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33 Cards in this Set
- Front
- Back
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T/F
An example of guanxi is one US software company used a former senior executive with the Chinese company as the intermediary to settle the differences. |
True
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T/F
China has more economic freedom than Hong Kong. |
False
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T/F
Chinese is the only official language in Hong Kong. |
False
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T/F
Saying " I know better" in fron tof the Chinese counterpart is OK |
False
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T/F
According to Dr. Mu, a person's cultural background can be reflected in his/her values, expectations, and perceptions. |
True
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T/F
It is OK to point with chopsticks or stand them upright in your rice bowl |
False
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T/F
Hong Kong was handed over to China on July 1, 1997. |
True
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T/F
Peoples Repulic of China was established by Deng Xiaoping |
False (Mao)
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T/F
China's no. 1 import country is the US. |
False
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T/F
China has developed a large cadre of professional and managerial personnel |
False
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T/F
Chinese negotiators are more concerned with the end than the means, with the goal more than the process. |
False
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T/F
In Great Transition article, the authors listed the ideal China manager profile for each of three phases of investment in china. In the Entry Phase, the ideal China manager is a senior manager able to work with several business divisions. |
False (that's the last phase)
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T/F
McDonald in China has low intense rivalry among competitors |
False
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T/F
one of TCL's challenges is the low brand recognition globally. |
True
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T/F
Hong Kong Disneyland has two challenging issues of guest attendance and does not pay attention to Chinese culture such as selling mooncakes in Chinese Autumn Festival, skipping the 4th floor in hotels. |
False
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T/F
One of Lee Kum Kee's weaknesses is that it does not have a strong aggressive marketing through its culture network and partnership in China. |
False
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T/F
One Max Oriental's opportunities is the potential to capture higher margins through own retail stores. |
True
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T/F
One Mission Hills company's weakness is to attract and manage successful golf tournaments. |
False
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According to our guest speaker Mr. Leu's lecture, which of the following is not one of the major economic sectors in Hong Kong?
a. Trading b. Financial Services c. Manufacturing d. Tourism |
C. Manufacturing
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In Dr. Mu's story, which of the following is not true:
a. One American top management's expectations was to obtain the contract. b. One of Chinese firm top management's expectations was to establish a long-term relationship c. Chinese firm top management's expected conversions were product specifications, price and contract terms. d. American top management's behavior was professional and technically oriented. |
C.
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Which of the following is not a key principle of the Confucianism?
a. Five basic relationships (Wulun) b. Family c. Virtious behavior d. Yin-Yan principle |
D.
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When you go to visit a Chinese friend, which of the following is a forbidden gift?
a. Fruit b. Laker t-shirt c. Candies d. Trojan green hat |
d.
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In Wall-Mart case, which of the following is not a specific threat to in China will hinder its low cost structure?
a. Consumer buys substantially less on any one trip b. Chinese patriotism c. Weak IT systems with more small suppliers d. Lack of profit sharing mechanism |
b.
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According to the "Great Transition" article, during which fo the following phases is it true that one key goal of doing business in China is to "determine the right business model"
a. Entry phases b. Country development phase c. Global integration phase d. All phases |
a.
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The great wall of china was first built in
a. Xia dynasty b. Qin dynasty c. Tang dynasty d. Qing dynasty |
b Qin dynasty (first dynasty)
(note: Qing dynasty is the last dynasty) |
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According to one of our lectures and some readings, which of the following is not true?
a. China plans to take further policy measures to control credit growth especially the property market. b. Gini index in China is smaller than US between richest and poorest groups c. China's RMB is under-valuated d. China's Premier is LI Kerchiang |
b.
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In 2012 US-China Business Council Member Survey, which of the following is not in the top five issues of doing business in China.
a. Difficult in finding and keeping top and middle-level local talents b. Difficult to obtain business and product licenses c. Cost increases d. Transparency problem |
D.
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In McDonald's China case reading, which of the follow is not a high level threat to the firm in terms of five forces of the industry environments in China?
a. Intense rivalry among competitors b. Bargain power of suppliers c. Threat of substitute products d. Bargaining power of buyers in less-developed cities |
b.
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According to preliminary project presentation papers, which of the following is not a major opportunity for HSBC?
a. Expand its market position in emerging markets like China b. Increase equity market non-interest income c. To increase overall profit margin d. Closures of non-strategic businesses |
c.
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In your reading of the Challenge for Multinational co (MNC's) in China, which of the following is not true?
a. Guanxi is the most important item of doing business in China b. Chinese consumers have become more demanding c. To succeed in China, MNCs must think local and act global d. MNC managers must demonstrate they understand their exemplar roles and police their own behavior effectively |
a.
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Which of the following is not true in Hong Kong Disneyland?
a. It did not anticipate huge PRC tourist crowds during the opening year Chinese New Year. b. It has offered a wide variety of Chinese-flavored cuisine c. It has not incorporated the input and suggestions from feng shui masters into construction designs and the offering of a wide variety of Chinese flavored cuisine. d. It starts to employ Health Ambassadors to promote the desirable behavior, directly to the PRC guests (face-to-face) |
c.
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According to preliminary project presentation papers, which of the following is not a major challenge facing Huawei to enter the US market?
a. Increasing price competition b. Lack of qualified personnel c. Limited supply of raw materials d. Stringent US government policies |
C.
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According to the briefing papers, which of the following is not a major challenge/threat facing Brown Shoe?
a. Labor shortage in China b. Rising labor and raw material costs c. Intense competition d. retail outlets |
d.
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