international business learning objectives

More of a way of thinking than a​ religion, ________ reflects a positive view of human nature and has a strong emphasis on ethical behavior. A. Buddhism B. Confucianism C. Hinduism D. Islam E. Judaism

Confucianism

A company with​ ________ or fewer employees is defined as an SME. A. ​1,500 B. ​1,000 C. ​2,500 D. ​2,000 E. 500

500

​________ is an inflexibly held attitude that is generally negative and typically aimed at particular groups of people. A. High culture B. A prejudice C. Power distance D. A custom E. A value

A prejudice

In​ 2017, which region had the smallest proportion of Internet​ users? A. The Middle East B. Latin America C. Europe D. Africa E. North America

Africa

Which one of the following is an example of globalizing​ manufacturing? A. A Mexican software company opens a Research and Development department in China. B. An Indian apparel company sets up a factory in Madagascar. C. A Swiss watch maker signs distribution contracts with retail stores around the world. D. A British bank opens loan offices in the United​ States, Sri​ Lanka, and Guatemala. E. A U.S. paper manufacturer opens sales offices in Germany and Kazakhstan.

An Indian apparel company sets up a factory in Madagascar.

Which term refers to unconscious​ judgments, often not based on logical​ facts, about what is​ good, acceptable,​ important, and​ normal? A. Acculturation B. Customs C. Socialization D. Values E. Attitudes

Attitudes

Which of the following is a motivation for international​ expansion? A. Being closer to supply sources B. Gaining distance from competitors C. Being closer to political risk to manage it D. Developing diseconomies of scale E. Lowering profit margins

Being closer to supply sources

Which religion is composed of the Four Noble Truths and encourages​ harmony, internal​ happiness, and peaceful interactions with​ others? A. Confucianism B. Hinduism C. Judaism D. Islam E. Buddhism

Buddhism

In​ ________, people are primarily concerned with their own​ self-interest, and ties among individuals are fairly loose. A. individualistic societies B. ​high-context cultures C. ​low-context cultures D. collective cultures E. masculine societies

individualistic societies

​________ risk represents possible losses or failures as a result of poorly developed or implemented business​ strategies, tactics, or procedures. A. Political B. Currency C. Commercial D. Country E. ​Cross-cultural

Commercial

​________ represents possible losses or failures as a result of poorly implemented business​ strategies, maneuvers, or processes. A. Currency risk B. Commercial risk C. Country risk D. Political risk E. ​Cross-cultural risk

Commercial risk

Which of the following represents the trend of economic disaster spreading from one country to​ another? A. Contagion B. Country risk C. Pollution D. Globalization E. Internationalization

Contagion

Mohammed lives in Turkey. Juan lives in Mexico. Both men were able to purchase the latest Mac book from their local retailer the day Apple released the new product. The functionality of the computer is the same with exception of the​ keyboard, which is customized for each language. This is an example of which of the​ following? A. Growth of global investment and financial flows B. Rise of regional economic integration blocs C. Globalization of production D. Globalization of services E. Convergence of consumer lifestyles and preferences

Convergence of consumer lifestyles and preferences

​Consumers' daily​ lives, partialities toward​ products, and spending habits all over the world are becoming increasingly similar. Popular brands now have global​ followings, and materials are becoming more standardized. This represents which dimension of​ globalization? A. Progression of international ventures and economic movements B. Globalization of production C. Globalization of services D. Integration and interdependence of national economies E. Convergence of customer preferences and standards

Convergence of customer preferences and standards

​________ involves possible adverse effects on operations and profitability due to developments in the​ political, legal, and economic environments of a foreign country. A. Country risk B. Commercial risk C. Currency risk D. Financial risk E. ​Cross-cultural risk

Country risk

Which of the following terms represents unique traditions that serve as guides for interpreting​ attitudes, values, and​ behaviors? A. ​Self-reference criterion B. Acculturation C. Polycentric D. Cultural metaphor E. Idiom

Cultural metaphor

Which one of the following statements regarding culture is​ accurate? A. Culture is usually about personal behaviors. B. Culture comes from social settings. C. Culture is not usually affected by contemporary means of communication. D. Culture is something that is hereditary. E. Culture is the same across all nationalities.

