Management 5

  1. 1. __________ refers to the process of growing interdependence among resource supplies, product markets, and business competition on a worldwide basis.

    A. Globalisation
  2. 2. Which of the following does NOT describe the characteristics of global managers?

    A. Focusing on domestic market demands
  3. 3. Which of the following accurately describes member countries of the forum for Asian-Pacific Economic Cooperation (APEC)?

    B. The member countries represent one third of the world's top market for cars and telecommunications equipment.
  4. 4. The Asia-Pacific Economic Cooperation (APEC) provides for Asia-Pacific economies to strengthen regional links and

    C. pursue common trade and economic goals
  5. 5. The Organisation for Economic Cooperation and Development (OECD) facilitates a developed-country forum in which Australia and New Zealand can meet with _______ to discuss economic, trade and social policy concerns.

    A. Japan, North America and Western Europe
  6. 6. Australia's strengthening cooperation with Asia contributes to

    D. All of the above
  7. 7. Which of the following statements about the relationship between Australia and New Zealand is true?

    D. The relationship between the two countries remains strong, and is evident from the progress on the progress on the continuing Trans-Tasman trade and economic agenda.
  8. 8. Which of the following are competitive implications for the European Union?

    A. Free flow of workers, goods and services, and investments across national boundaries
  9. 9. The European Union is composed of 27 Western European countries that have

    D. agreed to promote mutual economic growth by removing trade barriers.
  10. 10. The __________ is/are comprised of 27 countries linked together through favourable trade and customs laws to facilitate the free flow of workers, products and investments across national boundaries.

    C. European Union
  11. 11. Important business and economic agreements among the EU countries include all the following EXCEPT

    A. discouraging a common currency among members.
  12. 12. The __________ is the new common currency of the European Union.

    C. Euro
  13. 13. Which of the following is NOT an expected benefit of a common European currency?

    C. A common currency will eliminate economic risks.
  14. 14. Countries that have joined together to form the North American Free Trade Agreement (NAFTA) include

    A. Canada, the United States and Mexico
  15. 15. One of the controversies associated with NAFTA is the operation of manufacturing plants that are allowed to import materials, components and equipment duty free. These firms are called

    E. Maquiladoras.
  16. 16. The North American Free Trade Agreement has created a market of potential consumers larger than its rival, the

    B. European Union.
  17. 17. Which one of the following statements does NOT accurately describe the concerns of the countries that negotiated the North American Free Trade Agreement?

    C. Canadians worried about a vast influx of Mexican immigrants into Canada, thereby providing a cheap source of labour.
  18. 18. Trade between the Canada, Mexico and United States is characterised by

    E. free flow of goods and services, workers and investments.
  19. 19. Along with the EU, __________ is among Australia and New Zealand's largest trading partners and sources of foreign investment.

    B. USA
  20. 20. Australia and New Zealand's interest in high quality US engagement in the Asia-Pacific region continues, especially the importance of good US relations with

    D. All of the above.
  21. 21. Examples of successful collaborations between Australia/NZ and Latin America include

    D. All of the above
  22. 22. Two Harvard University professors' analysis of the foreign investment environment in Africa concluded that

    D. All of the above
  23. 23. __________ is a region of ethnic turmoil and civil strife in countries struggling along the road to peace and economic development while simultaneously being a region rich with international business opportunities.

    E. Africa
  24. 24. Africa is a continent with a growing economy that beckons international business because of its

    A. natural resources
  25. 25. __________ tends to discourage international business in parts of Africa.

    D. All of the above
  26. 26. __________ links 14 countries of southern Africa in trade and economic development efforts.

    D. South African Development Community (SADC)
  27. 27. Businesses expand their operations to the international market for many reasons. Which of these is NOT a reason offered by your text?

