Question 1

The two general kinds of trade barriers are:

Accepted Answer

A)  government import standards and industry import standards 
B)  qualitative and quantitative barriers 
C)  voluntary and involuntary barriers 
D)  nationalistic and geocentric barriers 
E)  tariff barriers and nontariff barriers 
A)  government import standards and industry import standards 
B)  qualitative and quantitative barriers 
C)  voluntary and involuntary barriers 
D)  nationalistic and geocentric barriers 
E)  tariff barriers and nontariff barriers E

Question 2

Two factors help determine the growth potential of foreign markets. They are foreign competition and:

Accepted Answer

A)  communications and transportation systems 
B)  purchasing power 
C)  political stability 
D)  creative differences 
E)  product diffusion rate 
A)  communications and transportation systems 
B)  purchasing power 
C)  political stability 
D)  creative differences 
E)  product diffusion rate B

Question 3

An expatriate is someone who:

Accepted Answer

A)  claims dual citizenship 
B)  lives and works outside of his or her own country 
C)  believes strongly in nationalization 
D)  is unhappy with his or her present residence 
E)  desires to be employed in a country outside of his or her own 
A)  claims dual citizenship 
B)  lives and works outside of his or her own country 
C)  believes strongly in nationalization 
D)  is unhappy with his or her present residence 
E)  desires to be employed in a country outside of his or her own B

Question 4

The trade agreement that represented the most significant change to the regulations governing global trade during the 1990s was the:

Accepted Answer

A)  Maastricht Treaty of Europe 
B)  North American Free Trade Agreement 
C)  General Agreement on Tariffs and Trade 
D)  Mercosur 
E)  Asian Free Trade Arrangement 
A)  Maastricht Treaty of Europe 
B)  North American Free Trade Agreement 
C)  General Agreement on Tariffs and Trade 
D)  Mercosur 
E)  Asian Free Trade Arrangement

Question 5

Historically, companies have generally followed the phase model of globalization.

Accepted Answer

A) True 
 B)False

Question 6

Which of the following represents the correct sequence for the phase model of globalization?

Accepted Answer

A)  exporting; wholly owned affiliates; cooperative contracts; strategic alliances 
B)  exporting; cooperative contracts; wholly owned affiliates; strategic alliances 
C)  exporting; cooperative contracts; strategic alliances; wholly owned affiliates 
D)  exporting; strategic alliances; cooperative contracts; wholly owned affiliates 
E)  home country sales; exporting; job ventures; strategic alliances, and direct investment 
A)  exporting; wholly owned affiliates; cooperative contracts; strategic alliances 
B)  exporting; cooperative contracts; wholly owned affiliates; strategic alliances 
C)  exporting; cooperative contracts; strategic alliances; wholly owned affiliates 
D)  exporting; strategic alliances; cooperative contracts; wholly owned affiliates 
E)  home country sales; exporting; job ventures; strategic alliances, and direct investment

Question 7

Hofstede's research has shown there are:

Accepted Answer

A)  no cultural differences among nations in which Spanish is the national language 
B)  two distinct methods for dealing with cultural differences--adaptation and continuation 
C)  direct relationships existing between type of infrastructures and growth potential 
D)  five consistent dimensions of cultural differences across countries 
E)  four factors upon which a company should base its decision to globalize 
A)  no cultural differences among nations in which Spanish is the national language 
B)  two distinct methods for dealing with cultural differences--adaptation and continuation 
C)  direct relationships existing between type of infrastructures and growth potential 
D)  five consistent dimensions of cultural differences across countries 
E)  four factors upon which a company should base its decision to globalize

Question 8

What are the strategies that can be used to minimize or adapt to the political risk inherent to global business?

