Question 1

The __________ is designed to monitor and enforce trade agreements.

Accepted Answer

A) World Bank 
B) WTO 
C) IMF 
D) GATT 
E) EU 
A) World Bank 
B) WTO 
C) IMF 
D) GATT 
E) EU

Question 2

Bradley was working for the summer in Costa Rica.He had made arrangements with a business associate to give him a ride to a nearby town at 10 a.m.He was very upset when his ride had still not appeared by 10:30.Bradley did not understand that ______ time is common in Latin America.

Accepted Answer

A) variable 
B) monochronic 
C) multitask 
D) delayed 
E) polychronic 
A) variable 
B) monochronic 
C) multitask 
D) delayed 
E) polychronic

Question 3

Pizza Hut provides the use of its name plus operating know-how to companies in Costa Rica in return for a fee plus a percentage of profits.Pizza Hut is

Accepted Answer

A) exporting. 
B) franchising. 
C) countertrading. 
D) involved in a strategic alliance. 
E) involved in a greenfield venture. 
A) exporting. 
B) franchising. 
C) countertrading. 
D) involved in a strategic alliance. 
E) involved in a greenfield venture.

Question 4

The reasons that companies expand internationally typically have to do with making or saving money.

Accepted Answer

A) True 
 B)False

Question 5

Mexico is part of NAFTA.

Accepted Answer

A) True 
 B)False

Question 6

The ______ is controversial because it has been accused of financing projects, which harm the environment and of helping countries that permit sweatshops or suppress religious freedom.

Accepted Answer

A) World Bank 
B) WTO 
C) ASEAN 
D) GATT 
E) EU 
A) World Bank 
B) WTO 
C) ASEAN 
D) GATT 
E) EU

Question 7

Describe the history of communication and how it has been important to great civilizations through the modern day, and the concept of the "global village."

Accepted Answer

The hallmark of great civilizations has

Question 8

Dumping is the practice of a foreign company exporting products abroad at a lower price than the price in the home market, or even below the costs of production, in order to drive down the price of the domestic product.

Accepted Answer

A) True 
 B)False

Question 9

A wholly owned subsidiary is the global expansion strategy with the highest risk and investment.

Accepted Answer

A) True 
 B)False

Question 10

Skoda Auto, originally a Czech company and one that still manufactures there as well as in other international locations, is one of the largest automakers in Central Europe.In 2000, its acquisition by Germany's Volkswagen Group was complete, and it is now one of four brands for that company.Skoda is now a ______ of Volkswagen.

Accepted Answer

A) maquiladora 
B) strategically 
C) wholly owned subsidiary 
D) greenfield venture 
E) licensee 
A) maquiladora 
B) strategically 
C) wholly owned subsidiary 
D) greenfield venture 
E) licensee

Question 11

Jill, a native of New Orleans, was living in Berlin and working for a U.S.news magazine.Jill would best be termed a(n)

Accepted Answer

A) countertrader. 
B) franchisor. 
C) expatriate. 
D) outsourcer. 
E) refugee. 
A) countertrader. 
B) franchisor. 
C) expatriate. 
D) outsourcer. 
E) refugee.

Question 12

One advantage of small companies over large ones is the former's ability to change direction faster.

Accepted Answer

A) True 
 B)False

Question 13

Which of the following is a way to become a world citizen?

Accepted Answer

A) Dress comfortably and casually, so you are ready for any activity. 
B) To gain an early upper hand, be very vocal and assertive. 
C) Be and think globally. 
D) Speak English at all times since it is the world's language. 
E) Learn rituals of respect. 
A) Dress comfortably and casually, so you are ready for any activity. 
B) To gain an early upper hand, be very vocal and assertive. 
C) Be and think globally. 
D) Speak English at all times since it is the world's language. 
E) Learn rituals of respect.

Question 14

Geocentric policies have been linked to recruiting difficulties and high turnover.

Accepted Answer

A) True 
 B)False

Question 15

Wheat producers in the United States claim that the Canadian Wheat Board is selling wheat imported into the United States at unreasonably low prices, and they fear depression of their own prices.The U.S.producers are accusing the Canadians of

Accepted Answer

A) creating an embargo. 
B) unfair foreign advantage. 
C) export crashing. 
D) loss transactions. 
E) dumping. 
A) creating an embargo. 
B) unfair foreign advantage. 
C) export crashing. 
D) loss transactions. 
E) dumping.

Question 16

A multinational corporation is a nonprofit organization with operations in several countries.

Accepted Answer

A) True 
 B)False

Question 17

Offshoring is defined as using suppliers outside the home country to provide labor, goods, or services.

