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.
A)fluctuation
B)dividend
C)exchange
D)transaction
E)international

Accepted Answer

The exchange rate is the rate at which the currency of one area or country can be exchanged for the currency of another's. This is the exact term that fits the description given in the sentence. The other options are not relevant to the given context.

Question 2

Susan,from California,arrived in Saudi Arabia and immediately noticed that the way Saudi men treat women is vastly different than the way men in the United States treat women.Susan was feeling uncomfortable and disoriented because she was experiencing
A)culture shock.
B)ethnocentrism.
C)reverse assimilation.
D)acculturation.
E)gender equality.

Accepted Answer

Susan is exhibiting culture shock, which is the psychological disorientation that occurs when an individual encounters a culture that is unfamiliar or different from their own. She is feeling discomfort and confusion due to the cultural differences she is observing. Ethnocentrism refers to the belief in the superiority of one's own culture and is not the case here. Reverse assimilation is not a commonly used term and is not applicable. Acculturation refers to the process of adapting to a new culture, which Susan has yet to experience. Gender equality is not the issue presented in this scenario.

Question 3

According to the GLOBE project,in-group collectivism refers to
A)how much patriotism and loyalty people should have for their country.
B)the degree to which a society's members expect power to be unequally shared.
C)the extent that individuals are encouraged and rewarded for group loyalty versus pursuing individual goals.
D)the extent to which a society encourages investment in the future,as by planning and saving.
E)the extent to which people should take pride in being members of their family,circle of close friends,and work organization.

Accepted Answer

In-group collectivism in the GLOBE project refers to the extent to which people take pride in being members of their family, circle of close friends, and work organization.

Question 4

Monochronic time is a
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.

Accepted Answer

Monochronic time refers to the preference for doing one thing at a time, rather than multitasking or attempting to juggle multiple tasks at once. This style of time management is often associated with Western cultures, where time is seen as a finite resource that must be used efficiently and effectively.

Question 5

Which of the following statements is FALSE?
A)The United States was the world's largest economy in
2014.
B)Global trade has helped lift hundreds of millions of Chinese out of poverty.
C)The presence of a few dominant companies in an industry makes it more difficult for entrepreneurs to start a business in that sector.
D)Around the world,consumers are showing a robust appetite for the sharing-based economy.
E)Most Americans use their mobile devices for getting directions or listening to music rather than making purchases.

Accepted Answer

The answer of Which of the following statements is FALSE?
A)The...

Question 6

_______ is a trading bloc consisting of 28 trading partners in Europe.
A)The WTO
B)Mercosur
C)The European Union
D)The Eastern Union
E)The Atlantic-Mediterranean Union

Accepted Answer

The European Union (EU) is a trading bloc consisting of 28 trading partners in Europe. The EU has a single market in which goods, services, and capital move freely, and a common currency, the Euro, used by 19 of its member states.

Question 7

ASEAN is a(n)
A)trading bloc consisting of 10 countries in Asia.
B)association of American and Southeast Asian nations.
C)trading bloc consisting of 10 countries along the Atlantic Ocean.
D)worldwide banking association.
E)union of global nations that strives to bring world peace.

Accepted Answer

ASEAN is a trading bloc consisting of 10 countries in Asia, namely Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam.

Question 8

The GLOBE project is an ongoing cross-cultural investigation of nine cultural dimensions involved in ___ processes.
A)family and relationship
B)leadership and organizational
C)MBO and planning
D)diversity and synergy
E)profit and cost-cutting

Accepted Answer

The GLOBE project specifically focuses on cultural dimensions related to leadership and organizational processes across different countries and cultures.

Question 9

______ is a government's seizure of a domestic or foreign company's assets.
A)Expropriation
B)Diversification
C)Nationalization
D)An embargo
E)Appropriation

Accepted Answer

Expropriation is when the government seizes private property for public use. This can also refer to the government taking over a foreign company's assets in a particular country. Nationalization is similar, but it specifically refers to the government taking ownership and control of a company or industry, often with compensation for the original owners. Diversification is a business strategy, and an embargo is a trade restriction imposed by one country on another. Appropriation typically refers to the act of allocating resources or funds.

Question 10

George owns an international grocery store in New Jersey,the Global Food Bazaar.He has benefited highly from the trading bloc that allows him to purchase food products from Central American nations at a nice discount.With many of his customers from Costa Rica,the Dominican Republic and Guatemala,he is particularly grateful for ______,a trading bloc.
A)APEC
B)CAFTA-DR
C)NAFTA
D)EU
E)Mercosur

Accepted Answer

CAFTA-DR (Central America Free Trade Agreement-Dominican Republic) is a trading bloc that was established between the United States, Costa Rica, the Dominican Republic, El Salvador, Guatemala, Honduras, and Nicaragua. This trade agreement eliminated tariffs and other barriers to trade in goods and services, which has benefited George's grocery store in purchasing food products at a discount from Central American countries. Therefore, the best choice is B.

Question 11

The United States granted most favored nation trading status to China,which means that
A)Chinese tourists pay lower sales taxes when they visit the United States.
B)the United States has promised to aid China in its counter-terrorist activities.
C)China receives favorable trading treatment,such as the reduction of import duties.
D)more Chinese immigrants are allowed to enter the United States.
E)China and the United States have agreed to place a trade embargo on certain nations in Southeast Asia.

Accepted Answer

Most favored nation trading status means that a country receives favorable trading treatment, such as the reduction of import duties. Therefore, option C is the correct choice.

Question 12

A nation's culture is
A)the shared set of beliefs,values,knowledge,and patterns of behavior common to its people.
B)synonymous with its religious beliefs.
C)a shared set of business traditions common to the nation.
D)its constitution and written codes of behavior.
E)the laws that are accepted as moral imperatives by most of the citizens.

