Question 1

The United States, Canada, Mexico, and Honduras are parties to the North American Free Trade Association.

Accepted Answer

A) True 
 B)False

Question 2

Employers in the global marketplace look for which one of the following?

Accepted Answer

A)  a college degree in multicultural awareness 
B)  critical thinking skills 
C)  multi-lingual skills 
D)  respect for differences 
A)  a college degree in multicultural awareness 
B)  critical thinking skills 
C)  multi-lingual skills 
D)  respect for differences

Question 3

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 4

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 5

The advantages of operating globally include ________.

Accepted Answer

A)  higher profits 
B)  higher employee satisfaction 
C)  higher stock trading prices 
D)  lower employee turnover 
A)  higher profits 
B)  higher employee satisfaction 
C)  higher stock trading prices 
D)  lower employee turnover

Question 6

The GLOBE framework for assessing cultures is similar to Hofstede's framework, but measures fewer dimensions.

Accepted Answer

A) True 
 B)False

Question 7

Discuss four global economic issues and how they affect management decisions, providing examples of each.

Accepted Answer

a. Type of economy - There are two major

Question 8

The single European Union currency is called the ________.

Accepted Answer

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

Question 9

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

Accepted Answer

A)  geocentric 
B)  polycentric 
C)  ethnocentric 
D)  regiocentric 
A)  geocentric 
B)  polycentric 
C)  ethnocentric 
D)  regiocentric

Question 10

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

Accepted Answer

A)  It is a company that maintains operations in multiple countries. 
B)  It is a company that maintains franchises in multiple countries. 
C)  It is a company that has multiple home bases and manufacturing plants. 
D)  It is a company that pays corporate taxes in at least two countries. 
A)  It is a company that maintains operations in multiple countries. 
B)  It is a company that maintains franchises in multiple countries. 
C)  It is a company that has multiple home bases and manufacturing plants. 
D)  It is a company that pays corporate taxes in at least two countries.

Question 11

A transnational organization reflects an ethnocentric attitude.

Accepted Answer

A) True 
 B)False

Question 12

Theodore and James decide to enter into an agreement with a firm in Europe allowing them to use their software, brand name, and business methods in return for a lump sum payment and a percentage of sales. The European firm is a service organization that plans to use the software to serve 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 13

The World Trade Organization ________.

Accepted Answer

A)  advises developing countries on issues of trade barriers 
B)  promotes long-term economic development and poverty reduction 
C)  exists to help countries conduct trade through a system of rules 
D)  facilitates trade among third-world countries and developed nations 
A)  advises developing countries on issues of trade barriers 
B)  promotes long-term economic development and poverty reduction 
C)  exists to help countries conduct trade through a system of rules 
D)  facilitates trade among third-world countries and developed nations

Question 14

A corporation drops its organizational structure based on countries and reorganizes into industry groups. This is an example of the company becoming a(n) ________.

Accepted Answer

A)  ethnocentric company 
B)  polycentric organization 
C)  borderless organization 
D)  global company 
A)  ethnocentric company 
B)  polycentric organization 
C)  borderless organization 
D)  global company

Question 15

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

Accepted Answer

A) True 
 B)False

Question 16

When the original members formed the European Union in 1992, the primary motivation was to reassert the region's economic position against the United States and Japan.

Accepted Answer

A) True 
 B)False

Question 17

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?

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

Question 18

A ________ economy is one in which resources are primarily owned and controlled by the private sector.

Accepted Answer

A)  free market 
B)  planned 
C)  command 
D)  democratic 
A)  free market 
B)  planned 
C)  command 
D)  democratic

Question 19

Part of Jose's company's business plan involves setting up a foreign subsidiary. This arrangement involves ________.

Accepted Answer

A)  making products domestically and selling them abroad 
B)  Jose's company giving the foreign subsidiary the right to use its brand name 
C)  directly investing in a foreign country 
D)  minimum global investment 
A)  making products domestically and selling them abroad 
B)  Jose's company giving the foreign subsidiary the right to use its brand name 
C)  directly investing in a foreign country 
D)  minimum global investment

Question 20

The ________ was formed by twelve member countries with the primary motivation of reasserting the region's economic position against the United States and Japan.

Accepted Answer

A)  African Union 
B)  European Union 
C)  Central America Free Trade Agreement 
D)  Association of South-East Asian Nations 
A)  African Union 
B)  European Union 
C)  Central America Free Trade Agreement 
D)  Association of South-East Asian Nations

The United States, Canada, Mexico, and Honduras are parties to the North American Free Trade Association.

Employers in the global marketplace look for which one of the following?

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) ________.

The World Trade Organization evolved from which of the following?

The advantages of operating globally include ________.

The GLOBE framework for assessing cultures is similar to Hofstede's framework, but measures fewer dimensions.

Discuss four global economic issues and how they affect management decisions, providing examples of each.

The single European Union currency is called the ________.

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

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

A transnational organization reflects an ethnocentric attitude.

The World Trade Organization ________.

A corporation drops its organizational structure based on countries and reorganizes into industry groups. This is an example of the company becoming a(n) ________.

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

When the original members formed the European Union in 1992, the primary motivation was to reassert the region's economic position against the United States and Japan.

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 ________ economy is one in which resources are primarily owned and controlled by the private sector.

Part of Jose's company's business plan involves setting up a foreign subsidiary. This arrangement involves ________.

The ________ was formed by twelve member countries with the primary motivation of reasserting the region's economic position against the United States and Japan.

Managers and You in the Workplace

Making Decisions

Managing the External Environment and the Organizations Culture

Managing Diversity

Managing Social Responsibility and Ethics

Managing Change and Innovation

Planning Work Activities

Managing Strategy

Entrepreneurial Ventures

Designing Organizational Structure

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 United States, Canada, Mexico, and Honduras are parties to the North American Free Trade Association.

Employers in the global marketplace look for which one of the following?

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) ________.

The World Trade Organization evolved from which of the following?

The advantages of operating globally include ________.

The GLOBE framework for assessing cultures is similar to Hofstede's framework, but measures fewer dimensions.

Discuss four global economic issues and how they affect management decisions, providing examples of each.

The single European Union currency is called the ________.

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

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

A transnational organization reflects an ethnocentric attitude.

The World Trade Organization ________.

A corporation drops its organizational structure based on countries and reorganizes into industry groups. This is an example of the company becoming a(n) ________.

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

When the original members formed the European Union in 1992, the primary motivation was to reassert the region's economic position against the United States and Japan.

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 ________ economy is one in which resources are primarily owned and controlled by the private sector.

Part of Jose's company's business plan involves setting up a foreign subsidiary. This arrangement involves ________.

The ________ was formed by twelve member countries with the primary motivation of reasserting the region's economic position against the United States and Japan.

Managers and You in the Workplace

Making Decisions

Managing the External Environment and the Organizations Culture

Managing Diversity

Managing Social Responsibility and Ethics

Managing Change and Innovation

Planning Work Activities

Managing Strategy

Entrepreneurial Ventures

Designing Organizational Structure

Managing Human Resources

Creating and Managing Teams

Managing Communication

Understanding and Managing Individual Behavior

Motivating Employees

Being an Effective Leader

Monitoring and Controlling

Filters