MAN 3600
Which of the following countries hosts the greatest number of MNEs
US
Which of the following refers to the extent to which people can tolerate risk in their lives
Uncertainty avoidance
Acculturation is defines as the process of
Adjusting and adapting to a culture other than one's own
Refers to the superior features of a country that provide unique benefits in global competition, typically derived from either natural endowments or deliberate national policies
Comparative advantage
Low-context cultures tend to
Conduct negotiations as efficiency as possible
International business is also known as which of the following
Cross-border business
Managers can achieve effective cross-cultural interaction by
Keeping an open mind and being inquisitive
Which of the following is true about language
Language has both verbal and nonverbal characteristics
Refers to the transfer of assets to another country or the acquisition of assets in that coutnry
International investment
Which of the following countries is the leading nation in the international services trade as % of GDP
Ireland
Which of the following is true with regard to culture
It captures how the members of the society live
The belief that national prosperity is the result of a positive balance of trade, achieved by maximizing exports and minimizing imports
Mercantilism
A _____ is one or more resources or capabilities a company possesses that few other firms have
Monopolistic advantage
According to Michael Porter, a nation's factor endowments help determine its
National competitive advantage
Which of the following is an element of the comparative advantage principal
Relative efficiency of production
Values in a culture
Represent a person's judgments about what is good or bad, acceptable or unacceptable, important or unimportant, and normal or abnormal
Which of the following countries has the most foreign reserves per capita
Singapore
In the _____ phase of international product life cycle theory, knowledge about how to produce the product is widespread and manufacturing becomes straightforward
Standardization
Which of the following types of risk is not presented in the course as a risk associated with international business
Technological risk
Which of the following was the analysis revealed by the "Leontief paradox"
That the US often exported labor-intensive goods and imported more capital-intensive goods