Exam 5: Managing in the Global Arena

Host-country nationals do not need to be relocated or undergo training in the culture, language, or tax laws of the country where the organization is doing business.

Establishing a formal partnership with a foreign company is a form of international management.

An American clothing manufacturer has recently purchased a clothing factory in Taiwan. This action is known as ________.

Repatriation is the process of ensuring the adjustment of a worker to a foreign country.

In order to be classified as a domestic corporation, a corporation must acquire all resources and sell all products within one country.

Managers with an ethnocentric attitude are prone to stereotype foreign management practices as faulty and unreasonable.

Which of the following is true for employees of multinational organizations?

BLT is a sandwich chain based in Boston. Word-of-mouth popularity opened up the market and the company is now opening branches in New Jersey and Connecticut as well. The company sources all its raw materials locally and makes it a point to use sustainable practices. Which of the following actions would make BLT a multinational company?

What can managers in multinational corporations do to influence employees?

Which of the following is a characteristic of domestic management?

What are the six stages of multinationalization? What activities does a company perform at each stage?

Define the different categories of organizations by extent of international involvement.

France is a country where employees tend to follow whatever their managers say. They do not question the authority of their managers. Which of the following statements can be deduced from this information?

Adam & Sons is a fifty-year-old watch company based in Alabama. The major bulk of its sales has always taken place within the U.S. Adam & Sons recently became the sole U.S. distributors for Japanese watch manufacturer TLC. Adam & Sons would therefore be classified as a(n) ________.

A company investing in international operations is known as the ________.

During ________ training, the expatriates learn about the specific organizational roles that they are required to perform in the foreign country.

A license agreement is a right granted by one company to another to use its brand name and technology in the manufacture or sale of goods and services.

When a company provides an expatriate with basic information about life in a foreign country, such as personal safety, who to call in an emergency, and how to write a check, the company is providing training in ________.

March Hare Entertainment is a media company in London that specializes in bizarre and sometimes shocking campaigns. The firm is looking to expand into other countries, but will require a culture that is very similar to its home culture: open to experimentation and risk and not authoritarian. Which of the following countries is the best option for March Hare?

The European Union is an example of an international market agreement.