Question 1

Describe NAFTA. What is its purpose? What benefits and problems have resulted from this agreement?

Accepted Answer

The North American Free Trade Agreement

Question 2

Developing a more globally interdependent system defines nationalism.

Accepted Answer

A) True 
 B)False

Question 3

George, who owns an international grocery store in Ohio, has benefited highly from the trading bloc that allows him to purchase food products from Central American nations at a nice discount. With many of his customers from Costa Rica, the Dominican Republic and Guatemala, he has benefited from the trading bloc known as _____.

Accepted Answer

A)  APEC 
B)  CAFTA-DR 
C)  NAFTA 
D)  EU 
E)  Mercosur 
A)  APEC 
B)  CAFTA-DR 
C)  NAFTA 
D)  EU 
E)  Mercosur

Question 4

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

Accepted Answer

A)  globalist 
B)  internationalist 
C)  global patriot 
D)  expatriate 
E)  migrator 
A)  globalist 
B)  internationalist 
C)  global patriot 
D)  expatriate 
E)  migrator

Question 5

In 1999, the top exporting nation was the United States, but in 2013 the world's top exporting nation was Japan.

Accepted Answer

A) True 
 B)False

Question 6

Jose, the owner of a citrus farm in Mexico, discovers the United States is offering a new larger tariff on the import of Mexican-grown oranges A tariff is a bonus paid to foreign companies by the American government on imported products.

Accepted Answer

A) True 
 B)False

Question 7

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.

Accepted Answer

A)  geocentric 
B)  ethnocentric 
C)  synergy 
D)  MBO 
E)  polycentric 
A)  geocentric 
B)  ethnocentric 
C)  synergy 
D)  MBO 
E)  polycentric

Question 8

Within the European Union, most internal trade barriers have been eliminated, giving the EU an association of borderless neighbors and the world's largest free market.

Accepted Answer

A) True 
 B)False

Question 9

Anna, the owner of a café, attended an entrepreneurial conference where they spoke about in-group collectivism from the GLOBE project, which expresses ____.

Accepted Answer

A)  how much patriotism and loyalty people should have for their country 
B)  the degree to which a society's members expect power to be unequally shared 
C)  the extent that individuals are encouraged and rewarded for group loyalty versus pursuing individual goals 
D)  the extent to which a society encourages investment in the future, as by planning and saving 
E)  how much pride and loyalty people should have for their family or organization 
A)  how much patriotism and loyalty people should have for their country 
B)  the degree to which a society's members expect power to be unequally shared 
C)  the extent that individuals are encouraged and rewarded for group loyalty versus pursuing individual goals 
D)  the extent to which a society encourages investment in the future, as by planning and saving 
E)  how much pride and loyalty people should have for their family or organization

Question 10

Tom and his fiancé Susan decided to have their wedding on a beach in Acapulco, Mexico. Some services for the wedding, such as the limousine and the catering services, were local. Throughout the weekend of the wedding, the couple found that workers and things for their wedding arrived late. In response, the Mexican workers remarked, "Ustedes tiene que ser flexibles," which in English means, you have to be flexible with time. This attitude regarding time is considered _____.

Accepted Answer

A)  inflexible 
B)  polychornic time 
C)  cultural time 
D)  monochronic time 
E)  one-dimensional 
A)  inflexible 
B)  polychornic time 
C)  cultural time 
D)  monochronic time 
E)  one-dimensional

Question 11

The study of international management is not important for some people because most individuals and companies are not affected by global companies.

Accepted Answer

A) True 
 B)False

Question 12

Adriana, a CEO, is interested in expanding her clothing business globally. She loves the excitement and challenge of forming something new that is totally owned and controlled by her organization, knowing that the risky investment will possibly yield a large return. Adriana's desire to form a firm that is totally owned and controlled by her company is an example of a wholly owned subsidiary.

