Question 1

Companies need to be cautious of _____ and _____ when going international because they differ from country to country.

Accepted Answer

laws; regu

Question 2

In the business world, large international firms that typically receive at least 25 percent of sales revenues from outside the parent country are called multinational corporations (MNCs). Write a short essay that describes major characteristics of the multinational corporation and explains the basics of the bottom of the pyramid (BOP) concept. Then give three examples of multinational corporations that are bringing goods and services to the world's poorest citizens. In your opinion, are each of these companies benefitting these citizens or taking advantage of them?

Accepted Answer

Multinational corporation characteristic

Question 3

Unfortunately, many U.S. managers fail to realize that the values and behaviors that typically govern how business is done in the United States do not translate to the rest of the world.

Accepted Answer

A) True 
 B)False

Question 4

Which of the following is an entry strategy in which the organization maintains its production facilities within its home country and transfers its products for sale in foreign markets?

Accepted Answer

A)  Franchising 
B)  Licensing 
C)  Exporting 
D)  Greenfield venture 
E)  Joint venture 
A)  Franchising 
B)  Licensing 
C)  Exporting 
D)  Greenfield venture 
E)  Joint venture

Question 5

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

Accepted Answer

A)  culture. 
B)  individualism. 
C)  ethnocentrism. 
D)  masculinity. 
E)  power distance. 
A)  culture. 
B)  individualism. 
C)  ethnocentrism. 
D)  masculinity. 
E)  power distance.

Question 6

_____ 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 7

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:

Accepted Answer

A)  licensing. 
B)  joint venture. 
C)  outsourcing. 
D)  franchising. 
E)  none of these. 
A)  licensing. 
B)  joint venture. 
C)  outsourcing. 
D)  franchising. 
E)  none of these.

Question 8

The European Union has expanded to a _____ nation alliance

Accepted Answer

A)  14 
B)  12 
C)  27 
D)  16 
E)  21 
A)  14 
B)  12 
C)  27 
D)  16 
E)  21

Question 9

In a(n) _____, people use communication primarily to exchange facts and information.

Accepted Answer

A)  power culture 
B)  informational culture 
C)  high-context culture 
D)  mid-context culture 
E)  low-context culture 
A)  power culture 
B)  informational culture 
C)  high-context culture 
D)  mid-context culture 
E)  low-context culture

Question 10

Which of the following is defined as a culture in which communication is used to enhance personal relationships?

Accepted Answer

A)  Interpersonal culture 
B)  High-context culture 
C)  Power culture 
D)  Low-context culture 
E)  Family-oriented culture 
A)  Interpersonal culture 
B)  High-context culture 
C)  Power culture 
D)  Low-context culture 
E)  Family-oriented culture

Question 11

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

Accepted Answer

A) True 
 B)False

Question 12

In countries where women are often in positions of high status, the Globe Project would describe that culture as high in _____.

Accepted Answer

gender dif

Question 13

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

Accepted Answer

A) True 
 B)False

Question 14

A country that places emphasis on fairness and values kindness would be described by the Globe Project as high in _____.

Accepted Answer

A)  assertiveness 
B)  uncertainty avoidance 
C)  gender differentiation 
D)  humane orientation 
E)  societal collectivism 
A)  assertiveness 
B)  uncertainty avoidance 
C)  gender differentiation 
D)  humane orientation 
E)  societal collectivism

Question 15

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

Accepted Answer

uncertaint

Question 16

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

Accepted Answer

Internatio

Question 17

Whereby a company builds a subsidiary from scratch in a foreign country, is referred to as a(n) _____, and is the most risky type of direct investment.

Accepted Answer

The answer of Whereby a company builds a subsidiary from...

Question 18

____ aspects of management do 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 19

Which of these is a low-context culture?

Accepted Answer

A)  German 
B)  Chinese 
C)  Korean 
D)  Arab 
E)  Japanese 
A)  German 
B)  Chinese 
C)  Korean 
D)  Arab 
E)  Japanese

Question 20

Countries that use several languages:

Accepted Answer

A)  are ethnocentric. 
B)  are geocentric. 
C)  are likely to have high uncertainty avoidance. 
D)  have linguistic pluralism. 
E)  are polycentric. 
A)  are ethnocentric. 
B)  are geocentric. 
C)  are likely to have high uncertainty avoidance. 
D)  have linguistic pluralism. 
E)  are polycentric.

Companies need to be cautious of _ and _ when going international because they differ from country to country.

Unfortunately, many U.S. managers fail to realize that the values and behaviors that typically govern how business is done in the United States do not translate to the rest of the world.

Which of the following is an entry strategy in which the organization maintains its production facilities within its home country and transfers its products for sale in foreign markets?

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

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

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:

The European Union has expanded to a _____ nation alliance

In a(n) _____, people use communication primarily to exchange facts and information.

Which of the following is defined as a culture in which communication is used to enhance personal relationships?

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

In countries where women are often in positions of high status, the Globe Project would describe that culture as high in _____.

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

A country that places emphasis on fairness and values kindness would be described by the Globe Project as high in _____.

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

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

Whereby a company builds a subsidiary from scratch in a foreign country, is referred to as a(n) _____, and is the most risky type of direct investment.

____ aspects of management do not change when doing business internationally.

Which of these is a low-context culture?

Countries that use several languages:

The World of Innovative Management

The Evolution of Management Thinking

The Environment and Corporate Culture

Managing Ethics and Social Responsibility

Managing Start Ups and New Ventures

Managerial Planning and Goal Setting

Strategy Formulation and Execution

Managerial Decision Making

Designing Organization Structure

Managing Change and Innovation

Managing Human Resource

Managing Diversity

Understanding Individual Behavior

Leadership

Motivating Employees

Managing Communication

Leading Teams

Managing Quality and Performance

Filters

Exam 4: Managing in a Global Environment

Companies need to be cautious of _____ and _____ when going international because they differ from country to country.

Unfortunately, many U.S. managers fail to realize that the values and behaviors that typically govern how business is done in the United States do not translate to the rest of the world.

Which of the following is an entry strategy in which the organization maintains its production facilities within its home country and transfers its products for sale in foreign markets?

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

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

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:

The European Union has expanded to a _____ nation alliance

In a(n) _____, people use communication primarily to exchange facts and information.

Which of the following is defined as a culture in which communication is used to enhance personal relationships?

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

In countries where women are often in positions of high status, the Globe Project would describe that culture as high in _____.

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

A country that places emphasis on fairness and values kindness would be described by the Globe Project as high in _____.

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

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

Whereby a company builds a subsidiary from scratch in a foreign country, is referred to as a(n) _____, and is the most risky type of direct investment.

____ aspects of management do not change when doing business internationally.

Which of these is a low-context culture?

Countries that use several languages:

The World of Innovative Management

The Evolution of Management Thinking

The Environment and Corporate Culture

Managing Ethics and Social Responsibility

Managing Start Ups and New Ventures

Managerial Planning and Goal Setting

Strategy Formulation and Execution

Managerial Decision Making

Designing Organization Structure

Managing Change and Innovation

Managing Human Resource

Managing Diversity

Understanding Individual Behavior

Leadership

Motivating Employees

Managing Communication

Leading Teams

Managing Quality and Performance

Filters

Companies need to be cautious of _ and _ when going international because they differ from country to country.