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121 Cards in this Set
- Front
- Back
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The United States, Canada and Mexico make up the _____, which in essence has removed all barriers to trade between these countries and created a huge North American market.
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North American Free Trade Agreement
correct |
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True or False:
Globalization is the process of social, political, economic, cultural and technological integration among countries around the world |
True
correct |
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Which of the following is true of India today?
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It is attractive to MNCs
correct |
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The following statements are true about the United States and Canada except:
1. The legal and business environments of the two countries are very different 2. Both countries are participants in NAFTA 3. Canada is the largest trading partner of the U.S 4. In recent years, Canadian firms have begun investing heavily in the U.S |
1. The Legal and business environments of the two countries are very different
correct |
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True or False:
MITI is a South Korean government agency that identifies and ranks national commercial pursuits and guides the distribution of national resources to meet these goals. |
False
correct |
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_____ is the United States' largest trading partner, a position it has held for many years.
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Canada
correct |
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True or False:
Mexican firms cannot export goods into the European community without paying a tariff. |
False
correct |
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Identify the emerging market which is projected to have the largest market size in 2010.
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??
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True or False:
Like most South American economies, Brazil's economy is faced with grave economic problems. Its GDP through 2009 continued to fall and inflation and unemployment increased. |
False
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Which country receives the most foreign direct investment (FDI) by U.S. companies?
Netherlands Mexico Great Britain Canada |
XXXnot canada
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In 2009, global merchandise exports and global commercial services exports:
Answer Declined for the first time since 1983 Nearly doubled Remained fairly consistent Decreased by almost 50 percent |
Declined for the first time since 1983
correct |
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Identify the statement that is false of globalization:
1. It can be defined as the process of social, political, economic, cultural and technological integration among countries around the world 2. It is the process of a business crossing national and cultural borders 3. Evidence of globalization can be seen in increased levels of trade, capital flows and migration 4. It has been facilitated by technological advances in transnational communications, transport and travel |
2. It is the process of a business crossing national and cultural borders
correct |
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A factory, located in a Mexican border town, that imports materials and equipment on a duty and tariff-free basis for assembly or manufacturing and re-exports is called a:
Answer Vertically integrated corporation Keiretsus Maquiladora Chaebols |
Maquiladora
correct |
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Which of the following statements is not true of Hungary's economic reform measures?
Answer 1. In Hungary, state-owned hotels have been privatized 2. Western firms have been entering into joint ventures with local companies in Hungary, attracted by the low cost of highly skilled, professional labor 3. Hungary had a head start on the other former communist-bloc countries in terms of adopting economic reform measures 4. MNCs have been making direct investments in Hungary, as in the case of General Electric's purchase of Tungsram |
3. Hungary had a head start on the other former communist-bloc countries in terms of adopting economic reform measures
correct |
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Which of the following statements is true with regard to the economy of Poland?
1. The consensus decision making system of Poland turns out to be too time-consuming in the new speed-based economy 2. During the 1970s and 1980s, Poland's economic success had been without precedent 3. Poland is among the largest of the former communist countries which receives the least media coverage 4. Political instability and risk, large external debts, a deteriorating infrastructure and only modest education levels have led to continuing economic problems in Poland |
Political instability and risk, large external debts, a deteriorating infrastructure and only modest education levels have led to continuing economic problems in Poland
correct |
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The four other widely recognized powerhouses in Asia, in addition to Japan and China are:
1. South Korea, Hong Kong, Singapore and Taiwan 2. Indonesia, South Korea, Japan and Taiwan 3. Thailand, South Korea, Indonesia and Hong Kong 4. Singapore, South Korea, Indonesia and Thailand |
1. South Korea, Hong Kong, Singapore and Taiwan
correct |
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According to the projections for 2010, which of the following countries has the best commercial infrastructure?
