Question 1

The World Trade Organization

Accepted Answer

A)  imposes tariffs on countries with a history of human rights violations. 
B)  liberalizes trade among many nations throughout the world. 
C)  lowers trade barriers and tariffs for developing countries. 
D)  increases trade barriers and tariffs for industrialized countries. 
A)  imposes tariffs on countries with a history of human rights violations. 
B)  liberalizes trade among many nations throughout the world. 
C)  lowers trade barriers and tariffs for developing countries. 
D)  increases trade barriers and tariffs for industrialized countries.

Question 2

A successful player in the global marketplace has deep roots in local markets.

Accepted Answer

A) True 
 B)False

Question 3

A major goal of diversity training is to bring about workplace harmony.

Accepted Answer

A) True 
 B)False

Question 4

An advantage noted about globalization is that with research and development being done overseas products can be developed 24 hours per day, with workers from different time zones passing off work to each other.

Accepted Answer

A) True 
 B)False

Question 5

David Smith was sent Moscow to develop a working relationship with a large Russian firm. When he met the company's Russian branch director, he gave his best smile, handshake and friendly joke…only to be met with a dreary and unhappy look." Later, Smith learned that Russian culture fosters smiling in private settings and seriousness in business settings.
1. David Smith was sent Moscow to develop a working relationship with a large Russian firm. When he met the company's Russian branch director, he gave his best smile, handshake and friendly joke…only to be met with a dreary and unhappy look." Later, Smith learned that Russian culture fosters smiling in private settings and seriousness in business settings.
1. What does this example show about doing business in a different culture?
2. What do you advise Mr. Smith to do?

Accepted Answer

To be successful in global business it i

Question 6

A major effect of a weak currency is that companies based in the country with the weak currency

Accepted Answer

A)  can export more readily. 
B)  find it more difficult to export. 
C)  are forced to increase their wages. 
D)  are forced to decrease their wages. 
A)  can export more readily. 
B)  find it more difficult to export. 
C)  are forced to increase their wages. 
D)  are forced to decrease their wages.

Question 7

A country's balance of trade is

Accepted Answer

A)  the trade deficit.. 
B)  a trade surplus. 
C)  the difference between exports and imports in both goods and services. 
D)  the lowering of the value of currency 
A)  the trade deficit.. 
B)  a trade surplus. 
C)  the difference between exports and imports in both goods and services. 
D)  the lowering of the value of currency

Question 8

As the U. S. dollar strengthens in comparison to other currencies, it becomes more expensive for other countries to purchase American goods and services.

Accepted Answer

A) True 
 B)False

Question 9

A success factor for businesses in the global marketplace is to

Accepted Answer

A)  think globally, act locally. 
B)  diversify into quite different product markets. 
C)  staff most key positions with people from your own country. 
D)  conduct almost all business in English. 
A)  think globally, act locally. 
B)  diversify into quite different product markets. 
C)  staff most key positions with people from your own country. 
D)  conduct almost all business in English.

Question 10

The trade deficit can be attributed to

Accepted Answer

A)  the preference for Americans to purchase lower-priced goods 
B)  increase in the price of imported petroleum products.. 
C)  the preference to take vacations in foreign countries. 
D)  all of the choices 
A)  the preference for Americans to purchase lower-priced goods 
B)  increase in the price of imported petroleum products.. 
C)  the preference to take vacations in foreign countries. 
D)  all of the choices

Question 11

Direct foreign investment is the most advanced form of multinational business activity.

Accepted Answer

A) True 
 B)False

Question 12

Critics of NAFTA point out that the agreement does not maintain labor or environmental standards

Accepted Answer

A) True 
 B)False

Question 13

Billy is a supervisor from Billings, Montana (United States). You can tell that Billy is ethnocentric when he

Accepted Answer

A)  worries about the U. S. trade deficit. 
B)  decorates his cubicle with photos of cowboys, cowgirls, and their horses. 
C)  claims that the "real good people are only from Montana." 
D)  deliberately hires people who will make his group more diverse. 
A)  worries about the U. S. trade deficit. 
B)  decorates his cubicle with photos of cowboys, cowgirls, and their horses. 
C)  claims that the "real good people are only from Montana." 
D)  deliberately hires people who will make his group more diverse.

Question 14

The European Union is an alliance of Great Britain, France, and Italy to help penetrate new markets in North America and the Pacific Rim.

Accepted Answer

A) True 
 B)False

Question 15

A key feature of a transnational corporation is that it operates worldwide with one national headquarters.

Accepted Answer

A) True 
 B)False

Question 16

Before diversity can offer that competitive advantage it must be woven into the fabric of the organization.

Accepted Answer

A) True 
 B)False

Question 17

What is the case against global outsourcing?

Accepted Answer

Many Americans believe that offshoring i

Question 18

Which one of the following is the least likely to be an advantage of cultural diversity to the organization?

