Exam 8: Global Management

_____ are defined as nontax methods of increasing the cost or reducing the volume of imported goods.

The North American Free Trade Agreement (NAFTA) is a regional trade agreement between the United States, Canada, and Mexico.

Unlike a licensing arrangement, the parent company of a wholly owned business:

Leodan, a glass manufacturing firm based in the U.S., has sole control over several glass manufacturing facilities located all over the world. The company assumes the entire risk if any of the facilities undergoes losses, and it enjoys all the profits if the facilities do well. Which of the following methods has Leodan used to conduct business globally in this scenario?

Jimland's government has severe restrictions toward the entry of foreign companies into the country. A foreign company interested in Jimland would have to purchase an existing company in order to conduct its business there. Hence, companies can only enter Jimland through a _____.

Opep Corp. received a new building project that had very short turnover and very high resource cost. The company decided to ask Imog Corp., another builder, to aid them in this project, and the two companies together formed a third company by combining their resources. This third company was formed for the duration of the project and received equal credit after completion. In this scenario, Opep Corp. and Imog Corp. are forming a _____.

In the context of cross-cultural training, unlike cultural simulations, documentary training:

Which of the following is an example of the process of exporting?

The government of Gimzia recently passed a law making it mandatory for any foreign company that wants to do business in Gimzia to reinvest 70% of the revenue it is earning back into the country. As a result, many foreign companies are planning to shut down their ventures in the country. This is a type of _____ faced by companies that want to conduct business in Gimzia.

American employees of Ujima Corp. learned that they should avoid using their left hand when giving a gift or handing out money when they were in India for their business assignment. In the context of cross-cultural training, when would the employees of the company have discovered this cultural difference?

In the context of nontariff barriers, _____ include government loans, grants, and tax deferments given to domestic companies to protect them from foreign competition.

BlazeTrack Cars is a U.S.-based automaker. It is planning to introduce a new premium car in Ireland, Norway, Sweden, and Switzerland. The company is not sure if its car will be successful in these diverse markets, and it is concerned about its growth. It can afford to launch the product in only three countries. To choose these three countries, which of the following parameters should the company most likely consider to determine the growth potential of these foreign markets?

Unlike political uncertainty, policy uncertainty:

Unlike joint ventures, wholly owned affiliates are:

_____ is the extent to which people in a country accept that authority is distributed unequally in society and organizations.

Lakeri Inc. is expanding its global operations into South Fordland in spite of the allegations made against its prominent leaders to have had criminal connections. As Lakeri Inc. expands into South Fordland, it must deal with _____.

John was born in America. He relocated to China when his company opened a branch there. In this scenario, John is a(n) _____.

The criteria for choosing an office location are very similar to the criteria for entering a foreign market.

MiIgno Inc. is a U.S.-based pharmaceutical company. It wants to open a branch in Japan. In the process of learning the cultural differences between the countries, the managers of the company discovered that, unlike Americans, Japanese employees prefer a more structured management and prefer following a routine work schedule. In the context of cross-cultural training, when would the managers of Milgno have discovered this cultural difference?

Riytiz Corp. and Tenkriz Corp. are two industrial developers. They plan to combine their funds, finances, risks, and expertise to build the Opobip Bridge. This bridge is said to connect two states that are not connected by a highway. In this scenario, the venture between Riytiz Corp. and Tenkriz Corp. would be called a _____.