Exam 4: Managing in a Global Environment

Briefly describe the social characteristic of ethnocentrism and explain how this can have an impact on the success of an international manager.

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

For the past several years, foreign companies have invested more in business in _____ than in any other place in the world.

Go RVing, a U.S. company, built a subsidiary from scratch in England. This is an example of:

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

Resource development, infrastructure, and exchange rates all describe which dimension in the international environment?

A foreign subsidiary over which an organization has complete control is called a:

A preference for a tightly knit social framework in which individuals look after one another and organizations protect their members' interests refers to _____.

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

When organization managers have a(n) ____ attitude, they treat employees as resources to be used.

Ethnocentrism refers to a natural tendency of people to regard their own culture as superior and to downgrade or dismiss other cultural values.

CRL, a European plastics manufacturer, is considering forming an alliance with a U.S. military goods manufacturer to develop a new type of polymer that can be used for international industrial and military applications. Such a partnership represents what type of direct investment?

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

Fifteen member states of the EU have adopted the rupee, as a single European currency.

With its large English-speaking population, _____ has numerous companies offering services such as call-center operations, data-processing, computer programming, and technical support.

Large international firms typically are called multinational corporations.

A company's risk of loss of assets, earning power, or managerial control due to politically based events or action by host government is referred to as:

The least costly and least risky direct investment is called a greenfield venture.

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

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