Question 1

A joint venture is a specific type of ________.

Accepted Answer

A) licensing agreement 
B) franchise 
C) foreign subsidiary 
D) strategic alliance 
A) licensing agreement 
B) franchise 
C) foreign subsidiary 
D) strategic alliance

Question 2

McCain Foods of New Brunswick,Canada,is the world's largest producer of frozen french fries.They sell frozen food products in the U.S.,Britain,France,Germany,and more than 100 other countries around the world.For McCain Foods,________ is the home country,and ________ is a host country.

Accepted Answer

A) the U.S.; Canada 
B) Canada; Britain 
C) Britain; France 
D) France; Germany 
A) the U.S.; Canada 
B) Canada; Britain 
C) Britain; France 
D) France; Germany

Question 3

A(n)________ attitude is characterized by parochialism.

Accepted Answer

A) geocentric 
B) nonlinguistic 
C) globalistic 
D) ethnocentric 
A) geocentric 
B) nonlinguistic 
C) globalistic 
D) ethnocentric

Question 4

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 5

Which of the following international strategies involves the highest level of risk and investment?

Accepted Answer

A) exporting 
B) franchising 
C) strategic alliances 
D) foreign subsidiary 
A) exporting 
B) franchising 
C) strategic alliances 
D) foreign subsidiary

Question 6

Which international expansion strategy did McDonald's Canada use when it opened restaurants in Russia?

Accepted Answer

A) exporting 
B) franchising 
C) strategic alliance 
D) licensing 
A) exporting 
B) franchising 
C) strategic alliance 
D) licensing

Question 7

A high uncertainty avoidance society is threatened by ambiguity and experiences high levels of anxiety.

Accepted Answer

A) True 
 B)False

Question 8

A country that is assertive,believes in acquiring money and goods,and is competitive in nature is said to ________.

Accepted Answer

A) have a high power distance 
B) be achievement oriented 
C) have a long-term orientation 
D) have low risk tolerance 
A) have a high power distance 
B) be achievement oriented 
C) have a long-term orientation 
D) have low risk tolerance

Question 9

Transnational organizations are also known as ________.

Accepted Answer

A) polycentric organizations 
B) borderless organizations 
C) multidomestic organizations 
D) global organizations 
A) polycentric organizations 
B) borderless organizations 
C) multidomestic organizations 
D) global organizations

Question 10

McDonald's Canada,GM Canada,and IBM Canada are all examples of U.S.________ operating in Canada.

Accepted Answer

A) joint ventures 
B) strategic alliances 
C) transnational ventures 
D) subsidiaries 
A) joint ventures 
B) strategic alliances 
C) transnational ventures 
D) subsidiaries

Question 11

McCain Foods of New Brunswick,Canada,is the world's largest producer of frozen french fries.They have manufacturing operations on six continents and employ more than 20,000 people worldwide.They hire the best people from around the globe and have a world-oriented business philosophy.McCain's global perspective is best described as ________.

Accepted Answer

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

Question 12

Planned economies encourage free markets to induce domestic growth.

Accepted Answer

A) True 
 B)False

Question 13

An ethnocentric attitude ________.

Accepted Answer

A) prompts managers to have a global view and look for the best approaches and people regardless of origin 
B) is the belief that the home country has the best work approaches and practices 
C) is the view that employees in the host country know the best work approaches and practices 
D) gives a manager a much broader understanding of what it takes to manage in a global environment 
A) prompts managers to have a global view and look for the best approaches and people regardless of origin 
B) is the belief that the home country has the best work approaches and practices 
C) is the view that employees in the host country know the best work approaches and practices 
D) gives a manager a much broader understanding of what it takes to manage in a global environment

Question 14

Jeff Elliott is on a flight across the Pacific and is excited about his first business trip to Asia. Born and raised in Alberta, Jeff is a manager for a rapidly growing Calgary-based company. His current mission is to scout out potential locations in Asia and develop an international expansion strategy for his company. There are many options, including maintaining the business's head office in Canada and sending over company representatives when necessary or developing a separate company in Asia and hiring locals to manage the business. Jeff's trip will take him to Japan, South Korea, Hong Kong, Taiwan, and China. He is looking forward to learning more about the business practices and customs of each country and is not too worried about the fact that he only speaks English. Jeff has heard that English is considered the main international business language, and he anticipates that most Asians will be able to speak it.
-If Jeff's company decides to open a completely new operation in China,tailoring the company to local customs and marketing strategies and hiring local managers,they would be considered a ________.

Accepted Answer

A) multidomestic corporation 
B) global corporation 
C) strategic alliance 
D) joint venture 
A) multidomestic corporation 
B) global corporation 
C) strategic alliance 
D) joint venture

Question 15

A potential advantage of the ethnocentric attitude is ________.

