Question 1

Critics of the WTO claim that ________.

Accepted Answer

A)  global trade destroys jobs and the natural environment 
B)  it favors third-world countries over developed countries 
C)  shifting jobs to developing countries harms the economies of member nations 
D)  has too little power to be effective 
A)  global trade destroys jobs and the natural environment 
B)  it favors third-world countries over developed countries 
C)  shifting jobs to developing countries harms the economies of member nations 
D)  has too little power to be effective

Question 2

A domestic firm and a foreign firm sharing the cost of developing new products or building production facilities in a foreign country constitute a ________.

Accepted Answer

A)  franchising agreement 
B)  strategic alliance 
C)  foreign subsidiary 
D)  joint venture 
A)  franchising agreement 
B)  strategic alliance 
C)  foreign subsidiary 
D)  joint venture

Question 3

Multidomestic corporations ________.

Accepted Answer

A)  maintain operations in multiple countries, but do not allow managers in each country to make their own decisions 
B)  reflect ethnocentric attitudes 
C)  decentralize management and other decisions to the local country 
D)  attempt to replicate their domestic successes by managing foreign operations from the home country 
A)  maintain operations in multiple countries, but do not allow managers in each country to make their own decisions 
B)  reflect ethnocentric attitudes 
C)  decentralize management and other decisions to the local country 
D)  attempt to replicate their domestic successes by managing foreign operations from the home country

Question 4

"In this company, what you do matters a whole lot more than your last name." Bill's father, the company founder, expected Bill's supervisor to mentor the young man, to help him set goals, to train him and to develop his managerial skills with an emphasis on continuous improvement. Bill likely lives in a country with a ________.

Accepted Answer

A)  high in-group collectivism culture 
B)  high institutional collectivism culture 
C)  high performance orientation culture 
D)  high assertiveness culture 
A)  high in-group collectivism culture 
B)  high institutional collectivism culture 
C)  high performance orientation culture 
D)  high assertiveness culture

Question 5

Transnational organizations are also known as ________.

Accepted Answer

A)  ethnocentric organizations 
B)  polycentric organizations 
C)  borderless organizations 
D)  multidomestic organizations 
A)  ethnocentric organizations 
B)  polycentric organizations 
C)  borderless organizations 
D)  multidomestic organizations

Question 6

One of the more recent trade alliances, which came into existence in 2002, is the ________ made up of 54 nations.

Accepted Answer

A)  East African Community 
B)  African Union 
C)  South Asian Association for Regional Cooperation 
D)  Trans-Pacific Partnership 
A)  East African Community 
B)  African Union 
C)  South Asian Association for Regional Cooperation 
D)  Trans-Pacific Partnership

Question 7

Melanie would like to become a part of the global retail community. Which of the following options should Melanie consider as her first step?

Accepted Answer

A)  She should engage in global sourcing. 
B)  She should engage in licensing. 
C)  She should engage in franchising. 
D)  She should develop strategic alliances with foreign companies. 
A)  She should engage in global sourcing. 
B)  She should engage in licensing. 
C)  She should engage in franchising. 
D)  She should develop strategic alliances with foreign companies.

Question 8

What is the World Bank Group and what does it do?

Accepted Answer

The World Bank Group is a group of five

Question 9

The ________ was formed by twelve member countries with the primary motivation of reasserting the region's economic position against the United States and Japan.

Accepted Answer

A)  African Union 
B)  European Union 
C)  Central America Free Trade Agreement 
D)  Association of South-East Asian Nations 
A)  African Union 
B)  European Union 
C)  Central America Free Trade Agreement 
D)  Association of South-East Asian Nations

Question 10

In today's global environment, managers must have a(n) ________ attitude to be successful.

Accepted Answer

A)  ethnocentric 
B)  parochial 
C)  polycentric 
D)  geocentric 
A)  ethnocentric 
B)  parochial 
C)  polycentric 
D)  geocentric

Question 11

The World Trade Organization evolved from which of the following?

Accepted Answer

A)  Mercosur 
B)  General Agreement on Tariffs and Trade 
C)  Truman Doctrine 
D)  Marshall Plan 
A)  Mercosur 
B)  General Agreement on Tariffs and Trade 
C)  Truman Doctrine 
D)  Marshall Plan

Question 12

The ________ decentralizes its management and other decisions to the local country.

Accepted Answer

A)  multidomestic corporation 
B)  global company 
C)  transnational organization 
D)  borderless organization 
A)  multidomestic corporation 
B)  global company 
C)  transnational organization 
D)  borderless organization

Question 13

List and discuss the three attitudes managers might have toward international business.

Accepted Answer

a. Ethnocentric attitude - This is the p

Question 14

Jack moved to China to manage his company's production facility there. Immediately he instituted the company practice of recognizing an employee of the month. The Chinese employees were horrified. Why might this be so?

