Principles of Management Quiz 3

Globalization

The extent to which trade and investments, information, social and cultural ideas, and political cooperation flow between countries is called:

Bottom of the Pyramid Strategy

The Digitec company has recently decided to design and manufacture a laptop that retails for under $50, in an effort to make information technology available to people in places like rural Africa and rural India. This is known as what type of strategy?

Geocentric Companies

_____ place an emphasis on a worldwide perspective

Outsourcing

The Maquiladora industry along the Texas-Mexico border on the Mexico side uses cheap labor for assembling products. This lowers the price for U.S. consumers and is an example of:

Greenfield Venture

Go RVing, a U.S. company, built a subsidiary from scratch in England. This is an example of:

China and India

As a first step into international business, which two countries are most companies going to today?

International Management

The management of business operations conducted in more than one country is called:

Socio-Cultural Dimension

Language, values, religion, and education all describe which dimension in the international environment?

Resource Market

Your grocery store in India is having trouble getting the local farmers to supply you with the proper produce. This is a problem with India's:

Political Risk

A foreign terrorist kidnaps your firm's marketing VP while the VP is in the host country. This is a harsh example of:

Political Instability

A.R.C. is a large non-profit humanitarian aid organization that has been forced to pull out of several African markets in recent years due to civil wars and large-scale violence. This demonstrates which frequently cited problem for international companies

Low Uncertainty Avoidance

Jana has a high tolerance for the unstructured, the unclear, and the unpredictable. She can best be described as having:

Masculinity

Austria's cultural preference is for achievement, heroism, assertiveness, and material success. This would be considered:

Masculinity

All of the following are cultural dimensions as defined by the GLOBE Project, except:

Spain

Which of the following countries possesses a high degree of assertiveness?

23

How many nations signed on for negotiation when GATT was created in 1947?

High-Context

Kim, a Japanese expatriate working in Denmark, tends to use communication primarily to build personal social relationships. She feels that relationships and trust are more important than business. Kim is surprised that her business associates in Denmark d

WTO

Which of the following has a goal to guide the nations of the world toward free trade and open markets?

NAFTA

Which organization originated and supports the idea of small businesses operating on a global level?

Taxes and Tarriffs

The legal-political environment includes: