Question 1

____________________ went into effect in early 1994, effectively creating a megamarket among the U.S., Canada, and Mexico.

Accepted Answer

The answer of ____________________ went into effect in early 1994,...

Question 2

Assume that until yesterday, one U.S. dollar could be exchanged for 85 Japanese yens. Today, a dollar gets you 102 yens. Which of the following statements is true?

Accepted Answer

A)  U.S. goods will be more expensive in Japan. 
B)  Japanese goods will be more expensive in the U.S. 
C)  U.S. goods will be the same price in Japan. 
D)  Japanese goods will be the same price in the U.S. 
E)  None of these. 
A)  U.S. goods will be more expensive in Japan. 
B)  Japanese goods will be more expensive in the U.S. 
C)  U.S. goods will be the same price in Japan. 
D)  Japanese goods will be the same price in the U.S. 
E)  None of these.

Question 3

Heineken begins by exporting its product into new markets, and then __________ to a local brewer to establish its position in the market.

Accepted Answer

A)  countertrades 
B)  licenses 
C)  exports 
D)  franchises 
E)  markets 
A)  countertrades 
B)  licenses 
C)  exports 
D)  franchises 
E)  markets

Question 4

____________________ is the barter of products for products rather than the sale of products for currency.

Accepted Answer

The answer of ____________________ is the barter of products for...

Question 5

Describe the four stages of globalization with specific reference to strategic orientation, stage of development, cultural sensitivity, and manager assumptions.

Accepted Answer

Refer to e

Question 6

A country's physical facilities that support economic activities make up its infrastructure.

Accepted Answer

A) True 
 B)False

Question 7

Recent research by the GLOBE project has extended __________ research and offered new insights for managers.

Accepted Answer

A)  Hofstede's 
B)  Walton's 
C)  Weber's 
D)  Fayol's 
E)  Gilbreth's 
A)  Hofstede's 
B)  Walton's 
C)  Weber's 
D)  Fayol's 
E)  Gilbreth's

Question 8

In Japan, workers are motivated to satisfy the company.

Accepted Answer

A) True 
 B)False

Question 9

The management of business operations conducted in more than one country is called

Accepted Answer

A)  global management. 
B)  international management. 
C)  outsourcing management. 
D)  planning management. 
E)  domestic management. 
A)  global management. 
B)  international management. 
C)  outsourcing management. 
D)  planning management. 
E)  domestic management.

Question 10

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 11

_________________________ 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

The answer of _________________________ refers to the frustration and anxiety...

Question 12

Language, values, religion, and education all describe which dimension in the international environment?

Accepted Answer

A)  Economic 
B)  Legal 
C)  Political 
D)  Sociocultural 
E)  Technological 
A)  Economic 
B)  Legal 
C)  Political 
D)  Sociocultural 
E)  Technological

Question 13

Key area(s) of the North American Free Trade Agreement is/are

Accepted Answer

A)  removal of tariffs of U.S. farm exports to Canada. 
B)  patent protection for pharmaceutical in Mexico. 
C)  mandatory 100% North American content on cars and trucks to qualify for duty-free status. 
D)  U.S. trucking of international cargo allowed in Canada. 
E)  All of these. 
A)  removal of tariffs of U.S. farm exports to Canada. 
B)  patent protection for pharmaceutical in Mexico. 
C)  mandatory 100% North American content on cars and trucks to qualify for duty-free status. 
D)  U.S. trucking of international cargo allowed in Canada. 
E)  All of these.

Question 14

Which of these statements best describes the importance of international business to the study of management?

Accepted Answer

A)  International business is more important than the study of management. 
B)  International business is less important than the study of management. 
C)  Since the management functions are universal, international business in not important to the study of management. 
D)  If you are not thinking international, you are not thinking business management. 
E)  International business has noting to do with the study of management. 
A)  International business is more important than the study of management. 
B)  International business is less important than the study of management. 
C)  Since the management functions are universal, international business in not important to the study of management. 
D)  If you are not thinking international, you are not thinking business management. 
E)  International business has noting to do with the study of management.

Question 15

______________________________ refers to a person's ability to use reasoning and observation skills to interpret unfamiliar gestures and situations and devise appropriate behavioral responses.

Accepted Answer

Cultural i

Question 16

A tendency to regard their own culture as superior and to downgrade other cultures reflects an attitude called geocentric.

Accepted Answer

A) True 
 B)False

Question 17

Some economic environments of business include resource and product markets, language, religion, and per capita income.

Accepted Answer

A) True 
 B)False

Question 18

When GATT was created in 1947, how many nations signed on for negotiation?

Accepted Answer

A)  15 
B)  23 
C)  28 
D)  40 
E)  57 
A)  15 
B)  23 
C)  28 
D)  40 
E)  57

Question 19

ABC Manufacturing is in the domestic stage. It has its market potential open to the countries that border its home country.

Accepted Answer

A) True 
 B)False

Question 20

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

Accepted Answer

A) True 
 B)False

Exam 4: Managing in a Global Environment

____________________ went into effect in early 1994, effectively creating a megamarket among the U.S., Canada, and Mexico.

Assume that until yesterday, one U.S. dollar could be exchanged for 85 Japanese yens. Today, a dollar gets you 102 yens. Which of the following statements is true?

Heineken begins by exporting its product into new markets, and then __________ to a local brewer to establish its position in the market.

____________________ is the barter of products for products rather than the sale of products for currency.

Describe the four stages of globalization with specific reference to strategic orientation, stage of development, cultural sensitivity, and manager assumptions.

A country's physical facilities that support economic activities make up its infrastructure.

Recent research by the GLOBE project has extended __________ research and offered new insights for managers.

In Japan, workers are motivated to satisfy the company.

The management of business operations conducted in more than one country is called

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.

_________________________ 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.

Language, values, religion, and education all describe which dimension in the international environment?

Key area(s) of the North American Free Trade Agreement is/are

Which of these statements best describes the importance of international business to the study of management?

______________________________ refers to a person's ability to use reasoning and observation skills to interpret unfamiliar gestures and situations and devise appropriate behavioral responses.

A tendency to regard their own culture as superior and to downgrade other cultures reflects an attitude called geocentric.

Some economic environments of business include resource and product markets, language, religion, and per capita income.

When GATT was created in 1947, how many nations signed on for negotiation?

ABC Manufacturing is in the domestic stage. It has its market potential open to the countries that border its home country.

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

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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