China Hong Kong India |
Hong Kong
correct |
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True or False:
As a result of some continuing problems, the international business climate in Poland has not done well. |
False
correct |
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The European Union:
1. Has achieved the reality of a single currency and a regional central bank 2. Has eliminated all trade barriers among member countries 3. Subjects member nations to quotas on the manufacture and shipment of high-quality, low-cost goods 4. Imposes duties on member nations for the manufacture and shipment of high-quality, low-cost goods |
xxx not 2 - eliminated trade barriers
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Agreements like NAFTA and CAFTA:
1. Not only reduce barriers to trade but also require additional domestic legal and business reforms in developing nations to protect property rights 2. Do not include supplemental commitments on labor and the environment to encourage countries to upgrade their working conditions and environmental protections like the FTAA 3. Rely exclusively on MNCs exporting or setting up operations locally rather than buying out a domestic firm 4. Provide firms with enough security so they cannot go out of business, which simply encourages a lack of efficiency or incentive to monitor costs |
XX not - 2
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True or False: NAFTA is a free trade agreement between the United States, Canada and Mexico that has in essence removed all barriers to trade and investment between the three nations.
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True
correct |
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The Goldman Sachs global economics team:
1. Estimates that Chile will occupy a dominant role in the global economic system and will surpass the United States in output by 2035 2. Reports that the economic potential of Brazil, Russia, India and China is such that they may become among the four most dominant economies by the year 2050 3. Estimates that the BRIC economies' share of world growth could rise from 40 percent in 2000 to more than 70 percent in 2025 4. Reports that Germany, followed by India a decade later, will overtake the United States as the world's largest car market |
2. Reports that the economic potential of Brazil, Russia, India and China is such that they may become among the four most dominant economies by the year 2050
correct |
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The global organization of countries that oversees rules and regulations for international trade and investment, including agriculture, intellectual property, services, competition and subsidies is the:
WTO NAFTA WIPO ITO |
WTO - World Trade Organization
correct |
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A method which adjusts GDP to account for different prices in countries is called:
Cumulative distribution function Nominal GDP Current currency exchange rate Purchasing power parity |
Purchasing Power Parity
correct |
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The Asian economic block, made up of Indonesia, Malaysia, the Philippines, Singapore, Brunei, Thailand, Cambodia, Myanmar and Vietnam is referred to as:
Association of Southeast Asian Nations (ASEAN) Southeast Asia Free Trade Agreement (SWAFTA) Southeast Asia Common Market Asian Economic Union |
Association of Southeast Asian Nations (ASEAN)
correct |
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The NAFTA agreement and the DR-CAFTA agreement are examples of:
Defunct bilateral agreements Regional trade agreements Plurilateral agreements Proposed bilateral agreements |
Regional Trade Agreements
correct |
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Which of the following statements is false with regard to a mixed economy?
1.Regulations concerning minimum wage standards, social security, environmental protection and the advancement of civil rights may raise the standard of living 2. Ownership of organizations seen as imperative to the nation may be transferred to the state to subsidize costs and allow the firm to flourish 3. Regulations concerning minimum wage standards, social security, environmental protection and the advancement of civil rights ensure that those who are elderly, sick or have limited skills are taken care of 4. Businesses in this model are owned by the state to ensure that investments and practices are done in the best interest of the nation despite the often opposing outcomes |
4. Businesses in this model are owned by the state to ensure that investments and practices are done in the best interest of the nation despite the often opposing outcomes
correct |
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The former communist countries that have become most visible in the international arena include:
Romania, Poland and Bulgaria Czech Republic, Bulgaria and Poland Hungary, Romania and Albania 4. Poland, Hungary and the Czech Republic |
4. Poland, Hungary, and the Czech Republic
correct |
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The Central and Eastern European republics:
1. Have attempted to grow in terms of intercountry trade, spurred on by the progress toward free-market policies 2. Have attempted to decrease inflation by lowering the GDP 3. Are attempting to make a shift from centrally planned economies to market based economies 4. Are attempting to make a shift from a centrally planned economy to a mixed economy |
3. Are attempting to make a shift from centrally planned economies to market based economies
correct |
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True or False: A keiretsu is a government agency in South Korea.
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False
correct |
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True or False: The countries of the Association of Southeast Asian nations are challenging China's position as destinations for low cost production and export.
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True
correct |
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True or False: Mexico believes that the United States is its most important market and that little effort should go into expanding trade with Europe and Asia at least for now.
