Question 1

Which of the following is the best example of Hofstede's long- versus short-term orientation dimension?

Accepted Answer

A)  People in Erbia believed that competition,ambition,and accumulation of wealth are typical masculine qualities. 
B)  The members of a particular society often prefer more rules and structure and are incapable to adapt to quick changes. 
C)  In an organization,it was mandatory for managers to make decisions by giving more importance to the future than the present. 
D)  The host country employees of an organization prefer to unquestionably abide by the rules of the top management. 
A)  People in Erbia believed that competition,ambition,and accumulation of wealth are typical masculine qualities. 
B)  The members of a particular society often prefer more rules and structure and are incapable to adapt to quick changes. 
C)  In an organization,it was mandatory for managers to make decisions by giving more importance to the future than the present. 
D)  The host country employees of an organization prefer to unquestionably abide by the rules of the top management.

Question 2

Outline the components of a firm's internal environment.

Accepted Answer

A firm's internal environment consists o

Question 3

The factor that distinguishes owners from the board of directors is that:

Accepted Answer

A)  the owners serve as an intermediate group for shareholders. 
B)  the owners maintain legal control of the organization. 
C)  the owners are charged with overseeing the general direction of the firm. 
D)  the owners are elected by the shareholders. 
A)  the owners serve as an intermediate group for shareholders. 
B)  the owners maintain legal control of the organization. 
C)  the owners are charged with overseeing the general direction of the firm. 
D)  the owners are elected by the shareholders.

Question 4

Which of the following statements is true about the dimensions of internal environment?

Accepted Answer

A)  Owners serve as an intermediate group for shareholders. 
B)  Employees cannot directly impact a firm's competitive position. 
C)  Legal control of an organization is maintained by the board of directors. 
D)  Cultures at firms develop over a long period of time. 
A)  Owners serve as an intermediate group for shareholders. 
B)  Employees cannot directly impact a firm's competitive position. 
C)  Legal control of an organization is maintained by the board of directors. 
D)  Cultures at firms develop over a long period of time.

Question 5

Which of the following is a best example of Hofstede's small versus large power distance dimension?

Accepted Answer

A)  In an organization,it was mandatory for managers to make decisions by giving more importance to the future than the present. 
B)  The members of a particular society often prefer more rules and structure and are incapable to adapt to quick changes. 
C)  The host country employees of an organization prefer to unquestionably abide by the rules of the top management. 
D)  People in Erbia believe that competition,ambition,and accumulation of wealth are typical masculine qualities. 
A)  In an organization,it was mandatory for managers to make decisions by giving more importance to the future than the present. 
B)  The members of a particular society often prefer more rules and structure and are incapable to adapt to quick changes. 
C)  The host country employees of an organization prefer to unquestionably abide by the rules of the top management. 
D)  People in Erbia believe that competition,ambition,and accumulation of wealth are typical masculine qualities.

Question 6

The fourth largest regional trading group,MERCOSUR,comprises the countries of:

Accepted Answer

A)  Argentina,Brazil,Paraguay,Uruguay,and Venezuela. 
B)  Bahrain,Kuwait,Oman,and Qatar. 
C)  Canada,Mexico,and United States. 
D)  Costa Rica,El Salvador,Guatemala,Honduras,and Nicaragua. 
A)  Argentina,Brazil,Paraguay,Uruguay,and Venezuela. 
B)  Bahrain,Kuwait,Oman,and Qatar. 
C)  Canada,Mexico,and United States. 
D)  Costa Rica,El Salvador,Guatemala,Honduras,and Nicaragua.

Question 7

How do successful business leaders respond to the changing business environment?

Accepted Answer

Businesses and their leaders do not oper

Question 8

Which of the following entities belongs to the general environment of an organization?

Accepted Answer

A)  Culture 
B)  Technology 
C)  Customers 
D)  Employees 
A)  Culture 
B)  Technology 
C)  Customers 
D)  Employees

Question 9

The responsibility of James and Henry in an organization is to direct and oversee managers to ensure that the jobs are properly done.Both were elected by the shareholders of the organization to serve as an intermediate group.From this scenario it can be inferred that James and Henry are the _____ of the organization.

Accepted Answer

A)  employees 
B)  board of directors 
C)  institutional shareholders 
D)  owners 
A)  employees 
B)  board of directors 
C)  institutional shareholders 
D)  owners

Question 10

Which of the following trade agreements does Costa Rica belong to?

Accepted Answer

A)  North American Free Trade Agreement 
B)  Gulf Cooperation Council 
C)  European Union 
D)  Central American Common Market 
A)  North American Free Trade Agreement 
B)  Gulf Cooperation Council 
C)  European Union 
D)  Central American Common Market

Question 11

Globalization has presented challenges including emergence of new,powerful competitors in many industries.

Accepted Answer

A) True 
 B)False

Question 12

The factor that distinguishes an internal environment of an organization from an external environment is that:

Accepted Answer

A)  the internal environment consists of the general environment and the task environment. 
B)  the internal environment includes owners,the board of directors,employees,and culture. 
C)  the internal environment includes entities that directly affect a firm on a continuous basis. 
D)  the internal environment consists of the technological,economic,and socio-cultural factors. 
A)  the internal environment consists of the general environment and the task environment. 
B)  the internal environment includes owners,the board of directors,employees,and culture. 
C)  the internal environment includes entities that directly affect a firm on a continuous basis. 
D)  the internal environment consists of the technological,economic,and socio-cultural factors.

