Question 1

Discuss how culture plays out in terms of ethical behavior. What can organizations do to manage these issues more effectively?

Accepted Answer

The answer of Discuss how culture plays out in terms...

Question 2

The _____ organizational model is designed to enable a company to market a standardized product in the worldwide marketplace and to manufacture that product in a limited number of locations where the mix of costs and skills is most favorable.

Accepted Answer

A)  international
B)  multinational
C)  global
D)  transnational
E)  decentralizedF) A) and B)
G) B) and D)

Question 3

Foam Cutters is a speedboat manufacturing company based in California. The company operates a subsidiary in Australia, marketing products that are customized to appeal to Australian tastes. In this case, Foam Cutters is following the _____ model.

Accepted Answer

A)  domestic
B)  international
C)  multinational
D)  contingency
E)  globalF) A) and B)
G) A) and C)

Question 4

Which country has received the most foreign direct investment in recent years?

Accepted Answer

A)  Brazil
B)  China
C)  Mexico
D)  The United States
E)  VietnamF) A) and E)
G) A) and D)

Question 5

An advantage of licensing as a method of entering global competition is that the

Accepted Answer

A)  licensee bears most of the costs and risks associated.
B)  licensing company has control over its technology.
C)  licensing company has control over quality levels.
D)  licensing company has lower communication costs.
E)  licensee has lower production costs.F) C) and E)
G) All of the above

Question 6

Which of the following countries is on its way to becoming the largest producer and consumer of many of the world's goods?

Accepted Answer

A)  Japan
B)  Canada
C)  Mexico
D)  China
E)  VietnamF) C) and D)
G) B) and C)

Question 7

Summarize the skills and knowledge managers need to manage globally.

Accepted Answer

The answer of Summarize the skills and knowledge managers need...

Question 8

Gerard's company used to have one of its clothing lines manufactured by an outside supplier. That line is now manufactured at a new factory built by Gerard's company. This change is an example of _____.

Accepted Answer

A)  offshoring
B)  outsourcing
C)  inshoring
D)  insourcing
E)  offsourcingF) B) and C)
G) A) and D)

Question 9

Based on Scenario A, which of the following global strategies is Primo Company using?

Accepted Answer

A)  Global
B)  International
C)  Transnational
D)  Multinational
E)  DomesticF) B) and D)
G) B) and C)

Question 10

Summarize the benefits and challenges that have occurred because of European unification.

Accepted Answer

The European unification has brought abo...

Question 11

The model in which managers use their organization's existing core capabilities to expand into foreign markets is called the ____ model.

Accepted Answer

A)  international
B)  multinational
C)  global
D)  transnational
E)  contingencyF) B) and E)
G) None of the above

Question 12

Bob's Better Burgers sells small business owners the rights to use the company's brand name in return for a lump-sum payment and a share of the buyer's profits. This practice is referred to as

Accepted Answer

A)  offshoring.
B)  international licensing.
C)  exporting.
D)  franchising.
E)  royalty facilitation.F) A) and E)
G) D) and E)

Question 13

Which of the following is true of the multinational approach to international competition?

Accepted Answer

A)  The subsidiaries are completely under the control of the parent company.
B)  The parent company allows the subsidiaries to respond to local conditions.
C)  The companies have centralized manufacturing facilities.
D)  The subsidiaries depend completely on the parent company for new products.
E)  The system lowers manufacturing costs by eliminating duplication of effort.F) A) and B)
G) A) and C)

Question 14

In companies that adopt the _____ model of organizational structure, functions are centralized where it makes sense to do so, but a great deal of decision making also takes place at the local level.

Accepted Answer

A)  international
B)  multinational
C)  global
D)  transnational
E)  intranationalF) B) and C)
G) C) and E)

Question 15

The organizational model that enables managers to "think globally but act locally" is the

Accepted Answer

A)  intranational model.
B)  international model.
C)  multinational model.
D)  global model.
E)  transnational model.F) All of the above
G) A) and B)

Question 16

What does an integration-responsiveness grid help a manager to do?