Culture comes from social settings.

Which one of the following is a true statement about​ culture? A. Culture is not​ relative, but rather is absolute. B. There are no examples of individual exceptions to a collective culture. C. Culture is not derived from the social environment. D. Culture is not inherited. E. Culture is not collective or​ group-based.

Culture is not inherited.

Which term refers to the risk of adverse fluctuations in exchange​ rates? A. Political risk B. Commercial risk C. ​Cross-cultural risk D. Country risk E. Currency risk

Currency risk

Which one of the following motivations for international expansion involves expanding overseas in order to grow the customer base and increase the number of products being​ manufactured? A. Earning higher margins B. Being closer to supply sources C. Confronting international competitors D. Developing economies of scale E. Gaining new ideas about products

Developing economies of scale

Which cause of globalization BEST explains why some emerging markets have increased their standards of living and become competitive producers and exporters of computers and​ software? A. Technological advances B. Financial markets integrating on a global scale C. A global decrease in barriers to trade D. The implementation of free markets E. Economic development and industrialization

Economic development and industrialization

What has been the result of making improvements to​ Nigeria's cell phone​ infrastructure? A. Facilitating the use of​ computer-aided design in manufacturing. B. Enhancing economic growth and productivity. C. Changing the transportation infrastructure. D. Reducing corporate expenditures on information technology. E. Reducing corporate social responsibility requirements.

Enhancing economic growth and productivity.

​________ are corporations or individuals with expertise in​ finance, legal​ advice, customs​ clearance, or support services that help firms perform international business transactions. A. Freight forwarders B. Distribution channel intermediaries C. Focal firms D. Facilitators E. Governments

Facilitators

Which one of the following best explains the globalization of​ production? A. Manufacturing firms and governments buy and sell large quantities of global currencies. B. Globally active corporations develop multinational operations through the exchange of​ goods, financial​ ventures, and various​ value-chain activities. C. Consumer shopping habits indicate changing trends and preferences to which manufacturers must respond. D. Firms reduce manufacturing costs and retail prices by moving manufacturing activities to nations with lower costs of labor. E. Regional trade agreements like the North American Free Trade Agreement facilitate reduced trade barriers among member nations.

Firms reduce manufacturing costs and retail prices by moving manufacturing activities to nations with lower costs of labor.

​________ initiate international business activities by​ envisioning, crafting, and creating goods and services for global buyers. A. Distribution channel intermediaries B. Retailers C. Importers D. Government agencies E. Focal firms

Focal firms

Which one of these describes a strategy that involves a​ firm's establishing a presence overseas by acquiring productive assets such as​ land, plants,​ equipment, capital, and​ technology? A. Exporting B. Globalization of markets C. International portfolio investment D. Foreign direct investment E. Internationalization

Foreign direct investment

Which statement about masculine and feminine cultures is​ correct? A. In feminine​ cultures, it is mainly women who play nurturing roles. B. Gender roles typically overlap in feminine cultures. C. The United States is considered a highly feminine culture. D. In masculine​ cultures, mainly the men make​ achievement, ambition, and economic growth a high priority. E. In masculine​ cultures, work is viewed as a way to earn money to get the most out of life.

Gender roles typically overlap in feminine cultures.

