chapter 4
________ is the group of 21 Pacific Rim countries whose purpose is to improve economic and political ties, and to reduce tariffs and other trade barriers across the region. A) PEC B) EU C) APEC D) CAFTA
C) APEC
________ is prevented by quotas. A) Outsourcing B) Tariffs C) Exporting D) Dumping
D) Dumping
is another word for ethnocentrism. A) Geocentrism B) Ecocentrism C) Parochialism D) Open-mindedness
Parochialism
When thinking about interpersonal space, which country has the smallest average social distance? A) Germany B) United States C) India D) China
B) United States
According to the findings of the GLOBE project, which country would be considered most assertive? A) United States B) Greece C) Germany D) Spain
C) Germany
Revenue tariffs, such as a tax on oil, are ________ ; while protective tariffs, such as taxes on solar panels, are ________. A) designed simply to raise money for the government; used to set the import quota B) used to set the import quota; prohibit trade of one country with another C) intended to export products at a lower price than in the home market; prohibit trade on certain types of products, services, or technology D) designed simply to raise money for the government; designed to raise the price of imported goods to make domestic goods more competitive
) designed simply to raise money for the government; designed to raise the price of imported goods to make domestic goods more competitive
Based on the facts in the Management in Action case, if European countries, such as France and Germany, want to create a trade barrier with Huawei, what trading bloc could they utilize? A) European Union (EU) B) United States-Mexico-Canada Agreement (USMCA) C) North American Free Trade Agreement (NAFTA) D) Asia-Pacific Economic Cooperation (APEC)
A) European Union (EU)
is a government's seizure of a domestic or foreign company's assets. A) Expropriation B) Diversification C) Nationalization D) An embargo
A) Expropriation
Which of these describes the positive effects of a global economy? A) Innovation and economies of scale allow services and products to be created more quickly and cheaply. B) Small companies have more difficulty getting started and adapting. C) Global interdependencies are not risky. D) Global economies benefit small businesses, but prevent megafirms from being competitive.
A) Innovation and economies of scale allow services and products to be created more quickly and cheaply.
Jillian will be relocating to Singapore six months from now. Although many people speak English, what would be a good use of her time in the next six months? A) Learn the local language. B) Teach a native how to speak English. C) Employ a translator. D) Rely on the goodwill and knowledge of others.
A) Learn the local language.
Based on the text, many companies are interested in expanding globally in order to A) gain access to supplies, new markets, and lower labor costs. B) gain access to natural resources, new markets, and a diverse workforce. C) implement tariffs and import quotas. D) utilize export embargoes to increase business.
A) gain access to supplies, new markets, and lower labor costs.
In November 2019, the World Bank announced a global initiative to reduce ________ by half by 2030. A) learning poverty B) carbon emissions C) outsourcing D) food insecurity
A) learning poverty
Fresh Toppings is based in Sacramento, California and has restaurants in 25 countries. In the United States, Fresh Toppings would be viewed as which of the following? A) multinational corporation B) conglomerate C) multinational organization D) foreign firm
A) multinational corporation
A nation's culture is A) the shared set of beliefs, values, knowledge, and patterns of behavior common to its people. B) synonymous with its religious beliefs. C) a shared set of business traditions common to the nation. D) embedded in its laws that are accepted as moral imperatives by most of the citizens.
A) the shared set of beliefs, values, knowledge, and patterns of behavior common to its people.
ASEAN is a(n) A) trading bloc consisting of 10 countries in Asia. B) association of American and Southeast Asian nations. C) trading bloc consisting of 10 countries along the Atlantic Ocean. D) worldwide banking association.
A) trading bloc consisting of 10 countries in Asia.
The World Bank A) monitors and enforces trade agreements. B) provides low-interest loans to developing nations for improvements. C) facilitates banking operations for multinational organizations. D) assists in smoothing the flow of money between nations.
B) provides low-interest loans to developing nations for improvements.
