Busi 303 Satterly
_________ status depends largely on the outcome of one's own efforts, behavior, and choices.
Achieved
The dominant values in a masculine society are __________ and __________.
Achievement and success
Which of the following are driving forces behind the trend towards increasing globalization?
Advances in communication and transportation technologies. Reductions in barriers to trade Reductions in barriers to foreign investments
The __________ provisions of the FCPA make it unlawful for a U.S. person, and certain foreign issuers of securities, to make a corrupt payment to a foreign official for the purpose of securing business with or directing business to any person.
Anti-bribery
An __________ status is one that society assigns to an individual on the basis of factors over which the individual has no control: gender, race, ethnic background, and socioeconomic status, into which one is born.
Ascribed
Opponents of globalization claim that globalization has led to widespread government corruption as indicated through the extensive use of ________
Bribery
The top four export partners of the United States are as follows: __________, __________, __________, and __________.
Canada, Mexico, China, and Japan
_________ has emerged as a cost-leading manufacturer of products ranging from consumer goods to industrial equipment.
China
In a predominantly communitarian culture, people place the __________ before the __________.
Community; individual
Government leaders increasingly cite __________ as a reason for withholding foreign aid or deb
Corruption
_________ exacerbate the misunderstandings that arise when trying to communicate a message.
Cross-cultural or cross-language barriers
Significant fluctuations in __________ can reduce the actual value of each dollar that a foreign investor has vested in his or her foreign portfolio, potentially prompting the investor to withdraw from a market entirely.
Currency exchange rates
Market factors are the __________, __________, and __________ that vary from one region to another.
Demographic, sociologic, and economic forces
Three branches of Judaism circulate that form the framework for the type of lifestyle and beliefs of Jewish individuals include all of the following except:
Evangelicals
T or F: A high uncertainty avoidance ranking indicates that the country has a high tolerance for uncertainty and ambiguity.
False
T or F: A social group is defined as four or more people who have a common identity, who interact, and who form a social relationship.
False
T or F: Africa was one of the oldest examples of an international trading community.
False
T or F: An achieved status is one that society assigns to an individual on the basis of factors over which the individual has no control: gender, race, ethnic background, and socioeconomic status, into which one is born.
False
T or F: Any corporation or enterprise that manages production establishments or delivers services in at least three countries may be considered a MNC.
False
T or F: As a result of OECD investigations in the mid -1970s, over four-hundred U.S. companies admitted making questionable or illegal payments in excess of $300 million to foreign government officials, politicians, and political parties.
False
T or F: Business ethics should be considered a separate disciple from ethics.
False
T or F: Foreign investment does not include the outbound investment of host country capital into foreign economies.
False
T or F: Horizontal integration extends a firm's competitive scope within the same industry by performing production activities normally provided by a supplier or distributor
False
T or F: In a neutral culture, people do not object to a display of emotions.
False
T or F: Low context culture refers to societies or groups where people have close connections over a long period of time.
False
T or F: Muslims base their doctrine on the teachings in the Bible.
False
T or F: Ownership control risk can be defined as the risk of monetary losses resulting from inadequate or failed internal processes, people, and systems
False
T or F: People in particularistic cultures share the belief that general rules, codes, values and standards take precedence over particular needs and claims of friends and relations.
False
T or F: Polycentric managers believe that home-country nationals are more intelligent, reliable, and trustworthy than foreign nationals.
False
T or F: Primary groups often involve small or large numbers of individuals, are task oriented, and are characterized by impersonal and formal interaction.
False
T or F: Sanctions refer to the taxes on imported goods.
False
T or F: Taiwan has emerged as a cost-leading manufacturer of products ranging from consumer goods to industrial equipment.
False
T or F: Tariffs are the restrictions of the import of something to a specific quantity.
False
T or F: The Bible contains the core beliefs of Christianity.
False
T or F: The Information Age was characterized by a marked surge in manufacturing techniques that included mass assembly, electricity, and new forms of propulsion.
False
T or F: The North American Free Trade Agreement was enacted to provide uniform standards and rules of engagement to a growing international trade market.
False
T or F: The international market removes the boundaries of local market territories, thereby decreasing the potential market audience.
False
T or F: The rank of the top five countries (largest to smallest) by GDP as of 2015 are as follows: United States, China, Germany, Japan, and United Kingdom.
False
T or F: There is no notable difference in the way a nation conducts business versus the way a large corporation conducts business.
False
T or F: Unlike most other religions Buddhism has no real founder, no written scriptures, no body of religious law, and a very loosely-organized priesthood.
False
Values guide behavior and allow one to predict the behavior of others
False
________ is an attractive option for firms looking to diversify their investment portfolios and creating opportunities for firms looking to enter emerging markets
Foreign direct investment
_________ is the official measure of total output of goods and services in a nation's economy
GDP
Communication in __________-context cultures implies considerably more trust by both parties.
High
__________ focuses on the degree to which the society reinforces individual or collective achievement and interpersonal relationships.
Individualism
The __________ heralded the introduction of mass production, improved transportation, technological progress, and the industrial factory system.
Industrial Revolution
In __________-context cultures enforceable contracts will tend to be in writing, precisely worded, and highly legalistic.
Low
___, increasing market audience, receiving foreign direct investment are reasons international trade is important to the United States.
Maximizing production and efficiency
Judaism is a __________ religion which believes that the world was created by a single, all-knowing divinity.
Monotheistic
Which of the following is not included in the set of shared categories that characterizes a culture?
