MAN3600: Chapter 5, BUSA 3000 Ch 2 ( part 1), Marketing: International Business Chapters 1-4

Converging lifestyles and preferences worldwide help to promote traditional values in individual countries. a. true b. false

False

The Internet has increased the cost of transmitting voices, data, and images.

False

Firms are sometimes motivated to enter new markets because of unfavorable conditions in the home market, such as regulation or declining local industry sales.

True

The initial phase of globalization was triggered in part by the introduction of the railroad. a. True b. False

True

Widespread corruption hinders economic development

True

In countries with questionable ethical norms, it is usually ill-advised to maintain ethical standards superior to what is required by local laws and values.

False

In helping identify ethical problems, the firm's code of conduct should be tailored to match the norms of each individual region from which the firm operates

False

In helping identify ethical problems, the firm's code of conduct should be tailored to match the norms of each individual region from which the firm operates.

False

Industrialization implies that emerging market countries are increasing their dependence on low-cost labor. a. true b. false

False

Intellectual property rights law enacted in one country are enforceable worldwide

False

Intellectual property rights law enacted in one country are enforceable worldwide.

False

Japan and China are examples of low-context cultures.

False

Large multinationals are not constrained by market forces because they can exert considerable influence on governments through lobbying.

False

Managers with an ethnocentric view of the world are generally better at understanding and dealing with similarities and differences among cultures.

False

Nationalization refers to the gradual integration and growing interdependence of national economies.

False

Scholars examining ethics from the perspective of relativism hold that ethical truths are absolute

False

Standards of ethical behavior are uniform worldwide

False

Standards of ethical behavior are uniform worldwide.

False

The Great Depression marked the beginning of the second phase of globalization. a. True b. False

False

The end of the Cold War in 1989 hindered the forces of market liberalization in Eastern Europe. a. true b. false

False

The five approaches to analyzing ethical problems rarely conflict with each other.

False

CSR improves employee perceptions of a company, which in turn enhances their loyalty and focus on company goals

True

Company logos, trademarks, national flags, and historical monuments are considered symbolic productions.

True

The globalization of markets refers to the growing independence and self-sufficiency of countries worldwide.

False

The rate of speed at which nations integrate into the global economy is relatively consistent, regardless of income level. a. true b. false

False

The utilitarian approach is based on the belief that, regardless of how one deals with an ethical dilemma, human dignity must be preserved.

False

Corporate codes of conduct emphasize standards related to ethics and social responsibilities.

True

Corporate social responsibility represents the apex of the pyramid of ethical behavior.

True

Countries that liberalize international trade and investment enjoy faster per-capita economic growth.

True

Cross-cultural proficiency is characterized by four key personality traits: tolerance for ambiguity, perceptiveness, valuing personal relationships, and flexibility and adaptability.

True

Cultural differences necessitate adapting marketing activities to suit the specific needs of target markets.

True

Cultural intelligence focuses on specific capabilities important for high-quality personal relationships and effectiveness in culturally diverse settings and work groups.

True

Cultural values and attitudes can be transmitted through a variety of sources including parents, teachers, friends, government leaders, movies, television, and the Internet.

True

Ethical behavior is critical to business success

True

Ethical behavior is essential for business success.

True

Ethics and appropriate behavior transcend all international business activities and figure prominently in management decisions about financial performance and competitive advantage

True

Ethnocentric assumptions lead to poor business strategies in both planning and execution.

True

Failure to adopt CSR behaviors can have high detrimental effects on a company

True

Firms that pursue internationalization as a strategic move tend to approach global competition more aggressively than do firms that internationalize for reactive reasons. a. true b. false

True

For manufacturing companies, on a per-unit-of-output basis, high volumes of production are correlated with lower per-unit cost.

True

Globalization has led buyers to become more demanding and to shop for the best value worldwide. a. true b. false

True

Globalization of production activities and services is a dimension of market globalization.

True

Globalization results in more demanding buyers who shop for the best deals worldwide.

True

Grease payments intended to expedite transactions are both accepted and legal in many countries

True

Grease payments intended to expedite transactions are both accepted and legal in many countries.

True

In China and Japan, a person's age is the most important determinant of employee promotion.

True

In advanced regional economic integration blocs such as the "common market," barriers are removed to the cross-border flow of factors of production. a. true b. false

True

In collectivist societies, competition for resources is the norm, and those who compete best are rewarded financially.

True

In cultures with a monochronic view of time, people view time as linear, managers make commitments, set deadlines, and adhere to a strict schedule of meetings and activities.

True

In deal-oriented cultures, managers focus on the task at hand and prefer getting down to business.

True

One contribution of the World Trade Organization is to help maintain reduced trade barriers throughout the world. a. True b. False

True

One method used by global companies to drive down prices is product standardization. a. true b. false

True

Piracy is equivalent to counterfeiting

True

Technological advances have helped make internationalization affordable for all sizes of firms.

True

Technological advances have helped make internationalization affordable for all sizes of firms. a. true b. false

True

The Global Reporting Initiative pioneered the development of the most widely used sustainability reporting framework.

True

The five approaches to analyzing ethical dilemmas often lead to similar solutions

True

The initial phase of globalization was triggered by the introduction of the railroads and ocean transport.

True

The two primary types of international investment are portfolio investment and foreign direct investment.

True

Upholding the right to join labor unions is an example of CSR values.

True

Acknowledging the presence of an ethical problem is the first step of the framework for arriving at ethical decisions

true

Corporate codes of conducts emphasize standards related to ethics and social responsibilities

true

Corporate social responsibility represents the apex of the pyramid of ethical behavior

true

Evaluation of results is the last step of the framework for arriving at ethical decisions

true

Experienced managers scan operations in each country and potential partners for the possibility of ethical abuses. Such scanning in an ongoing process because company operations and environments evolve continuously

true

Relying on one's instincts is often the best way to identify an ethical problem

true

The Global Reporting Initiative pioneered the development of the most widely used sustainability reporting framework

true

The most advanced companies monitor suppliers to ensure that they use sustainable practices

true

When it comes to ensuring ethical behavior, experienced managers follow a systematic process

true

A corporate culture that advocates profit over sustainability and human welfare cannot lead to employee abuse

False

A firm's decision to internationalize is generally made as a reaction to the phenomenon of market globalization. a. True b. False

False

Advances in communications technologies makes it difficult to deceive consumers in foreign countries .

False

Businesses based in societies characterized by high uncertainty avoidance encourage managers to take risks and make quick decisions.

False

China's consumer market is generally resistant to purchasing technologically advanced products. a. true b. false

False

Easy accessibility of the Internet has led to a perceptible decline in deceptive marketing

False

Ethical behavior represents the base of the pyramid of ethical behavior

False

Firms that do not export tend to create jobs more quickly than do exporting firms.

False

A country's economic assets are also known as factors of production.

True

According to the framework for arriving at ethical decisions, a course of action must be identified as soon s the ethical problem is detected

false

Creating alternatives is the last step of the framework for arriving at ethical decisions

false

Improper ethical behavior is unlikely to result when bad means are justified by good ends

false

In countries with questionable ethical norms, it is usually ill-advised to maintain ethical standards superior to what is required by local laws and values

false

The five approaches to analyzing ethical problems rarely conflict with each other

false

The utilitarian approach is based on the belief that, regardless of how one deals with an ethical dilemma, human dignity must be preserved

false