Question 1

According to the textbook, a global company is also considered a borderless organization.

Accepted Answer

A) True 
 B)False

Question 2

Which of the following is a multinational corporation that tailors marketing strategies to the host country's unique characteristics?

Accepted Answer

A)  borderless organization 
B)  global company 
C)  multidomestic corporation 
D)  transnational organization 
E)  born global 
A)  borderless organization 
B)  global company 
C)  multidomestic corporation 
D)  transnational organization 
E)  born global

Question 3

African Union was formed because the economies in Africa are stagnating.

Accepted Answer

A) True 
 B)False

Question 4

Managers with an ethnocentric attitude concentrate on their __________.

Accepted Answer

A)  home country 
B)  host country 
C)  world orientation 
D)  regional orientation 
E)  customer orientation 
A)  home country 
B)  host country 
C)  world orientation 
D)  regional orientation 
E)  customer orientation

Question 5

In a short essay explain the origins, roles and goals of the World Trade Organization (WTO), the International Monetary Fund (IMF), the World Bank Group in global business. Provide specific examples for each organization's involvement.

Accepted Answer

WTO is the multilateral trading system f

Question 6

Planned economies encourage free markets to induce domestic growth.

Accepted Answer

A) True 
 B)False

Question 7

A drawback of the geocentric perspective is that it is inflexible.

Accepted Answer

A) True 
 B)False

Question 8

Which international expansion strategy did McDonald's Canada use when it opened restaurants in Russia?

Accepted Answer

A)  exporting 
B)  importing 
C)  franchising 
D)  strategic alliance 
E)  licensing 
A)  exporting 
B)  importing 
C)  franchising 
D)  strategic alliance 
E)  licensing

Question 9

According to the GLOBE rankings, Germany and France are both considered low on the dimension of humane orientation.

Accepted Answer

A) True 
 B)False

Question 10

Cadbury Schweppes PLC is a large beverage and candy producer based in London, England. They distribute many well-known brands in Canada, and trust their Canadian managers to make key decisions about what's best for the Canadian market. Cadbury Schweppes's global perspective is best described as __________.

Accepted Answer

A)  parochialistic 
B)  ethnocentric 
C)  polycentric 
D)  geocentric 
E)  nationalistic 
A)  parochialistic 
B)  ethnocentric 
C)  polycentric 
D)  geocentric 
E)  nationalistic

Question 11

Refer to the scenario below to answer the following questions.
First Business Trip to Asia (Scenario)
Jeff Elliott is on a flight across the Pacific and is excited about his first business trip to Asia. Born and raised in Alberta, Jeff is a manager for a rapidly growing Calgary-based company. His current mission is to scout out potential locations in Asia and develop an international expansion strategy for his company. There are many options, including maintaining the business's head office in Canada and sending over company representatives when necessary or developing a separate company in Asia and hiring locals to manage the business. Jeff's trip will take him to Japan, South Korea, Hong Kong, Taiwan, and China. He is looking forward to learning more about the business practices and customs of each country and is not too worried about the fact that he only speaks English. Jeff has heard that English is considered the main international business language, and he anticipates that most Asians will be able to speak it.
-If Jeff's company eliminated country-designated locations and reorganized based on industry groups, it would best be described as a __________.

Accepted Answer

A)  transnational organization 
B)  multidomestic corporation 
C)  global corporation 
D)  strategic alliance 
E)  polycentric organization 
A)  transnational organization 
B)  multidomestic corporation 
C)  global corporation 
D)  strategic alliance 
E)  polycentric organization

Question 12

The WTO is a global organization that evolved from __________.

Accepted Answer

A)  NAFTA 
B)  GATT 
C)  the Maastricht Treaty 
D)  European Coal and Steel Community 
E)  EEC 
A)  NAFTA 
B)  GATT 
C)  the Maastricht Treaty 
D)  European Coal and Steel Community 
E)  EEC

Question 13

Managers with an ethnocentric attitude would not trust foreign employees with key decisions or technology.

Accepted Answer

A) True 
 B)False

Question 14

Parochialism is the tendency to view the world narrowly through one's own perspective.

Accepted Answer

A) True 
 B)False

Question 15

Transnational organizations are also known as ________.

Accepted Answer

A)  ethnocentric organizations 
B)  polycentric organizations 
C)  borderless organizations 
D)  multidomestic organizations 
E)  global organizations 
A)  ethnocentric organizations 
B)  polycentric organizations 
C)  borderless organizations 
D)  multidomestic organizations 
E)  global organizations

Question 16

What is the primary reason that the intensifying economic crisis in Europe threatens to impact the decisions of global managers in the United States and throughout the world?

Accepted Answer

A)  The massive debt in Greece has caused Europe to slide into a new recession. 
B)  New measures by the European Commission to oversee banks and to monitor national budgets have been met with resistance by euro zone members. 
C)  The euro zone is a larger economic unit than the United States or China and is a major source of world demand for goods and services. 
D)  The inability to trim benefits and free up labor markets prevents the region from spurring any significant growth over the next decade. 
E)  The European economic crisis induces more investment in the EU. 
A)  The massive debt in Greece has caused Europe to slide into a new recession. 
B)  New measures by the European Commission to oversee banks and to monitor national budgets have been met with resistance by euro zone members. 
C)  The euro zone is a larger economic unit than the United States or China and is a major source of world demand for goods and services. 
D)  The inability to trim benefits and free up labor markets prevents the region from spurring any significant growth over the next decade. 
E)  The European economic crisis induces more investment in the EU.

