Question 1

"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 orientationE) None of the above
F) A) and B)

Question 2

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

Accepted Answer

A) True 
 B)False

Question 3

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 cooperationE) B) and C)
F) A) and C)

Question 4

A(n)  ________ attitude is characterized by parochialism.

Accepted Answer

A)   geocentric
B)   acculturated
C)   multilinguistic
D)   ethnocentricE) A) and B)
F) A) and C)

Question 5

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 countriesE) All of the above
F) C) and D)

Question 6

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)   franchisingE) None of the above
F) A) and B)

Question 7

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 organizationsE) B) and D)
F) All of the above

Question 8

Multidomestic corporations reflect the ________.

Accepted Answer

A)   ethnocentric attitude
B)   polycentric attitude
C)   geocentric attitude
D)   xenophobic attitudeE) A) and B)
F) A) and C)

Question 9

A global company reflects the ________.

Accepted Answer

A)   pancentric attitude
B)   ethnocentric attitude
C)   geocentric attitude
D)   polycentric attitudeE) A) and C)
F) B) and C)

Question 10

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

Accepted Answer

A) True 
 B)False

Question 11

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

Accepted Answer

A) True 
 B)False

Question 12

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

Accepted Answer

The World Bank Group is a group of five ...

Question 13

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 nationsE) None of the above
F) C) and D)

Question 14

Joint ventures are a type of ________.

Accepted Answer

A)   license
B)   franchise
C)   foreign subsidiary
D)   strategic allianceE) All of the above
F) B) and D)

Question 15

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 16

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 environmentE) B) and C)
F) A) and B)

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 corporationE) A) and C)
F) B) and C)

Question 19

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 orientationE) B) and C)
F) B) and D)

Question 20

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 DevelopmentE) B) and C)
F) None of the above

Exam 4: Managing in a Global Environment

An ethnocentric attitude ________.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedThe World Bank Group is a group of five ...View AnswerShow Answer

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 ________.

Correct AnswerverifiedShow Answer

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 ________.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedThe goal of the World Trade Organization...View AnswerShow Answer

A(n) ________ attitude is characterized by parochialism.

Correct AnswerverifiedShow Answer

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 ________,

Correct AnswerverifiedShow Answer

Multidomestic corporations reflect the ________.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedManagers who want to get into a global m...View AnswerShow Answer

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 ________.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Joint ventures are a type of ________.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

A global company reflects the ________.

Correct AnswerverifiedShow Answer

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 ________.

Correct AnswerverifiedShow Answer

The purpose of the World Trade Organization is to ________.

Correct AnswerverifiedShow Answer

The International Monetary Fund is an organization that ________.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

One case currently before the WTO involves ________.

Correct AnswerverifiedShow Answer

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The World Bank Group is a group of five ...
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The goal of the World Trade Organization...
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Managers who want to get into a global m...
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