Exam 3: Managing in a Global Environment

Collectivism means a preference for a tightly knit social framework in which individuals look after one another and organizations protect their members' interests.

Your company is interested in producing and marketing a line of coffee that will penetrate the Chinese market.Your firm is willing to supply the equipment,products,product ingredients,trademark,and standardized operating system to entrepreneurs.What type of strategy are you going to use?

Licensing means engaging in the international division of labor so that work activities can be done in countries with the cheapest sources of labor and supplies.

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

The estimated 2010 misery index figures suggest significantly less misery for almost every country as compared to figures at the beginning of the century.

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

Many U.S.managers fail to realize that the values and behaviors that typically govern how business is done in the United States do not translate to the rest of the world.

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

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

The extent to which trade and investments,information,social and cultural ideas,and political cooperation flow between countries is called:

Which of the following countries possesses a high degree of assertiveness?

Your grocery store in India is having trouble getting the local farmers to supply you with the proper produce.This is a problem with India's:

An MNC is managed as an integrated worldwide business system.

According to the GLOBE Project,gender differentiation refers to the extent to which a society maximizes gender role differences.

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.

All of the following are cultural dimensions as defined by the GLOBE Project,except:

Explain NAFTA.

_____ stands for preference for achievement,heroism,assertiveness,work centrality (with resultant high stress),and material success.

The Digitec company has recently decided to design and manufacture a laptop that retails for under $50,in an effort to make information technology available to people in places like rural Africa and rural India.This is known as what type of strategy?

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