MGMT 495 Ch. 10-11

Which of the following is a potential advantage of conducting international operations?

Competitors in foreign markets may not exist, or competition may be less intense than in domestic markets.

Which of the following is NOT a way that companies can help create an ethical culture in their organization?

Discouraging whistle-blowing

Which of the following is NOT true concerning the Japanese concept of Wa?

Discussions potentially disruptive to Wa are generally conducted in very formal settings.

Which of the following is NOT a typical characteristic of most Japanese managers?

Impulsive

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.

How does life in Mexico compare to life in the United States?

Meeting times for appointments are not rigid

Bribery involves

bestowing a gift to influence the recipient's conduct.

More and more firms believe that ethics training and an ethics culture

create strategic advantage

Mass communication and high technology have ________ in diverse cultures worldwide.

created similar patterns of consumption

The various opportunities and threats that face multinational corporations are almost limitless, and the number and complexity of these factors ________ the number of products and the number of geographic areas served.

dramatically increase with

Most economies argue that protectionism ________ the world economy because it _______ trade among countries.

harms, inhibits

Firms should strive to engage in social activities that

have economic benefits

If a firm has a bad sustainability record this will

increase investor scrutiny of the firm

Simply having a code of ethics

is insufficient to guarantee that employees behave in an ethical manner.

Protectionism involves all of the following EXCEPT

liberalizing restrictions on the import of foreign goods

According to the text, the first social responsibility of any business is to

make enough profit to cover the costs of the future, because if this is not achieved then no other social responsibility can be met

In an effort to manage ecological challenges, many companies are

moving environmental affairs from the staff side of the organization to the line side

The U.S. government's OPIC

offers insurance to offset risks of doing business internationally

All of the following business actions are considered to be unethical EXCEPT

preventing environmental harm

High corporate tax rates

provide strong incentives to avoid and evade taxes

Which of the following statements from the Wall Street Journal article "Is Office Romance Still Allowed" is true?

33% of millennials view their workplace as a dating pool

Whereas ________ businesses embody individualism, achievement, competition, and informality, ________ businesses stress collectivism, continuity, cooperation, and formality.

American; Mexican

Which of the following is a European country in which union membership is growing?

Italy

Preserving the environment should be a permanent part of doing business for which of the following reasons?

More lenders are examining the environmental liabilities of businesses seeking loans

_________ involves companies hiring other companies to take over various parts of their functional operations, such as human resources, information systems, payroll, accounting, customer service, and even marketing.

Outsourcing

Multinational corporations face unique and diverse risks, which include all of the following EXCEPT

favorable foreign court interpretations of contracts and agreements

All of the following are potential advantages of initiating, continuing, and/or expanding international operations EXCEPT

foreign operations could be seized by nationalistic factions

In South Korea, activities involve concern for ________, or harmony based on respect of hierarchal relationships, including obedience to authority.

inhwa

Firms can align ethical strategic decision making by

monitoring departmental and corporate performance regarding ethical issues

For many years, the Omega Company manufactured all of its products in Brazil. In early 2018, the company made the decision to bring back its manufacturing by establishing several large plants in the state of Florida. What the Omega Corporation did is called ________.

reshoring