MGT CH 8 Quiz

What are the two types of political risk that affect companies conducting global business?

Political uncertainty and policy uncertainty

Global business is defined as the buying and selling of goods and services by people from different countries. T or F

True

Global joint ventures can be difficult to manage because they represent a merging of four cultures. T or F

True

One of the disadvantages of global joint ventures is that, like licensing and franchising, they help companies avoid tariff and nontariff barriers to entry. T or F

False

_____ refers to the risk associated with changes in laws and government schemes that directly affect the way foreign companies conduct business.​

Policy uncertainty

According to Hofstede's research on cultural dimensions, _____ cultures emphasize the importance of relationships, modesty, caring for the weak, and quality of life.

feminine

According to Hofstede, when people in a culture are oriented to the present and seek immediate gratification, that culture is described as _____.

having a short-term orientation

German chip manufacturer, Infineon AG, has joined with Motorola Inc. and Agere Systems Inc. to establish a new company in order to develop and license chip designs for cellphones. These three companies have created a _____.

joint venture

​Tugstinia is one of only two countries in the world that produces a mineral required in the manufacturing of cellular phones. Several mining companies recently moved their operations out of the region due to a civil war resulting from a change in rulers. This is an example of how can influence global business.

political uncertainty

To protect its farmers, Japan put limitations on the amount of mushrooms and leeks that could be imported from China. This limitation is an example of a(n) _____.

quota