Question 1

​Opportunism fosters transaction costs.

Accepted Answer

A) True 
 B)False

Question 2

​Managers who strive to show respect for institutional context:

Accepted Answer

A)  ​Can ignore codes of conduct when outside the culture where they apply. 
B)  ​Can work to find guidelines that accommodate cultural differences. 
C)  ​Cannot accept gifts from business associates. 
D)  ​Cannot make exceptions to codes of conduct that ban bribery. 
A)  ​Can ignore codes of conduct when outside the culture where they apply. 
B)  ​Can work to find guidelines that accommodate cultural differences. 
C)  ​Cannot accept gifts from business associates. 
D)  ​Cannot make exceptions to codes of conduct that ban bribery.

Question 3

​Which of the following statements about strategy and institutions is TRUE?

Accepted Answer

A)  ​When formal institutional constraints fail,informal constraints tend to fail as well. 
B)  ​Institutions are little more than background conditions to strategic decisions. 
C)  ​The institution-based view focuses on the dynamic interaction between institutions and firms,and considers strategic choices the outcome of such interaction. 
D)  ​The institutional similarities between developed and emerging economies have propelled the institution-based view to the forefront of strategy discussions. 
A)  ​When formal institutional constraints fail,informal constraints tend to fail as well. 
B)  ​Institutions are little more than background conditions to strategic decisions. 
C)  ​The institution-based view focuses on the dynamic interaction between institutions and firms,and considers strategic choices the outcome of such interaction. 
D)  ​The institutional similarities between developed and emerging economies have propelled the institution-based view to the forefront of strategy discussions.

Question 4

The norms,principles and standards of conduct that govern behavior:

Accepted Answer

A)  Are an important part of national culture but not organizational culture. 
B)  Are private matters and not issues for formal institutions. 
C)  Have a substantial overlap with what is illegal. 
D)  Are sometimes ignored in the case of unwritten guidelines for ethical conduct. 
A)  Are an important part of national culture but not organizational culture. 
B)  Are private matters and not issues for formal institutions. 
C)  Have a substantial overlap with what is illegal. 
D)  Are sometimes ignored in the case of unwritten guidelines for ethical conduct.

Question 5

One disadvantage of relational contracting is that it may cause firms to abandon established relationships.

Accepted Answer

A) True 
 B)False

Question 6

​The global competitive accomplishments of a company such as Levi-Strauss are due in part to its domestic demand.

Accepted Answer

A) True 
 B)False

Question 7

​Firm E faces an ethical challenge and responds by accepting responsibility and doing all that is required to make the necessary changes in operations.This response is called a defensive response.

Accepted Answer

A) True 
 B)False

Question 8

Cognitive pillar refers to the internalized,taken-for-granted values and beliefs that guide individual and firm behavior.

Accepted Answer

A) True 
 B)False

Question 9

Which of the following does NOT define institutions?

Accepted Answer

A)  "Institutionally devised constraints that structure human interaction." 
B)  "Regulatory,normative and cognitive structures and activities that provide stability and meaning to social behavior." 
C)  Government of individual and firm behavior. 
D)  The "rules of the game." 
A)  "Institutionally devised constraints that structure human interaction." 
B)  "Regulatory,normative and cognitive structures and activities that provide stability and meaning to social behavior." 
C)  Government of individual and firm behavior. 
D)  The "rules of the game."

Question 10

​Which of the following is an example of a formal institution?​

Accepted Answer

A)  ​Rules. 
B)  ​Culture. 
C)  ​Ethics. 
D)  ​None of the above. 
A)  ​Rules. 
B)  ​Culture. 
C)  ​Ethics. 
D)  ​None of the above.

Question 11

Why is it not true that relying on informal connections is a strategy only relevant to firms in emerging economies and that firms in developed economies only pursue "market-based" strategies?

Accepted Answer

Even in developed economies,formal rules

Question 12

​In Porter's diamond model,factor endowments include such components as firm strategy and interfirm rivalry.

Accepted Answer

A) True 
 B)False

Question 13

The Foreign Corrupt Practices Act passed in 1977 in the United States:

Accepted Answer

A)  Gave U.S.companies a distinct advantage in conducting business with companies around the globe. 
B)  Makes no exceptions to the prohibition against bribery of foreign officials. 
C)  Means that U.S.firms exhibit systematically lower levels of corruption than other OECD firms. 
D)  Originally had little normative or cognitive support despite its regulatory "teeth." 
A)  Gave U.S.companies a distinct advantage in conducting business with companies around the globe. 
B)  Makes no exceptions to the prohibition against bribery of foreign officials. 
C)  Means that U.S.firms exhibit systematically lower levels of corruption than other OECD firms. 
D)  Originally had little normative or cognitive support despite its regulatory "teeth."

Question 14

Long-term orientation is best defined as:

Accepted Answer

A)  The degree of social inequality. 
B)  The identity of an individual is not based on the identity of his or her collective group. 
C)  Emphasis on perseverance and savings. 
D)  The extent to which people accept ambiguous situations. 
A)  The degree of social inequality. 
B)  The identity of an individual is not based on the identity of his or her collective group. 
C)  Emphasis on perseverance and savings. 
D)  The extent to which people accept ambiguous situations.

Question 15

​Company A purchases its supplies directly from a foreign company.Because of the distance between the two companies,this transaction is considered an arm's-length transaction.

Accepted Answer

A) True 
 B)False

Question 16

Striking differences between institutions in developed and emerging economies has eliminated the institution-based view from strategy discussions.

Accepted Answer

A) True 
 B)False

Question 17

The key role of institutions is increasing uncertainty for international firms.

