Question 1

The World Trade Organization is centered around which of the following?

Accepted Answer

A)  peace treaties 
B)  economic sanctions 
C)  trade agreements 
D)  public protests

Question 2

The reason that a nation's cultural differences are the most difficult to gain information about is because __________.

Accepted Answer

A)  providing this information to foreign organizations reduces a competitive business advantage 
B)  there is little written on the issue 
C)  "natives" are least capable of explaining the unique characteristics of their own culture 
D)  people tend to be sensitive about their own culture

Question 3

Transnational organizations are focused on __________.

Accepted Answer

A)  increasing efficiency 
B)  reinforcing structural divisions 
C)  developing INVs 
D)  all of the above

Question 4

An international company is most likely to develop foreign subsidiaries __________.

Accepted Answer

A)  before it develops franchising agreements 
B)  after it establishes strategic alliances 
C)  before it develops licensing agreements 
D)  before it begins importing and exporting

Question 5

GLOBE stands for Global Leadership and Organizational Behavior Effectiveness.

Accepted Answer

A) True 
 B)False

Question 6

A(n) __________attitude is the view that host- country managers know the best practices for running their operations.

Accepted Answer

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

Question 7

Multinational corporations maintain significant operations in two or more countries simultaneously, but are based in one home country.

Accepted Answer

A) True 
 B)False

Question 8

Business Expansion Plan (Scenario)
As a business expansion director, Salma's goal is to scout out potential locations and basically provide input on how her company should proceed with its planned expansion into Europe. There are many options, including maintaining the businesses head office in Egypt and sending over company representatives when necessary or establishing separate operations facilities abroad and hiring locals as managers.
-One section of Salma's company's business plan involves strategic alliances and joint ventures. This section is most likely focused on the phase of the __________company's global business expansion.

Accepted Answer

A)  preliminary 
B)  final 
C)  legal 
D)  middle

Question 9

Multidomestic corporations are known for __________.

Accepted Answer

A)  ethnocentric attitudes 
B)  multicentric attitudes 
C)  polycentric attitudes 
D)  having their holdings in one country

Question 10

The primary motivation for the creation of the EU was to allow Europeans to reassert their position against the industrial strength of the United States and Japan.

Accepted Answer

A) True 
 B)False

Question 11

A(n) __________attitude is characterized by parochialism.

Accepted Answer

A)  polylinguistic 
B)  acculturated 
C)  ethnocentric 
D)  geocentric

Question 12

__________is a cultural measure of the degree to which people will tolerate risk and unconventional behavior.

Accepted Answer

A)  Nurturing 
B)  Power distance 
C)  Achievement 
D)  Uncertainty avoidance

Question 13

Business Expansion Plan (Scenario)
As a business expansion director, Salma's goal is to scout out potential locations and basically provide input on how her company should proceed with its planned expansion into Europe. There are many options, including maintaining the businesses head office in Egypt and sending over company representatives when necessary or establishing separate operations facilities abroad and hiring locals as managers.
-If Salma's company decides to open another company in France but maintain its management in Egypt, it would be considered a__________ .

Accepted Answer

A)  global company 
B)  regional trade alliance 
C)  multidomestic corporation 
D)  transnational corporation

Question 14

A New Assignment (Scenario)
Mariam was given a new assignment to head up the European division of a multinational organization. Before leaving her country to take up her new assignment she needed training to manage and understand the European division.
-Mariam also needed to learn about regional trading alliances and the impact on her division. The alliance that had a direct impact on her division was__________

Accepted Answer

A)  EU 
B)  WTO 
C)  NAFTA 
D)  SAARC

Question 15

Which of the following is the  least  favorable attitude for a manager who wishes to be successful in international business?

Accepted Answer

A)  ethnocentric 
B)  polycentric 
C)  multicentric 
D)  multicultural

Question 16

A Foreign Alliance Talk (Scenario)
As manager of the international department for your company, you have been asked by the local Chamber of Commerce to deliver a speech on foreign trade. The chamber president even goes so far as to say "and be sure to include the EU, NAFTA, CAEU, GAFTA and all that stuff because we're afraid the economists are right -all the good jobs will have to go elsewhere." As you pour over your notes, you try to choose the best information to present in the allotted half hour.
-Another hot topic will be NAFTA. One of the points that you emphasize is that __________.

Accepted Answer

A)  U.S. high- tech companies, such as computer manufacturers, have been hit hard by the NAFTA provisions 
B)  Canada is profiting the most in this arrangement 
C)  the United States has definitely come out the worst of the three nations 
D)  the expansion of NAFTA has benefited North America's competitiveness and economic power

Question 17

In a short essay discuss the methods firms can use to enter new global markets.

Accepted Answer

The answer of In a short essay discuss the methods...

Question 18

How many member nations belong to the African Union (AU)?

Accepted Answer

A)  67 
B)  53 
C)  46 
D)  62

Question 19

Organizations in which of the following cultures are likely to have formal rules and little tolerance for unusual ideas and behaviors?

Accepted Answer

A)  Low power distance 
B)  Low uncertainty avoidance 
C)  High power distance 
D)  High uncertainty avoidance

Question 20

Which of the following countries is not a member of the European Union?

Accepted Answer

A)  Cyprus 
B)  Iceland 
C)  Slovenia 
D)  Ireland

Exam 4: Managing in a Global Environment

The World Trade Organization is centered around which of the following?

The reason that a nation's cultural differences are the most difficult to gain information about is because __________.

Transnational organizations are focused on __________.

An international company is most likely to develop foreign subsidiaries __________.

GLOBE stands for Global Leadership and Organizational Behavior Effectiveness.

A(n) __________attitude is the view that host- country managers know the best practices for running their operations.

Multinational corporations maintain significant operations in two or more countries simultaneously, but are based in one home country.

Multidomestic corporations are known for __________.

The primary motivation for the creation of the EU was to allow Europeans to reassert their position against the industrial strength of the United States and Japan.

A(n) __________attitude is characterized by parochialism.

__________is a cultural measure of the degree to which people will tolerate risk and unconventional behavior.

Which of the following is the least favorable attitude for a manager who wishes to be successful in international business?

In a short essay discuss the methods firms can use to enter new global markets.

How many member nations belong to the African Union (AU) ?

Organizations in which of the following cultures are likely to have formal rules and little tolerance for unusual ideas and behaviors?

Which of the following countries is not a member of the European Union?