Question 1

A corporation drops its organizational structure based on countries and reorganizes into industry groups. This is an example of the company becoming a(n)  ________.

Accepted Answer

A)   ethnocentric company
B)   polycentric organization
C)   borderless organization
D)   global company

Question 2

The World Trade Organization evolved from which of the following?

Accepted Answer

A)   Mercosur
B)   General Agreement on Tariffs and Trade
C)   Truman Doctrine
D)   Marshall Plan

Question 3

A ________ economy is one in which resources are primarily owned and controlled by the private sector.

Accepted Answer

A)   free market
B)   planned
C)   command
D)   democratic

Question 4

When the original members formed the European Union in 1992, the primary motivation was to reassert the region's economic position against the United States and Japan.

Accepted Answer

A) True 
 B)False

Question 5

Managers with a(n)  ________ attitude view every foreign operation as different and hard to understand.

Accepted Answer

A)   geocentric
B)   polycentric
C)   ethnocentric
D)   regiocentric

Question 6

The GLOBE framework for assessing cultures is similar to Hofstede's framework, but measures fewer dimensions.

Accepted Answer

A) True 
 B)False

Question 7

The advantages of operating globally include ________.

Accepted Answer

A)   higher profits
B)   higher employee satisfaction
C)   higher stock trading prices
D)   lower employee turnover

Question 8

A transnational organization reflects an ethnocentric attitude.

Accepted Answer

A) True 
 B)False

Question 9

The World Trade Organization ________.

Accepted Answer

A)   advises developing countries on issues of trade barriers
B)   promotes long-term economic development and poverty reduction
C)   exists to help countries conduct trade through a system of rules
D)   facilitates trade among third-world countries and developed nations

Question 10

Discuss four global economic issues and how they affect management decisions, providing examples of each.

Accepted Answer

a. Type of economy - There are two major...

Question 11

According to the text, which of the following is a typical definition of a multinational corporation?

Accepted Answer

A)   It is a company that maintains operations in multiple countries.
B)   It is a company that maintains franchises in multiple countries.
C)   It is a company that has multiple home bases and manufacturing plants.
D)   It is a company that pays corporate taxes in at least two countries.

Question 12

Part of Jose's company's business plan involves setting up a foreign subsidiary. This arrangement involves ________.

Accepted Answer

A)   making products domestically and selling them abroad
B)   Jose's company giving the foreign subsidiary the right to use its brand name
C)   directly investing in a foreign country
D)   minimum global investment

Question 13

Managers who want to get into a global market with minimal investment start with global sourcing.

Accepted Answer

A) True 
 B)False

Question 14

The ________ was formed by twelve member countries with the primary motivation of reasserting the region's economic position against the United States and Japan.

Accepted Answer

A)   African Union
B)   European Union
C)   Central America Free Trade Agreement
D)   Association of South-East Asian Nations

Question 15

In 1984 Toyota and General Motors formed a company called NUMMI to build cars carrying both the General Motors and Toyota brands. NUMMI is an example of a(n)  ________.

Accepted Answer

A)   equity strategic alliance
B)   joint venture
C)   global venture
D)   nonequity strategic alliance

Question 16

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

Accepted Answer

A) True 
 B)False

Question 17

The single European Union currency is called the ________.

Accepted Answer

A)   deutchmark
B)   krona
C)   pound
D)   euro

Question 18

Bill Sanderson, a manager in a manufacturing firm in New York has a tendency to view the world only through his U.S.-based perspective. What can be deduced about his attitude?

Accepted Answer

A)   He has an elitist attitude.
B)   He has a polycentric attitude.
C)   He has a parochialistic attitude.
D)   He has a geocentric attitude.

Question 19

Employers in the global marketplace look for which one of the following?

Accepted Answer

A)   a college degree in multicultural awareness
B)   critical thinking skills
C)   multi-lingual skills
D)   respect for differences

Question 20

Theodore and James decide to enter into an agreement with a firm in Europe allowing them to use their software, brand name, and business methods in return for a lump sum payment and a percentage of sales. The European firm is a service organization that plans to use the software to serve its customers. Their agreement is a(n)  ________.

Accepted Answer

A)   export agreement
B)   licensing agreement
C)   franchise agreement
D)   import agreement

Exam 4: Managing in a Global Environment

Correct Answer
verified

According to the text, which of the following is a typical definition of a multinational corporation?

