Question 1

Define globalization and explain why the global market is becoming more open.

Accepted Answer

Globalization is the set of specific and...

Question 2

A ________ is an organization that is NOT presently in a task environment but has the resources to enter if it so chooses.

Accepted Answer

A)  potential supplier
B)  potential competitor
C)  distributor
D)  supplier
E)  competitor

Question 3

Due to changing ________ forces, Constantine's oil company benefited greatly from decreased regulation of his industry.

Accepted Answer

A)  sociocultural
B)  political and legal
C)  technological
D)  ethnographic
E)  demographic

Question 4

You are considering expanding your chain of stores to another country, but you are concerned about the barriers to entry. Describe in brief the three main sources from which barriers to entry result. How would you manage these barriers?

Accepted Answer

Barriers to entry are factors that make ...

Question 5

Proscriptions against murder, theft and adultery are ________ that are central to the functioning of society.

Accepted Answer

A)  mores
B)  folkways
C)  values
D)  laws
E)  superstitions

Question 6

The GLOBE Project's cultural dimension of ________ focuses on the degree to which individuals express pride, loyalty, and cohesiveness in their organizations or families.

Accepted Answer

A)  in-group collectivism
B)  institutional collectivism
C)  assertiveness
D)  performance orientation
E)  humane orientation

Question 7

Which cultural dimension in the GLOBE Project is being demonstrated by an organization that encourages and rewards individuals for being fair, altruistic, generous, caring, and kind to others?

Accepted Answer

A)  in-group collectivism
B)  future orientation
C)  gender egalitarianism
D)  performance orientation
E)  humane orientation

Question 8

Globalization has decreased the levels of interdependence between people and nations.

Accepted Answer

A) True 
 B)False

Question 9

Apple contracts with companies in Taiwan to make inputs such as the chips, batteries, and LCD displays that power its digital devices at lower costs. This strategy is an example of global

Accepted Answer

A)  exporting.
B)  franchising.
C)  importing.
D)  networking.
E)  outsourcing.

Question 10

Surrey Store gets its products directly from the manufacturer and sells them to consumers. In this case, the manufacturer is a

Accepted Answer

A)  supplier.
B)  competitor.
C)  distributor.
D)  processor.
E)  consumer.

Question 11

Assume you live in a society that is high on individualism and has a long-term orientation. Describe what attributes you would likely exhibit.

Accepted Answer

Student answers will vary but should inc...

Question 12

A high level of rivalry typically results in price competition that increases existing prices.

Accepted Answer

A) True 
 B)False

Question 13

________ capital flows through the processes of overseas investment, credit, lending, and aid.

Accepted Answer

A)  Human
B)  Technological
C)  Political
D)  Resource
E)  Financial

Question 14

Which type of forces are outcomes of changes in or changing attitudes toward the characteristics of a population?

Accepted Answer

A)  demographic
B)  terminal
C)  ethnographic
D)  geopolitical
E)  instrumental

Question 15

By ________, Hofstede was referring to the degree to which societies accept the idea that inequalities in the power and well-being of their citizens are due to differences in individuals' physical and intellectual capabilities and heritage.

Accepted Answer

A)  power distance
B)  individualism
C)  collectivism
D)  uncertainty avoidance
E)  long-term orientation

Question 16

Collectivism values include

Accepted Answer

A)  assertiveness.
B)  warm personal relationships.
C)  persistence in achieving goals.
D)  subordination of the individual to the goals of the group.
E)  a high regard for self-expression.

Question 17

How has the lowering of barriers to trade and investment affected managers' ability to expand their businesses?

Accepted Answer

The lowering of barriers to trade and in...

Question 18

The task environment includes

Accepted Answer

A)  the wide-ranging global, technological, sociocultural, and political forces that affect organizations.
B)  the forces that have the least immediate effect on managers and their decisions.
C)  opportunities and threats that are harder to identify than those in the general environment.
D)  a framework of environmental policies that dictate the CSR policies of global organizations.
E)  the set of forces that originate with global suppliers, distributors, customers, and competitors.

