Question 1

Ryan's organization builds new roads and repairs old ones.Ryan's organization is involved in the creation of ______ capital.
A) natural
B) social
C) manufactured
D) human

Accepted Answer

Ryan's organization is involved in creating and maintaining infrastructure, which falls under the category of manufactured capital. Natural capital refers to natural resources such as forests or minerals, social capital refers to networks and relationships between people, and human capital refers to investments in education and skills development.

Question 2

Which of the following countries is NOT a part of NAFTA?
A) Russia
B) United States
C) Canada
D) Mexico

Accepted Answer

Russia is not a part of NAFTA (North American Free Trade Agreement). The member countries of NAFTA are the United States, Canada, and Mexico.

Question 3

Around the early to mid-______ countries began forming reasonably large trade blocs to encourage trade between member countries but discourage trade from outside the trade blocs through trade barriers.
A) 2000s
B) 1970s
C) 1980s
D) 1990s

Accepted Answer

In the early to mid-1990s, countries began forming large trade blocs like NAFTA and the European Union to promote trade among member countries while imposing trade barriers on non-members.

Question 4

______ capital refers to the health,well-being,and productive potential of individual people.
A) Natural
B) Social
C) Manufactured
D) Human

Accepted Answer

Human capital refers to the knowledge, skills, health, and other personal characteristics that contribute to an individual's ability to work and produce economic value. It is a key factor in economic growth and development.

Question 5

______ capital is human-made capital like machines,tools,buildings,and other infrastructure that are used to produce other assets.
A) Natural
B) Social
C) Manufactured
D) Human

Accepted Answer

Manufactured capital refers to physical assets, such as machinery, equipment, buildings, and infrastructure, that are created by people and used to produce goods and services. This type of capital is distinct from natural capital, which is comprised of resources provided by nature, and human capital, which is the knowledge, skills, and expertise of individuals. Social capital refers to the networks, relationships, and institutions that facilitate cooperation and collaboration among individuals and groups.

Question 6

International operations require us to rethink ______ major function(s)in HRM.
A) most
B) few
C) every
D) one

Accepted Answer

International operations require a comprehensive review of all major functions in HRM to align them with the diverse cultures, laws, languages, and business practices of different countries. Therefore, every major function in HRM needs to be rethought.

Question 7

______ are groups of countries that form an association to facilitate movement of goods across national borders.
A) Expatriates
B) Ethnocentrics
C) Trade blocs
D) Parochials

Accepted Answer

Trade blocs are groups of countries that form an association to facilitate movement of goods across national borders. Examples of trade blocs include the European Union, NAFTA, and ASEAN. Option A refers to individuals living in a foreign country, option B refers to individuals who believe their culture is superior to others, and option D refers to individuals who are narrow-minded or limited in their views.

Question 8

Different countries' employment laws require HR to become competent in legal issues where the company operates and rethink ______.
A) staffing
B) training
C) employee and labor relations
D) compensation

Accepted Answer

The answer of Different countries' employment laws require HR to...

Question 9

______ is regarding one's own ethnic group or culture as superior to that of others.
A) Parochialism
B) Ethnocentrism
C) Geocentrism
D) Polycentrism

Accepted Answer

Ethnocentrism refers to the belief that one's own ethnic group or culture is superior to other cultures. It often involves making judgments about other cultures based on one's own cultural norms and values. Parochialism refers to a narrow perspective that focuses on one's own local or regional concerns, while geocentrism and polycentrism both refer to approaches to doing business on a global scale.

Question 10

______ is a negative attitude toward knowledge/technology/products from other external sources.
A) Ethnocentrism
B) Not-invented-here syndrome
C) Parochialism
D) Xenophobia

Accepted Answer

Not-invented-here syndrome refers to the attitude of rejecting knowledge, technology, or products from external sources, believing that ideas or innovations developed in-house are inherently superior. It often stems from a fear of losing control or a lack of trust in external expertise. Ethnocentrism refers to the belief in the superiority of one's own cultural group, while parochialism refers to a narrow and limited perspective. Xenophobia refers to an irrational fear or hatred of foreigners or people from different cultures. None of these fully capture the concept of rejecting external knowledge or ideas.

Question 11

An impetus for increasing ______ over the past 50 years was the changing disposition toward the use of tariffs and other trade barriers by country governments.
A) globalization
B) complexity
C) parochialism
D) nationalization

Accepted Answer

The use of tariffs and trade barriers by individual countries hindered the process of globalization. Therefore, with the reduction of these barriers, globalization increased as a result.

Question 12

The term ______ of markets refers to the buying and selling of goods and services worldwide.
A) globalization
B) complexity
C) parochialism
D) nationalization

Accepted Answer

Globalization refers to the integration and interdependence of economies, cultures, and societies worldwide. It involves the expansion of international trade, investment, communication, and technology, leading to the interconnectedness of markets and businesses in different countries. As a result, goods and services are bought and sold globally, creating a global economy.

