Question 1

People from which of the following countries are in the category of uncertainty acceptance?

Accepted Answer

A) United States 
B) Israel 
C) Austria 
D) Japan 
E) Germany 
A) United States 
B) Israel 
C) Austria 
D) Japan 
E) Germany

Question 2

Which of the following countries is NOT a member of the European Union?

Accepted Answer

A) Romania 
B) Hungary 
C) Poland 
D) Russia 
E) Greece 
A) Romania 
B) Hungary 
C) Poland 
D) Russia 
E) Greece

Question 3

A(n)____________________ is a special type of strategic alliance in which the partners share in the ownership of an operation on an equity basis.

Accepted Answer

The answer of A(n)____________________ is a special type of strategic...

Question 4

In contrast to MNCs,medium-size organizations doing business abroad are much more selective about the markets they enter.

Accepted Answer

A) True 
 B)False

Question 5

Magna International Inc.,a Canadian company,offered to buy Opel,a German company,from GM.This is an example of direct investment.

Accepted Answer

A) True 
 B)False

Question 6

Which of the following is the least intense level of international business strategy?

Accepted Answer

A) Importing/exporting strategy 
B) Joint venture 
C) Licensing strategy 
D) Direct investment 
E) Global sourcing 
A) Importing/exporting strategy 
B) Joint venture 
C) Licensing strategy 
D) Direct investment 
E) Global sourcing

Question 7

Most small businesses rely on simple ____________________ or ____________________ operations (or both)for their international sales.
or

Accepted Answer

importing,

Question 8

Which of the following is a problem associated with the implementation of a direct investment strategy?

Accepted Answer

A) Complexity of decision making 
B) Sharing of profits 
C) Loss of managerial control 
D) Inability to purchase the brand identification of a product 
E) Having to develop an organizational infrastructure 
A) Complexity of decision making 
B) Sharing of profits 
C) Loss of managerial control 
D) Inability to purchase the brand identification of a product 
E) Having to develop an organizational infrastructure

Question 9

Coca-Cola is based out of Atlanta but reaches into hundreds of countries.The product is locally packaged,but the cola inside is essentially the same throughout the world.Coca-Cola is edging closer to being a(n)____ business.

Accepted Answer

A) international 
B) domestic 
C) multinational 
D) intercontinental 
E) global 
A) international 
B) domestic 
C) multinational 
D) intercontinental 
E) global

Question 10

Which of the following is a disadvantage of joint ventures/strategic alliances?

Accepted Answer

A) More rapid market entry 
B) Access to technology 
C) Access to raw materials 
D) Reduced risk 
E) Shared control over operations 
A) More rapid market entry 
B) Access to technology 
C) Access to raw materials 
D) Reduced risk 
E) Shared control over operations

Question 11

In Japan apples are very expensive and are traditionally presented as gifts.The apples are grown with wrapping on each apple to prevent insects and ensure perfect color.When Washington Apples wanted to export to Japan it faced ____ barriers.

Accepted Answer

A) economic. 
B) political-legal. 
C) cultural. 
D) infrastructure. 
E) technological. 
A) economic. 
B) political-legal. 
C) cultural. 
D) infrastructure. 
E) technological.

Question 12

Most MNCs use direct investment exclusively because they are so big they can afford to buy companies.

Accepted Answer

A) True 
 B)False

Question 13

During a recession,governments tend to increase ____ to help protect domestic producers by directly adding to the cost of foreign goods.

Accepted Answer

A) import quotas 
B) export restraints 
C) buy domestic laws 
D) export tariffs 
E) import tariffs 
A) import quotas 
B) export restraints 
C) buy domestic laws 
D) export tariffs 
E) import tariffs

Question 14

Briefly describe the opportunities and problems associated with operating a business in the Middle Eastern oil-exporting countries.

Accepted Answer

Operating a business in Middle Eastern o

Question 15

Describe how planning,organizing,leading,and controlling change for managers in international organizations.

