Question 1

Emerging markets are

Accepted Answer

A)  Located mostly in Africa and South America. 
B)  Similar to developed economies. 
C)  Those countries between developed and developing countries that present tremendous opportunities. 
D)  have free trade areas. 
A)  Located mostly in Africa and South America. 
B)  Similar to developed economies. 
C)  Those countries between developed and developing countries that present tremendous opportunities. 
D)  have free trade areas. C

Question 2

Discuss the characteristics of a next generation of multinational managers.How can you develop those characteristics through education and experience?

Accepted Answer

Answers will vary and should demonstrate how education and experience can help develop: a global mindset,emotional intelligence,a long-range perspective,the talent to motivate employees to excellence,negotiating skills,an understanding of national cultures,and a willingness to take overseas assignments.

Question 3

According to the text,the multinational company

Accepted Answer

A)  Is required to be a public corporation. 
B)  Is any company that engages in any business function across borders. 
C)  Must sell overseas to be a true multinational. 
D)  Must be large. 
A)  Is required to be a public corporation. 
B)  Is any company that engages in any business function across borders. 
C)  Must sell overseas to be a true multinational. 
D)  Must be large. B

Question 4

The European Union consists of:

Accepted Answer

A)  25 member nations,with the 26th scheduled to become a member in 2013. 
B)  26 member nations,with the 27th scheduled to become a member in 2013. 
C)  27 member nations,with the 28th scheduled to become a member in 2013. 
D)  25 member nations,with no others scheduled to become a member in 2013. 
A)  25 member nations,with the 26th scheduled to become a member in 2013. 
B)  26 member nations,with the 27th scheduled to become a member in 2013. 
C)  27 member nations,with the 28th scheduled to become a member in 2013. 
D)  25 member nations,with no others scheduled to become a member in 2013.

Question 5

Which of the following statements about globalization is false?

Accepted Answer

A)  Globalization is a simple evolutionary process. 
B)  Not all economies of the world are benefiting equally from globalization. 
C)  Terrorism,wars and SARS has limited and even reversed the effects of globalization. 
D)  All of the above statements are false. 
A)  Globalization is a simple evolutionary process. 
B)  Not all economies of the world are benefiting equally from globalization. 
C)  Terrorism,wars and SARS has limited and even reversed the effects of globalization. 
D)  All of the above statements are false.

Question 6

The free market reforms in emerging countries are creating a potential group of

Accepted Answer

A)  new competitors. 
B)  old competitors. 
C)  subsidized firms. 
D)  government companies. 
A)  new competitors. 
B)  old competitors. 
C)  subsidized firms. 
D)  government companies.

Question 7

The strategic approach to multinational management

Accepted Answer

A)  Involves the development of one strategy for all countries. 
B)  Focuses on the skills and aptitudes that the next generation of global managers will need. 
C)  Is concerned with developing strategies that deal with operating in more than one country and culture. 
D)  None of the above 
A)  Involves the development of one strategy for all countries. 
B)  Focuses on the skills and aptitudes that the next generation of global managers will need. 
C)  Is concerned with developing strategies that deal with operating in more than one country and culture. 
D)  None of the above

Question 8

According to the experts cited in your text,the next generation of global managers will need all of the following,EXCEPT:

Accepted Answer

A)  Emotional intelligence 
B)  The ability to work with people from different cultural backgrounds 
C)  Poor negotiation skills 
D)  A local mindset 
A)  Emotional intelligence 
B)  The ability to work with people from different cultural backgrounds 
C)  Poor negotiation skills 
D)  A local mindset

Question 9

The set of technical standards developed by the International Organization for Standardization are known as

Accepted Answer

A)  ISO 92. 
B)  ISO 14000. 
C)  ISO 9001: 2000. 
D)  None of the above 
A)  ISO 92. 
B)  ISO 14000. 
C)  ISO 9001: 2000. 
D)  None of the above

Question 10

Emerging markets include

Accepted Answer

A)  OECD countries. 
B)  Brazil,China,Russia,India. 
C)  Korea,Japan and USA. 
D)  Hungary,Poland,Slovakia. 
A)  OECD countries. 
B)  Brazil,China,Russia,India. 
C)  Korea,Japan and USA. 
D)  Hungary,Poland,Slovakia.

Question 11

One of the major reasons why global companies seek to develop standard products is because

Accepted Answer

A)  A standard product allows the company to save money because the same product can be sold anywhere. 
B)  A company can be more responsive to local cultural conditions. 
C)  It allows the company to invest more in research and development. 
D)  All of the above 
A)  A standard product allows the company to save money because the same product can be sold anywhere. 
B)  A company can be more responsive to local cultural conditions. 
C)  It allows the company to invest more in research and development. 
D)  All of the above

Question 12

What is corporate social responsibility? Why are firms trying to become socially responsible?

Accepted Answer

Answers will vary.Students should explai

Question 13

Multinational management is

Accepted Answer

A)  A strategy of developing similar strategies for different countries. 
B)  The trend of business expanding beyond local boundaries. 
C)  The formulation and design of management systems to successfully take advantage of international opportunities and respond to international threats. 
D)  None of the above 
A)  A strategy of developing similar strategies for different countries. 
B)  The trend of business expanding beyond local boundaries. 
C)  The formulation and design of management systems to successfully take advantage of international opportunities and respond to international threats. 
D)  None of the above

Question 14

Discuss how any company can become a multinational company.What are some of the options available to companies that allow them to use international markets and locations competitively?