​________ involves a company paying external suppliers and​ contractors, who are located in foreign​ nations, to perform​ value-adding activities. A. Sovereignty B. Reshoring C. Offshoring D. Global outsourcing E. Foreign direct investment

Global outsourcing

​________ inspires corporations to establish their​ sourcing, producing, and promoting activities on a worldwide scale in order to attain lower costs with higher efficiency. A. Country risk B. Contagion C. Globalization D. Foreign direct investment E. Sovereignty

Globalization

Which term refers to the continuing economic assimilation and interdependency of countries across the​ globe? A. Internationalization B. Global sourcing C. Globalization of markets D. Country risk E. Importing

Globalization of markets

​________ refers to the steady integration and increasing interdependence of economies. A. Industrialization B. Globalization of markets C. Foreign direct investment D. Global sourcing E. ​Cross-border trade of commodities

Globalization of markets

Which one of the following is considered an important measure of economic development of a country that often characterizes lower levels of​ globalization? A. Gross domestic product B. Gross national income per person C. The underground economy D. Sovereignty E. Number of supranational institutions

Gross national income per person

Which dimension of market globalization is a result of the North American Free Trade​ Agreement, as well as other​ countries' agreements that have facilitated reduced trade barriers among their​ members? . Merging of customer preferences and standards B. Incorporation and interdependence of global markets C. Globalization of manufacturing D. Growth of regional economic integration blocs E. Progression of international ventures and economic movements

Growth of regional economic integration blocs

​________ is a religion that is not associated with one particular prophet. It is an​ open-hearted faith that fully accepts other faiths and is inspired by central concepts called dharma and karma. A. Judaism B. Islam C. Hinduism D. Buddhism E. Confucianism

Hinduism

Which one of these factors is driving global economic​ transformation? A. Industrialization in​ fast-growth developing economies B. Increasing numbers of NGOs C. Nationalization of large companies D. Trade wars among developed and developing economies E. Protectionism of domestic industries

Industrialization in​ fast-growth developing economies

Which term refers to an expression whose symbolic meaning differs from the literal​ meaning? A. Cultural metaphor B. Idiom C. Nonverbal communication D. ​Self-reference criterion E. Polycentric orientation

Idiom

Based on her studies of international​ business, Yolanda Sanchez decides to buy paper for her office supply store from wood grown in sustainable forests in​ Canada, even though the sustainable paper costs more than other paper. Considering the reasons to study international​ business, which of the following best explains Yolanda​ decision? A. Creating a competitive advantage for her business B. Contributing to national economic​ well-being C. Facilitating the global economy and interconnectedness D. Establishing a competitive advantage for herself E. Implementing corporate citizenship efforts

Implementing corporate citizenship efforts

Many small enterprises are creating products for international markets using​ 3-D printers. Product plans and designs can be found simply by searching online. Using the Internet to design products is an example of which area of technological​ advancement? A. Basic scientific research B. Manufacturing C. Communications D. Transportation E. Information technology

Information technology

Which term describes the knowledge and process of creating and utilizing informational​ resources? A. Manufacturing infrastructure B. Information technology C. Value chain D. Communications E. Information reshoring

Information technology

Which of the following statements regarding information technology is​ accurate? A. Given the added investment​ costs, a result of advances in information technology has been a decrease in early internationalization by​ small- and​ medium-sized enterprises. B. Information technology benefits only larger firms due to the design and production of customized products being targeted to more narrow market niches. C. The cost of computer processing has increased by more than​ 30% in the past 30 years. D. Information technology has created a competitive advantage for firms by allowing them more opportunities to outdo their competitors. E. Technology enables companies to interact with their partners globally in a timelier but less​ cost-effective manner.

Information technology has created a competitive advantage for firms by allowing them more opportunities to outdo their competitors.

Your roommate is uncertain about a college major. Knowing that she is passionate about social and environmental​ causes, you suggest that she major in international business. When she graduates and works for a large​ company, you assert that she will be able to influence the​ company's actions as they affect society and the environment. Which one of the following reasons for studying international business are you​ advocating? A. International business creates a competitive advantage for businesses. B. International business creates a competitive advantage for individual workers. C. International business supports sustainability and corporate citizenship. D. International business contributes to national economic strength. E. International business facilitates the global economy and its interconnectedness.

