Intl Bus Final Ch 1-2

Which of the following terms is used to refer to habits or ways of behaving in specific circumstances that are passed down through generations?

Customs

Critics of globalization argue that it eliminates jobs in developing nations

False

Literacy tests offer a reliable basis on which one nation's educational level can be compared with another

False

The power of the General Agreement on Tariffs and Trade (GATT) to settle trade disputes is what sets it apart from the World Trade Organization (WTO)

False

________ is defined as the dispersal of production activities to locations that help a company achieve its cost-minimization or quality-maximization objectives for a good or service

Globalization of production

The value of all goods and services produced by a country's domestic and international activities over a one-year period is the country's ________

Gross National Product (GNP)

According to Hofstede's framework, a culture with large power distance tends to be characterized by ________

Inequality between superiors and subordinates

Which of the following was created to regulate fixed exchange rates and enforce the rules of the International monetary system

International Monetary Fund

________ place limits on the quantity of a product being imported

Nontariff barriers

Which of the following statements is true of developing countries that have embraced globalization?

The countries have experienced an increase in life expectancy

A nation's cultural boundaries do not always correspond with its political boundaries

True

Businesspeople measure material culture to determine whether a market can support production activities

True

Extranets give distributors and suppliers access to a company's database to place orders or restock inventories electronically

True

Nations that invest in worker training programs are usually rewarded with an increase in productivity and a rise in income

True

Pro-globalization economists believe globalization increases wealth in both developed and developing nations

True

Resistance to worldwide trade agreements has resulted in some nations placing greater emphasis on regional pacts

True

The World Trade Organization's dispute settlement system has the ability to penalize offending nations

True

When going global with an Internet presence, it is highly beneficial for a business to localize its Web site

True

The ________ is an agency created to provide financing for national economic development efforts

World Bank

Which of the following terms is used to refer to widespread job turnover throughout an economy?

churning

As former competitors in many industries link up to challenge others on a worldwide basis, ________ occurs

consolidation

Surveys conducted by a group of sociologists show that French children display more familiarity with the superheroes of Hollywood movies than with the heroes of their traditional folklore. The French Government can use this fact to prove the effect of ________ within their country

cultural imperialism

________ refers to the replacement of one culture's traditions, folk heroes, and artifacts with equivalents from another

cultural imperialism

As a result of globalization, Argonia finds that its national borders are becoming less relevant. This indicates that Argonia is undergoing ________

denationalization

An established consumer market that primarily comprises the middle class and possesses efficient infrastructure is characteristic of ________ markets

developed

Globalization tends to foster two important values, tolerance and ________

diversity

Opponents argue that globalization ________

eliminates manufacturing jobs in developed nations

To minimize the economic inequality within developing nations, studies suggest that the nations can boost incomes of their poorest citizens by ________

embracing globalization and integrating themselves into the global economy

A culture with small power distance tends to be characterized by considerable inequality between superiors and subordinates

false

According to Hofstede's framework, cultures scoring high on the dimension of ________ generally have more relaxed lifestyles in which people are more concerned about caring for others as opposed to material gain

feminity

Reverse brain drain is the process by which ________

former communist nations lure professionals back to their homeland

Supporters affirm that globalization ________

increases wealth and efficiency in all countries

Andy comes from a culture that emphasizes hard work and promotes the entrepreneurial spirit within individuals. While he and his coworkers are encouraged to achieve their personal goals, they are also held responsible for their actions. According to Hofstede's framework, which of the following dimensions does this culture illustrate?

individualism

The global business environment consists of four distinct elements: the forces of globalization, national business environments, the international business environment, and ________

international firm management

According to Hofstede's framework, a culture with ________ values security and places its faith in strong systems of rules and procedures in society

large uncertainty avoidance

According to Hofstede's framework, a culture that scores low on ________ can change more rapidly because tradition and commitment are not impediments to change

long term orientation

According to Hofstede's framework, a culture that scores low on ________ is characterized by individual stability and reputation, fulfilling social obligations, and reciprocation of greetings and gifts

long term orientation

Trade unions claim that by permitting international firms to continually move to nations with ________, globalization reduces labor's bargaining power and forces overall labor standards lower

lower labor standards

According to the opponents of globalization, which of the following occurs as a result of worker dislocation brought about by globalization?

lower workers' wages in developed nations

Each ________ is composed of unique cultural, political, legal, and economic characteristics that define business activity within that nation's borders

national business environment

A caste system is a system of social stratification in which ________

people are born in a social ranking, with no opportunity for social mobility

According to Hofstede's framework, organizations which have cultures that score high on ________ tend to be more hierarchical, with power deriving from prestige, force, and inheritance

power distance

The purpose of the General Agreement on Tariffs and Trade (GATT) was to ________

promote free trade

Some nations encourage ________ because of recent resistance to worldwide trade agreements

regional pacts

________ facilitate(s) the process of cultural imperialism

relaxed trade and investment barriers

The three main goals of the World Trade Organization (WTO) are to help the free flow of trade, help negotiate the further opening of markets, and ________

settle trade disputes between its members

Which of the following is defined as a group of people who share a unique way of life within a larger, dominant culture?

subculture

Development that meets the needs of the present without compromising the ability of future generations to meet their own needs indicates ________

sustainability

A class system is a system of social stratification in which ________

the position a person has by birth can be changed through his or her own achievements or luck

Which of the following statements is true of attitudes?

they are learned from role models

The population of a(n) ________ market is mostly rural and is characterized by poor infrastructure with little credit or collateral

traditional

Cultures isolated by topographical barriers are characterized by slower cultural change

true

Low levels of class consciousness encourage social mobility and lessen conflict

true

Which of the following terms is used to refer to the ideas, beliefs, and customs to which people are emotionally attached?

values