Question 1

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 2

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:

Accepted Answer

A)  MFN. 
B)  political risk. 
C)  tariffs. 
D)  political instability. 
E)  terrorism. 
A)  MFN. 
B)  political risk. 
C)  tariffs. 
D)  political instability. 
E)  terrorism.

Question 3

Carrie's Car Care receives more than 25% of its total sales revenues from operations outside of the United States. Carrie's would be considered a:

Accepted Answer

A)  foreign national. 
B)  wealth company. 
C)  multinational corporation. 
D)  globalization corporation. 
E)  None of these. 
A)  foreign national. 
B)  wealth company. 
C)  multinational corporation. 
D)  globalization corporation. 
E)  None of these.

Question 4

List the four dimensions of national value systems identified by Hofstede.

Accepted Answer

Power distance, unce

Question 5

The estimated 2010 misery index figures suggest significantly less misery for almost every country as compared to figures at the beginning of the century.

Accepted Answer

A) True 
 B)False

Question 6

_____ refers to a value characterized by people's intolerance for unpredictability and ambiguity and 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 7

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 8

_____ places an emphasis on a worldwide perspective.

Accepted Answer

A)  Polycentric companies 
B)  Geocentric companies 
C)  Ethnocentric companies 
D)  Regiocentric companies 
E)  Domestic companies 
A)  Polycentric companies 
B)  Geocentric companies 
C)  Ethnocentric companies 
D)  Regiocentric companies 
E)  Domestic companies

Question 9

Exporting, licensing, and direct investing are called _____ strategies because they represent alternative ways to sell products and services in foreign markets.

Accepted Answer

A)  globalized 
B)  expansion 
C)  retrenchment 
D)  market entry 
E)  concentrated business 
A)  globalized 
B)  expansion 
C)  retrenchment 
D)  market entry 
E)  concentrated business

Question 10

A foreign terrorist kidnaps your firm's marketing VP while the VP is in the host country. This is a harsh example of:

Accepted Answer

A)  economic development. 
B)  infrastructure. 
C)  political risk. 
D)  international law. 
E)  social risk. 
A)  economic development. 
B)  infrastructure. 
C)  political risk. 
D)  international law. 
E)  social risk.

Question 11

Because of cheap labor, most international business firms are headquartered in the less developed countries of Asia and South America.

Accepted Answer

A) True 
 B)False

Question 12

According to the GLOBE Value Dimensions, Japan and Russia both have very high performance orientation.

Accepted Answer

A) True 
 B)False

Question 13

List five of the countries that make up the European Union (EU).

Accepted Answer

Choose any five of the followi

Question 14

Direct investing means that the company is involved in managing the productive assets in a foreign country. There are three options for direct investing. Name and compare these three options.

Accepted Answer

The three options are joint ventures, wh

Question 15

With exporting, the corporation transfers its products for sale and its production facilities in foreign countries.

Accepted Answer

A) True 
 B)False

Question 16

____ 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 17

People who value high power distances normally expect equality in power..

Accepted Answer

A) True 
 B)False

Question 18

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 19

A multinational corporation typically receives more than 25 percent of its total sales revenues from operations inside the parent's home country.

Accepted Answer

A) True 
 B)False

Question 20

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

Accepted Answer

A) True 
 B)False

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

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:

Carrie's Car Care receives more than 25% of its total sales revenues from operations outside of the United States. Carrie's would be considered a:

List the four dimensions of national value systems identified by Hofstede.

The estimated 2010 misery index figures suggest significantly less misery for almost every country as compared to figures at the beginning of the century.

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

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

_____ places an emphasis on a worldwide perspective.

Exporting, licensing, and direct investing are called _____ strategies because they represent alternative ways to sell products and services in foreign markets.

A foreign terrorist kidnaps your firm's marketing VP while the VP is in the host country. This is a harsh example of:

Because of cheap labor, most international business firms are headquartered in the less developed countries of Asia and South America.

According to the GLOBE Value Dimensions, Japan and Russia both have very high performance orientation.

List five of the countries that make up the European Union (EU).

Direct investing means that the company is involved in managing the productive assets in a foreign country. There are three options for direct investing. Name and compare these three options.

With exporting, the corporation transfers its products for sale and its production facilities in foreign countries.

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

People who value high power distances normally expect equality in power..

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

A multinational corporation typically receives more than 25 percent of its total sales revenues from operations inside the parent's home country.

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

Innovative Management for a Changing World

The Evolution of Management Thinking

The Environment and Corporate Culture

Managing Ethics and Social Responsibility

Managing Small Business Start Ups

Managerial Planning and Goal Setting

Strategy Formulation and Execution

Managerial Decision Making

Designing Adaptive Organizations

Managing Change and Innovation

Managing Human Resources

Managing Diversity

Understanding Individual Behavior

Leadership

Motivating Employees

Managing Communication

Leading Teams

Managing Quality and Performance

Filters

Exam 4: Managing in a Global Environment

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

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:

Carrie's Car Care receives more than 25% of its total sales revenues from operations outside of the United States. Carrie's would be considered a:

List the four dimensions of national value systems identified by Hofstede.

The estimated 2010 misery index figures suggest significantly less misery for almost every country as compared to figures at the beginning of the century.

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

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

_____ places an emphasis on a worldwide perspective.

Exporting, licensing, and direct investing are called _____ strategies because they represent alternative ways to sell products and services in foreign markets.

A foreign terrorist kidnaps your firm's marketing VP while the VP is in the host country. This is a harsh example of:

Because of cheap labor, most international business firms are headquartered in the less developed countries of Asia and South America.

According to the GLOBE Value Dimensions, Japan and Russia both have very high performance orientation.

List five of the countries that make up the European Union (EU).

Direct investing means that the company is involved in managing the productive assets in a foreign country. There are three options for direct investing. Name and compare these three options.

With exporting, the corporation transfers its products for sale and its production facilities in foreign countries.

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

People who value high power distances normally expect equality in power..

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

A multinational corporation typically receives more than 25 percent of its total sales revenues from operations inside the parent's home country.

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

Innovative Management for a Changing World

The Evolution of Management Thinking

The Environment and Corporate Culture

Managing Ethics and Social Responsibility

Managing Small Business Start Ups

Managerial Planning and Goal Setting

Strategy Formulation and Execution

Managerial Decision Making

Designing Adaptive Organizations

Managing Change and Innovation

Managing Human Resources

Managing Diversity

Understanding Individual Behavior

Leadership

Motivating Employees

Managing Communication

Leading Teams

Managing Quality and Performance

Filters