Question 1

State-of-the-art companies with sales, employees, and financing in different countries that are found with an active global strategy are called _____.

Accepted Answer

A) wholly owned affiliates 
B) ​global new ventures 
C) franchisees 
D) strategic alliances 
E) subsidized corporations 
A) wholly owned affiliates 
B) ​global new ventures 
C) franchisees 
D) strategic alliances 
E) subsidized corporations

Question 2

Identify a common factor of global new ventures?

Accepted Answer

A) The bringing of a product or service to several different foreign markets at the same time 
B) The use of local adaptation strategy 
C) A mechanistic organizational culture 
D) The ability to respond quickly and efficiently to any changes in the external environment 
E) The development of culturally­specific implementation policies 
A) The bringing of a product or service to several different foreign markets at the same time 
B) The use of local adaptation strategy 
C) A mechanistic organizational culture 
D) The ability to respond quickly and efficiently to any changes in the external environment 
E) The development of culturally­specific implementation policies

Question 3

_____ is associated with the risk of major changes in governmental regimes that can result from war, revolution, death of political leaders, social unrest, or other influential events.

Accepted Answer

A) Individualism 
B) ​Power distance 
C) ​​​Political uncertainty 
D) ​Short­term orientation 
E) ​Policy uncertainty 
A) Individualism 
B) ​Power distance 
C) ​​​Political uncertainty 
D) ​Short­term orientation 
E) ​Policy uncertainty

Question 4

To protect its farmers, Japan put limitations on the amount of mushrooms and leeks that could be imported from China. This limitation is an example of a(n) _____.

Accepted Answer

A) tariff 
B) voluntary import restraint 
C) subsidy 
D) agricultural import standard 
E) quota 
A) tariff 
B) voluntary import restraint 
C) subsidy 
D) agricultural import standard 
E) quota

Question 5

A particular society emphasizes the importance of relationship in its culture. They take good care of the weak people in their society and value modesty. In this context, this society has a(n) _____ culture.

Accepted Answer

A) ​masculine 
B) ​long­term oriented 
C) ​feminine 
D) ​short­term oriented 
E) ​individualistic 
A) ​masculine 
B) ​long­term oriented 
C) ​feminine 
D) ​short­term oriented 
E) ​individualistic

Question 6

Triston is a company owned by a single owner with headquarters in Switzerland and manufacturing plants in 90 other nations. Triston is an example of a(n) _____.

Accepted Answer

A) joint venture 
B) multinational corporation 
C) ethnocentric organization 
D) polycentric organization 
E) franchise 
A) joint venture 
B) multinational corporation 
C) ethnocentric organization 
D) polycentric organization 
E) franchise

Question 7

​The General Agreement on Tariffs and Trade (GATT):

Accepted Answer

A) ​replaced the United Nations court system. 
B) ​eliminated government subsidies. 
C) ​eliminated tariffs in ten specific industries. 
D) ​operated in a fashion similar to the Chamber of Commerce. 
E) ​imposed tariffs on all countries. 
A) ​replaced the United Nations court system. 
B) ​eliminated government subsidies. 
C) ​eliminated tariffs in ten specific industries. 
D) ​operated in a fashion similar to the Chamber of Commerce. 
E) ​imposed tariffs on all countries.

Question 8

The trade agreement that represented the most significant change to the regulations governing global trade during the 1990s was the _____.

Accepted Answer

A) Maastricht Treaty of Europe 
B) North American Free Trade Agreement 
C) World Trade Organization 
D) Asia­Pacific Economic Cooperation 
E) Asian Free Trade Arrangement 
A) Maastricht Treaty of Europe 
B) North American Free Trade Agreement 
C) World Trade Organization 
D) Asia­Pacific Economic Cooperation 
E) Asian Free Trade Arrangement

Question 9

The term _____ is used by Hofstede to describe the degree to which people in a country are uncomfortable with unstructured, ambiguous, unpredictable situations.

Accepted Answer

A) masculinity 
B) power distance 
C) short­term/long­term orientation 
D) ​uncertainty avoidance 
E) political uncertainty 
A) masculinity 
B) power distance 
C) short­term/long­term orientation 
D) ​uncertainty avoidance 
E) political uncertainty

Question 10

The criteria for choosing an office/manufacturing location are different from the criteria for entering a foreign market.

