Exam 8: Global Management

Adaptability screening is used to assess how well managers and their families are likely to adjust to foreign cultures.

Which of the following trends has allowed companies to skip the phase model of globalization when going global?

For initial fee plus royalties, Inding Inc., a U.S.-based firm, will provide Caliste Works, a firm based in Singapore, with an exclusive right to conduct Inding's business in its country. This form of global business is an example of a _____.

One of the advantages of _____ is that the founding companies bear only part of the costs and the risks of that business.

Zinocorp Inc., a multinational retail corporation with its headquarters in Australia, wants to open shopping malls in China and Japan. The company wants the new malls to follow the same set of rules and regulations that the parent company follows. It is evident from the scenario that Zinocorp Inc. wants to:

Global new ventures are foreign offices, facilities, and manufacturing plants that are 100 percent owned by the parent company.

In the context of cross-cultural training, the practice of adapting to cultural differences is called:

Hutlot Corp., a clothing company in the country of Pretnola, bought a small clothing company named Midlews in the country of Limlouth. Hutlot is going to sell its own designs through Midlews, and it believes that this venture will be extremely successful. This scenario is an example of _____.

Worthen, an information technology firm based in the U.S., was created with the goal of standardizing its services in all the developing nations of the world. Rather than strategizing for one country at a time, Worthen's plan is to focus on all the nations at the same time. Worthen is an example of a _____.

Which of the following best defines a tariff?

In the context of cross-cultural training, _____ is a technique in which trainees are placed in an ethnic neighborhood for three to four hours to talk to residents about cultural differences.

According to the World Trade Organization (WTO), voluntary export restraints are legal and cannot be questioned.

The _____ is a worldwide trade agreement that reduced and eliminated tariffs, limited government subsidies, and established protections for intellectual property.

_____ are specific limits on the number or volume of imported products.

HungryFrank, a small eatery based in the U.S. was reporting losses and wanted to turn its business around. It decided to start using the same name and menu as JoeClub, a popular Italian restaurant, instead if its own. HungryFrank agreed to pay royalty fees to JoeClub to be able to use its menu and name. This form of agreement is an example of _____.

Upstart Corp. was formed when Bencanc Corp. and Torperd Corp. pooled their resources to work on a construction project for the government. The project had a short turnaround time along with intensive requirements that could not be fulfilled by one company alone. In this context, Upstart Corp. is a _____.

Limkwee, a Chinese company, is training its employees to work in Japan on a company project. It was learned that Japanese people cover their abdomen during rainstorms, which is not the case in China. In the context of cross-cultural training, when would the employees of the company have discovered this cultural difference?

Purchasing power is an agreement in which a foreign business owner pays a company a fee for the right to conduct that business in his or her country.

PriemCrest, an oral care company in the country of Holtmont, bought an oral care company called SerenCrest in the country of Hofstadden. This scenario is an example of _____.

Metzen Corp., a U.S.-based clothing company, plans to open a branch in Japan by sending its American employees there. Before doing so, the company educates its employees about Japan with the help of pictures, audiobooks, and video recordings to present real-world situations. In the context of preparing for an international assignment, when would this type of training be given to employees?