Exam 4: Managing in a Global Environment

In a society with a highly ________ culture, strong value is placed on relationships and concern for others.

In a short essay, list and discuss the three attitudes managers might have toward international business.

The Overseas Assignment (Scenario) Khalil has a degree in business administration and has worked for a major corporation for 5 years. He is offered a chance to work in another country. -Through talking to executives in the international division, Khalil realizes that his home country has the highest individualism, low power distance and uncertainty avoidance, and a strong achievement orientation. He probably lives in ________.

Which of the following is the basic difference between multidomestic corporations and global companies?

________ is a cultural measure of the degree to which people will tolerate risk and unconventional behavior.

Joint ventures are a type of ________.

The World Trade Organization evolved from which of the following?

European multinational firms commonly use a ________ approach because they are operating in multiple Countries with different institutional environments.

In the early stages of doing business internationally, managers may license or franchise to another firm the right to use their organization's brand name, technology, or product specifications.

Among the member countries of the North American Free Trade Agreement, trade has ________ since the treaty was signed.

Mariam also needed to learn about regional trading alliances and the impact on her division. The alliance that had a direct impact on her division was ________

First Visit Abroad (Scenario) Bashir is excited about his first European business trip. He is confident about the trip, but is somewhat concerned about the strange habits and foreign languages he will encounter. "If only they would just speak Arabic like everyone else I know!" Bashir thinks. -Bashir's tendency to view the world only through his Arab-based perspective is an international business problem known as which of the following?

Franchising is primarily used by ________.

The European Union (EU) and the North American Free Trade Agreement (NAFTA) created regional trading and cooperative agreements.

For businesses to have successful global management, which of the following statements provides the best advice?

The North American Free Trade Agreement eliminated all of the following except ________.

How many member nations belong to the African Union (AU)?

Transnational organizations are also known as ________.

Managers with a(n) ________ attitude view every foreign operation as different and hard to understand.

The European Union covers ________.