Accepted Answer

A) True 
 B)False

Question 18

If a country's currency drops dramatically and it is unable to import the goods it needs, then an exporter who trades with that country may turn to countertrading.

Accepted Answer

A) True 
 B)False

Question 19

Import quotas are designed to prevent

Accepted Answer

A) embargoes. 
B) dumping. 
C) exports. 
D) tariffs. 
E) outsourcing. 
A) embargoes. 
B) dumping. 
C) exports. 
D) tariffs. 
E) outsourcing.

Question 20

One way to avoid a tariff is to create a subsidiary to produce the product in the foreign country imposing that tariff.

Accepted Answer

A) True 
 B)False

The __________ is designed to monitor and enforce trade agreements.

Bradley was working for the summer in Costa Rica.He had made arrangements with a business associate to give him a ride to a nearby town at 10 a.m.He was very upset when his ride had still not appeared by 10:30.Bradley did not understand that ______ time is common in Latin America.

Pizza Hut provides the use of its name plus operating know-how to companies in Costa Rica in return for a fee plus a percentage of profits.Pizza Hut is

The reasons that companies expand internationally typically have to do with making or saving money.

Mexico is part of NAFTA.

The ______ is controversial because it has been accused of financing projects, which harm the environment and of helping countries that permit sweatshops or suppress religious freedom.

Describe the history of communication and how it has been important to great civilizations through the modern day, and the concept of the "global village."

Dumping is the practice of a foreign company exporting products abroad at a lower price than the price in the home market, or even below the costs of production, in order to drive down the price of the domestic product.

A wholly owned subsidiary is the global expansion strategy with the highest risk and investment.

Jill, a native of New Orleans, was living in Berlin and working for a U.S.news magazine.Jill would best be termed a(n)

One advantage of small companies over large ones is the former's ability to change direction faster.

Which of the following is a way to become a world citizen?

Geocentric policies have been linked to recruiting difficulties and high turnover.

Wheat producers in the United States claim that the Canadian Wheat Board is selling wheat imported into the United States at unreasonably low prices, and they fear depression of their own prices.The U.S.producers are accusing the Canadians of

A multinational corporation is a nonprofit organization with operations in several countries.

Offshoring is defined as using suppliers outside the home country to provide labor, goods, or services.

If a country's currency drops dramatically and it is unable to import the goods it needs, then an exporter who trades with that country may turn to countertrading.

Import quotas are designed to prevent

One way to avoid a tariff is to create a subsidiary to produce the product in the foreign country imposing that tariff.

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 Organizational Communication: Mastering the Exchange of Information

Control Systems and Quality Management: Techniques for Enhancing Organizational Effectiveness

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Exam 4: Global Management: Managing Across Borders

The __________ is designed to monitor and enforce trade agreements.

Bradley was working for the summer in Costa Rica.He had made arrangements with a business associate to give him a ride to a nearby town at 10 a.m.He was very upset when his ride had still not appeared by 10:30.Bradley did not understand that ______ time is common in Latin America.

Pizza Hut provides the use of its name plus operating know-how to companies in Costa Rica in return for a fee plus a percentage of profits.Pizza Hut is

The reasons that companies expand internationally typically have to do with making or saving money.

Mexico is part of NAFTA.

The ______ is controversial because it has been accused of financing projects, which harm the environment and of helping countries that permit sweatshops or suppress religious freedom.

Describe the history of communication and how it has been important to great civilizations through the modern day, and the concept of the "global village."

Dumping is the practice of a foreign company exporting products abroad at a lower price than the price in the home market, or even below the costs of production, in order to drive down the price of the domestic product.

A wholly owned subsidiary is the global expansion strategy with the highest risk and investment.

Jill, a native of New Orleans, was living in Berlin and working for a U.S.news magazine.Jill would best be termed a(n)

One advantage of small companies over large ones is the former's ability to change direction faster.

Which of the following is a way to become a world citizen?

Geocentric policies have been linked to recruiting difficulties and high turnover.

Wheat producers in the United States claim that the Canadian Wheat Board is selling wheat imported into the United States at unreasonably low prices, and they fear depression of their own prices.The U.S.producers are accusing the Canadians of

A multinational corporation is a nonprofit organization with operations in several countries.

Offshoring is defined as using suppliers outside the home country to provide labor, goods, or services.

If a country's currency drops dramatically and it is unable to import the goods it needs, then an exporter who trades with that country may turn to countertrading.

Import quotas are designed to prevent

One way to avoid a tariff is to create a subsidiary to produce the product in the foreign country imposing that tariff.

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 Organizational Communication: Mastering the Exchange of Information

Control Systems and Quality Management: Techniques for Enhancing Organizational Effectiveness

Filters