Question 1

_____ refers to the degree to which managers accept the inequality in authority among their supervisors and employees in their organizations.

Accepted Answer

A)  Power distance 
B)  Uncertainty avoidance 
C)  Individualism 
D)  Collectivism 
E)  Masculinity 
A)  Power distance 
B)  Uncertainty avoidance 
C)  Individualism 
D)  Collectivism 
E)  Masculinity A

Question 2

Which of the following is NOT a legal-political factor in the international environment

Accepted Answer

A)  Laws and regulations 
B)  Language 
C)  Tariffs,quotas,taxes 
D)  Political risk 
E)  Government expropriations 
A)  Laws and regulations 
B)  Language 
C)  Tariffs,quotas,taxes 
D)  Political risk 
E)  Government expropriations B

Question 3

The degree to which people accept inequality in power among institutions,organizations and people is called _____.

Accepted Answer

power distance

Question 4

A preference for a tightly knit social framework in which individuals look after one another and organizations protect their members' interests refers to _____.

Accepted Answer

The answer of A preference for a tightly knit social...

Question 5

Which of the following pairs of alternatives closely resemble each other in the amount of ownership,control and risk in international business

Accepted Answer

A)  Foreign direct investment / reselling 
B)  Wholly owned foreign affiliate / countertrade 
C)  Export / Import 
D)  Franchising //licensing 
E)  All of these 
A)  Foreign direct investment / reselling 
B)  Wholly owned foreign affiliate / countertrade 
C)  Export / Import 
D)  Franchising //licensing 
E)  All of these

Question 6

The least costly and least risky direct investment is called a greenfield venture.

Accepted Answer

A) True 
 B)False

Question 7

Social values greatly influence organizational functioning and management styles.

Accepted Answer

A) True 
 B)False

Question 8

One advantage to acquiring a wholly owned foreign affiliate is that the company that acquires it would then have complete control.

Accepted Answer

A) True 
 B)False

Question 9

Riots,revolutions,civil disorders and frequent changes in government that affect the operations of an international company shows _____ in a country.

Accepted Answer

political

Question 10

Explain NAFTA.

Accepted Answer

Taking effect in early 1994,the North Am

Question 11

Exporting,licensing and foreign direct investing are called _____ strategies because they represent ways to sell products and services in foreign markets.

Accepted Answer

A)  globalized 
B)  expansion 
C)  retrenchment 
D)  market entry 
E)  concentrated business 
A)  globalized 
B)  expansion 
C)  retrenchment 
D)  market entry 
E)  concentrated business

Question 12

Business has become a unified,global field as trade barriers fall,communication becomes faster and cheaper and consumer tastes converge.

Accepted Answer

A) True 
 B)False

Question 13

_____ means engaging in the international division of labour so that manufacturing can be done in countries with the cheapest sources of labour and supplies.

Accepted Answer

The answer of _____ means engaging in the international division...

Question 14

A company operates globally,making sales and acquiring resources in whichever state offers the best opportunities and lowest cost.The company can be called a:

Accepted Answer

A)  Stateless 
B)  Multinational 
C)  International 
D)  Domestic 
E)  Multidomestic 
A)  Stateless 
B)  Multinational 
C)  International 
D)  Domestic 
E)  Multidomestic

Question 15

_____ is a social measure used to classify countries as developed countries or emerging countries.

Accepted Answer

A)  Exchange rates 
B)  Interest rates 
C)  Gross national product 
D)  Per capita income 
E)  Inflation rates 
A)  Exchange rates 
B)  Interest rates 
C)  Gross national product 
D)  Per capita income 
E)  Inflation rates

Question 16

The extent to which trade and investments,information,social and cultural ideas and political cooperation flow between countries is called _____.

Accepted Answer

A)  standardization 
B)  industrialization 
C)  globalization 
D)  internationalism 
E)  linguistic pluralism 
A)  standardization 
B)  industrialization 
C)  globalization 
D)  internationalism 
E)  linguistic pluralism

Question 17

A country that places emphasis on fairness and values kindness would be described by the Globe Project as high in _____.

Accepted Answer

The answer of A country that places emphasis on fairness...

Question 18

List the four dimensions of national value systems identified by Hofstede.

Accepted Answer

Power distance,uncer

Question 19

A supermarket is having trouble getting the local farmers to supply it with fresh produce.This is a problem with the:

Accepted Answer

A)  metal market. 
B)  natural resource market. 
C)  infrastructure. 
D)  economy. 
E)  power dimensions. 
A)  metal market. 
B)  natural resource market. 
C)  infrastructure. 
D)  economy. 
E)  power dimensions.

