The Foreign Corrupt Practices Act makes it
a. Illegal for US companies to bribe government officials in foreign countries to get business contracts
b. Ok for companies to pay facilitating or expediting payments to move business performance through
c. A do
d. All of the above
The three main types of legal systems or legal traditions in the world are
a. Domestic, property rights, and international
b. Historical, collectivist, and individual
c. common law, civil law, and theocratic law
d. None of the above
c. common law, civil law, and theocratic law
The evolution, or first step, of a global firm typically starts with _____________.
a. Importing goods or services
b. Exporting goods or services
c. Bringing multi-national managers on board
d. hiring local workers
b. Exporting goods or services
An extreme command economy is generally based on what type of political system?
a. Communism
b. Socialism
c. Confucianism
d. Democracy
a. Communism
If a member of your family is injured or killed by a defective product, _________ holds the firm and its officers responsible.
a. product safety law
b. product liability
c. patent law
d. intellectual property law
b. product liability
The merging of historically distinct and separate national markets into one global market is the
a. Globalization of markets
b. Globalization of production
c. Globalization of policies
d. Globalization of environmental justice
a. Globalization of markets
Economic efficiency can be stimulated in a country by a government through deregulation and __________.
a. Privatization
b. Decentralization
c. Legislation
d. Devaluation
b
not d
The ethics theory that is committed to the maximization of good and minimization of harm when looking at the consequences of business actions or practices is
a. Utilitarian ethics
b. Kantian ethics
c. Right theories
d. Justice theories
a. Utilitarian ethics
Technological changes is a driver of globalization, because of
a. Microprocessor and telecommunications
b. the Internet and the World Wide Web
c. Transportation technology
d. All of the above
c
When managers believe their home country, culture, language, customs, and way of conducting business are the best in all cases, they are
a. Geocentric
b. Polycentric
c. Ethnocentric
d. None of the above
c. Ethnocentric
Determining overall country attractiveness in deciding where to do business outside your own country can be determined by looking at
a. Purchasing power parity
b. Identification of legal risks
c. Analysis of benefits, costs, and risks
d. None of the above
c. Analysis of benefits, costs, and risks
The use of space when a global manager is interpersonally communicating with others is
a. Nonverbal behavior
b. Verbal behavior
c. High context Communication
d. Architectural
Not B or C
Privatization transfers the ownership of state property into the hands of
a. Regulators
b. Private citizens
c. The government
d. None of the above
b. Private citizens
Cultural differences may include which of the following?
a. Different meaning of colors
b. Nonverbal signs, such as hand gestures
c. languages spoken
d. All of the above
d. All of the above
Islamic law used to govern an entire country and to cover commercial business activities is an example of what type of law?
a. Civil
b. Common
c. Tribal
d. Theocratic
d. Theocratic
Hofstede's concept of the extent to which members of a culture feel comfortable or uncomfortable in unstructured situations is called
a. Time orientation
b. Power distance
c. Masculinity
d. Uncertainty avoidance
d. Uncertainty avoidance
The religious/ethical system that makes loyalty to one's superior a sacred duty and which lowers conflicts between management and labor is
a. Christianity
b. Islam
c. Hinduism
d. Confucianism
d. Confucianism
Work environments where superiors and subordinates have interactive, consultative styles with each other suggest that
a. Power distance is low
b. Power distance is high
c. Uncertainty avoidance
d. Fatalism
a. Power distance is low
The Enron Corporation where the top level management was imprisoned and found guilty of criminal offenses which deceived stockholders of company profits is a clear example of which type of unethical behavior?
a. unrealistic performance goals
b. unethical
b
When companies believe that their own ethnic group or culture is superior to others, the environment is faced with
a. Culture disadvantage behavior
b. Geocentric behavior
c. Polycentric behavior
d. Ethnocentric behavior
d. Ethnocentric behavior
Offering payments to government officials to facilitate international business arrangements is legal according to
a. OECD
b. OPIC
c. Foreign Corrupt Practices Act
d. EPA
c. Foreign Corrupt Practices Act
A society where the "common good" or the "good of society" as a whole is most important is based on
a. individualism
b. productionism
c. collectivism
d. democracy
c. collectivism
A free market is generally dependent on what type of political system?
a. theocratic
b. fascist
c. democratic
d. totalitarian
c. democratic
American businesses that get into a "free" Cuba, sometime in the future, to set up international business before other companies of their same type will have
a. late-mover advantages
b. first-mover advantages
c. intellectual property rights
d. lower costs
b. first-mover advantages
The largest contributors to economic growth and progress are
a. innovation and entrepreneurial activity
b. high profits and the Protestant work ethic
c. geography and education
d. democracy and genetics
a. innovation and entrepreneurial activity
Viewing people with respect and dignity is a ______ philosophical approach.
a. Utilitarian ethics
b. Kantian ethics
c. Right theories
d. Justice theories
b. Kantian ethics
Having the ability to walk away from a business deal that is very profitable but unethical is displaying
a. moral courage
b. response to an ethics officer
c. an ethical dilemma
d. high nepotism
a. moral courage
A way to make sure that ethical issues are considered by managers in international business decisions is to ...
a. hire and promote people with well-grounded personal ethics
b. make sure that company leadership acts in an ethical and moral manner
c. build
d. all of the above
Sometimes the path to higher levels of the organization are blocked because of an individual's caste in society. Even though this system is no longer used, it is still sometimes practiced in a covert way. This is an economic example from a society practic
c. Hinduism
Hofstede's masculine/ feminine factor demonstrates that "masculine" societies define the gender roles as being
a. ambiguous and interchangeable
b. the same
c. distinctly different, aggressive versus passive/submissive
d. none of the above
c. distinctly different, aggressive versus passive/submissive.
_________________ is knowing the difference between good and bad and right and wrong.
a. the legal system
b. the economic system
c. bribing customs officials
d. ethics
d. ethics
The CPI assesses a country's
integrity performance
Which of the following is NOT a reason why managing an international business differs from the way one would manage a domestic business?
The range of problems and their complexity are greater in international business
Terrorism and its impact on the business world is a result of
clash between value systems and ideology