IBUS 480 Final 1-50

(Blank) is the unconscious use of one's own culture to help assess new cultures and surroundings A. Self reference criterion B. cultural illiteracy C. cross cultural literacy D. individualism E. acculturation

A

A possible negative effect of MNCs on the local economy includes (blank) as a result of competition with local firms A. the loss of jobs and local companies B. lower prices C. increased selection D. Quality of products E. none of the above

A

A(n) (blank) is a systematic collection of data about all elements of the firm's external and internal environments A. environmental scan B. strategic analysis C. strategic formulation D. situation analysis E. mission statement

A

Parker Sportswear is an MNE with retail stores around the world. Parker views itself as a collection of relatively independent operating subsidiaries, each of which focuses on a specific domestic market. Parker most likely uses a (blank) strategy A. multidomestic B. home replication C. transnational D. global E. cost leadership

A

People in (blank) cultures expect others to understand unarticulated moods, subtle gestures and environmental clues that people from blank culture simply do not process A. High-context; low-context B. Low-contact; high-contact C. Low-context; high-contact D. Monochromic; polychromic E. High power distance; low power distance

A

The different stages of the negotiation process are: A. Preparation, relationship building, exchange a task related information, persuasion, concessions and agreements B. preparation, relationship building, proposal, circulation, approval C. Relationship building, proposal, exchange of task related information, persuasion D. Proposal, circulation, persuasion, approval, record E. proposal, agreement, contract, celebration

A

What are the three elements of the triple bottom line framework for defining corporate social responsibility? A. Economic mission, sustainability in the natural environment, general social welfare B. Customers, employees, stakeholders C. Investors, local government, employees D. Defensive, accommodative, proactive E. Public relations, profitability, legal compliance

A

When the Venezuelan government requires that Spanish oil company total SA maintain all profits from his local operations in Venice Wayland banks for one full year before they can be sent home to the parent company, this is an example of what kind of log directed at a foreign firm? A. Repatriation B. expropriation C. constraints on foreign ownership D. privatization E. nationalization

A

Which business strategy calls for a firm to target specific types of products for certain customer groups or regions? A. Focus strategy B. single-business strategy C. Related diversification strategy D. Cost leadership strategy E. Differentiation strategy

A

Which of the following approaches to conflict handles a situation directly and explicitly and draws a distinction between the people involved and information or opinions they represent? A. Instrumental oriented B. expressive oriented C. Objective oriented D. subjective oriented E. political oriented

A

Bechtel, a construction and engineering firm, has a contract with the Indian government to expand the airport in New Delhi. Bechtel well design, construct, and equip the airport before turning the facility over to the Indian government upon completion. Which entry mode for international business is used by Bechtel? A. B-O-T project B. turnkey project C. Contract manufacturing D. Foreign direct investment E. Management contract

B

During a joint venture negotiation with a Chinese company, and American manager makes a proposal on financing the venture. The Chinese counterpart nonsense head and replies with a verbal yes. The meaning of this reply is probably: A. Yes I agree B. yes, I understand C. no D. tomorrow E. none of the above

B

In cultures characterized by (blank), people at all levels and a firm except the decision of those about them because of the implicit believe that higher-level positions carried the right\privilege to make decisions A. Collectivism B. Power respect C. uncertainty avoidance D. passive gold behavior E. Long term time orientation

B

JBX automobiles, a global firm, build factories to serve more than one country and lower their production costs. JBX automobiles most likely benefits from (blank) A. Multinational flexibility B. economies of scale C. location efficiencies D. Economies of scope E. Worldwide burning

B

Mercedes-Benz relies on its brand name and reputation for well engineered, luxurious cars to succeed in foreign markets. Mercedes-Benz is most likely using the (blank) strategy A. multidomestic B. home replication C. transnational D. global E. focus

B

The (blank) provides that a country will honor and enforce within its own territory the judgments and decisions of foreign courts with certain limitations A. helms - Burton act B. principle of comity C. arbitration agreement D. principle of fairness E. act of forum shopping

