Question 1

People in cultures with ____________________ are stimulated by change and thrive on new opportunities.

Accepted Answer

uncertaint...

Question 2

A disadvantage of importing/exporting is

Accepted Answer

A)  inflexibility.
B)  competition.
C)  shared ownership.
D)  complexity.
E)  government restriction.F) A) and B)
G) B) and E)

Question 3

Only two of the worlds ten largest banks are headquartered in the United States.

Accepted Answer

A) True 
 B)False

Question 4

Which of the following countries does NOT have a mature market economy?

Accepted Answer

A)  Germany
B)  Korea
C)  Sweden
D)  Iran
E)  SpainF) A) and E)
G) B) and D)

Question 5

There are ____________________ member countries in the European Union.

Accepted Answer

The answer of There are ____________________ member countries in the...

Question 6

Which of the following countries is NOT a member of the European Union (EU) ?

Accepted Answer

A)  Belgium
B)  Luxembourg
C)  Italy
D)  Ireland
E)  UkraineF) B) and D)
G) None of the above

Question 7

A manager concerned with time zone differences is worried about

Accepted Answer

A)  planning.
B)  organizing.
C)  decision making.
D)  leading.
E)  controlling.F) None of the above
G) D) and E)

Question 8

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

Accepted Answer

A) True 
 B)False

Question 9

Importing involves merchandise but not services.

Accepted Answer

A) True 
 B)False

Question 10

We can identify four distinct levels of international activity that differentiate organizations.

Accepted Answer

A) True 
 B)False

Question 11

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

Accepted Answer

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

Question 12

What are the goals of the WTO? Do you agree with them?

Accepted Answer

The goals of the World Trade Organizatio...

Question 13

____ is an example of a high-potential/high-growth economy.

Accepted Answer

A)  Syria
B)  The Philippines
C)  South Korea
D)  China
E)  KuwaitF) A) and E)
G) A) and D)

Question 14

Which of the following countries is NOT part of Pacific Asia?

Accepted Answer

A)  China
B)  The Philippines
C)  India
D)  South Korea
E)  AustraliaF) A) and B)
G) B) and C)

Question 15

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) None of the above
G) A) and C)

Question 16

Describe aspects of the U.S.cultural environment that foreign managers would find challenging.

Accepted Answer

Foreign managers entering the U.S. cultu...

Question 17

International licensing agreements involve regulations for truckers transporting products between countries.

Accepted Answer

A) True 
 B)False

Question 18

Boeing sells planes to commercial airlines around the world.It has suppliers around the world too.The defense side of Boeing sells primarily to the federal government.It is a(n) ____ business.

Accepted Answer

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

Question 19

Germany is a mature market economy.One major problem GE expected to face when it began operating in Germany was

Accepted Answer

A)  cultural barriers.
B)  fluctuations in political relations.
C)  taking market share from established firms.
D)  government regulation of trade.
E)  an underdeveloped infrastructure.F) A) and D)
G) A) and C)

Question 20

Geert Hofstede identified all of the following fundamental differences that can be used to characterize people in different cultures EXCEPT

Accepted Answer

A)  power orientation.
B)  global orientation.
C)  social orientation.
D)  time orientation.
E)  uncertainty orientation.F) D) and E)
G) A) and C)

Exam 5: The Global Environment

There are ____________________ member countries in the European Union.

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We can identify four distinct levels of international activity that differentiate organizations.

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Only two of the worlds ten largest banks are headquartered in the United States.

Correct AnswerverifiedShow Answer

A manager concerned with time zone differences is worried about

Correct AnswerverifiedShow Answer

____ is an example of a high-potential/high-growth economy.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Importing involves merchandise but not services.

Correct AnswerverifiedShow Answer

Which of the following statements about tariffs is TRUE?

Correct AnswerverifiedShow Answer

International licensing agreements involve regulations for truckers transporting products between countries.

Correct AnswerverifiedShow Answer

Describe aspects of the U.S.cultural environment that foreign managers would find challenging.

Correct AnswerAnswered by ExamLex AIForeign managers entering the U.S. cultu...View AnswerShow Answer

Germany is a mature market economy.One major problem GE expected to face when it began operating in Germany was

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Which of the following countries does NOT have a mature market economy?

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What are the goals of the WTO? Do you agree with them?

Correct AnswerAnswered by ExamLex AIThe goals of the World Trade Organizatio...View AnswerShow Answer

Which of the following countries is NOT a member of the European Union (EU) ?

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Boeing sells planes to commercial airlines around the world.It has suppliers around the world too.The defense side of Boeing sells primarily to the federal government.It is a(n) ____ business.

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

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A disadvantage of importing/exporting is

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People in cultures with ____________________ are stimulated by change and thrive on new opportunities.

Correct Answerverifieduncertaint...View AnswerShow Answer

Geert Hofstede identified all of the following fundamental differences that can be used to characterize people in different cultures EXCEPT

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Which of the following countries is NOT part of Pacific Asia?

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Foreign managers entering the U.S. cultu...
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The goals of the World Trade Organizatio...
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uncertaint...
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