Exam 4: Managing in a Global Environment

The least costly and least risky direct investment is called a greenfield venture.

In the ____________________ stage,exports increase,and the company usually adopts a multidomestic approach,probably using an international division to deal with the marketing of products in several countries individually.

According to the GLOBE Project,a society with a high performance orientation places high emphasis on performance and rewards people for performance improvements and excellence.

The criterion traditionally used to classify countries as developed or developing is per capita income.

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

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

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

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

Geocentric companies are truly world-oriented and favor no specific country.

MNCs that are oriented toward the markets of individual foreign host countries are considered ____________________.

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

Which of these reflects a cultural preference for cooperation,group decision making,and quality of life?

One of Hofstede's social values that was developed later is

Briefly describe the social characteristic of ethnocentrism and explain how this can have an impact on the success of an international manager.

The basic management functions of planning,organizing,leading,and controlling are the same whether a company operates domestically or internationally.

In 2010,which of the following countries formed a free trade area with the ten countries that make up the Association of Southeast Asian Nations (ASEAN)?

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

Resource development,infrastructure,and exchange rates all describe which dimension in the international environment?

Which of the following companies place an emphasis on their home countries?

Briefly describe two personal challenges for global managers.