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70 terms

International Management

STUDY
PLAY
Which of the following statements is true with regard to the economy of Poland?
Political instability and risk, large external debts, a deteriorating infrastructure and only modest education levels have led to continuing economic problems in poland.
A method which adjusts GDP to account for different prices in countries is called:
Purchasing Power Parity
A ___________ is comparable to a monopoly in the sense that the organization, in this case the government, has explicit control over the price and supply of a good or service.
Command Economy
The ultimate objective of the EU is to:
Eliminate all trade barriers among member countries
An organizational arrangement in Japan in which a large group of vertically integrated companies bound together by cross-ownership, interlocking directorates and social ties provide goods and services to end users is:
Keiretsus
The process of applying management concepts and techniques in a multinational environment and adapting management practices to different economic, political and cultural environments is:
International Management
Antiglobalization activists:
Assert that if corporations are free to locate anywhere in the world, the world's poorest countries will relax or eliminate environmental standards and social services in order to attract first-world investment and the jobs and wealth that come with it
Which of the following statements is FALSE with regard to a mixed economy?
Businesses in this model are owned by the state to ensure that investments and practices are done in the best interest of the nation despite the often opposing outcomes
A factory, located in a Mexican border town, that imports materials and equipment on a duty and tariff-free basis for assembly or manufacturing and re-exports is called a:
Maquiladora
Which of the following observations about NAFTA is INCORRECT?
Mexican firms can now export goods into the European community only by paying a heavy tariff
MNCs are unwilling to put up high investments unless they are assured of:
Operating control on their investment in telecommunications
Low-paid workers in India and Asian countries now are being given subcontracted work such as:
Code-writing jobs
One analysis, cited in the text, reported that since the passage of the Foreign Corrupt Practices act, U.S. exports to "bribe prone" countries:
Increased
_____ has placed pressure on MNCs to outsource production.
Mounting cost pressure and profit expectations
The _____ holds that governments have the right to rule themselves as they see fit.
Principle of Sovereignty
The _____ principle holds that every country has jurisdiction over behavior that adversely affects its national security, even if that conduct occurred outside the country.
Protective
The statute that makes it illegal to influence foreign officials through personal payment of political contributions is referred to as the:
Foreign Corrupt Practices Act
_____ law comes from the Marxist socialist system and continues to influence regulations in former communist countries, especially those from the former Soviet Union, as well as present-day China, Vietnam, North Korea and Cuba.
Socialist
In a business context, individualism is synonymous with:
Capitalism
Political repression and denial of rights and civil liberties are dominant ideals of:
Totalitarianism
Which of the following views the individual as part of rather than separate from nature?
Eastern Philosophy
Development that meets humanity's needs without harming future generations is termed as:
Sustainability
According to the latest corruption index of countries around the world specified in the text, the least corrupt country is:
New Zealand
One of the major reasons why _____ remains a problem in Japan is that traditionally many male managers regard female employees as mere secretaries and, following a stereotype, feel that women employees will soon marry and leave the firm.
Sexual Harassment
All of the following statements are accurate with regard to the status of women in the French workplace EXCEPT:
As a result of strong efforts to gain equality, French women are no longer underrepresented in the workplace
According to the World Economic Forum, which country ranked highest in 2009 on economic opportunities and political empowerment of women?
Iceland
All of the following statements about ethics are true EXCEPT:
It is not related to the area of corporate social responsibility
As a way to prevent the shifting of corrupt practices to suppliers and intermediaries, the _____ standard was developed.
TRACE
Which of the following companies was accused in 2010 of cutting corners on environmental protection and ethical business practices?
BP
The U.K. and U.S. systems have been termed _____ systems because of dispersed ownership of corporate equity among a large number of external investors.
"Outsider"
According to a study conducted by England and Lee, all of the following are accurate descriptions of the similarities in cultural values across nations EXCEPT:
There is a relatively weak relationship between the level of success achieved by managers and their personal values
Identify the handshake that does NOT accurately match the culture it is associated.