Which of the following is NOT one of the BRICS countries? A) Brazil B) Russia C) Indonesia D) South Africa
C) Indonesia
During the Cold War, the United States had a(n) ________ with anyone importing Cuban cigars and sugar. A) tariff B) limit agreement C) export ban D) embargo
embargo
A greenfield venture is a strategic alliance with individuals and organizations in developing nations; the venture's goals are to assist, educate, and share the risks and rewards of starting a new nonprofit organization in the developing country. ⊚ true ⊚ false
false
In 2018, the world's top exporting nation was the United States. ⊚ true ⊚ false
false
An import quota is a(n) ________ that limits ________. A) trade barrier; the numbers of a product that can be imported B) sanction; certain types of products, services, or technologies from being imported C) export fee; one country from trading with another D) type of dumping; the sales of products in foreign markets
A) trade barrier; the numbers of a product that can be imported
Which of the following statements is FALSE? A) The World Economic Forum ranked the United States as the most competitive economy in 2019. B) Global trade has helped lift millions of Brazilians out of poverty. C) Foreign work experience signals career readiness and cross-cultural awareness. D) In some industries, foreign firms are building plants in the United States, which has revitalized some industrial sectors.
A) The World Economic Forum ranked the United States as the most competitive economy in 2019.
To increase your ________ awareness, you should ask yourself "What do you need to know or understand better?" A) contextual B) religious C) linguistic D) temporal
A) contextual
Lillian moved from Iowa to New Zealand for work. Within a couple weeks, Lillian noticed that she needed much more sleep and was persistently feeling uncomfortable and disoriented because she was experiencing A) culture shock. B) ethnocentrism. C) reverse assimilation. D) gender inequality.
A) culture shock.
There are many positive effects to globalization, but which of the following would be a negative effect? A) data sharing B) cultural intermingling C) speedy transportation D) cheaper products
A) data sharing
Pineapple Whip, a company that makes an ice cream-like treat using pineapple, sells its branding, production techniques, and proprietary flavors to other companies for a fee and a share of the profits. Pineapple Whip is engaged in A) franchising. B) importing. C) offshoring. D) countertrading.
A) franchising.
Dimas works for a company that highly values performance-oriented traits, such as achieving a certain level of sales and increasing market share by a certain percentage. In analyzing this aspect of Dimas's employer, Geert Hofstede would examine the ________ dimension. A) individualism/collectivism B) masculinity/femininity C) power distance D) assertiveness
B) masculinity/femininity
Malik and his fiancée Myra decided to have their wedding on a beach in Cabo San Lucas, Mexico. Local businesses provided most of the services for the wedding, such as the limousine and the catering services. Throughout the weekend of the wedding, the couple found that workers and limos arrived late; so did the priest who was performing the wedding. In response to the couple's frustration, the Mexican workers remarked, "Ustedes tienen que ser flexibles," which in English means "You have to be flexible with time." This attitude regarding time is A) inflexible. B) polychronic. C) cultural. D) one-dimensional.
B) polychronic.
During global culture training for a group of employees who are being transferred to Egypt, Celina, the HR training manager, remarked, "In the Arab world, men often hold hands, which is meant to express ________." A) the acceptance of a business deal B) solidarity and friendship C) the acceptance of a future son-in-law into the family D) interpersonal dominance
B) solidarity and friendship
Prior to 1990, the United States imposed a tax, known as a(n) ________, on automobiles imported from Mexico. A) licensing fee B) tariff C) embargo D) import quota
B) tariff
Randy has established a successful fast-food restaurant chain named Randy's in the United States. He currently has 12 locations across three states. He'd like to expand his brand to Asia, but does not have the capital to do so. He's also wary of the risk of failure, especially because he is not very familiar with business in Asia. If you were consulting Randy, what route would you advise against? A) exporting prepackaged food highlighting his brand B) licensing the sale of select food products in some Asian fast-food establishments C) opening a wholly owned, 13th Randy's location in Shanghai, China D) allowing a Japanese company to open a Randy's location in Tokyo as long as it provides Randy with a fee and a share of profits
C) opening a wholly owned, 13th Randy's location in Shanghai, China
Antonella, the vice president of operations for an international organization, believes that employees in her foreign offices best understand how to handle the personnel and practices in their offices. So when the corporate HR manager approached Antonella about reprimanding Francois, a native Parisian who is the Paris office manager, for not doing things according to corporate policy, Antonella backed Francois and said, "I believe that the home office should leave Francois alone because he best understands the local culture." Antonella is a(n) ________ manager. A) ethnocentric B) native C) polycentric D) parochial
C) polycentric
Qatar earned the rank of first place in terms of gross domestic product because it A) ignored the rise of the global village. B) embraced the idea of many national markets. C) took advantage of the world becoming one market. D) did not showcase themselves allowing them to rise without notice.