Motivation
The __________ was enacted to provide uniform standards and rules of engagement to a growing international trade market.
NAFTA
_________ was a major contributor to continental trade growth between the United States, Mexico, and Canada because it eased quotas, tariffs, and customs procedures.
NAFTA
__________ assists us in our values regarding what is normal versus what is abnormal, what is good versus bad, and what is rational behavior versus irrational behavior.
National culture
Economic health is considered __________ when a country imports considerably more than it exports
Negative
Through __________, the domestic firm is able to focus its resources on areas in which it maintains a distinct competitive advantage, such as service offerings or research and development
Outsourcing
A strong correlation exists between __________ and ________
Poverty; corruption
Exploration and trade from Western European nations during the Renaissance led to an increased supply of __________ from the New World, leading to an international economy based on money rather than barter.
Precious metals
Muslims base their doctrine on the teachings in the __________.
Qur'an (Koran)
For Muslims, the __________ is the word of God and the carrier of the revelation of __________ who is the last and most perfect of God's messengers to mankind.
Qur'an; Muhammad
____ are much more narrowly defined than knowledge areas in that they represent quantifiable measures.
Skills
U.S. firms have developed and implemented __________ for employees to serve as guidelines as to how they should comport themselves when representing the company.
Standards of conduct
The __________ brought about the first efficient forms of mass transportation using machine power.
Steam engine
If individuals do not attempt to develop an appreciative awareness, __________ of people, information, and behavior takes place.
Stereotyping
__________ people especially value the satisfactory completion of interactions with others.
Synchronic
In the __________, Confucius revealed the step by step process by which one attains self- development and by which it flows over into the common life to serve the state and bless mankind.
The Great Learning
Language affects communication in two ways: (1) __________ and (2) _________
The ability to encode our thoughts and purposes clearly The ability to formulate those thoughts and purposes
Which of the following are not one of the four distinct areas that relate to verbal communication?
Tone
T or F: A high power distance ranking indicates that inequalities of power and wealth are present within a society.
True
T or F: Confucianism is considered to be a philosophy of life not a religion.
True
T or F: Diversified integration occurs when a firm expands its business into different products that are not similar to current lines.
True
T or F: Economic health varies in moderate correlation with the amount of international trade activity in each host country. Group starts:
True
T or F: Ethnocentric cultures hold a general contempt for members of other cultures and may manifest itself in attitudes of superiority or sometimes hostility.
True
T or F: Fons Trompenaar believed that every culture distinguishes itself from others by the specific solutions it chooses to certain problems and dilemmas.
True
T or F: Foreign direct investment allows domestic firms to receive capital financing from foreign entities.
True
T or F: Foreign direct investment is an attractive option for firms looking to diversify their investment portfolios and creating opportunities for firms looking to enter emerging markets.
True
T or F: Geocentrism requires collaboration between headquarters and subsidiaries to establish universal standards with permissible local variations.
True
T or F: Globalization creates interdependencies, requires transparency, necessitates that business people understand the ideal goal of having a seamless international marketplace, and involves blending and merging of various cultures.
True
T or F: ISO standards are designed to be implemented worldwide.
True
T or F: Improvement in transportation, advances in communications technology, and trade-friendly legislation have all contributed to the desire to produce a seamless global economy.
True
T or F: In 1866, the telegraph opened the first transatlantic communications channel to facilitate real-time communication over long distances.
True
T or F: In Hinduism, a person is born into the highest class because he or she behaved well in a past life.
True
T or F: In a cultural context, a value would then be anything that a particular culture holds in high esteem.
True
T or F: In sequentialism, time moves forward, second by second, minute by minute, hour by hour, in a straight line
True
T or F: Internalistic people see nature as a complex machine, and machines can be controlled if one has the right expertise.
True
T or F: Pax Americana, Latin for "American peace," is the period of relative peace in the Western world since the end of World War II in 1945, which coincided with the dominant military and economic position of the U.S.
True
T or F: Primary social groups tend to involve small numbers of individuals and are characterized by intimate and informal interaction.
True
T or F: Production is efficient when any increase or decrease in output would cause a disproportionate increase in the cost of production and when there is no alternative that would lead to a more profitable production of a given product.
True
T or F: Scope, cultural influence, and market practices are considerable operational differences of global businesses from that of domestic businesses.
True
T or F: The Industrial Revolution heralded the introduction of mass production, improved transportation, technological progress, and the industrial factory system.
True
T or F: The U.S. is home to some of the world's leading hardware and software manufacturers.
True
T or F: The global business manager must possess a strong international awareness and must understand the unique factors that contribute to the success of a global business, including formal education.
True
T or F: The health of a given economy can be measured in part by the number of exports it has relative to the number and economic value of its imports
True
T or F: The top four export partners of the United States are as follows: Canada, Mexico, China, and Japan.
True
T or F: Transparency International provides guidelines for organizations wishing to develop anticorruption programs.
True
T or F: When conducting international business, humor should be avoided
True
The study of culture must include __________ and __________.
Values; attitudes
_________, discrimination, proselytizing, and __________ are other means whereby ethnocentrism expresses itself
Violence; verbal aggressiveness
Which of the following is not one of the ways political risks can be classifies?
functional
When a firm in one nation exchanges products, services, resources, or capital with a firm located in another nation, this exchange constitutes a(n) _______
international transaction
Multinational corporations (MNCs) are often divided into three broad groups based on __________, __________, and __________
production, operations management, and functionality