Accepted Answer

A)  protectionist, avoidance, and offensive strategies 
B)  creative, cooperative, and defensive strategies 
C)  cooperative, customary, and nationalistic strategies 
D)  avoidance, protectionist, and guerrilla strategies 
E)  control, avoidance, and cooperative strategies 
A)  protectionist, avoidance, and offensive strategies 
B)  creative, cooperative, and defensive strategies 
C)  cooperative, customary, and nationalistic strategies 
D)  avoidance, protectionist, and guerrilla strategies 
E)  control, avoidance, and cooperative strategies

Question 9

Export restraints, government subsidies, and quotas are all examples of nontariff trade barriers.

Accepted Answer

A) True 
 B)False

Question 10

A country or region that has an attractive business climate for companies that want to go global has:

Accepted Answer

A)  a large population of unskilled workers 
B)  an effective and cost-efficient place to build an office or manufacturing site 
C)  a small youth population 
D)  natural boundaries 
E)  all of these 
A)  a large population of unskilled workers 
B)  an effective and cost-efficient place to build an office or manufacturing site 
C)  a small youth population 
D)  natural boundaries 
E)  all of these

Question 11

More than any other regional trade agreement, the Maastricht Treaty of Europe liberalizes trade between countries so that businesses can plan to operate in a single market instead of multiple national markets.

Accepted Answer

A) True 
 B)False

Question 12

In a multinational firm, managers at company headquarters typically prefer an emphasis on __________because it simplifies decisions.

Accepted Answer

A)  local consistency 
B)  local adaptation 
C)  global adaptation 
D)  global consistency 
E)  domestic adaptation 
A)  local consistency 
B)  local adaptation 
C)  global adaptation 
D)  global consistency 
E)  domestic adaptation

Exam 8: Section 2: Global Management

The two general kinds of trade barriers are:

Two factors help determine the growth potential of foreign markets. They are foreign competition and:

An expatriate is someone who:

The trade agreement that represented the most significant change to the regulations governing global trade during the 1990s was the:

Historically, companies have generally followed the phase model of globalization.

Which of the following represents the correct sequence for the phase model of globalization?

Hofstede's research has shown there are:

What are the strategies that can be used to minimize or adapt to the political risk inherent to global business?

Export restraints, government subsidies, and quotas are all examples of nontariff trade barriers.

A country or region that has an attractive business climate for companies that want to go global has:

More than any other regional trade agreement, the Maastricht Treaty of Europe liberalizes trade between countries so that businesses can plan to operate in a single market instead of multiple national markets.

In a multinational firm, managers at company headquarters typically prefer an emphasis on __________because it simplifies decisions.

Section 1: Management

Section 2: Management

Section 3: Management

Section 1: History of Management

Section 2: History of Management

Section 3: History of Management

Section 1: Organizational Environments and Cultures

Section 2: Organizational Environments and Cultures

Section 3: Organizational Environments and Cultures

Section 1: Ethics and Social Responsibility

Section 2: Ethics and Social Responsibility

Section 3: Ethics and Social Responsibility

Section 1: Planning and Decision Making

Section 2: Planning and Decision Making

Section 3: Planning and Decision Making

Section 1: Organizational Strategy

Section 2: Organizational Strategy

Section 3: Organizational Strategy

Section 1: Innovation and Change

Section 2: Innovation and Change

Section 3: Innovation and Change

Section 1: Global Management

Section 1: Designing Adaptive Organizations

Section 2:designing Adaptive Organizations

Section 1: Managing Teams

Section 2: Managing Teams

Section 3: Managing Teams

Section 1: Managing Human Resource Systems

Section 2: Managing Human Resource Systems

Section 3: Managing Human Resource Systems

Section 1: Managing Individuals and a Diverse Work Force

Section 2: Managing Individuals and a Diverse Work Force

Section 3: Managing Individuals and a Diverse Work Force

Section 1: Motivation

Section 2: Motivation

Section 3: Motivation

Section 1: Leadership

Section 2: Leadership

Section 3: Leadership

Section 1: Managing Communication

Section 2: Managing Communication

Section 1: Control

Section 2: Control

Section 3: Control

Section 1: Managing Information

Section 2: Managing Information

Section 3: Managing Information

Filters