Accepted Answer

A) True 
 B)False

Question 11

Two factors that help companies determine the growth potential of foreign markets are the purchasing power of the consumers and types of foreign competitors already in the market.

Accepted Answer

A) True 
 B)False

Question 12

Global new ventures bring a product or service to market in one foreign market at a time.

Accepted Answer

A) True 
 B)False

Question 13

An attractive business climate is defined by only one dimension: it minimizes the political risk to a company.

Accepted Answer

A) True 
 B)False

Question 14

The _____ has liberalized trade between countries so that business can plan for one market rather than for three separate markets.

Accepted Answer

A) Maastricht Treaty of Europe 
B) Association of Southeast Asian Nations 
C) Asia­Pacific Economic Cooperation 
D) North American Free Trade Agreement 
E) General Agreement on Tariffs and Trade 
A) Maastricht Treaty of Europe 
B) Association of Southeast Asian Nations 
C) Asia­Pacific Economic Cooperation 
D) North American Free Trade Agreement 
E) General Agreement on Tariffs and Trade

Question 15

_____ is the most important factor in determining the success or failure of an international assignment.

Accepted Answer

A) The amount of language training provided to an expatriate 
B) The amount of cross­cultural training provided to an expatriate 
C) The willingness of an expatriate's spouse and family to adjust to a foreign culture 
D) The willingness of an expatriate to accept a foreign assignment 
E) The similarity of a foreign language to an expatriate's native language 
A) The amount of language training provided to an expatriate 
B) The amount of cross­cultural training provided to an expatriate 
C) The willingness of an expatriate's spouse and family to adjust to a foreign culture 
D) The willingness of an expatriate to accept a foreign assignment 
E) The similarity of a foreign language to an expatriate's native language

Question 16

The two general kinds of trade barriers are _____.

Accepted Answer

A) government import standards and industry import standards 
B) qualitative and quantitative barriers 
C) voluntary and involuntary barriers 
D) nationalistic and geocentric barriers 
E) tariff barriers and nontariff barriers 
A) government import standards and industry import standards 
B) qualitative and quantitative barriers 
C) voluntary and involuntary barriers 
D) nationalistic and geocentric barriers 
E) tariff barriers and nontariff barriers

Question 17

A multinational company that acts with _____ has offices, manufacturing plants, and distribution facilities in different countries that are run based on the same rules, guidelines, policies, and procedures.

Accepted Answer

A) policy certainty 
B) global consistency 
C) global adaptation 
D) global certainty 
E) regiocentrism 
A) policy certainty 
B) global consistency 
C) global adaptation 
D) global certainty 
E) regiocentrism

Question 18

A(n) _____ is a direct tax on imported goods.

Accepted Answer

A) tariff 
B) nontariff barrier 
C) trade roadblock 
D) boycott quota 
E) import subsidy 
A) tariff 
B) nontariff barrier 
C) trade roadblock 
D) boycott quota 
E) import subsidy

Question 19

The _____ strategy of minimizing or adapting to the political risk inherent in global business makes use of joint ventures and collaborative contracts.

Accepted Answer

A) avoidance 
B) defensive 
C) control 
D) offensive 
E) ​cooperation 
A) avoidance 
B) defensive 
C) control 
D) offensive 
E) ​cooperation

Question 20

According to Hofstede's research on cultural dimensions, _____ cultures emphasize the importance of relationships, modesty, caring for the weak, and quality of life.

Accepted Answer

A) economic­based 
B) feminine 
C) relationship­oriented 
D) individualistic 
E) masculine 
A) economic­based 
B) feminine 
C) relationship­oriented 
D) individualistic 
E) masculine

State-of-the-art companies with sales, employees, and financing in different countries that are found with an active global strategy are called _____.

Identify a common factor of global new ventures?

_____ is associated with the risk of major changes in governmental regimes that can result from war, revolution, death of political leaders, social unrest, or other influential events.

To protect its farmers, Japan put limitations on the amount of mushrooms and leeks that could be imported from China. This limitation is an example of a(n) _____.

