Question 1

A ________ economy is one in which resources are primarily owned and controlled by the private sector.

Accepted Answer

A)  free market 
B)  planned 
C)  command 
D)  technocratic 
A)  free market 
B)  planned 
C)  command 
D)  technocratic

Question 2

One of the hottest topics of your talk will be the North American Free Trade Agreement.One of the points that you will emphasize is that ________.

Accepted Answer

A)  between 1994 and 2007, merchandise trade between the United States, Canada, and Mexico increased slightly 
B)  a large number of people continue to migrate from Mexico to the United States in search of jobs and prosperity 
C)  as of 2012, it is the second largest trade bloc in the world in terms of the combined gross domestic product of its members 
D)  Mexico is struggling to prosper from the free trade agreement 
A)  between 1994 and 2007, merchandise trade between the United States, Canada, and Mexico increased slightly 
B)  a large number of people continue to migrate from Mexico to the United States in search of jobs and prosperity 
C)  as of 2012, it is the second largest trade bloc in the world in terms of the combined gross domestic product of its members 
D)  Mexico is struggling to prosper from the free trade agreement

Question 3

One section of Shana's company's business plan involves setting up a foreign subsidiary.This arrangement involves ________.

Accepted Answer

A)  making products domestically and selling them abroad 
B)  Shana's company giving the foreign subsidiary the right to use its brand name 
C)  directly investing in a foreign country 
D)  minimum global investment 
A)  making products domestically and selling them abroad 
B)  Shana's company giving the foreign subsidiary the right to use its brand name 
C)  directly investing in a foreign country 
D)  minimum global investment

Question 4

Theodore and James decide to enter into an agreement with a firm in Europe allowing them to use the rights to their software, brand name, and software specifications in return for a lump sum payment.The firm is a service organization that plans to use the software to assist its customers.Their agreement is a(n) ________.

Accepted Answer

A)  export agreement 
B)  licensing agreement 
C)  franchise agreement 
D)  import agreement 
A)  export agreement 
B)  licensing agreement 
C)  franchise agreement 
D)  import agreement

Question 5

________ is a measure of the degree to which people rely on social norms and procedures to alleviate the unpredictability of future events.

Accepted Answer

A)  Power distance 
B)  Uncertainty avoidance 
C)  Achievement 
D)  Nurturing 
A)  Power distance 
B)  Uncertainty avoidance 
C)  Achievement 
D)  Nurturing

Question 6

________ is a cultural dimension in which people expect others in their group to look after them and protect them.

Accepted Answer

A)  Low uncertainty avoidance 
B)  Achievement 
C)  Collectivism 
D)  High power distance 
A)  Low uncertainty avoidance 
B)  Achievement 
C)  Collectivism 
D)  High power distance

Question 7

When an organization makes products domestically and sells them abroad, it indulges in ________.

Accepted Answer

A)  importing 
B)  exporting 
C)  licensing 
D)  franchising 
A)  importing 
B)  exporting 
C)  licensing 
D)  franchising

Question 8

A country where people look to the future and value thrift and persistence is said to ________.

Accepted Answer

A)  have an individualistic attitude 
B)  have a long-term orientation 
C)  be nurturing 
D)  be achievement oriented 
A)  have an individualistic attitude 
B)  have a long-term orientation 
C)  be nurturing 
D)  be achievement oriented

Question 9

A(n) ________ is a specific type of strategic alliance in which the partners form a separate, independent organization for some business purpose.

Accepted Answer

A)  equity strategic alliance 
B)  joint venture 
C)  global venture 
D)  nonequity strategic alliance 
A)  equity strategic alliance 
B)  joint venture 
C)  global venture 
D)  nonequity strategic alliance

Question 10

The international operations of their firm continues to grow.Theodore and James have realized that decentralized management using foreign nationals to run operations in the host countries works best.Their firm has developed into a ________ organization.

Accepted Answer

A)  transnational 
B)  multidomestic 
C)  borderless 
D)  global 
A)  transnational 
B)  multidomestic 
C)  borderless 
D)  global

Question 11

A(n) ________ attitude is the view that employees in the host country know the best practices for running their operations.

Accepted Answer

A)  ethnocentric 
B)  polycentric 
C)  geocentric 
D)  regiocentric 
A)  ethnocentric 
B)  polycentric 
C)  geocentric 
D)  regiocentric

Question 12

How many members does The African Union have?

Accepted Answer

A)  78 
B)  53 
C)  64 
D)  49 
A)  78 
B)  53 
C)  64 
D)  49

Question 13

Monolingualism is one sign that a nation suffers from ________.

Accepted Answer

A)  parochialism 
B)  ethnocentrism 
C)  polycentrism 
D)  geocentrism 
A)  parochialism 
B)  ethnocentrism 
C)  polycentrism 
D)  geocentrism

Question 14

The World Trade Organization was formed in the year ________.

Accepted Answer

A)  1995 
B)  1967 
C)  1971 
D)  1983 
A)  1995 
B)  1967 
C)  1971 
D)  1983

Question 15

The Global Leadership and Organizational Behavior Effectiveness program identified ________ dimensions on which national cultures differ.

