Question 1

An ethnocentric attitude ________.

Accepted Answer

A)  prompts managers to have a global view and look for the best approaches and people regardless of origin 
B)  is the belief that the home country has the best work approaches and practices 
C)  is the view that employees in the host country know the best work approaches and practices 
D)  gives a manager a much broader understanding of what it takes to manage in a global environment 
A)  prompts managers to have a global view and look for the best approaches and people regardless of origin 
B)  is the belief that the home country has the best work approaches and practices 
C)  is the view that employees in the host country know the best work approaches and practices 
D)  gives a manager a much broader understanding of what it takes to manage in a global environment

Question 2

Cypress Exports would like to establish retail outlets in Mongrovia, a quasi-democratic African country with a growing middle class. But the national and local officials all want "gratuities" to process the applications for permits. Cypress Exports should appeal to ________.

Accepted Answer

A)  the World Trade Organization 
B)  the International Monetary Fund 
C)  the African Union 
D)  the Organization for Economic Cooperation and Development 
A)  the World Trade Organization 
B)  the International Monetary Fund 
C)  the African Union 
D)  the Organization for Economic Cooperation and Development

Question 3

"Let's forget about tomorrow for tomorrow never comes." "Live for today." These expressions would be typical of a culture that is ________.

Accepted Answer

A)  high in assertiveness 
B)  low in humane orientation 
C)  high in performance orientation 
D)  low in future orientation 
A)  high in assertiveness 
B)  low in humane orientation 
C)  high in performance orientation 
D)  low in future orientation

Question 4

What is the purpose of the WTO? Give an example of the type of issue that might come before this organization.

Accepted Answer

The goal of the World Trade Organization

Question 5

One case currently before the WTO involves ________.

Accepted Answer

A)  the hyperinflation experienced by some small African nations that limits their ability to trade with developed countries 
B)  copyright infringement-the use of intellectual materials created in the United States by mass producers in Asia without payment of royalties to the creators 
C)  China's export limits of rare earth metals that are necessary for the production of high-tech devices 
D)  the sale of pirated software by terrorist organizations 
A)  the hyperinflation experienced by some small African nations that limits their ability to trade with developed countries 
B)  copyright infringement-the use of intellectual materials created in the United States by mass producers in Asia without payment of royalties to the creators 
C)  China's export limits of rare earth metals that are necessary for the production of high-tech devices 
D)  the sale of pirated software by terrorist organizations

Question 6

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

Accepted Answer

The World Bank Group is a group of five

Question 7

Bettina likes to know the end from the beginning. She gathers as much information as possible before making a decision. Bettina likely lives in a culture ________.

Accepted Answer

A)  with high power distance 
B)  with high uncertainty avoidance 
C)  with high future orientation 
D)  with high performance orientation 
A)  with high power distance 
B)  with high uncertainty avoidance 
C)  with high future orientation 
D)  with high performance orientation

Question 8

The United States, Canada, and Mexico are parties to the North American Free Trade Association.

Accepted Answer

A) True 
 B)False

Question 9

Melamark LLC has customers on four continents. It would like to increase its global presence as a supplier to its global customers. The most expensive option would be to ________.

Accepted Answer

A)  form a strategic alliance with an existing company in another country 
B)  directly invest in a production facility in another country 
C)  export from a single production plant 
D)  license producers in several countries 
A)  form a strategic alliance with an existing company in another country 
B)  directly invest in a production facility in another country 
C)  export from a single production plant 
D)  license producers in several countries

Question 10

The International Monetary Fund is an organization that ________.

Accepted Answer

A)  rules on disputes over tariffs and subsidies 
B)  helps countries conduct trade through a system of rules 
C)  provides technical advice to developing countries 
D)  promotes international monetary cooperation 
A)  rules on disputes over tariffs and subsidies 
B)  helps countries conduct trade through a system of rules 
C)  provides technical advice to developing countries 
D)  promotes international monetary cooperation

Question 11

Joint ventures are a type of ________.

Accepted Answer

A)  license 
B)  franchise 
C)  foreign subsidiary 
D)  strategic alliance 
A)  license 
B)  franchise 
C)  foreign subsidiary 
D)  strategic alliance

Question 12

Licensing is primarily used by service organizations and franchising is primarily used by manufacturing organizations.

Accepted Answer

A) True 
 B)False

Question 13

A global company reflects the ________.

Accepted Answer

A)  pancentric attitude 
B)  ethnocentric attitude 
C)  geocentric attitude 
D)  polycentric attitude 
A)  pancentric attitude 
B)  ethnocentric attitude 
C)  geocentric attitude 
D)  polycentric attitude

Question 14

The purpose of the World Trade Organization is to ________.

Accepted Answer

A)  facilitate trade among member nations through a system of rules 
B)  recommend legislation to lessen the advantages of more advanced nations relative to developing countries 
C)  manage foreign currency exchanges to alleviate the effects of inflation 
D)  enforce quotas and tariffs imposed by member nations 
A)  facilitate trade among member nations through a system of rules 
B)  recommend legislation to lessen the advantages of more advanced nations relative to developing countries 
C)  manage foreign currency exchanges to alleviate the effects of inflation 
D)  enforce quotas and tariffs imposed by member nations

Question 15

Managers with a polycentric attitude tend to view every foreign operation as different and hard to understand.

Accepted Answer

A) True 
 B)False

Question 16

A(n) ________ attitude is characterized by parochialism.

