Mid Term Answers Essay

3152 Words Oct 13th, 2012 13 Pages
MGMT338, International Business, Test #1 sample answers, September 11, 2012 I. (6 pts) Leslie Igles is being sent to Guatemala as the new manager of a local subsidiary of a U.S. firm. She has a participatory management style and is known for her ability to relate to the workers by occasionally stepping in and working along side of them. Answer the following True and False questions using Hofstede’s Five Dimensions.
T F 1. This management style will not work well with Guatemala’s Power Distance rating.
Answer: T
T F 2. Uncertainty Avoidance levels in Guatemala will make it difficult for Leslie to make changes.
Answer: T
T F 3. The Individualism level in Guatemala is lower than in Sweden.
Answer: T
II. (57 pts) Select the
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B. over 70 percent of exports from developed economies go to other industrialized nations.
C. the portion of world trade accounted for by members of regional trade groups deceased from 1980 to 2011.
D. all of the above
E. only (A) and (B) above
Answer: E 11. Global Strategic Planning is 
A. the way firms make choices about acquiring and using scarce resources.
B. the process by which an organization determines where it is going in the future.
C. an assessment conducted on the chain of interlinked activities of an organization.
D. only (B) and (C) above
E. None of the above.
Answer: B 12. A Balance of Payment trade deficit
A. could cause a country to implement restrictive monetary policies.
B. could cause a country to implement restrictive fiscal policies.
C. may affect a manager’s choice of strategic risks to take.
D. All of the above.
E. only (A) and (C) above.
Answer: D 13. __________ is/are straining the social security systems of Japan and other industrialized nations. 
A. An aging population
B. The fact that retirees are living longer
C. The fact that a smaller percent of the population is working
D. All of the above.
E. only (A) and (B) above
Answer: D 14. Anti-trust law A. in the U.S. has per se violations where no harm has to be proven.
B. in the EU and the U.S. the focus of anti-trust law is on the impact on consumers. C. in the U.S. applies to

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