Exam 5: Managing in a Global Environment

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The term top of the pyramid refers to the more than four billion people who earn the least,as defined by per capita income.

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A tendency to regard their own culture as superior and to downgrade other cultures reflects an attitude called geocentric.

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

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An MNC is managed as an integrated worldwide business system.

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The basic management functions of planning,organizing,leading and controlling are the same whether a company operates domestically or internationally.

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A nation's _____ includes the shared knowledge,beliefs,values,common modes of behaviour and ways of thinking among most members of its society.

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The degree of international involvement for the joint venture is an example of:

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Which of these is a low-context culture

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A multinational corporation typically receives at least _____% of its total sales revenues from outside the parent's home country.

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A multinational corporation typically receives more than 25 per cent of its total sales revenues from operations inside the parent's home country.

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When Harbour Trades,a Korean-based company,makes resources including technology,managerial skills and patent and trademark rights available to Nano Technologies,a Russian company thereby allowing Nano to make products similar to CBA,it is engaging in a countertrade agreement.

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When it comes to economic development,a currently developing country is also called a(n)_____.

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One of the most universal gestures is:

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With its large English-speaking population,_____ has attracted many foreign companies offering services such as call-center operations,data-processing,computer programming and IT technical support.

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The _____ is the single European currency that replaced many national currencies and has unified a huge marketplace.

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_____ places an emphasis on a worldwide perspective.

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Describe GATT and the World Trade Organization.

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When a company builds a subsidiary from scratch in a foreign country it is called a greenfield venture.

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Direct investing means that the company is involved in managing the productive assets in a foreign country.There are three options for direct investing.Name and compare these three options.

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When GATT was created in 1947,how many nations signed on

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