Question 1

The sub-divisions of the international environment are the economic,the sociocultural and the legal-political environments.

Accepted Answer

A) True 
 B)False

Question 2

Today's companies compete in a _____.

Accepted Answer

A)  growingly domestic 
B)  low-context culture 
C)  high-context culture 
D)  Greenfield economy 
E)  borderless world 
A)  growingly domestic 
B)  low-context culture 
C)  high-context culture 
D)  Greenfield economy 
E)  borderless world

Question 3

With exporting,the corporation transfers its products for sale and its production facilities in foreign countries.

Accepted Answer

A) True 
 B)False

Question 4

Geocentric companies are truly world-oriented and favour no specific country.

Accepted Answer

A) True 
 B)False

Question 5

In the home country,a manager primarily tends to use communication to build personal and social relationships,but in the foreign subsidiary does not make extensive use of communication in this way.Based on this information,the manager most likely grew up in what type of culture

Accepted Answer

A)  Human-oriented 
B)  Passive 
C)  Assertive 
D)  Low-context 
E)  High-context 
A)  Human-oriented 
B)  Passive 
C)  Assertive 
D)  Low-context 
E)  High-context

Question 6

The global stage of corporate international development is also referred to as the stateless stage.

Accepted Answer

A) True 
 B)False

Question 7

In international business,the economic environment represents all of the following factors EXCEPT:

Accepted Answer

A)  infrastructure. 
B)  resource and product markets. 
C)  laws and regulations. 
D)  inflation. 
E)  exchange rates. 
A)  infrastructure. 
B)  resource and product markets. 
C)  laws and regulations. 
D)  inflation. 
E)  exchange rates.

Question 8

A preference for a loosely knit social framework in which individuals are expected to take care of themselves is called _____.

Accepted Answer

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

Question 9

A country's physical facilities that support its economic activities such as ports make up its _____.

Accepted Answer

A)  resource markets 
B)  infrastructure 
C)  physical markets 
D)  product markets 
E)  plants and equipment 
A)  resource markets 
B)  infrastructure 
C)  physical markets 
D)  product markets 
E)  plants and equipment

Question 10

A company designs and manufactures $50 laptops in an effort to make information technology available to poor people in places like rural Africa and rural India.This is known as what type of strategy

Accepted Answer

A)  Bottom of the pyramid strategy 
B)  Skimming the barrel strategy 
C)  Cream of the crop strategy 
D)  Top of the peak strategy 
E)  Base price strategy 
A)  Bottom of the pyramid strategy 
B)  Skimming the barrel strategy 
C)  Cream of the crop strategy 
D)  Top of the peak strategy 
E)  Base price strategy

Question 11

The risk of loss due to actions by host country governments is known as _____.

Accepted Answer

The answer of The risk of loss due to actions...

Question 12

People who value high power distances normally expect equality in power.

Accepted Answer

A) True 
 B)False

Question 13

A company receives a substantial percentage of its total sales revenues from operations outside of its home country.The company would be considered a:

Accepted Answer

A)  foreign national. 
B)  wealth fund. 
C)  multinational corporation. 
D)  family business. 
E)  None of these. 
A)  foreign national. 
B)  wealth fund. 
C)  multinational corporation. 
D)  family business. 
E)  None of these.

Question 14

The goal of the European Union is to create a powerful single market system for Europe's millions of consumers.

Accepted Answer

A) True 
 B)False

Question 15

A _____ interaction requires more time and effort because relationships have to be developed,and trust and friendship should be established first.

Accepted Answer

A)  high-context 
B)  sales 
C)  business 
D)  low-context 
E)  personal 
A)  high-context 
B)  sales 
C)  business 
D)  low-context 
E)  personal

Question 16

A form of direct investment is franchising.

Accepted Answer

A) True 
 B)False

Question 17

Political risk is defined as an organization's risk of _____ because of adverse events and actions taken by host governments against it.

Accepted Answer

A)  Loss of assets 
B)  Losing managerial control 
C)  Reduced earning power 
D)  All of the above three choices 
E)  Gaining managerial control and earning power 
A)  Loss of assets 
B)  Losing managerial control 
C)  Reduced earning power 
D)  All of the above three choices 
E)  Gaining managerial control and earning power

Question 18

A nation's _____ includes the shared knowledge,beliefs and values,as well as the common modes of behavior and ways of thinking,among members of a society.