Accepted Answer

A) True 
 B)False

Question 13

To complete the Johnson family's new home in Ohio, Top Builders, an American construction company specializing in new homes, utilized a Swiss company that specializes in fine-quality doors, using the wood of trees from the Alps region. Top's use of a foreign company's products and labor is known as offshoring.

Accepted Answer

A) True 
 B)False

Question 14

The WTO was formed to ____.

Accepted Answer

A)  oversee worldwide mergers 
B)  monitor business start-ups globally 
C)  monitor and enforce trade agreements 
D)  scrutinize multinational organizations 
E)  keep an eye on working terrorists 
A)  oversee worldwide mergers 
B)  monitor business start-ups globally 
C)  monitor and enforce trade agreements 
D)  scrutinize multinational organizations 
E)  keep an eye on working terrorists

Question 15

China has been accused by shrimpers in South Louisiana of selling shrimp in the United States at a lower price than U.S. suppliers to drive down the price of American shrimp. The U.S. shrimpers are accusing the Chinese of ___.

Accepted Answer

A)  outsourcing 
B)  applying import quotas 
C)  trade protectionism 
D)  dumping 
E)  establishing an embargo 
A)  outsourcing 
B)  applying import quotas 
C)  trade protectionism 
D)  dumping 
E)  establishing an embargo

Question 16

A government's seizure of a domestic or foreign company's assets is known as ____.

Accepted Answer

A)  expropriation 
B)  diversification 
C)  outsourcing 
D)  embargoing 
E)  globalizing 
A)  expropriation 
B)  diversification 
C)  outsourcing 
D)  embargoing 
E)  globalizing

Question 17

Discuss the purpose of each of these organizations: the World Trade Organization, World Bank, and International Monetary Fund.

Accepted Answer

The WTO (World Trade Organization) serve

Question 18

Philippe is from the Mediterranean coast of Greece and Sasha is from Iran. In their grocery store, this married couple is used to focusing on one task at a time rather than multitasking. This focused work habit by Philippe and Sasha is based on polychronic time.

Accepted Answer

A) True 
 B)False

Question 19

The GLOBE project is an ongoing cross-cultural investigation of nine cultural dimensions involved in ___ processes.

Accepted Answer

A)  family and relationship 
B)  leadership and organizational 
C)  MBO and planning 
D)  diversity and synergy 
E)  profit and cost-cutting 
A)  family and relationship 
B)  leadership and organizational 
C)  MBO and planning 
D)  diversity and synergy 
E)  profit and cost-cutting

Question 20

David, an owner of a small business, is researching the current value of his products when they are bartered on the global market. This market rate of an organization's products when they are bartered is known as the exchange rate.

Accepted Answer

A) True 
 B)False

Describe NAFTA. What is its purpose? What benefits and problems have resulted from this agreement?

Developing a more globally interdependent system defines nationalism.

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

In 1999, the top exporting nation was the United States, but in 2013 the world's top exporting nation was Japan.

Jose, the owner of a citrus farm in Mexico, discovers the United States is offering a new larger tariff on the import of Mexican-grown oranges A tariff is a bonus paid to foreign companies by the American government on imported products.

Within the European Union, most internal trade barriers have been eliminated, giving the EU an association of borderless neighbors and the world's largest free market.

Anna, the owner of a café, attended an entrepreneurial conference where they spoke about in-group collectivism from the GLOBE project, which expresses ____.

The study of international management is not important for some people because most individuals and companies are not affected by global companies.

The WTO was formed to ____.

China has been accused by shrimpers in South Louisiana of selling shrimp in the United States at a lower price than U.S. suppliers to drive down the price of American shrimp. The U.S. shrimpers are accusing the Chinese of ___.

A government's seizure of a domestic or foreign company's assets is known as ____.

Discuss the purpose of each of these organizations: the World Trade Organization, World Bank, and International Monetary Fund.

Philippe is from the Mediterranean coast of Greece and Sasha is from Iran. In their grocery store, this married couple is used to focusing on one task at a time rather than multitasking. This focused work habit by Philippe and Sasha is based on polychronic time.

