MGMT Exam 1
"Particularism" involves a. dealing with people based on personal relationships. b. dealing with people based on rules. c. dealing with people who are very particular and demanding. d. dealing with particular issues of global signficance.
a.
. Globalization is a. The trend of businesses expanding beyond their domestic boundaries. b. Increasing average temperature over the globe. c. The increased use of global satellite communication systems. d. A strategy of developing unique products for each nation in the world.
a.
An economic system where production activities are decentralized to private owners who carry out these activities to make a profit is known as a a. Capitalist economy. b. Command economy. c. Socialist economy. d. Mixed economy.
a.
Future trends indicate that _____ matters more than size of the company. a. location b. price c. flexibility d. a high standard
c.
In a universalistic culture, the right way to treat people is based on a. Personal relationships. b. Principles of harmony within the group. c. Abstract principles such as rules of law and religion. d. Accepting the use of emotions.
c.
Expressions of anger, laughter, gesturing, and emotional outbursts are considered acceptable in a. Specific cultures. b. Diffuse cultures. c. Neutral cultures. d. Affective cultures
d.
In countries that rank high on Hofstede's masculinity index a. People prefer a short working day to get home to their families. b. People feel more comfortable in small organizations. c. Theory X management is rejected strongly. d. Work is central to life and job recognition is very important.
d.
In countries where it is believed that nature dominates people, a. Managers are less likely to be fatalistic. b. Managers emphasize planning and scheduling. c. Managers actively try to change situations. d. Managers believe that they must accept situations rather than changing them.
d.
International management may be influenced by which of the following levels of culture? a. National b. Business c. Organization d. All of the above
d.
Major regional trade agreements include all of the following EXCEPT a. EU. b. NAFTA. c. APEC. d. PROTEC.
d.
Multinational companies are defined by all of these factors EXCEPT: a. Engaging in business beyond its domestic borders. b. They may be of any size. c. They may be corporations. d. They must be public corporations.
d.
People from ________ countries would probably feel most comfortable with an autocratic (theory X) task- directed style of leadership. a. High masculinity b. High power distance c. High uncertainty avoidance d. All of the above
d.
Overtime the affects of industrialization have included all of the following except a. cultural and economic stability b. changes in stages of industrialization c. different organization and distribution of production. d. the concept of production has come to include services as well as manufacturing.
a.
Pre industrial societies tend to have a. Poor infrastructure and support. b. Adequate infrastructure. c. Favorable business conditions. d. Government support.
a.
The degree to which people have privileged access to resources and positions within societies is a. An indication of social inequality. b. The same around the world. c. Has no implications for multinationals. d. All of the above
a.
The famous German Sociologist, Max Weber, argued that the Protestant work ethic a. Led to the emergence of capitalism in Western Europe. b. Led to the decline of capitalism in Western Europe. c. Led to an acute distaste for the accumulation of wealth. d. Led to the rise of socialism in Eastern Europe.
a.
The free market reforms in emerging countries are creating a potential group of a. new competitors. b. old competitors. c. subsidized firms. d. government companies.
a.
The movement from a socialist economy to a free market economy is also known as which of the following? a. Market transition b. Dominant economic type c. Rapid industrialization d. Government regulation
a.
When hiring for managerial jobs in high power distance countries, preference is generally given to individuals a. having a high social class or a degree from an elite university. b. from all social classes. c. based on their qualifications and skills. d. All of the above
a.
When industrialization is outward oriented, foreign exchange is a. Encouraged and exporting is promoted. b. Discouraged and exporting is not favored. c. Not welcomed. d. Used to fund governments in power.
a.
Which of the following religions has strict gender roles and also prohibits multinationals from paying or receiving interest on transactions? a. Islam b. Buddhism c. Christianity d. Jainism
a.
Which of the following religions is most practiced around the world? a. Christianity b. Buddhism c. Hinduism d. Islam
a.
Which of the following statements about globalization is false? a. Globalization is a simple evolutionary process. b. Not all economies of the world are benefiting equally from globalization. c. Terrorism, wars and SARS has limited and even reversed the effects of globalization. d. All of the above statements are false.
a.
Which of the following statements about the Internet and Information Technology is true? a. The Internet is benefiting companies worldwide b. Electronic communications does not allow companies to communicate with locations around the world. c. Information technology is not encouraging a borderless financial market. d. Information technology does not allow the sharing of information around the world.
a.