International business supports sustainability and corporate citizenship.

​________ involves the allocation of assets to another country or the attainment of assets in that particular country.

International investment

​________ is inspiring quicker dispersion of consumer products and brands across the globe. A. Importing B. International trade C. Global sourcing D. Foreign direct investment E. Country risk

International trade

Which term refers to the trend of corporations to methodically expand their worldwide business​ activities? Global sourcing B. ​Cross-cultural activity C. Internationalization D. Globalization of markets E. Importing

Internationalization

​Dariya's religion is based on a holy book called the ​Qur'an. She participates in daily ritual​ prayers, fasts during certain times of the​ year, and gives to charities. Her religion prohibits the consumption of alcohol or wearing revealing clothing. What religion does Dariya​ practice? A. Judaism B. Hinduism C. Buddhism D. Islam E. Confucianism

Islam

​China, India, and Eastern Europe have become known as​ cost-effective places for producing goods and​ services, and they have attracted an increasing amount of foreign capital into their economies. Which driver of globalization best explains this​ occurrence? A. Financial markets integrating on a global scale B. Technological advances improving efficiency at a global scale C. Market liberalization and implementation of open markets D. A global decrease in barriers of trade E. Industrialization and rebuilding

Market liberalization and implementation of open markets

​________ involves companies transferring​ value-chain activities to more economical sites in foreign countries. A. Offshoring B. Reshoring C. Global sourcing D. Contagion E. Global outsourcing

Offshoring

Which dimension of globalization involves the unrestricted movement of capital and the expanded networks of economies throughout the​ world? A. Incorporation and interdependence of global markets B. Globalization of production C. Growth of local financial integration alliances D. Progression of international investments and financial activities E. Merging of customer preferences and standards

Progression of international investments and financial activities

A U.S. manufacturer of automatic car wash equipment has seen its U.S. sales decline. The manufacturer decides to expand into Mexico and Canada. This is an example of which one of the following motivations for international​ expansion? A. Developing economies of scale in​ sourcing, production,​ marketing, and​ R&D. B. Pursuing prospects for growth through market diversification. C. Learning about novel approaches in products and services. D. Meeting the needs of valuable customers who live overseas. E. Taking advantage of better raw material options in pricing and suppliers.

Pursuing prospects for growth through market diversification.

Material productions are​ ________. A. ​morals, philosophies,​ principles, and attitudes of the members of a culture B. observations of space and time C. patterns of social activities within a culture D. ​letters, statistics, and numbers that support the financial and social infrastructure E. items and technologies that people create to fill some purpose within their environments

items and technologies that people create to fill some purpose within their environments

What should governments do to reduce the harm of globalization while also acquiring the benefits associated with​ globalization? A. Make it more difficult to enter new markets. B. Nationalize foreign companies. C. Make private property more accessible. D. Regulate financial institutions appropriately. E. Support exchange through political processes.

Regulate financial institutions appropriately.

A person with​ a(n)________ orientation has a strong orientation to time and is dependent on strict agendas and promptness. A. polychronic B. polycentric orientation C. geocentric D. monochronic E. ethnocentric

monochronic

Which one of the following is an upstream​ value-chain activity? A. Customer service B. Transportation C. ​After-sales service D. Marketing E. Research and development

Research and development

ABC Enterprises transferred some of its manufacturing and other​ value-chain activities to a more​ cost-effective location in China five years ago.​ Recently, ABC Enterprises has undergone a change in​ management, and the new manager has decided to move those​ value-chain and manufacturing activities back to the home country. In which one of the following is ABC​ participating? A. Offshoring B. Global outsourcing C. Sovereignty D. Global sourcing E. Reshoring

Reshoring

​A(n) ________ is a large corporation with significant resources that executes countless business activities through a system of subsidiaries and affiliates located in various countries. A. multinational enterprise B. born global firm C. NGO D. SME E. exporter

multinational enterprise

Which one of the following statements is most likely​ true? A Risks can be​ avoided, but not​ managed, by taking proactive action. B. Commercial risks can be avoided by constantly conducting research to find out how to prevent them. C. Country risk and​ cross-cultural risk can be managed and​ anticipated, but currency risk cannot. D. Political risks can be avoided by having a company presence in the country. E. Risks cannot be​ avoided, but they can be managed and anticipated.

