Exam 4: Managing in the Global Environment

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Devinci Ltd.,lost its long-term raw material supplier to its primary competitor.This loss affected the _____ environment of Devinci Ltd.

(Multiple Choice)
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Societies that have an achievement orientation place high value on the quality of life of people and their interpersonal relationships.

(True/False)
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If a society believes that self-expression is important to the people in that society,then the society is said to value:

(Multiple Choice)
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Distinguish between folkways and mores.

(Essay)
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_____ includes the values,norms,knowledge,beliefs,moral principles,laws,customs,and other practices that unite the citizens of a country.

(Multiple Choice)
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In a society,the unwritten rules of conduct that state how people should act in particular situations in that society are known as:

(Multiple Choice)
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FTAA is seen as a stepping-stone toward establishing the CAFTA.

(True/False)
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A society that highly values persistence in attempting to achieve goals is said to have:

(Multiple Choice)
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_____ occurs when a company contracts with suppliers in other countries to make the various inputs that go into its products or to assemble the final products to reduce costs.

(Multiple Choice)
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In July 2005,the U.S.House of Representatives approved the formation of NAFTA,a regional trade agreement designed to eliminate tariffs on products moving between Mexico,Canada,and the United States by 2004.

(True/False)
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A society has a common practice that men should remove their hats whenever they ride in elevators that are also carrying women.This is an example of which type of norm?

(Multiple Choice)
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The U.S.government imposes a 25 percent tax on the selling price of any four-wheel-drive SUV that is brought into the U.S.by a foreign car manufacturer to be sold in the U.S.What type of tax is being imposed by the U.S.government?

(Multiple Choice)
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The society of the nation of Atlantis has commonly accepted laws against driving while intoxicated.This is an example of which type of norm?

(Multiple Choice)
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Since 1948,the decline in tariff barriers achieved among the governments of developed countries fell from over 40 percent to about _____ percent in 2000,causing a dramatic increase in world trade.

(Multiple Choice)
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A culturally diverse management team can be a source of strength for an organization participating in the global marketplace.

(True/False)
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Social structure is:

(Multiple Choice)
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In societies that have high power distance,the gap between the rich and the poor gradually grows smaller.

(True/False)
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The cost advantages that are associated with large operations are known as:

(Multiple Choice)
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The barriers to entry results from three sources.Explain in brief the three sources.

(Essay)
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If the product of a major competitor has a large share of the existing market for that product,then that product has a high level of:

(Multiple Choice)
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