Accepted Answer

A) True 
 B)False

Question 18

Which tends to be true of masculine cultures?

Accepted Answer

A)  May have a relative advantage in small-scale,customized manufacturing. 
B)  May be at a disadvantage in making products efficiently,well and fast. 
C)  Stereotypical manager is decisive. 
D)  Stereotypical manager is accustomed to seeking consensus. 
A)  May have a relative advantage in small-scale,customized manufacturing. 
B)  May be at a disadvantage in making products efficiently,well and fast. 
C)  Stereotypical manager is decisive. 
D)  Stereotypical manager is accustomed to seeking consensus.

Question 19

​A middle-of-the-road approach to ethics regards respect for human dignity and basic rights as an absolute minimum ethical threshold for all operations around the world.

Accepted Answer

A) True 
 B)False

Question 20

Relational contracting is not advantageous when the size of the economy is limited.

Accepted Answer

A) True 
 B)False

Opportunism fosters transaction costs.

Managers who strive to show respect for institutional context:

Which of the following statements about strategy and institutions is TRUE?

The norms,principles and standards of conduct that govern behavior:

One disadvantage of relational contracting is that it may cause firms to abandon established relationships.

The global competitive accomplishments of a company such as Levi-Strauss are due in part to its domestic demand.

Firm E faces an ethical challenge and responds by accepting responsibility and doing all that is required to make the necessary changes in operations.This response is called a defensive response.

Cognitive pillar refers to the internalized,taken-for-granted values and beliefs that guide individual and firm behavior.

Which of the following does NOT define institutions?

Which of the following is an example of a formal institution?

Why is it not true that relying on informal connections is a strategy only relevant to firms in emerging economies and that firms in developed economies only pursue "market-based" strategies?

In Porter's diamond model,factor endowments include such components as firm strategy and interfirm rivalry.

The Foreign Corrupt Practices Act passed in 1977 in the United States:

Long-term orientation is best defined as:

Company A purchases its supplies directly from a foreign company.Because of the distance between the two companies,this transaction is considered an arm's-length transaction.

Striking differences between institutions in developed and emerging economies has eliminated the institution-based view from strategy discussions.

The key role of institutions is increasing uncertainty for international firms.

Which tends to be true of masculine cultures?

A middle-of-the-road approach to ethics regards respect for human dignity and basic rights as an absolute minimum ethical threshold for all operations around the world.

Relational contracting is not advantageous when the size of the economy is limited.

Strategizing Around the Globe

Managing Industry Competition

Leveraging Resources and Capabilities

Growing and Internationalizingthe Entrepreneurial Firm

Entering Foreign Markets

Making Strategic Alliancee and Networks Work

Managing Global Competitive Dynamics

Diversifying, acquiring, and Restructuring

Strategizing, structuring, and Learningaround the World

Governing the Corporation Around the World

Strategizing With Corporate Social Responsibility

Filters

Exam 4: Emphasizing Institutions, cultures, and Ethics

​Opportunism fosters transaction costs.

​Managers who strive to show respect for institutional context:

​Which of the following statements about strategy and institutions is TRUE?

The norms,principles and standards of conduct that govern behavior:

One disadvantage of relational contracting is that it may cause firms to abandon established relationships.

​The global competitive accomplishments of a company such as Levi-Strauss are due in part to its domestic demand.

​Firm E faces an ethical challenge and responds by accepting responsibility and doing all that is required to make the necessary changes in operations.This response is called a defensive response.

Cognitive pillar refers to the internalized,taken-for-granted values and beliefs that guide individual and firm behavior.

Which of the following does NOT define institutions?

​Which of the following is an example of a formal institution?​

Why is it not true that relying on informal connections is a strategy only relevant to firms in emerging economies and that firms in developed economies only pursue "market-based" strategies?

​In Porter's diamond model,factor endowments include such components as firm strategy and interfirm rivalry.

The Foreign Corrupt Practices Act passed in 1977 in the United States:

Long-term orientation is best defined as:

​Company A purchases its supplies directly from a foreign company.Because of the distance between the two companies,this transaction is considered an arm's-length transaction.

Striking differences between institutions in developed and emerging economies has eliminated the institution-based view from strategy discussions.

The key role of institutions is increasing uncertainty for international firms.

Which tends to be true of masculine cultures?

​A middle-of-the-road approach to ethics regards respect for human dignity and basic rights as an absolute minimum ethical threshold for all operations around the world.

Relational contracting is not advantageous when the size of the economy is limited.

Strategizing Around the Globe

Managing Industry Competition

Leveraging Resources and Capabilities

Growing and Internationalizingthe Entrepreneurial Firm

Entering Foreign Markets

Making Strategic Alliancee and Networks Work

Managing Global Competitive Dynamics

Diversifying, acquiring, and Restructuring

Strategizing, structuring, and Learningaround the World

Governing the Corporation Around the World

Strategizing With Corporate Social Responsibility

Filters

Opportunism fosters transaction costs.

Managers who strive to show respect for institutional context:

Which of the following statements about strategy and institutions is TRUE?

The global competitive accomplishments of a company such as Levi-Strauss are due in part to its domestic demand.

Firm E faces an ethical challenge and responds by accepting responsibility and doing all that is required to make the necessary changes in operations.This response is called a defensive response.

Which of the following is an example of a formal institution?

In Porter's diamond model,factor endowments include such components as firm strategy and interfirm rivalry.

Company A purchases its supplies directly from a foreign company.Because of the distance between the two companies,this transaction is considered an arm's-length transaction.

A middle-of-the-road approach to ethics regards respect for human dignity and basic rights as an absolute minimum ethical threshold for all operations around the world.