Question 1

Nepal belongs to which of the following regional trade alliances?

Accepted Answer

A)  ASEAN 
B)  SAARC 
C)  EU 
D)  AU 
A)  ASEAN 
B)  SAARC 
C)  EU 
D)  AU

Question 2

The World Trade Organization evolved from which of the following?

Accepted Answer

A)  Mercosur 
B)  UNIDIR 
C)  Marshall Plan 
D)  GATT 
A)  Mercosur 
B)  UNIDIR 
C)  Marshall Plan 
D)  GATT

Question 3

A New Assignment (Scenario)
Mariam was given a new assignment to head up the European division of a multinational organization. Before leaving her country to take up her new assignment she needed training to manage and understand the European division.
-Mariam also found out that in some countries, such as those in the Arab world, titles, rank, and status carry a lot of weight. These countries have high__________ .

Accepted Answer

A)  collectivist 
B)  power distance 
C)  uncertainty avoidance 
D)  nurturing 
A)  collectivist 
B)  power distance 
C)  uncertainty avoidance 
D)  nurturing

Question 4

Mexico is an example of a collectivist nation.

Accepted Answer

A) True 
 B)False

Question 5

When organizations first go international, they often start with global sourcing.

Accepted Answer

A) True 
 B)False

Question 6

Transnational corporations run their businesses from their home country.

Accepted Answer

A) True 
 B)False

Question 7

Which of the following is not a feature of a multidomestic corporation?

Accepted Answer

A)  Marketing strategies are tailored to each country's culture. 
B)  Decision making takes place at the local level. 
C)  Nationals are typically hired to run operations in each country. 
D)  Products are manufactured only in the local country. 
A)  Marketing strategies are tailored to each country's culture. 
B)  Decision making takes place at the local level. 
C)  Nationals are typically hired to run operations in each country. 
D)  Products are manufactured only in the local country.

Question 8

A domestic firm and a foreign firm sharing the cost of developing new products or building production facilities in a foreign country is called a__________ .

Accepted Answer

A)  franchising agreement 
B)  brokering agreement 
C)  joint venture 
D)  foreign subsidiary 
A)  franchising agreement 
B)  brokering agreement 
C)  joint venture 
D)  foreign subsidiary

Question 9

Which of the following describes the use of language in the Arab World?

Accepted Answer

A)  Besides Arabic, French and English are widely spoken in many Arab countries. 
B)  Besides Arabic, the Armenian language is the second spoken language in Lebanon. 
C)  Arabic is the only spoken language in most Arab countries. 
D)  Because of colonization, French is widely spoken in Bahrain. 
A)  Besides Arabic, French and English are widely spoken in many Arab countries. 
B)  Besides Arabic, the Armenian language is the second spoken language in Lebanon. 
C)  Arabic is the only spoken language in most Arab countries. 
D)  Because of colonization, French is widely spoken in Bahrain.

Question 10

First Visit Abroad (Scenario)
Bashir is excited about his first European business trip. He is confident about the trip, but is somewhat concerned about the strange habits and foreign languages he will encounter. "If only they would just speak Arabic like everyone else I know!" Bashir thinks.
-If Bashir is to become successful as a global manager, he must __________.

Accepted Answer

A)  compete internationally but remain in his own country 
B)  learn about and accept other cultures 
C)  attempt to change other cultures to Arab ways 
D)  learn to manipulate other business cultures 
A)  compete internationally but remain in his own country 
B)  learn about and accept other cultures 
C)  attempt to change other cultures to Arab ways 
D)  learn to manipulate other business cultures

Question 11

An increased level of anxiety among its people characterizes a society with high uncertainty avoidance.

Accepted Answer

A) True 
 B)False

Question 12

In the early stages of doing business internationally, managers may license or franchise to another firm the right to use their organization's brand name, technology, or product specifications.

Accepted Answer

A) True 
 B)False

Question 13

The Gulf Cooperation Council does not include __________.

Accepted Answer

A)  Kuwait 
B)  Yemen 
C)  Saudi Arabia 
D)  The UAE 
A)  Kuwait 
B)  Yemen 
C)  Saudi Arabia 
D)  The UAE

Question 14

A Foreign Alliance Talk (Scenario)
As manager of the international department for your company, you have been asked by the local Chamber of Commerce to deliver a speech on foreign trade. The chamber president even goes so far as to say "and be sure to include the EU, NAFTA, CAEU, GAFTA and all that stuff because we're afraid the economists are right -all the good jobs will have to go elsewhere." As you pour over your notes, you try to choose the best information to present in the allotted half hour.
-An important topic in your talk will be GAFTA. You want to explain that a key aim of the GAFTA agreement is to__________ .

Accepted Answer

A)  achieve complete economic integration among member states by the year 2020. 
B)  reach full liberalization of trade among member states. 
C)  negotiate collectively with China, the US, and other economic powers to improve trade terms for Arab countries. 
D)  create one economic bloc against other regional agreement such as those in the European Union 
A)  achieve complete economic integration among member states by the year 2020. 
B)  reach full liberalization of trade among member states. 
C)  negotiate collectively with China, the US, and other economic powers to improve trade terms for Arab countries. 
D)  create one economic bloc against other regional agreement such as those in the European Union

Question 15

The single EU currency is called the __________.

