Management Ch 3
Which of the following is a multinational corporation that tailors marketing strategies to the host country's unique characteristics?
multidomestic corporation
The Global Leadership and Organizational Behavior Effectiveness program identified ________ dimensions on which national cultures differ.
nine
While talking with her advisor at the university, Jane deduces that she has a(n) ________ attitude, as she has never traveled abroad and only relates well to people from her home country.
ethnocentric
The International Monetary Fund is an organization of ________ countries that promotes international monetary cooperation and provides member countries with policy advice, temporary loans, and technical assistance to establish and maintain financial stability and to strengthen economies.
188
The World Trade Organization was formed in the year ________.
1995
How many members does The African Union have?
53
The Global Leadership and Organizational Behavior Effectiveness program's ________ dimension is similar to Hofstede's achievement-nurturing dimension.
Assertiveness
An organization drops its organizational structure based on countries and reorganizes into industry groups. This is an example of the company becoming a(n) ________.
Borderless Organization
A global company reflects the ________.
Ethnocentric Attitude
The ________ was formed by twelve original members with the primary motivation of reasserting the region's economic position against the United States and Japan.
European Union
When an organization makes products domestically and sells them abroad, it indulges in ________.
Exporting
The polycentric attitude is a world-oriented view focusing on using the best approaches and people from around the globe
False
The polycentric attitude is a world-oriented view focusing on using the best approaches and people from around the globe.
False
Theodore and James decide to enter into an agreement with a firm in Europe allowing them to use the rights to their software, brand name, and software specifications in return for a lump sum payment. The firm is a service organization that plans to use the software to assist its customers. Their agreement is a(n) ________.
Franchise Agreement
In today's global environment, managers must have a(n) ________ attitude in order to be successful.
Geocentric
If Shana's company decides to open another company in France but centralizes its management in the United States, it would be considered a ________.
Global Company
Bill Sanderson, a manager in a manufacturing firm in New York has a tendency to view the world only through his U.S.-based perspective. What can be deduced about his attitude?
He has a parochialistic attitude.
Which of the following countries is a member of the European Union?
Ireland
According to the text, which of the following is a typical definition of a multinational corporation?
It is a company that maintains operations in multiple countries
The North American Free Trade Agreement includes ________.
Mexico, Canada, and the United States
Which of the following is a member of the Association of Southeast Asian Nations?
Myanmar
The forerunner of the Organization for Economic Cooperation and Development was the ________ that was formed in 1947 to administer American and Canadian aid under the Marshall Plan for the reconstruction of Europe after World War II.
Organization for European Economic Cooperation
Multidomestic corporations reflect the ________.
Polycentric Attitude
Nepal belongs to which of the following regional trade alliances?
South Asian Association for Regional Cooperation
Which of the following is a method that companies might adopt in order to increase their direct foreign investment?
Strategic Alliances
A high uncertainty avoidance society is threatened by ambiguity and experiences high levels of anxiety.
True
Managers who want to get into a global market with minimal investment start with global sourcing.
True
Mexico is an example of a Collectivistic nation.
True
Solidarity in the European Union is being undermined by protectionist pressures in some member countries.
True
The United States, Canada, and Mexico are parties to the North American Free Trade Association.
True
Why does the U.S. Federal Reserve's announcement of a far-reaching mortgage-bond buying program raise business concerns over the new monetary policy?
Which of the following is currently under negotiation by 34 countries in the Western Hemisphere?
The ________ is a group of five closely associated institutions, all owned by its member countries, that provides vital financial and technical assistance to developing countries around the world.
World Bank Group
One of the hottest topics of your talk will be the North American Free Trade Agreement. One of the points that you will emphasize is that ________.
as of 2012, it is the second largest trade bloc in the world in terms of the combined gross domestic product of its members
A country that is assertive, believes in acquiring money and goods, and is competitive in nature is said to ________.
be achievement oriented
A ________ economy is one in which resources are primarily owned and controlled by the private sector
free market
When an organization acquires products made abroad and sells them domestically, it indulges in ________.
importing
The international operations of their firm continues to grow. Theodore and James have realized that decentralized management using foreign nationals to run operations in the host countries works best. Their firm has developed into a ________ organization.
multidomestic
Which of the following two dimensions of the Global Leadership and Organizational Behavior Effectiveness program fit directly with Hofstede's dimensions?
power distance and uncertainty avoidance
Joint ventures are a type of ________.
strategic alliance
Americans tend to suffer from parochialism.
true