Chapter 11 MAN4720
Which of the following is NOT true regarding European workers and workplaces? Many Europeans respond enthusiastically to pay-for-performance, commission salaries, and objective measurement reward systems. Many Europeans find the notion of team spirit difficult to grasp. Most European workers enjoy more frequent vacations and holidays than U.S. workers. A 90-minute lunch break plus 20-minute morning and afternoon breaks are common in European firms. Most European workers are unionized.
a
Currencies in Africa are being phased out in favor of the Euro. devaluing. stabilizing. None of these
c
Communication between domestic headquarters and overseas operations is often made difficult by geographic distance. cultural differences. variations in business practices. national differences. All of these
e
As long as the price and quality of a firm's products and services are competitive on a local basis, it has nothing to worry about. True False
f
The drive to improve the efficiency of global business operations is leading to lesser functional specialization. True False
f
American firms that seem insulated from foreign competition today may be vulnerable tomorrow. True False
t
In Nordic countries Denmark, Sweden, and Finland, about 70 percent of all employees are in unions. True False
t
Labor markets have become steadily more international with more and more countries around the world welcoming foreign investment and capital. True False
t
Many African and non-African companies are launching operations in Africa due to the rapidly growing middle class and an average GDP growth of 5 percent for the continent through 2017. True False
t
The U.S. furniture manufacturing industry is not yet greatly challenged by foreign competitors. True False
t
The availability, depth, and reliability of economic and marketing information in different countries vary extensively. True False
t
In South Korea, activities involve concern for ________, or harmony based on respect of hierarchical relationships, including obedience to authority. inhwa feng shui Wa nemaswashio guanxi
a
Which of the following statements is NOT true? A world economy and monetary system are emerging. Markets are shifting slowly and in many cases diverging in tastes, trends, and prices. Corporations in every corner of the globe are taking advantage of the opportunity to obtain customers globally. America's economy is becoming much less American. Innovative transport systems are accelerating the transfer of technology.
b
In general, U.S. managers feel the day has been productive if it is spent listening. meditating. rushing to meetings, appointments, and conferences. resting. thinking.
c
The domestic food industry ________, so Kraft Foods is focusing on foreign acquisitions. is falling 5 percent per year is growing 7 percent per year is growing 3 percent per year is stagnant is falling 1 percent per year
c
Which of the following nations has the highest corporate tax rate? France Germany United States Ireland Great Britain (United Kingdom)
c
Protectionism involves all of the following EXCEPT tariffs against firms outside the country. imposing taxes on firms outside the country. imposing regulations on firms outside the country. liberalizing restrictions on the import of foreign goods. Protectionism involves All of these.
d
What firm was mentioned in the text book as having recently opened 25 new stores in India? Abercrombie and Fitch Benetton Allsports IKEA Walmart
d
Weaknesses of competitors in foreign lands are often underestimated, and strengths are often overestimated. True False
f
The need to amortize massive R&D investments over many markets is a major reason why the aircraft manufacturing industry became global. True False
t
