Question 1

Which aspect of business management would not change when doing business internationally?

Accepted Answer

A)  Planning 
B)  Organizing 
C)  Controlling 
D)  Leading 
E)  All of these 
A)  Planning 
B)  Organizing 
C)  Controlling 
D)  Leading 
E)  All of these

Question 2

What is global outsourcing? Identify a unique variation of global outsourcing.

Accepted Answer

Global outsourcing is engaging

Question 3

Stateless stage is also referred to as the _____ stage.

Accepted Answer

A)  multinational 
B)  global 
C)  multidomestic 
D)  international 
E)  domestic 
A)  multinational 
B)  global 
C)  multidomestic 
D)  international 
E)  domestic

Question 4

Which of the following is NOT a legal-political factor in the international environment?

Accepted Answer

A)  Laws and regulations 
B)  Language 
C)  Tariffs, quotas, taxes 
D)  Political risk 
E)  Government expropriations 
A)  Laws and regulations 
B)  Language 
C)  Tariffs, quotas, taxes 
D)  Political risk 
E)  Government expropriations

Question 5

All of the following are cultural dimensions as defined by the GLOBE Project, except _____.

Accepted Answer

A)  assertiveness 
B)  gender differentiation 
C)  social collectivism 
D)  humane orientation 
E)  masculinity 
A)  assertiveness 
B)  gender differentiation 
C)  social collectivism 
D)  humane orientation 
E)  masculinity

Question 6

_____ means engaging in the international division of labour so that manufacturing can be done in countries with the cheapest sources of labor and supplies.

Accepted Answer

The answer of _____ means engaging in the international division...

Question 7

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 8

Market risk is defined as the risk of loss of assets, earning power or managerial control due to politically based events or actions by host governments.

Accepted Answer

A) True 
 B)False

Question 9

A company wants to produce and market a line of coffee to sell in the Chinese market. The company will supply the entire business system to entrepreneurs, including the equipment, products, product ingredients, trademarks and standardized operating systems. Which type of entry strategy is this?

Accepted Answer

A)  Wholly owned foreign affiliate 
B)  Greenfield venture agreement 
C)  Franchise 
D)  Export agreement 
E)  Barter trade 
A)  Wholly owned foreign affiliate 
B)  Greenfield venture agreement 
C)  Franchise 
D)  Export agreement 
E)  Barter trade

Question 10

List the three examples of direct investing mentioned in your text.

Accepted Answer

Joint venture, wholl

Question 11

_____ stands for preference for achievement, heroism, assertiveness, work centrality (with resultant high stress) and material success.

Accepted Answer

The answer of _____ stands for preference for achievement, heroism,...

Question 12

A high humane orientation means that a society encourages toughness, assertiveness and competitiveness.

Accepted Answer

A) True 
 B)False

Question 13

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

Accepted Answer

A) True 
 B)False

Question 14

A supermarket is having trouble getting the local farmers to supply it with fresh produce. This is a problem with the:

Accepted Answer

A)  metal market. 
B)  natural resource market. 
C)  infrastructure. 
D)  economy. 
E)  power dimensions. 
A)  metal market. 
B)  natural resource market. 
C)  infrastructure. 
D)  economy. 
E)  power dimensions.

Question 15

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

Accepted Answer

A)  outscoring. 
B)  exporting. 
C)  licensing. 
D)  direct investing. 
E)  greenfield venture. 
A)  outscoring. 
B)  exporting. 
C)  licensing. 
D)  direct investing. 
E)  greenfield venture.

Question 16

_____ refers to a value characterized by a manager's intolerance for unpredictability and ambiguity and the resulting support for beliefs that promise certainty and conformity.

Accepted Answer

A)  Power distance 
B)  Uncertainty avoidance 
C)  Certainty avoidance 
D)  Conformity seekers 
E)  None of these 
A)  Power distance 
B)  Uncertainty avoidance 
C)  Certainty avoidance 
D)  Conformity seekers 
E)  None of these

Question 17

Companies that are forced to pull out of foreign markets because of civil wars and large-scale social unrest demonstrate which problem?

