Question 1

Hofstede's research has shown there are:

Accepted Answer

A)  no cultural differences among nations in which Spanish is the national language 
B)  two distinct methods for dealing with cultural differences--adaptation and continuation 
C)  direct relationships existing between type of infrastructures and growth potential 
D)  five consistent dimensions of cultural differences across countries 
E)  four factors upon which a company should base its decision to globalize 
A)  no cultural differences among nations in which Spanish is the national language 
B)  two distinct methods for dealing with cultural differences--adaptation and continuation 
C)  direct relationships existing between type of infrastructures and growth potential 
D)  five consistent dimensions of cultural differences across countries 
E)  four factors upon which a company should base its decision to globalize D

Question 2

More than any other regional trade agreement, the Maastricht Treaty of Europe liberalizes trade between countries so that businesses can plan to operate in a single market instead of multiple national markets.

Accepted Answer

A) True 
 B)False  False

Question 3

Export restraints, government subsidies, and quotas are all examples of nontariff trade barriers.

Accepted Answer

A) True 
 B)False  True

Question 4

The two general kinds of trade barriers are:

Accepted Answer

A)  government import standards and industry import standards 
B)  qualitative and quantitative barriers 
C)  voluntary and involuntary barriers 
D)  nationalistic and geocentric barriers 
E)  tariff barriers and nontariff barriers 
A)  government import standards and industry import standards 
B)  qualitative and quantitative barriers 
C)  voluntary and involuntary barriers 
D)  nationalistic and geocentric barriers 
E)  tariff barriers and nontariff barriers

Question 5

In a multinational firm, managers at company headquarters typically prefer an emphasis on __________ because it simplifies decisions.

Accepted Answer

A)  local consistency 
B)  local adaptation 
C)  global adaptation 
D)  global consistency 
E)  domestic adaptation 
A)  local consistency 
B)  local adaptation 
C)  global adaptation 
D)  global consistency 
E)  domestic adaptation

Question 6

What are the strategies that can be used to minimize or adapt to the political risk inherent to global business?

Accepted Answer

A)  protectionist, avoidance, and offensive strategies 
B)  creative, cooperative, and defensive strategies 
C)  cooperative, customary, and nationalistic strategies 
D)  avoidance, protectionist, and guerrilla strategies 
E)  control, avoidance, and cooperative strategies 
A)  protectionist, avoidance, and offensive strategies 
B)  creative, cooperative, and defensive strategies 
C)  cooperative, customary, and nationalistic strategies 
D)  avoidance, protectionist, and guerrilla strategies 
E)  control, avoidance, and cooperative strategies

Question 7

Historically, companies have generally followed the phase model of globalization.

Accepted Answer

A) True 
 B)False

Question 8

Which of the following represents the correct sequence for the phase model of globalization?

Accepted Answer

A)  exporting; wholly owned affiliates; cooperative contracts; strategic alliances 
B)  exporting; cooperative contracts; wholly owned affiliates; strategic alliances 
C)  exporting; cooperative contracts; strategic alliances; wholly owned affiliates 
D)  exporting; strategic alliances; cooperative contracts; wholly owned affiliates 
E)  home country sales; exporting; job ventures; strategic alliances, and direct investment 
A)  exporting; wholly owned affiliates; cooperative contracts; strategic alliances 
B)  exporting; cooperative contracts; wholly owned affiliates; strategic alliances 
C)  exporting; cooperative contracts; strategic alliances; wholly owned affiliates 
D)  exporting; strategic alliances; cooperative contracts; wholly owned affiliates 
E)  home country sales; exporting; job ventures; strategic alliances, and direct investment

Question 9

Two factors help determine the growth potential of foreign markets. They are foreign competition and:

Accepted Answer

A)  communications and transportation systems 
B)  purchasing power 
C)  political stability 
D)  creative differences 
E)  product diffusion rate 
A)  communications and transportation systems 
B)  purchasing power 
C)  political stability 
D)  creative differences 
E)  product diffusion rate