Correct Answer
verified

Managers who want to get into a global market with minimal investment start with global sourcing.

Correct Answer
verified

The single European Union currency is called the ________.

Correct Answer
verified

A corporation drops its organizational structure based on countries and reorganizes into industry groups. This is an example of the company becoming a(n) ________.

Correct Answer
verified

A transnational organization reflects an ethnocentric attitude.

Correct Answer
verified

The advantages of operating globally include ________.

Correct Answer
verified

Bill Sanderson, a manager in a manufacturing firm in New York has a tendency to view the world only through his U.S.-based perspective. What can be deduced about his attitude?

Correct Answer
verified

A ________ economy is one in which resources are primarily owned and controlled by the private sector.

Correct Answer
verified

Managers with a(n) ________ attitude view every foreign operation as different and hard to understand.

Correct Answer
verified

In 1984 Toyota and General Motors formed a company called NUMMI to build cars carrying both the General Motors and Toyota brands. NUMMI is an example of a(n) ________.

Correct Answer
verified

The World Trade Organization evolved from which of the following?

Correct Answer
verified

Discuss four global economic issues and how they affect management decisions, providing examples of each.

Correct Answer
verified
a. Type of economy - There are two major...
View Answer

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

Correct Answer
verified

The World Trade Organization ________.

Correct Answer
verified

The GLOBE framework for assessing cultures is similar to Hofstede's framework, but measures fewer dimensions.

Correct Answer
verified

Employers in the global marketplace look for which one of the following?

Correct Answer
verified

The ________ was formed by twelve member countries with the primary motivation of reasserting the region's economic position against the United States and Japan.

Correct Answer
verified

Part of Jose's company's business plan involves setting up a foreign subsidiary. This arrangement involves ________.

Correct Answer
verified

When the original members formed the European Union in 1992, the primary motivation was to reassert the region's economic position against the United States and Japan.

Correct Answer
verified

Exam 4: Managing in a Global Environment

Correct AnswerverifiedShow Answer

According to the text, which of the following is a typical definition of a multinational corporation?

Correct AnswerverifiedShow Answer

Managers who want to get into a global market with minimal investment start with global sourcing.

Correct AnswerverifiedShow Answer

The single European Union currency is called the ________.

Correct AnswerverifiedShow Answer

A corporation drops its organizational structure based on countries and reorganizes into industry groups. This is an example of the company becoming a(n) ________.

Correct AnswerverifiedShow Answer

A transnational organization reflects an ethnocentric attitude.

Correct AnswerverifiedShow Answer

The advantages of operating globally include ________.

Correct AnswerverifiedShow Answer

Bill Sanderson, a manager in a manufacturing firm in New York has a tendency to view the world only through his U.S.-based perspective. What can be deduced about his attitude?

Correct AnswerverifiedShow Answer

A ________ economy is one in which resources are primarily owned and controlled by the private sector.

Correct AnswerverifiedShow Answer

Managers with a(n) ________ attitude view every foreign operation as different and hard to understand.

Correct AnswerverifiedShow Answer

In 1984 Toyota and General Motors formed a company called NUMMI to build cars carrying both the General Motors and Toyota brands. NUMMI is an example of a(n) ________.

Correct AnswerverifiedShow Answer

The World Trade Organization evolved from which of the following?

Correct AnswerverifiedShow Answer

Discuss four global economic issues and how they affect management decisions, providing examples of each.

Correct Answerverifieda. Type of economy - There are two major...View AnswerShow Answer

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

Correct AnswerverifiedShow Answer

The World Trade Organization ________.

Correct AnswerverifiedShow Answer

The GLOBE framework for assessing cultures is similar to Hofstede's framework, but measures fewer dimensions.

Correct AnswerverifiedShow Answer

Employers in the global marketplace look for which one of the following?

Correct AnswerverifiedShow Answer

The ________ was formed by twelve member countries with the primary motivation of reasserting the region's economic position against the United States and Japan.

Correct AnswerverifiedShow Answer

Part of Jose's company's business plan involves setting up a foreign subsidiary. This arrangement involves ________.

Correct AnswerverifiedShow Answer

When the original members formed the European Union in 1992, the primary motivation was to reassert the region's economic position against the United States and Japan.

Correct AnswerverifiedShow Answer

Correct Answer
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Correct Answer
verified
a. Type of economy - There are two major...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
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