Accepted Answer

A nation's culture encompasses a wide range of aspects including shared beliefs, values, knowledge, and patterns of behavior that are commonly seen among its people. It is not limited to religious beliefs or business traditions, nor is it defined solely by written codes of behavior and constitution. While laws can play a part in defining aspects of a culture, they do not fully encompass the breadth of a nation's culture.

Question 13

Greg,a geologist from Kansas who works for ExxonMobil,has decided to transfer to one of ExxonMobil's offices in Saudi Arabia.Greg is a(n)____ while living in Saudi Arabia,
A)globalist
B)internationalist
C)traitor
D)expatriate
E)migrator

Accepted Answer

Greg is a geologist who is transferring from one country to another to work for the same company. He is therefore an expatriate, defined as someone who lives and works outside their native country for a period of time.

Question 14

Tom and his fiancée Susan decided to have their wedding on a beach in Acapulco,Mexico.Local businesses provided most of the services for the wedding,such as the limousine and the catering services.Throughout the weekend of the wedding,the couple found that workers and limos arrived late;so did the priest who was performing the wedding.In response to the couple's frustration,the Mexican workers remarked,"Ustedes tienen que ser flexibles," which in English means "You have to be flexible with time." This attitude regarding time is
A)inflexible.
B)polychronic.
C)cultural.
D)monochronic.
E)one-dimensional.

Accepted Answer

In polychronic cultures, time is seen as flexible and people often prioritize relationships over strict adherence to schedules.

Question 15

______ in a low-context culture.
A)E-mail is a very popular method of communicating
B)Citizens prefer to meet face-to-face rather than electronically
C)Shared meanings are derived primarily from written and spoken words
D)Meanings are derived primarily from situational cues
E)Life moves at a very slow pace

Accepted Answer

In a low-context culture, shared meanings are derived primarily from written and spoken words rather than situational cues. Therefore, e-mail, which involves written words, is a very popular method of communicating.

Question 16

The _____ is the law that makes it illegal for employees of U.S.companies to make "questionable" or "dubious" contributions to political decision makers in foreign nations.
A)Global Ethics Accord
B)Internationalist Agreement
C)PATRIOT Act
D)Expatriate Accord
E)Foreign Corrupt Practices Act

Accepted Answer

The Foreign Corrupt Practices Act is a U.S. law that prohibits employees of U.S. companies from making questionable or dubious contributions to foreign political decision-makers. The law also requires companies to keep accurate and complete records and to have internal accounting controls in place to prevent bribery and other corrupt practices.

Question 17

According to the findings of the GLOBE project,the assertiveness dimension represents the extent to which a society values
A)power distance and sharing.
B)in-group collectivism and loyalty.
C)confrontation and competitiveness.
D)performance improvement and excellence.
E)altruism and caring.

Accepted Answer

The assertiveness dimension, according to the GLOBE project, refers to the extent to which a society values confrontation and competitiveness. Option A refers to power distance and sharing, option B refers to in-group collectivism and loyalty, option D refers to performance improvement and excellence, and option E refers to altruism and caring.

Question 18

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

Accepted Answer

Learning the local language shows respect for the culture and can facilitate communication and build trust with local contacts. It also demonstrates a willingness to invest time and effort to understand the local market and can lead to better business outcomes in the long run.

Question 19

During global culture training for a group of employees who are being transferred to Egypt,Samira,the HR training manager,remarked that "in the Arab world,men often hold hands,which is meant to express
A)the acceptance of a business deal."
B)solidarity and friendship."
C)the acceptance of a future son-in-law into the family."
D)concentration and focus."
E)personal dominance."

Accepted Answer

Holding hands among men in the Arab world is a cultural and social norm that represents solidarity and friendship. It is a common gesture of affection and closeness between men and does not have any business or dominance connotations.

Question 20

______ is the group of 21 Pacific Rim countries whose purpose is to improve economic and political ties,and to reduce tariffs and other trade barriers across the region.
A)PEC
B)ASEAN
C)EU
D)APEC
E)CAFTA

Accepted Answer

APEC stands for Asia-Pacific Economic Cooperation and is made up of 21 Pacific Rim countries. Its goal is to improve economic and political ties among member countries, and to reduce tariffs and other trade barriers across the region. The other options (PEC, ASEAN, EU, and CAFTA) are either not relevant to the definition provided or incorrect groupings of countries.

Quiz 4: Global Management: Managing Across Borders

Susan,from California,arrived in Saudi Arabia and immediately noticed that the way Saudi men treat women is vastly different than the way men in the United States treat women.Susan was feeling uncomfortable and disoriented because she was experiencing

According to the GLOBE project,in-group collectivism refers to

Monochronic time is a

Which of the following statements is FALSE?

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

ASEAN is a(n)

The GLOBE project is an ongoing cross-cultural investigation of nine cultural dimensions involved in ___ processes.

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

The United States granted most favored nation trading status to China,which means that

A nation's culture is

Greg,a geologist from Kansas who works for ExxonMobil,has decided to transfer to one of ExxonMobil's offices in Saudi Arabia.Greg is a(n) ____ while living in Saudi Arabia,

______ in a low-context culture.

The _____ is the law that makes it illegal for employees of U.S.companies to make "questionable" or "dubious" contributions to political decision makers in foreign nations.

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

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

During global culture training for a group of employees who are being transferred to Egypt,Samira,the HR training manager,remarked that "in the Arab world,men often hold hands,which is meant to express

______ is the group of 21 Pacific Rim countries whose purpose is to improve economic and political ties,and to reduce tariffs and other trade barriers across the region.