Accepted Answer

The answer of A nation's _____ includes the shared knowledge,beliefs...

Question 19

What does the gesture of scratching one's head usually mean

Accepted Answer

A)  "I am hungry." 
B)  "I am thirsty." 
C)  "I am tired." 
D)  "I am a little confused or skeptical." 
E)  "I am available." 
A)  "I am hungry." 
B)  "I am thirsty." 
C)  "I am tired." 
D)  "I am a little confused or skeptical." 
E)  "I am available."

Question 20

The British firm joining in the joint venture:

Accepted Answer

A)  faces lower risk than if it were using a wholly-owned foreign affiliate. 
B)  enjoys greater control than is it were using the wholly-owned affiliate. 
C)  can anticipate a lower cost than a company that uses global outscoring. 
D)  all of these. 
E)  none of these. 
A)  faces lower risk than if it were using a wholly-owned foreign affiliate. 
B)  enjoys greater control than is it were using the wholly-owned affiliate. 
C)  can anticipate a lower cost than a company that uses global outscoring. 
D)  all of these. 
E)  none of these.

The sub-divisions of the international environment are the economic,the sociocultural and the legal-political environments.

Today's companies compete in a _____.

With exporting,the corporation transfers its products for sale and its production facilities in foreign countries.

Geocentric companies are truly world-oriented and favour no specific country.

In the home country,a manager primarily tends to use communication to build personal and social relationships,but in the foreign subsidiary does not make extensive use of communication in this way.Based on this information,the manager most likely grew up in what type of culture

The global stage of corporate international development is also referred to as the stateless stage.

In international business,the economic environment represents all of the following factors EXCEPT:

A preference for a loosely knit social framework in which individuals are expected to take care of themselves is called _____.

A country's physical facilities that support its economic activities such as ports make up its _____.

A company designs and manufactures $50 laptops in an effort to make information technology available to poor people in places like rural Africa and rural India.This is known as what type of strategy

The risk of loss due to actions by host country governments is known as _____.

People who value high power distances normally expect equality in power.

A company receives a substantial percentage of its total sales revenues from operations outside of its home country.The company would be considered a:

The goal of the European Union is to create a powerful single market system for Europe's millions of consumers.

A _____ interaction requires more time and effort because relationships have to be developed,and trust and friendship should be established first.

A form of direct investment is franchising.

Political risk is defined as an organization's risk of _____ because of adverse events and actions taken by host governments against it.

A nation's _____ includes the shared knowledge,beliefs and values,as well as the common modes of behavior and ways of thinking,among members of a society.

What does the gesture of scratching one's head usually mean

The British firm joining in the joint venture:

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

The sub-divisions of the international environment are the economic,the sociocultural and the legal-political environments.

Today's companies compete in a _____.

With exporting,the corporation transfers its products for sale and its production facilities in foreign countries.

Geocentric companies are truly world-oriented and favour no specific country.

In the home country,a manager primarily tends to use communication to build personal and social relationships,but in the foreign subsidiary does not make extensive use of communication in this way.Based on this information,the manager most likely grew up in what type of culture

The global stage of corporate international development is also referred to as the stateless stage.

In international business,the economic environment represents all of the following factors EXCEPT:

A preference for a loosely knit social framework in which individuals are expected to take care of themselves is called _____.

A country's physical facilities that support its economic activities such as ports make up its _____.

A company designs and manufactures $50 laptops in an effort to make information technology available to poor people in places like rural Africa and rural India.This is known as what type of strategy

The risk of loss due to actions by host country governments is known as _____.

People who value high power distances normally expect equality in power.

A company receives a substantial percentage of its total sales revenues from operations outside of its home country.The company would be considered a:

The goal of the European Union is to create a powerful single market system for Europe's millions of consumers.

A _____ interaction requires more time and effort because relationships have to be developed,and trust and friendship should be established first.

A form of direct investment is franchising.

Political risk is defined as an organization's risk of _____ because of adverse events and actions taken by host governments against it.

A nation's _____ includes the shared knowledge,beliefs and values,as well as the common modes of behavior and ways of thinking,among members of a society.

What does the gesture of scratching one's head usually mean

The British firm joining in the joint venture:

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