Question 1

Sox for All is a global nonprofit organization that works with schools and various companies to donate socks and shoes to poor children throughout the world. Sox for All is an example of a

Accepted Answer

A)  multinational corporation. 
B)  conglomerate. 
C)  foreign firm. 
D)  philanthropic corporation. 
E)  multinational organization.

Question 2

Victor works for a company that highly values performance-oriented traits, such as achieving a certain level of sales and increasing market share by a certain percentage. In analyzing this aspect of Victor's company, Geert Hofstede would examine the company's ________ dimension.

Accepted Answer

A)  individualism/collectivism 
B)  masculinity/femininity 
C)  power distance 
D)  uncertainty avoidance 
E)  assertiveness

Question 3

Countertrading is ________ goods for goods.

Accepted Answer

A)  outsourcing 
B)  sourcing 
C)  bartering 
D)  selling 
E)  licensing

Question 4

________ is another word for ethnocentrism.

Accepted Answer

A)  Geocentrism 
B)  Ecocentrism 
C)  Parochialism 
D)  Open-mindedness 
E)  A flexible management style

Question 5

NAFTA and the EU are both

Accepted Answer

A)  greenfield ventures. 
B)  world banks. 
C)  terrorist-monitoring associations. 
D)  monetary funds. 
E)  trading blocs.

Question 6

The ________ is the law that makes it illegal for employees of U.S. companies to make "questionable" or "dubious" contributions to political decision makers in foreign nations.

Accepted Answer

A)  Global Ethics Accord 
B)  Internationalist Agreement 
C)  PATRIOT Act 
D)  Expatriate Accord 
E)  Foreign Corrupt Practices Act

Question 7

The city of Cincinnati, California, is an industrial town known for its production of high-quality computers. In addition, the management of an automobile manufacturing plant in Cincinnati, which employs over 2,000 employees, is considering closing and moving its operations to Mexico to save money. Discuss the positive and negative effects of the global economy on Cincinnati, California, and other communities in America.

Accepted Answer

The answer of The city of Cincinnati, California, is an...

Question 8

ASEAN is a(n)

Accepted Answer

A)  trading bloc consisting of 10 countries in Asia. 
B)  association of American and Southeast Asian nations. 
C)  trading bloc consisting of 10 countries along the Atlantic Ocean. 
D)  worldwide banking association. 
E)  union of global nations that strives to bring about world peace.

Question 9

The purpose of the World Trade Organization is to

Accepted Answer

A)  provide low-interest loans to developing nations for improving transportation. 
B)  monitor and enforce trade agreements. 
C)  provide medium-interest loans to developing nations for improving health. 
D)  assist in smoothing the flow of money between nations. 
E)  provide low-interest loans to developing nations for improving telecommunications.

Question 10

Luke is the owner of Fun Times, a U.S. event-planning company. He plans to open an event-planning company, Events & Adventures, in Germany. Events & Adventures will be totally owned and controlled by Fun Times, which makes Events & Adventures a ________ of Fun Times.

Accepted Answer

A)  joint venture 
B)  total investment agreement 
C)  strategic alliance 
D)  wholly owned subsidiary 
E)  maquiladora

Question 11

Airbus Inc., a company that builds airplanes, typically orders parts for its airplanes from other companies. ________ is the practice Airbus Inc. is using.

Accepted Answer

A)  Countertrading 
B)  Bartering 
C)  Trading 
D)  Outsourcing 
E)  Diversifying

Question 12

Kyle, who owns a broom and mop factory, is considering global outsourcing. Using the definitions of global outsourcing and maquiladoras, describe the pros and cons for Kyle to consider before he makes his decision final.

Accepted Answer

The answer of Kyle, who owns a broom and mop...

Question 13

The United States granted most favored nation trading status to China, which means that

Accepted Answer

A)  Chinese tourists pay lower sales taxes when they visit the United States. 
B)  the United States has promised to aid China in its counterterrorist activities. 
C)  China receives favorable trading treatment, such as the reduction of import duties. 
D)  more Chinese immigrants are allowed to enter the United States. 
E)  China and the United States have agreed to place a trade embargo on certain nations in Southeast Asia.

Question 14

In exchange for $1,000 of office supplies, Anthony's IT Services uses ________ to install new network computers and printers at no cost to Quality Office Supply.

Accepted Answer

A)  outsourcing 
B)  sourcing 
C)  inputting 
D)  countertrading 
E)  importing

Question 15

Prior to 1990, the United States imposed a tax, known as a(n) ________, on automobiles imported from Mexico.

Accepted Answer

A)  licensing fee 
B)  tariff 
C)  embargo 
D)  import quota 
E)  export quota

Question 16

In 1999, the top exporting nation was the United States, but in 2016, the world's top exporting nation was China.

Accepted Answer

A) True 
 B)False

Question 17

This question has two parts; be sure to answer both.
First, contrast a multinational corporation and a multinational organization, and explain why a global mind-set is essential in working in a globalized world.
Next, consider these two companies: (1) Voice of the Reader recruits volunteers, often actors and actresses, who read books out loud, in many different languages, so that they can be put onto electronic media, such as CDs. Voice of the Reader then distributes these books for free to blind people across the world. For example, books on CD in French go to France, Canada, and Haiti; books on CD in Spanish go to Spain and many of the countries of South America; books in Portuguese go to Portugal and Brazil. Voice of the Reader does not seek a profit, and it has small recording studios in many countries, where actors read the books out loud. (2) Blazing Glory is a role-playing game that is played with simple cards that look like baseball cards. Each card has a mythical figure, as well as multiple symbols that explain how the game can be played. Because there is no writing on the cards, the market is fully global-no translations or adaptations are required. The company that created Blazing Glory is now manufacturing and selling its cards throughout the developed world, and it has hired game creators in multiple countries, including Brazil, China, and India, to develop games that will appeal to the local markets.
Which of these companies is a multinational corporation, and which is a multinational organization? How do both companies benefit from a global mind-set? Explain.

Accepted Answer

The answer of This question has two parts; be sure...

Question 18

The GLOBE project is an ongoing cross-cultural investigation of nine cultural dimensions involved in ________ processes.

Accepted Answer

A)  family and relationship 
B)  leadership and organizational 
C)  MBO and planning 
D)  studying leadership 
E)  profit and cost-cutting

Question 19

As you prepare to work in a global economy, what will help you to more effectively communicate with and influence others?

Accepted Answer

A)  context 
B)  religion 
C)  language 
D)  interpersonal cues 
E)  time orientation

Question 20

Linda, the human relations manager, is having lunch with Kellyanne, who will be leaving to manage the company office in Hiroshima, Japan. As the bill for lunch comes, Linda asks Kellyanne if she is aware of tipping practices in Japan. Kellyanne says, "Yes, it is 15-20 percent." Linda thanks Kellyanne for the information and notes that she when she was in Europe, she learned that a 10% charge is added only for exceptional service. In both cases, Kellyanne is correct.

Accepted Answer