Question 1

Companies that think __________ have a competitive edge.

Accepted Answer

A)  globally 
B)  regionally 
C)  nationally 
D)  strategically 
E)  "customers first" 
A)  globally 
B)  regionally 
C)  nationally 
D)  strategically 
E)  "customers first"

Question 2

Briefly explain the difference between high power distance and low power distance.

Accepted Answer

Power distance is the degree to which pe

Question 3

In countries where women are often in positions of high status, the Globe Project would describe that culture as high in __________.

Accepted Answer

A)  assertiveness 
B)  uncertainty avoidance 
C)  gender differentiation 
D)  societal collectivism 
E)  performance orientation 
A)  assertiveness 
B)  uncertainty avoidance 
C)  gender differentiation 
D)  societal collectivism 
E)  performance orientation

Question 4

Companies need to be cautious of ____________________ and ____________________ when going international because they differ from country to country.

Accepted Answer

The answer of Companies need to be cautious of ____________________...

Question 5

A company's political risk includes riots, revolutions, civil disorders, and frequent changes in government.

Accepted Answer

A) True 
 B)False

Question 6

__________ generally are located in Asia, Africa and South America.

Accepted Answer

A)  MNCs 
B)  EUs 
C)  LDCs 
D)  WTOs 
E)  MFNs 
A)  MNCs 
B)  EUs 
C)  LDCs 
D)  WTOs 
E)  MFNs

Question 7

__________ is a sociocultural factor in the international environment.

Accepted Answer

A)  Language 
B)  Exchange rates 
C)  Tariffs, taxes, and quotas 
D)  Per capita income 
E)  Infrastructure 
A)  Language 
B)  Exchange rates 
C)  Tariffs, taxes, and quotas 
D)  Per capita income 
E)  Infrastructure

Question 8

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

Accepted Answer

A)  Economic 
B)  Legal 
C)  Political 
D)  Sociocultural 
E)  Technological 
A)  Economic 
B)  Legal 
C)  Political 
D)  Sociocultural 
E)  Technological

Question 9

To enter foreign markets, most firms begin with which strategy?

Accepted Answer

A)  Exporting 
B)  Greenfield venture 
C)  Joint venture 
D)  Acquisition 
E)  Direct investment 
A)  Exporting 
B)  Greenfield venture 
C)  Joint venture 
D)  Acquisition 
E)  Direct investment

Question 10

All of the following were included in the negotiated agreements in key areas of NAFTA EXCEPT

Accepted Answer

A)  immediate removal of tariffs on half of U.S. farm exports to Mexico. 
B)  immediate 100 percent cut of Mexican tariffs on autos. 
C)  U.S. trucking of international cargo allowed in Mexico border area by mid-1990s. 
D)  patent protection for pharmaceuticals in Mexico. 
E)  All of these were included in the key areas of NAFTA agreement. 
A)  immediate removal of tariffs on half of U.S. farm exports to Mexico. 
B)  immediate 100 percent cut of Mexican tariffs on autos. 
C)  U.S. trucking of international cargo allowed in Mexico border area by mid-1990s. 
D)  patent protection for pharmaceuticals in Mexico. 
E)  All of these were included in the key areas of NAFTA agreement.

Question 11

CASE
Scenario - Tamara Headley
Tamara Headley was an MBA student in Detroit, Michigan, with a managerial position at the Ford Motor Company plant. She was invited to join a company that had entered into a joint venture with a German firm to manage a Volkswagen plant. Tamara would be under contract for one year, with an option to renew for a total of three years. Her salary would be 350% more than she was currently earning, and she would be given two all-expenses paid vacations each year. The money and the benefits sounded very nice, but Tamara wasn't sure what the best choice would be.
-The degree of international involvement for the joint venture is an example of

Accepted Answer

A)  outscoring. 
B)  exporting. 
C)  licensing. 
D)  direct investing. 
E)  greenfield venture. 
A)  outscoring. 
B)  exporting. 
C)  licensing. 
D)  direct investing. 
E)  greenfield venture.

Question 12

Countries that value high power distances normally have cities that are geographically separated and so have the need to transport electrical energy over large distances.

Accepted Answer

A) True 
 B)False

Question 13

To deal with the marketing of products in several countries individually, a company in the international stage often uses an international division.

Accepted Answer

A) True 
 B)False

Question 14

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. What type of strategy are you going to use?

Accepted Answer

A)  Wholly owned foreign affiliate 
B)  A greenfield venture agreement 
C)  A franchise 
D)  An export agreement 
E)  Barter trade 
A)  Wholly owned foreign affiliate 
B)  A greenfield venture agreement 
C)  A franchise 
D)  An export agreement 
E)  Barter trade

Question 15

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

Accepted Answer

The answer of ______________________________ means engaging in the international division...

