Question 1

Which of the following is NOT one of the environmental challenges that complicates international management?

Accepted Answer

A)   Technological
B)   Political
C)   Economic
D)   Cultural
E)   LegalF) A) and E)
G) B) and C)

Question 2

Under which management function do differences between domestic and international production quality standards fall?

Accepted Answer

A)   Planning
B)   Organizing
C)   Decision making
D)   Leading
E)   ControllingF) None of the above
G) C) and D)

Question 3

Briefly describe Hofstede's five fundamental differences that can be used to characterize people in different cultures.

Accepted Answer

Hofstede's five fundamental differences ...

Question 4

As a manufacturing firm builds a plant in Bolivia,it also has to build an airstrip so that it can get the building supplies and the component parts it needs for operation to the Bolivian facility.The building of the airstrip was necessary because Bolivia has

Accepted Answer

A)   limited natural resources.
B)   an underdeveloped infrastructure.
C)   too many competing airports.
D)   no international trade incentives.
E)   None of these choicesF) A) and E)
G) B) and E)

Question 5

Which of the following is NOT an example of an economic challenge faced by international managers?

Accepted Answer

A)   Government ownership of all property
B)   Unstable government
C)   Absence of power plants
D)   Lack of educational facilities
E)   Few natural resourcesF) B) and D)
G) A) and E)

Question 6

The management functions that constitute the framework for this book ____________________,____________________,____________________,and ____________________⎯are just as relevant to international managers as to domestic managers.

Accepted Answer

planning and decisio...

Question 7

Market systems are clusters of countries that engage in high levels of trade with one another.

Accepted Answer

A) True 
 B)False

Question 8

Match the following.You may use a response once,more than once,or not at all.
-Characterized by private ownership of property and allocation of resources by the law of supply and demand

Accepted Answer

A)  Market system
B)  Domestic business
C)  International business
D)  Market economy
E)  Multinational businessF) Global economyG) A) and C)
H) B) and D)

Question 9

Match the following.You may use a response once,more than once,or not at all.
-Characterized by clusters of countries that engage in high levels of trade with each other

Accepted Answer

A)  Market system
B)  Domestic business
C)  International business
D)  Market economy
E)  Multinational businessF) Global economyG) C) and D)
H) A) and D)

Question 10

The oil-exporting countries present mixed models of all of the following EXCEPT

Accepted Answer

A)   ​resource allocation.
B)   ​property ownership.
C)   ​infrastructure development.
D)   ​political stability.
E)   ​energy revenue.F) C) and D)
G) B) and C)

Question 11

Why is the European Union significant to the United States and the global economy?

Accepted Answer

The European Union is significant to the...

Question 12

Which of the following statements about tariffs is TRUE?

Accepted Answer

A)   Tariffs can be collected by the exporting country.
B)   Tariffs can be collected by the importing country.
C)   Tariffs are taxes collected on goods shipped across national borders.
D)   Import tariffs are the most common kind of tariff used.
E)   All of these choicesF) B) and E)
G) All of the above

Question 13

Match the following.You may use a response once,more than once,or not at all.
-Accept that it may take years to achieve a goal

Accepted Answer

A)  Social orientation
B)  Power orientation
C)  Uncertainty orientation
D)  Goal orientation
E)  Time orientationF) A) and B)
G) A) and E)

Question 14

Match the following.You may use a response once,more than once,or not at all.
-Cultural belief that one person comes first

Accepted Answer

A)  Passive goal behavior
B)  Individualism
C)  Power tolerance
D)  Short-term time orientation
E)  Uncertainty avoidanceF) None of the above
G) C) and E)

Question 15

Which of the following statements does NOT describe a characteristic of importing/exporting?

Accepted Answer

A)   Importing/exporting is an easy way to enter a market.
B)   There is very little risk involved with importing and exporting.
C)   The cost of importing/exporting may be high due to transportation costs.
D)   Due to government restrictions,not all products can be imported or exported.
E)   The costs of initiating an import/export strategy are high.F) D) and E)
G) A) and C)

Question 16

The cultural challenges of international management include

Accepted Answer

A)   natural resources.
B)   the infrastructure.
C)   government stability.
D)   language.
E)   All of these choicesF) B) and C)
G) D) and E)

Question 17

Match the following.You may use a response once,more than once,or not at all.
-People who prefer immediate rewards

Accepted Answer

A)  Passive goal behavior
B)  Individualism
C)  Power tolerance
D)  Short-term time orientation
E)  Uncertainty avoidanceF) B) and D)
G) B) and E)

Question 18

An advantage of ____________________ operations is that it is easier to enter markets with a small outlay of capital.

Accepted Answer

The answer of An advantage of ____________________ operations is that...

Question 19

The international economic environment has three elements.What are they?

Accepted Answer

The international economic environment e...

Question 20

Which of the following statements can be used to explain the growth of international business?

Accepted Answer

A)   Many countries in Europe and Asia were devastated after World War II and had to be rebuilt.
B)   The postwar population boom decreased demand for products.
C)   Changes in cultural traditions made the rest of the world open to all of the products made in the United States.
D)   Infrastructures in Europe and Asia remained sound in spite of World War II.
E)   All of these choicesF) A) and D)
G) B) and E)

Exam 5: Navigating the Global Environment

An advantage of ____________________ operations is that it is easier to enter markets with a small outlay of capital.

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Which of the following is NOT an example of an economic challenge faced by international managers?

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Market systems are clusters of countries that engage in high levels of trade with one another.

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Which of the following is NOT one of the environmental challenges that complicates international management?

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The international economic environment has three elements.What are they?

Correct AnswerAnswered by ExamLex AIThe international economic environment e...View AnswerShow Answer

Match the following.You may use a response once,more than once,or not at all. -People who prefer immediate rewards

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The management functions that constitute the framework for this book ____________________,____________________,____________________,and ____________________⎯are just as relevant to international managers as to domestic managers.

Correct Answerverifiedplanning and decisio...View AnswerShow Answer

Match the following.You may use a response once,more than once,or not at all. -Accept that it may take years to achieve a goal

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Match the following.You may use a response once,more than once,or not at all. -Cultural belief that one person comes first

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Match the following.You may use a response once,more than once,or not at all. -Characterized by private ownership of property and allocation of resources by the law of supply and demand

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Which of the following statements does NOT describe a characteristic of importing/exporting?

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Under which management function do differences between domestic and international production quality standards fall?

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Which of the following statements can be used to explain the growth of international business?

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Which of the following statements about tariffs is TRUE?

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Briefly describe Hofstede's five fundamental differences that can be used to characterize people in different cultures.

Correct AnswerAnswered by ExamLex AIHofstede's five fundamental differences ...View AnswerShow Answer

Why is the European Union significant to the United States and the global economy?

Correct AnswerAnswered by ExamLex AIThe European Union is significant to the...View AnswerShow Answer

The cultural challenges of international management include

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The oil-exporting countries present mixed models of all of the following EXCEPT

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As a manufacturing firm builds a plant in Bolivia,it also has to build an airstrip so that it can get the building supplies and the component parts it needs for operation to the Bolivian facility.The building of the airstrip was necessary because Bolivia has

Correct AnswerverifiedShow Answer

Match the following.You may use a response once,more than once,or not at all. -Characterized by clusters of countries that engage in high levels of trade with each other

Correct AnswerverifiedShow Answer

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The international economic environment e...
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The management functions that constitute the framework for this book ,,,and ⎯are just as relevant to international managers as to domestic managers.

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planning and decisio...
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Hofstede's five fundamental differences ...
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The European Union is significant to the...
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