Quiz 4

The shared set of beliefs, values, knowledge, and patterns of behavior common to its people is a nation's

Culture

The United States has prohibited the import of products from Iran due to the political situation in that nation. This complete ban is an example of a(n)

Embargo

Dave's Furniture in South Carolina produces high-quality furniture and ships its products to customers in over 40 countries. Dave's Furniture is ______ its products.

Exporting

Central American farmers sell their produce to American customers at a price that is above the price charged by American companies to increase the price of the American products, this is an example of dumping.

False

During the annual planning meeting, Alexandria, president of a Fortune 500 company, discussed with the upper management the strategic goal of expanding company operations across the globe. This long-term vision by Alexandria is an example of e-commerce.

False

In discussing Americans as global citizens, Keith Reinhard from the nonprofit group Business for Diplomatic Action said, "Globally, Americans are viewed by the world as quiet humanitarians striving for equality and accord."

False

The American research committee that promoted one world government and one world economy was known as the GLOBE project.

False

Dave and his wife are expecting their first child this week, but Dave had to attend a very important meeting in Mexico City. While in Mexico, Dave was able to check his phone for text messages every hour, and as soon as his wife went into labor, he was able to return home in less than six hours. The _____ refers to this "shrinking" of time and space as air travel and electronic media have made it easier for people around the globe to communicate with one another.

Global Village

_______ is the trend of the world economy toward becoming a more interdependent system.

Globalization

International Fabric buys products for its customers from over 30 countries. International Fabric is an example of a company that

Imports

Alan, a retired doctor, is interested in starting an international nonprofit organization that will include doctors and other medical professionals who travel to low-income areas in the United States and internationally to assist with medical needs and open hospitals. Alan's organization is an example of a multinational organization.

True

Franchising allows companies to pay a fee plus a percentage of the profits in return for using a company's name and assistance with management, marketing, and the training of managers and nonmanagement employees.

True

Luis, the owner of a shoe factory in Panama, is unhappy due to a tax that the U.S. government has implemented on shoes exported from Panama into the United States. The U.S. government says it has imposed the tax in order to protect U.S. shoe companies. This tax is an example of a tariff.

True

Maquiladoras are manufacturing plants allowed to operate in Mexico with special privileges in return for employing Mexican citizens.

True

The Foreign Corrupt Practices Act makes it illegal for employees of U.S. companies to make "questionable" or "dubious" contributions to political decision makers in foreign nations.

True

The global village refers to the "shrinking" of time and space as air travel and the electronic media have made it easier for people worldwide to communicate with one another.

True

Managers who believe that their native country, culture, language, and behavior are superior to all others are ____ managers.

ethnocentric

Stephanie, a recent college graduate in computer programming, is interested in several positions with global companies because she knows that working in other countries exhibits ____ to potential employers according to management recruiters.

Independence Resourcefulness Entrepreneurship

Best Builders, a home builder in the United States, makes use of many suppliers to provide quality products in the homes it builds, such as a roofer in the same city and Belize International in Guatemala, which provides some of the highest-quality cabinets available. ______ is the use of outside suppliers to help the contractor build homes for customers.

Outsourcing

A multinational corporation is a(n)

business firm with operation in several countries.