C) took advantage of the world becoming one market.
Airbus Inc., a company that builds airplanes, typically orders parts for its airplanes from other companies. ________ is the practice Airbus Inc. is using. A) Countertrading B) Bartering C) Trading D) Outsourcing
D) Outsourcing
Mariam, a teacher, is interested in helping children in other countries learn how to read. She has formed an international nonprofit organization, Read to the World, whose employees travel to South America to donate books and work in schools as tutors. Read to the World is an example of a multinational corporation. ⊚ true ⊚ false
FAlse
Over the last two years, an American clothing company has partnered with a manufacturer in China to make clothes at a cheaper cost. How is this mutually beneficial? A) It is a strategic alliance in which two countries share the risks and rewards of starting a new enterprise together in a foreign country. B) It is a wholly owned subsidiary in which a foreign subsidiary is totally owned and controlled by an organization. C) It is a greenfield venture in which owning the organization has been built from scratch. D) It is an example of a franchise in which a company allows a foreign company to pay it a fee and a share of the profit in return for using the first company's brand name and a package of materials and services.
It is a strategic alliance in which two countries share the risks and rewards of starting a new enterprise together in a foreign country.
While in Germany, Natalia was able to communicate important information to Kevin, her business partner, by updating a shared document from her mobile device. Later that day, Kevin texted Natalia about how helpful it was that she was able to work on the document while she was traveling in Europe. The "global village" refers to this "shrinking" of time and space as air travel and the electronic media have made it easier for people around the globe to communicate with one another. ⊚ true ⊚ false
True
As the owner of a small business, Esma would like to move the sale of her candles from storefronts to the Internet. She can readily make this move for her business because technological advances allow A) large companies to thrive while causing small companies to struggle to get started and move slower. B) almost anyone to be global, with two varying results: Small companies can get started more easily but move slower. C) almost anyone to be global, with two important results: Small companies can get started more easily and can maneuver faster. D) small companies to maneuver faster, but still struggle to get started.
almost anyone to be global, with two important results: Small companies can get started more easily and can maneuver faster.
Darius, a manager at the Tokyo, Japan, store of an American-owned clothing company, understands the differences and similarities between American and Japanese customers, customs, culture, and practices. As a result, Darius uses his understanding of Japanese culture, tastes, and business practices to help him market his products to Japanese customers and he uses his understanding of American culture to sell his products to Americans who are visiting Japan. Darius is an example of a geocentric manager. ⊚ true ⊚ false
true
Rita works for the State Department and is being sent to the U.S. Embassy in Paris, France to work on a project for at least the next year. In preparation for her move to France, Rita she wants to take some basic steps to become more knowledgeable of the French language and culture. What advice would you give her? A) Do several of these: watch French films, try French food, follow French news, learn about French traditions. B) Travel to France and observe individuals in Paris. This would be a separate trip before you leave for work. C) Ensure you have learned French before arriving in Paris. This means you may have to take formal lessons, and quickly. D) Apply for an internship at the French Embassy in Washington, DC.
