Exam 3: Managing in a Global Environment

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As a first step into international business,which two countries are most companies going to today?

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

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Language,values,religion,and education all describe which dimension in the international environment?

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List three examples of a country's infrastructure.

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An alliance begun in 1957 to improve economic and social conditions among its members,?it has evolved into the 27-nation _____.

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Large international firms typically are called multinational corporations.

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Riots,revolutions,civil disorders,and frequent changes in government that affect the operations of an international company shows _____ in a country.

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

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For the past several years,foreign companies have invested more business in India than they spent anywhere else in the world.

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The Maquiladora industry along the Texas-Mexico border on the Mexico side uses cheap labor for assembling products.This lowers the price for U.S.consumers and is an example of:

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A country that places emphasis on fairness and values kindness would be described by the GLOBE Project as high in _____.

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

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The _____ is the single European currency that has replaced 12 national currencies.

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Most American shoppers support the movement of certain jobs overseas if it benefits them in the form of lower prices.

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Jana has a high tolerance for the unstructured,the unclear,and the unpredictable.She can best be described as having:

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List five of the countries that make up the European Union (EU).

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

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Identify and briefly explain at least two key factors in economic,sociocultural,and political-legal environments that affect an organization.

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Business has become a unified,global field as trade barriers fall,communication becomes faster and cheaper,and consumer tastes converge.

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Briefly explain the difference between high power distance and low power distance.

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