Exam 5: Managing in a Global Environment

All of the following countries are considered emerging economies EXCEPT _____.

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

A kidnapping of a senior executive in a foreign country is an example of:

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

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

Which of the following types of managers place a major emphasis on the values and traditions of their home countries?

List three examples of a country's infrastructure.

An MNC is managed as an integrated worldwide business system.

Today's companies compete in a _____.

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

German, Swiss and North American cultures are among the high-context cultures.

Ethnocentrism refers to a natural tendency of people to regard their own culture as inferior to other cultures.

Exchange rates are included in which of the following international environments?

A high-context interaction requires more time because a relationship has to be developed, and trust and friendship must be established.

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

The countries experiencing political stability face the greatest threat of violence.

Because of cheap labour, most international business firms are headquartered in the less developed countries of Asia and South America.

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

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

Explain NAFTA.