Accepted Answer

A)  Political instability 
B)  Democratic governments 
C)  Economic stability 
D)  Political engagement 
E)  Financial risk 
A)  Political instability 
B)  Democratic governments 
C)  Economic stability 
D)  Political engagement 
E)  Financial risk

Question 18

The legal-political environment in international business includes which of the following?

Accepted Answer

A)  Shared knowledge, beliefs and values 
B)  Political risks 
C)  Social organizations 
D)  Infrastructure 
E)  None of these 
A)  Shared knowledge, beliefs and values 
B)  Political risks 
C)  Social organizations 
D)  Infrastructure 
E)  None of these

Question 19

_____ is the criterion traditionally used to classify countries as developed or developing.

Accepted Answer

The answer of _____ is the criterion traditionally used to...

Question 20

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

Accepted Answer

A) True 
 B)False

Which aspect of business management would not change when doing business internationally?

What is global outsourcing? Identify a unique variation of global outsourcing.

Stateless stage is also referred to as the _____ stage.

Which of the following is NOT a legal-political factor in the international environment?

All of the following are cultural dimensions as defined by the GLOBE Project, except _____.

_____ means engaging in the international division of labour so that manufacturing can be done in countries with the cheapest sources of labor and supplies.

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

Market risk is defined as the risk of loss of assets, earning power or managerial control due to politically based events or actions by host governments.

A company wants to produce and market a line of coffee to sell in the Chinese market. The company will supply the entire business system to entrepreneurs, including the equipment, products, product ingredients, trademarks and standardized operating systems. Which type of entry strategy is this?

List the three examples of direct investing mentioned in your text.

_____ stands for preference for achievement, heroism, assertiveness, work centrality (with resultant high stress) and material success.

A high humane orientation means that a society encourages toughness, assertiveness and competitiveness.

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

A supermarket is having trouble getting the local farmers to supply it with fresh produce. This is a problem with the:

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

_____ refers to a value characterized by a manager's intolerance for unpredictability and ambiguity and the resulting support for beliefs that promise certainty and conformity.

Companies that are forced to pull out of foreign markets because of civil wars and large-scale social unrest demonstrate which problem?

The legal-political environment in international business includes which of the following?

_____ is the criterion traditionally used to classify countries as developed or developing.

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

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

Managing Quality and Performance

Filters

Exam 5: Managing in a Global Environment

Which aspect of business management would not change when doing business internationally?

What is global outsourcing? Identify a unique variation of global outsourcing.

Stateless stage is also referred to as the _____ stage.

Which of the following is NOT a legal-political factor in the international environment?

All of the following are cultural dimensions as defined by the GLOBE Project, except _____.

_____ means engaging in the international division of labour so that manufacturing can be done in countries with the cheapest sources of labor and supplies.

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

Market risk is defined as the risk of loss of assets, earning power or managerial control due to politically based events or actions by host governments.

A company wants to produce and market a line of coffee to sell in the Chinese market. The company will supply the entire business system to entrepreneurs, including the equipment, products, product ingredients, trademarks and standardized operating systems. Which type of entry strategy is this?

List the three examples of direct investing mentioned in your text.

_____ stands for preference for achievement, heroism, assertiveness, work centrality (with resultant high stress) and material success.

A high humane orientation means that a society encourages toughness, assertiveness and competitiveness.

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

A supermarket is having trouble getting the local farmers to supply it with fresh produce. This is a problem with the:

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

_____ refers to a value characterized by a manager's intolerance for unpredictability and ambiguity and the resulting support for beliefs that promise certainty and conformity.

Companies that are forced to pull out of foreign markets because of civil wars and large-scale social unrest demonstrate which problem?

The legal-political environment in international business includes which of the following?

_____ is the criterion traditionally used to classify countries as developed or developing.

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

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

Managing Quality and Performance

Filters