Question 1

A global strategy means considering individual countries distinctly when designing, producing, and marketing products.

Accepted Answer

A global strategy involves standardizing products and marketing strategies across different countries to achieve economies of scale and consistency, rather than tailoring them to individual countries.

Question 2

Organizations that conduct business operations across national borders are called

Accepted Answer

Multinational corporations are organizations that operate in multiple countries, managing production or delivering services across national borders.

Question 3

The various opportunities and threats that face multinational corporations are almost limitless, and the number and complexity of these factors ________ the number of products and the number of geographic areas served.

Accepted Answer

As multinational corporations expand their product lines and geographic reach, the complexity and number of opportunities and threats they face increase dramatically.

Question 4

The strategic-management process for multinational firms is ________ for purely domestic firms, but the process is ________ for the purely domestic firms.

Accepted Answer

The answer of The strategic-management process for multinational firms is...

Question 5

Asian-based multinational firms have historically kept cash earned offshore in U.S. subsidiaries and banks to take advantage of low U.S. corporate taxes.

Accepted Answer

Historically, U.S. corporate taxes have been relatively high, which is why many multinational firms kept cash offshore to avoid these taxes.

Question 6

Which of the following is a European country in which union membership is growing?

Accepted Answer

The answer of Which of the following is a European...

Question 7

Mass communication and high technology have ________ in diverse cultures worldwide.

Accepted Answer

Mass communication and high technology have led to globalization, which often results in similar patterns of consumption across different cultures due to the widespread availability and influence of global media and products.

Question 8

High corporate tax rates

Accepted Answer

High corporate tax rates can lead to increased efforts to avoid and evade taxes as companies seek to minimize their tax liabilities.

Question 9

The average level of union membership across the whole European Union, weighted by the numbers employed in the different member states, is ________ percent compared to about ________ percent in the United States.

Accepted Answer

The average level of union membership in the European Union is approximately 23 percent, while in the United States, it is about 11 percent.

Question 10

In an industry that is, or is rapidly becoming global, the riskiest possible posture is to

Accepted Answer

Remaining a domestic competitor in a rapidly globalizing industry is risky because it limits market opportunities and exposes the company to increased competition from global players.

Question 11

Communication between domestic headquarters and overseas operations is often made difficult by

Accepted Answer

Cultural differences can create misunderstandings and misinterpretations, making communication between domestic headquarters and overseas operations challenging.

Question 12

The average level of union membership across the whole European Union, weighted by the numbers employed in the different member states, is close to 25 percent.

Accepted Answer

The average level of union membership in the European Union is indeed around 25%, although it varies significantly between countries.

Question 13

The U.S. government's OPIC

Accepted Answer

OPIC (Overseas Private Investment Corporation) offers insurance to help mitigate some of the risks associated with international business, such as political risk insurance, but it does not eliminate all risks.

Question 14

Which of the following nations has the highest corporate tax rate?

Accepted Answer

The answer of Which of the following nations has the...

Question 15

As of 2018 which of the following countries had the highest corporate tax rate?

Accepted Answer

The answer of As of 2018 which of the following...

Question 16

________ is a process of doing business worldwide, so strategic decisions are made based on global profitability of the firm rather than just domestic considerations.

Accepted Answer

Globalization refers to the process of doing business on a worldwide scale, where strategic decisions are made considering global profitability rather than focusing solely on domestic markets.

Question 17

The average tax rate across Europe is ________ percent.

Accepted Answer

The answer of The average tax rate across Europe is...

Question 18

In Nordic countries Denmark, Sweden, and Finland, about 70 percent of all employees are in unions.

Accepted Answer

Union membership is traditionally high in Nordic countries, with Denmark, Sweden, and Finland having some of the highest rates of unionization in the world, often around 70% or more.

Question 19

Exports constitute ________ percent of Singapore's gross domestic product (GDP).

Accepted Answer

The answer of Exports constitute ________ percent of Singapore's gross...

Question 20

Multinational corporations face unique and diverse risks, which include all of the following EXCEPT

Accepted Answer

Favorable foreign court interpretations of contracts and agreements are not a risk faced by multinational corporations.

Quiz 11: Global and International Issues