MAN3600: Chapter 5, BUSA 3000 Ch 2 ( part 1), Marketing: International Business Chapters 1-4
Converging lifestyles and preferences worldwide help to promote traditional values in individual countries. a. true b. false
False
The Internet has increased the cost of transmitting voices, data, and images.
False
Firms are sometimes motivated to enter new markets because of unfavorable conditions in the home market, such as regulation or declining local industry sales.
True
The initial phase of globalization was triggered in part by the introduction of the railroad. a. True b. False
True
Widespread corruption hinders economic development
True
In countries with questionable ethical norms, it is usually ill-advised to maintain ethical standards superior to what is required by local laws and values.
False
In helping identify ethical problems, the firm's code of conduct should be tailored to match the norms of each individual region from which the firm operates
False
In helping identify ethical problems, the firm's code of conduct should be tailored to match the norms of each individual region from which the firm operates.
False
Industrialization implies that emerging market countries are increasing their dependence on low-cost labor. a. true b. false
False
Intellectual property rights law enacted in one country are enforceable worldwide
False
Intellectual property rights law enacted in one country are enforceable worldwide.
False
Japan and China are examples of low-context cultures.
False
Large multinationals are not constrained by market forces because they can exert considerable influence on governments through lobbying.
False
Managers with an ethnocentric view of the world are generally better at understanding and dealing with similarities and differences among cultures.
False
Nationalization refers to the gradual integration and growing interdependence of national economies.
False
Scholars examining ethics from the perspective of relativism hold that ethical truths are absolute
False
Standards of ethical behavior are uniform worldwide
False
Standards of ethical behavior are uniform worldwide.
False
The Great Depression marked the beginning of the second phase of globalization. a. True b. False
False
The end of the Cold War in 1989 hindered the forces of market liberalization in Eastern Europe. a. true b. false
False
The five approaches to analyzing ethical problems rarely conflict with each other.
False
CSR improves employee perceptions of a company, which in turn enhances their loyalty and focus on company goals
True
Company logos, trademarks, national flags, and historical monuments are considered symbolic productions.
True
The globalization of markets refers to the growing independence and self-sufficiency of countries worldwide.
False
The rate of speed at which nations integrate into the global economy is relatively consistent, regardless of income level. a. true b. false
False
The utilitarian approach is based on the belief that, regardless of how one deals with an ethical dilemma, human dignity must be preserved.
False
Corporate codes of conduct emphasize standards related to ethics and social responsibilities.
True
Corporate social responsibility represents the apex of the pyramid of ethical behavior.
True
Countries that liberalize international trade and investment enjoy faster per-capita economic growth.
True
Cross-cultural proficiency is characterized by four key personality traits: tolerance for ambiguity, perceptiveness, valuing personal relationships, and flexibility and adaptability.
True
Cultural differences necessitate adapting marketing activities to suit the specific needs of target markets.
True
Cultural intelligence focuses on specific capabilities important for high-quality personal relationships and effectiveness in culturally diverse settings and work groups.
True
Cultural values and attitudes can be transmitted through a variety of sources including parents, teachers, friends, government leaders, movies, television, and the Internet.
True
Ethical behavior is critical to business success
True
Ethical behavior is essential for business success.
True
Ethics and appropriate behavior transcend all international business activities and figure prominently in management decisions about financial performance and competitive advantage
True
Ethnocentric assumptions lead to poor business strategies in both planning and execution.
True
Failure to adopt CSR behaviors can have high detrimental effects on a company
True
Firms that pursue internationalization as a strategic move tend to approach global competition more aggressively than do firms that internationalize for reactive reasons. a. true b. false
True
For manufacturing companies, on a per-unit-of-output basis, high volumes of production are correlated with lower per-unit cost.
True
Globalization has led buyers to become more demanding and to shop for the best value worldwide. a. true b. false
True
Globalization of production activities and services is a dimension of market globalization.
True
Globalization results in more demanding buyers who shop for the best deals worldwide.
True
Grease payments intended to expedite transactions are both accepted and legal in many countries
True
Grease payments intended to expedite transactions are both accepted and legal in many countries.
True
In China and Japan, a person's age is the most important determinant of employee promotion.
True
In advanced regional economic integration blocs such as the "common market," barriers are removed to the cross-border flow of factors of production. a. true b. false
True
In collectivist societies, competition for resources is the norm, and those who compete best are rewarded financially.
True
In cultures with a monochronic view of time, people view time as linear, managers make commitments, set deadlines, and adhere to a strict schedule of meetings and activities.
True
In deal-oriented cultures, managers focus on the task at hand and prefer getting down to business.
True
One contribution of the World Trade Organization is to help maintain reduced trade barriers throughout the world. a. True b. False
True
One method used by global companies to drive down prices is product standardization. a. true b. false
True
Piracy is equivalent to counterfeiting
True
Technological advances have helped make internationalization affordable for all sizes of firms.
True
Technological advances have helped make internationalization affordable for all sizes of firms. a. true b. false
True
The Global Reporting Initiative pioneered the development of the most widely used sustainability reporting framework.
True
The five approaches to analyzing ethical dilemmas often lead to similar solutions
True
The initial phase of globalization was triggered by the introduction of the railroads and ocean transport.
True
The two primary types of international investment are portfolio investment and foreign direct investment.
True
Upholding the right to join labor unions is an example of CSR values.
True
Acknowledging the presence of an ethical problem is the first step of the framework for arriving at ethical decisions
true
Corporate codes of conducts emphasize standards related to ethics and social responsibilities
true
Corporate social responsibility represents the apex of the pyramid of ethical behavior
true
Evaluation of results is the last step of the framework for arriving at ethical decisions
true
Experienced managers scan operations in each country and potential partners for the possibility of ethical abuses. Such scanning in an ongoing process because company operations and environments evolve continuously
true
Relying on one's instincts is often the best way to identify an ethical problem
true
The Global Reporting Initiative pioneered the development of the most widely used sustainability reporting framework
true
The most advanced companies monitor suppliers to ensure that they use sustainable practices
true
When it comes to ensuring ethical behavior, experienced managers follow a systematic process
true
A corporate culture that advocates profit over sustainability and human welfare cannot lead to employee abuse
False
A firm's decision to internationalize is generally made as a reaction to the phenomenon of market globalization. a. True b. False
False
Advances in communications technologies makes it difficult to deceive consumers in foreign countries .
False
Businesses based in societies characterized by high uncertainty avoidance encourage managers to take risks and make quick decisions.
False
China's consumer market is generally resistant to purchasing technologically advanced products. a. true b. false
False
Easy accessibility of the Internet has led to a perceptible decline in deceptive marketing
False
Ethical behavior represents the base of the pyramid of ethical behavior
False
Firms that do not export tend to create jobs more quickly than do exporting firms.
False
A country's economic assets are also known as factors of production.
True
According to the framework for arriving at ethical decisions, a course of action must be identified as soon s the ethical problem is detected
false
Creating alternatives is the last step of the framework for arriving at ethical decisions
false
Improper ethical behavior is unlikely to result when bad means are justified by good ends
false
In countries with questionable ethical norms, it is usually ill-advised to maintain ethical standards superior to what is required by local laws and values
false
The five approaches to analyzing ethical problems rarely conflict with each other
false
The utilitarian approach is based on the belief that, regardless of how one deals with an ethical dilemma, human dignity must be preserved
false
