Question 1

A country's physical facilities that support its economic activities such as ports make up its _____.

Accepted Answer

A)  resource markets 
B)  infrastructure 
C)  physical markets 
D)  product markets 
E)  plants and equipment

Question 2

Collectivism means a preference for a tightly knit social framework in which individuals look after one another and organizations protect their members' interests.

Accepted Answer

A) True 
 B)False

Question 3

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 4

The _____ is the single European currency that has replaced 19 national currencies.

Accepted Answer

The answer of The _____ is the single European currency...

Question 5

A value characterized by people's intolerance for unpredictability and ambiguity and resulting support for beliefs that promise certainty and conformity refers to _____.

Accepted Answer

The answer of A value characterized by people's intolerance for...

Question 6

According to the GLOBE Value Dimensions, Japan and Russia both have very high performance orientation.

Accepted Answer

A) True 
 B)False

Question 7

Licensing means engaging in the international division of labour so that work activities can be done in countries with the cheapest sources of labor and supplies.

Accepted Answer

A) True 
 B)False

Question 8

One of the most universal gestures is:

Accepted Answer

A)  moving your right arm up and moving your left arm down two times (waving). 
B)  scratching your chin four times (thinking). 
C)  smiling (happiness or politeness). 
D)  closing your eyes six times (boredom). 
E)  holding your head high five times (congratulations).

Question 9

For most western companies, ____ of their manufacturing has led to massive job creation in China and India.

Accepted Answer

A)  Importing 
B)  Exporting 
C)  Insourcing 
D)  Outsourcing 
E)  Transferring

Question 10

A foreign subsidiary over which an organization has complete control is called a:

Accepted Answer

A)  joint venture. 
B)  licensing agreement. 
C)  franchise. 
D)  wholly owned foreign subsidiary. 
E)  foreign venture.

Question 11

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

Accepted Answer

A) True 
 B)False

Question 12

In the home country, a manager primarily tends to use communication to build personal and social relationships, but in the foreign subsidiary does not make extensive use of communication in this way. Based on this information, the manager most likely grew up in what type of culture?

Accepted Answer

A)  Human-oriented 
B)  Passive 
C)  Assertive 
D)  Low-context 
E)  High-context

Question 13

A nation's _____ includes the shared knowledge, beliefs, values, common modes of behaviour and ways of thinking among most members of its society.

Accepted Answer

A)  power distance 
B)  culture 
C)  masculinity 
D)  individualism 
E)  uncertainty avoidance

Question 14

A company wants to reduce shipping costs by producing goods closer to their customers in foreign countries. This strategy would reduce transportation costs and storage costs. The company is engaging in which strategy?

Accepted Answer

A)  Franchising 
B)  Exporting 
C)  Foreign direct investment 
D)  Barter agreement 
E)  Licensing

Question 15

Which have been the two most attractive countries for global companies so far?

Accepted Answer

A)  Russia and Japan 
B)  Sweden and Germany 
C)  China and India 
D)  Brazil and Philippines 
E)  Indonesia and Brazil

Question 16

An industry uses cheap overseas labour for assembling products. This lowers the price for consumers and is an example of:

Accepted Answer

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

Question 17

List five of the countries that make up the European Union (EU).

Accepted Answer

The answer of List five of the countries that make...

Question 18

In countries where women are often in positions of high status, the GLOBE Project would describe that culture as low in _____.

Accepted Answer

A)  assertiveness 
B)  uncertainty avoidance 
C)  gender differentiation 
D)  societal collectivism 
E)  performance orientation

Question 19

One of Hofstede's social values that he developed later in his career is:

Accepted Answer

A)  power distance. 
B)  uncertainty avoidance. 
C)  masculinity. 
D)  collectivism. 
E)  long-term orientation.

Question 20

With exporting, the corporation transfers its products for sale and its production facilities in foreign countries.

Accepted Answer

A) True 
 B)False

Exam 5: Managing in a Global Environment

A country's physical facilities that support its economic activities such as ports make up its _____.

Collectivism means a preference for a tightly knit social framework in which individuals look after one another and organizations protect their members' interests.

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

The _____ is the single European currency that has replaced 19 national currencies.

A value characterized by people's intolerance for unpredictability and ambiguity and resulting support for beliefs that promise certainty and conformity refers to _____.

According to the GLOBE Value Dimensions, Japan and Russia both have very high performance orientation.

Licensing means engaging in the international division of labour so that work activities can be done in countries with the cheapest sources of labor and supplies.

One of the most universal gestures is:

For most western companies, ____ of their manufacturing has led to massive job creation in China and India.

A foreign subsidiary over which an organization has complete control is called a:

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

In the home country, a manager primarily tends to use communication to build personal and social relationships, but in the foreign subsidiary does not make extensive use of communication in this way. Based on this information, the manager most likely grew up in what type of culture?

A nation's _____ includes the shared knowledge, beliefs, values, common modes of behaviour and ways of thinking among most members of its society.

A company wants to reduce shipping costs by producing goods closer to their customers in foreign countries. This strategy would reduce transportation costs and storage costs. The company is engaging in which strategy?

Which have been the two most attractive countries for global companies so far?

An industry uses cheap overseas labour for assembling products. This lowers the price for consumers and is an example of:

List five of the countries that make up the European Union (EU).

In countries where women are often in positions of high status, the GLOBE Project would describe that culture as low in _____.

One of Hofstede's social values that he developed later in his career is:

With exporting, the corporation transfers its products for sale and its production facilities in foreign countries.