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False
Correct |
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Which of the following countries was not amongst the world's 10 most competitive nations in 2010?
United States Singapore United Kingdom Norway |
United Kingdom
correct |
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Despite setbacks, _____ remains a formidable international competitor and is well poised in all three major economic regions: the Pacific Rim, North America and Europe.
Japan Chile China Argentina |
Japan
correct |
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The United States holds a dominant position in all of the following industries except:
Answer telecommunications biotechnology media textiles |
Textiles
correct |
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A major development in South America is:
1. Is the implementation of the single currency and the regional central bank 2. The growth of inter-country trade, spurred on by the progress toward free-market policies 3. Is the privatization of traditionally nationalized industries 4. Is the elimination of all trade barriers among member countries |
2. The growth of inter-country trade, spurred on by the progress toward free-market policies
correct |
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True or False: Multinational corporations can be defined as firms having operations in more than one country, international sales and a nationality mix of managers and owners.
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True
correct |
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Which of the following statements is true of the economic system of North America?
1. The free-market-based economy of this region allows for more freedom in decision-making processes of private firms 2. The command economy of this region allows for greater flexibility with decisions and low barriers for other countries to establish business 3. The free-market-based economy of this region results in lowering barriers when attempting to move into other countries 4. The command economy of this region allows competition to strive while the government can extend assistance to individuals or companies |
1. The free-market-based economy of this region allows for more freedom in decision-making processes of private firms
correct |
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A _____ is comparable to a monopoly in the sense that the organization, in this case the government, has explicit control over the price and supply of a good or service.
Answer Command economy Market economy Mixed economy Socialist economy |
Command Economy
correct |
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The subcontracting or contracting out of activities to endogenous organizations that had previously been performed by the firm is called:
Answer Homesourcing Insourcing Offshoring Outsourcing |
Outsourcing
correct |
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A _____ exists when private enterprise reserves the right to own property and monitor the production and distribution of goods and services while the state simply supports competition and efficient practices.
Answer Command economy Market economy Mixed economy Socialist economy |
Market Economy
correct |
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Identify the statement which is not true of Mexico.
1. When it joined NAFTA, Mexico was on the verge of becoming the major economic power in Latin America 2. Mexico has free-trade agreements with more than 50 countries 3. Mexico's trade with Asia is declining 4. Mexico's government are probusiness |
3. Mexico's trade with Asia is declining
correct |
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Internationalization is the vision of creating one world unit, a single market entity.
Answer True False |
False
correct |
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Which of the following observations about NAFTA is incorrect?
1. Mexican businesses are finding themselves able to take advantage of the U.S. market by replacing goods that were previously purchased from Asia 2. Mexican firms are now able to produce products at highly competitive prices thanks to lower-cost labor and proximity to the American market 3. Mexican firms can now export goods into the European community only by paying a heavy tariff 4. Mexico's trade with Asia is on the rise which is important to the country as it wants to reduce its overreliance on the U.S. market |
3. Mexican firms can now export goods into the European community only by paying a heavy tariff
correct |
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Chaebols are large, family-held conglomerates in:
Answer Thailand Japan South Korea China |
South Korea
correct |
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One of the ways that Russia is attempting to get its economy going is by removing many administered prices and subsidies and letting free market forces take over.
Answer True False |
True
correct |
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A recent survey (reported in our textbook) of businesspeople from Argentina, Brazil, Chile, Columbia and Venezuela found that the _____ market, on average, was more important to their economic well being than any other.
Answer Mexican Japanese U.S European Union |
US
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To qualify as a multinational corporation, a firm must meet all of the following criteria except:
Answer Operations in more than one country International sales A nationality mix of managers and owners Sales of at least one million dollars per year |
xxxnot- A nationality mix of managers and owners
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Identify the statement false of China's economic condition.