    C. To take advantage of decreased governmental control in host countries
  28. 28. Conducting for-profit transactions of goods and services across national boundaries is the foundation of

    D. international business
  29. 29. The reasons for engaging in international business include all of the following EXCEPT

    C. seeking to eliminate ethical concerns.
  30. 30. A free-market economy is one that

    B. operates under capitalism and laws of supply and demand.
  31. 31. When the government makes decisions that determine allocations of raw materials, set product output quotas, and regulate wages and prices, the nation is operating under

    B. a central-planning economy.
  32. 32. Controversies emerge over rising prices, unemployment, business competition and the challenges of privatisation as

    D. as central-planning economies change to free-market economies
  33. 33. The collapse of communism in the former Soviet Union and the nations dominated by it

    D. All of the above
  34. 34. __________ is the selling of state-owned enterprises into private ownership.

    C. Privatisation
  35. 35. Political calls for tariffs and favourable treatment to help shelter domestic businesses from foreign competition is known as

    B. protectionism.
  36. 36. Common legal problems in international business involve all of the following EXCEPT

    D. environmental pollution restrictions.
  37. 37. Foreign companies operating in the Asia-Pacific

    D. All of the above.
  38. 38. Because educational systems vary from country to country, business leaders around the world are concerned about

    D. All of the above.
  39. 39. Which of the following does NOT accurately characterise the conduct of international business?

    D. When a business is just getting started internationally, direct investment strategies are the usual way to begin.
  40. 40. ____________ provides a business with the opportunity to take advantage of international wage gaps and the availability of skilled labour by dispersing more and more work to foreign locations.

    D. Global sourcing
  41. 41. The exporting of products involves

    B. selling locally made products in foreign markets.
  42. 42. The importing of products involves

    A. acquiring foreign-made products and selling them in domestic markets.
  43. 43. __________ is a form of international business through which a company pays a fee for the rights to manufacture or sell another firm's products.

    C. A licensing agreement
  44. 44. A __________ is an international business approach that typically grants access to unique manufacturing technology, a special patent, or trademark rights.

    B. licensing agreement.
  45. 45. A form of licensing in which the licensee buys the complete support package needed to open the business is a

    A. franchise
  46. 46. Joint ventures are __________ that help participants to gain things through cooperation that otherwise would be difficult to achieve independently.

    A. strategic alliances
  47. 47. A checklist for selecting joint venture partners in a foreign country should include which of the following?

    D. All of the above
  48. 48. In selecting joint venture partners in a foreign country, a company should do all of the following EXCEPT

    A. choose a partner that is a new entrant to your firm's line of business.
  49. 49. Which of the following forms of international business transactions represent investments in a local operation that is completely owned and controlled by a foreign firm?

    C. Wholly owned subsidiaries
  50. 50. The best definition of a multinational corporation is

    A. a business that has extensive international operations in more than one foreign country.
  51. 51. Which of the following are mutual benefits for a multinational corporation and a host country?

    D. All of the above
  52. 52. A company that operates worldwide without being identified with one national home is known as a ___________.

    E. transnational corporation
  53. 53. All of the following are benefits to the host country of a multinational corporation EXCEPT

    A. reduced tax base.
  54. 54. Multinational corporations have several complaints about host countries. Which of the following is NOT one of these complaints?

    A. Pressure to keep local wage rates low
  55. 55. Multinational corporations are often criticised at home for

    D. All of the above.
  56. 56. Which of the following statements about corruption is NOT true?

    A. Companies adhering to anti-corruption policies are at a competitive advantage.
  57. 57. The extent of global environmental protection is affected by all of the following concerns and practices EXCEPT

    A. only the highly industrialised nations are worried about industrial pollution of cities, hazardous waste disposal, and depletion of natural resources.
  58. 58. A shared set of beliefs, values and patterns of behaviour common to a group of people is referred to as

    D. culture.
  59. 59. __________ is the confusion and discomfort a person experiences when in an unfamiliar culture.

    A. Culture shock
  60. 60. Which sequence accurately describes the stages that a person goes through in adjusting to a new culture?

    D. Confusion, small victories, the honeymoon, irritation/anger and reality
  61. 61. __________ cultures are those in which much communication takes place through nonverbal and situational cues in addition to the written or spoken word.

    A. High-context
  62. 62. Which of the following statements provides an incorrect description of the role of interpersonal space in culture?

    D. Australians and New Zealanders prefer close interpersonal space in interpersonal communications.
  63. 63. In __________, people tend to do one thing at a time.