A) Do several of these: watch French films, try French food, follow French news, learn about French traditions
Ahava, who is from the Mediterranean coast of Greece, owns a movie theater in the United States. On a recent visit, you observed Ahava helping one customer purchase a ticket, another locate the restrooms, as well as mopping up a spill and starting a new batch of popcorn. How would you describe Ahava's outlook on time? A) polychronic B) monochronic C) cultural D) systematic
A) polychronic
To protect its domestic automotive industry, the United States enacts a(n) ________ by taxing imported automobiles to make the price of U.S.-produced cars more competitive; while also enacting a(n) ________ by taxing imported oil for the purpose of raising money for the U.S. government. A) protective tariff; revenue tariff B) revenue tariff; embargo C) import quota; protective tariff D) sanction; import quota
A) protective tariff; revenue tariff
Bahari owns an international grocery store in New York. He has benefited highly from the trading bloc that allows him to purchase food products from Central American nations at a nice discount. With many of his customers from Costa Rica, the Dominican Republic, and Guatemala, he is particularly grateful for ________, a trading bloc. A) APEC B) CAFTA-DR C) NAFTA/USMCA D) EU
B) CAFTA-DR
A 2019 study by the ________ found that the world needs a massive carbon tax in the next ten years to limit climate change. The tax would be $75 per ton by 2030. A) World Bank B) International Monetary Fund C) World Trade Organization D) European Union
B) International Monetary Fund
Several companies in the EU were importing safety footwear from Argentina. Specifically, thousands of pairs of steel-toed boots were being imported for end use by workers in hazardous industries, such as mining, construction, and manufacturing. The EU became concerned that the steel inside the footwear was not of the agreed upon quality and so it called upon the ________ to monitor and enforce the trade agreement. A) Trans-Pacific Partnership B) World Trade Organization C) World Bank D) GLOBE Project
B) World Trade Organization
A company is licensing its products when it A) allows another company to pay it a fee to train its employees. B) allows a foreign company to pay it a fee to make or distribute the first company's product or service. C) pays a competitor a fee to stop the competitor from selling its products in the company's territory. D) develops a strategic plan for another organization.
B) allows a foreign company to pay it a fee to make or distribute the first company's product or service.
A major U.S.-based commercial construction firm has established operations in Belize. Wyatt has been managing the Belizean operations for several months, and is perplexed as to why the workers arrive late, take long lunches, and leave early on Wednesdays. He begins requiring employees to punch in and out on a time clock. Wyatt's decision to utilize a time clock, something common in U.S. workplaces, may signal that he is a(n) ________ manager. A) geocentric B) ethnocentric C) open-minded D) polycentric
B) ethnocentric
When planning a trip to Spain, Brett and his wife, both Americans, were concerned about how much they could afford to spend in Europe because sometimes the U.S. dollar will buy more goods and sometimes it will buy less, based on changing economic conditions. The ________ rate is the rate at which the currency of one area or country can be exchanged for the currency of another's. A) dividend B) exchange C) transaction D) international
B) exchange
During its membership in NAFTA, the United States A) lost many high-skilled jobs. B) gained employment in autos and aerospace. C) increased its isolationism. D) adopted open borders.
B) gained employment in autos and aerospace.
The GLOBE project is an ongoing cross-cultural investigation of nine cultural dimensions involved in ________ processes. A) family and relationship B) leadership and organizational C) studying leadership D) profit and cost-cutting
B) leadership and organizational
The Management in Action case details how some countries are afraid to divest from Huawei because of the unpredictability and cost associated with doing so. Generally, countries exhibiting this type of behavior may be ________ on the cultural dimension of ________. A) high; power distance B) low; uncertainty avoidance C) high; institutional collectivism D) low; institutional collectivism
B) low; uncertainty avoidance
Patricio's Pastries, which makes shelf-stable, non-perishable desserts that are sold to customers in other countries, is ________ its products. A) bartering B) counter-marketing C) exporting D) dumping
C) exporting
The United States granted most favored nation trading status to China, which means that A) Chinese tourists pay lower sales taxes when they visit the United States. B) the United States has promised to aid China in its counter-terrorist activities. C) China receives favorable trading treatment, such as the reduction of import duties. D) more Chinese immigrants are allowed to enter the United States.
C) China receives favorable trading treatment, such as the reduction of import duties.
Which trading bloc has the goal to reduce tariffs by 75% and achieve full economic integration? A) ASEAN B) CAFTA-DR C) Mercosur D) APEC
C) Mercosur
The Management in Action case details how Russia and Brazil continue supporting China's Huawei. Brazil, Russia, and China are three major emerging economies. Which of the following countries is a fourth emerging economy? A) United States B) United Kingdom C) South Africa D) Japan
C) South Africa
According to Rosabeth Moss Kantor of the Harvard Business School, which three events of the 1980s paved the way for the global economy? A) The Berlin Wall came down, countries worldwide opened their economies to foreign investors, and there was a worldwide trend of governments increasingly regulating their economies. B) The Berlin Wall was built, Asian countries formed their own stock market, and NAFTA was implemented. C) The Berlin Wall came down, Asian countries opened their economies to foreign investors, and there was a worldwide trend of governments deregulating their economies. D) The governments of China and India implemented certain aspects of capitalism, Nixon opened China to international trade, and the value of the U.S. dollar skyrocketed.