1. China's GDP has remained strong, maintaining at 11.5 percent growth in 2009 2. In the first quarter of 2010, China's GDP grew at a blistering 11.7 percent causing some concerns that the Chinese government has been unable to tap the breaks on this rapid growth 3. Trade relations between China and developed countries and regions, such as the United States and the EU, are lax 4. Massive savings glut in the corporate sector, the globalization of manufacturing networks are major challenges faced by China |
xxxnot-1. China's GDP has remained strong, maintaining at 11.5 percent growth in 2009
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The term "maquiladora" is used to describe a specific kind of _____ industry.
Answer Brazilian Mexican South Korean Chinese |
Mexican
correct |
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True or False:
Great Britain's Labour Party practices "democratic socialism". |
True
correct |
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Countries have the legal right to refuse admission of foreign citizens and to impose special restrictions on the following except:
Conduct Right of travel Spending What business they may conduct |
Spending
correct |
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_____ has placed pressure on MNCs to outsource production.
Mounting cost pressure and profit expectations Lack of cheap and expert labor Global and Internal competition Profit expectation by governments |
Mounting cost pressure and profit expectations
correct |
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Political repression and denial of rights and civil liberties are dominant ideals of:
Answer Totalitarianism Socialist democracy Collectivism Monarchy |
Totalitarianism
correct |
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Which country does not rank high on the ease-of-doing-business index?
Answer the Philippines Singapore Japan the United States |
The Philippines
correct |
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True or False: Under the act of state doctrine, all acts of other governments are considered to be valid by U.S. courts, even if such acts are inappropriate in the United States.
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True
correct |
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International law includes the following types of jurisdictional principles:
Nationality, territoriality and protective Territoriality, sovereignty and nationality Good citizenship, territoriality and protective Protective, comity and sovereignty |
Nationality, territoriality and protective
correct |
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____ law comes from English law and is the foundation of the legal system in the United States, Canada, England, Australia, New Zealand and others.
Answer Civil or code Islamic Socialist Common |
Common Law
correct |
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MNCs have moved certain production activities overseas to capitalize on:
Answer Increasing costs Cheap labor Larger markets Higher purchasing power |
Cheap labor
correct |
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True or False:
The territoriality principle holds that governments have the right to rule themselves as they see fit. |
False
correct |
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True or False: Common law is derived from Roman law and is found in the non-Islamic and non-socialist countries such as France, some countries in Latin America and even Louisiana in the United States.
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False
correct |
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Which of the following views the individual as part of rather than separate from nature?
Answer Aristotelian virtue ethics Utilitarianism Kantian philosophical traditions Eastern philosophy |
Eastern philosophy
correct |
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True or False: As pressure for accountability and responsiveness continues to increase, corporate governance will undoubtedly remain high on the agenda of governments, investors, NGOs and corporations in the coming years.
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True
correct |
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True or False:
The study of morality and standards of conduct is referred to as ethics. |
True
correct |
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According to the latest corruption index of countries around the world specified in the text, the least corrupt country is:
Japan Chile United States New Zealand |
New Zealand
correct |
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All of the following are accurate in regard to the issue of sexual harassment in the Japanese workplace except:
1. Sexual harassment remains a minor social issue in Japan, despite a heightened sensitivity in recent years. 2. Traditionally many male managers regard female employees as secretaries and, feel that women employees will soon marry and leave the firm. 3. Sexual harassment is a new concept to many Japanese managers. 4. Japanese women face a glass ceiling. |
1. Sexual harassment remains a minor social issue in Japan, despite a heightened sensitivity in recent years.
Correct |
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Which of the following statements is not true with regard to child labor?
1. Child labor continues to climb 2. Child labor has declined for girls 3. The ILO has been involved in developing standards regarding child labor 4. UNICEF and the World Bank recognize that family survival sometimes depends on children working |
1. Child labor continues to climb
correct |
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True or False: Corporate social responsibility includes organizational actions that go beyond the requirements of the law and the direct interests of the firm.
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True
correct |
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Which of the following is the most urgent need of developing countries?
