Question 1

Many people in the United States and Canada think of time as an abundant commodity.

Accepted Answer

In the United States and Canada, time is often viewed as a scarce resource, with a cultural emphasis on efficiency, punctuality, and productivity.

Question 2

Four aspects of a culture that have direct implications for international management are views of social change, time orientation, language, and value system.

Accepted Answer

These four aspects significantly influence how business is conducted across different cultures, affecting communication, negotiation, decision-making processes, and the establishment of trust and partnerships.

Question 3

Organizations typically choose from among four strategies for conducting international business.

Accepted Answer

Organizations typically choose from among more than four strategies for conducting international business, including exporting, licensing, franchising, joint ventures, wholly owned subsidiaries, and strategic alliances, among others.

Question 4

Which of the following is not a problem Wal-Mart is facing in its overseas operations?

Accepted Answer

The answer of Which of the following is not a...

Question 5

By becoming a contractor, importer, and wholesaler, Wal-Mart expects to __________.

Accepted Answer

The answer of By becoming a contractor, importer, and wholesaler,...

Question 6

The Wal-Mart preview case illustrated the effect of several global forces that an increasing number of companies face. Which of the following is not one of these forces?

Accepted Answer

The answer of The Wal-Mart preview case illustrated the effect...

Question 7

__________ refers to the deeply rooted system of unspoken principles that guide individuals in their everyday behaviors.

Accepted Answer

Social norms refer to the unwritten rules that govern the behavior of individuals within a society or group, guiding their actions and decisions in everyday life without the need for explicit instructions.

Question 8

For Mexican workers, the combination of high uncertainty avoidance and power distance produces the desire for __________.

Accepted Answer

High uncertainty avoidance and power distance in Mexican culture lead to a preference for a powerful manager who can be praised or blamed, as this provides a clear structure and authority, reducing uncertainty and aligning with hierarchical norms.

Question 9

Motorola's managers in Malaysia found that cultural forces caused local employees to __________.

Accepted Answer

Cultural forces in Malaysia may lead employees to avoid making decisions due to hierarchical structures and a preference for consensus, which can be common in collectivist cultures.

Question 10

Motorola's team building initiative in their Malaysian operation emphasized treating people with respect, giving rewards to achievers, and sharing every success story. The outcome observed from this approach was __________.

Accepted Answer

The answer of Motorola's team building initiative in their Malaysian...

Question 11

Infrastructure is one of the elements of ___________.

Accepted Answer

Infrastructure is a key component of the economic climate as it supports economic activities and growth by providing essential services and facilities.

Question 12

A company in violation of the U.S. Foreign Corrupt Practices Act of 1977 may be fined up to __________.

Accepted Answer

The answer of A company in violation of the U.S....

Question 13

Japanese rice farmers have their local markets protected by a number of mechanisms similar to the paint industry. Foreigners who would like to enter the Japanese market are primarily exposed to obstacles arising from __________.

Accepted Answer

The answer of Japanese rice farmers have their local markets...

Question 14

Which of the following is not a technique used by Japanese paint producers to keep out foreign competitors?

Accepted Answer

The answer of Which of the following is not a...

Question 15

France has a protected market for paint used on __________ that foreign producers are unable to gain access to.

Accepted Answer

The answer of France has a protected market for paint...

Question 16

The World Trade Organization (WTO) has 144 member countries, which account for about ______ percent of world trade.

Accepted Answer

The World Trade Organization (WTO) has member countries that account for approximately 95 percent of world trade, highlighting its significant influence on global economic policies and trade agreements.

Question 17

Which of the following is not one of the goals of the European Union?

Accepted Answer

The answer of Which of the following is not one...

Question 18

The formation of alliances, especially joint ventures, has been stimulated by all of the following needs and desires except __________.

Accepted Answer

The correct answer is B because alliances and joint ventures are typically formed to share and reduce costs, not to maximize them. Sharing large fixed-cost investments would aim to minimize, not maximize, costs.

Question 19

__________ requires foreign companies to form some sort of alliance with local participants rather than establish wholly owned subsidiaries in the country.

Accepted Answer

China has policies in place that often require foreign companies to form joint ventures or partnerships with local Chinese companies in order to do business in the country. This approach is designed to protect and promote domestic industries and transfer technology.

Question 20

ICI makes paint products for global markets at its Delaware headquarters because __________.

Accepted Answer

The answer of ICI makes paint products for global markets...

Quiz 4: Managing Globally