Exam 3: Managing in a Global Environment

Define parochialism.Discuss why parochialism is a problem for U.S.managers and discuss reasons why it is important to overcome parochialism in today's business environment.

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Question 1

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Parochialism is typically defined as viewing the world solely through one's own eyes and perspectives.People with a parochial attitude do not recognize that others have different ways of living and working.Parochialism is a significant obstacle for managers working in a global business world.If managers fall into the trap of ignoring others' values and customs and rigidly keep on applying an attitude of "ours is better than theirs" to foreign cultures,they'll find it difficult to compete with other organizations around the world.Therefore,it is important to overcome parochialism in order to succeed in today's global environment.

According to the text,which of the following is a typical definition of a multinational corporation?

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Question 2

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The International Monetary Fund is an organization of ________ countries that promotes international monetary cooperation and provides member countries with policy advice,temporary loans,and technical assistance to establish and maintain financial stability and to strengthen economies.

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Question 3

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Which of the following is a feature of a multidomestic corporation?

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Question 4

Americans tend to suffer from parochialism.

(True/False)

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Question 5

Jane joins an international student association in order to better understand the views of students from other countries.She is trying to become more ________ in her attitude.

(Multiple Choice)

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Question 6

A(n)________ attitude is the view that employees in the host country know the best practices for running their operations.

(Multiple Choice)

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Question 7

Create short notes on the World Trade Organization (WTO),the International Monetary Fund (IMF),the World Bank Group,and the Organization for Economic Cooperation and Development (OECD).

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Question 8

Managers with a(n)________ attitude view every foreign operation as different and hard to understand.

(Multiple Choice)

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Question 9

Bill Sanderson,a manager in a manufacturing firm in New York has a tendency to view the world only through his U.S.-based perspective.What can be deduced about his attitude?

(Multiple Choice)

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Question 10

A manager who wishes to be successful in international business should avoid a(n)________ attitude.

(Multiple Choice)

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Question 11

Parochialism is a tendency to ________.

(Multiple Choice)

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Question 12

A country that is assertive,believes in acquiring money and goods,and is competitive in nature is said to ________.

(Multiple Choice)

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Question 13

The ________ is a Paris-based international economic organization whose mission is to help its 30 member countries achieve sustainable economic growth and employment and raise the standard of living in member countries while maintaining financial stability in order to contribute to the development of the world economy.

(Multiple Choice)

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Question 14

A domestic firm and a foreign firm sharing the cost of developing new products or building production facilities in a foreign country constitute a ________.

(Multiple Choice)

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Question 15

Adam has been hired by an organization that has a partnership with a foreign company.Both the partners share resources and knowledge while developing new products.Adam's organization has formed a ________.

(Multiple Choice)

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Question 16

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

(Multiple Choice)

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Question 17

Which of the following types of global organizations reflects the geocentric attitude?

(Multiple Choice)

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Question 18

Which of the following arrangements involves the greatest commitment of resources and poses the greatest amount of risk?

(Multiple Choice)

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Question 19

An ethnocentric attitude ________.

(Multiple Choice)

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Question 20

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Define parochialism.Discuss why parochialism is a problem for U.S.managers and discuss reasons why it is important to overcome parochialism in today's business environment.

According to the text,which of the following is a typical definition of a multinational corporation?

The International Monetary Fund is an organization of ________ countries that promotes international monetary cooperation and provides member countries with policy advice,temporary loans,and technical assistance to establish and maintain financial stability and to strengthen economies.

Which of the following is a feature of a multidomestic corporation?

Americans tend to suffer from parochialism.

Jane joins an international student association in order to better understand the views of students from other countries.She is trying to become more ________ in her attitude.

A(n)________ attitude is the view that employees in the host country know the best practices for running their operations.

Create short notes on the World Trade Organization (WTO),the International Monetary Fund (IMF),the World Bank Group,and the Organization for Economic Cooperation and Development (OECD).

Managers with a(n)________ attitude view every foreign operation as different and hard to understand.

Bill Sanderson,a manager in a manufacturing firm in New York has a tendency to view the world only through his U.S.-based perspective.What can be deduced about his attitude?

A manager who wishes to be successful in international business should avoid a(n)________ attitude.

Parochialism is a tendency to ________.

A country that is assertive,believes in acquiring money and goods,and is competitive in nature is said to ________.

A domestic firm and a foreign firm sharing the cost of developing new products or building production facilities in a foreign country constitute a ________.

Adam has been hired by an organization that has a partnership with a foreign company.Both the partners share resources and knowledge while developing new products.Adam's organization has formed a ________.

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

Which of the following types of global organizations reflects the geocentric attitude?

Which of the following arrangements involves the greatest commitment of resources and poses the greatest amount of risk?

An ethnocentric attitude ________.

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Understanding Management: Constraints and Challenges

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Managers As Decision Makers

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Foundations of Planning

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