Which of the following statements is true about privatization? a. Developing nations have the highest rate of privatization. b. The leading privatizers in the world do not face competition. c. Privatization is the sale of private business to government investors. d. Privatization is absent in transition economies.
a.
Which of the following was first to begin negotiations to limit limit worldwide tariffs ? a. GATT b. WTO c. EU d. NAFTA
a.
Global trade has this important effect on developing new competitors. a. It facilitates the transfer of technology, allowing former assemblers to become creators. b. It facilitates the transfer of knowledge, allowing former builders to become assemblers. c. It reduces competition. d. It reduces rivalry.
a.
Hofstede's concept of masculinity refers to a. gender roles. b. the male percentage of population. c. male bonding. d. strength building.
a.
Market transitions during and since the 1980's c b. resulted in less reliance on markets and more on government controls. c. were about the same as prior to the 1980's. d. involved technical rather than political or economic change.
a.
One of the major reasons why global companies seek to develop standard products is because a. A standard product allows the company to save money because the same product can be sold anywhere. b. A company can be more responsive to local cultural conditions. c. It allows the company to invest more in research and development. d. All of the above
a.
Organizational culture refers to the a. Set of important understandings that members of an organization share. b. Expected ways of behaving for people in the same occupational group. c. Values and beliefs pertaining to doing business with a specific company. d. None of the above
a.
According to the text, all of the following includes factors that will shape the future business environment EXCEPT a. Blurring of industry barriers. b. Finding your niche. c. Ability to find cheap labor. d. Emphasis on innovation and the learning organization.
c.
Which of the following four religions are practiced by 71% of the world's population? a. Jainism, Hinduism, Islam and Christianity b. Hinduism, Christianity, Islam, and Sikhism c. Christianity, Hinduism, Islam and Buddhism d. Judaism, Christianity, Buddhism, and Islam
c.
Which of the following statements is TRUE regarding post-industrial societies? a. Post-industrial societies are characterized by the dominance of manufacturing sectors. b. Post-industrial societies tend to favor economic achievement. c. Post-industrial societies tend to emphasize quality of life over economic achievement. d. All of the above are true.
c.
Which of the following statements is true regarding a future oriented society? a. Managers and workers do not necessarily believe that hard work can lead to future success. b. People believe they can control nature. c. Organizational change is considered necessary and beneficial d. Individuals cannot influence the future.
c.
Which of the following statements regarding the European Union is true? a. The European Union no longer exists. b. The European Union includes Venezuela. c. The European Union has a common currency. d. All of the above are true.
c.
Which of the following systems encourage the pursuit of collective goals such as social equality and solidarity? a. Economic system b. Market economy c. Command economy d. Capitalist economy
c.
Which religion is considered to be timeless and eternal as it not based on a single founder or event? a. Jainism b. Christianity c. Hinduism d. None of the above
c.
An emphasis on leadership styles that appeal to duty and commitment to group goals are found primarily in countries with a. Low masculinity. b. Low uncertainty avoidance. c. Short term orientations. d. High collectivisim (low individualism).
d.
Anything that a government might do to affect a multinational adversely is known as a. Exchange rate risk. b. Business risk. c. Sales risk. d. Political risk.
d.
Countries high on uncertainty avoidance have norms, values, and beliefs such as a. Debates help you find the truth. b. Deviant people should be tolerated. c. Lack of rules in the workplace is good. d. Experts and authorities are usually correct.
d.
Discussing cultural paradoxes, the text indicates that although the US scores very high on individualism, it also has the highest percentage of a. unmotivated population. b. uncaring seniors. c. homeless people. d. charity giving in the world.
d.
Environmentalists are concerned that free trade encourages large multinational corporations to a. overlook poor countries in their expansion of production. b. concentrate environmental damage in their home country where they have influence. c. become too concerned about the environment and overlook the needs of the global economy. d. move environmentally damaging production to poor countries.
d.
In industrial societies, occupational placement is based on universalistic criteria such as a. Age. b. Religion. c. Ascription. d. Achievement
d.
Some people believe that the norms, values, and beliefs of their own culture represent the only correct ways of dealing with the world. This is called a. High power distance. b. Stereotyping. c. Androgyny. d. Ethnocentrism.
d.
The best definition of multinational management includes which of these factors: a. The formulation of strategies and management systems. b. Designed to take advantage of international opportunities. c. And to respond to international threats. d. All of the above.
d.
