Exam 3: Managing in a Global Environment

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

__________ 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.

__________ companies place an emphasis on a worldwide perspective.

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 ______.

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.

Different laws and regulations make doing business a challenge for international firms.

Explain the three distinctive managerial characteristics of MNCs.

A multinational corporation typically receives more than ______ percent of its total sales revenues from operations outside the parent's home country.

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

The revolutionary wave of protests known as the Arab Spring has created a tumultuous environment for businesses operating in the region.

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

All of the following are cultural dimensions as defined by the GLOBE Project, EXCEPT ____.

Which of these is NOT typically considered part of the flow of globalization?

A company's risk of loss of assets, earning power, or managerial control due to politically based events or actions by host governments is referred to as _________.

In a __________, people use communication primarily to exchange facts and information.

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.

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

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's, it is engaging in exporting.

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

Many companies first get involved internationally by exporting.