Accepted Answer

Planning, organizing, leading, and contr

Question 16

The United States Department of Defense requires some weapon systems to be made by U.S.companies for national defense reasons.This is an example of

Accepted Answer

A) a quota. 
B) an export restraint agreement. 
C) nationalization. 
D) buy national legislation. 
E) None of these choices 
A) a quota. 
B) an export restraint agreement. 
C) nationalization. 
D) buy national legislation. 
E) None of these choices

Question 17

Which of the following statements is NOT true about the WTO?

Accepted Answer

A) It replaced GATT. 
B) It promotes trade between nations. 
C) It reduces trade barriers through negotiations. 
D) It actively supports human rights and the environment. 
E) It resolves trade disputes between its members. 
A) It replaced GATT. 
B) It promotes trade between nations. 
C) It reduces trade barriers through negotiations. 
D) It actively supports human rights and the environment. 
E) It resolves trade disputes between its members.

Question 18

Dumping is selling items for more than fair market value.

Accepted Answer

A) True 
 B)False

Question 19

Satellites,shipping ports,railroads,and airports are part of a nation's

Accepted Answer

A) natural resources. 
B) political system. 
C) cultural environment. 
D) infrastructure. 
E) technological environment. 
A) natural resources. 
B) political system. 
C) cultural environment. 
D) infrastructure. 
E) technological environment.

Question 20

France has a relatively low level of government ownership among the market economies.

Accepted Answer

A) True 
 B)False

Exam 5: The Global Environment

People from which of the following countries are in the category of uncertainty acceptance?

Which of the following countries is NOT a member of the European Union?

A(n)____________________ is a special type of strategic alliance in which the partners share in the ownership of an operation on an equity basis.

In contrast to MNCs,medium-size organizations doing business abroad are much more selective about the markets they enter.

Magna International Inc.,a Canadian company,offered to buy Opel,a German company,from GM.This is an example of direct investment.

Which of the following is the least intense level of international business strategy?

Most small businesses rely on simple ____________________ or ____________________ operations (or both)for their international sales. or

Which of the following is a problem associated with the implementation of a direct investment strategy?

Coca-Cola is based out of Atlanta but reaches into hundreds of countries.The product is locally packaged,but the cola inside is essentially the same throughout the world.Coca-Cola is edging closer to being a(n)____ business.

Which of the following is a disadvantage of joint ventures/strategic alliances?

In Japan apples are very expensive and are traditionally presented as gifts.The apples are grown with wrapping on each apple to prevent insects and ensure perfect color.When Washington Apples wanted to export to Japan it faced ____ barriers.

Most MNCs use direct investment exclusively because they are so big they can afford to buy companies.

During a recession,governments tend to increase ____ to help protect domestic producers by directly adding to the cost of foreign goods.

Briefly describe the opportunities and problems associated with operating a business in the Middle Eastern oil-exporting countries.

Describe how planning,organizing,leading,and controlling change for managers in international organizations.

The United States Department of Defense requires some weapon systems to be made by U.S.companies for national defense reasons.This is an example of

Which of the following statements is NOT true about the WTO?

Dumping is selling items for more than fair market value.

Satellites,shipping ports,railroads,and airports are part of a nation's

France has a relatively low level of government ownership among the market economies.

Managing and the Managers Job

Traditional and Contemporary Issues and Challenges

The Environment and Culture of Organizations

The Ethical and Social Environment

The Multicultural Environment

Basic Elements of Planning and Decision Making

Managing Strategy and Strategic Planning

Managing Decision Making and Problem Solving

Managing New Venture Formation and Entrepreneurship

Basic Elements of Organizing

Managing Organization Design

Managing Organization Change and Innovation

Managing Human Resources in Organizations

Basic Elements of Individual Behavior in Organizations

Managing Employee Motivation and Performance

Managing Leadership and Influence Processes

Managing Interpersonal Relations and Communication

Managing Work Groups and Teams

Basic Elements of Control

Managing Operations, Quality, and Productivity

Managing Information and Information Technology

Filters

Most small businesses rely on simple or operations (or both)for their international sales. or