Question 1

Briefly explain the difference between high power distance and low power distance.

Accepted Answer

The answer of Briefly explain the difference between high power...

Question 2

Which of the following statements regarding the three strategies for entering business internationally is true?

Accepted Answer

A)  Global outsourcing has a higher cost to enter foreign operations than does partnerships. 
B)  Exporting has more risk involved than does global outsourcing and partnerships. 
C)  Global outsourcing has the lowest level of ownership of foreign operations. 
D)  Partnerships have the highest level of ownership of foreign operations. 
E)  Partnerships have the lowest cost to enter foreign operations.

Question 3

A country that places emphasis on fairness and values kindness would be described by the GLOBE Project as high in:

Accepted Answer

A)  assertiveness. 
B)  uncertainty avoidance. 
C)  gender differentiation. 
D)  humane orientation. 
E)  collectivism.

Question 4

__________ is the management of business operations conducted in more than one country.

Accepted Answer

The answer of __________ is the management of business operations...

Question 5

The __________ is a single European currency that replaced the currencies of 19 European Union (EU) member nations.

Accepted Answer

A)  mark 
B)  franc 
C)  MFN 
D)  euro 
E)  pound

Question 6

In the business world, large international firms that typically receive at least 25 percent of sales revenues from outside the parent country are called multinational corporations (MNCs). Write a short essay that describes major characteristics of the multinational corporation and explains the basics of the bottom of the pyramid (BOP) concept. Then give three examples of multinational corporations that are bringing goods and services to the world's poorest citizens. In your opinion, are each of these companies benefitting these citizens or taking advantage of them?

Accepted Answer

The answer of In the business world, large international firms...

Question 7

The North American Free Trade Agreement (NAFTA):

Accepted Answer

A)  merged the United States, Canada, and Mexico into a single market. 
B)  made virtually all U.S. exports into Canada and Mexico duty-free. 
C)  increased U.S. trade with both Mexico and Canada. 
D)  has not lived up to its grand expectations. 
E)  all of these.

Question 8

Austria's cultural preference is for achievement, heroism, assertiveness, work centrality, and material success. This would be considered:

Accepted Answer

A)  power distance. 
B)  individualism. 
C)  masculinity. 
D)  ethnocentrism. 
E)  collectivism.

Question 9

Cultural intelligence refers to a person's ability to use reasoning and observation skills to interpret unfamiliar gestures and situations and devise appropriate behavioral responses.

Accepted Answer

A) True 
 B)False

Question 10

The __________ concept proposes that corporations can alleviate poverty and other social ills, as well as make significant profits, by selling to the world's poorest people.

Accepted Answer

The answer of The __________ concept proposes that corporations can...

Question 11

The term bottom of the pyramid refers to the more than 4 billion people who earn less than US__________ a year.

Accepted Answer

A)  $1,500 
B)  $2,500 
C)  $3,500 
D)  $5,000 
E)  $10,000

Question 12

Government officials and the general public are often suspicious of foreign companies' impact on economic independence and political sovereignty.

Accepted Answer

A) True 
 B)False

Question 13

Kimberly values the relationships she has with her coworkers, and prefers working and making decisions in groups rather than by herself. According to Hofstede's value dimensions, Kimberly scores __________ in __________.

Accepted Answer

A)  high; individualism 
B)  high; femininity 
C)  low; power distance 
D)  low; collectivism 
E)  high; uncertainty avoidance

Question 14

High power distance means that people expect equality in power among institutions, organizations, and people.

Accepted Answer

A) True 
 B)False

Question 15

The degree to which people accept inequality in power among institutions, organizations, and people is called __________.

Accepted Answer

The answer of The degree to which people accept inequality...

Question 16

What do the corporations Unilever, Expedia, and Panasonic have in common?

Accepted Answer

A)  They all are considered ethnocentric companies. 
B)  The headquarters of all three companies are located in China. 
C)  They all have research and development centers in India. 
D)  They have a joint venture together to develop a new type of smartphone. 
E)  They are the U.S.'s top three exporters to China.

Question 17

Whereas China is strong in software design, services, and precision engineering, India is strong in manufacturing.

Accepted Answer

A) True 
 B)False

Question 18

List the four dimensions of national value systems identified by Hofstede.

Accepted Answer

The answer of List the four dimensions of national value...

Question 19

Cultural factors sometimes can be __________ political and economic factors when working or living in a foreign country.

Accepted Answer

A)  easier to understand than 
B)  similar to 
C)  more perplexing than 
D)  less important than 
E)  none of these

Question 20

Exporting and partnerships are called __________ strategies because they represent alternative ways to sell products and services in foreign markets.

Accepted Answer

A)  globalized 
B)  expansion 
C)  retrenchment 
D)  market-entry 
E)  concentrated business

Exam 4: Managing in a Global Environment

Briefly explain the difference between high power distance and low power distance.

Which of the following statements regarding the three strategies for entering business internationally is true?

A country that places emphasis on fairness and values kindness would be described by the GLOBE Project as high in:

__________ is the management of business operations conducted in more than one country.

The __________ is a single European currency that replaced the currencies of 19 European Union (EU) member nations.

The North American Free Trade Agreement (NAFTA) :

Austria's cultural preference is for achievement, heroism, assertiveness, work centrality, and material success. This would be considered:

Cultural intelligence refers to a person's ability to use reasoning and observation skills to interpret unfamiliar gestures and situations and devise appropriate behavioral responses.

The __________ concept proposes that corporations can alleviate poverty and other social ills, as well as make significant profits, by selling to the world's poorest people.

The term bottom of the pyramid refers to the more than 4 billion people who earn less than US__________ a year.

Government officials and the general public are often suspicious of foreign companies' impact on economic independence and political sovereignty.

Kimberly values the relationships she has with her coworkers, and prefers working and making decisions in groups rather than by herself. According to Hofstede's value dimensions, Kimberly scores in .

High power distance means that people expect equality in power among institutions, organizations, and people.

The degree to which people accept inequality in power among institutions, organizations, and people is called __________.

What do the corporations Unilever, Expedia, and Panasonic have in common?

Whereas China is strong in software design, services, and precision engineering, India is strong in manufacturing.

List the four dimensions of national value systems identified by Hofstede.

Cultural factors sometimes can be __________ political and economic factors when working or living in a foreign country.

Exporting and partnerships are called __________ strategies because they represent alternative ways to sell products and services in foreign markets.