Question 1

The World Trade Organization evolved from which of the following?

Accepted Answer

A) Mercosur 
B) General Agreement on Tariffs and Trade 
C) Truman Doctrine 
D) Marshall Plan 
A) Mercosur 
B) General Agreement on Tariffs and Trade 
C) Truman Doctrine 
D) Marshall Plan

Question 2

Managers who want to get into a global market with minimal investment start with global sourcing.

Accepted Answer

A) True 
 B)False

Question 3

Unlike the United States,the change from one regime to another in foreign countries can be less than peaceful.Differences in the ________ can lead to uncertainty and risk for global managers.

Accepted Answer

A) economic environment 
B) cultural environment 
C) political/legal environment 
D) demographic environment 
A) economic environment 
B) cultural environment 
C) political/legal environment 
D) demographic environment

Question 4

Parochialism is a tendency to ________.

Accepted Answer

A) think highly of the foreign country in which the organization is doing business 
B) focus on best approaches and people from around the globe 
C) view the world solely through one's own eyes and perspectives 
D) let employees in the host country figure out how best to do things 
A) think highly of the foreign country in which the organization is doing business 
B) focus on best approaches and people from around the globe 
C) view the world solely through one's own eyes and perspectives 
D) let employees in the host country figure out how best to do things

Question 5

In 1984 Toyota and General Motors formed a company called NUMMI to build cars carrying both the General Motors and Toyota brands.NUMMI is an example of a(n)________.

Accepted Answer

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

Question 6

Theodore and James decide to enter into an agreement with a firm in Europe allowing them to use the rights to their software,brand name,and software specifications in return for a lump sum payment.The firm is a service organization that plans to use the software to assist its customers.Their agreement is a(n)________.

Accepted Answer

A) export agreement 
B) licensing agreement 
C) franchise agreement 
D) import agreement 
A) export agreement 
B) licensing agreement 
C) franchise agreement 
D) import agreement

Question 7

If the rate of inflation in Tomturkistan increased suddenly,what effect would that have on the exchange rate of Tomturkistan currency for U.S.dollars?

Accepted Answer

A) More U.S.dollars would be needed to purchase the same quantity of Tomturkistan goods as before inflation. 
B) One U.S.dollar would purchase more Tomturkistan currency. 
C) Tomturkistan currency would purchase more U.S.goods than before. 
D) There would be no change; inflation is a domestic problem only. 
A) More U.S.dollars would be needed to purchase the same quantity of Tomturkistan goods as before inflation. 
B) One U.S.dollar would purchase more Tomturkistan currency. 
C) Tomturkistan currency would purchase more U.S.goods than before. 
D) There would be no change; inflation is a domestic problem only.

Question 8

Licensing is primarily used by service organizations and franchising is primarily used by manufacturing organizations.

Accepted Answer

A) True 
 B)False

Question 9

Critics of the WTO claim that ________.

Accepted Answer

A) global trade destroys jobs and the natural environment 
B) it favors third-world countries over developed countries 
C) shifting jobs to developing countries harms the economies of member nations 
D) has too little power to be effective 
A) global trade destroys jobs and the natural environment 
B) it favors third-world countries over developed countries 
C) shifting jobs to developing countries harms the economies of member nations 
D) has too little power to be effective

Question 10

List and discuss the three attitudes managers might have toward international business.

Accepted Answer

a.Ethnocentric attitude - This is the pa

Question 11

The international operations of their firm continues to grow.Theodore and James have realized that decentralized management using foreign nationals to run operations in the host countries works best.Their firm has developed into a ________ organization.

Accepted Answer

A) transnational 
B) multidomestic 
C) borderless 
D) global 
A) transnational 
B) multidomestic 
C) borderless 
D) global

Question 12

The purpose of the OECD is ________.

Accepted Answer

A) to settle disputes arising from trade between developed and third-world countries 
B) to help member countries achieve sustainable economic growth 
C) to raise the standard of living in South American countries 
D) to control interest rates and inflation in member countries 
A) to settle disputes arising from trade between developed and third-world countries 
B) to help member countries achieve sustainable economic growth 
C) to raise the standard of living in South American countries 
D) to control interest rates and inflation in member countries

Question 13

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

Accepted Answer

A) franchising agreement 
B) strategic alliance 
C) foreign subsidiary 
D) joint venture 
A) franchising agreement 
B) strategic alliance 
C) foreign subsidiary 
D) joint venture

Question 14

For American company Leather Exporters,first quarter sales in Italy were higher compared to the preceding year but profits were down.What could account for this difference?

Accepted Answer

A) a difference in the currency exchange rate 
B) a change in the national leadership in Italy 
C) a cultural change in Italian society 
D) a reduction in trade barriers with Italy 
A) a difference in the currency exchange rate 
B) a change in the national leadership in Italy 
C) a cultural change in Italian society 
D) a reduction in trade barriers with Italy

Question 15

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

Accepted Answer

A) True 
 B)False

Question 16

Transnational organizations are also known as ________.

Accepted Answer

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

Question 17

The ________ is a group of five closely associated institutions,all owned by its member countries,that provides vital financial and technical assistance to developing countries around the world.