C) The Berlin Wall came down, Asian countries opened their economies to foreign investors, and there was a worldwide trend of governments deregulating their economies.
is a trading bloc consisting of 27 trading partners in Europe. A) The WTO B) Mercosur C) The European Union D) The Eastern Union
C) The European Union
Jeremiah is accustomed to making sense of information that he has read or heard, but he is less accustomed to interpreting situational cues. Jeremiah is probably A) an expatriate. B) from a high-context culture. C) from a low-context culture. D) an ethnocentric manager.
C) from a low-context culture.
Manuela is the director for her company's African operations. She is interviewing candidates to fill the position of factory manager at the location in the Ivory Coast. Manuela carefully considers the qualifications of both foreign and domestic applicants to identify the most effective candidate. What type of manager is Manuela aspiring to be? A) ethnocentric B) polycentric C) geocentric D) synergistic
C) geocentric
The United States limits the amount of cheese purchased from other countries; this is an example of a(n) A) export quota. B) import dump. C) import quota. D) import tariff.
C) import quota.
Elena, an engineer for an oil company, is interested in working overseas at this stage of her life because she knows that foreign work experience demonstrates ________ to potential employers. A) independence, resourcefulness, and discipline B) good management skills C) independence, resourcefulness, and entrepreneurship D) discipline and a strong will
C) independence, resourcefulness, and entrepreneurship
The World Trade Organization (WTO) A) oversees mergers between large multinational corporations. B) monitors business start-ups globally. C) monitors and enforces trade agreements. D) assists developing countries by loaning them money.
C) monitors and enforces trade agreements.
Pharmakia is a company that develops and manufactures prescription medicines. Recently, Pharmakia has been unable to obtain ingredients key to its medicines, is facing rapidly increasing labor costs, and is paying high tariffs when exporting its medicines. To mitigate these difficulties, Pharmakia should consider becoming a A) franchiser. B) countertrader. C) multinational enterprise. D) wholly owned subsidiary.
C) multinational enterprise.
The ________ is the law that makes it illegal for employees of U.S. companies to make "questionable" or "dubious" contributions to political decision makers in foreign nations. A) Global Ethics Accord B) Internationalist Agreement C) PATRIOT Act D) Foreign Corrupt Practices Act
D) Foreign Corrupt Practices Act
Ethnocentric managers believe that their native country, culture, language, and behavior A) are equal to all other cultures. B) are hurtful to others. C) need to be changed. D) are superior to all others.
D) are superior to all others.
Great systems of ________ are the hallmark of great civilizations. A) laws B) thinking C) leadership D) communications
D) communications
In exchange for $1,000 of office supplies, Anthony's IT Services uses ________ to install new network computers and printers at no cost to Quality Office Supply. A) outsourcing B) sourcing C) inputting D) countertrading
D) countertrading
Shrimpers in South Louisiana have accused China of selling shrimp in the United States at a lower price than U.S. suppliers. The goal of the Chinese, they argue, is to drive down the price of U.S. shrimp. The U.S. shrimpers are accusing the Chinese of A) outsourcing. B) applying import quotas. C) trade protectionism. D) dumping.
D) dumping.
Jalen, a geologist from Arkansas who works for Murphy Oil, has decided to transfer to one of Murphy Oil's offices in Saudi Arabia. Jalen will be a(n) ________ while living in Saudi Arabia. A) globalist B) internationalist C) traitor D) expatriate
D) expatriate
Ashanti, the vice president of marketing, is talking to Prisha, a sales manager in a foreign office, about several local situations that Prisha's reps are facing in their territory. Ashanti tells Prisha that she believes there are differences and similarities between home and foreign personnel and practices, and that Prisha should use whatever techniques are most effective. Ashanti is a(n) ________ manager. A) parochial B) ethnocentric C) global D) geocentric
D) geocentric
The Global Market is a chain of U.S. grocery stores where customers can purchase foods, beverages, and canned goods from other countries. Global Market is an example of a company that A) exports. B) globalizes. C) inputs. D) imports.