Question 13

Which of the following countries was admitted to MERCOSUR in 2012 and is likely to increase the importance of fuel trade both within and outside the region?

Accepted Answer

A)  Venezuela 
B)  Argentina 
C)  Paraguay 
D)  Brazil 
A)  Venezuela 
B)  Argentina 
C)  Paraguay 
D)  Brazil

Question 14

Fuel and mining products are increasingly important components of MERCOSUR's export base.

Accepted Answer

A) True 
 B)False

Question 15

Identify the country that is represented by NAFTA.

Accepted Answer

A)  United Kingdom 
B)  Zimbabwe 
C)  Costa Rica 
D)  Mexico 
A)  United Kingdom 
B)  Zimbabwe 
C)  Costa Rica 
D)  Mexico

Question 16

Identify the trade agreement that created a single market by a system of laws that apply in all member states,guaranteeing the freedom of movement of people,goods,services,and capital.

Accepted Answer

A)  North American Free Trade Agreement 
B)  Economic Community of West African States 
C)  European Union 
D)  Central American Common Market 
A)  North American Free Trade Agreement 
B)  Economic Community of West African States 
C)  European Union 
D)  Central American Common Market

Question 17

Which of the following countries is one of the original members of ASEAN?

Accepted Answer

A)  Canada 
B)  Philippines 
C)  Guatemala 
D)  Nigeria 
A)  Canada 
B)  Philippines 
C)  Guatemala 
D)  Nigeria

Question 18

Culture belongs to the _____ environment of an organization.

Accepted Answer

A)  task 
B)  economic 
C)  internal 
D)  general 
A)  task 
B)  economic 
C)  internal 
D)  general

Question 19

The Uruguay Round is noteworthy because it created the successor to World Trade Organization.

Accepted Answer

A) True 
 B)False

Question 20

Define task environment and its dimensions.

Accepted Answer

The task environment includes entities t

Which of the following is the best example of Hofstede's long- versus short-term orientation dimension?

Outline the components of a firm's internal environment.

The factor that distinguishes owners from the board of directors is that:

Which of the following statements is true about the dimensions of internal environment?

Which of the following is a best example of Hofstede's small versus large power distance dimension?

The fourth largest regional trading group,MERCOSUR,comprises the countries of:

How do successful business leaders respond to the changing business environment?

Which of the following entities belongs to the general environment of an organization?

Which of the following trade agreements does Costa Rica belong to?

Globalization has presented challenges including emergence of new,powerful competitors in many industries.

The factor that distinguishes an internal environment of an organization from an external environment is that:

Which of the following countries was admitted to MERCOSUR in 2012 and is likely to increase the importance of fuel trade both within and outside the region?

Fuel and mining products are increasingly important components of MERCOSUR's export base.

Identify the country that is represented by NAFTA.

Identify the trade agreement that created a single market by a system of laws that apply in all member states,guaranteeing the freedom of movement of people,goods,services,and capital.

Which of the following countries is one of the original members of ASEAN?

Culture belongs to the _____ environment of an organization.

The Uruguay Round is noteworthy because it created the successor to World Trade Organization.

Define task environment and its dimensions.

Introduction to Management

Ethics and Corporate Social Responsibility

Introduction to Strategy

Business-Level Strategy

Corporate-Level Strategy

Organizational Design

Organizational Culture

Managing Human Capital

Performance Management

Organizational Change

Leadership in Organizations

Becoming a Leader: Knowing Yourself

Power and Influence

Decision Making

Conflict and Negotiation

Leading Teams

Motivation

Communication

Networking

Filters

Exam 2: The Global Business Environment

Which of the following is the best example of Hofstede's long- versus short-term orientation dimension?

Outline the components of a firm's internal environment.

The factor that distinguishes owners from the board of directors is that:

Which of the following statements is true about the dimensions of internal environment?

Which of the following is a best example of Hofstede's small versus large power distance dimension?

The fourth largest regional trading group,MERCOSUR,comprises the countries of:

How do successful business leaders respond to the changing business environment?

Which of the following entities belongs to the general environment of an organization?

Which of the following trade agreements does Costa Rica belong to?

Globalization has presented challenges including emergence of new,powerful competitors in many industries.

The factor that distinguishes an internal environment of an organization from an external environment is that:

Which of the following countries was admitted to MERCOSUR in 2012 and is likely to increase the importance of fuel trade both within and outside the region?

Fuel and mining products are increasingly important components of MERCOSUR's export base.

Identify the country that is represented by NAFTA.

Identify the trade agreement that created a single market by a system of laws that apply in all member states,guaranteeing the freedom of movement of people,goods,services,and capital.

Which of the following countries is one of the original members of ASEAN?

Culture belongs to the _____ environment of an organization.

The Uruguay Round is noteworthy because it created the successor to World Trade Organization.

Define task environment and its dimensions.

Introduction to Management

Ethics and Corporate Social Responsibility

Introduction to Strategy

Business-Level Strategy

Corporate-Level Strategy

Organizational Design

Organizational Culture

Managing Human Capital

Performance Management

Organizational Change

Leadership in Organizations

Becoming a Leader: Knowing Yourself

Power and Influence

Decision Making

Conflict and Negotiation

Leading Teams

Motivation

Communication

Networking

Filters