IB Final beatstepprod

45) Brogj Inc. is a cosmetics manufacturer based in California, United States. The firm varies its products to suit the different conditions abroad. Brogj is an example of a ________.

A) multidomestic industry

49) Which of the following characteristics should the winning candidate most likely possess if Ace executives desire a CEO with a global mind-set?

A) open-minded about diversity

35) Which of the following acts makes it illegal for U.S. firms to offer bribes to foreign parties in order to secure or retain business?

A) the U.S. Foreign Corrupt Practices Act

60) Economic interests refer to a firm's economic impact on ________.

A) the localities where it does business

38) Organizational culture is ________.

A) the pattern of shared values, behavioral norms, systems, policies, and procedures that employees learn and adopt

53) An individual who believes in ethical normativism is most likely to view ethical behavioral standards as ________.

A) universal

80) ________ is most likely to point to a controversial practice in his/her country in which the compensation of top executives is far greater than that of low-ranking subordinates.

D) Marta

82) Which of the following strengthens the decision by Quik Meal executives to centralize operations?

D) Quik Meal products use the same trademark and packaging in every country.

70) Which of the following questions would be most important for Extra Clean managers to evaluate the integration-responsiveness framework?

D) What type of balance is appropriate between headquarters and country managers?

73) When making decisions regarding ethical business actions, managers should ________.

D) balance their obligation to shareholders with explicit contributions to the broader public good

43) A culturally diverse team would ________.

D) create a global view inside the firm while remaining in touch with local realities

70) In the five-step framework for making ethical decisions, implementing a course of action implies ________.

D) creating new rules, processes, or procedures, and putting these into effect

32) When developing strategies, managers start by ________.

D) examining the firm's specific strengths and weaknesses

68) A ________ strategy is characterized by substantial control over country operations by headquarters in order to increase efficiency and integration.

D) global

87) An advantage to firms that use a product structure arrangement is that ________.

D) individual product lines are coordinated and managed globally

55) Managing a firm's value-chain activities on a country-by-country basis to address diverse opportunities and risks is known as ________.

D) local responsiveness

35) Managers who exemplify an open-minded attitude and who appreciate cultural diversity are described as applying a global ________.

D) mind-set

59) Firms with strong environmental interests are most likely to ________.

D) minimize pollutants in manufacturing

51) During the interview, Tanya describes her idea of expanding the Ace line into maternity clothes to draw in expecting mothers. Which of the following traits of a visionary leader is Tanya most likely exhibiting?

C) global strategic vision

37) Which of the following is the most critical asset of any organization?

C) human capital

66) Which of the following is a disadvantage of a multidomestic strategy?

C) inefficient manufacturing

80) To establish positive relationships with country managers, senior corporate managers should ________.

C) invite local managers to discuss their experiences at regional and global conferences

69) Which of the following is a characteristic of a transnational strategy to internationalization?

C) local responsiveness with central control

39) Companies that proactively build a global organizational culture will ________.

C) maintain a global perspective in all major initiatives

77) A firm's subsidiary is the primary contributor to ________.

C) marketing

40) The managerial routines, behaviors, and mechanisms that allow a firm to function as intended are known as ________.

C) organizational processes

88) Graham Technologies is a U.K.-based consumer electronics manufacturer. The company markets netbooks, smartphones, laptops, and desktops in the international market and each product division operates as a stand-alone profit center with substantial autonomy. This is an example of a ________.

C) product structure

54) Firms that emphasize global integration make and sell ________.

C) products that require minimal adaptation

69) When applying the five-step framework for making ethical decisions, managers should, at first, ________.

C) recognize the ethical problem

31) Corruption is defined as ________.

C) the abuse of power to achieve illegitimate personal gain

41) Which of the following behaviors of a firm can be called unethical?

C) tolerating sweatshop conditions

82) Hudson uses a distinctive sign to enable its customers to easily identify its products. This distinctive sign that the company also uses to distinguish its offerings from that of its competitors is known as a ________.

C) trademark

56) Which of the following would most likely be considered an appropriate action for a multinational company in meeting its global corporate social responsibility obligations?

D) promoting rights for people with disabilities

60) Which of the following would exert pressure on a U.S.-based clothing company, ZSource Ltd., to become locally responsive?

D) to meet host government requirements and regulations

47) The Nike "Swoosh" is an example of a ________.

D) trademark

44) Trademarks, copyrights, and patents are examples of ________.

A) intellectual property rights

52) According to relativists ________.

B) ethical truths differ from group to group

38) In countries with minimal corruption ________.

B) financial and accounting information is transparent

89) In which of the following types of organizational arrangements would a firm most likely have a division that focused solely on global marketing?

B) functional structure

56) Coordinating the international value-chain activities of a firm across multiple countries to achieve maximum efficiency is known as ________.

