Question 1

Which of the following definitions best describes a transnational corporation?

Accepted Answer

A) a company that maintains significant operations in at least two countries 
B) a company that maintains significant operations in at least two countries but is managed from a base in the home country 
C) a company that maintains significant operations in at least two countries and has multiple home bases 
D) a company that maintains significant operations in at least two countries but decentralizes management to each country 
E) a company that maintains significant operations in at least two countries but organizes by industry to reduce geographical barriers 
A) a company that maintains significant operations in at least two countries 
B) a company that maintains significant operations in at least two countries but is managed from a base in the home country 
C) a company that maintains significant operations in at least two countries and has multiple home bases 
D) a company that maintains significant operations in at least two countries but decentralizes management to each country 
E) a company that maintains significant operations in at least two countries but organizes by industry to reduce geographical barriers

Question 2

To help explain the main advantages of regional trade alliances,you will point out that EU member countries now have ________.

Accepted Answer

A) government subsidies 
B) nationalistic policies 
C) protected industries 
D) a single market 
E) border controls 
A) government subsidies 
B) nationalistic policies 
C) protected industries 
D) a single market 
E) border controls

Question 3

A country with a high uncertainty avoidance ________.

Accepted Answer

A) is highly structured and depends on rules and social institutions to cope with uncertainty 
B) is highly structured and does not depend on rules and social institutions to cope with uncertainty 
C) has no rules 
D) has no structure or social institutions 
A) is highly structured and depends on rules and social institutions to cope with uncertainty 
B) is highly structured and does not depend on rules and social institutions to cope with uncertainty 
C) has no rules 
D) has no structure or social institutions

Question 4

Name and briefly describe the different features of the three main generations listed in Exhibit 2.2.

Accepted Answer

Baby Boomers (born 1946-1964)are competi

Question 5

For an amusement theme park like Paramount Canada's Wonderland in Toronto,an insurance provider would be an example of which factor in its specific environment?

Accepted Answer

A) competitor 
B) customer 
C) pressure group 
D) government agency 
E) supplier 
A) competitor 
B) customer 
C) pressure group 
D) government agency 
E) supplier

Question 6

To a cable television provider like Shaw Cablesystems,a satellite TV company like Bell would be considered a ________.

Accepted Answer

A) customer 
B) supplier 
C) pressure group 
D) competitor 
E) regulator 
A) customer 
B) supplier 
C) pressure group 
D) competitor 
E) regulator

Question 7

For an organization such as a hospital that needs nurses,the labour union and the local labour market are examples of which factors in its specific environment?

Accepted Answer

A) pressure group and supplier 
B) customer and special-interest group 
C) both are examples of suppliers 
D) government agency and competitor 
E) pressure group and competitor 
A) pressure group and supplier 
B) customer and special-interest group 
C) both are examples of suppliers 
D) government agency and competitor 
E) pressure group and competitor

Question 8

Which approach to going global involves making products at home and selling them overseas?

Accepted Answer

A) importing 
B) foreign contracting 
C) licensing 
D) exporting 
E) franchising 
A) importing 
B) foreign contracting 
C) licensing 
D) exporting 
E) franchising

Question 9

The enhanced speed and quality of managerial decision making due to improvements in office automation is an example of the impact of which general environmental factor?

Accepted Answer

A) global 
B) sociocultural 
C) political 
D) technological 
E) demographic 
A) global 
B) sociocultural 
C) political 
D) technological 
E) demographic

Question 10

Refer to the Scenario below to answer the questions that follow.
Managing Stakeholder Relationships (Scenario)
Daniel Guzman has been hired by Flair Fashion Corporation,a manufacturer of precious metal jewelry.Flair Fashion has been having problems with some of its major stakeholders.These include poor quality materials from its suppliers and complaints from its customers.Daniel has been hired to help resolve the current issues and to develop a plan for managing other stakeholder problems in the future.
-Daniel begins by defining stakeholders as ________.

Accepted Answer

A) the constituencies in the external environment that are employed by the organization 
B) the constituencies in the external environment that own shares in the organization 
C) the constituencies in the external environment that compete with the organization 
D) the constituencies in the external environment that regulate the industry 
E) any constituencies in the external environment that are affected by the organization's decisions and actions 
A) the constituencies in the external environment that are employed by the organization 
B) the constituencies in the external environment that own shares in the organization 
C) the constituencies in the external environment that compete with the organization 
D) the constituencies in the external environment that regulate the industry 
E) any constituencies in the external environment that are affected by the organization's decisions and actions

Question 11

Refer to the Scenario below to answer the questions that follow.
The European Expansion (Scenario)
As a manager at a growing Canadian company,Samantha has been asked to develop a strategy to expand the company's operations into the European market.Although the company president has provided some basic guidelines about acceptable levels of risk and investment,there are still many factors in the legal/political,economic,and cultural environments that Samantha must take into consideration in her proposal.
-Samantha begins to explore expansion opportunities in England and France because of language similarities with the Canadian market,and also because her Canadian managers are used to legal and political systems that are ________.

Accepted Answer

A) stable 
B) fixed 
C) command-based 
D) flexible 
E) dynamic 
A) stable 
B) fixed 
C) command-based 
D) flexible 
E) dynamic

Question 12

The part of the environment that is directly relevant to achievement of an organization's goals is the specific environment.

Accepted Answer

A) True 
 B)False

Question 13

Multinational corporations became commonplace in the mid-1960s.