United States-soft
According to the text, the highest cultural priority (or value) in Japan is considered as:
Belonging
_____ are basic convictions that people have regarding what is right and wrong, good and bad, important or unimportant.
Values
According to Dutch researcher Geert Hofstede, there are four dimensions of culture. These are:
Power distance, uncertainty avoidance, individualism and masculinity
Countries that have high individualism and relatively low power distance show the following features:
Are not upset when others have more power than they do
_____ is "the extent to which people feel threatened by ambiguous situations and have created beliefs and institutions that try to avoid these".
Uncertainty avoidance
_____ is acquired knowledge that people use to interpret, experience and generate social behavior.
Culture
Even though there are distinctions among organization cultures, research shows that managers from different countries often have:
Value similarities
Buildings and art are considered to be the _____ of a culture.
Explicit artifacts and product
Experienced travelers report that the primary criterion for doing business in China is:
Technical competence
The typical broad, self-deprecating _____ commercial amuses by mocking both the advertiser and consumer.
British
If a U.S. manager acted the same way with a British manager as he/she does with a Chinese manager, the U.S. manager will be exhibiting a behavioral process referred to as:
Simplification
All of the following are characteristics of low-context cultures EXCEPT
Insiders and outsiders are easily distinguishable and outsiders typically do not gain entrance to the inner group
A(n) _____ predisposition leads a firm to try to blend its own interests with those of its subsidiaries on a regional basis.
Regiocentric
All the following factors facilitate the need for international firms to develop unique strategies for different cultures EXCEPT:
A continual demand by local customers for global products and in the case of globally recognized products such as McDonald's hamburgers and Sony televisions
Malaysia has what is called a _____.
High-context culture
In China, the term guanxi means:
Good connections
_____ is the tendency to view the world through one's own eyes and perspectives
Parochialism
Four distinct predispositions, which help determine the specific steps an MNC will follow, are:
Ethnocentric, polycentric, regiocentric and geocentric
The United Kingdom shows the following characteristics regarding the corporate dimension:
Commercial
In the _____ stage of group development, attention may be directed more toward describing and analyzing the problem or task that has been assigned.
Work
A _____ group is a group that is characterized by members who share similar backgrounds and generally perceive, interpret and evaluate events in similar ways.
Homogeneous
_____ culture is characterized by a strong emphasis on equality in the workplace and orientation to the task.
Guided Missile
To ensure good communication in global teams, managers should do all of the following EXCEPT
Avoid the use of email, and use only video conferencing of telephone communication to avoid misunderstandings
_____ is a pattern of basic assumptions that are developed by a group as it learns to cope with problems of external adaptation and internal integration and that are taught to new members as the correct way to perceive, think and feel in relation to these problems.
Organizational culture
As companies become what Alder calls "multinational firms", they often find that _____ tends to dominate all other considerations and the direct impact of culture may lessen slightly.
Price
Change in the incubator culture is:
Fast and spontaneous
_____ culture is a project-oriented culture.
Guided Missile
Organizational climate is reflected by:
The way participants interact with each other
This style of communication is characterized by language, which requires the listener to carefully note what is being said and to observe how the sender is presenting the message.
Affective
In which of the following countries do people like to be greeted by their title?
Germany
In terms of communication styles, which of the following countries has a high-context society?
Japan
A monochronic time schedule is one in which:
Things are done in a linear fashion
_____ is the information that surrounds a communication and helps convey the message
Context
Which of the following is used for communicating very confidential communication?
Intimate distance
Communicating through the use of bodily contact is known as:
Haptics
Distributive negotiation:
Occurs when two parties with opposing goals compete over a set value
_____ distance is used when calling across the room or giving a talk to a group.
Public
Which style of communication focuses on precision and the use of the right amount of words to convey the message?
Exacting