Risks can be​ avoided, but not​ managed, by taking proactive action.

Which phase of globalization is composed of the growth and supremacy of multinational enterprises in the industrial and agricultural​ industries? A. Third phase B. Second phase C. Fourth phase D. First phase E. Fifth phase

Second phase

​________ refers to the degree of competence a country has in overseeing its own matters. It implies that the laws of one country cannot be applied to another country. A. Offshoring B. Sovereignty C. Reshoring D. Contagion E. Global sourcing

Sovereignty

Problems related to​ ________ relate to difficulties in building and maintaining business relationships due to differences in the​ cultures, interests, and goals of firms. A. ​union-management relationships B. negotiations C. teamwork D. technology E. organizational structure

negotiations

When a company transfers its​ value-chain activities by launching a subsidiary in a foreign​ country, it is called​ ________. A. contagion B. reshoring C. relaunching D. offshoring E. exporting

offshoring

Which of the following is NOT a motive for firms to​ internationalize? A. To supplement unemployment in the domestic market by fostering foreign talent. B. To identify growth prospects by exploring market expansion. C. To take advantage of better raw material options and suppliers. D. To learn about novel approaches in products and services. E. To meet the needs of valuable customers who live overseas.

To supplement unemployment in the domestic market by fostering foreign talent.

A grocer in Niagara​ Falls, Ontario, regularly bought vegetables from farmers in​ Rochester, New York. The invention of the telephone during this phase made it much easier for the grocer to call the New York farmers to ask about current prices and adjust her selling prices. In what phase of globalization did this situation​ occur? A. The third phase—1948 to the 1970s B. The fourth phase—1980s ​- 2006 C. The first phase—1830 to the late 1800s D. The fifth phase—2007 to the present E. The second phase—​1900-1930

The first phase—1830 to the late 1800s

Which one of the following globalization drivers increased monetary connectivity and simplified​ cross-border transactions? A. Global decreases in barriers to trade B. The implementation of free markets C. Advancements in communication technology D. Industrialization in underdeveloped nations E. The integration of global financial markets

The integration of global financial markets

Which one of the following factors best explains why trade growth has outperformed GDP growth over the​ years? A. Decline in technologies. B. ​Low-cost manufacturers sourcing products from developed countries. C. The liberalization of markets. D. The rise of trade barriers. E. The fall of emerging markets in the past 30 years.

The liberalization of markets.

Which phase of globalization was triggered by the rise of electricity and steel​ production? A. The second phase—​1900-1930 B. The fifth phase—2007 to the present C. The third phase—1948 to the 1970s D. The fourth phase—1980 ​- 2006 E. The first phase—1830 to the late 0800s

The second phase—​1900-1930

Which of the following is a motive for international​ expansion? A. To share technology with other countries. B. To seek opportunities to minimize localization. C. To seek opportunities for growth through market concentration. D. To stay close to supply sources. E. To encourage growth of competition in the home market.

To stay close to supply sources.

