Question 1

In Mexico, employees often do not understand participatory decision making.

Accepted Answer

A) True 
 B)False  True

Question 2

Which of these is normally used to classify countries as developed or developing?

Accepted Answer

A)  Exchange rates 
B)  Interest rates 
C)  Gross national product 
D)  Per capita income 
E)  Inflation rates 
A)  Exchange rates 
B)  Interest rates 
C)  Gross national product 
D)  Per capita income 
E)  Inflation rates D

Question 3

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

Accepted Answer

A)  loss of assets 
B)  managerial control 
C)  earning power 
D)  all of these 
E)  managerial control and earning power only 
A)  loss of assets 
B)  managerial control 
C)  earning power 
D)  all of these 
E)  managerial control and earning power only D

Question 4

Cultural factors in foreign countries are ___________ the political and economic factors.

Accepted Answer

A)  easier than 
B)  similar to 
C)  more perplexing than 
D)  less important than 
E)  none of these 
A)  easier than 
B)  similar to 
C)  more perplexing than 
D)  less important than 
E)  none of these

Question 5

A nation's __________ includes the shared knowledge, beliefs and values, as well as the common modes of behavior and ways of thinking, among members of a society.

Accepted Answer

A)  power distance 
B)  culture 
C)  masculinity 
D)  individualism 
E)  uncertainty avoidance 
A)  power distance 
B)  culture 
C)  masculinity 
D)  individualism 
E)  uncertainty avoidance

Question 6

Collectivist values are represented in the social framework of which of these?

Accepted Answer

A)  The United States 
B)  Australia 
C)  Ecuador 
D)  Great Britain 
E)  All of these 
A)  The United States 
B)  Australia 
C)  Ecuador 
D)  Great Britain 
E)  All of these

Question 7

Rooftop International, Inc. buys insurance against host government takeover when investing in foreign countries. This is an example of which sector of the international environment?

Accepted Answer

A)  Legal-political 
B)  Sociocultural 
C)  Technological 
D)  Economic 
E)  Infrastructure 
A)  Legal-political 
B)  Sociocultural 
C)  Technological 
D)  Economic 
E)  Infrastructure

Question 8

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

Accepted Answer

Internatio

Question 9

Which of the following characteristics distinguish a multinational corporation?

Accepted Answer

A)  Top management is expected to take a global perspective. 
B)  The corporation is controlled by a single management authority. 
C)  It is managed as an integrated worldwide business system. 
D)  All of these 
E)  Top management is expected to take a global perspective and The corporation is controlled by a single management authority only. 
A)  Top management is expected to take a global perspective. 
B)  The corporation is controlled by a single management authority. 
C)  It is managed as an integrated worldwide business system. 
D)  All of these 
E)  Top management is expected to take a global perspective and The corporation is controlled by a single management authority only.

Question 10

When an organization has a humanistic attitude, it values employees as an end in themselves.

Accepted Answer

A) True 
 B)False

Question 11

Culture shock refers to the frustration and anxiety that result from constantly being subjected to strange and unfamiliar cues about what to do and how to do it.

Accepted Answer

A) True 
 B)False

Question 12

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 13

The sub-divisions of the international environment are the economic, the sociocultural, and the legal-political environments.

Accepted Answer

A) True 
 B)False

Question 14

There are three components to cultural intelligence: cognitive, emotional, and physical.

Accepted Answer

A) True 
 B)False

Question 15

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

Accepted Answer

Choose any five of the followi

Question 16

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

Accepted Answer

The answer of ____________________ means that people have a tendency...

Question 17

In the ____________________ stage, the company has marketing and production facilities located in many countries and more than one-third of annual sales come from outside the home country.

Accepted Answer

The answer of In the ____________________ stage, the company has...

Question 18

Your grocery store in India is having trouble getting the local farmers to supply you with the proper produce. This is a problem with India's

Accepted Answer

A)  product market. 
B)  resource market. 
C)  infrastructure. 
D)  economy. 
E)  power distance. 
A)  product market. 
B)  resource market. 
C)  infrastructure. 
D)  economy. 
E)  power distance.

Question 19

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 20

Concerning decision making, American managers working in Mexico often don't __________.

Accepted Answer

A)  explain themselves 
B)  ask for participation 
C)  lead by example 
D)  motivate from the bottom 
E)  allow insubordination 
A)  explain themselves 
B)  ask for participation 
C)  lead by example 
D)  motivate from the bottom 
E)  allow insubordination

Exam 4: Managing in a Global Environment

In Mexico, employees often do not understand participatory decision making.

Which of these is normally used to classify countries as developed or developing?

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

Cultural factors in foreign countries are ___________ the political and economic factors.

A nation's __________ includes the shared knowledge, beliefs and values, as well as the common modes of behavior and ways of thinking, among members of a society.

Collectivist values are represented in the social framework of which of these?

Rooftop International, Inc. buys insurance against host government takeover when investing in foreign countries. This is an example of which sector of the international environment?

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

Which of the following characteristics distinguish a multinational corporation?

When an organization has a humanistic attitude, it values employees as an end in themselves.

Culture shock refers to the frustration and anxiety that result from constantly being subjected to strange and unfamiliar cues about what to do and how to do it.

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

The sub-divisions of the international environment are the economic, the sociocultural, and the legal-political environments.

There are three components to cultural intelligence: cognitive, emotional, and physical.

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

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

In the ____________________ stage, the company has marketing and production facilities located in many countries and more than one-third of annual sales come from outside the home country.

Your grocery store in India is having trouble getting the local farmers to supply you with the proper produce. This is a problem with India's

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

Concerning decision making, American managers working in Mexico often don't __________.

Managing in Turbulent Times

The Evolution of Management Thinking

The Environment and Corporate Culture

Ethics and Social Responsibility

Managing Small Business Start-Ups

Managerial Planning and Goal Setting

Strategy Formulation and Implementation

Managerial Decision Making

Designing Adaptive Organizations

Managing Change and Innovation

Human Resource Management

Meeting the Challenge of Diversity

Dynamics of Behavior in Organizations

Leadership

Motivation

Communication

Teamwork

Managerial and Quality Control

Information Technology and E-Business

Operations and Value Chain Management

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