Exam 4: Managing in a Global Environment

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____ refers to a value characterized by people's intolerance for uncertainty and ambiguity and resulting support for beliefs that promise certainty and conformity.

(Multiple Choice)
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In which stage, market potential is limited to home country, with all production and marketing facilities located at home?

(Multiple Choice)
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Unfortunately, many U.S. managers fail to realize that the values and behaviors that typically govern how business is done in the United States do not translate to the rest of the world.

(True/False)
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German, Swiss, and North American cultures are among the high-context cultures.

(True/False)
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An estimated 55 percent of world trade is countertrade.

(True/False)
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Changes in the exchange rates can have major implications for the profitability of international operations.

(True/False)
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Ethnocentrism refers to a natural tendency of people to regard their own culture as inferior to other cultures.

(True/False)
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In relationship-oriented societies, leaders should

(Multiple Choice)
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An organization developed for the purpose of eliminating tariffs in trading between Canada and the United States is called The North American Freedom of Tariffs Administration (NAFTA).

(True/False)
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The basic management functions of planning, organizing, leading, and controlling are the same whether a company operates domestically or internationally.

(True/False)
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There are three components to cultural intelligence: cognitive, emotional, and physical.

(True/False)
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Identify and briefly explain at least two key factors in economic, sociocultural and political-legal environments that affect an organization.

(Essay)
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The primary emphasis of polycentric companies is on their home countries.

(True/False)
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A foreign terrorist kidnaps your firm's marketing VP while the VP is in the host country. This is a harsh example of

(Multiple Choice)
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According to Manager's Shoptalk in Chapter 4, the polite way to give your business card to a Japanese business person is when first meeting, presenting your card with both hands.

(True/False)
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A form of direct investment is franchising.

(True/False)
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____________________ means that people have a tendency to regard their own culture as superior to other cultures.

(Short Answer)
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In a(n) ____________________, people use communication primarily to exchange facts and information.

(Short Answer)
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Seeking cheaper sources of materials or labor offshore is called offshoring.

(True/False)
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All of the following are components of cultural intelligence, EXCEPT:

(Multiple Choice)
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