The economic agreement that links the US, Canada, and Mexico in an economic bloc that allows freer exchange of goods and services is known as the a. EU. b. OPEC. c. APEC. d. None of the above
d.
The index of economic freedom may be used by multinationals to understand the nature of a. market transitions b. national culture c. national context d. governmental intervention
d.
The role of education a. is no longer relevant to economic development due to the use of corporate training. b. is helpful in reducing competition from young people for full time jobs. c. is primarily of philosophical value. d. includes organizing networks of society's experiences for progress.
d.
The two forms of risk discussed in the text include a. Exchange rate risk and corruption risk. b. Business risk and social risk. c. Sales risk and employment risk. d. Economic and political risk.
d.
US firms often outsource customer service to workers in a foreign country. To minimize difficulties, such workers receive cross-cultural training which may include: a. Training workers to reduce or eliminate an accent. b. Educating workers regarding US culture. c. Requiring workers to speak only English while on duty. d. All of the above
d.
When a society expects that while men should work outside, and women ideally stay at home, this exhibits which of the following features? a. Need for domestic products b. Open societies c. Growing levels of industrialization and economic development d. Strict division of society by gender
d.
When industrialization is inwardly oriented, local industries are promoted to satisfy the a. Need to export. b. Local population. c. Requirements of multinational companies. d. Domestic market and preserve foreign exchange.
d.
Which of the 7d cultural dimensions represents the extent to which an individual's personal life is involved in his/her work relationships? a. Neutral versus affective b. Achievement versus ascription c. Time orientation d. Specific versus diffuse
d.
Which of the following are key social institutions that are the most likely to influence the business environment of a country? a. Economic system b. Level of industrialization c. Religion d. All of the above
d.
Which of the following cultural dimensions is NOT included in Hofstede's model of national culture? a. Power distance b. Individualism c. Masculinity d. Neutrality
d.
Which of the following has important implications for multinationals? a. Religion b. Education and economic systems c. Industrialization and inequality d. All of the above
d.
Which of the following is not an implication of educational systems as they apply to multinationals? a. Educational level gives an indication of the skill and productivity of workers in any society. b. Educational systems have implications for how labor force issues are approached and policies implemented. c. Educational levels can be gauged to give an idea of what multinationals can expect. d. All of the above are true
d.
Which of the following is true of the European Union? a. The EU consists of three countries: France, Germany, and Italy. b. The EU hopes to someday have a currency which will be common among many of its members but it has not yet been successful. c. Membership in the EU has been declining in recent years. d. None of the above are true.
d.
Which of the following religions is based on the idea that craving and desires produce suffering but that it also possible to reach a stage where there is no longer any suffering? a. Christianity b. Judaism c. Hinduism d. Buddhism
d.
Which of the following societies tend to determine occupations based on ascription (family background) and social status? a. Industrial societies b. Postindustrial societies c. Socialist societies d. Pre industrial societies
d.
Which of the following statements about the GINI index is FALSE? a. The GINI index represents the extent of inequality in people's income within a society b. Ranges from 0 to 100 c. Is scaled so that 0 represents no inequality while 100 represents perfect inequality d. Is scaled so that 100 represents no inequality while 0 represents perfect inequality
d.
The correct definitions of the levels of culture include all of these EXCEPT: a. The national culture, dominant within the political boundaries of a nation-state. b. The business culture, unique to each business. c. The organizational culture, shared by members of an organization. d. The occupational culture, shared by those in the same occupation.
b.
Training for conformity and obedience, with valuations based on compliance and trustworthiness characterize countries with a. Low power distance. b. High power distance. c. High individualism. d. Short term orientations.
b.
Which of the following best describes U.S. culture with regard to individualism? a. Lower than many European nations b. Highest observed so far c. About the same as Japan d. Slightly above average
b.
Seniority tends to dominate evaluation and promotion in a. Short term oriented cultures. b. Cultures high on uncertainty avoidance and low on individualism. c. Ethnocentric cultures. d. Doing rather than being cultures.
b. .
Preference for involvement in multiple areas of personal and work life simultaneously are more likely in a. Specific cultures. b. Diffuse cultures. c. Neutral cultures. d. Affective cultures.
b. Diffuse cultures.
Postindustrial societies are typically characterized by the dominance of a. Service and manufacturing sectors. b. Service sectors. c. Manufacturing sectors. d. Agricultural sectors.
b. Service sectors.
Businesses of all sizes are increasingly looking for global opportunities because a. Trade barriers are falling. b. Money is flowing more freely across countries. c. The world is becoming one interconnected economy. d. All of the above.