Question 10

An expatriate is someone who:

Accepted Answer

A)  claims dual citizenship 
B)  lives and works outside of his or her own country 
C)  believes strongly in nationalization 
D)  is unhappy with his or her present residence 
E)  desires to be employed in a country outside of his or her own 
A)  claims dual citizenship 
B)  lives and works outside of his or her own country 
C)  believes strongly in nationalization 
D)  is unhappy with his or her present residence 
E)  desires to be employed in a country outside of his or her own

Question 11

The trade agreement that represented the most significant change to the regulations governing global trade during the 1990s was the:

Accepted Answer

A)  Maastricht Treaty of Europe 
B)  North American Free Trade Agreement 
C)  General Agreement on Tariffs and Trade 
D)  Mercosur 
E)  Asian Free Trade Arrangement 
A)  Maastricht Treaty of Europe 
B)  North American Free Trade Agreement 
C)  General Agreement on Tariffs and Trade 
D)  Mercosur 
E)  Asian Free Trade Arrangement

Question 12

A country or region that has an attractive business climate for companies that want to go global has:

Accepted Answer

A)  a large population of unskilled workers 
B)  an effective and cost-efficient place to build an office or manufacturing site 
C)  a small youth population 
D)  natural boundaries 
E)  all of these 
A)  a large population of unskilled workers 
B)  an effective and cost-efficient place to build an office or manufacturing site 
C)  a small youth population 
D)  natural boundaries 
E)  all of these

Exam 8: Global Management: Part A

Hofstede's research has shown there are:

More than any other regional trade agreement, the Maastricht Treaty of Europe liberalizes trade between countries so that businesses can plan to operate in a single market instead of multiple national markets.

Export restraints, government subsidies, and quotas are all examples of nontariff trade barriers.

The two general kinds of trade barriers are:

In a multinational firm, managers at company headquarters typically prefer an emphasis on __________ because it simplifies decisions.

What are the strategies that can be used to minimize or adapt to the political risk inherent to global business?

Historically, companies have generally followed the phase model of globalization.

Which of the following represents the correct sequence for the phase model of globalization?

Two factors help determine the growth potential of foreign markets. They are foreign competition and:

An expatriate is someone who:

The trade agreement that represented the most significant change to the regulations governing global trade during the 1990s was the:

A country or region that has an attractive business climate for companies that want to go global has:

Management

Management: Part A

Management: Part B

History of Management

History of Management: Part A

History of Management: Part B

Organizational Environments and Cultures

Organizational Environments and Cultures: Part A

Organizational Environments and Cultures: Part B

Ethics and Social Responsibility

Ethics and Social Responsibility: Part A

Ethics and Social Responsibility: Part B

Planning and Decision Making

Planning and Decision Making: Part A

Planning and Decision Making: Part B

Organizational Strategy

Organizational Strategy: Part A

Organizational Strategy: Part B

Innovation and Change

Innovation and Change: Part A

Innovation and Change: Part B

Global Management

Global Management: Part B

Designing Adaptive Organizations

Designing Adaptive Organizations: Part A

Designing Adaptive Organizations: Part B

Managing Teams

Managing Teams: Part A

Managing Teams: Part B

Managing Human Resource Systems

Managing Human Resource Systems: Part A

Managing Human Resource Systems: Part B

Managing Individuals and a Diverse Work Force

Managing Individuals and a Diverse Work Force: Part A

Managing Individuals and a Diverse Work Force: Part B

Motivation

Motivation: Part A

Motivation: Part B

Leadership

Leadership: Part A

Leadership: Part B

Managing Communication

Managing Communication: Part A

Managing Communication: Part B

Control

Control: Part A

Control: Part B

Managing Information

Managing Information: Part A

Managing Information: Part B

Managing Service and Manufacturing Operations

Managing Service and Manufacturing Operations: Part A

Managing Service and Manufacturing Operations: Part B

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