Accepted Answer

A)  five 
B)  seven 
C)  nine 
D)  eleven 
A)  five 
B)  seven 
C)  nine 
D)  eleven

Question 16

A(n) ________ attitude is characterized by parochialism.

Accepted Answer

A)  geocentric 
B)  acculturated 
C)  multilinguistic 
D)  ethnocentric 
A)  geocentric 
B)  acculturated 
C)  multilinguistic 
D)  ethnocentric

Question 17

A transnational organization reflects an ethnocentric attitude.

Accepted Answer

A) True 
 B)False

Question 18

The ________ decentralizes its management and other decisions to the local country.

Accepted Answer

A)  multidomestic corporation 
B)  global company 
C)  transnational organization 
D)  borderless organization 
A)  multidomestic corporation 
B)  global company 
C)  transnational organization 
D)  borderless organization

Question 19

Which of the following is currently under negotiation by 34 countries in the Western Hemisphere?

Accepted Answer

A)  African Union 
B)  Free Trade Area of the Americas 
C)  Mercosur 
D)  African Community 
A)  African Union 
B)  Free Trade Area of the Americas 
C)  Mercosur 
D)  African Community

Question 20

Managers with a(n) ________ attitude view every foreign operation as different and hard to understand.

Accepted Answer

A)  geocentric 
B)  polycentric 
C)  ethnocentric 
D)  regiocentric 
A)  geocentric 
B)  polycentric 
C)  ethnocentric 
D)  regiocentric

A ________ economy is one in which resources are primarily owned and controlled by the private sector.

One of the hottest topics of your talk will be the North American Free Trade Agreement.One of the points that you will emphasize is that ________.

One section of Shana's company's business plan involves setting up a foreign subsidiary.This arrangement involves ________.

________ is a measure of the degree to which people rely on social norms and procedures to alleviate the unpredictability of future events.

________ is a cultural dimension in which people expect others in their group to look after them and protect them.

When an organization makes products domestically and sells them abroad, it indulges in ________.

A country where people look to the future and value thrift and persistence is said to ________.

A(n) ________ is a specific type of strategic alliance in which the partners form a separate, independent organization for some business purpose.

The international operations of their firm continues to grow.Theodore and James have realized that decentralized management using foreign nationals to run operations in the host countries works best.Their firm has developed into a ________ organization.

A(n) ________ attitude is the view that employees in the host country know the best practices for running their operations.

How many members does The African Union have?

Monolingualism is one sign that a nation suffers from ________.

The World Trade Organization was formed in the year ________.

The Global Leadership and Organizational Behavior Effectiveness program identified ________ dimensions on which national cultures differ.

A(n) ________ attitude is characterized by parochialism.

A transnational organization reflects an ethnocentric attitude.

The ________ decentralizes its management and other decisions to the local country.

Which of the following is currently under negotiation by 34 countries in the Western Hemisphere?

Managers with a(n) ________ attitude view every foreign operation as different and hard to understand.

Management and Organizations

Understanding Management: Constraints and Challenges

Managing Diversity

Managing Social Responsibility and Ethics

Managers As Decision Makers

Managing Change and Innovation

Foundations of Planning

Strategic Management

Managerial Controls

Basic Organizational Design

Adaptive Organizational Design

Managing Human Resources

Managing Teams

Understanding Individual Behavior

Managers and Communication

Motivating Employees

Managers As Leaders

Filters

Exam 3: Managing in a Global Environment

A ________ economy is one in which resources are primarily owned and controlled by the private sector.

One of the hottest topics of your talk will be the North American Free Trade Agreement.One of the points that you will emphasize is that ________.

One section of Shana's company's business plan involves setting up a foreign subsidiary.This arrangement involves ________.

________ is a measure of the degree to which people rely on social norms and procedures to alleviate the unpredictability of future events.

________ is a cultural dimension in which people expect others in their group to look after them and protect them.

When an organization makes products domestically and sells them abroad, it indulges in ________.

A country where people look to the future and value thrift and persistence is said to ________.

A(n) ________ is a specific type of strategic alliance in which the partners form a separate, independent organization for some business purpose.

The international operations of their firm continues to grow.Theodore and James have realized that decentralized management using foreign nationals to run operations in the host countries works best.Their firm has developed into a ________ organization.

A(n) ________ attitude is the view that employees in the host country know the best practices for running their operations.

How many members does The African Union have?

Monolingualism is one sign that a nation suffers from ________.

The World Trade Organization was formed in the year ________.

The Global Leadership and Organizational Behavior Effectiveness program identified ________ dimensions on which national cultures differ.

A(n) ________ attitude is characterized by parochialism.

A transnational organization reflects an ethnocentric attitude.

The ________ decentralizes its management and other decisions to the local country.

Which of the following is currently under negotiation by 34 countries in the Western Hemisphere?

Managers with a(n) ________ attitude view every foreign operation as different and hard to understand.

Management and Organizations

Understanding Management: Constraints and Challenges

Managing Diversity

Managing Social Responsibility and Ethics

Managers As Decision Makers

Managing Change and Innovation

Foundations of Planning

Strategic Management

Managerial Controls

Basic Organizational Design

Adaptive Organizational Design

Managing Human Resources

Managing Teams

Understanding Individual Behavior

Managers and Communication

Motivating Employees

Managers As Leaders

Filters