D) imports.
Free trade is the A) movement of customers between nations that do not have trade embargoes. B) policy of cost-free exchange of goods. C) bartering or sale of goods without taxes. D) movement of products between countries without political or economic obstruction.
D) movement of products between countries without political or economic obstruction.
All Can See is a global nonprofit organization that works with schools and various companies to donate eyeglasses to poor children throughout the world. All Can See is an example of a A) multinational corporation. B) conglomerate. C) philanthropic corporation. D) multinational organization.
D) multinational organization.
Globalization is the trend A) of the world economy toward becoming a less dependent system. B) of the world economy adding more independent markets. C) toward one world language and culture. D) of the world economy toward becoming a more interdependent system.
D) of the world economy toward becoming a more interdependent system.
Breyona, who owns an international investment firm that is headquartered in the United States, has witnessed the dangers of global economic interdependency. As she recently explained to her protégé, "In my opinion, ________ have been two negative effects of global economic interdependency for the United States." A) other countries stealing U.S. technology and the loss of well-paying jobs in the United States B) a huge surplus of funds from global investments flowing into the United States and huge cost increases C) reduced foreign direct investment (FDI) into the United States and lower-quality goods being produced domestically D) fewer organizations utilizing MBO and poorer-quality goods imported from abroad
A) other countries stealing U.S. technology and the loss of well-paying jobs in the United States
DigiFree is a Canadian company that specializes in software development. Rainy Day is an Italian company that operates a world-class cloud computing platform that ensures "all your files will be safe from the rainy days." DigiFree and Rainy Day recently developed a(n) ________ to work together to market their software and cloud services to businesses in Nigeria, sharing the risks and rewards of starting the new enterprise together. A) strategic alliance B) greenfield venture C) outsource strategy D) embargo
A) strategic alliance
The Management in Action case details how German telecommunications operators use Huawei's technology because it is cheaper to secure. What type of international expansion does this represent? A) franchising B) outsourcing C) joint ventures D) wholly owned subsidiaries
B) outsourcing
Countertrading is ________ goods for goods. A) outsourcing B) sourcing C) bartering D) licensing
C) bartering
Caleb, who owns a successful business with two locations and a few international clients, was approached by a large organization about dramatically expanding his company. Caleb later told his wife that he is happy with his success, but he wants to stay small because if he decides to add new products, small companies A) take more time to start new endeavors. B) typically maneuver slowly with new ideas. C) can get started more easily and maneuver faster. D) tend not to change due to inexperienced management.
C) can get started more easily and maneuver faster.
Get Lit Freedom Shows, which manufactures the fireworks that are purchased by municipal governments for their annual fireworks shows on the Fourth of July, moved most of its manufacturing operations from the United States to China a decade ago. Now, Get Lit is moving production back to the United States because the company's managers are uncomfortable with many Chinese business practices. Get Lit engages in ________ when it moves its operations back to the United States. A) offshoring B) outsourcing C) reshoring D) countertrading
C) reshoring
The United States often engages in ________, which is the use of government regulations to limit the import of goods and services and to protect U.S. industries against foreign competition. A) domestic protectionism B) blocking C) trade protectionism D) dumping
C) trade protectionism
Orlando, the owner of a Belgian event-planning company called Memory Makers, plans to open a marketing company that focuses on product launches, called Kick Start, in Germany. Kick Start will be totally owned and controlled by Memory Makers, which makes Kick Start a ________ of Memory Makers. A) joint venture B) strategic alliance C) wholly owned subsidiary D) maquiladora
C) wholly owned subsidiary
Which of these statements about BRICS countries is FALSE? A) They are five major emerging economies in the world: Brazil, Russia, India, China, and South Africa. B) The BRICS countries are home to 40 percent of the world's population. C) In recent years, growth in China has slowed, and it is gradually losing its existing cheap labor pool. D) The BRICS countries have joined together to form a trading bloc.