    B. monochronic cultures
  64. 64. In __________, time is used to accomplish many things at once.

    D. polychronic cultures
  65. 65. As a cultural variable, religion may

    D. All of the above.
  66. 66. Which of the following is a true statement about the role of contracts in different cultures?

    A. Cultures vary in their use of contracts and agreements.
  67. 67. Geert Hofstede has developed a framework consisting of five dimensions for understanding the management implications of broad differences in national cultures. Which of the following accurately identifies these five dimensions?

    B. Power distance, uncertainty avoidance, individualism-collectivism, masculinity-femininity and time orientation
  68. 68. Which of the following examples represent Hofstede's individualism-collectivism dimension?

    C. Reliance on individual self-interest versus the collective values of the group
  69. 69. Which of the following examples represent Hofstede's masculinity-femininity dimension?

    E. Assertiveness versus concerns for feelings
  70. 70. Which of the following examples represent Hofstede's power distance dimension?

    A. Everybody should have equal rights versus the ones who are in control are entitled to privilege.
  71. 71. Hofstede's cultural framework helps identify useful managerial implications of cultural differences, including all of the following EXCEPT

    E. in more feminine societies, the workplace displays more rigid gender stereotypes.
  72. 72. Fons Trompenaars' framework for identifying systematic cultural differences focuses on

    D. All of the above.
  73. 73. According to Fons Trompenaars, __________ is the degree to which a culture emphasises individual freedoms and responsibilities in relationships or focuses more on group interests and openness.

    E. individualism versus collectivism
  74. 74. According to Fons Trompenaars, __________ is the degree to which a culture emphasises objectivity and reserved detachment in relationships or allows for more emotionality and expressed feelings.

    D. neutral versus affective
  75. 75. According to Fons Trompenaars, __________ is the degree to which a culture emphasises focused and in-depth relationships or broader and more superficial ones.

    C. specific versus diffuse.
  76. 76. According to Fons Trompenaars, __________ is the degree to which a culture emphasises rules and consistency in relationships or accepts flexibility and the bending of rules to fit circumstances.

    A. universalism versus particularism
  77. 77. The __________ refers to a culture that views time as a continuous and passing series of events.

    D. sequential view
  78. 78. The __________ refers to a culture that views time as linear with an interrelated past, present and future.

    D. Synchronic view
  79. 79. Trompenaars recognises that cultures vary in their approach to the environment. In a(n) __________ culture, people tend to view themselves as separate from nature.

    D. inner-directed
  80. 80. Fons Trompenaars' cultural framework suggests that in a(n) __________ culture, people tend to view themselves as part of nature.

    D. outer-directed
  81. 81. The global manager is a person who is

    D. All of the above.
  82. 82. __________ is the study of how management practices systematically differ among countries and/or cultures.

    C. Comparative management
  83. 83. Which one of the following is NOT true regarding planning and controlling of global operations?

    A. Global planning and controlling are not especially challenging or difficult because of the availability of computer-based global networks.
  84. 84. __________ is the potential loss of one's investment in or managerial control of a foreign asset due to changes in the host country's political environment.

    A. Political risk
  85. 85. Forecasting the probability of events that may threaten the security of a foreign investment is referred to as __________ analysis.

    D. political-risk
  86. 86. __________ refers to potential loss due to fluctuating exchange rates.

    C. Currency risk
  87. 87. The personal attributes that are considered important for employees accepting overseas assignments include all of the following EXCEPT

    E. a strong sense of personal ethics.
  88. 88. One of the concerns of multinational corporations is whether accepted US and Western European management practices and theories are appropriate for use as models abroad. Hofstede's research in this area indicates that these theories

    A. work best within multinational corporations.
  89. 89. The text discusses characteristics of the Japanese approach to management. Which of the following is NOT one of these characteristics?

    E. Japanese practice emphasises job enrichment, focusing on restructuring individual jobs to suit individual needs.
  90. 90. In Japan, __________ are long-term industry alliances or business groups that link together various businesses -- manufacturers, suppliers and finance companies -- to attain common interests.

    D. keiretsu
  91. 91. Companies that believe in __________, realise that businesses around the world have much to share with and learn from on another.

    D. global organisational learning
  92. 92. To promote global organisational learning, organisations and their members should

    D. All of the above.
Card Set
Management 5
Management 5