B) global integration

73) In establishing a firm's organizational structure, a fundamental issue is ________.

B) how much decision-making responsibility the firm should retain at headquarters

81) The software program embedded in Hudson's signature toy, the Witty Parakeet, is an example of a(n) ________.

B) intellectual property

67) Which of the following is an advantage of a multidomestic strategy?

B) minimal pressure on headquarters staff

68) In order to be effective, a corporate code of conduct should be designed to function like a ________.

B) moral compass

66) According to the virtue approach ________.

B) the best action emphasizes moral excellence and righteousness that provide for the full development of our humanity

59) Which of the following would exert pressure on a firm to become locally responsive?

B) the need to cater to local customer needs

48) Which of the following is characteristic of a global industry?

A) A small number of major players compete head-on in multiple markets.

50) Which of the following is true with regard to bribery?

A) Bribery promotes a culture of dishonesty and immorality.

33) ________ refers to the system of procedures and processes by which corporations are managed, directed, and controlled.

A) Corporate governance

34) ________ refers to lowering the cost of the firm's operations and activities on a global scale.

A) Efficiency

81) Which of the following questions would be more important for Quik Meal executives to evaluate when determining whether to centralize or decentralize the firm's structure?

A) How much modification is needed for Quik Meal products in Japan and Brazil?

67) Which of the following is true of a good code of conduct?

A) It guides employee behavior in all situations.

78) The managers discuss various ethical problems commonly encountered in their local territories. Which of the following representatives is most likely to label counterfeiting of goods as the biggest challenge in his/her country?

A) Jang

57) Which of the following is necessary for local responsiveness to effectively increase a firm's competitiveness?

A) Local managers need to be able to make decisions based on local needs.

46) ________ confer the exclusive right to manufacture, use, and sell products or processes.

A) Patents

65) Which of the following characterizes a multidomestic strategy?

A) Subsidiary managers adapt products and services to meet local needs.

40) ________ means meeting humanity's needs without harming future generations.

A) Sustainability

77) In terms of CSR and sustainability, going wide implies ________.

A) a continuous effort to understand how CSR and sustainability affect every aspect of the firm's operations worldwide

46) Which of the following is an example of a global industry?

A) automobiles

50) During the interview, Dan states that he expects Ace to surpass the competition in two years if he becomes CEO. Which of the following traits does Dan most likely exhibit with his statement that might appeal to the board of directors?

A) commitment to the success of Ace

61) Sustainable practices lead to ________.

A) cost savings from more efficient production

42) The process of reproducing assets without compensating those who originally created them is known as ________.

A) counterfeiting

41) Which of the following is a characteristic of a global team?

A) culturally diverse

75) In which of the following are substantial autonomy and decision making authority delegated to a firm's subsidiaries around the world?

A) decentralized approach

78) Armaz Inc., a manufacturing company, has its headquarters located in Texas, U.S., and subsidiaries in India, China, and Vietnam. Which of the following decisions will be the most centralized?

A) decision about building factories in Cambodia

74) In a world ever sensitive to social and environmental issues, more and more firms are embracing CSR and sustainability. Such firms are more likely than not to ________.

A) develop closer relations with foreign stakeholders to better understand their needs and work jointly toward solutions

71) When using the five-step framework for making ethical decisions, which of the following steps involves investigating which individuals have a stake in the outcome?

A) examining the facts

83) Which of the following organizational arrangements for foreign operations is most closely associated with home replication strategy?

A) export department

65) Which of the following approaches to ethical standards for corporate governance reflects the view that the best action treats everyone equally and in a just manner?

A) fairness approach

86) Which of the following is a disadvantage of a geographic area structure?

A) geographic area managers' lack of global orientation for developing and managing products

90) In which of the following organizational structures does an employee at a foreign subsidiary report to both a local manager and a corporate manager?

A) global matrix structure

63) In the ________ strategy, a firm views international business as separate from, and secondary to, its domestic business.

A) home replication

54) ________ represents the apex of the pyramid of ethical behavior.

B) Corporate social responsibility

39) ________ are moral principles and values that govern the behavior of people, firms, and governments, regarding right and wrong.

B) Ethics

71) Which of the following most likely supports Extra Clean implementing a multidomestic strategy instead of a global strategy?

B) Extra Clean managers lack internationalization experience.

85) Sean, a senior manager in Freedom, adheres to the relativist view regarding ethical standards. He goes by the rule, "When in Rome, do as the Romans do." Sean is most likely to agree strongly with which of the following views?

B) Freedom should passively accept the practices that prevail in countries where it does business.

52) Which of the following best supports the decision by the Ace board of directors to hire Tanya as the CEO?

B) Tanya's innovative ideas and ability to spot future retail trends

49) ________ is the top market for counterfeit and pirated goods.

