Question 1

Global Dandelion, with marketing and production facilities located in many countries, is participating at what stage in the international arena?

Accepted Answer

A)  International stage 
B)  Global stage 
C)  Domestic stage 
D)  Multinational stage 
E)  Interdomestic stage 
A)  International stage 
B)  Global stage 
C)  Domestic stage 
D)  Multinational stage 
E)  Interdomestic stage

Question 2

The process of globalization typically passes through all of the following stages EXCEPT

Accepted Answer

A)  domestic stage. 
B)  global stage. 
C)  international stage. 
D)  interdomestic stage. 
E)  multinational stage. 
A)  domestic stage. 
B)  global stage. 
C)  international stage. 
D)  interdomestic stage. 
E)  multinational stage.

Question 3

Which of the following is NOT a legal-political factor in the international environment?

Accepted Answer

A)  Laws and regulations 
B)  Language 
C)  Tariffs, quotas, taxes 
D)  Political risk 
E)  Government takeovers 
A)  Laws and regulations 
B)  Language 
C)  Tariffs, quotas, taxes 
D)  Political risk 
E)  Government takeovers

Question 4

All of the following are cultural dimensions as defined by the GLOBE Project, except:

Accepted Answer

A)  assertiveness 
B)  gender differentiation 
C)  social collectivism 
D)  humane orientation 
E)  masculinity 
A)  assertiveness 
B)  gender differentiation 
C)  social collectivism 
D)  humane orientation 
E)  masculinity

Question 5

In which stage, market potential is limited to home country, with all production and marketing facilities located at home?

Accepted Answer

A)  Domestic 
B)  International 
C)  Global 
D)  Multinational 
E)  Stateless 
A)  Domestic 
B)  International 
C)  Global 
D)  Multinational 
E)  Stateless

Question 6

Describe GATT and the World Trade Organization.

Accepted Answer

GATT started as a set of rules to ensure

Question 7

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 8

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

Accepted Answer

A)  joint venture. 
B)  licensing agreement. 
C)  franchise. 
D)  wholly owned foreign affiliate. 
E)  foreign venture. 
A)  joint venture. 
B)  licensing agreement. 
C)  franchise. 
D)  wholly owned foreign affiliate. 
E)  foreign venture.

Question 9

Which is the single European currency that replaced 12 national currencies and unify a huge marketplace?

Accepted Answer

A)  Mark 
B)  Franc 
C)  MFN 
D)  Euro 
E)  Pound 
A)  Mark 
B)  Franc 
C)  MFN 
D)  Euro 
E)  Pound

Question 10

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 11

According to Unlocking Innovative Solutions Through Technology in Chapter 4, radiologists are pioneers in teleradiology, a form of medical outsourcing.

Accepted Answer

A) True 
 B)False

Question 12

The second stage in the process of globalization is the international stage, where the company usually adopts a multidomestic approach.

Accepted Answer

A) True 
 B)False

Question 13

Which of these refers to a value characterized by people's intolerance for uncertainty 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 14

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

Accepted Answer

A)  franchising. 
B)  greenfield venture. 
C)  joint venture. 
D)  exporting. 
E)  licensing. 
A)  franchising. 
B)  greenfield venture. 
C)  joint venture. 
D)  exporting. 
E)  licensing.

Question 15

__________ is primarily concerned with the loss of jobs as companies export work to countries with lower wages.

Accepted Answer

A)  Iron Triangle of Globalization 
B)  NAFTA 
C)  ASEAN 
D)  GATT 
E)  EU 
A)  Iron Triangle of Globalization 
B)  NAFTA 
C)  ASEAN 
D)  GATT 
E)  EU

Question 16

Joint venture is the most risky type of direct investment.

Accepted Answer

A) True 
 B)False

Question 17

Zaman Telecom with an international division would be participating in what stage of the international arena?

Accepted Answer

A)  Domestic stage 
B)  International stage 
C)  Multinational stage 
D)  Global stage 
E)  Binational stage 
A)  Domestic stage 
B)  International stage 
C)  Multinational stage 
D)  Global stage 
E)  Binational stage

Question 18

A cultural attitude marked by the tendency to regard one's own culture as superior to others is called

Accepted Answer

A)  ethnocentrism. 
B)  polycentrism. 
C)  geocentrism 
D)  technocentrism. 
E)  none of these. 
A)  ethnocentrism. 
B)  polycentrism. 
C)  geocentrism 
D)  technocentrism. 
E)  none of these.

Question 19

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

Accepted Answer

Power distance, unce

Question 20

The Mercedes-Benz plant in Alabama is an example of a __________.

Accepted Answer

A)  greenfield venture 
B)  joint venture 
C)  direct investment 
D)  foreign affiliate 
E)  direct acquisition 
A)  greenfield venture 
B)  joint venture 
C)  direct investment 
D)  foreign affiliate 
E)  direct acquisition

Exam 4: Managing in a Global Environment

Global Dandelion, with marketing and production facilities located in many countries, is participating at what stage in the international arena?

The process of globalization typically passes through all of the following stages EXCEPT

Which of the following is NOT a legal-political factor in the international environment?

All of the following are cultural dimensions as defined by the GLOBE Project, except:

In which stage, market potential is limited to home country, with all production and marketing facilities located at home?

Describe GATT and the World Trade Organization.

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

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

Which is the single European currency that replaced 12 national currencies and unify a huge marketplace?

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.

According to Unlocking Innovative Solutions Through Technology in Chapter 4, radiologists are pioneers in teleradiology, a form of medical outsourcing.

The second stage in the process of globalization is the international stage, where the company usually adopts a multidomestic approach.

Which of these refers to a value characterized by people's intolerance for uncertainty and ambiguity and resulting support for beliefs that promise certainty and conformity?

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

__________ is primarily concerned with the loss of jobs as companies export work to countries with lower wages.

Joint venture is the most risky type of direct investment.

Zaman Telecom with an international division would be participating in what stage of the international arena?

A cultural attitude marked by the tendency to regard one's own culture as superior to others is called

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

The Mercedes-Benz plant in Alabama is an example of a __________.

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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