Question 19

________ are individuals and groups that buy the goods and services an organization produces.

Accepted Answer

A)  Customers
B)  Suppliers
C)  Distributors
D)  Competitors
E)  Processors

Question 20

Briefly discuss the factors that led to the decline of distance and cultural barriers and the impact this had upon companies operating in the global environment.

Accepted Answer

Historically, barriers of distance and c...

Exam 6: Managing in the Global Environment

Which cultural dimension in the GLOBE Project is being demonstrated by an organization that encourages and rewards individuals for being fair, altruistic, generous, caring, and kind to others?

Correct AnswerverifiedShow Answer

Surrey Store gets its products directly from the manufacturer and sells them to consumers. In this case, the manufacturer is a

Correct AnswerverifiedShow Answer

________ are individuals and groups that buy the goods and services an organization produces.

Correct AnswerverifiedShow Answer

Globalization has decreased the levels of interdependence between people and nations.

Correct AnswerverifiedShow Answer

________ capital flows through the processes of overseas investment, credit, lending, and aid.

Correct AnswerverifiedShow Answer

Due to changing ________ forces, Constantine's oil company benefited greatly from decreased regulation of his industry.

Correct AnswerverifiedShow Answer

The GLOBE Project's cultural dimension of ________ focuses on the degree to which individuals express pride, loyalty, and cohesiveness in their organizations or families.

Correct AnswerverifiedShow Answer

A high level of rivalry typically results in price competition that increases existing prices.

Correct AnswerverifiedShow Answer

Briefly discuss the factors that led to the decline of distance and cultural barriers and the impact this had upon companies operating in the global environment.

Correct AnswerverifiedHistorically, barriers of distance and c...View AnswerShow Answer

Define globalization and explain why the global market is becoming more open.

Correct AnswerverifiedGlobalization is the set of specific and...View AnswerShow Answer

How has the lowering of barriers to trade and investment affected managers' ability to expand their businesses?

Correct AnswerverifiedThe lowering of barriers to trade and in...View AnswerShow Answer

The task environment includes

Correct AnswerverifiedShow Answer

Assume you live in a society that is high on individualism and has a long-term orientation. Describe what attributes you would likely exhibit.

Correct AnswerverifiedStudent answers will vary but should inc...View AnswerShow Answer

By ________, Hofstede was referring to the degree to which societies accept the idea that inequalities in the power and well-being of their citizens are due to differences in individuals' physical and intellectual capabilities and heritage.

Correct AnswerverifiedShow Answer

Collectivism values include

Correct AnswerverifiedShow Answer

Proscriptions against murder, theft and adultery are ________ that are central to the functioning of society.

Correct AnswerverifiedShow Answer

You are considering expanding your chain of stores to another country, but you are concerned about the barriers to entry. Describe in brief the three main sources from which barriers to entry result. How would you manage these barriers?

Correct AnswerverifiedBarriers to entry are factors that make ...View AnswerShow Answer

Which type of forces are outcomes of changes in or changing attitudes toward the characteristics of a population?

Correct AnswerverifiedShow Answer

Apple contracts with companies in Taiwan to make inputs such as the chips, batteries, and LCD displays that power its digital devices at lower costs. This strategy is an example of global

Correct AnswerverifiedShow Answer

A ________ is an organization that is NOT presently in a task environment but has the resources to enter if it so chooses.

Correct AnswerverifiedShow Answer

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Historically, barriers of distance and c...
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Correct Answer
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Globalization is the set of specific and...
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Correct Answer
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The lowering of barriers to trade and in...
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Correct Answer
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Correct Answer
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Student answers will vary but should inc...
View Answer

Correct Answer
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Correct Answer
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Correct Answer
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Barriers to entry are factors that make ...
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