Question 1

When planning a trip to France,Jim and his wife,both Americans,were concerned about how much they could afford to spend in Europe because sometimes the U.S.dollar will buy more goods and sometimes it will buy less,based on changing economic conditions.The ____ rate is the rate at which the currency of one area or country can be exchanged for the currency of another's.

Accepted Answer

A)  fluctuation
B)  dividend
C)  exchange
D)  transaction
E)  internationalF) B) and C)
G) B) and D)

Question 2

According to the watchdog group Public Citizen,NAFTA is responsible for

Accepted Answer

A)  a decrease in illegal immigration into the United States.
B)  the loss of 845,000 U.S.jobs.
C)  a higher standard of living among its trading partners.
D)  closing the wage gap between Mexico and the United States.
E)  the formation of the IMF and World Bank.F) B) and D)
G) A) and E)

Question 3

NAFTA and the EU are both

Accepted Answer

A)  greenfield ventures.
B)  world banks.
C)  terrorist-monitoring associations.
D)  monetary funds.
E)  trading blocs.F) A) and B)
G) B) and D)

Question 4

The United States limits the amount of cheese purchased from other countries;this is a(n) ____ policy .

Accepted Answer

A)  export quota
B)  import dump
C)  import quota
D)  trade embargo
E)  import tariffF) B) and E)
G) A) and B)

Question 5

According to the findings of the GLOBE project,the assertiveness dimension represents the extent to which a society values

Accepted Answer

A)  power distance and sharing.
B)  in-group collectivism and loyalty.
C)  confrontation and competitiveness.
D)  performance improvement and excellence.
E)  altruism and caring.F) A) and C)
G) D) and E)

Question 6

Greg,a manager at the Rome,Italy,store of an American-owned clothing company,understands the differences and similarities between American and Italian customers,customs,culture,and practices.As a result,Greg uses his understanding of Italian culture,tastes,and business practices to help him market his products to Italian customers in Rome-and he uses his understanding of American culture to sell his products to American tourists who are visiting Rome.Greg is an example of a geocentric manager.

Accepted Answer

A) True 
 B)False

Question 7

Countertrading is ___ goods for goods.

Accepted Answer

A)  outsourcing
B)  sourcing
C)  bartering
D)  selling
E)  licensingF) B) and E)
G) D) and E)

Question 8

Sally has seen such great interest in her scented candles that she has decided to start her own small business selling them.Sally's company can use the Internet and the World Wide Web to operate globally,helping her get a global business started more easily because she can put products on a website and sell worldwide.So,in a sense,the Internet wipes out the former advantages of distribution and scope that large companies used to have.

Accepted Answer

A) True 
 B)False

Question 9

John,a construction manager,has been having problems finding quality employees in some of the company's foreign offices.While speaking with his attorney,Alisha,he mentioned that "in our locations overseas,many of our good employees have been quitting,and as you know,we have numerous lawsuits over personnel policies." Alisha explained that historically,problems with employee turnover and lawsuits are a result of ____ policies.

Accepted Answer

A)  geocentric
B)  ethnocentric
C)  synergy
D)  MBO
E)  polycentricF) None of the above
G) C) and D)

Question 10

Monochronic time is a

Accepted Answer

A)  preference for multitasking.
B)  desire to do as little as possible for a period of time.
C)  time for the open discussion of problems or challenges.
D)  time when little is accomplished.
E)  preference for doing one thing at a time.F) All of the above
G) A) and E)

Question 11

______ is a government's seizure of a domestic or foreign company's assets.

Accepted Answer

A)  Expropriation
B)  Diversification
C)  Nationalization
D)  An embargo
E)  AppropriationF) A) and C)
G) A) and E)

Question 12

When communicating across cultures,the best strategy regarding language use is to

Accepted Answer

A)  learn the local language.
B)  assume that business is always conducted in English.
C)  employ a translator.
D)  rely on the goodwill and knowledge of others.
E)  use a translation app or device.F) B) and E)
G) B) and C)

Question 13

Technology philosopher Nicholas Negroponte proposed that the global market driven by electronic information

Accepted Answer

A)  "causes products to become more expensive."
B)  "increases diversity within organizations but results in culture shock."
C)  "results in new laws but less synergy and less ethical behavior."
D)  "causes an increase in the types of goods available but decreases in product quality."
E)  "forces things to get bigger and smaller at the same time."F) All of the above
G) C) and D)

Question 14

A tax on automobiles imported into the United States that raises prices on imported vehicles to make the price of cars produced in the United States more competitive is a(n) ______;a tax on all oil imported into the United States,which is implemented to raise money for the U.S.government,is a(n)

Accepted Answer

A)  protective tariff;revenue tariff
B)  revenue tariff;protective tariff
C)  quota tariff;revenue tariff
D)  embargo agreement;income tariff
E)  import barrier;income tariffF) None of the above
G) B) and C)

Question 15

_______ is a trading bloc consisting of 28 trading partners in Europe.

Accepted Answer

A)  The WTO
B)  Mercosur
C)  The European Union
D)  The Eastern Union
E)  The Atlantic-Mediterranean UnionF) A) and B)
G) A) and C)

Question 16

George,a regional manager for a global corporation,is meeting with several upset managers from the Rome plant about Steve,who is originally from Florida but moved to Italy to manage the Rome facility.Phillipe,the assistant manager,tells George,"We all feel that Steve sees things only one way-his-and very seldom considers our perspective on things." Steve is employing a ______ management style.