The GLOBE project is an ongoing cross-cultural investigation of nine cultural dimensions involved in ___ processes.

David, an owner of a small business, is researching the current value of his products when they are bartered on the global market. This market rate of an organization's products when they are bartered is known as the exchange rate.

The Exceptional Manager: What You Do, How You Do It

Management Theory: Essential Background for the Successful Manager

The Managers Changing Work Environment and Ethical Responsibilities: Doing the Right Thing

Planning: The Foundation of Successful Management

Strategic Management: How Exceptional Managers Realize a Grand Design

Individual and Group Decision Making: How Managers Make Things Happen

Organizational Culture, Structure, and Design: Building Blocks of the Organization

Human Resource Management: Getting the Right People for Managerial Success

Organizational Change and Innovation: Lifelong Challenges for the Exceptional Manager

Managing Individual Differences and Behavior: Supervising People As People

Motivating Employees: Achieving Superior Performance in the Workplace

Groups and Teams: Increasing Cooperation, Reducing Conflict

Power, Influence, and Leadership: From Becoming a Manager to Becoming a Leader

Interpersonal and Organizational Communication: Mastering the Exchange of Information

Control Systems and Quality Management: Techniques for Enhancing Organizational Effectiveness

Filters

Exam 4: Global Management: Managing Across Borders

Describe NAFTA. What is its purpose? What benefits and problems have resulted from this agreement?

Developing a more globally interdependent system defines nationalism.

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

In 1999, the top exporting nation was the United States, but in 2013 the world's top exporting nation was Japan.

Jose, the owner of a citrus farm in Mexico, discovers the United States is offering a new larger tariff on the import of Mexican-grown oranges A tariff is a bonus paid to foreign companies by the American government on imported products.

Within the European Union, most internal trade barriers have been eliminated, giving the EU an association of borderless neighbors and the world's largest free market.

Anna, the owner of a café, attended an entrepreneurial conference where they spoke about in-group collectivism from the GLOBE project, which expresses ____.

The study of international management is not important for some people because most individuals and companies are not affected by global companies.

The WTO was formed to ____.

China has been accused by shrimpers in South Louisiana of selling shrimp in the United States at a lower price than U.S. suppliers to drive down the price of American shrimp. The U.S. shrimpers are accusing the Chinese of ___.

A government's seizure of a domestic or foreign company's assets is known as ____.

Discuss the purpose of each of these organizations: the World Trade Organization, World Bank, and International Monetary Fund.

Philippe is from the Mediterranean coast of Greece and Sasha is from Iran. In their grocery store, this married couple is used to focusing on one task at a time rather than multitasking. This focused work habit by Philippe and Sasha is based on polychronic time.

The GLOBE project is an ongoing cross-cultural investigation of nine cultural dimensions involved in ___ processes.

David, an owner of a small business, is researching the current value of his products when they are bartered on the global market. This market rate of an organization's products when they are bartered is known as the exchange rate.

The Exceptional Manager: What You Do, How You Do It

Management Theory: Essential Background for the Successful Manager

The Managers Changing Work Environment and Ethical Responsibilities: Doing the Right Thing

Planning: The Foundation of Successful Management

Strategic Management: How Exceptional Managers Realize a Grand Design

Individual and Group Decision Making: How Managers Make Things Happen

Organizational Culture, Structure, and Design: Building Blocks of the Organization

Human Resource Management: Getting the Right People for Managerial Success

Organizational Change and Innovation: Lifelong Challenges for the Exceptional Manager

Managing Individual Differences and Behavior: Supervising People As People

Motivating Employees: Achieving Superior Performance in the Workplace

Groups and Teams: Increasing Cooperation, Reducing Conflict

Power, Influence, and Leadership: From Becoming a Manager to Becoming a Leader

Interpersonal and Organizational Communication: Mastering the Exchange of Information

Control Systems and Quality Management: Techniques for Enhancing Organizational Effectiveness

Filters