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Exam 4: Managing in a Global Environment

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Question 91

Multiple Choice

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Which of these refers to the degree to which people accept inequality in power among institutions, organizations, and people?

A) Power distance
B) Uncertainty avoidance
C) Individualism
D) Collectivism
E) Masculinity

F) C) and E)
G) C) and D)

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Question 92

Multiple Choice

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Countries that use several languages

A) are ethnocentric.
B) are geocentric.
C) are likely to have high uncertainty avoidance.
D) have linguistic pluralism.
E) are polycentric.

F) A) and E)
G) A) and D)

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Question 93

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MNCs that are oriented toward the markets of individual foreign host countries are considered ______________________________.

What is exporting?

Outsourcing is perhaps the most widespread approach to international involvement in China and India.

CASE Scenario - Tamara Headley Tamara Headley was an MBA student in Detroit, Michigan, with a managerial position at the Ford Motor Company plant. She was invited to join a company that had entered into a joint venture with a German firm to manage a Volkswagen plant. Tamara would be under contract for one year, with an option to renew for a total of three years. Her salary would be 350% more than she was currently earning, and she would be given two all-expenses paid vacations each year. The money and the benefits sounded very nice, but Tamara wasn't sure what the best choice would be. -If she should decide to take the job, she will be most successful in a foreign assignment if she has

In the ____________________ stage, exports increase, and the company usually adopts a multidomestic approach, probably using an international division to deal with the marketing of products in several countries individually.

The European Union has expanded to a __________-nation alliance

A multinational corporation typically receives at least ____________________% of its total sales revenues from outside the parent's home country.

A form of direct investment is franchising.

Wal-Mart's challenges in Germany stem from a difference in __________ culture.

In international operations, the economic environment includes

In 1994, NAFTA merged with the United States, Canada, and Mexico into a megamarket with more than __________ million consumers.

Color Copiers operates in a true global fashion, making sales and acquiring resources in whatever country offers the best opportunities and lowest cost, what stage of international development is it in?

__________ is an entry strategy in which the organization maintains its production facilities within its home country and transfers its products for sale in foreign markets.

One of Hofstede's social values that is not well known is

MNCs that are truly world-oriented and favor no specific country are considered ______________________________.

In relationship-oriented societies, leaders should

In which stage does the company usually adopt a multidomestic approach?

The fifth dimension of Hofstede's social values is preliminary-term orientation and extended-term orientation.