Exam 3: Managing in a Global Environment

The is a single European currency that replaced 12 national currencies and unify a huge marketplace.

________is the most widespread approach to international involvement in China and India.

List the three examples of direct investing mentioned in your text.

The estimated 2010 misery index figures suggest significantly less misery for almost every country as compared to figures at the beginning of the century.

Kim, a Japanese expatriate working in Denmark, tends to use communication primarily to build personal social relationships. She feels that relationships and trust are more important than business. Kim is surprised that her business associates in Denmark do not share the same views. Based on this information, Kim most likely grew up in what type of culture?

The sub-divisions of the international environment are the economic, the sociocultural, and the legal-political environments.

For the past several years, foreign companies have invested more in business in than in any other place in the world.

Political risk is defined as an organization's risk of due to politically based events or actions by host governments.

The American firm joining in the joint venture:

_________is the management of business operations conducted in more than one country.

The criterion traditionally used to classify countries as developed or developing is per capita income.

Your company is interested in producing and marketing a line of coffee that will penetrate the Chinese market. Your firm is willing to supply the equipment, products, product ingredients, trademark, and standardized operating system to entrepreneurs. What type of strategy are you going to use?

The legal-political environment, in international operations, includes which of the following?

The degree of international involvement for the joint venture is an example of:

Which of the following refers to engaging in the international division of labor so as to obtain the cheapest sources of labor and supplies regardless of country?

A cultural attitude marked by the tendency to regard one's own culture as superior to others is called:

Whereby a company builds a subsidiary from scratch in a foreign country, is referred to as an_________ , and is the most risky type of direct investment.

Identify and briefly explain at least two key factors in economic, sociocultural and political-legal environments that affect an organization.

Which of these is a low-context culture?

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