Exam 3: Managing in a Global Environment

The term top of the pyramid refers to the more than four billion people who earn the least, as defined by per capita income.

_________means engaging in the international division of labor so that manufacturing can be done in countries with the cheapest sources of labor and supplies.

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

Because of cheap labor, most international business firms are headquartered in the less developed countries of Asia and South America.

Go RVing, a U.S. company, built a subsidiary from scratch in England. This is an example of:

_________is the criterion traditionally used to classify countries as developed or developing.

is a concept that proposes that corporations can alleviate poverty and other social ills by selling to the world's poorest people.

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

As a first step into international business, which two countries are most companies going to today?

Which of the following pairs of alternatives closely resemble each other in the amount of ownership, control and risk obtained in operating international businesses?

Resource development, infrastructure, and exchange rates all describe which dimension in the international environment?

Today's companies compete in a .

Language, values, religion, and education all describe which dimension in the international environment?

A company's risk of loss of assets, earning power, or managerial control due to politically based events or action by host government is referred to as:

An MNC is managed as an integrated worldwide business system.

A nation's_________ includes the shared knowledge, beliefs, and values, as well as the common modes of behavior and ways of thinking, among members of a society.

Recent research by the GLOBE project has extended________ research and offered new insights for managers.

Direct investing means that the company is involved in managing the productive assets, which distinguishes it from other entry strategies that permit less managerial control.

MNCs that are oriented toward the markets of individual foreign host countries are considered .

Rooftop International, Inc. buys insurance against host government takeover when investing in foreign countries. This is an example of which sector of the international environment?