Accepted Answer

A) International Chamber of Commerce 
B) World Bank Group 
C) Organization for Economic Cooperation and Development 
D) World Economic Forum 
A) International Chamber of Commerce 
B) World Bank Group 
C) Organization for Economic Cooperation and Development 
D) World Economic Forum

Question 18

Multidomestic corporations reflect the ________.

Accepted Answer

A) ethnocentric attitude 
B) polycentric attitude 
C) geocentric attitude 
D) xenophobic attitude 
A) ethnocentric attitude 
B) polycentric attitude 
C) geocentric attitude 
D) xenophobic attitude

Question 19

The single European Union currency is called the ________.

Accepted Answer

A) krone 
B) krona 
C) pound 
D) euro 
A) krone 
B) krona 
C) pound 
D) euro

Question 20

Hofstede's Five Dimensions of National Culture would predict which of the following?

Accepted Answer

A) American employees working in the United States prefer to work in teams and to share team rewards. 
B) The French employees believe that rank should have its privileges. 
C) An Italian manager will readily and comfortably make decisions with few acts; he is willing to take great risks. 
D) A manager in Sweden will be driven to compete,to excel,and to amass wealth. 
A) American employees working in the United States prefer to work in teams and to share team rewards. 
B) The French employees believe that rank should have its privileges. 
C) An Italian manager will readily and comfortably make decisions with few acts; he is willing to take great risks. 
D) A manager in Sweden will be driven to compete,to excel,and to amass wealth.

The World Trade Organization evolved from which of the following?

Managers who want to get into a global market with minimal investment start with global sourcing.

Unlike the United States,the change from one regime to another in foreign countries can be less than peaceful.Differences in the ________ can lead to uncertainty and risk for global managers.

Parochialism is a tendency to ________.

In 1984 Toyota and General Motors formed a company called NUMMI to build cars carrying both the General Motors and Toyota brands.NUMMI is an example of a(n)________.

If the rate of inflation in Tomturkistan increased suddenly,what effect would that have on the exchange rate of Tomturkistan currency for U.S.dollars?

Licensing is primarily used by service organizations and franchising is primarily used by manufacturing organizations.

Critics of the WTO claim that ________.

List and discuss the three attitudes managers might have toward international business.

The international operations of their firm continues to grow.Theodore and James have realized that decentralized management using foreign nationals to run operations in the host countries works best.Their firm has developed into a ________ organization.

The purpose of the OECD is ________.

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

For American company Leather Exporters,first quarter sales in Italy were higher compared to the preceding year but profits were down.What could account for this difference?

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

Transnational organizations are also known as ________.

The ________ is a group of five closely associated institutions,all owned by its member countries,that provides vital financial and technical assistance to developing countries around the world.

Multidomestic corporations reflect the ________.

The single European Union currency is called the ________.

Hofstede's Five Dimensions of National Culture would predict which of the following?

Managers in the Workplace

Managers As Decision Makers

Managing the External Environment and the Organizations Culture

Managing Diversity

Managing Social Responsibility and Ethics

Managing Change and Innovation

Planning Work Activities

Managing Strategy

Designing Organizational Structure - Basic Designs

Designing Organizational - Structure Adaptive Design

Managing Human Resources

Creating and Managing Teams

Managing Communication

Understanding and Managing Individual Behavior

Motivating Employees

Being an Effective Leader

Monitoring and Controlling

Filters

Exam 4: Managing in a Global Environment

The World Trade Organization evolved from which of the following?

Managers who want to get into a global market with minimal investment start with global sourcing.

Unlike the United States,the change from one regime to another in foreign countries can be less than peaceful.Differences in the ________ can lead to uncertainty and risk for global managers.

Parochialism is a tendency to ________.

In 1984 Toyota and General Motors formed a company called NUMMI to build cars carrying both the General Motors and Toyota brands.NUMMI is an example of a(n)________.

If the rate of inflation in Tomturkistan increased suddenly,what effect would that have on the exchange rate of Tomturkistan currency for U.S.dollars?

Licensing is primarily used by service organizations and franchising is primarily used by manufacturing organizations.

Critics of the WTO claim that ________.

List and discuss the three attitudes managers might have toward international business.

The international operations of their firm continues to grow.Theodore and James have realized that decentralized management using foreign nationals to run operations in the host countries works best.Their firm has developed into a ________ organization.

The purpose of the OECD is ________.

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

For American company Leather Exporters,first quarter sales in Italy were higher compared to the preceding year but profits were down.What could account for this difference?

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

Transnational organizations are also known as ________.

The ________ is a group of five closely associated institutions,all owned by its member countries,that provides vital financial and technical assistance to developing countries around the world.

Multidomestic corporations reflect the ________.

The single European Union currency is called the ________.

Hofstede's Five Dimensions of National Culture would predict which of the following?

Managers in the Workplace

Managers As Decision Makers

Managing the External Environment and the Organizations Culture

Managing Diversity

Managing Social Responsibility and Ethics

Managing Change and Innovation

Planning Work Activities

Managing Strategy

Designing Organizational Structure - Basic Designs

Designing Organizational - Structure Adaptive Design

Managing Human Resources

Creating and Managing Teams

Managing Communication

Understanding and Managing Individual Behavior

Motivating Employees

Being an Effective Leader

Monitoring and Controlling

Filters