Question 1

Third-country nationals are organization members who are citizens of the country in which the facility of a foreign-born organization is located.

Accepted Answer

A) True 
 B)False

Question 2

Managers with a(n)________ attitude believe that the overall quality of management recommendations,rather than the location of managers,should determine the acceptability of management practices used to guide multinational corporations.

Accepted Answer

A) ethnocentric 
B) polycentric 
C) geocentric 
D) xenocentric 
E) gynocentric

Question 3

APEC was established in 1989 to further the economic growth and prosperity of the ________ community.

Accepted Answer

A) North American 
B) Asia-Pacific 
C) Commonwealth 
D) European 
E) African

Question 4

A license agreement is a right granted by one company to another to use its brand name and technology in the manufacture or sale of goods and services.

Accepted Answer

A) True 
 B)False

Question 5

Why do managers make foreign investments? What are the risks involved in this?

Accepted Answer

The answer of Why do managers make foreign investments? What...

Question 6

The European Union is an example of an international market agreement.

Accepted Answer

A) True 
 B)False

Question 7

What are the six stages of multinationalization? What activities does a company perform at each stage?

Accepted Answer

The answer of What are the six stages of multinationalization?...

Question 8

Which of the following is true for employees of multinational organizations?

Accepted Answer

A) A third-country national works for a foreign organization in its home country. 
B) A host-country national will face problems adjusting to the culture of the country in which he works. 
C) Expatriates and third-country nationals have to be relocated and undergo training. 
D) A host-country national is an organization member who lives and works in a country where he or she does not have citizenship. 
E) Host-country nationals are usually the most expensive to employ.

Question 9

Define the different categories of organizations by extent of international involvement.

Accepted Answer

The answer of Define the different categories of organizations by...

Question 10

The ________ function of management involves determining how an organization will achieve its objectives.

Accepted Answer

A) planning 
B) organizing 
C) influencing 
D) controlling 
E) observing

Question 11

A partnership formed by a company in one country with a company in another country for the purpose of pursuing some mutually desirable business undertaking is known as a(n)________.

Accepted Answer

A) international market agreement 
B) direct investment 
C) joint venture 
D) license agreement 
E) franchise agreement

Question 12

International plans that include ________ emphasize the attainment of organizational objectives through partnerships with foreign companies.

Accepted Answer

A) joint ventures 
B) imports 
C) exports 
D) license agreements 
E) direct investing

Question 13

The management of a company decides to take corrective action in the way they have been comparing profits generated by organizational units located in different countries and decides to represent it in terms of different currencies.Which of the following management functions is being performed here?

Accepted Answer

A) planning 
B) influencing 
C) controlling 
D) organizing 
E) leading

Question 14

Joe is a citizen of Sri Lanka who lives and works for a company in Brazil.He is considered to be a(n)________.

Accepted Answer

A) dual citizen 
B) expatriate 
C) repatriate 
D) host-country national 
E) home-country national

Question 15

Which of the following types of organizations has the highest level of international involvement?

Accepted Answer

A) regional organizations 
B) national organizations 
C) transnational organizations 
D) ethnocentric organizations 
E) domestic organizations

Question 16

________ organizations essentially operate within a single country.

Accepted Answer

A) Multinational 
B) Transnational 
C) Global 
D) Domestic 
E) International

Question 17

Adam & Sons is a fifty-year-old watch company based in Alabama.The major bulk of its sales has always taken place within the United States.Adam & Sons recently became the sole U.S distributors for Japanese watch manufacturer TLC.Adam & Sons would therefore be classified as a(n)________.

Accepted Answer

A) international organization 
B) multinational organization 
C) transnational organization 
D) global organization 
E) domestic organization

Question 18

One form of international management is fighting competition in foreign markets.

Accepted Answer

A) True 
 B)False

Question 19

An international organization has a lower level of international involvement than a multinational organization.

Accepted Answer

A) True 
 B)False

Question 20

Hugh is an American citizen currently living in Denmark.He works for a company that has its headquarters in France.He is a ________.

Accepted Answer

A) third-country national 
B) host-country national 
C) home-country national 
D) dual citizen 
E) repatriate

Exam 5: Managing in the Global Arena

Third-country nationals are organization members who are citizens of the country in which the facility of a foreign-born organization is located.

Managers with a(n) ________ attitude believe that the overall quality of management recommendations,rather than the location of managers,should determine the acceptability of management practices used to guide multinational corporations.

APEC was established in 1989 to further the economic growth and prosperity of the ________ community.

A license agreement is a right granted by one company to another to use its brand name and technology in the manufacture or sale of goods and services.

Why do managers make foreign investments? What are the risks involved in this?

The European Union is an example of an international market agreement.

What are the six stages of multinationalization? What activities does a company perform at each stage?

Which of the following is true for employees of multinational organizations?

Define the different categories of organizations by extent of international involvement.

The ________ function of management involves determining how an organization will achieve its objectives.

A partnership formed by a company in one country with a company in another country for the purpose of pursuing some mutually desirable business undertaking is known as a(n) ________.

International plans that include ________ emphasize the attainment of organizational objectives through partnerships with foreign companies.

The management of a company decides to take corrective action in the way they have been comparing profits generated by organizational units located in different countries and decides to represent it in terms of different currencies.Which of the following management functions is being performed here?

Joe is a citizen of Sri Lanka who lives and works for a company in Brazil.He is considered to be a(n) ________.

Which of the following types of organizations has the highest level of international involvement?

________ organizations essentially operate within a single country.

Adam & Sons is a fifty-year-old watch company based in Alabama.The major bulk of its sales has always taken place within the United States.Adam & Sons recently became the sole U.S distributors for Japanese watch manufacturer TLC.Adam & Sons would therefore be classified as a(n) ________.

One form of international management is fighting competition in foreign markets.

An international organization has a lower level of international involvement than a multinational organization.

Hugh is an American citizen currently living in Denmark.He works for a company that has its headquarters in France.He is a ________.