Accepted Answer

A)  geocentric 
B)  acculturated 
C)  multilinguistic 
D)  ethnocentric 
A)  geocentric 
B)  acculturated 
C)  multilinguistic 
D)  ethnocentric

Question 17

Describe the different approaches that a company may use when it decides to go international.

Accepted Answer

Managers who want to get into a global m

Question 18

If Marla's company changed its organizational structure from one based on country to one based on industry groups, it would best be considered a ________.

Accepted Answer

A)  borderless organization 
B)  foreign subsidiary 
C)  global company 
D)  multidomestic corporation 
A)  borderless organization 
B)  foreign subsidiary 
C)  global company 
D)  multidomestic corporation

Question 19

Multidomestic corporations reflect the ________.

Accepted Answer

A)  ethnocentric attitude 
B)  polycentric attitude 
C)  geocentric attitude 
D)  xenophobic attitude 
A)  ethnocentric attitude 
B)  polycentric attitude 
C)  geocentric attitude 
D)  xenophobic attitude

Question 20

Natalya operates a retail store in Romania. She buys consumer electronics from vendors in China and Japan to sell in her store. Natalya is engaging in ________,

Accepted Answer

A)  global sourcing 
B)  licensing 
C)  importing 
D)  franchising 
A)  global sourcing 
B)  licensing 
C)  importing 
D)  franchising

An ethnocentric attitude ________.

Cypress Exports would like to establish retail outlets in Mongrovia, a quasi-democratic African country with a growing middle class. But the national and local officials all want "gratuities" to process the applications for permits. Cypress Exports should appeal to ________.

"Let's forget about tomorrow for tomorrow never comes." "Live for today." These expressions would be typical of a culture that is ________.

What is the purpose of the WTO? Give an example of the type of issue that might come before this organization.

One case currently before the WTO involves ________.

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

Bettina likes to know the end from the beginning. She gathers as much information as possible before making a decision. Bettina likely lives in a culture ________.

The United States, Canada, and Mexico are parties to the North American Free Trade Association.

Melamark LLC has customers on four continents. It would like to increase its global presence as a supplier to its global customers. The most expensive option would be to ________.

The International Monetary Fund is an organization that ________.

Joint ventures are a type of ________.

Licensing is primarily used by service organizations and franchising is primarily used by manufacturing organizations.

A global company reflects the ________.

The purpose of the World Trade Organization is to ________.

Managers with a polycentric attitude tend to view every foreign operation as different and hard to understand.

A(n) ________ attitude is characterized by parochialism.

Describe the different approaches that a company may use when it decides to go international.

If Marla's company changed its organizational structure from one based on country to one based on industry groups, it would best be considered a ________.

Multidomestic corporations reflect the ________.

Natalya operates a retail store in Romania. She buys consumer electronics from vendors in China and Japan to sell in her store. Natalya is engaging in ________,

Managers and You in the Workplace

Making Decisions

Managing the External Environment and the Organizations Culture

Managing Diversity

Managing Social Responsibility and Ethics

Managing Change and Innovation

Planning Work Activities

Managing Strategy

Entrepreneurial Ventures

Designing Organizational Structure

Managing Human Resources

Creating and Managing Teams

Managing Communication

Understanding and Managing Individual Behavior

Motivating Employees

Being an Effective Leader

Monitoring and Controlling

Filters

Exam 4: Managing in a Global Environment

An ethnocentric attitude ________.

Cypress Exports would like to establish retail outlets in Mongrovia, a quasi-democratic African country with a growing middle class. But the national and local officials all want "gratuities" to process the applications for permits. Cypress Exports should appeal to ________.

"Let's forget about tomorrow for tomorrow never comes." "Live for today." These expressions would be typical of a culture that is ________.

What is the purpose of the WTO? Give an example of the type of issue that might come before this organization.

One case currently before the WTO involves ________.

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

Bettina likes to know the end from the beginning. She gathers as much information as possible before making a decision. Bettina likely lives in a culture ________.

The United States, Canada, and Mexico are parties to the North American Free Trade Association.

Melamark LLC has customers on four continents. It would like to increase its global presence as a supplier to its global customers. The most expensive option would be to ________.

The International Monetary Fund is an organization that ________.

Joint ventures are a type of ________.

Licensing is primarily used by service organizations and franchising is primarily used by manufacturing organizations.

A global company reflects the ________.

The purpose of the World Trade Organization is to ________.

Managers with a polycentric attitude tend to view every foreign operation as different and hard to understand.

A(n) ________ attitude is characterized by parochialism.

Describe the different approaches that a company may use when it decides to go international.

If Marla's company changed its organizational structure from one based on country to one based on industry groups, it would best be considered a ________.

Multidomestic corporations reflect the ________.

Natalya operates a retail store in Romania. She buys consumer electronics from vendors in China and Japan to sell in her store. Natalya is engaging in ________,

Managers and You in the Workplace

Making Decisions

Managing the External Environment and the Organizations Culture

Managing Diversity

Managing Social Responsibility and Ethics

Managing Change and Innovation

Planning Work Activities

Managing Strategy

Entrepreneurial Ventures

Designing Organizational Structure

Managing Human Resources

Creating and Managing Teams

Managing Communication

Understanding and Managing Individual Behavior

Motivating Employees

Being an Effective Leader

Monitoring and Controlling

Filters