Friedman's Ten World Flatteners
Globalization Concepts
Free Trade
Presentation and Process Guidelines
Random Class Facts
100
World Trade Organization
China entered into this organization to gain access to new markets and created more international competition.
100
Technology
__________ is more responsible for American job loss than outsourcing.
100
Exporters want a weak dollar while importers want a strong dollar.
Exporters want a __________ dollar while importers want a _________ dollar.
100
Professionally
It is important to dress ___________ for a presentation.
100
Vietnam
Where is Sam from?
200
11/9 and 9/11
According to Friedman these two dates are responsible for changing the global market.
200
90%
What percentage of outsourcing is to serve foreign markets?
200
Liquidity
How easy it is to sell a stock, currency, or product in the current market.
200
Eye Contact
While giving a presentation it is important to maintain _________ with the audience.
200
The University of Alabama
What college did Dr. Underwood go to for his bachelor's degree?
300
Jet Blue
What company allowed it's employees to work from home as a form of insourcing.
300
Hong Kong
According to the Index of Economic Freedom what is the easiest place to do business in the world.
300
Trade Surplus
What is called when a nation's exports exceed their imports?
300
Preparation, Preparation, Preparation.
What are the three P's needed for any good presentation.
300
Six
How many athletes are there in this class?
400
Wal-Mart
This global company is known for their expertise in their supply chain development.
400
One's passion quotient and curiosity quotient is greater than their intelligence quotient.
Explain this equation PQ + CQ > IQ
400
Hedging
What is it called when a buyer locks in an exchange rate on the forward market and avoids the risk of currency fluctuation?
400
3 times Before: Create a practice test to study with During: Actual test After: Ask questions about the problems you got wrong to gain a better understanding of the subject.
According to Dr. Underwood how many times should you take each test?
400
Italy
In what country did Dr. Underwood teach this summer?
500
1.1492-1800 Countries Expanding and Uncovering new places around the world. 2.1800-2000 Corporations initiating competition at a global level. 3.2000-Today Individuals now have the ability to compete in the world wide economy.
List the three stages of globalization according to Friedman.
500
Foreign Direct Investment is a direct investment into business in a country by another country. BMW Geer Michelin Tires Columbia Boeing Charleston
Define FDI and give at least on example of it in the state of SC.
500
Spot Exchange Rate
What is the purchase or sale of foreign currency for immediate delivery?
500
Creativity Communication Collaboration
What are the three C's required for a good group project?
500
"So tell me something fun you are doing over the weekend."
What does Dr.Underwood ask at the end of each class on Fridays?
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