extend assistance to individuals or companies.;B. A free-trade agreement between the United States, Canada, and Mexico that has removed most barriers to trade and investment.;C. The global organization of countries that oversees rules and regulations for international trade and investment.;D. The process of social, political, economic, cultural, and technological integration among countries around the world.;E. The political philosophy that people should be free to pursue economic and political endeavors without constraint.;F. An organizational arrangement in Japan in which a large group of vertically integrated companies bound together by cross-ownership, interlocking directories, and social ties provide goods and services to end users.;G. A firm having operations in more than one country, international sales, and a nationality mix among managers and owners.;H. Exists when private enterprise reserves the right to own property and monitor the production and distribution of goods and services while the state simply supports competition and efficient practices.;I. An international principle of law which holds that governments have the right to rule themselves as they see fit.;J. A Japanese government agency that identifies and ranks national commercial pursuits and guides the distribution of national resources to meet these goals.;K. Process of completing activities efficiently and effectively with and through other people.;L. Law that comes from the Marxist socialist system and continues to influence regulations in countries formerly associated with the Soviet Union as well as China.;M. A political and economic community consisting of 27 member states.;N. Law that is derived from interpretations of the Qur?an and the teachings of the Prophet Muhammad.;O. Process of applying management concepts and techniques in a multinational environment and adapting management practices to different economic, political, and cultural contexts.;P. Law that derives from English law and is the foundation of legislation to the United States, Canada, and England, among other nations.;Q. Law that is derived from Roman law and is found in the non-Islamic and non-socialist countries.;R. An organization (or government) has explicit control over the price and supply of a good or service.;S. The political philosophy that views the needs or goals of society as a whole as more important than individual desires.;T. A moderate form of collectivism in which there is government ownership of institutions and profit is not the ultimate goal.
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