Accepted Answer

A) True 
 B)False

Question 14

________ is a cultural dimension measured by Hofstede in which people identify strongly with a group within a society.

Accepted Answer

A) Power distance 
B) Collectivism 
C) Individualism 
D) Uncertainty avoidance 
A) Power distance 
B) Collectivism 
C) Individualism 
D) Uncertainty avoidance

Question 15

A downturn in contributions from the public to the United Way charity is an example of the impact from what factor in the charity's general environment?

Accepted Answer

A) political 
B) sociocultural 
C) technological 
D) economic 
E) global 
A) political 
B) sociocultural 
C) technological 
D) economic 
E) global

Question 16

The specific environment of organizations consists of external forces that have a direct impact on managers' decisions and actions.The main forces are customers,suppliers,competitors,and ________.

Accepted Answer

A) legislators 
B) pressure groups 
C) employees 
D) lawyers 
E) shareholders 
A) legislators 
B) pressure groups 
C) employees 
D) lawyers 
E) shareholders

Question 17

Of the approaches to pursuing international markets,developing a ________ involves the greatest commitment and risk.

Accepted Answer

A) franchise 
B) joint venture 
C) strategic alliance 
D) foreign subsidiary 
A) franchise 
B) joint venture 
C) strategic alliance 
D) foreign subsidiary

Question 18

Jennifer and James decide to allow a company in Hong Kong to use the rights to their software,brand name,and product specifications in return for a lump-sum payment.This agreement is known as a(n)________.

Accepted Answer

A) strategic alliance / joint venture 
B) export alliance 
C) franchise 
D) foreign subsidiary 
A) strategic alliance / joint venture 
B) export alliance 
C) franchise 
D) foreign subsidiary

Question 19

Which choice constitutes the typical first step for an organization that is "going global"?

Accepted Answer

A) outsourcing 
B) franchising 
C) licensing 
D) strategic alliance 
A) outsourcing 
B) franchising 
C) licensing 
D) strategic alliance

Question 20

Name and briefly describe six major regional trading alliances.

Accepted Answer

• The European Union (EU): Created in 19

Which of the following definitions best describes a transnational corporation?

To help explain the main advantages of regional trade alliances,you will point out that EU member countries now have ________.

A country with a high uncertainty avoidance ________.

Name and briefly describe the different features of the three main generations listed in Exhibit 2.2.

For an amusement theme park like Paramount Canada's Wonderland in Toronto,an insurance provider would be an example of which factor in its specific environment?

To a cable television provider like Shaw Cablesystems,a satellite TV company like Bell would be considered a ________.

For an organization such as a hospital that needs nurses,the labour union and the local labour market are examples of which factors in its specific environment?

Which approach to going global involves making products at home and selling them overseas?

The enhanced speed and quality of managerial decision making due to improvements in office automation is an example of the impact of which general environmental factor?

The part of the environment that is directly relevant to achievement of an organization's goals is the specific environment.

Multinational corporations became commonplace in the mid-1960s.

________ is a cultural dimension measured by Hofstede in which people identify strongly with a group within a society.

A downturn in contributions from the public to the United Way charity is an example of the impact from what factor in the charity's general environment?

The specific environment of organizations consists of external forces that have a direct impact on managers' decisions and actions.The main forces are customers,suppliers,competitors,and ________.

Of the approaches to pursuing international markets,developing a ________ involves the greatest commitment and risk.

Jennifer and James decide to allow a company in Hong Kong to use the rights to their software,brand name,and product specifications in return for a lump-sum payment.This agreement is known as a(n)________.

Which choice constitutes the typical first step for an organization that is "going global"?

Name and briefly describe six major regional trading alliances.

Managers and Management

Planning and Strategic Management

Decision Making

Organizational Structure and Design

Operations Management

Human Resource Management

Leadership

Motivating Employees

Understanding Groups and Teams

Foundations of Control

Managing Innovation and Change

Filters

Exam 2: Environmental Contraints on Managers

Which of the following definitions best describes a transnational corporation?

To help explain the main advantages of regional trade alliances,you will point out that EU member countries now have ________.

A country with a high uncertainty avoidance ________.

Name and briefly describe the different features of the three main generations listed in Exhibit 2.2.

For an amusement theme park like Paramount Canada's Wonderland in Toronto,an insurance provider would be an example of which factor in its specific environment?

To a cable television provider like Shaw Cablesystems,a satellite TV company like Bell would be considered a ________.

For an organization such as a hospital that needs nurses,the labour union and the local labour market are examples of which factors in its specific environment?

Which approach to going global involves making products at home and selling them overseas?

The enhanced speed and quality of managerial decision making due to improvements in office automation is an example of the impact of which general environmental factor?

The part of the environment that is directly relevant to achievement of an organization's goals is the specific environment.

Multinational corporations became commonplace in the mid-1960s.

________ is a cultural dimension measured by Hofstede in which people identify strongly with a group within a society.

A downturn in contributions from the public to the United Way charity is an example of the impact from what factor in the charity's general environment?

The specific environment of organizations consists of external forces that have a direct impact on managers' decisions and actions.The main forces are customers,suppliers,competitors,and ________.

Of the approaches to pursuing international markets,developing a ________ involves the greatest commitment and risk.

Jennifer and James decide to allow a company in Hong Kong to use the rights to their software,brand name,and product specifications in return for a lump-sum payment.This agreement is known as a(n)________.

Which choice constitutes the typical first step for an organization that is "going global"?

Name and briefly describe six major regional trading alliances.

Managers and Management

Planning and Strategic Management

Decision Making

Organizational Structure and Design

Operations Management

Human Resource Management

Leadership

Motivating Employees

Understanding Groups and Teams

Foundations of Control

Managing Innovation and Change

Filters