1. Review the Terminal Course Objectives, accessed by clicking on the “Course Information” tab at the top of your screen, scrolling down to the “Course Objectives” and then selecting View class objectives. How will accomplishing these objectives support your success in management? What risks or challenges might a manager encounter if they have not mastered these objectives? Explain.
The things from this class as a manager you can learn them then apply the things to your everyday life as a manager. There are risk and failure that a manager may encounter when operating under foreign laws and regulations.
2. What is the purpose of the WTO and G8? Do you believe they are beneficial to Multi-National Companies (MNCs)?
WTO is the World Trade Organization that regulates global international trade rules between nations. The G8 is made up of eight leaders from Canada, France, Germany, Italy, Japan, Russia, UK and United State. They will hole an annual meeting yearly to foster consensus for global issues. They will talk about energy, economic growth, crisis management, global security and terrorism. WTO agreement is very beneficial to the Multi-National Companies because it help them to have power and wealth.
3. Why do you believe it is important to understand the international monetary system?
The International Monetary System will reduce the risk in exchange rates because it will establish the fix exchange between currencies. This will also help make it easy for global companies to be able manage cost and pricing. This will be used for trade between two countries.