Question 16

A term describing a GATT clause that calls for member countries to grant other member countries the most favorable treatment they accord any country concerning imports and exports is referred to as the

Accepted Answer

A)  preferred nation. 
B)  GATT favored country. 
C)  most favored nation. 
D)  Mutual GATT Courtesy. 
E)  Uruguay Round. 
A)  preferred nation. 
B)  GATT favored country. 
C)  most favored nation. 
D)  Mutual GATT Courtesy. 
E)  Uruguay Round.

Question 17

Large international firms typically are called multinational corporations.

Accepted Answer

A) True 
 B)False

Question 18

When doing business internationally, __________ aspects of management does not change?

Accepted Answer

A)  planning 
B)  organizing 
C)  controlling 
D)  leading 
E)  all of these 
A)  planning 
B)  organizing 
C)  controlling 
D)  leading 
E)  all of these

Question 19

Europe '92 is/was

Accepted Answer

A)  the Olympic Games. 
B)  the World's Fair. 
C)  a single market system. 
D)  global market system. 
E)  a system that never materialized. 
A)  the Olympic Games. 
B)  the World's Fair. 
C)  a single market system. 
D)  global market system. 
E)  a system that never materialized.

Question 20

Countertrade is the barter of products for products rather than the sale of products for currency.

Accepted Answer

A) True 
 B)False

Companies that think __________ have a competitive edge.

Briefly explain the difference between high power distance and low power distance.

In countries where women are often in positions of high status, the Globe Project would describe that culture as high in __________.

Companies need to be cautious of and when going international because they differ from country to country.

A company's political risk includes riots, revolutions, civil disorders, and frequent changes in government.

__________ generally are located in Asia, Africa and South America.

__________ is a sociocultural factor in the international environment.

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

To enter foreign markets, most firms begin with which strategy?

All of the following were included in the negotiated agreements in key areas of NAFTA EXCEPT

Countries that value high power distances normally have cities that are geographically separated and so have the need to transport electrical energy over large distances.

To deal with the marketing of products in several countries individually, a company in the international stage often uses an international division.

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. What type of strategy are you going to use?

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

A term describing a GATT clause that calls for member countries to grant other member countries the most favorable treatment they accord any country concerning imports and exports is referred to as the

Large international firms typically are called multinational corporations.

When doing business internationally, __________ aspects of management does not change?

Europe '92 is/was

Countertrade is the barter of products for products rather than the sale of products for currency.

Managing in Turbulent Times

The Evolution of Management Thinking

The Environment and Corporate Culture

Ethics and Social Responsibility

Managing Small Business Start-Ups

Managerial Planning and Goal Setting

Strategy Formulation and Implementation

Managerial Decision Making

Designing Adaptive Organizations

Managing Change and Innovation

Human Resource Management

Meeting the Challenge of Diversity

Dynamics of Behavior in Organizations

Leadership

Motivation

Communication

Teamwork

Managerial and Quality Control

Information Technology and E-Business

Operations and Value Chain Management

Filters

Exam 4: Managing in a Global Environment

Companies that think __________ have a competitive edge.

Briefly explain the difference between high power distance and low power distance.

In countries where women are often in positions of high status, the Globe Project would describe that culture as high in __________.

Companies need to be cautious of ____________________ and ____________________ when going international because they differ from country to country.

A company's political risk includes riots, revolutions, civil disorders, and frequent changes in government.

__________ generally are located in Asia, Africa and South America.

__________ is a sociocultural factor in the international environment.

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

To enter foreign markets, most firms begin with which strategy?

All of the following were included in the negotiated agreements in key areas of NAFTA EXCEPT

Countries that value high power distances normally have cities that are geographically separated and so have the need to transport electrical energy over large distances.

To deal with the marketing of products in several countries individually, a company in the international stage often uses an international division.

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. What type of strategy are you going to use?

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

A term describing a GATT clause that calls for member countries to grant other member countries the most favorable treatment they accord any country concerning imports and exports is referred to as the

Large international firms typically are called multinational corporations.

When doing business internationally, __________ aspects of management does not change?

Europe '92 is/was

Countertrade is the barter of products for products rather than the sale of products for currency.

Managing in Turbulent Times

The Evolution of Management Thinking

The Environment and Corporate Culture

Ethics and Social Responsibility

Managing Small Business Start-Ups

Managerial Planning and Goal Setting

Strategy Formulation and Implementation

Managerial Decision Making

Designing Adaptive Organizations

Managing Change and Innovation

Human Resource Management

Meeting the Challenge of Diversity

Dynamics of Behavior in Organizations

Leadership

Motivation

Communication

Teamwork

Managerial and Quality Control

Information Technology and E-Business

Operations and Value Chain Management

Filters

Companies need to be cautious of and when going international because they differ from country to country.