B

Until recently, the US prohibited all trade and investment with Cuba. This was an example of a (blank). A. Boycott B. embargo C. comprehensive tariff D. Preferential tariff E. sanction

B

When Samsung produces LCD screens in its factories in Korea, then ships them to its joint venture plant in Vietnam for assembly into phones and computer monitors for eventual export globally, (blank) has occurred A. indirect exporting of Samsung's LCD screens B. an intracorporate transfer of Samsung's LCD screens C. a semicorporate transfer of Samsung's LCD screens D. licensing of Samsung's LCD screens E. Direct exporting of Samsung's LCD screen

B

Which of the following statements regarding the characteristics of culture is false? A. Culture is learned B. Culture is not affected/changed by external forces C. Cultural traits are interrelated in all aspects of a society D. Cultural traits are shared and define membership in a society E. All of the above statements are true

B

A(n) (blank) calls for the firm to operate in several different but fundamentally related businesses, industries, or markets at the same time. A. corporate strategy B. single-business strategy C. related diversification strategy D. unrelated diversification strategy E. none of the above

C

Compared to a greenfield entry strategy, and acquisition entry strategy has which of the following advantages: A. Building of sites and facilities to meet exact needs B. Less upfront costs C. Faster market entry D. A and B only E. All of the above are advantages of an acquisition strategy over a greenfield strategy

C

Game ware recently entered the German market. Gameware executives also wanted to enter the Canadian market but had to delay the entry because of limited resources. What type of costs will Gameware incur as a result of being unable to enter the Canadian market? A. indirect costs B. direct costs C. opportunity costs d. variable costs E. future costs

C

Garmin footwear of the US establishes facilities anywhere in the world that yield is the lowest production or distribution costs. Garmin most likely benefits from (blank) A. Multinational flexibility B. economies of scale C. location efficiencies D. Economies of scope E. Worldwide learning

C

In considering the style of negotiators, research has shown that a(n) (Blank) approach is essential to successful cross-cultural negotiations A. Short term B. inflexible C. problem-solving D. adversarial E. none of the above

C

Logix Manufacturing is a US firm with a factory in Mexico City. Local leaders in Mexico City ask Logix managers to make a contribution to a youth sports organization and Logix provides the league with new equipment and uniforms. Which stance toward social responsibility does Logix most likely have? A. Proactive B. Obstructionist C. Accommodative D. Defensive E. Partnership

C

Social Structure: A. is the means by which a society's members communicate w/ one another B. Shapes the attitudes its adherents have toward work, consumption, individual responsibility, and planning for the future C. is the overall framework that determines the roles of individuals within a society, the stratification of the society in the individuals' mobility within the society D. shapes the behavior of and opportunities available to MNCs operating in a given culture E. stands from deep seeded beliefs about the individual's position in relation to his or her deity, the family, and social hierarchy

C

The Nintendo Company manufactures electronic video consoles and game cartridges. Nintendo provides game design firms with technical specifications for house Nintendo consuls function. The game design firms create the games and then pay Nintendo a fee to **** me factor those games. What mode of entry is described in this example A. exporting B. franchising C. licensing D. joint venture E. none of the above

C

The current Civil War in Syria is an example of: A. ordinary political risk B. Micro political risk C. macro political risk D. inclusive political risk E. Exclusive political risk

C

What kinds of people place a high premium on material possessions, money, and assertiveness? A. Those who are at high levels of the social hierarchy B. those who are high and individualism C. those who are high and aggressive goal (masculine) behavior D. those who are high in time orientation E. those who are high and power tolerance

C

Which of the following is not a step in the decision-making process? A. Defined the problem B. gather and analyze relevant data C. Focus on solutions that have proven successful in the past D. decide on the best solution E. all of the above are steps in the decision-making process

C

Which term refers to an individual's personal believes about whether a decision, behavior, or action is bright or wrong? A. Values B. culture C. ethics D. norms E. none of the above

C

A greenfield strategy can be beneficial because of all of the following except: A. it allows the firm to select the site that meets its needs B. the firm can construct modern facilities C. the firm starts with a clean slate D. the firm can start operations in the new market immediately E. All of the above are benefits of a Greenfield strategy

