Exam 4: Managing in a Global Environment

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?

When organization managers have a(n)____ attitude,they treat employees as resources to be used.

Market risk is defined as the risk of loss of assets,earning power,or managerial control due to politically based events or actions by host governments.

A preference for a loosely knit social framework in which individuals are expected to take care of themselves is called ____________________.

____________________ (objects,taboos,holidays)is a sociocultural factor in the international environment.

____________________ reflects the values of relationships,cooperation,group decision making,and quality of life.

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.

____________________ 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.

Scenario - Sharon Cannon Sharon Cannon was an MBA student in Detroit,Michigan,with a managerial position at the Ford Motor Company plant.She was invited to join a company that had entered into a joint venture with a German firm to manage a Volkswagen plant.Sharon would be under contract for one year,with an option to renew for a total of three years.Her salary would be 350% more than she was currently earning,and she would be given two all-expenses paid vacations each year.The money and the benefits sounded very nice,but Sharon wasn't sure what the best choice would be. -If she should decide to take the job,she will be most successful in a foreign assignment if she has

LDC's are less developed countries and tend to be found in the Southern Hemisphere including Africa,Asia and South America.

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

A high performance orientation means that a society encourages toughness,assertiveness,and competitiveness.

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

How many nations signed on for negotiation when GATT was created in 1947?

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

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

Countries that value high power distances normally have cities that are geographically separated and so have the need to transport electrical energy over large distances.

The social value of uncertainty avoidance is evident in countries like Japan which support beliefs that provide stability and conformity among its citizenry.

An estimated 55 percent of world trade is countertrade.

Linguistic pluralism occurs in countries like India where more than one language exist.