Question 1

Direct investment strategies require major capital commitments but create rights of ownership and control over foreign operations.

Accepted Answer

A) True 
 B)False  True

Question 2

__________ refers to the process of growing interdependence among resource supplies,product markets,and business competition on a worldwide basis.

Accepted Answer

A) International management. 
B) Transnational interdependence. 
C) Globalization. 
D) Global management. 
E) The multinational economy. 
A) International management. 
B) Transnational interdependence. 
C) Globalization. 
D) Global management. 
E) The multinational economy. C

Question 3

The expected benefits of a common European currency include higher productivity,lower inflation rates,and steady growth in the member countries.

Accepted Answer

A) True 
 B)False  True

Question 4

The Nations that make up NAFTA facilitate cross-border trade and business development by sharing a common currency.

Accepted Answer

A) True 
 B)False

Question 5

The study of how management practices differ among countries and cultures is called comparative management.

Accepted Answer

A) True 
 B)False

Question 6

Global management involves managing businesses in more than one country.

Accepted Answer

A) True 
 B)False

Question 7

A franchise is a type of business in which a local firm pays a foreign firm a fee for the rights to make and/or sell the foreign firm' products.

Accepted Answer

A) True 
 B)False

Question 8

The European Union is a group of European countries that have common trade and customs laws that facilitate the free flow of workers,good and services,and investments across national boundaries.

Accepted Answer

A) True 
 B)False

Question 9

The exporting of products involves __________.

Accepted Answer

A) acquiring foreign-made products and selling them in domestic markets 
B) contracting to provide managerial and technical service to a foreign concern 
C) selling locally made products in foreign markets 
D) making a direct investment in a foreign operation 
E) making products and selling them in local or domestic markets 
A) acquiring foreign-made products and selling them in domestic markets 
B) contracting to provide managerial and technical service to a foreign concern 
C) selling locally made products in foreign markets 
D) making a direct investment in a foreign operation 
E) making products and selling them in local or domestic markets

Question 10

Global managers keep informed about international developments and are able to understand and relate to people with diverse cultural backgrounds.

Accepted Answer

A) True 
 B)False

Question 11

In __________,time is used to accomplish many different things at once.

Accepted Answer

A) polychronic cultures 
B) monochronic cultures 
C) ethical cultures 
D) time dependent cultures 
E) sensitive cultures 
A) polychronic cultures 
B) monochronic cultures 
C) ethical cultures 
D) time dependent cultures 
E) sensitive cultures

Question 12

A manager with high cultural intelligence and who takes a collaborative approach to global management practices has a polycentric attitude.

Accepted Answer

A) True 
 B)False

Question 13

Which sequence accurately describes the stages that a person goes through in adjusting to a new culture?

Accepted Answer

A) The honeymoon,confusion,irritation/anger,small victories,and reality. 
B) Small victories,the honeymoon,reality,irritation/anger,and confusion. 
C) Confusion,small victories,the honeymoon,irritation/anger,and reality. 
D) Confusion,irritation/anger,reality,small victories,and the honeymoon. 
E) The honeymoon,small victories,reality,confusion,and irritation/anger. 
A) The honeymoon,confusion,irritation/anger,small victories,and reality. 
B) Small victories,the honeymoon,reality,irritation/anger,and confusion. 
C) Confusion,small victories,the honeymoon,irritation/anger,and reality. 
D) Confusion,irritation/anger,reality,small victories,and the honeymoon. 
E) The honeymoon,small victories,reality,confusion,and irritation/anger.

Question 14

The process of purchasing materials,component parts,or business services from different countries around the world is known as __________.

Accepted Answer

A) exporting/importing 
B) licensing 
C) global sourcing 
D) direct investment 
E) joint venture 
A) exporting/importing 
B) licensing 
C) global sourcing 
D) direct investment 
E) joint venture

Question 15

The silent language of culture refers to the common practices and beliefs that are similar across different cultures.

Accepted Answer

A) True 
 B)False

Question 16

Ethnocentrism is the confusion or discomfort that someone may experience when in an unfamiliar culture.

Accepted Answer

A) True 
 B)False

Question 17

In Hofstede's framework for comparing national cultures,uncertainty avoidance refers to the degree to which a society is uncomfortable with risk,change,and situational uncertainties.

Accepted Answer

A) True 
 B)False

Question 18

Protectionism is used by the members of the European Union to restrict business and government procurement of goods and services from foreign competition.