D

Exporting offers all of the following advantages except: A. relatively low financial exposure B. Gradual market entry C. opportunity to gain knowledge about the local market D. logistical complexities E. avoidance of restrictions on foreign investments

D

Firms with highly centralized control, and who conduct business in the same way everywhere in the world will utilize which strategic alternative? A. Global B. home replication C. Multi-domestic D. A or B only E. none of the above

D

In cultures characterized by (blank), people at all levels and a firm except the decision of those about them because of the implicit believe that higher-level positions carried the right\privilege to make decisions A. Collectivism B. Power respect C. uncertainty avoidance D. passive gold behavior E. Long term time orientation

D

The expressive oriented approach to conflict resolution is associated with what type of culture? A. Low context B. individual C. legalistic D. high-context E. Western

D

Walton enterprises, a US firm, has a facility in Burma. Walton managers in Burma frequently complain about the arbitrary rules and decisions implemented by Burmese government and legal authorities. Such legal unpredictability suggests that Burma has a system based on (blank) law A. Civil B. common C. theocratic D. bureaucratic E. military

D

Which of the following factors is commonly considered when assessing alternative foreign markets? A. current and future size of market B. legal and political environment in the market C. competitive levels in the market D. all of the above E. A and B only

D

Which of the following is an area of organizational ethics that a manager should consider when evaluating his/her organization? A. How employees treat the organization B. How the organization treats it's employees C. How do you employees and the organization treat other economic agents D. All of the above E. A and B only

D

Which of the following is likely the most important and reinforcing/improving the effectiveness of a publish code of ethics for an international company? A. Relevancy to local religion B. Similarity to home country ethic C. Explanation through online training D. Organizational practices that are in line with the publish code E. Public punishment for violations of the code

D

Which of the following is not one of the basic elements of culture? A. Social Structure B. Language C. Religion D. Architecture E. Values

D

Which of the following are not prohibited under the 1977 foreign corrupt practices act? A. Non-monetary bribes to foreign government officials B. Facilitation payments to government officials C. Bribes to foreign government officials under $1000 in value D. Bribes to foreign private business people E. B and D only

E

International franchising is most likely to succeed when the franchisor has (blank) A. A strong global brand/image B. Exported other products C. A transferable success model from its domestic market D. All of the above E. A and C only

E

Sony has unique, cutting edge technology, the most efficient distribution networks in its industry, and superior organizational practices. These characteristics are most relevant to which component or international strategy? A. Worldwide learning B. scope of operations C. Resource Deployment D. Synergy E. Distinctive Competence

E

The government of Greece has recently agreed to allow a private foreign company to purchase an operate the country's main port facilities, which used to be owned and operated by the government. This is an example of: A. expropriation B. A government's attempt to regulate business activities conducted outside its borders C. nationalization without compensation D. nationalization with compensation E. privatization

E

Which aspect of the negotiation process should most likely occur on a continuous basis A. Persuasion B. exchanging task related information C. preparation D. concessions an agreement E. relationship building

E

Which of the following are considered primary stakeholders in the corporation stakeholder model? A. Employees B. Competitors C. Investors D. All of the above E. A and C only

E

Which of the following are subject to the 1977 foreign corrupt practices act? A. US citizens working for a private foreign company outside the US B. Foreign companies with security is listed with a US stock exchange C. Private foreign companies whose principal place of business is in the US, or in a US territory or commonwealth D. B and C only E. All of the above are subject to the FC PA

E

Which of the following cultural influences on the decision-making process would have the greatest impact on employees from a typically high uncertainty avoidance culture A. Objective versus subjective approach B. risk tolerance C. perceived control over the outcome D. preference for now solutions versus trying new things E. both B and D

E

Which of the following is not a possible difference in accounting practices in foreign countries? A. Use of accounting reserves B. Valuation and reevaluation of assets C. Valuation of inventories D. Dealing with the taxes authorities E. All are possible differences in accounting practices

E