Accelerated industrialization Malnutrition and disease control Enhanced college education Institutional reform |
Malnutrition and disease control
correct |
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Corporate governance:
1. Can be defined as the actions of a firm to benefit society beyond the requirements of the law and the direct interests of the firm 2. Seeks to serve society's interests by focusing on social, political and economic issues such as poverty, social justice, education, health and the environment 3. Can be defined as the system by which business corporations are directed and controlled 4. Can be defined as the development that meets humanity's needs without harming future generations |
3. Can be defined as the system by which business corporations are directed and controlled
correct |
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The issue of relatively low wages paid by subcontractors to workers in ______ made headlines in 2010 after a series of suicides by factory workers.
Vietnam Malaysia Mexico China |
China
correct |
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Which of the following constitutes an ambitious agenda to significantly improve the human condition by 2015?
Human Right Act 1993 The eight Millennium Development Goals Foreign Corrupt Practices Act NAFTA |
The Eight Millennium Development Goals
correct |
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The elimination of discrimination with respect to employment and occupation is a principle of the Global Compact which applies to:
Human rights Labor Environment Anticorruption |
Labor
correct |
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The transfer of the labor force overseas creates
1. An interesting dynamic in the scope of ethics and corporate responsibility 2. A general ambiance of nondiscriminatory practices 3. An ideal environment for women to work in 4. Equal employment opportunities for both men and women |
1. An interesting dynamic in the scope of ethics and corporate responsibility
correct |
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The _____ specifies the distribution of rights and responsibilities among different participants in the corporation and spells out the rules and procedures for making decisions on corporate affairs.
Corporate governance structure Nongovernmental organizations Foreign Corrupt Practices Act Rainforest Action Network |
Corporate governance structure
correct |
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According to the text, one violation of human rights that resonated with MNCs and made them question whether to move operations into China was:
1. The imposition of restrictions on religious practice by foreigners in China in January 1994 2. The violent June 1989 crackdown on student protesters in Beijing's Tiananmen Square 3. The dramatic increase in the use of death penalty in China 4. The open discrimination against women in China since 1979 |
2. The violent June 1989 crackdown on student protesters in Beijing's Tiananmen Square
correct |
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Buildings and art are considered to be the _____ of a culture.
Explicit artifacts and product Norms and values Formal values Basic assumptions that govern behavior |
Explicit artifacts and product
correct |
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If cultural norms do not give employees bonuses or commissions as a form of recognition, it means that the culture:
Encourages stability Is informal Is high on organizational loyalty Frowns upon individual rewards |
Frowns upon individual rewards
correct |
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All of the following are accurate descriptions of the main characteristics of culture except:
1. Culture is inherited or biologically based; it is not acquired by learning and experience 2. People as members of a group, organization or society share culture; it is not specific to a single individual 3. Culture is cumulative, passed down from one generation to the next 4. Culture is based on the human capacity to symbolize or use one thing to represent another |
1. Culture is inherited or biologically based; it is not acquired by learning and experience
correct |
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Which of the following is an accurate values profile of successful Japanese managers?
1. Highly pragmatic, highly individualistic and strong achievement and competence orientation 2. Highly pragmatic, strong emphasis on size and growth and high value on competence and achievement 3. Highly pragmatic high achievement and competence orientation, an emphasis on profit maximization, organizational efficiency and high productivity 4. High moral orientation, high humanistic orientation and low value on achievement, success, competition and risk |
2. Highly pragmatic, strong emphasis on size and growth and high value on competence and achievement
correct |
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According to Hofstede, countries with a high _____ index, place great importance on earnings, recognition, advancement and challenge.
Power distance Masculinity Uncertainty avoidance Individualism |
Masculinity
correct |
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A(n) _____ culture is one in which emotions are held in check.
Emotional Buoyant Neutral Specific |
Neutral
correct |
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Societal collectivism refers to the degree to which:
1. Individuals express pride, loyalty and cohesiveness in their organizations or families 2. Individuals in organizations or societies encourage and reward individuals for being fair 3. Organizational and societal institutional practices encourage and reward collective distribution of resources and collective action 4. Individuals in organizations or societies are confrontational |
3. Organizational and societal institutional practices encourage and reward collective distribution of resources and collective action
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A(n) _____ culture is one in which status is attributed based on who or what a person is.