In some​ countries, which of the following would be affected by a lack of status differences between employees and​ managers? A. Technology usage B. Organizational structure C. Attitudes toward ambiguity D. Supplier-buyer relationships E. Union-management relationships

Union-management relationships

Which of the following terms represents the arrangement of activities conducted by a company in the course of​ creating, manufacturing,​ promoting, and servicing a​ product? A. Value chain B. Global sourcing C. Globalization of markets D. Internationalization E. Contagion

Value chain

Which cultural dimension forms the basis for personal motivations and​ behaviors? A. Manners and customs B. Education C. Values D. Symbolic productions E. Perceptions of time

Values

What is one of the most significant expressions of a culture that provides cultural​ insight? A. Verbal language B. Manners C. Morality D. Creativity E. Time perception

Verbal language

The​ ________ consists of approximately 160 countries worldwide and was created to control and safeguard fairness in international trade and investments. A. APEC B. NAFTA C. GATT D. IMF E. WTO

WTO

The formation of the WTO and the emergence of economic integration blocs led to​ ________. A. technological advances B. financial markets integrating on a global scale C. a global decrease in barriers to trade D. industrialization and innovation E. market liberalization and implementation of free markets

a global decrease in barriers to trade

The sequence of activities implemented by a company in the course of​ creating, manufacturing,​ promoting, and servicing a product is known as​ ________. A. a value chain B. globalization of markets C. global sourcing D. internationalization E. a contagion

a value chain

When an individual goes through a process of becoming acclimated to a different​ culture, it is called​ ________. A. individualism B. culturalism C. socialization D. adaptation E. acculturation

acculturation

One of the most noteworthy influences on globalization has been​ ________. A. industrial​ growth, financial​ expansion, and innovation B. a global decrease in barriers to trade C. financial markets integrating on a global scale D. market liberalization and the implementation of free markets E. advances in​ technology, including​ communications, data, and engineering

advances in​ technology, including​ communications, data, and engineering

​Cross-cultural differences in business can lead to problems with​ ________, which is when information and instructions can be understood in multiple ways. Question content area bottom A. cultural bias B. negotiations C. teamwork D. ambiguity E. collectivism

ambiguity

For the U.S.​ economy, international trade is a critical element that generates one of every seven dollars of U.S. sales. This fact supports the idea that studying international business​ ________. A. supports sustainability efforts in the U.S. B. creates a competitive advantage for firms C. facilitates the interconnectedness of the global economy D. creates a competitive advantage for individual employees E. contributes to the health of the U.S. economy

contributes to the health of the U.S. economy

For some​ jobs, traveling the world and meeting people from various cultures and backgrounds facilitates career growth. In such​ cases, studying international business is most likely​ ________. A. facilitating global interconnectedness B. contributing to a​ nation's economic health C. creating a competitive advantage for an individual D. supporting sustainability and corporate citizenship E. creating a competitive advantage for a small business

creating a competitive advantage for an individual

A newly established corporation that begins international business activity very early in its​ development, allowing it to move promptly into overseas​ markets, is called a​ ________. Question content area bottom Part 1 A. born global firm B. multinational enterprise C. nongovernment organization D. ​medium-sized enterprise E. focal firm

born global firm

The​ values, beliefs, and customs of a group of people are known as​ ________. A. society B. socialization C. acculturation D. monochromic orientation E. culture

culture

The trend of financial crises spreading from one country to another is known as​ ________. A. pollution B. globalization C. ​cross-cultural risk D. contagion E. internationalization

contagion

In international​ business, ________ primarily relates to whether a firm is​ centralized, decentralized,​ bureaucratic, or entrepreneurial. A. technology B. a negotiation method C. teamwork D. organizational structure E. product development

organizational structure

In​ a(n) ________​ culture, people are​ flexible, and they value multitasking and spending a lot of time with others. Such cultures do not put much emphasis on time and schedules. A. monochronic B. individualistic C. socialized D. polychronic E. symbolic

polychronic

The spread of Starbucks around the world is an example of the​ ________ of markets. A. technological advancement B. globalization C. modernization D. industrialization E. market liberalization

globalization

A​ ________ is a professional company that offers logistics and marketing services for focal firms as part of worldwide supply chains. A. distribution channel intermediary B. domestic business C. public sector D. facilitator E. freight forwarder