Accepted Answer

A)  Determine the profit-loss ratio for a new product.
B)  Choose a price point by graphing a product's supply and demand.
C)  Identify the best strategy for competing in a global marketplace.
D)  Do a cost-benefit analysis for outsourcing.
E)  Compare the economic advantages of outsourcing versus inshoring.F) B) and C)
G) A) and E)

Question 17

Discuss the four dimensions identified by Geert Hofstede to analyze cultural differences among countries. Explain the classification for a country of your choice using the Hofstede's model.

Accepted Answer

Geert Hofstede's cultural dimensions the...

Question 18

Research suggests that regardless of nationality or religion, most people embrace a set of five core values. Which of the following is one of the five core values?

Accepted Answer

A)  Ambition
B)  Competitiveness
C)  Greed
D)  Submission
E)  CompassionF) A) and B)
G) A) and E)

Question 19

Which of the following is a reason why some companies prefer to use expatriates at their overseas operations?

Accepted Answer

A)  It can cost three to four times as much to use host-country nationals, compared to expatriates.
B)  Expatriates often tend to transfer the corporate culture and best practices to other countries.
C)  The personal security of host-country nationals may be an issue in some developing countries.
D)  Governments may provide incentives to employ expatriates.
E)  Expatriates tend to be more available than the local employees.F) B) and E)
G) B) and D)

Question 20

State the factors that managers should take into account while deciding whether or not to offshore.

Accepted Answer

The answer of State the factors that managers should take...

Exam 6: International Management

Based on Scenario A, which of the following global strategies is Primo Company using?

Correct AnswerverifiedShow Answer

Which of the following countries is on its way to becoming the largest producer and consumer of many of the world's goods?

Correct AnswerverifiedShow Answer

Which of the following is a reason why some companies prefer to use expatriates at their overseas operations?

Correct AnswerverifiedShow Answer

Research suggests that regardless of nationality or religion, most people embrace a set of five core values. Which of the following is one of the five core values?

Correct AnswerverifiedShow Answer

Foam Cutters is a speedboat manufacturing company based in California. The company operates a subsidiary in Australia, marketing products that are customized to appeal to Australian tastes. In this case, Foam Cutters is following the _____ model.

Correct AnswerverifiedShow Answer

Gerard's company used to have one of its clothing lines manufactured by an outside supplier. That line is now manufactured at a new factory built by Gerard's company. This change is an example of _____.

Correct AnswerverifiedShow Answer

The _____ organizational model is designed to enable a company to market a standardized product in the worldwide marketplace and to manufacture that product in a limited number of locations where the mix of costs and skills is most favorable.

Correct AnswerverifiedShow Answer

Bob's Better Burgers sells small business owners the rights to use the company's brand name in return for a lump-sum payment and a share of the buyer's profits. This practice is referred to as

Correct AnswerverifiedShow Answer

In companies that adopt the _____ model of organizational structure, functions are centralized where it makes sense to do so, but a great deal of decision making also takes place at the local level.

Correct AnswerverifiedShow Answer

What does an integration-responsiveness grid help a manager to do?

Correct AnswerverifiedShow Answer

Discuss how culture plays out in terms of ethical behavior. What can organizations do to manage these issues more effectively?

Correct AnswerverifiedShow Answer

State the factors that managers should take into account while deciding whether or not to offshore.

Correct AnswerverifiedShow Answer

Which country has received the most foreign direct investment in recent years?

Correct AnswerverifiedShow Answer

An advantage of licensing as a method of entering global competition is that the

Correct AnswerverifiedShow Answer

The organizational model that enables managers to "think globally but act locally" is the

Correct AnswerverifiedShow Answer

Summarize the skills and knowledge managers need to manage globally.

Correct AnswerverifiedShow Answer

The model in which managers use their organization's existing core capabilities to expand into foreign markets is called the ____ model.

Correct AnswerverifiedShow Answer

Discuss the four dimensions identified by Geert Hofstede to analyze cultural differences among countries. Explain the classification for a country of your choice using the Hofstede's model.

Correct AnswerAnswered by ExamLex AIGeert Hofstede's cultural dimensions the...View AnswerShow Answer

Which of the following is true of the multinational approach to international competition?

Correct AnswerverifiedShow Answer

Summarize the benefits and challenges that have occurred because of European unification.

Correct AnswerAnswered by ExamLex AIThe European unification has brought abo...View AnswerShow Answer

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Geert Hofstede's cultural dimensions the...
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The European unification has brought abo...
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