Accepted Answer

A) True 
 B)False

Question 19

__________ employs workers at very low wages and often working under poor working conditions.

Accepted Answer

A) A low-context culture 
B) A high-context culture 
C) A prison 
D) A sweatshop 
E) A multinational corporation 
A) A low-context culture 
B) A high-context culture 
C) A prison 
D) A sweatshop 
E) A multinational corporation

Question 20

The reasons companies go international are all of the following except:

Accepted Answer

A) Profits 
B) Customers 
C) Suppliers 
D) Capital 
E) Weak labour laws 
A) Profits 
B) Customers 
C) Suppliers 
D) Capital 
E) Weak labour laws

Direct investment strategies require major capital commitments but create rights of ownership and control over foreign operations.

__________ refers to the process of growing interdependence among resource supplies,product markets,and business competition on a worldwide basis.

The expected benefits of a common European currency include higher productivity,lower inflation rates,and steady growth in the member countries.

The Nations that make up NAFTA facilitate cross-border trade and business development by sharing a common currency.

The study of how management practices differ among countries and cultures is called comparative management.

Global management involves managing businesses in more than one country.

A franchise is a type of business in which a local firm pays a foreign firm a fee for the rights to make and/or sell the foreign firm' products.

The European Union is a group of European countries that have common trade and customs laws that facilitate the free flow of workers,good and services,and investments across national boundaries.

The exporting of products involves __________.

Global managers keep informed about international developments and are able to understand and relate to people with diverse cultural backgrounds.

In __________,time is used to accomplish many different things at once.

A manager with high cultural intelligence and who takes a collaborative approach to global management practices has a polycentric attitude.

Which sequence accurately describes the stages that a person goes through in adjusting to a new culture?

The process of purchasing materials,component parts,or business services from different countries around the world is known as __________.

The silent language of culture refers to the common practices and beliefs that are similar across different cultures.

Ethnocentrism is the confusion or discomfort that someone may experience when in an unfamiliar culture.

In Hofstede's framework for comparing national cultures,uncertainty avoidance refers to the degree to which a society is uncomfortable with risk,change,and situational uncertainties.

Protectionism is used by the members of the European Union to restrict business and government procurement of goods and services from foreign competition.

__________ employs workers at very low wages and often working under poor working conditions.

The reasons companies go international are all of the following except:

Intro to Management

Management Learning Past to Present

Ethics, Social Responsibility and Sustainability

Managing Entrepreneurship and Small Business

Planning and Techniques

Strategy and Strategic Management

Organizational Structure and Design

Innovation and Organizational Change

HRM: Building a Winning Culture

Leadership and Communication

Individual Behaviour

Information and Decision-Making

Motivation

Teams

Control

Operations and Services Management

Filters

Exam 3: Global Dimensions of Management

Direct investment strategies require major capital commitments but create rights of ownership and control over foreign operations.

__________ refers to the process of growing interdependence among resource supplies,product markets,and business competition on a worldwide basis.

The expected benefits of a common European currency include higher productivity,lower inflation rates,and steady growth in the member countries.

The Nations that make up NAFTA facilitate cross-border trade and business development by sharing a common currency.

The study of how management practices differ among countries and cultures is called comparative management.

Global management involves managing businesses in more than one country.

A franchise is a type of business in which a local firm pays a foreign firm a fee for the rights to make and/or sell the foreign firm' products.

The European Union is a group of European countries that have common trade and customs laws that facilitate the free flow of workers,good and services,and investments across national boundaries.

The exporting of products involves __________.

Global managers keep informed about international developments and are able to understand and relate to people with diverse cultural backgrounds.

In __________,time is used to accomplish many different things at once.

A manager with high cultural intelligence and who takes a collaborative approach to global management practices has a polycentric attitude.

Which sequence accurately describes the stages that a person goes through in adjusting to a new culture?

The process of purchasing materials,component parts,or business services from different countries around the world is known as __________.

The silent language of culture refers to the common practices and beliefs that are similar across different cultures.

Ethnocentrism is the confusion or discomfort that someone may experience when in an unfamiliar culture.

In Hofstede's framework for comparing national cultures,uncertainty avoidance refers to the degree to which a society is uncomfortable with risk,change,and situational uncertainties.

Protectionism is used by the members of the European Union to restrict business and government procurement of goods and services from foreign competition.

__________ employs workers at very low wages and often working under poor working conditions.

The reasons companies go international are all of the following except:

Intro to Management

Management Learning Past to Present

Ethics, Social Responsibility and Sustainability

Managing Entrepreneurship and Small Business

Planning and Techniques

Strategy and Strategic Management

Organizational Structure and Design

Innovation and Organizational Change

HRM: Building a Winning Culture

Leadership and Communication

Individual Behaviour

Information and Decision-Making

Motivation

Teams

Control

Operations and Services Management

Filters