MAN 3600

Which of the following countries hosts the greatest number of MNEs

US

Which of the following refers to the extent to which people can tolerate risk in their lives

Uncertainty avoidance

Acculturation is defines as the process of

Adjusting and adapting to a culture other than one's own

Refers to the superior features of a country that provide unique benefits in global competition, typically derived from either natural endowments or deliberate national policies

Comparative advantage

Low-context cultures tend to

Conduct negotiations as efficiency as possible

International business is also known as which of the following

Cross-border business

Managers can achieve effective cross-cultural interaction by

Keeping an open mind and being inquisitive

Which of the following is true about language

Language has both verbal and nonverbal characteristics

Refers to the transfer of assets to another country or the acquisition of assets in that coutnry

International investment

Which of the following countries is the leading nation in the international services trade as % of GDP

Ireland

Which of the following is true with regard to culture

It captures how the members of the society live

The belief that national prosperity is the result of a positive balance of trade, achieved by maximizing exports and minimizing imports

Mercantilism

A _____ is one or more resources or capabilities a company possesses that few other firms have

Monopolistic advantage

According to Michael Porter, a nation's factor endowments help determine its

National competitive advantage

Which of the following is an element of the comparative advantage principal

Relative efficiency of production

Values in a culture

Represent a person's judgments about what is good or bad, acceptable or unacceptable, important or unimportant, and normal or abnormal

Which of the following countries has the most foreign reserves per capita

Singapore

In the _____ phase of international product life cycle theory, knowledge about how to produce the product is widespread and manufacturing becomes straightforward

Standardization

Which of the following types of risk is not presented in the course as a risk associated with international business

Technological risk

Which of the following was the analysis revealed by the "Leontief paradox"

That the US often exported labor-intensive goods and imported more capital-intensive goods