D) The BRICS countries have joined together to form a trading bloc.
Last week Arturo, CEO of Quality Furniture in Providence, Rhode Island, traveled to Europe to visit customers. While overseas, Arturo checked his e-mail daily and showed his company's website to customers, explaining how the website will help them place orders and receive merchandise more quickly. After visiting the last customer Thursday morning, Arturo was able to return to the corporate office in Providence to meet with his board of directors that night. ________ is the "shrinking" of time and space with air travel and the electronic media. A) The intranet B) The small-world philosophy C) E-commerce D) The global village
D) The global village
Sometimes a country's laws forbid foreigners from owning a business in the nation. In the presence of such laws, a(n) _____ is one way for an American company to have a presence in that foreign country. A) export agreement B) MBO pact C) import agreement D) joint venture
D) joint venture
Manufacturing plants with low labor costs that give special privileges to their American owners in return for employing Mexican citizens are known as A) joint ventures. B) barteristas. C) mercados. D) maquiladoras.
D) maquiladoras.
Aram, a regional manager for a global corporation, has flown to Istanbul to meet with several managers and senior employees. The Istanbul-based workers are upset about Eduardo, who recently moved from Texas to Istanbul to manage the facility. Deron, the assistant manager, tells Aram, "We all feel that Eduardo see things only one way—his way. He refuses to consider anyone else's perspective on anything." Eduardo is likely a(n) ________ manager. A) ecocentric B) geocentric C) polycentric D) parochial
D) parochial
Sarah and Marcus work for a U.S. furniture maker with locations overseas. Their employer decides to send them both to meet their counterparts at the furniture maker's location in Italy. To Sarah's surprise, the employees in the Italian office are doing things completely differently than how they are done in the United States. Nevertheless, she defers to their ways of doing things and thinks to herself, "When in Rome, do as the Romans do." Marcus, on the other hand, respects the way the Italian office is working, but notices that they would benefit by incorporating some of the practices from the U.S. office. Based on what you know about types of international managers, Sarah is ________ while Marcus is ________. A) ethnocentric; geocentric B) geocentric, ethnocentric C) polycentric; ethnocentric D) polycentric; geocentric
D) polycentric; geocentric
Monochronic time is a A) preference for multitasking. B) desire to do as little as possible for a period of time. C) time for the open discussion of problems or challenges. D) preference for doing one thing at a time.
D) preference for doing one thing at a time.
According to the GLOBE project, in-group collectivism refers to A) how much patriotism and loyalty people should have for their country. B) the degree to which a society's members expect power to be distributed. C) the extent that individuals are encouraged and rewarded for group loyalty versus pursuing individual goals. D) the extent to which people should take pride in being members of their family, circle of close friends, and work organization.
D) the extent to which people should take pride in being members of their family, circle of close friends, and work organization.
Jacob travels to China to negotiate a real estate transaction on behalf of his U.S. firm. He arrives in Shanghai and quickly hands his Chinese counterparts a contract to review and sign. Jacob believes that though the United States has more of a low-context culture and China has more of a high-context culture, the use of contracts is standard around the world. Jacob's actions shouldn't impact the contract negotiations. ⊚ true ⊚ false
false
NAFTA is a trading bloc consisting of the United States, Canada, Panama, and Mexico. ⊚ true ⊚ false
false
Tasha grew up helping her uncle work on cars in his auto repair shop and developed into an excellent auto technician. Because of stereotypes regarding women in this field, she is interested in finding a shop that minimizes gender discrimination and gender role inequalities. Tasha wants to work for a company that highly values gender egalitarianism. ⊚ true ⊚ false
true
The "most favored nation" trading status describes a condition in which a country grants other countries favorable trading treatment, such as the reduction of import duties. ⊚ true ⊚ false
true
Two managers from Home Imports were talking to Connor, their district manager, about Jasmine, the unpopular store manager. Veronica, the assistant manager, said, "I believe I speak for other managers and employees when I say that Jasmine acts like she knows it all. We all feel that Jasmine does not listen to any of us. She always thinks her way is right and does not want to consider any other opinions." If true, Jasmine is an example of a geocentric manager. ⊚ true ⊚ false
true