Question 13

Having a ______ mind-set is a key standard for contemporary managers.
A) global
B) local
C) narrow
D) national

Accepted Answer

In today's increasingly globalized business world, it is crucial for managers to have a global mind-set. This means being able to understand and navigate cross-cultural differences, anticipate and adapt to changes in the global economy, and build international networks and partnerships. A local or national mind-set may limit a manager's ability to compete and succeed in the global marketplace. A narrow mind-set may also inhibit innovation and collaboration within the organization.

Question 14

The agreement framework signed after World War II that was the basis for an era in which tariffs and other trade barriers were significantly reduced in much of the world was called ______.
A) GATT
B) NASA
C) NAFTA
D) WTO

Accepted Answer

GATT (General Agreement on Tariffs and Trade) was signed after World War II and was the basis for an era of reduced trade barriers. NASA (National Aeronautics and Space Administration) and NAFTA (North American Free Trade Agreement) are not related to this agreement, while the WTO (World Trade Organization) was established in 1995 to oversee the implementation of GATT and other international trade agreements.

Question 15

Around ______% of shoes sold in the United States come from China.
A) 20
B) 40
C) 60
D) 80

Accepted Answer

Around 60% of shoes sold in the United States come from China, reflecting the country's significant role in the global footwear manufacturing industry.

Question 16

______ capital includes resources such as timber,water,and minerals that are components of nature that can be linked with human welfare.
A) Natural
B) Social
C) Manufactured
D) Human

Accepted Answer

The resources mentioned, such as timber, water, and minerals, are all natural capital. They are naturally occurring components of the environment that can be utilized to benefit humans. Social capital refers to social relationships and networks, manufactured capital refers to goods produced by humans, and human capital refers to education, skills, and health of individuals.

Question 17

______ refers to seeing things solely from one's own perspective.
A) Polycentrism
B) Ethnocentrism
C) Geocentrism
D) Parochialism

Accepted Answer

Parochialism refers to a limited or narrow outlook, especially focused on a local area, which can lead to seeing things solely from one's own perspective.

Question 18

______ capital refers to trust,norms,and networks that people can draw upon to solve common problems and create social cohesion.
A) Natural
B) Social
C) Manufactured
D) Human

Accepted Answer

Social capital refers to the networks, institutions, and norms that shape the quality and quantity of a society's social interactions. It includes trust, reciprocity, and social cohesion, which are all essential for individuals and communities to work together to solve common problems. Unlike natural, manufactured, or human capital, social capital is intangible and relies on social relationships and shared values.

Question 19

Which of the following is NOT one of the stages in the evolution of a company from local producer to global firm?
A) domestic
B) international
C) multinational
D) intranational

Accepted Answer

The evolution of a company from local producer to global firm usually involves the following stages: domestic, international, multinational, and global. "Intranational" is not a commonly recognized stage in this process.

Question 20

______ allow free,or low-cost,passage of goods among member nations.
A) Trade blocs
B) Tariffs
C) Embargoes
D) Ethnocentrics

Accepted Answer

Trade blocs refer to agreements between countries to allow free or low-cost passage of goods among member nations. Tariffs are taxes on imported goods, which discourage trade, while embargoes are restrictions on trade with specific countries or products. Ethnocentrism refers to the belief that one's own culture or country is superior to others.

Quiz 16: Global Issues for Human Resource Managers

Ryan's organization builds new roads and repairs old ones.Ryan's organization is involved in the creation of ______ capital.

Which of the following countries is NOT a part of NAFTA?

Around the early to mid-______ countries began forming reasonably large trade blocs to encourage trade between member countries but discourage trade from outside the trade blocs through trade barriers.

______ capital refers to the health,well-being,and productive potential of individual people.

______ capital is human-made capital like machines,tools,buildings,and other infrastructure that are used to produce other assets.

International operations require us to rethink ______ major function(s) in HRM.

______ are groups of countries that form an association to facilitate movement of goods across national borders.

Different countries' employment laws require HR to become competent in legal issues where the company operates and rethink ______.

______ is regarding one's own ethnic group or culture as superior to that of others.

______ is a negative attitude toward knowledge/technology/products from other external sources.

An impetus for increasing ______ over the past 50 years was the changing disposition toward the use of tariffs and other trade barriers by country governments.

The term ______ of markets refers to the buying and selling of goods and services worldwide.

Having a ______ mind-set is a key standard for contemporary managers.

The agreement framework signed after World War II that was the basis for an era in which tariffs and other trade barriers were significantly reduced in much of the world was called ______.

Around ______% of shoes sold in the United States come from China.

______ capital includes resources such as timber,water,and minerals that are components of nature that can be linked with human welfare.

______ refers to seeing things solely from one's own perspective.

______ capital refers to trust,norms,and networks that people can draw upon to solve common problems and create social cohesion.

Which of the following is NOT one of the stages in the evolution of a company from local producer to global firm?

______ allow free,or low-cost,passage of goods among member nations.