Question 1

Yong Nam,CEO of LG,recently stipulated that English would be required throughout the company.His reasons for this action included all of the following statements except:

Accepted Answer

The statement "impede information sharing" is not one of Yong Nam's reasons for making English a requirement throughout the company. The other four statements are all cited as reasons for the decision.

Question 2

Indra K.Nooyi is chief executive of:

Accepted Answer

Indra K. Nooyi is the current chief executive officer of PepsiCo, an American multinational food, snack, and beverage corporation. She served as the CEO from 2006 until her retirement in 2018.

Question 3

One of the forces restraining the growth of global business and global marketing is resistance to globalization.

Accepted Answer

Resistance to globalization can come from many different sources, including political movements, cultural concerns, and economic interests. This can create barriers to entry for companies looking to expand into new markets or sell their products globally, as they may face opposition from local organizations or governments. As a result, globalization is often a slow and complex process that requires careful planning and negotiation to overcome these obstacles.

Question 4

Nike came under fire from critics who alleged poor working conditions in the factories that make the company's athletic shoes.

Accepted Answer

This statement is true. Nike has faced criticism for poor working conditions in the factories that produce their shoes, particularly in countries like China, Indonesia, and Vietnam. The company has since taken steps to improve conditions and ensure worker safety.

Question 5

According to Carly Florina,former CEO of Hewlett-Packard,leadership is about:

Accepted Answer

According to Carly Florina, leadership is about connecting with people, building relationships, and empowering others to achieve their potential. It is not about hierarchy, title or status, nor is it about bragging.

Question 6

Despite the fact that Starbucks is widely admired for forward-thinking management policies,Global Exchange pressed the company to further demonstrate its commitment to social responsibility by selling Fair Trade coffee.

Accepted Answer

The statement indicates that Global Exchange wanted Starbucks to sell Fair Trade coffee to further demonstrate its commitment to social responsibility, implying that the company already had some level of commitment.

Question 7

One of the Corporate Social Responsibility (CSR)initiatives by IKEA's primary carpet supplier in India is to sponsor bridge schools intended to reduce child labor in India's carpet industry.

Accepted Answer

This statement is true. IKEA's primary carpet supplier in India, Rangan Exports, has sponsored bridge schools in an effort to combat child labor in the carpet industry. These schools provide education and support to children who have been involved in labor, allowing them to transition into formal schooling and have a chance at a brighter future.

Question 8

In developing countries,globalization's opponents accuse companies of placing intellectual property rights ahead of human rights.

Accepted Answer

Globalization's opponents in developing countries argue that companies prioritize their intellectual property rights over the basic human rights of individuals in those countries. This has led to concerns over issues such as access to affordable medication, fair wages, and working conditions.

Question 9

Howard Stringer,a native of the United Kingdom,is Chairman of:

Accepted Answer

Howard Stringer is the former Chairman and CEO of Sony Corporation, a multinational technology company based in Japan.

Question 10

Subaru's assembly plant in Indiana is the first "zero landfill" auto plant in the United States.

Accepted Answer

Subaru's assembly plant in Indiana is indeed the first "zero landfill" auto plant in the United States, meaning that it does not send any waste to landfills.

Question 11

A stakeholder is any group or individual that is affected by,or takes an interest in,the policies and practices adopted by an organization.

Accepted Answer

This is the definition of a stakeholder commonly used in business and management. Stakeholders can include employees, customers, shareholders, suppliers, government agencies, and the wider community.

Question 12

In addition to "selling" their visions,top management at both Whirlpool and GE face the formidable task of building:

Accepted Answer

The article mentions that both Whirlpool and GE are expanding globally, which means they need to have a cadre of globally oriented managers who can effectively navigate different cultures and markets. While building company stature, physical design, loyal customers, and distribution channels are important tasks, they are not specifically mentioned as being related to global expansion.

Question 13

The ability to speak foreign languages is one difference between managers born and raised in the United States and those born and raised elsewhere.Which is true and reflects the earlier statement?

Accepted Answer

The statement highlights the difference in language skills between American and non-American managers. The fact that 200 million Chinese children are studying English supports the idea that non-American managers are more likely to learn foreign languages, such as English, compared to their American counterparts.

Question 14

Corporate social responsibility (CSR)refers to a company's obligation to pursue goals and policies that are in a company's best interest.

Accepted Answer

CSR refers to a company's obligation to pursue goals and policies that are in society's best interest, not just the company's.

Question 15

Inge G.Thulin is chief executive of:

Accepted Answer

Inge G. Thulin is currently the chief executive of 3M, a multinational conglomerate corporation based in the United States. She has been with the company since 1979 and has held various leadership roles before assuming her current position in 2012.

Question 16

An important leadership task involves articulating all of the below mentioned points except:

Accepted Answer

The other four points (beliefs, values, policies, activities) are all important aspects of leadership that must be articulated in order to effectively lead a team or organization. However, "status" is not an aspect that requires articulation by a leader as it is typically understood based on the individual's position within the group or organization.

Question 17

The U.S.mass producers focus on long-term income and return on investment,whereas Japanese see the process in terms of the short-term perspective.

Accepted Answer

This statement is false. The opposite is true as Japanese manufacturers have a long-term perspective and emphasize continuous improvement and quality, while US manufacturers are often criticized for prioritizing short-term profits over long-term sustainability.

Question 18

Brazilian Carlos Ghosn is chief executive of:

Accepted Answer

Carlos Ghosn is currently the Chairman and CEO of Nissan Motor (Japan).

Question 19

Being socially responsible is not only the right thing to do; it can distinguish a company from its industry peers.

Accepted Answer

Adopting socially responsible practices can enhance a company's reputation and differentiate it from its competitors in the industry. It can also attract socially conscious consumers and investors who are willing to support companies that prioritize ethical and sustainable business practices. Thus, being socially responsible is not only ethical but also a potential strategic advantage for businesses.

Question 20

Which of the following has an American woman as the chief executive?

Accepted Answer

PepsiCo, under the leadership of Indra Nooyi, had an American woman as the chief executive from 2006 to 2018.

Quiz 17: Leadership, Organization, and Corporate Social Responsibility