D.
Examples of developed economies would include: a. The U.S. and Japan. b. Hungary and Poland. c. Argentina and Brazil. d. Hong Kong and Singapore.
a.
6. Which of the following is not a classification of economic systems noted in the text? a. Domestic economies b. Transition economies c. LDCs d. Emerging markets
a.
A global mindset requires managers to think globally but a. act locally. b. have emotional intelligence. c. understand national cultures. d. need accomplished negotiation skills.
a.
A society that is characterized by dominance of the manufacturing or secondary sectors is a/an a. Industrial society. b. Pre-industrial society. c. Post-industrial society. d. Market society.
a.
According to research discussed in the text, which of the following may help managers become more culturally intelligent? a. Exposure to new cultural experiences in other countries b. Learning to trust each people from individualistic cultures c. Having a short term orientation d. All of the above are true
a.
According to the text, which of the following statements regarding workers in formerly socialist economies is NOT TRUE? a Workers in formerly socialist economies are very trusting of each other b. Workers in formerly socialist economies are generally reluctant to cooperate and work with each other c. Workers in formerly socialist economies tend to favor personal relationships as key to success as opposed to their work performance d. All of the above are true
a.
Aggressive multinational companies from emerging markets are a. expanding beyond their own borders. b. staying within their own national borders. c. help transition from a communist to a capitalist system. d. unable to compete with western companies.
a.
All of the following are dimensions of Hofstede's Model of National Culture EXCEPT: a. Power avoidance. b. Uncertainty avoidance. c. Masculinity. d. Long-term orientation.
a.
Cultural paradoxes represent a. Cases where situations in reality seem to contradict cultural prescriptions. b. The assumption that all people within a culture behave, feel and act the same. c. The belief that a person's culture is superior. d. The belief that one's culture is inferior.
a.
Cultural relativism represents a. The belief that all cultures are valid and ethical responses to the problems of living. b. The belief that some cultures are relatively better than others. c. The belief that your own culture is the best. d. The degree of similarity between business and national cultures.
a.
Emerging markets are defined as those that are: a. Growing rapidly. b. Transitioning from a communist-controlled economy to capitalism. c. Seen to have impact only sporadically. d. Enjoying a mature economy.
a.
Occupational cultures a. Are the norms, values, beliefs, and expected ways of behaving for people in the same occupational group. b. Are the set of important understandings that members of an organization share. c. Are norms, values, and beliefs that pertain to all aspects of doing business in a country. d. Are the dominant cultures within a country.
a. Are the norms, values, beliefs, and expected ways of behaving for people in the same occupational group.
The achievement versus ascription dimension addresses a. The extent to which an individual's life is involved with work. b. The manner by which a society gives status. c. The way a culture deals with the past, present, and future. d. The belief people have in controlling their fate.
b.
. Global standards for products a. Are virtually impossible in technical industries. b. Refer to having one product standard for all countries. c. Puts companies at a strategic disadvantage. d. All of the above
b.
A business culture is a. not a product of the national culture. b. a form of business etiquette for the multinational manager c. the same thing as occupational culture d. something that rarely exists.
b.
A complex of positions, roles, norms, and values organizing relatively stable patterns of human resources to sustain viable social structures refers to which of the following? a. Entrepreneurship b. Social institutions c. Comparative advantage d. Strategy of the multinational company
b.
A global product or service is a. Adapted for each country's unique needs. b. A similar product or service for all customers throughout the world. c. A product or service that requires bilingual customers. d. Products developed for use outside the country.
b.
A multinational Human Resource Manager's decision to promote an individual results in wide discontent in the foreign subsidiary. The manager finds that although the promoted individual's performance is exemplary, most employees feel that the promotion should have gone to another individual who comes from an important family. The foreign subsidiary is most likely located in a/an a. Industrial society. b. Pre-industrial society. c. Capitalist society. d. Post-industrial society.
b.
A new expatriate manager located in India reports to you that all of her subordinate local managers lack initiative and will only do what she tells them to do. You realize that most Indian managers expect superiors to tell them what to do. You advise her of this, but also caution the new manager to avoid: a. Rationalization. b. Stereotyping. c. Uncertainty avoidance. d. Ethnocentrism.
b.
According to the model discussed in the text, the national context does which of the following? a. Creates a resource pool b. Influences the business environment and helps create induced factor conditions c. Does not influence the business environment d. Does not help create induced factor conditions
b.
