Exam 3: Managing in a Global Environment

__________ means that people have a tendency to regard their own culture as superior to other cultures.

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

The Digitec company has recently decided to design and manufacture a laptop that retails for under $50,in an effort to make information technology available to people in places like rural Africa and rural India. This is known as what type of strategy?

The extent to which trade and investments,information,social and cultural ideas,and political cooperation flow between countries is called:

A low-context culture is a culture in which communication is used to enhance personal relationships.

When it comes to economic development,a currently developing country is also called a(n)____________________.

Political risk is defined as an organization's risk of ____ due to politically based events or actions by host governments.

An alliance begun in 1957 to improve economic and social conditions among its members, it has evolved into the 27-nation __________.

Briefly explain the difference between high power distance and low power distance.

Austria's cultural preference is for achievement,heroism,assertiveness,and material success.This would be considered

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.Eritrea would be classified as a(n):

Culture shock refers to a person's ability to use reasoning and observation skills to interpret unfamiliar gestures and situations and devise appropriate behavioral responses.

____ generally are located in Asia,Africa and South America.

_____________ refers to a person's ability to use reasoning and observation skills to interpret unfamiliar gestures and situations and devise appropriate behavioral responses.

Which of the following is a sociocultural factor in the international environment?

The Maquiladora industry along the Texas-Mexico border on the Mexico side uses cheap labor for assembling products.This lowers the price for U.S.consumers and is an example of

LDCs are less developed countries and tend to be found in the Southern Hemisphere including Africa,Asia and South America.

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

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

In 2010,which of the following countries formed a free trade area with the ten countries that make up the Association of Southeast Asian Nations (ASEAN)?