Exam 4: Managing in the Global Environment

When a company contracts with suppliers in other countries to make the various inputs that go into its products or to assemble the final products to reduce costs, ________ occurs.

The government uses taxation and social welfare programs to reduce inequality and improve the welfare of the least fortunate in ________ countries.

For a company planning to enter a task environment or industry, the greater the economies of scale within that task environment,

Which of the following statements best defines uncertainty avoidance?

A high percentage of the customers of Action Sport buy Action Sport shoes at least three-fourths of the time that they buy shoes. In the context of barriers to entry, this product has a large degree of

Societies that are high on uncertainty avoidance, such as the United States, value diversity and tolerate differences between people in their actions.

What is meant by the free-trade doctrine? Explain with an example.

With reference to Hofstede's model of national culture, explain power distance.

Hofstede's model of national culture states five dimensions along which national cultures can be placed. Select any two of these five dimensions and discuss how each of these dimensions creates a different type of climate in which an organization can do business.

Heartz Ltd. provides Glayton Technologies with input resources that it needs to produce its products. In this context, which of the following categories does Heartz Ltd. belong to?

The greater the economies of scale of existing organizations, the lower are the barriers to entry for new competitors.

The U.S. government imposes a 25 percent tax on the selling price of any four-wheel-drive SUV that is brought into the U.S. by a foreign car manufacturer to be sold in the U.S. What type of tax is the U.S. government imposing?

Cedric, a brand manager, transferred from the United States to Japan. He discovered that although people in the United States highly value individualism, people in Japan expect individuals to conform to group expectations. Cedric concluded that Japan places more of an emphasis on

Global Blenders sells goods and services that other companies offer but does not provide any organization with the input resources needed to produce goods and services. Based on this information, we can thus say that Global Blenders is a

If established organizations enjoy significant brand loyalty, a new entrant will

Caltronix helps Gen Marco sell Marco washing machines. Caltronix does not use the machines. Which of the following describes either company correctly?

An organization's suppliers can have an important impact on the success of the organization. Explain what qualities you will look for in suppliers when you are a manager. If you already work with suppliers, you may include an example from your own experience.

A rural bank in Texas loses customers when those customers decide to invest their money in foreign banks that they access online. The rural bank's management considers this to be an example of

Explain briefly a task environment. What effect does it have on managers?

Phoenix Systems manufactures computer chips and is based in Canada. This year the company has begun working with suppliers in other countries, but the suppliers' quality levels have been erratic. Based on what you have read, which of these is the most cost-effective way to combat this problem?