Accepted Answer

A)  franc- mark 
B)  pound 
C)  franc 
D)  euro 
A)  franc- mark 
B)  pound 
C)  franc 
D)  euro

Question 16

One challenge that arises out of the openness of globalization is the threat of terrorism.

Accepted Answer

A) True 
 B)False

Question 17

In a strategic alliance, both partners share the risks and rewards of the alliance.

Accepted Answer

A) True 
 B)False

Question 18

Multidomestic corporations __________.

Accepted Answer

A)  utilize decentralization to make decisions in management in local countries 
B)  follow the tastes, preferences, and values of the home country 
C)  utilize ethnocentric attitudes in financial decisions, but favor polycentric views in human resources issues 
D)  maintain operations in multiple counties, but do not allow managers in each country to make their own decisions 
A)  utilize decentralization to make decisions in management in local countries 
B)  follow the tastes, preferences, and values of the home country 
C)  utilize ethnocentric attitudes in financial decisions, but favor polycentric views in human resources issues 
D)  maintain operations in multiple counties, but do not allow managers in each country to make their own decisions

Question 19

A Company Expansion (Scenario)
You have been hired by a company to look at the best ways to move the company into the Arab market, but you have to first determine what kind of company you are dealing with.
-If the company that has hired you is really a partnership between an organization and a foreign company, in which both share resources and knowledge in developing new products, then it is a __________.

Accepted Answer

A)  franchising company 
B)  joint venture 
C)  licensing company 
D)  strategic alliance 
A)  franchising company 
B)  joint venture 
C)  licensing company 
D)  strategic alliance

Question 20

Which of the following developed a valuable framework to help managers better understand differences between national cultures?

Accepted Answer

A)  Abraham Maslow 
B)  Michael Porter 
C)  Milton Friedman 
D)  Geert Hofstede 
A)  Abraham Maslow 
B)  Michael Porter 
C)  Milton Friedman 
D)  Geert Hofstede

Nepal belongs to which of the following regional trade alliances?

The World Trade Organization evolved from which of the following?

Mexico is an example of a collectivist nation.

When organizations first go international, they often start with global sourcing.

Transnational corporations run their businesses from their home country.

Which of the following is not a feature of a multidomestic corporation?

A domestic firm and a foreign firm sharing the cost of developing new products or building production facilities in a foreign country is called a__________ .

Which of the following describes the use of language in the Arab World?

An increased level of anxiety among its people characterizes a society with high uncertainty avoidance.

In the early stages of doing business internationally, managers may license or franchise to another firm the right to use their organization's brand name, technology, or product specifications.

The Gulf Cooperation Council does not include __________.

The single EU currency is called the __________.

One challenge that arises out of the openness of globalization is the threat of terrorism.

In a strategic alliance, both partners share the risks and rewards of the alliance.

Multidomestic corporations __________.

Which of the following developed a valuable framework to help managers better understand differences between national cultures?

Introduction to Management and Organisations

Management History

Organisational Culture and Environment

Social Responsibility and Managerial Ethics

Managers As Decision-Makers

Foundations of Planning

Strategic Management

Organisational Structure and Design

Managing Human Resources

Managing Teams

Managing Change and Innovation

Understanding Individual Behaviour

Managers and Communication

Motivating Employees

Managers As Leaders

Introduction to Controlling

Managing Operations

Filters

Exam 4: Managing in a Global Environment

Nepal belongs to which of the following regional trade alliances?

The World Trade Organization evolved from which of the following?

Mexico is an example of a collectivist nation.

When organizations first go international, they often start with global sourcing.

Transnational corporations run their businesses from their home country.

Which of the following is not a feature of a multidomestic corporation?

A domestic firm and a foreign firm sharing the cost of developing new products or building production facilities in a foreign country is called a__________ .

Which of the following describes the use of language in the Arab World?

An increased level of anxiety among its people characterizes a society with high uncertainty avoidance.

In the early stages of doing business internationally, managers may license or franchise to another firm the right to use their organization's brand name, technology, or product specifications.

The Gulf Cooperation Council does not include __________.

The single EU currency is called the __________.

One challenge that arises out of the openness of globalization is the threat of terrorism.

In a strategic alliance, both partners share the risks and rewards of the alliance.

Multidomestic corporations __________.

Which of the following developed a valuable framework to help managers better understand differences between national cultures?

Introduction to Management and Organisations

Management History

Organisational Culture and Environment

Social Responsibility and Managerial Ethics

Managers As Decision-Makers

Foundations of Planning

Strategic Management

Organisational Structure and Design

Managing Human Resources

Managing Teams

Managing Change and Innovation

Understanding Individual Behaviour

Managers and Communication

Motivating Employees

Managers As Leaders

Introduction to Controlling

Managing Operations

Filters