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The WTO


A) oversees mergers between large multinational corporations.
B) monitors business start-ups globally.
C) monitors and enforces trade agreements.
D) ensures that multinational organizations are behaving ethically.
E) keeps an eye on suspected terrorists.

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Which of the following is NOT one of the BRICS countries?


A) Brazil
B) Russia
C) Indonesia
D) China
E) South Africa

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In 1999,the top exporting nation was the United States,but in 2015 the world's top exporting nation was China.

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During global culture training for a group of employees who are being transferred to Egypt,Samira,the HR training manager,remarked that "in the Arab world,men often hold hands,which is meant to express


A) the acceptance of a business deal."
B) solidarity and friendship."
C) the acceptance of a future son-in-law into the family."
D) concentration and focus."
E) personal dominance."

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Donald is the owner of The Party Hat,a U.S.event-planning company.He plans to open an event-planning company,Events & Adventures,in London.Events & Adventures will be totally owned and controlled by The Party Hat,which makes Events & Adventures a ____ of The Party Hat.


A) joint venture
B) total investment agreement
C) strategic alliance
D) wholly-owned subsidiary
E) maquiladora

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Which of the following statements is FALSE?


A) The United States was the world's largest economy in
2014.
B) Global trade has helped lift hundreds of millions of Chinese out of poverty.
C) The presence of a few dominant companies in an industry makes it more difficult for entrepreneurs to start a business in that sector.
D) Around the world,consumers are showing a robust appetite for the sharing-based economy.
E) Most Americans use their mobile devices for getting directions or listening to music rather than making purchases.

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Roberto,the vice president of marketing,is talking to Francis,a sales manager in a foreign office,about several local situations that Francis's reps are facing in their territory.Roberto tells Francis that he believes there are differences and similarities between home and foreign personnel and practices,and that Francis should use whatever techniques are most effective.Roberto is a(n) ____ manager.


A) parochial
B) ethnocentric
C) global
D) geocentric
E) polycentric

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This question has two parts;be sure to answer each one.First,what was the purpose of the GLOBE project,and what are its nine dimensions? Second,assume that you are managing a U.S.business that wants to export furniture to Russia,Sweden,or Singapore.Describe how you would use results from the GLOBE project to negotiate a deal to deliver a new line of furniture to distributors in one of these countries.

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The GLOBE project is a massive and ongoi...

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_____ is another word for ethnocentrism.


A) Geocentrism
B) Ecocentrism
C) Parochialism
D) Open-mindedness
E) A flexible management style

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Ethnocentric managers believe that their native country,culture,language,and behavior


A) are equal to all other cultures.
B) are hurtful to others.
C) need to be changed.
D) are outdated.
E) are superior to all others.

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Technology Experts is a U.S.company that specializes in IT research.It has formed a joint venture with Processor Inc. ,a Canadian organization that has a reputation for producing quality PCs.The two companies will work together to market laptops in China,sharing the risks and rewards of starting the new enterprise together.Technology Experts and Processor Inc.are partners in a(n)


A) strategic alliance.
B) global strategy.
C) export strategy.
D) import strategy.
E) franchising strategy.

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Great systems of _____ are the hallmark of great civilizations.


A) laws
B) diversity
C) leadership
D) communications
E) manufacturing

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______ are Mexican manufacturing plants with low labor costs that give special privileges to their American owners in return for employing Mexican citizens.


A) Diversedoras
B) Barteristas
C) Globalists
D) Internationaladoras
E) Maquiladoras

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Recent protests against World Bank operations involve complaints that the World Bank (1) supports countries that permit sweatshop labor or restrict religious freedom,and (2)


A) financially assists al Qaeda-linked governments.
B) encourages fraudulent lending practices in Latin America.
C) ignores major human-rights violations in western Africa.
D) institutes an unfavorable balance of payments in developing nations.
E) finances projects that could damage the ecosystem.
In recent years,the World Bank has been the target of demonstrations.Protesters believe it finances projects that could damage the ecosystem,such as the Three Gorges Dam on China's Yangtze River.Others complain that the World Bank supports countries that permit low-paying sweatshops or that suppress religious freedom.

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________ is prevented by quotas.


A) Outsourcing
B) Tariffs
C) Exporting
D) An embargo
E) Dumping

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An import quota is a(n)


A) trade barrier.
B) embargo.
C) sanction.
D) export fee.
E) type of dumping.

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Greg,a geologist from Kansas who works for ExxonMobil,has decided to transfer to one of ExxonMobil's offices in Saudi Arabia.Greg is a(n) ____ while living in Saudi Arabia,


A) globalist
B) internationalist
C) traitor
D) expatriate
E) migrator

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Shoes International is a global nonprofit organization that works with schools and various companies to donate shoes to poor children throughout the world.Shoes International is an example of a


A) multinational corporation.
B) conglomerate.
C) foreign firm.
D) philanthropic corporation.
E) multinational organization.

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Dawn grew up helping her father work on cars in his auto repair shop and developed into an excellent auto technician.Because of stereotypes regarding women in this field,she is interested in finding a shop that minimizes gender discrimination and role inequalities.Dawn wants to work for a company that highly values gender egalitarianism.

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This question has two parts;be sure to answer both.First,define the concept of y.Second,explain the three historic global changes,discussed by Rosabeth Moss Kantor of the Harvard Business School,that set the stage for globalization.

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The global economy refers to the increas...

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