Study Guides Chapters 1-5

Which of the following is characterized by networks of international linkages that bind countries, institutions, and people in an interdependent economy?

globalization

_______ results from the lessening of trade barriers and the increased flow of goods and services, capital, labor, and technology around the world.

Economic integration

________ is the chance that political forces may change a country's business environment in ways that lead investors to lose some or all of the value of their investment or be forced to accept a lower-than-projected rate of return.

Political risk

To which of the following free-trade agreements do Mexico, Canada and the United States all belong?

NAFTA

In addition to avoidance and adaptation, two other means of risk reduction available to managers are ________ and ________.

dependency; hedging

Which of the following concepts includes the expectation that MNCs should be concerned with the social and economic effects of their decisions?

international social responsibility

The Anti-Sweatshop Code of Conduct requires companies to provide a healthy and safe work environment and ________.

to pay the prevailing local minimum wage

Which of the following terms refers to an integration of the business environments in which firms currently operate, resulting from a dissolution of traditional boundaries and from increasing links among MNCs?

global corporate culture

Moral universalism is the need for a moral standard that is accepted by all ________.

cultures

One of the primary complaints about the Foreign Corrupt Practices Act is that the legislation ________.

puts U.S. firms at a competitive disadvantage

Which of the following terms refers to a country's use of tariff and nontariff barriers to partially or completely close its borders to various imported products that would compete with domestic products?

protectionism

________ consists of specific learned norms based on attitudes, values, and beliefs of a group of people.

Culture

Which of the following is a primary reason for failed expatriate assignments?

cross-cultural differences

An organization where employees typically wear casual clothes and interact casually is most likely to have a(n) ________ organizational culture.

informal

All of the following are value dimensions proposed by Hofstede EXCEPT ________.

assertiveness

Based on Hofstede's value dimensions, countries in which nationalism is less pronounced, protests are tolerated, and job mobility is common are high on ________.

uncertainty avoidance

6) The first step for an international manager toward cultural sensitivity should be to ________.

understand his or her own culture

________ describes the process of sharing meaning by transmitting messages through media such as words, behavior, or material artifacts.

Communication

Which of the following terms refers to any cultural variables that undermine the communication of intended meaning?

cultural noise

Which of the following will help an international business manager cultivate trust in cross-cultural communications?

socializing when possible and making friendly contacts with persons involved

A ________ culture is characterized by people standing close together and touching a great deal.

high-contact

Which of the following is a characteristic of a person in a monochronic culture?

adheres to plan commitments

Which of the following is a true statement about polychronic cultures?

Polychronic people focus on relationships rather than material systems.

Which of the following is most likely to be a reason for ineffective international business negotiations?

differences in cultural values and problem-solving techniques

Which of the following is one of the stages in the negotiation process?

preparation

3) For long-term positive relations, the goal of negotiation should most likely be to ________.

establish clear objectives of the parties involved

One of the primary purposes of relationship building during the negotiation process is to ________.

build mutual trust

In the American culture, which of the following is most likely to be considered a "dirty trick" during cross-cultural negotiations?

deliberately distorting facts

Which of the following cultures views formal contracts as insulting and wasteful, and prefers to make agreements based on mutual understanding and trust?

Japanese

Which of the following is characterized by networks of international linkages that bind countries, institutions, and people in an interdependent economy?

globalization

_______ results from the lessening of trade barriers and the increased flow of goods and services, capital, labor, and technology around the world.

Economic integration

________ is the chance that political forces may change a country's business environment in ways that lead investors to lose some or all of the value of their investment or be forced to accept a lower-than-projected rate of return.

Political risk

To which of the following free-trade agreements do Mexico, Canada and the United States all belong?

NAFTA

In addition to avoidance and adaptation, two other means of risk reduction available to managers are ________ and ________.

dependency; hedging

Which of the following concepts includes the expectation that MNCs should be concerned with the social and economic effects of their decisions?

international social responsibility

The Anti-Sweatshop Code of Conduct requires companies to provide a healthy and safe work environment and ________.

to pay the prevailing local minimum wage

Which of the following terms refers to an integration of the business environments in which firms currently operate, resulting from a dissolution of traditional boundaries and from increasing links among MNCs?

global corporate culture

Moral universalism is the need for a moral standard that is accepted by all ________.

cultures

One of the primary complaints about the Foreign Corrupt Practices Act is that the legislation ________.

puts U.S. firms at a competitive disadvantage

Which of the following terms refers to a country's use of tariff and nontariff barriers to partially or completely close its borders to various imported products that would compete with domestic products?

protectionism

________ consists of specific learned norms based on attitudes, values, and beliefs of a group of people.

Culture

Which of the following is a primary reason for failed expatriate assignments?

cross-cultural differences

An organization where employees typically wear casual clothes and interact casually is most likely to have a(n) ________ organizational culture.

informal

All of the following are value dimensions proposed by Hofstede EXCEPT ________.

assertiveness

Based on Hofstede's value dimensions, countries in which nationalism is less pronounced, protests are tolerated, and job mobility is common are high on ________.

uncertainty avoidance

6) The first step for an international manager toward cultural sensitivity should be to ________.

understand his or her own culture

________ describes the process of sharing meaning by transmitting messages through media such as words, behavior, or material artifacts.

Communication

Which of the following terms refers to any cultural variables that undermine the communication of intended meaning?

cultural noise

Which of the following will help an international business manager cultivate trust in cross-cultural communications?

socializing when possible and making friendly contacts with persons involved

A ________ culture is characterized by people standing close together and touching a great deal.

high-contact

Which of the following is a characteristic of a person in a monochronic culture?

adheres to plan commitments

Which of the following is a true statement about polychronic cultures?

Polychronic people focus on relationships rather than material systems.

Which of the following is most likely to be a reason for ineffective international business negotiations?

differences in cultural values and problem-solving techniques

Which of the following is one of the stages in the negotiation process?

preparation

3) For long-term positive relations, the goal of negotiation should most likely be to ________.

establish clear objectives of the parties involved

One of the primary purposes of relationship building during the negotiation process is to ________.

build mutual trust

In the American culture, which of the following is most likely to be considered a "dirty trick" during cross-cultural negotiations?

deliberately distorting facts

Which of the following cultures views formal contracts as insulting and wasteful, and prefers to make agreements based on mutual understanding and trust?

Japanese