Diffuse Ascription Specific Achievement |
Ascription
correct |
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According to Trompenaars, _____ refers to people regarding themselves as individuals, while _____ refers to people regarding themselves as part of a group.
Individualism; communitarianism Individualism; specificism Universalism; particularism Communitarianism; universalism |
Individualism; communitarianism
correct |
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Culturally, a German can be expected to have a _____ handshake.
Gentle Light and quick Brusk and firm Long and involved |
Brusk and firm
correct |
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According to a cross-cultural study of differences in work values, _____ managers place a high value on the tactful acquisition of influence and regard for others.
Chinese German French U.S |
US
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_____ is "the extent to which people feel threatened by ambiguous situations and have created beliefs and institutions that try to avoid these".
Power distance Uncertainty avoidance Individualism versus collectivism Masculinity versus femininity |
Uncertainty avoidance
correct |
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A(n) _____ culture is one in which both public and private space are similar in size and individuals guard their public space carefully, because entry into public space affords entry into private space as well.
Diffuse Neutral Emotional Specific |
Diffuse
correct |
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True or False: Power distance is "the extent to which less powerful members of institutions and organizations accept that power is distributed unequally".
|
True
correct |
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Countries in which people blindly obey the orders of their superiors have a high:
Uncertainty avoidance Masculinity index Power distance Individualism index |
Power distance
correct |
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According to the text, the highest cultural priority (or value) in Japan is considered as:
Cooperation Individualism Family security Belonging |
Belonging
correct |
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Cultures with a low masculinity place great importance on conservation of the environment and tend to favor:
Third world countries Less developed countries Underdeveloped countries Small-scale enterprises |
Small-scale enterprises
correct |
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According to Dutch researcher Geert Hofstede, there are four dimensions of culture. These are:
1. Power distance, uncertainty avoidance, individualism and masculinity 2. Tolerance, group orientation, aggressiveness and forwardness 3. Group orientation, uncertainty avoidance, aggressiveness and masculinity 4. Tolerance, power distance, individualism and aggressiveness |
1. Power distance, uncertainty avoidance, individualism and masculinity
correct |
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In _____, one's social class is very important and these classes include the aristocracy, the upper bourgeoisie, the upper-middle bourgeoisie, the middle, the lower middle and the lower.
India Great Britain France The United States |
France
correct |
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True or False: A company with a geocentric predisposition allows the values and interests of the parent company to guide the strategic decisions.
|
False
Correct |
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When doing business in India, all of the following behaviors are appropriate except:
1. Being "fashionably late" for meetings 2. Avoiding personal questions unless the other individual is a friend or close associate 3. Addressing doctors or professors in accordance with their titles 4. Refraining from public displays of affection |
1. Being "fashionably late" for meetings
correct |
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Which of the following does not pertain to similarities in managerial activities in the United States and Korea?
1. As organizational size increased, commitment proportionally increased 2. As structure became more employee-focused, commitment increased 3. The more positive the perceptions of organizational climate, the greater the employee commitment 4. As in the U.S. studies, Korean employees' position in the hierarchy, tenure in their current position and age all related to organizational commitment |
1. As organizational size increased, commitment proportionally increased
correct |
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In practice, guanxi resembles:
Nepotism Individualism Commercialism Parochialism |
Nepotism
correct |
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Experienced travelers report that the primary criterion for doing business in China is:
Persuasive top management Savvy marketing Technical competence Hard currency |
Technical competence
correct |
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An important cultural contrast between Arabs and Americans is that of emotion and logic. Arabs often act based on _____; in contrast, those in an Anglo culture are taught to act on _____.
Answer Emotion; logic Logic; emotion Reasoning; empathy Aptitude; excitement |
Emotion; logic
correct |
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Which of the following selections accurately reflects recruitment and selection processes in Mexico?
1. Recent public policy shifts encourage use of sophisticated selection procedures 2. Use of expatriates sparingly; recruit home country nationals at U.S. colleges 3. Obtain skilled labor from government subsidized apprenticeship program 4. Prepare for a long process; ensure that your firm is "here to stay"; and develop trusting relationship with recruits |
2. Use of expatriates sparingly; recruit home country nationals at U.S. colleges
correct |
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Which of the following selections accurately reflects compensation practices in China?
1. Use technical training as reward; recognize egalitarian values; and use "more work more pay" with caution 2. Consider all aspects of labor costs 3. Note high labor costs for manufacturing 4. Use recognition and praise as motivator; avoid pay for performance |
1. Use technical training as reward; recognize egalitarian values; and use "more work more pay" with caution
correct |
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Which of the following countries prefer advertising that is factual and rational?
Answer India China Germany France |
Germany
correct |
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Advertising in _____ is predominantly emotional, dramatic and symbolic.
Answer Japan China Germany France |
France
correct |
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_____ is the tendency to view the world through one's own eyes and perspectives.
Answer Parochialism Symbolism Nationalism Simplification |
Parochialism
correct |
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All of the following are characteristics of low-context cultures except:
1. Authority is diffused throughout the bureaucratic system and personal responsibility is hard to pin down 2. Insiders and outsiders are easily distinguishable and outsiders typically do not gain entrance to the inner group 3. Agreements tend to be in writing rather than spoken 4. Deep personal involvement with others is not valued greatly |
2. Insiders and outsiders are easily distinguishable and outsiders typically do not gain entrance to the inner group
correct |
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True or False: Simplification is the process of exhibiting the same orientation toward different cultural groups.
|
True
correct |
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A company with a(n) _____ predisposition allows the values and interests of the parent company to guide the strategic decisions.
Answer Polycentric Geocentric Ethnocentric Regiocentric |
Ethnocentric
correct |
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Research reveals that far from addressing regional differentiation issues, many MNCs are committed to a(n) _____, which is a belief that one worldwide approach to doing business is the key to both efficiency and effectiveness.
Answer International complacency Globalization imperative Worldwide indifference Cross-cultural contentment |
Globalization imperative
correct |
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____ can be a difficult problem for many international managers, who often come from advanced economies and believe that their state-of-the-art knowledge is more than adequate to handle the challenges of doing business in less developed countries.
Answer Nationalism Ethnocentrism Parochialism Symbolism |
Parochialism
correct |
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The benefits or advantages of culturally diverse groups include the following except:
Enhanced creativity Improved decision-making Increased effectiveness of organization performance Glass-ceiling protection |
Glass-ceiling protection
correct |
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According to Adler, the primary orientation of a global firm is:
Answer Strategy Price Market Product or service |
Strategy
correct |
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_____ culture is characterized by a strong emphasis on the hierarchy and orientation to the person.
Answer Family Eiffel Tower Incubator Guided missile |
Family
correct |
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The _____ organizational culture is oriented to work, which typically is undertaken by teams or project groups.
Answer Family Incubator Guided missile Eiffel Tower |
Guided Missile
correct |
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The following are the steps outlined by Numeroff and Abrahams used during mergers and acquisitions except:
1. Establishing the purpose, goal and focus of the merger 2. Developing mechanisms to identify the least important organizational structures and management roles 3. Determining who has authority over the resources needed for getting things done 4. Identifying the expectations of all involved parties and facilitate communication |
2. Developing mechanisms to identify the least important organizational structures and management roles
correct |
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A _____ group is a group in which all members but one have the same background, such as a group of Japanese retailers and a British attorney.
Answer Token Multicultural Bicultural Homogeneous |
Token
correct |
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When _____ occurs, group participants believe that their ideas and actions are correct and that those who disagree with them are either uninformed or deliberately trying to sabotage their efforts.
Answer Group cognitive inertia Group reverse vigilance Groupthink Static decision-making |
Groupthink
correct |
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True or False: A disadvantage of diversity is that it often leads to groupthink, which is social conformity and pressures on individual members of a group to conform and reach consensus.
|
False
correct |
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In the _____ stage of group development, attention may be directed more toward describing and analyzing the problem or task that has been assigned.
Answer Entry Work Action Reflection |
Action
correct |
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_____ culture is characterized by a strong emphasis on the hierarchy and orientation to the task.
Answer Incubator Family Guided missile Eiffel Tower |
Eiffel Tower
correct |