Accepted Answer

A)  The employees are acting on their national cultural behavior patterns. 
B)  Each employee took the competition seriously and wanted to win the recognition. 
C)  None of them wanted to lose face by not being recognized. 
D)  The company culture was stronger than their national culture. 
A)  The employees are acting on their national cultural behavior patterns. 
B)  Each employee took the competition seriously and wanted to win the recognition. 
C)  None of them wanted to lose face by not being recognized. 
D)  The company culture was stronger than their national culture.

Question 15

What is the International Monetary Fund? What does it do?

Accepted Answer

The IMF is an organization of 188 countr

Question 16

A(n) ________ attitude is the view that employees in the host country know the best practices for running their operations.

Accepted Answer

A)  ethnocentric 
B)  polycentric 
C)  geocentric 
D)  regiocentric 
A)  ethnocentric 
B)  polycentric 
C)  geocentric 
D)  regiocentric

Question 17

The United States is an example of a country with low power distance.

Accepted Answer

A) True 
 B)False

Question 18

The World Trade Organization ________.

Accepted Answer

A)  advises developing countries on issues of trade barriers 
B)  promotes long-term economic development and poverty reduction 
C)  exists to help countries conduct trade through a system of rules 
D)  facilitates trade among third-world countries and developed nations 
A)  advises developing countries on issues of trade barriers 
B)  promotes long-term economic development and poverty reduction 
C)  exists to help countries conduct trade through a system of rules 
D)  facilitates trade among third-world countries and developed nations

Question 19

Mexico is an example of a collectivistic nation.

Accepted Answer

A) True 
 B)False

Question 20

An ethnocentric attitude stems from ________.

Accepted Answer

A)  nationalism 
B)  parochialism 
C)  polycentrism 
D)  geocentrism 
A)  nationalism 
B)  parochialism 
C)  polycentrism 
D)  geocentrism

Critics of the WTO claim that ________.

A domestic firm and a foreign firm sharing the cost of developing new products or building production facilities in a foreign country constitute a ________.

Multidomestic corporations ________.

Transnational organizations are also known as ________.

One of the more recent trade alliances, which came into existence in 2002, is the ________ made up of 54 nations.

Melanie would like to become a part of the global retail community. Which of the following options should Melanie consider as her first step?

What is the World Bank Group and what does it do?

The ________ was formed by twelve member countries with the primary motivation of reasserting the region's economic position against the United States and Japan.

In today's global environment, managers must have a(n) ________ attitude to be successful.

The World Trade Organization evolved from which of the following?

The ________ decentralizes its management and other decisions to the local country.

List and discuss the three attitudes managers might have toward international business.

Jack moved to China to manage his company's production facility there. Immediately he instituted the company practice of recognizing an employee of the month. The Chinese employees were horrified. Why might this be so?

What is the International Monetary Fund? What does it do?

A(n) ________ attitude is the view that employees in the host country know the best practices for running their operations.

The United States is an example of a country with low power distance.

The World Trade Organization ________.

Mexico is an example of a collectivistic nation.

An ethnocentric attitude stems from ________.

Managers and You in the Workplace

Decision Making

Valuing a Diverse Workforce

Socially Conscious Management

Managing Change

Constraints Onmanagers

Planning and Goal-Setting

Strategic Planning

Fostering Entrepreneurship

Organization Design

Organizing Around Teams

Human Resourcemanagement

Interpersonal and Organizational Communication

Organizational Behavior

Leadership

Motivating Employees

Controlling Activities and Operations

Filters

Exam 3: Globalmanagement

Critics of the WTO claim that ________.

A domestic firm and a foreign firm sharing the cost of developing new products or building production facilities in a foreign country constitute a ________.

Multidomestic corporations ________.

Transnational organizations are also known as ________.

One of the more recent trade alliances, which came into existence in 2002, is the ________ made up of 54 nations.

Melanie would like to become a part of the global retail community. Which of the following options should Melanie consider as her first step?

What is the World Bank Group and what does it do?

The ________ was formed by twelve member countries with the primary motivation of reasserting the region's economic position against the United States and Japan.

In today's global environment, managers must have a(n) ________ attitude to be successful.

The World Trade Organization evolved from which of the following?

The ________ decentralizes its management and other decisions to the local country.

List and discuss the three attitudes managers might have toward international business.

Jack moved to China to manage his company's production facility there. Immediately he instituted the company practice of recognizing an employee of the month. The Chinese employees were horrified. Why might this be so?

What is the International Monetary Fund? What does it do?

A(n) ________ attitude is the view that employees in the host country know the best practices for running their operations.

The United States is an example of a country with low power distance.

The World Trade Organization ________.

Mexico is an example of a collectivistic nation.

An ethnocentric attitude stems from ________.

Managers and You in the Workplace

Decision Making

Valuing a Diverse Workforce

Socially Conscious Management

Managing Change

Constraints Onmanagers

Planning and Goal-Setting

Strategic Planning

Fostering Entrepreneurship

Organization Design

Organizing Around Teams

Human Resourcemanagement

Interpersonal and Organizational Communication

Organizational Behavior

Leadership

Motivating Employees

Controlling Activities and Operations

Filters