Accepted Answer

A) greater support from host governments 
B) tighter control of operations 
C) increased flexibility 
D) improved balance between local and global outcomes 
A) greater support from host governments 
B) tighter control of operations 
C) increased flexibility 
D) improved balance between local and global outcomes

Question 16

Joint ventures are a type of ________.

Accepted Answer

A) franchise 
B) foreign subsidiary 
C) strategic alliance 
D) outsourcing partnership 
A) franchise 
B) foreign subsidiary 
C) strategic alliance 
D) outsourcing partnership

Question 17

A potential advantage of the polycentric attitude is ________.

Accepted Answer

A) greater support from host governments 
B) tighter control of operations 
C) increased efficiency 
D) duplication of work 
A) greater support from host governments 
B) tighter control of operations 
C) increased efficiency 
D) duplication of work

Question 18

________ 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 orientation 
D) Long term orientation 
A) Power distance 
B) Uncertainty avoidance 
C) Achievement orientation 
D) Long term orientation

Question 19

According to the GLOBE rankings presented in our textbook,Germany,Spain,and France all rank low on which cultural dimension?

Accepted Answer

A) assertiveness 
B) power distance 
C) performance orientation 
D) humane orientation 
A) assertiveness 
B) power distance 
C) performance orientation 
D) humane orientation

Question 20

Member countries of the EU have unanimously chosen to adopt the euro as their official currency.

Accepted Answer

A) True 
 B)False

A joint venture is a specific type of ________.

McCain Foods of New Brunswick,Canada,is the world's largest producer of frozen french fries.They sell frozen food products in the U.S.,Britain,France,Germany,and more than 100 other countries around the world.For McCain Foods, is the home country,and is a host country.

A(n)________ attitude is characterized by parochialism.

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

Which of the following international strategies involves the highest level of risk and investment?

Which international expansion strategy did McDonald's Canada use when it opened restaurants in Russia?

A high uncertainty avoidance society is threatened by ambiguity and experiences high levels of anxiety.

A country that is assertive,believes in acquiring money and goods,and is competitive in nature is said to ________.

Transnational organizations are also known as ________.

McDonald's Canada,GM Canada,and IBM Canada are all examples of U.S.________ operating in Canada.

Planned economies encourage free markets to induce domestic growth.

An ethnocentric attitude ________.

A potential advantage of the ethnocentric attitude is ________.

Joint ventures are a type of ________.

A potential advantage of the polycentric attitude is ________.

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

According to the GLOBE rankings presented in our textbook,Germany,Spain,and France all rank low on which cultural dimension?

Member countries of the EU have unanimously chosen to adopt the euro as their official currency.

Introduction to Management and Organizations

Organizational Culture and the Organizational Environment

Managing Diversity

Managing Entrepreneurially

Managing Responsibly and Ethically

Innovation and Adaptability

Decision Making

Foundations of Planning

Managing Strategically

Designing Organizational Structure

Managers and Communication

Managing Human Resources

Leadership

Motivating Employees

Managing Groups and Teams

Evidence-Based Decision Making

Filters

Exam 4: Managing in a Global Environment

A joint venture is a specific type of ________.

McCain Foods of New Brunswick,Canada,is the world's largest producer of frozen french fries.They sell frozen food products in the U.S.,Britain,France,Germany,and more than 100 other countries around the world.For McCain Foods,________ is the home country,and ________ is a host country.

A(n)________ attitude is characterized by parochialism.

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

Which of the following international strategies involves the highest level of risk and investment?

Which international expansion strategy did McDonald's Canada use when it opened restaurants in Russia?

A high uncertainty avoidance society is threatened by ambiguity and experiences high levels of anxiety.

A country that is assertive,believes in acquiring money and goods,and is competitive in nature is said to ________.

Transnational organizations are also known as ________.

McDonald's Canada,GM Canada,and IBM Canada are all examples of U.S.________ operating in Canada.

Planned economies encourage free markets to induce domestic growth.

An ethnocentric attitude ________.

A potential advantage of the ethnocentric attitude is ________.

Joint ventures are a type of ________.

A potential advantage of the polycentric attitude is ________.

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

According to the GLOBE rankings presented in our textbook,Germany,Spain,and France all rank low on which cultural dimension?

Member countries of the EU have unanimously chosen to adopt the euro as their official currency.

Introduction to Management and Organizations

Organizational Culture and the Organizational Environment

Managing Diversity

Managing Entrepreneurially

Managing Responsibly and Ethically

Innovation and Adaptability

Decision Making

Foundations of Planning

Managing Strategically

Designing Organizational Structure

Managers and Communication

Managing Human Resources

Leadership

Motivating Employees

Managing Groups and Teams

Evidence-Based Decision Making

Filters

McCain Foods of New Brunswick,Canada,is the world's largest producer of frozen french fries.They sell frozen food products in the U.S.,Britain,France,Germany,and more than 100 other countries around the world.For McCain Foods, is the home country,and is a host country.