Question 1

Since the 1980s, most countries including the U.S. have been steadily lowering their tax rates.

Accepted Answer

A) True 
 B)False

Question 2

Discuss at least five potential disadvantages to initiating, continuing, and/or expanding international operations.

Accepted Answer

They include: 1) Foreign operations coul...

Question 3

Discuss at least five potential advantages to initiating, continuing, and/or expanding international operations.

Accepted Answer

They include: 1) Firms can gain new cust...

Question 4

The smile is one form of communication that works the same worldwide.

Accepted Answer

A) True 
 B)False

Question 5

Americans place an exceptionally high priority on ________ whereas many foreigners place more worth on ________.

Accepted Answer

A)   time; relationships
B)   relationships; time
C)   silence; time
D)   silence; relationships
E)   formality; informality

Question 6

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

Accepted Answer

A)   become a global competitor.
B)   remain a domestic competitor.
C)   remain a global competitor.
D)   expand beyond the role of domestic competitor.
E)   none of the above

Question 7

Keeping informed about the number and the nature of competitors is easier when doing business internationally.

Accepted Answer

A) True 
 B)False

Question 8

________ 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

A)   Multinational corporation
B)   Protectionism
C)   Globalization
D)   Assimilation
E)   World recession

Question 9

Before entering international markets, firms should do research to try and diminish the risk of doing business in new markets.

Accepted Answer

A) True 
 B)False

Question 10

The lowest cost source for precision machinery is

Accepted Answer

A)   Japan.
B)   Sri Lanka.
C)   Malaysia.
D)   Europe.
E)   Mexico.

Question 11

In which of the following industries is the U.S. NOT yet greatly challenged by foreign competitors?

Accepted Answer

A)   auto industry
B)   electronics
C)   manufacturing
D)   retailing
E)   None of the above

Question 12

Compare and contrast the culture in the U.S. with Mexico.

Accepted Answer

Mexicans desire harmony rather than conf...

Question 13

U.S. managers in Japan have to be careful about ________, whereby Japanese workers expect supervisors to alert them privately of changes rather than informing them in a meeting.

Accepted Answer

A)   feng shui
B)   nemaswashio
C)   wa
D)   guanxi
E)   inhwa

Question 14

In China, business relations revolve around guanxi, or personal relations.

Accepted Answer

A) True 
 B)False

Question 15

In South Korea, activities involve concern for ________, or harmony based on respect of hierarchical relationships, including obedience to authority.

Accepted Answer

A)   guanxi
B)   inhwa
C)   feng shui
D)   nemaswashio
E)   wa

Question 16

Which of the following statements is NOT true?

Accepted Answer

A)   America's economy is becoming much less American.
B)   A world economy and monetary system are emerging.
C)   Corporations in every corner of the globe are taking advantage of the opportunity to obtain customers globally.
D)   Markets are shifting slowly and in many cases diverging in tastes, trends, and prices.
E)   Innovative transport systems are accelerating the transfer of technology.

Question 17

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

Accepted Answer

A)   social
B)   cultural
C)   environmental
D)   political
E)   all of the above

Question 18

To see and appreciate the world from the perspective of others has become a matter of survival for business.

Accepted Answer

A) True 
 B)False

Question 19

Mexican workers expect and desire a work environment in which self-expression and initiative are encouraged.

Accepted Answer

A) True 
 B)False

Question 20

Strengths of competitors in foreign lands are often ________, and weaknesses are often ________.

Accepted Answer

A)   overestimated; overestimated
B)   overestimated; underestimated
C)   underestimated; underestimated
D)   underestimated; overestimated
E)   made too much of; ignored

Exam 11: Globalinternational Issues

Since the 1980s, most countries including the U.S. have been steadily lowering their tax rates.

Correct AnswerverifiedShow Answer

The smile is one form of communication that works the same worldwide.

Correct AnswerverifiedShow Answer

Mexican workers expect and desire a work environment in which self-expression and initiative are encouraged.

Correct AnswerverifiedShow Answer

Discuss at least five potential advantages to initiating, continuing, and/or expanding international operations.

Correct AnswerverifiedThey include: 1) Firms can gain new cust...View AnswerShow Answer

In China, business relations revolve around guanxi, or personal relations.

Correct AnswerverifiedShow Answer

Which of the following statements is NOT true?

Correct AnswerverifiedShow Answer

Keeping informed about the number and the nature of competitors is easier when doing business internationally.

Correct AnswerverifiedShow Answer

________ is a process of doing business worldwide, so strategic decisions are made based on global profitability of the firm rather than just domestic considerations.

Correct AnswerverifiedShow Answer

In South Korea, activities involve concern for ________, or harmony based on respect of hierarchical relationships, including obedience to authority.

Correct AnswerverifiedShow Answer

Discuss at least five potential disadvantages to initiating, continuing, and/or expanding international operations.

Correct AnswerverifiedThey include: 1) Foreign operations coul...View AnswerShow Answer

Before entering international markets, firms should do research to try and diminish the risk of doing business in new markets.

Correct AnswerverifiedShow Answer

Compare and contrast the culture in the U.S. with Mexico.

Correct AnswerverifiedMexicans desire harmony rather than conf...View AnswerShow Answer

To see and appreciate the world from the perspective of others has become a matter of survival for business.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

The lowest cost source for precision machinery is

Correct AnswerverifiedShow Answer

U.S. managers in Japan have to be careful about ________, whereby Japanese workers expect supervisors to alert them privately of changes rather than informing them in a meeting.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Strengths of competitors in foreign lands are often ________, and weaknesses are often ________.

Correct AnswerverifiedShow Answer

In which of the following industries is the U.S. NOT yet greatly challenged by foreign competitors?

Correct AnswerverifiedShow Answer

Americans place an exceptionally high priority on ________ whereas many foreigners place more worth on ________.

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
They include: 1) Firms can gain new cust...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
They include: 1) Foreign operations coul...
View Answer

Correct Answer
verified

Correct Answer
verified
Mexicans desire harmony rather than conf...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Strengths of competitors in foreign lands are often , and weaknesses are often .

Correct Answer
verified

Correct Answer
verified

Americans place an exceptionally high priority on whereas many foreigners place more worth on .

Correct Answer
verified