MGMT CH. 4

The shrinking of time and space thanks to air travel and electronic media is referred to as the global village.
True False

A manager living or working in a foreign country is called an expatriate.
True False

which of the following is an example of a multinational corporation?

A. international red cross
B. citigroup
C. church of latter day saints
D. world health organization

______ managers believe that their native country, culture, language, and behavior are superior to all others.

A. ethnocentric
B. geocentric
C. polycentric
D. trancentric

_____ refers to using suppliers outside the company to provide goods and services.

A. exporting
B. outsourcing
C. bartering
D. licensing

A(n) _____ is a complete ban on the import or export of certain products.

A. trade deficit
B. embargo
C. quota
D. tariff

Exchanging goods for other goods is called

A. arbitrage
B. outsourcing
C. countertrade
D. importing

countries often use trade protectionism to expand imports of foreign goods and services
True False

When importing, a company produces goods domestically and sells them outside the country.
True False

_____ is a preference for doing one thing at a time.

A. individualism
B. polychronic time
C. monochronic time
D. achievement orientation