A particular society emphasizes the importance of relationship in its culture. They take good care of the weak people in their society and value modesty. In this context, this society has a(n) _____ culture.

Triston is a company owned by a single owner with headquarters in Switzerland and manufacturing plants in 90 other nations. Triston is an example of a(n) _____.

The General Agreement on Tariffs and Trade (GATT):

The trade agreement that represented the most significant change to the regulations governing global trade during the 1990s was the _____.

The term _____ is used by Hofstede to describe the degree to which people in a country are uncomfortable with unstructured, ambiguous, unpredictable situations.

The criteria for choosing an office/manufacturing location are different from the criteria for entering a foreign market.

Two factors that help companies determine the growth potential of foreign markets are the purchasing power of the consumers and types of foreign competitors already in the market.

Global new ventures bring a product or service to market in one foreign market at a time.

An attractive business climate is defined by only one dimension: it minimizes the political risk to a company.

The _____ has liberalized trade between countries so that business can plan for one market rather than for three separate markets.

_____ is the most important factor in determining the success or failure of an international assignment.

The two general kinds of trade barriers are _____.

A multinational company that acts with _____ has offices, manufacturing plants, and distribution facilities in different countries that are run based on the same rules, guidelines, policies, and procedures.

A(n) _____ is a direct tax on imported goods.

The _____ strategy of minimizing or adapting to the political risk inherent in global business makes use of joint ventures and collaborative contracts.

According to Hofstede's research on cultural dimensions, _____ cultures emphasize the importance of relationships, modesty, caring for the weak, and quality of life.

Management

The History of Management

Organizational Environments and Cultures

Ethics and Social Responsibility

Planning and Decision Making

Organizational Strategy

Innovation and Change

Designing Adaptive Organizations

Managing Teams

Managing Human Resource Systems

Managing Individuals and a Diverse Workforce

Motivation

Filters

Exam 8: Global Management

State-of-the-art companies with sales, employees, and financing in different countries that are found with an active global strategy are called _____.

Identify a common factor of global new ventures?

_____ is associated with the risk of major changes in governmental regimes that can result from war, revolution, death of political leaders, social unrest, or other influential events.

To protect its farmers, Japan put limitations on the amount of mushrooms and leeks that could be imported from China. This limitation is an example of a(n) _____.

A particular society emphasizes the importance of relationship in its culture. They take good care of the weak people in their society and value modesty. In this context, this society has a(n) _____ culture.

Triston is a company owned by a single owner with headquarters in Switzerland and manufacturing plants in 90 other nations. Triston is an example of a(n) _____.

​The General Agreement on Tariffs and Trade (GATT):

The trade agreement that represented the most significant change to the regulations governing global trade during the 1990s was the _____.

The term _____ is used by Hofstede to describe the degree to which people in a country are uncomfortable with unstructured, ambiguous, unpredictable situations.

The criteria for choosing an office/manufacturing location are different from the criteria for entering a foreign market.

Two factors that help companies determine the growth potential of foreign markets are the purchasing power of the consumers and types of foreign competitors already in the market.

Global new ventures bring a product or service to market in one foreign market at a time.

An attractive business climate is defined by only one dimension: it minimizes the political risk to a company.

The _____ has liberalized trade between countries so that business can plan for one market rather than for three separate markets.

_____ is the most important factor in determining the success or failure of an international assignment.

The two general kinds of trade barriers are _____.

A multinational company that acts with _____ has offices, manufacturing plants, and distribution facilities in different countries that are run based on the same rules, guidelines, policies, and procedures.

A(n) _____ is a direct tax on imported goods.

The _____ strategy of minimizing or adapting to the political risk inherent in global business makes use of joint ventures and collaborative contracts.

According to Hofstede's research on cultural dimensions, _____ cultures emphasize the importance of relationships, modesty, caring for the weak, and quality of life.

Management

The History of Management

Organizational Environments and Cultures

Ethics and Social Responsibility

Planning and Decision Making

Organizational Strategy

Innovation and Change

Designing Adaptive Organizations

Managing Teams

Managing Human Resource Systems

Managing Individuals and a Diverse Workforce

Motivation

Filters

The General Agreement on Tariffs and Trade (GATT):