Exam 4: Managing in a Global Environment

The _____ is a single European currency that replaced 12 national currencies and unify a huge marketplace.

A multinational corporation typically receives at least _____% of its total sales revenues from outside the parent's home country.

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

Business has become a unified, global field as trade barriers fall, communication becomes faster and cheaper, and consumer tastes converge.

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

_____ reflects the values of relationships, cooperation, group decision making, and quality of life.

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?

According to Manager's Shoptalk in Chapter 4, one of the most universal gestures is:

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

The primary emphasis of polycentric companies is on their home countries.

Which of the following characteristics distinguish a multinational corporation?

Identify and briefly explain at least two key factors in economic, sociocultural and political-legal environments that affect an organization.

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

In international operations, the economic environment includes:

When a company builds a subsidiary from scratch in a foreign country it is called a greenfield venture.

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

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.