Exam 4: Managing in a Global Environment

____________________ stands for preference for achievement, heroism, assertiveness, work centrality (with resultant high stress), and material success.

Culture shock refers to a person's ability to use reasoning and observation skills to interpret unfamiliar gestures and situations and devise appropriate behavioral responses.

Joint venture is the most risky type of direct investment.

A ____ interaction requires more time because a relationship has to be developed, and trust and friendship must be established.

A global mind-set and international experience are fast becoming prerequisites for managerial success.

Culture shock refers to the frustration and anxiety that result from constantly being subjected to strange and unfamiliar cues about what to do and how to do it.

According to Manager's Shoptalk in Chapter 4, being on-time for appointments is very important in Brazil.

Direct investing means that the company is involved in managing the productive assets, which distinguishes it from other entry strategies that permit less managerial control.

In countries with strong masculine social values including Austria and Japan, both men and women subscribe to the dominant masculine value.

In today's world, every manager needs to think locally.

The social value of uncertainty avoidance is evident in countries like Japan which support beliefs that provide stability and conformity among its citizenry.

Briefly explain the difference between high power distance and low power distance.

In the ____________________ stage, exports increase, and the company usually adopts a multidomestic approach, probably using an international division to deal with the marketing of products in several countries individually.

The multinational stage of corporate international development transcends any single home country. The ownership, control, and top management tend to be dispersed among several nationalities.

Which of the following is a sociocultural factor in the international environment?

Riots, revolutions, civil disorders, and frequent changes in government that affect the operations of an international company shows ____________________ in a country.

Most firms begin with which strategy to enter foreign markets?

Today's companies compete in a ____.

A country's physical facilities that support economic activities make up its ____.

Which of the following refers to the frustration and anxiety that result from constantly being subjected to strange and unfamiliar cues about what to do and how to do it?