distribution channel intermediary

Assets such as​ technology, capital, and managerial talent are known as​ ________. A. international portfolio investments B. accrued expenses C. factors of production D. distribution channel intermediaries E. foreign direct investments

factors of production

​A(n) ________ orientation has a global mindset without regard to country boundaries and is open to diversity among cultures. A. ​high-context B. ​home-country C. polycentric D. geocentric E. ethnocentric

geocentric

​Cross-cultural differences can impact a​ firm's activities. A firm that​ ________ primarily faces language and​ cross-cultural difficulties due to significant interaction with customers. A. uses a centralized structure B. provides services C. negotiates contracts D. collaborates with domestic partners E. uses translation technology

provides services

​Leon's Luxury​ Clothing, located in​ Manhattan, designs a line of high end summer apparel for professional men and women. The company is considering opening a location in Brazil. The most likely reason for this international expansion is to​ __________. A. gain new ideas about​ products, services, and business methods B. seek opportunities for growth through market diversification C. gain access to​ lower-cost or better factors of production D. earn higher margins and profits E. serve key customers that have relocated abroad

seek opportunities for growth through market diversification

Joe has just relocated to China for work and is in the process of learning the​ rules, behaviors, and lifestyles that are considered appropriate in Chinese society. Joe is engaged in​ ________. A. social mobility B. monochronic orientation C. socialization D. social stratification E. collectivism

socialization

When a domestic firm seeks opportunities in foreign​ markets, the​ firm's motive is best described as​ ________. A. defensive B. strategic C. operational D. tactical E. reactive

strategic

Societies that score low on uncertainly avoidance​ ________. A. value stable careers B. take their time when making decisions C. create many rules to control worker behavior D. include countries like​ India, Jamaica, and the United States E. take risks and make decisions quickly

take risks and make decisions quickly

A European clothing retailer postponed acquiring firms located abroad due to a fear of not being able to work well with foreign business partners and being unable to integrate the different cultures. The clothing retailer was primarily concerned about​ cross-cultural differences affecting​ ________. A. attitudes toward ambiguity B. contract negotiations C. ​union-management relationships D. teamwork E. organizational structure

teamwork

The greatest significance of globalization is reflected directly in a​ company's ________. A. balance sheet B. market share C. offshoring activities D. reshoring efforts E. value chain

value chain

​Lifestyles, customs, and religion have a potential for causing which type of international business​ risk? Currency B. ​Cross-cultural C. Commercial D. Profit E. Country

​Cross-cultural

​________ refers to a situation in which a human value is at stake due to a cultural misunderstanding. A. Commercial risk B. Currency risk C. ​Cross-cultural risk D. Political risk E. Country risk

​Cross-cultural risk

India has become a prominent provider of software​ technologies, and Brazil has become a frontrunner in commercial aircraft development. Which cause of globalization is illustrated by these​ examples? A. Financial markets integrating globally B. Market liberalization and the implementation of free markets C. Worldwide reduction in trade barriers D. ​Industrialization, economic​ growth, and innovation E. Technological advancements in communication networks

​Industrialization, economic​ growth, and innovation

​________ is the tendency to view other cultures through the lens of​ one's own culture. A. ​Self-reference criterion B. Tolerance for ambiguity C. Critical incident analysis D. Adaptability E. Perceptiveness

​Self-reference criterion

​A(n) ________ values nonverbal messages and sees communication as a way to encourage harmony in relationships. A. ​low-context culture B. masculine culture C. collective culture D. ​high-context culture E. individualistic culture

​high-context culture

Tamika believes that business contracts should be very exactly worded. Because of bad​ experiences, she does not trust agreements based on​ assumptions, handshakes, or unspoken understandings. Tamika trusts extensive verbal explanations and spoken words more than relationships. She is from a​ ________ culture. A. ​high-context B. polychronic C. ​low-context D. monochronic E. deep

​low-context