Exam 4: Global Management: Managing Across Borders

According to the watchdog group Public Citizen,NAFTA is responsible for ____.

The WTO was formed to ____.

Greg,who is from Florida and a geologist for ExxonMobil,decided transfer to an office in Saudi Arabia.Greg is a(n)____.

Multinational organizations expand to take advantage of availability of supplies,new markets,and lower labor costs or to avoid tariffs and import quotas.

The IMF operates as a first or primary lender that makes short-term loans to countries suffering from unfavorable balance of payments because of imports,exports,and other matters.

Peter Agnefjäll,president and CEO of the IKEA Group,spends plenty of time with IKEA employees at all levels.This is an example of individualism/collectivism,which refers to the amount of time the managers,especially upper and middle management,spend with their employees.

An import quota is a trade barrier in the form of a customs duty,or tax,levied mainly on imports.

Sometimes a country's laws forbid foreigners from ownership within their nation,and the only way an American company can have a presence in that foreign country is with a(n)___.

Two managers from an Electronics Mart were talking to Ty,their district manager,about Harriet,the unpopular store manager.Susan,the assistant manager,said,"I believe I speak for other managers and employees when I say that Harriet acts like she knows it all.We all feel that Harriet does not listen to any of us because she always thinks her way is right and does not want to consider any other opinion." Harriet is an example of a geocentric manager;geocentricism is also called parochialism.

John,a construction manager,has been having problems finding quality employees in some of his foreign offices.While speaking with his attorney,Alisha,he mentioned that "in our locations overseas,many of our good employees have been quitting,and as you know,we have numerous lawsuits over personnel policies." Alisha explained that historically,these types of issues are a result of ____ policies.

The law that makes it illegal for employees of U.S.companies to make "questionable" or "dubious" contributions to political decision makers in foreign nations is the _____.

The agreements of the World Trade Organization are based on ____.

Pat is concerned about better knowing the cultural tendencies of her business partners and competitors in Europe and Asia.Pat would be interested in knowing this information because according to the GLOBE project,this can give her a strategic competitive advantage.

Out of GATT came a series of "rounds," or negotiations,that resulted in the lowering of barriers,such as the Uruguay Round.

After a morning of global cultural training,Marie,the vice president of marketing,was having lunch with Ann,who will be managing the new office in South Korea.Marie tells Ann,"There are cultural differences between the U.S.and South Korea that will affect the success of our office.For example,I suggest giving a couple of cans of Spam to your larger customers because Spam is considered elegant." Marie's advice to Ann is good,based on the fact that there are all kinds of cultural differences American managers have to get used to in other countries.

Becoming a world citizen includes being global in focus,but thinking local,learning what's appropriate behavior,knowing your field,and becoming at least minimally skilled in the language of the local country.

A foreign subsidiary is a subsidiary that is partly owned by a foreign government and partly owned by an organization or stockholders.

Like other international companies,Jane is interested in expanding her candle business globally primarily to ___.

An import quota is a(n)____.

The availability of goods,people,and money to be able to move more freely worldwide is known as the flexible economy.