Question 17

Local laws do not present barriers to foreign investment as laws of the investor countries prevail in disputes.

Accepted Answer

A) True 
 B)False

Question 18

Bill Sanderson, a manager in a manufacturing firm in Toronto, has a tendency to view the world only through his Canadian perspective. What can be deduced about his attitude?

Accepted Answer

A)  He has an elitist attitude. 
B)  He has a polycentric attitude. 
C)  He has a parochialistic attitude. 
D)  He has a geocentric attitude. 
E)  He has an egocentric attitude. 
A)  He has an elitist attitude. 
B)  He has a polycentric attitude. 
C)  He has a parochialistic attitude. 
D)  He has a geocentric attitude. 
E)  He has an egocentric attitude.

Question 19

________ is a specific type of strategic alliance in which the partners form a separate, independent organization for some business purpose.

Accepted Answer

A)  equity strategic alliance 
B)  joint venture 
C)  global venture 
D)  nonequity strategic alliance 
E)  outsourcing partnership 
A)  equity strategic alliance 
B)  joint venture 
C)  global venture 
D)  nonequity strategic alliance 
E)  outsourcing partnership

Question 20

A potential advantage of the ethnocentric attitude is __________.

Accepted Answer

A)  greater support from host governments 
B)  tighter control of operations 
C)  increased flexibility 
D)  duplication of work 
E)  improved balance between local and global objectives 
A)  greater support from host governments 
B)  tighter control of operations 
C)  increased flexibility 
D)  duplication of work 
E)  improved balance between local and global objectives

According to the textbook, a global company is also considered a borderless organization.

Which of the following is a multinational corporation that tailors marketing strategies to the host country's unique characteristics?

African Union was formed because the economies in Africa are stagnating.

Managers with an ethnocentric attitude concentrate on their __________.

In a short essay explain the origins, roles and goals of the World Trade Organization (WTO), the International Monetary Fund (IMF), the World Bank Group in global business. Provide specific examples for each organization's involvement.

Planned economies encourage free markets to induce domestic growth.

A drawback of the geocentric perspective is that it is inflexible.

Which international expansion strategy did McDonald's Canada use when it opened restaurants in Russia?

According to the GLOBE rankings, Germany and France are both considered low on the dimension of humane orientation.

The WTO is a global organization that evolved from __________.

Managers with an ethnocentric attitude would not trust foreign employees with key decisions or technology.

Parochialism is the tendency to view the world narrowly through one's own perspective.

Transnational organizations are also known as ________.

What is the primary reason that the intensifying economic crisis in Europe threatens to impact the decisions of global managers in the United States and throughout the world?

Local laws do not present barriers to foreign investment as laws of the investor countries prevail in disputes.

Bill Sanderson, a manager in a manufacturing firm in Toronto, has a tendency to view the world only through his Canadian perspective. What can be deduced about his attitude?

________ is a specific type of strategic alliance in which the partners form a separate, independent organization for some business purpose.

A potential advantage of the ethnocentric attitude is __________.

Introduction to Management and Organizations

Organizational Culture and the Organizational Environment

Managing Entrepreneurially

Managing Responsibly and Ethically

Innovation and Adaptability

Decision Making

Foundations of Planning

Managing Strategically

Organizational Design

Managers and Communication

Managing Human Resources

Leadership

Motivating Employees

Managing Groups and Teams

Evidence-Based Decision Making

Management History

Planning and Control Techniques

Managing Operations

Filters

Exam 3: Managing in a Global Environment

According to the textbook, a global company is also considered a borderless organization.

Which of the following is a multinational corporation that tailors marketing strategies to the host country's unique characteristics?

African Union was formed because the economies in Africa are stagnating.

Managers with an ethnocentric attitude concentrate on their __________.

In a short essay explain the origins, roles and goals of the World Trade Organization (WTO), the International Monetary Fund (IMF), the World Bank Group in global business. Provide specific examples for each organization's involvement.

Planned economies encourage free markets to induce domestic growth.

A drawback of the geocentric perspective is that it is inflexible.

Which international expansion strategy did McDonald's Canada use when it opened restaurants in Russia?

According to the GLOBE rankings, Germany and France are both considered low on the dimension of humane orientation.

The WTO is a global organization that evolved from __________.

Managers with an ethnocentric attitude would not trust foreign employees with key decisions or technology.

Parochialism is the tendency to view the world narrowly through one's own perspective.

Transnational organizations are also known as ________.

What is the primary reason that the intensifying economic crisis in Europe threatens to impact the decisions of global managers in the United States and throughout the world?

Local laws do not present barriers to foreign investment as laws of the investor countries prevail in disputes.

Bill Sanderson, a manager in a manufacturing firm in Toronto, has a tendency to view the world only through his Canadian perspective. What can be deduced about his attitude?

________ is a specific type of strategic alliance in which the partners form a separate, independent organization for some business purpose.

A potential advantage of the ethnocentric attitude is __________.

Introduction to Management and Organizations

Organizational Culture and the Organizational Environment

Managing Entrepreneurially

Managing Responsibly and Ethically

Innovation and Adaptability

Decision Making

Foundations of Planning

Managing Strategically

Organizational Design

Managers and Communication

Managing Human Resources

Leadership

Motivating Employees

Managing Groups and Teams

Evidence-Based Decision Making

Management History

Planning and Control Techniques

Managing Operations

Filters