MKT 310 Exam 2

uncertainty avoidance

Elena has worked at the same company for more than 15 years. She parks in the same parking spot every day and values routine and predictability

Ex: Folkways

Japanese business etiquette, time orientation

Masculine/Femininity

Jiro is extremely driven and assertive. His goal is to become the most powerful man in the company

The global tragedy of the commons

Krisp Systems decides to love production to a developing country where they are free to pump pollutants into the atmosphere without legal restriction. By doing this, the company is contributing to

Demand conditions

Kyra works for a costume jewelry manufacturer and and while their products are lower in cost, there is a high degree of consumer pressure to create the best quality jewelry possible and to constantly innovate with new jewelry designs. Which aspect of porter's diamond does this illustrate?

Listen to your client or customer

One of the most important things an international business person can do to avoid cultural misunderstanding is to:

Mercantilism

The gov. Of the republic of senna enforced tariffs and quotas to limit imported goods, while exports are subsidized. By using these instruments, the government seeks to achieve a surplus in the balance of trade. Based on this information, which approach most influences the republic of Senna's approach to international trade?

What is ethical depends on one's cultural perspective

The practice of "gift giving" between the parties to a business negotiation is considered right and proper in many Asian cultures. However, some westerners view the practice as a form of bribery, and therefore unethical, particularly if the gifts are substantial. This demonstrates that:

Ex: Mores

Use of alcohol, theft

A utilitarian

VW's decision to commit significant financial and R&D resources to electric vehicles can best be described as ______ approach to business ethics

Corporate social responsibility

VW's goal of being the world leader in electric vehicles together with its decision to devote large resources to the effort signals

Righteous moralism

What philosophical approach is typically associated with managers from developed nations, and claims that a multinational's home country standards of ethics are the appropriate ones for companies to follow in foreign countries?

Moral courage

When an employee says no to a supervisor because what he or she was asked to do was unethical, it exhibits the employees

Companies can capitalize on economies of scale in production

Which is true of free trade blocs like the EU?

The EU believed that free trade is a positive-sum gaun

Why is the EU interested in forming a free trade agreement with Japan?

Demonstrating its commitment to pursuing a sustainable strategy

With its goal of offering a complete line of electric cars beginning in 2020. VW is

High degree of managerial mobility between companies

Within the context of the individual as the basic unity of a social organization, what is an implication of the emphasis on individualism in many western societies

Theory of Absolute Advantage

Yeh republic of Monaslu has the worlds most efficient car manufacturing industry, while the country of ignora has the worlds most efficient electronics industry. The republic of monaslu trades cars with ignora in exchange for consumer electronics. This form of trade between the two countries illustrates:

Being able to understand the perspective of a receiver of a message

According to the video, which would be the most beneficial quality for an international business manager

Individualism/Collectivism

Ben has very loose ties with his family and enjoys wearing provocative T-Shirts to express a sense of freedoms and uniqueness. He shows no interest in joining the family business

Time Orientation

Bill works very hard in his job, and expects to see the rewards of his labor quickly

Ex: Values

Freedom, role of women

high uncertainty avoidance

In the republic of navy, natives are resistant to change and do not like to take risks. They value job security and retirement benefits. In addition, they have a strong need for rules and regulations. Based on this information which cultural dimension is demonstrated?

The misunderstandings that occur when people in different countries interpret a message differently than was intended

In the video, the phrase "lost in translation" refers to

Power Distance

Ming is from a powerful family, and because of this she will be in an authoritative position in the workplace

Speed money

SolarCorp. Won the bid to build an energy facility for a host country gov. However, the execution of the contract has been delayed due to the bureaucratic procedures in the less developed nation. In order to legally overcome this problem, solarcorp. Could resort to the payment of

Cultural misunderstandings occur even when everyone is working toward the same goal

Suppose a Japanese company has branch offices in Spain where Spanish is spoken at work, and France where French is spoken at work. Which is true?

Free trade funds the economic welfare of EU member countries and helps attract foreign investments

The EU supports rules-based trade. Why?