Accepted Answer

Answers will vary.Students sho

Question 15

Discuss the differences between foreign trade and foreign direct investment.

Accepted Answer

Answers will vary but should demonstrate

Question 16

Which of the following would not be considered a basic source of globalization?

Accepted Answer

A)  Similar customer needs 
B)  Falling of trade barriers 
C)  Advances in communication technology 
D)  Differentiation among countries 
A)  Similar customer needs 
B)  Falling of trade barriers 
C)  Advances in communication technology 
D)  Differentiation among countries

Question 17

Global customers:

Accepted Answer

A)  Search for government-controlled enterprises. 
B)  Provide reduced government trade protection. 
C)  Search the world for their supplies without regard to national boundaries. 
D)  Encourage large firms to sell to them. 
A)  Search for government-controlled enterprises. 
B)  Provide reduced government trade protection. 
C)  Search the world for their supplies without regard to national boundaries. 
D)  Encourage large firms to sell to them.

Question 18

The two forms of risk discussed in the text include

Accepted Answer

A)  Exchange rate risk and corruption risk. 
B)  Business risk and social risk. 
C)  Sales risk and employment risk. 
D)  Economic and political risk. 
A)  Exchange rate risk and corruption risk. 
B)  Business risk and social risk. 
C)  Sales risk and employment risk. 
D)  Economic and political risk.

Question 19

Transition economies are

Accepted Answer

A)  Mature economies with substantial per capita GDP and international trade. 
B)  Led by Hong Kong,Singapore,South Korea,and Taiwan. 
C)  Countries changing from government-controlled or communistic economies to a more free market capitalism. 
D)  None of the above 
A)  Mature economies with substantial per capita GDP and international trade. 
B)  Led by Hong Kong,Singapore,South Korea,and Taiwan. 
C)  Countries changing from government-controlled or communistic economies to a more free market capitalism. 
D)  None of the above

Question 20

The best definition of multinational management includes which of these factors:

Accepted Answer

A)  The formulation of strategies and management systems. 
B)  Designed to take advantage of international opportunities. 
C)  And to respond to international threats. 
D)  All of the above. 
A)  The formulation of strategies and management systems. 
B)  Designed to take advantage of international opportunities. 
C)  And to respond to international threats. 
D)  All of the above.

Emerging markets are

Discuss the characteristics of a next generation of multinational managers.How can you develop those characteristics through education and experience?

According to the text,the multinational company

The European Union consists of:

Which of the following statements about globalization is false?

The free market reforms in emerging countries are creating a potential group of

The strategic approach to multinational management

According to the experts cited in your text,the next generation of global managers will need all of the following,EXCEPT:

The set of technical standards developed by the International Organization for Standardization are known as

Emerging markets include

One of the major reasons why global companies seek to develop standard products is because

What is corporate social responsibility? Why are firms trying to become socially responsible?

Multinational management is

Discuss how any company can become a multinational company.What are some of the options available to companies that allow them to use international markets and locations competitively?

Discuss the differences between foreign trade and foreign direct investment.

Which of the following would not be considered a basic source of globalization?

Global customers:

The two forms of risk discussed in the text include

Transition economies are

The best definition of multinational management includes which of these factors:

Culture and Multinational Management

The Institutional Context of Multinational Management

Managing Ethical and Social Responsibility Challenges in Multinational Companies

Strategic Management in the Multinational Company: Content and Formulation

Multinational and Entry-Mode Strategies: Content and Formulation

Small Businesses and International Entrepreneurship:

Organizational Design for Multinational Companies

International Strategic Alliances: Management and Design

Multinational E-Commerce: Strategies and Structures

International Human Resource Management

Hrm in the Local Context: Knowing When and How to Adapt

International Negotiation and Cross-Cultural Communication

Motivation in Multinational Companies

Leadership and Management Behavior in Multinational Companies

Filters

Exam 1: Multinational Management in a Changing World

Emerging markets are

Discuss the characteristics of a next generation of multinational managers.How can you develop those characteristics through education and experience?

According to the text,the multinational company

The European Union consists of:

Which of the following statements about globalization is false?

The free market reforms in emerging countries are creating a potential group of

The strategic approach to multinational management

According to the experts cited in your text,the next generation of global managers will need all of the following,EXCEPT:

The set of technical standards developed by the International Organization for Standardization are known as

Emerging markets include

One of the major reasons why global companies seek to develop standard products is because

What is corporate social responsibility? Why are firms trying to become socially responsible?

Multinational management is

Discuss how any company can become a multinational company.What are some of the options available to companies that allow them to use international markets and locations competitively?

Discuss the differences between foreign trade and foreign direct investment.

Which of the following would not be considered a basic source of globalization?

Global customers:

The two forms of risk discussed in the text include

Transition economies are

The best definition of multinational management includes which of these factors:

Culture and Multinational Management

The Institutional Context of Multinational Management

Managing Ethical and Social Responsibility Challenges in Multinational Companies

Strategic Management in the Multinational Company: Content and Formulation

Multinational and Entry-Mode Strategies: Content and Formulation

Small Businesses and International Entrepreneurship:

Organizational Design for Multinational Companies

International Strategic Alliances: Management and Design

Multinational E-Commerce: Strategies and Structures

International Human Resource Management

Hrm in the Local Context: Knowing When and How to Adapt

International Negotiation and Cross-Cultural Communication

Motivation in Multinational Companies

Leadership and Management Behavior in Multinational Companies

Filters