According to the text, the multinational company a. Is required to be a public corporation. b. Is any company that engages in any business function across borders. c. Must sell overseas to be a true multinational. d. Must be large.
b.
Developing economies are a. Mature economies with substantial per capita GDP and international trade. b. Hong Kong, Singapore, and Taiwan. c. Countries in the process of changing their economies from government-controlled to a more free market capitalism. d. None of the above
b.
Emerging markets include a. OECD countries. b. Brazil, China, Russia, India. c. Korea, Japan and USA. d. Hungary, Poland, Slovakia.
b.
High power distance countries have norms, values, and beliefs such as a. It is best to exercise power privately. b. Everyone has a place, some are high and some are low. c. A leader should develop his or her subordinates. d. Leaders are made and not born.
b.
High rankings on the materialist index of some countries (e.g., Hungary, India, Brazil) suggest that individuals in these countries are a. Favor non material incentives. b. Achievement oriented. c. Motivated by non-monetary rewards. d. Hinduism.
b.
In societies with high social inequality, resources are controlled by a. A majority of people. b. Very few people. c. The Government. d. Religious institutions.
b.
On which of Hofstede's value dimensions does the U.S. rank highest? a. Masculinity b. Individualism c. Patriotism d. Power distance
b.
The World Trade Organization: a. Is a major trading company. b. Succeeded the GATT agreements. c. Collects duties for member countries. d. Is a consulting group for companies who wish to engage in international trade.
b.
The _________ has positively contributed to globalization. a. fact that all multinational corporations have their home base in the most developed nations of Europe and North America. b. international dispersal of specialized human and natural resources needed for various stages of production c. efforts to achieve national self sufficiency d. A and C above
b.
The ability to interact effectively in multiple cultures is known as a. Trustworthiness. b. Cultural intelligence. c. Cultural relativism. d. None of the above
b.
. According to your text, FDI means a. Foreign development initiatives. b. Various investment policies of the U.S. government. c. A foreign company has an ownership position in a company in another country. d. A type of international negotiation strategy.
c.
. Global customers: a. Search for government-controlled enterprises. b. Provide reduced government trade protection. c. Search the world for their supplies without regard to national boundaries. d. Encourage large firms to sell to them.
c.
. The largest company in the world is: a. Wal-Mart Stores. b. BP. c. Royal Dutch Shell. d. Chevron.
c.
. The set of technical standards developed by the International Organization for Standardization are known as a. ISO 92. b. ISO 14000. c. ISO 9001: 2000. d. None of the above
c.
A culture which has dominant values of success, money, and material things is probably a. Low on power distance. b. Low on individualism. c. High on masculinity. d. High on long term orientation.
c.
A multinational operations manager may note that _____ may prescribe or proscribe behavior. a. beliefs b. values c. norms d. nothing
c.
According to the experts cited in your text, the next generation of global managers will need all of the following, EXCEPT: a. Emotional intelligence b. The ability to work with people from different cultural backgrounds c. Poor negotiation skills d. A local mindset
c.
According to the text, all of the following statements regarding education and educational systems around the world are TRUE except a. Universal education enrolment is a goal of most countries. b. Educational levels give an indication of the skill and productivity in any society. c. The focus of educational systems around the world are fairly similar in terms of whether these systems emphasize academic or vocational aspects. d. All of the above statements are true.
c.
All the following is true about culture EXCEPT a. Culture is the shared belief, norms, and values that guide everyday life of a group. b. Culture is passed from generation to generation through norms, values, and beliefs. c. Culture is always directly observable. d. Culture is very pervasive in societies.
c.
An example of cross-national distance involves a. differences in transportation systems used around the world. b. an opportunity for Google maps. c. differences in importance of the financial sector. d. the geographic size of various countries.
c.
An increased emphasis on quality of life over achievement oriented norms is typical of a. Pre-industrial societies. b. Industrial societies. c. Post-industrial societies. d. None of the above
c.
Aspects of the business culture in China include all of these EXCEPT: a. Business moves more slowly. b. One should respect Chinese business etiquette. c. It is important to praise individuals who excelled. d. The Chinese value harmony and order.
c.
Common means classifying economic systems involve the extent or absence of government______ production capabilities. a. ownership of b. influence and control of c. both A and B d. none of the above
c.
Cultural values: a. Represent our understandings about what is true. b. Prescribe and proscribe behavior. c. Tell us what is good and beautiful and what are legitimate goals in life. d. Provide solutions to problems of adaptation to the environment.
c.