Question 20

A cultural attitude marked by the tendency to regard one's own culture as superior to others is called:

Accepted Answer

A)  ethnocentrism. 
B)  polycentrism. 
C)  geocentrism 
D)  technocentrism. 
E)  none of these. 
A)  ethnocentrism. 
B)  polycentrism. 
C)  geocentrism 
D)  technocentrism. 
E)  none of these.

_____ refers to the degree to which managers accept the inequality in authority among their supervisors and employees in their organizations.

Which of the following is NOT a legal-political factor in the international environment

The degree to which people accept inequality in power among institutions,organizations and people is called _____.

A preference for a tightly knit social framework in which individuals look after one another and organizations protect their members' interests refers to _____.

Which of the following pairs of alternatives closely resemble each other in the amount of ownership,control and risk in international business

The least costly and least risky direct investment is called a greenfield venture.

Social values greatly influence organizational functioning and management styles.

One advantage to acquiring a wholly owned foreign affiliate is that the company that acquires it would then have complete control.

Riots,revolutions,civil disorders and frequent changes in government that affect the operations of an international company shows _____ in a country.

Explain NAFTA.

Exporting,licensing and foreign direct investing are called _____ strategies because they represent ways to sell products and services in foreign markets.

Business has become a unified,global field as trade barriers fall,communication becomes faster and cheaper and consumer tastes converge.

_____ means engaging in the international division of labour so that manufacturing can be done in countries with the cheapest sources of labour and supplies.

A company operates globally,making sales and acquiring resources in whichever state offers the best opportunities and lowest cost.The company can be called a:

_____ is a social measure used to classify countries as developed countries or emerging countries.

The extent to which trade and investments,information,social and cultural ideas and political cooperation flow between countries is called _____.

A country that places emphasis on fairness and values kindness would be described by the Globe Project as high in _____.

List the four dimensions of national value systems identified by Hofstede.

A supermarket is having trouble getting the local farmers to supply it with fresh produce.This is a problem with the:

A cultural attitude marked by the tendency to regard one's own culture as superior to others is called:

Introduction to Management

The Evolution of Management Thinking

The Organization and Corporate Culture

The Dynamics of Alternative Organizational Forms

Managing Ethics and Social Corporate Governance

Managerial Planning and Goal Setting

Strategy Formulation and Execution

Managerial Decision Making

Managing Small Business Start-Ups

Managing Change and Innovation

Managing Corporate Diversity

Leadership

Managing Human Resources

Managing Communication

Leading Teams

Filters

Exam 5: Managing in a Global Environment

_____ refers to the degree to which managers accept the inequality in authority among their supervisors and employees in their organizations.

Which of the following is NOT a legal-political factor in the international environment

The degree to which people accept inequality in power among institutions,organizations and people is called _____.

A preference for a tightly knit social framework in which individuals look after one another and organizations protect their members' interests refers to _____.

Which of the following pairs of alternatives closely resemble each other in the amount of ownership,control and risk in international business

The least costly and least risky direct investment is called a greenfield venture.

Social values greatly influence organizational functioning and management styles.

One advantage to acquiring a wholly owned foreign affiliate is that the company that acquires it would then have complete control.

Riots,revolutions,civil disorders and frequent changes in government that affect the operations of an international company shows _____ in a country.

Explain NAFTA.

Exporting,licensing and foreign direct investing are called _____ strategies because they represent ways to sell products and services in foreign markets.

Business has become a unified,global field as trade barriers fall,communication becomes faster and cheaper and consumer tastes converge.

_____ means engaging in the international division of labour so that manufacturing can be done in countries with the cheapest sources of labour and supplies.

A company operates globally,making sales and acquiring resources in whichever state offers the best opportunities and lowest cost.The company can be called a:

_____ is a social measure used to classify countries as developed countries or emerging countries.

The extent to which trade and investments,information,social and cultural ideas and political cooperation flow between countries is called _____.

A country that places emphasis on fairness and values kindness would be described by the Globe Project as high in _____.

List the four dimensions of national value systems identified by Hofstede.

A supermarket is having trouble getting the local farmers to supply it with fresh produce.This is a problem with the:

A cultural attitude marked by the tendency to regard one's own culture as superior to others is called:

Introduction to Management

The Evolution of Management Thinking

The Organization and Corporate Culture

The Dynamics of Alternative Organizational Forms

Managing Ethics and Social Corporate Governance

Managerial Planning and Goal Setting

Strategy Formulation and Execution

Managerial Decision Making

Managing Small Business Start-Ups

Managing Change and Innovation

Managing Corporate Diversity

Leadership

Managing Human Resources

Managing Communication

Leading Teams

Filters