Among cultural patterns of which one should be aware is the tradition of businessmen asking about the wives of all business associates in Afghanistan.
The term "global economy" refers to the heightened economic regulation of many national markets as they protect themselves form one another.
The term "global economy" refers to worldwide conditions by which goods, people, and money can move more freely.
One advantage of small companies over large ones is the former's ability to change direction faster
The international Red Cross is an example of a multinational organization.
Ethnocentrism is a form of parochialism.
Global outsourcing is defined as using suppliers outside the home country to provide labor, goods, or services.
If you can describe a job precisely, or write rules for doing it, it is protected against offshoring.
An import quota is a trade barrier in the form of a customs duty, or tax, levied mainly on imports.
The organization that assists in smoothing the flow of money between nations is the World Bank.
The International Monetary Fund (IMF) is designed to assist in smoothing the flow of money between nations.
Canada is part of NAFTA
Knowing the cultural tendencies of foreign business partners and competitors can give you a strategic competitive advantage.
The trend of the world economy toward becoming a more interdependent system is called
Which of the following is a negative effect for the U.S. of global economic interdependency?
Loss of well-paying jobs.
According to management recruiters, ______ demonstrates independence, resourcefulness, and entrepreneurship to potential employers.
foreign work experience
Estevez- Richmond, Inc. is a large civil engineering firm with operations in the U.S., Mexico, Costa Rica and Guatemala. The company is a
Ethnocentrism among international managers has been linked to
recruitment difficulties for foreign subsidiaries
A company that is producing good domestically and sells them outside the county is involved in
Pizza Hut provides the use of its name plus operating know-how to companies in Costa Rica in return for a fee plus a percentage of profits. Pizza Hut is
The movement of good and services among nations without political or economic obstruction is called
The EU has recently agreed to cut the taxes it charges on bananas imported from Central and South America. This tax is a type of
Kendall was feeling very uncomfortable and disoriented since she arrived for her new job in Bangkok. It seemed like just about everything was different than what she was used to. Kendall was experiencing
In a(n) ______, shared meanings are primarily derived from written and spoken words rather than situational cues.
A person from North America, Great Britain, Scandinavia, Germany, or Switzerland, for example, comes from a low-context culture in which shared meanings are primarily derived from written and spoken words.
______ means that people accept inequality in power among people, institutions, and organizations.
high power distance;
High power distance, such as occurs in Mexico, India, Thailand, Panama, and the Philippines, means that people accept inequality in power among people, institutions, and organizations.
When conducting business in English in Asia, if the answer to a question is "yes", one should assume that means
"the question is understood"
Megan, a native of New York, was living in London and working for a news magazine. Megan is what is known as a(n)
If your Chinese coworker in Hong Kong tells you that you have gained weight, you should interpret this comment as
Which of the following countries is a member of Mercosur?
The Mercosur is the largest trade bloc in Latin America and has 10 members—Argentina, Brazil, Paraguay, Uruguay, Venezuela, Bolivia, Chile, Colombia, Ecuador, and Peru.
Leah runs a small handmade custom card business, and has recently put up a website. What advantage does her business have over larger competitors?
It can change direction quicker.
Holly is a seasoned American manager, currently working in South Korea. She has noticed that some of her management techniques work well in her overseas position, but sometimes she finds it more effective to defer to the practices of her Korean counterparts. Holly can be described as a(n) ______ manager.
Geocentric managers accept that there are differences and similarities between home and foreign personnel and practices and that they should use whatever techniques are most effective.
When a government uses measures like tariffs and import quotas, it is called
If The Gap provides the use of its name plus its operating know-how to companies in Turkey in return for an upfront fee plus a percentage of the profits, The Gap would be participating in franchising.
In polychronic time, time is viewed as being flexible and multidimensional.
The purpose of granting "most favored nation" status to another country is to promote tourism.
Most favored nation trading status describes a condition in which a country grants other countries favorable trading treatment such as the reduction of import duties. The purpose is to promote stronger and more stable ties between companies in the two countries.
According to technology philosopher Nicholas Negroponte, the global market driven by electronic information results in an increase of minifirms and
It is rare for Jason to deviate from the practices he has always used as a U.S. manager, even though he is now working at an African subsidiary. He says, to use his words, that he is "just ensuring the job gets done right". Jason is most likely a(n) ______ manager.
A wholly-owned subsidiary is the global expansion strategy with the highest risk and investment.
a wholly-owned subsidiary is the global expansion strategy with the highest risk and investment.
Which of the following is a way to become a world citizen?
Learn rituals of respect.
Which of the following organizations succeeded GATT?
World Trade Organization;
WTO succeeded GATT as the world forum for trade negotiations and has the formal legal structure for deciding trade disputes.
A narrow view in which people see things solely through their own perspective is known as
Parochialism is a narrow view in which people see things solely through their own perspective.
When Dupont agrees to let a Brazilian company make its product Teflon, the non-stick coating, for a fee it is called franchising.
In licensing, a company allows a foreign company to pay it a fee to make or distribute the first company's product or service. For example, the DuPont chemical company might license a company in Brazil to make Teflon, the nonstick substance that is found on some frying pans.
Great Challenge is a nonprofit organization that assists several African nations with large infrastructure development projects. Great Challenge is a(n)
A duty imposed on imported goods designed simply to raise money for the government in known as a(n)
Import quotas are designed to prevent
Quotas are designed to prevent dumping, the practice of a foreign company's exporting products abroad at a lower price than the price in the home market—or even below the costs of production—in order to drive down the price of the domestic product.
Countertrading refers to a company producing goods domestically and selling them outside the company.
When exporting, a company produces goods domestically and sells them outside the country. Countertrading is bartering goods for goods.
A revenue tariff is designed to protect domestic products from foreign imports by raising the price of the latter.
There are two types of tariffs: One is designed simply to raise money for the government (revenue tariff). The other, is to raise the price of imported goods to make the prices of domestic products more competitive (protective tariff).
When examining the dimensions of Hofstede's model, which of the following is true of the U.S.?
Which form of technology was exploding when the notion of a "global village" was first developed?
A multinational corporation is a nonprofit organization with operations in several countries.
When a company uses a supplier outside itself to provide goods and services, it is
Great communications systems have been a hallmark of great organizations.
A greenfield venture is a foreign subsidiary created to exploit previously untapped natural resources in another country.
Ethnocentric policies have been linked to recruiting difficulties and high turnover.
Managers who take the view that native managers in foreign offices best understand native personnel and practices, and so the home office should leave them alone, are called polycentric managers.
When U.S. airlines use other U.S. companies to perform their aircraft maintenance functions it is known as outsourcing.
The government has certified that more than a half million U.S. workers have lost their jobs or had their hours or wages reduced as a result of
The __________ is the rate at which one country's currency can be exchanged for another country's currency.
General Motors working with Shanghai Automotive Industry Group to build Buicks in China is an example of a strategic alliance.
In China, it is permissible for office colleagues to inquire about the size of your apartment and your salary.
Air travel and electronic media have made the global village phenomenon possible.
Dumping is the practice of a foreign company exporting products abroad at a lower price than the price in the home market—or even below the costs of production—in order to drive down the price of the domestic product.
One way to avoid a tariff is to create a subsidiary to produce the product in the foreign country imposing that tariff.
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