Accepted Answer

A)  synergy-based
B)  ecocentric
C)  geocentric
D)  polycentric
E)  parochialF) A) and B)
G) A) and C)

Question 17

Over the last two years,an American computer manufacturer has partnered with a technology organization in Japan to develop and produce computers and printers.The partnership benefits both organizations and is an example of countertrading.

Accepted Answer

A) True 
 B)False

Question 18

Sometimes a country's laws forbid foreigners from owning a business in the nation.In the presence of such laws,a(n) _____ is one way for an American company to have a presence in that foreign country.

Accepted Answer

A)  export agreement
B)  MBO pact
C)  import agreement
D)  bartering union
E)  joint ventureF) All of the above
G) B) and D)

Question 19

Globalization is the trend

Accepted Answer

A)  of the world economy becoming a less dependent system.
B)  of the world economy adding more independent markets.
C)  toward one world language and culture.
D)  of the world economy toward becoming a more interdependent system.
E)  toward one world economy and banking system.F) B) and E)
G) D) and E)

Question 20

Free trade is the

Accepted Answer

A)  movement of customers between nations that do not have trade embargoes.
B)  policy of cost-free exchange of goods.
C)  bartering of goods or services locally or globally.
D)  bartering or sale of goods without taxes.
E)  movement of products between countries without political or economic obstruction.F) B) and D)
G) C) and D)

Exam 4: Global Management: Managing Across Borders

The United States limits the amount of cheese purchased from other countries;this is a(n) ____ policy .

Correct Answer
verified

Correct Answer
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_______ is a trading bloc consisting of 28 trading partners in Europe.

Correct Answer
verified

Correct Answer
verified

Monochronic time is a

Correct Answer
verified

Sometimes a country's laws forbid foreigners from owning a business in the nation.In the presence of such laws,a(n) _____ is one way for an American company to have a presence in that foreign country.

Correct Answer
verified

Free trade is the

Correct Answer
verified

NAFTA and the EU are both

Correct Answer
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Technology philosopher Nicholas Negroponte proposed that the global market driven by electronic information

Correct Answer
verified

______ is a government's seizure of a domestic or foreign company's assets.

Correct Answer
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Countertrading is ___ goods for goods.

Correct Answer
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Correct Answer
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According to the findings of the GLOBE project,the assertiveness dimension represents the extent to which a society values

Correct Answer
verified

Over the last two years,an American computer manufacturer has partnered with a technology organization in Japan to develop and produce computers and printers.The partnership benefits both organizations and is an example of countertrading.

Correct Answer
verified

According to the watchdog group Public Citizen,NAFTA is responsible for

Correct Answer
verified

Globalization is the trend

Correct Answer
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Correct Answer
verified

A tax on automobiles imported into the United States that raises prices on imported vehicles to make the price of cars produced in the United States more competitive is a(n) ______;a tax on all oil imported into the United States,which is implemented to raise money for the U.S.government,is a(n)

Correct Answer
verified

When communicating across cultures,the best strategy regarding language use is to

Correct Answer
verified

Correct Answer
verified

Exam 4: Global Management: Managing Across Borders

The United States limits the amount of cheese purchased from other countries;this is a(n) ____ policy .

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

_______ is a trading bloc consisting of 28 trading partners in Europe.

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Monochronic time is a

Correct AnswerverifiedShow Answer

Sometimes a country's laws forbid foreigners from owning a business in the nation.In the presence of such laws,a(n) _____ is one way for an American company to have a presence in that foreign country.

Correct AnswerverifiedShow Answer

Free trade is the

Correct AnswerverifiedShow Answer

NAFTA and the EU are both

Correct AnswerverifiedShow Answer

Technology philosopher Nicholas Negroponte proposed that the global market driven by electronic information

Correct AnswerverifiedShow Answer

______ is a government's seizure of a domestic or foreign company's assets.

Correct AnswerverifiedShow Answer

Countertrading is ___ goods for goods.

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

According to the findings of the GLOBE project,the assertiveness dimension represents the extent to which a society values

Correct AnswerverifiedShow Answer

Over the last two years,an American computer manufacturer has partnered with a technology organization in Japan to develop and produce computers and printers.The partnership benefits both organizations and is an example of countertrading.

Correct AnswerverifiedShow Answer

According to the watchdog group Public Citizen,NAFTA is responsible for

Correct AnswerverifiedShow Answer

Globalization is the trend

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

A tax on automobiles imported into the United States that raises prices on imported vehicles to make the price of cars produced in the United States more competitive is a(n) ______;a tax on all oil imported into the United States,which is implemented to raise money for the U.S.government,is a(n)

Correct AnswerverifiedShow Answer

When communicating across cultures,the best strategy regarding language use is to

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

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