Exam 3: Managing in a Global Environment

____ refers to the degree to which people accept inequality in power among institutions,organizations,and people.

When organization managers have a(n)____ attitude,they value employees as an end in themselves.

Recent research by the GLOBE project has extended ____ research and offered new insights for managers.

____________________ is the barter of products for products rather than the sale of products for currency.

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

Which of the following countries possesses a high performance orientation?

A loosely knit social framework in which individuals are expected to take care of themselves is called

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

A value characterized by people's intolerance for uncertainty and ambiguity and resulting support for beliefs that promise certainty and conformity refers to _____________.

In today's world,every manager needs to think locally.

The process of globalization typically passes through all of the following stages EXCEPT

________ is a concept that proposes that corporations can alleviate poverty and other social ills by selling to the world's poorest people.

Language,values,religion,and education all describe which dimension in the international environment?

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.

The degree to which people accept inequality in power among institutions,organizations,and people is called ___________.

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

A country's physical facilities that support economic activities make up its infrastructure.

Case - Doing Business in Eritrea Eritrea is in Eastern Africa. Its size is slightly bigger than the state of Pennsylvania. Eritrea currently hosts a UN peacekeeping operation that is monitoring a 25 km-wide Temporary Security Zone on the border with Ethiopia. An international commission, organized to resolve the border dispute, posted its findings in 2002 but final demarcation is on hold due to Ethiopian objections. Since gaining its independence from Ethiopia on 24 May 1993, Eritrea has faced the economic problems of a small, desperately poor country. Like the economies of many African nations, the economy is largely based on subsistence agriculture, with 80 percent of the population involved in farming and herding. In 2004, it took 13.788 nakfa (the Eritrean currency) to get one U.S. dollar, and its per capita income was equal to 900 U.S. dollars. It has a total of 306 kilometers of railroad, 874 kilometers of paved roads, and four airports with paved runways. Its people speak a variety of languages including Afar, Arabic, Tigre and Kunama, Tigrinya, and other Cushitic languages. The Eritrean society is generous with whatever resources it has and its people place a high value on helping others. -Refer to the scenario above.The variety of languages spoken within Eritrea's sociocultural environment means that the nation:

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.

____________________ is the management of business operations conducted in more than one country.