Accepted Answer

A)  The company gains a marketing advantage, including increased sales and profits. 
B)  The company is able to recruit a wider range of talented people. 
C)  The company does not have to deal with different perspectives, thereby slowing down problem solving. 
D)  The company advertising reduces the number of cultural bloopers and hidden biases. 
A)  The company gains a marketing advantage, including increased sales and profits. 
B)  The company is able to recruit a wider range of talented people. 
C)  The company does not have to deal with different perspectives, thereby slowing down problem solving. 
D)  The company advertising reduces the number of cultural bloopers and hidden biases.

Question 19

You have good global leadership skills when you can

Accepted Answer

A)  go on an overseas business trip without developing culture shock. 
B)  effectively lead people from other cultures. 
C)  get diverse members of your group to work well together. 
D)  speak two or more languages fluently. 
A)  go on an overseas business trip without developing culture shock. 
B)  effectively lead people from other cultures. 
C)  get diverse members of your group to work well together. 
D)  speak two or more languages fluently.

Question 20

A concern many labor union officials have about NAFTA is that it has created

Accepted Answer

A)  wealthy Canadian and Mexican workers at the expense of U.S. workers. 
B)  a job loss for American workers. 
C)  widespread violations of child labor laws. 
D)  limited trade between Mexico and the United States. 
A)  wealthy Canadian and Mexican workers at the expense of U.S. workers. 
B)  a job loss for American workers. 
C)  widespread violations of child labor laws. 
D)  limited trade between Mexico and the United States.

The World Trade Organization

A successful player in the global marketplace has deep roots in local markets.

A major goal of diversity training is to bring about workplace harmony.

An advantage noted about globalization is that with research and development being done overseas products can be developed 24 hours per day, with workers from different time zones passing off work to each other.

A major effect of a weak currency is that companies based in the country with the weak currency

A country's balance of trade is

As the U. S. dollar strengthens in comparison to other currencies, it becomes more expensive for other countries to purchase American goods and services.

A success factor for businesses in the global marketplace is to

The trade deficit can be attributed to

Direct foreign investment is the most advanced form of multinational business activity.

Critics of NAFTA point out that the agreement does not maintain labor or environmental standards

Billy is a supervisor from Billings, Montana (United States). You can tell that Billy is ethnocentric when he

The European Union is an alliance of Great Britain, France, and Italy to help penetrate new markets in North America and the Pacific Rim.

A key feature of a transnational corporation is that it operates worldwide with one national headquarters.

Before diversity can offer that competitive advantage it must be woven into the fabric of the organization.

What is the case against global outsourcing?

Which one of the following is the least likely to be an advantage of cultural diversity to the organization?

You have good global leadership skills when you can

A concern many labor union officials have about NAFTA is that it has created

The Managers Job

Ethics and Social Responsibility

Essentials of Planning

Problem Solving and Decision Making

Quantitative Techniques for Planning and Decision Making

Job Design and Work Schedules

Organization Structure, Culture, and Change

Staffing and Human Resource Management

Leadership

Motivation

Communication

Teams, Groups, and Teamwork

Information Technology and E-Commerce

Essentials of Control

Managing Ineffective Performers

Enhancing Personal Productivity and Managing Stress

Filters

Exam 2: International Management and Cultural Diversity

The World Trade Organization

A successful player in the global marketplace has deep roots in local markets.

A major goal of diversity training is to bring about workplace harmony.

An advantage noted about globalization is that with research and development being done overseas products can be developed 24 hours per day, with workers from different time zones passing off work to each other.

A major effect of a weak currency is that companies based in the country with the weak currency

A country's balance of trade is

As the U. S. dollar strengthens in comparison to other currencies, it becomes more expensive for other countries to purchase American goods and services.

A success factor for businesses in the global marketplace is to

The trade deficit can be attributed to

Direct foreign investment is the most advanced form of multinational business activity.

Critics of NAFTA point out that the agreement does not maintain labor or environmental standards

Billy is a supervisor from Billings, Montana (United States). You can tell that Billy is ethnocentric when he

The European Union is an alliance of Great Britain, France, and Italy to help penetrate new markets in North America and the Pacific Rim.

A key feature of a transnational corporation is that it operates worldwide with one national headquarters.

Before diversity can offer that competitive advantage it must be woven into the fabric of the organization.

What is the case against global outsourcing?

Which one of the following is the least likely to be an advantage of cultural diversity to the organization?

You have good global leadership skills when you can

A concern many labor union officials have about NAFTA is that it has created

The Managers Job

Ethics and Social Responsibility

Essentials of Planning

Problem Solving and Decision Making

Quantitative Techniques for Planning and Decision Making

Job Design and Work Schedules

Organization Structure, Culture, and Change

Staffing and Human Resource Management

Leadership

Motivation

Communication

Teams, Groups, and Teamwork

Information Technology and E-Commerce

Essentials of Control

Managing Ineffective Performers

Enhancing Personal Productivity and Managing Stress

Filters