Exam 3: Managing in a Global Environment

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

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

Which of the following refers to engaging in the international division of labor so as to obtain the cheapest sources of labor and supplies regardless of country?

In a(n)_____,people use communication primarily to exchange facts and information.

_____ place an emphasis on a worldwide perspective.

An example of global outsourcing is seen when Gap,Inc.uses low-cost Caribbean labor to cheaply produce its clothing,and then finishes off and sells its clothing in the United States.

Kim,a Japanese expatriate working in Denmark,tends to use communication primarily to build personal social relationships.She feels that relationships and trust are more important than business.Kim is surprised that her business associates in Denmark do not share the same views.Based on this information,Kim most likely grew up in what type of culture?

The legal-political environment includes:

Austria's cultural preference is for achievement,heroism,assertiveness,and material success.This would be considered:

A company's risk of loss of assets,earning power,or managerial control due to politically based events or action by host government is referred to as:

A multinational corporation typically receives at least _____ percent of its total sales revenues from outside the parent's home country.

Which organization originated and supports the idea of small businesses operating on a global level?

The primary emphasis of polycentric companies is on their home countries.

Which of the following has a goal to guide the nations of the world toward free trade and open markets?

A.R.C.is a large non-profit humanitarian aid organization that has been forced to pull out of several African markets in recent years due to civil wars and large-scale violence.This demonstrates which frequently cited problem for international companies?

_____ is the criterion traditionally used to classify countries as developed or developing.

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

When Harbor Trades,a Korean-based company,makes resources including technology,managerial skills,and patent and trademark rights available to Nano Technologies,a Russian company,thereby allowing Nano to make products similar to Harbor,it is engaging in exporting.

The goal of the European Union is to create a powerful single market system for Europe's millions of consumers.

The _____ dimension of the global mind-set means knowing about the global environment and global business,mentally understanding how cultures differ,and having the ability to interpret complex global changes.