Question 1

_________stands for preference for achievement, heroism, assertiveness, work centrality with resultant high stress), and material success.

Accepted Answer

The answer of _________stands for preference for achievement, heroism, assertiveness,...

Question 2

The Maquiladora industry along the Texas-Mexico border on the Mexico side uses cheap labor for assembling products. This lowers the price for U.S. consumers and is an example of:

Accepted Answer

A)  licensing. 
B)  joint venture. 
C)  outsourcing. 
D)  franchising. 
E)  none of these.

Question 3

________aspects of management do not change when doing business internationally.

Accepted Answer

A)  Planning 
B)  Organizing 
C)  Controlling 
D)  Leading 
E)  All of these

Question 4

When it comes to economic development, a currently developing country is also called an _________.

Accepted Answer

The answer of When it comes to economic development, a...

Question 5

Market risk is defined as the risk of loss of assets, earning power, or managerial control due to politically based events or actions by host governments.

Accepted Answer

A) True 
 B)False

Question 6

A preference for a tightly knit social framework in which individuals look after one another and organizations protect their members' interests refers to _________.

Accepted Answer

The answer of A preference for a tightly knit social...

Question 7

A.R.C. is a large non-profit humanitarian aid organization that has been forced to pull out of several African markets in recent years due to civil wars and large-scale violence. This demonstrates which frequently cited problem for international companies?

Accepted Answer

A)  Political instability 
B)  Communist governments 
C)  Economic instability 
D)  Political risk 
E)  Financial risk

Question 8

A multinational corporation typically receives more than 25 percent of its total sales revenues from operations inside the parent's home country.

Accepted Answer

A) True 
 B)False

Question 9

All of the following are cultural dimensions as defined by the GLOBE Project, except .

Accepted Answer

A)  assertiveness 
B)  gender differentiation 
C)  social collectivism 
D)  humane orientation 
E)  masculinity

Question 10

The social value of uncertainty avoidance is evident in countries like Greece, which supports beliefs that provide stability and conformity among its citizenry.

Accepted Answer

A) True 
 B)False

Question 11

Large international firms typically are called multinational corporations.

Accepted Answer

A) True 
 B)False

Question 12

A value that reflects a loosely knit social framework in which individuals are expected to take care of themselves is called:

Accepted Answer

A)  culture. 
B)  individualism. 
C)  ethnocentrism. 
D)  masculinity. 
E)  power distance.

Question 13

Many U.S. managers fail to realize that the values and behaviors that typically govern how business is done in the United States do not translate to the rest of the world.

Accepted Answer

A) True 
 B)False

Question 14

Which of the following companies place an emphasis on their home countries?

Accepted Answer

A)  Polycentric 
B)  Geocentric 
C)  Ethnocentric 
D)  Global 
E)  Regiocentric

Question 15

Exchange rates are included in which of the following international environments?

Accepted Answer

A)  The legal-political sector 
B)  The economic environment 
C)  The sociocultural environment 
D)  The barter system environment 
E)  The government sector

Question 16

Collectivist values are represented in the social framework of which of these?

Accepted Answer

A)  The United States 
B)  Australia 
C)  Brazil 
D)  Great Britain 
E)  All of these

Question 17

Exporting, licensing, and direct investing are called strategies because they represent alternative ways to sell products and services in foreign markets.

Accepted Answer

A)  globalized 
B)  expansion 
C)  retrenchment 
D)  market entry 
E)  concentrated business

Question 18

The goal of the European Union is to create a powerful single market system for Europe's millions of consumers.

Accepted Answer

A) True 
 B)False

Question 19

Your grocery store in India is having trouble getting the local farmers to supply you with the proper produce. This is a problem with India's:

Accepted Answer

A)  product market. 
B)  resource market. 
C)  infrastructure. 
D)  economy. 
E)  power distance.

Question 20

Ethnocentrism refers to a natural tendency of people to regard their own culture as superior and to downgrade or dismiss other cultural values.

Accepted Answer

A) True 
 B)False

Exam 3: Managing in a Global Environment

_________stands for preference for achievement, heroism, assertiveness, work centrality with resultant high stress), and material success.

The Maquiladora industry along the Texas-Mexico border on the Mexico side uses cheap labor for assembling products. This lowers the price for U.S. consumers and is an example of:

________aspects of management do not change when doing business internationally.

When it comes to economic development, a currently developing country is also called an _________.

Market risk is defined as the risk of loss of assets, earning power, or managerial control due to politically based events or actions by host governments.

A preference for a tightly knit social framework in which individuals look after one another and organizations protect their members' interests refers to _________.

A.R.C. is a large non-profit humanitarian aid organization that has been forced to pull out of several African markets in recent years due to civil wars and large-scale violence. This demonstrates which frequently cited problem for international companies?

A multinational corporation typically receives more than 25 percent of its total sales revenues from operations inside the parent's home country.

All of the following are cultural dimensions as defined by the GLOBE Project, except .

The social value of uncertainty avoidance is evident in countries like Greece, which supports beliefs that provide stability and conformity among its citizenry.

Large international firms typically are called multinational corporations.

A value that reflects a loosely knit social framework in which individuals are expected to take care of themselves is called:

Many U.S. managers fail to realize that the values and behaviors that typically govern how business is done in the United States do not translate to the rest of the world.

Which of the following companies place an emphasis on their home countries?

Exchange rates are included in which of the following international environments?

Collectivist values are represented in the social framework of which of these?

Exporting, licensing, and direct investing are called strategies because they represent alternative ways to sell products and services in foreign markets.

The goal of the European Union is to create a powerful single market system for Europe's millions of consumers.

Your grocery store in India is having trouble getting the local farmers to supply you with the proper produce. This is a problem with India's:

Ethnocentrism refers to a natural tendency of people to regard their own culture as superior and to downgrade or dismiss other cultural values.