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Exam 3: Managing in a Global Environment

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Question 1

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Which of these reflects a cultural preference for cooperation, group decision making, and quality of life?

A) Individualism
B) Collectivism
C) Masculinity
D) Femininity
E) Power distance

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Question 2

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The least costly and least risky direct investment is called a greenfield venture.

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Question 3

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The basic management functions of planning, organizing, leading, and controlling are the same whether a company operates domestically or internationally.

Franchising is a form of which of these?

The management of business operations conducted in more than one country is called:

Fifteen member states of the EU have adopted the rupee, as a single European currency.

If you built a computer company in Africa and then found that your product was having difficulty being distributed to customers because of the road system, your problem would be related to:

With exporting, the corporation transfers its products for sale and its production facilities in foreign countries.

A high humane orientation means that a society encourages toughness, assertiveness, and competitiveness.

Ethnocentrism refers to a natural tendency of people to regard their own culture as inferior to other cultures.

Which of the following is defined as a culture in which communication is used to enhance personal relationships?

Scenario - Sharon Cannon Sharon Cannon, a U.S. native, was an MBA student in Detroit, Michigan, with a managerial position at the Ford Motor Company plant. She was invited to join a company that had entered into a joint venture with a German firm to manage a Volkswagen plant. Sharon would be under contract for one year, with an option to renew for a total of three years. Her salary would be 350% more than she was currently earning, and she would be given two all- expenses paid vacations each year. The money and the benefits sounded very nice, but Sharon wasn't sure what the best choice would be. -Which of Hofstede's value dimensions would be accurate for Sharon's native culture?

List the four dimensions of national value systems identified by Hofstede.

An alliance begun in 1957 to improve economic and social conditions among its members, it has evolved into the 27-nation_________ .

Which of the following countries possesses a low degree of gender differentiation?

Social values greatly influence organizational functioning and management styles.

_________reflects the values of relationships, cooperation, group decision making, and quality of life.

When Harbor Trades, a Korean-based company, makes resources including technology, managerial skills, and patent and trademark rights available to Nano Technologies, a Russian company whereby allowing Nano to make products similar to Harbor, it is engaging in exporting.

A low-context culture is a culture in which communication is used to enhance personal relationships.

One of Hofstede's social values that was developed later is: