Question 1

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

Accepted Answer

Mass communication and high technology have been able to create similar patterns of consumption in diverse cultures worldwide due to the global spread of media and technology. As people are exposed to the same products and messages, they are more likely to adopt similar patterns of consumption.

Question 2

Translations to and from most mainstream languages such as English, Spanish, French, German, and Chinese can be done with online programs but still not done easily.

Accepted Answer

Online translation programs have significantly improved and can handle translations between mainstream languages like English, Spanish, French, German, and Chinese with relative ease, though they may not always be perfect.

Question 3

Discuss union membership across Europe.

Accepted Answer

Union membership in Europe ranges from 74 percent of employees in Finland to 8 percent in France. Percentage of membership is not the only indicator of strength, though. In France, for example, unions have repeatedly shown that despite low membership, they are able to mobilize workers in mass strikes and demonstrations to great effect. The average level of union membership in the European Union, weighted by the numbers employed in the different member states, is 23 percent compared to about 11 percent in the United States. High rates of union membership in Nordic countries reflect an approach that sees union membership as a natural part of employment. Central and Eastern European nations generally have below average levels of union membership. Union membership levels are clearly trending downward in Europe. The two exceptions appear to be Ireland and Italy where union membership is slowly growing.

Question 4

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

The sentence states that the opportunities and threats facing multinational corporations are almost limitless, and that these factors increase in complexity and number with the number of products and geographic areas served. Therefore, the most suitable option is B, which states that these factors dramatically increase with the scope of the business.

Question 5

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

Accepted Answer

Multinational corporations face risks related to unfavorable foreign court interpretations of contracts and agreements, rather than favorable interpretations. The other options listed - currency losses, social/political disturbances, import/export restrictions, and tariffs - are all common risks faced by multinational corporations.

Question 6

Organizations that conduct business operations across national borders are called

Accepted Answer

Multinational corporations are organizations that conduct business operations across national borders. They have operations, facilities, and assets in at least one country other than their home country. A protectionist is someone who supports protecting their country's economy from foreign competition. National firms and domestic companies refer to organizations that primarily conduct business within their own country's borders. Therefore, the best choice is C.

Question 7

The average level of union membership across the whole of the 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 higher than in the United States, with the EU having around 23% union membership compared to about 11% in the United States.

Question 8

Discuss some things firms can do to diminish the risk of doing business internationally.

Accepted Answer

The answer of Discuss some things firms can do to...

Question 9

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 10

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

Accepted Answer

A global strategy involves a standardized approach across all countries, focusing on efficiency and consistency rather than tailoring to individual country differences.

Question 11

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

Accepted Answer

This is true. About 70 percent of all employees in Denmark, Sweden, and Finland are in unions, making union membership much higher in these countries compared to other parts of the world.

Question 12

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

Accepted Answer

Communication between domestic headquarters and overseas operations is often made difficult because of a combination of geographic distance, cultural differences, variations in business practices, and national differences. Therefore, option E which includes all of the above is the best choice.

Question 13

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

Accepted Answer

As of my last update, the average level of union membership across the European Union, when considering the varying sizes of the workforce in each member state, is indeed around 25 percent. This reflects the significant variation in unionization rates across different countries, with some countries having much higher rates and others significantly lower.

Question 14

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 15

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

Accepted Answer

Remaining a domestic competitor in a global industry is the riskiest posture as it limits the potential market and growth opportunities for the company. It also exposes the company to competition from global players who may have lower costs or offer better products/services. In contrast, becoming a global competitor or expanding beyond the role of a domestic competitor can provide opportunities for growth and diversification. However, it is important to carefully consider the risks and challenges of operating in global markets before pursuing such strategies.

Question 16

List some of the diverse and unique risks that face multinational corporations (MNCs).

Accepted Answer

The answer of List some of the diverse and unique...

Question 17

________ 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

The process described in the question is that of globalization, where businesses operate on a global scale and decisions are made based on global profitability rather than just domestic considerations. A multinational corporation is a company that operates in multiple countries, but it does not necessarily mean that it operates based on global profitability. Protectionism refers to the use of trade barriers to protect domestic industries, which is the opposite of globalization. Assimilation is the process of fitting into a new cultural or social environment. World recession refers to a global economic downturn, which is not directly related to the concept described in the question.

Question 18

The U.S. government's OPIC

Accepted Answer

OPIC (Overseas Private Investment Corporation) offers insurance to offset some of the risks of doing business internationally. It provides support to American businesses investing in developing countries by offering loans, guarantees, and insurance, which covers political risks such as expropriation, political violence, and currency inconvertibility.

Question 19

The ________ competitive opportunities and threats that face a multinational corporation are almost limitless.

Accepted Answer

The competitive opportunities and threats faced by a multinational corporation can arise from various factors such as social, cultural, environmental, and political factors in the different countries in which it operates. Therefore, all of the above options are correct.

Question 20

In today's global climate, many companies may find it difficult to survive by relying solely on domestic markets.

Accepted Answer

Due to increased competition and changing consumer preferences, many companies are expanding their reach to international markets in order to remain competitive and grow their businesses. This is especially true for industries with high competition and limited opportunities for growth within domestic markets.

Quiz 11: Global and International Issues