B) The United States

42) Which of the following is true about global teams?

B) To develop global strategies, the team should include culturally diverse managers whose business activities span the globe.

75) The ________ is a policy platform and practical framework for companies committed to sustainability and responsible business practices. It is the world's largest voluntary corporate citizenship initiative, representing thousands of businesses in more than 135 countries.

B) United Nations Global Compact

58) Firms with a strong social interest ________.

B) aim to optimize work conditions and diversity in hiring

76) A firm's headquarters is the primary contributor to ________.

B) capital planning

33) Which of the following activities would be considered last by a manager while developing strategies?

B) deciding how best to contend with competitors

79) Armaz Inc., a manufacturing company, has its headquarters located in Texas, U.S., and subsidiaries in India, China, and Vietnam. Which of the following decisions will be the LEAST decentralized?

B) decision about hiring a marketing manager in the United States

76) In terms of CSR and sustainability, going ________ means institutionalizing appropriate behavior into the organization's culture so it becomes part and parcel of strategy.

B) deep

61) Marketing the same product worldwide is most appropriate for the ________ industry.

B) electronics

36) GramTech Solutions is a software development firm based in the United States. The firm's CEO, David Ghaster, wants to open an outlet in India. Being a visionary leader, he would ________.

B) understand the market and culture in India and develop international supermanagers

62) Which of the following approaches to ethical standards for corporate governance reflects the view that the best ethical action is the one that provides the most good or the least harm?

B) utilitarian approach

72) In the five-step framework for making ethical decisions, which of the following approaches to evaluating actions is being used by a manager who questions whether a proposed action embodies character strengths he/she values?

B) virtue approach

34) ________ refers to offering, giving, receiving, or soliciting anything of value to influence the actions of a government official or a corporate manager.

C) Bribery

55) ________ represents the base of the pyramid of ethical behavior.

C) Complying with laws and regulations

36) Which of the following is true with regard to corruption?

C) Corruption harms the poorest in societies.

58) Which of the following best characterizes the concept of global integration?

C) Creating variations of the same product for different markets is an unnecessary expense.

72) Which of the following most likely supports Extra Clean implementing a transnational strategy?

C) Extra Clean could reduce the number of global suppliers.

79) Who among the following managers is most likely to raise concern over the ban on advertising directed at children in his/her country?

C) Luis

64) Which of the following is true about foreign units of a company using a multidomestic strategy?

C) They are autonomous and operate independently.

83) Which of the following can extend legal protection to Hudson's proprietary software used in its toys?

C) a copyright

31) Strategy is ________.

C) a planned set of actions that managers employ to make best use of the firm's resources and core competencies to gain competitive advantage

48) Sustainable firms ________.

C) avoid emitting toxic wastes

62) A firm would be compelled to seek global integration when it has to ________.

C) capitalize on converging consumer trends and universal needs

74) Which of the following gives headquarters considerable authority and control over the firm's activities worldwide?

C) centralized approach

63) Which of the following approaches to ethical standards for corporate governance reflects the view that the best action emphasizes the welfare of the entire community or nation?

C) common good approach

45) Which of the following grants protections to the creators of art, music, books, software, movies, and TV shows?

C) copyright

53) Global integration is the coordination of the firm's value-chain activities across multiple countries to achieve worldwide efficiency, synergy, and ________ in order to take advantage of similarities between countries.

C) cross-fertilization

84) International division managers usually oversee ________.

C) distributor relationships

57) Which of the following refers to a typical CSR value?

C) engaging in philanthropy

44) Which of the following is an example of a multidomestic industry?

C) fashion

47) The computer industry is an example of a ________.

C) global industry

37) Which of the following countries have the LEAST corruption?

D) Denmark

84) Which of the following, if true, implies that Freedom has a strong social interest?

D) Despite the overseas vendor's effectiveness, Freedom decides not to enter into a contract with it because according to Freedom, tolerating sweatshop conditions is unethical.

51) An international human rights organization recommends that its member countries review their human rights policies on a periodic basis to ensure that their governments are upholding ethical standards for the treatment of prisoners. Which of the following represents the most effective reasoning in support of the organization's recommendation?

D) Ethical standards change over time, so national policies should be updated as necessary.

32) ________ is the procurement of products or services from suppliers located abroad.

D) Global sourcing

43) ________ refers to ideas or works created by individuals or firms and includes a variety of proprietary, intangible assets: discoveries and inventions; artistic, musical, and literary works; and words, phrases, symbols, and designs.

D) Intellectual property

85) Which of the following is an advantage of an international division structure?

D) It allows concentration and development of international expertise.

64) Which of the following is true with regard to the rights approach?

D) It is based on the belief that, regardless of how you deal with an ethical dilemma, human dignity must be preserved.