Cultures with high power distance values probably have a. Participative leadership. b. Decentralized decision making. c. Large wage differences between management and workers. d. Managers selected by educational achievement.
c.
Economic risks discussed in the text include a. Anything a government might do or not do that might adversely affect a company. b. The likelihood of losing money if one invests in stocks. c. Exchange and interest rates. d. Expropriating of foreign firms by the local government without any compensation.
c.
Emerging markets are a. Located mostly in Africa and South America. b. Similar to developed economies. c. Those countries between developed and developing countries that present tremendous opportunities. d. have free trade areas.
c.
In which of the following societies would people most likely prefer non-monetary incentives? a. Industrial society b. Pre-industrial society c. Post-industrial society d. None of the above
c.
Issues that have created problems for some of the BRIC countries include a. economic downturns or a reduction in their once rapid rate of growth. b. corruption c. both a and b above. d. an ethical political and economic environment with growth so rapid that other countries may invade them.
c.
Multinational management is a. A strategy of developing similar strategies for different countries. b. The trend of business expanding beyond local boundaries. c. The formulation and design of management systems to successfully take advantage of international opportunities and respond to international threats. d. None of the above
c.
One important issue relevant to multinationals, is the extent to which educational systems encourage students to a. Be innovative and creative. b. To expect a more ethical atmosphere. c. Passively accept what is taught. d. None of the above
c.
The best example of a regional trade agreement that includes developed countries is a. CARICOM b. ECO c. EU d. UMA
c.
The cultural and economic changes that occur because of how production is organized and distributed in society refers to which concept? a. religion b. education c. industrialization d. dominant economic
c.
The educational attainment scores a. Are fairly similar for most countries. b. Give an idea of the abundance of engineers for research and development purposes. c. Reflect the mean years of schooling of people in any society. d. All of the above are true of educational attainment scores.
c.
The national context of a society is made up of a. The national and business cultures of that society. b. The social institutions of that society. c. The national cultures and social institutions of that society. d. The national cultures of that society.
c.
The range of feelings outwardly expressed in society refers to the cultural dimension of ________. a. Uncertainty avoidance b. Universalism vs. particularism c. Neutral vs. affective d. Diffuse vs. specific
c.
The strategic approach to multinational management a. Involves the development of one strategy for all countries. b. Focuses on the skills and aptitudes that the next generation of global managers will need. c. Is concerned with developing strategies that deal with operating in more than one country and culture. d. None of the above
c.
Transition economies are a. Mature economies with substantial per capita GDP and international trade. b. Led by Hong Kong, Singapore, South Korea, and Taiwan. c. Countries changing from government-controlled or communistic economies to a more free market capitalism. d. None of the above
c.
When a culture bases status on ________, one's inherent characteristics or associations define status. a. achievement b. religion c. ascription d. democracy
c.
When multinationals pay low wages or use child labor, they often receive a. Support and praise. b. Imprisonment. c. Negative publicity. d. Social responsibility.
c.
Which of the following cultural dimension represents the extent to which individuals are expected to be fair, altruistic, caring and generous? a. Performance orientation b. Individualism c. Humane orientation d. Power distance
c.
A cultural paradox is defined as: a. Group situations define cultural prescriptions. b. Individual situations define cultural prescriptions. c. Group situations contradict cultural prescriptions. d. Individual situations contradict cultural prescriptions.
d.
A multinational manager carefully considers the list of festivals that are celebrated in a country in order to allow for holidays for his/her employees. Which social institution is most likely being considered here? a. Industrialization b. Market transition c. Education d. Religion
d.
According to the text, which of the following two dimensions are not considered by Hofstede and is unique to the GLOBE cultural dimensions framework? a. Power distance and humane orientation b. Long-term orientation and uncertainty avoidance c. Masculinity and Individualism d. Humane orientation and performance orientation
d.
Which of the following statements is NOT TRUE regarding the experiences countries go through as they undertake market transitions from socialism to a more market based economy? a. Drastic measures have to be taken to turn around formerly inefficient companies. b. Managers' thinking have to be changed so that they can understand management functions. c. Financial systems have to be left unregulated to accurately reflect market prices. d. More workers have to be hired as companies find that they are understaffed.
d.
Which of the following would not be considered a basic source of globalization? a. Similar customer needs b. Falling of trade barriers c. Advances in communication technology d. Differentiation among countries
d.
