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Q:
According to ancient Greeks, what fundamental government form represents rule by many?
A) aristocracy
B) dictatorship
C) democracy
D) monopoly
E) monarchy
Q:
Which government form can be most accurately described as rule by few?
A) aristocracy
B) dictatorship
C) democracy
D) monopoly
E) monarchy
Q:
The ancient Greeks conceived three fundamental forms of government. Which term refers to a government ruled by one?
A) aristocracy
B) monarchy
C) democracy
D) monopoly
E) oligarchy
Q:
Monarchy, like ________, is a form of government ruled by one.
A) aristocracy
B) dictatorship
C) democracy
D) monopoly
E) oligarchy
Q:
What is one of the main political causes of instability in international markets?
A) varied taxing conventions
B) differences in economic philosophies
C) global focus
D) environmental awareness
E) trade disputes
Q:
What is the top political issue concerning foreign businesses?
A) demographic profile of political leaders
B) government policies on infrastructure
C) economic awareness of political leaders
D) stability of prevailing government policies
E) membership of governments in trade treaties
Q:
For a multinational firm, the ideal political climate is a
A) country where international laws do not apply.
B) country where favors can be purchased easily.
C) country with a stable and friendly government.
D) government with absolute power.
E) government that radically shifts its philosophy.
Q:
Adherence to the WTO inevitably means
A) a definite increase in import tariffs worldwide.
B) the loss of national security to a large extent.
C) reduction in world trade of at least 70 percent.
D) the loss of some degree of national sovereignty.
E) complete stoppage of foreign direct investments.
Q:
In April 2009, the G20 nations agreed to cede some sovereignty and
A) include all G20 nations in the Security Council.
B) raise oil prices.
C) increase infrastructure funding.
D) reject protectionism.
E) increase aid to South Africa.
Q:
________ refers to both the powers exercised by a state in relation to other countries and the supreme powers exercised over its own members.
A) Sovereignty
B) Self-governance
C) Federalism
D) Autocracy
E) Nationalism
Q:
A sovereign state is one that
A) is obligated to be a member of the World Trade Organization.
B) has its political and economic systems determined by the United Nations Development Program.
C) enjoys full legal equality with other states.
D) has its territory governed by the United Nations.
E) is bounded by external control.
Q:
In the context of international law, a ________ governs its own territory and may enter into agreements with other nations.
A) bounded
B) sovereign
C) legal
D) liberal
E) neutral
Q:
The Agency for International Development underwrites trade and investments for U.S. firms.
Q:
The principal agency that supports U.S. business abroad is the Global Chamber of Commerce (GCC).
Q:
It is illegal for U.S. citizens to pay a bribe unless it is a common practice in the host country.
Q:
Planned domestication involves taking over an industry in a foreign country.
Q:
Licensing is not effective in situations where the technology is unique and the risk is high.
Q:
Relations between governments and MNCs are generally negative, particularly if the investment made by the MNCs increases exports or reduces imports.
Q:
It is common for a single company to directly control or alter the political environment of the country within which it operates.
Q:
Products that have or are perceived to have an effect on the environment are more likely to be politically sensitive.
Q:
As cultural and political scenarios vary so widely across nations, there is no way to generalize the tendency for a particular product to be politically sensitive.
Q:
Due to advancements in technology, it is relatively easy to determine whether a cyber attack has been launched by a rogue state, a terrorist, or a hacker as a prank.
Q:
International warfare is fast gaining popularity among nations.
Q:
Risk of violence does not tend to be a consideration in assessing the political vulnerability of a multinational company's activities.
Q:
Nongovernmental organizations can affect the policy decisions made by governments through lobbying.
Q:
Political and social activists generally have no impact on the normal flow of trade.
Q:
Political sanctions are usually an unsuccessful means of achieving the goal of forcing a country to accept the demands of the boycotting country.
Q:
Price controls are only targeted at nonessential products.
Q:
Many countries have domestication as a condition for investment.
Q:
Barring Latin America, the risks of confiscation and expropriation have decreased over the last two decades.
Q:
Through expropriation and nationalization, nationalized businesses have become more efficient, technologically strong, and competitive in world markets.
Q:
The ultimate goal of domestication is to require companies to produce more products to export than was the case before domestication.
Q:
The most severe political risk of global business is the government action of domestication.
Q:
Property may legally be seized by the government with or without compensation.
Q:
Nationalistic feelings in general bear no relation to the domestic economy.
Q:
Nationalism supports foreign business because it improves local economies.
Q:
Saudi Arabia began permitting women to vote in 2015.
Q:
Pressure from nationalist and self-interest groups affect the stability of a government.
Q:
Foreign businesses no longer need to be concerned about the stability or instability of prevailing government policies.
Q:
Adherence to the World Trade Organization (WTO) does not result in the loss of national sovereignty.
Q:
Sovereignty may be threatened by foreign investment.
Q:
Sovereignty is exclusive to the supreme powers exercised by a nation over its own members.
Q:
Compare an information-oriented culture like America with a relationship-oriented culture like Japan.
Q:
Discuss the difference between bribery and extortion and provide examples.
Q:
Why do U.S. multinational companies hesitate to offer women international assignments? Is this prejudice justified?
Q:
Discuss how the self-reference criteria plays a role when negotiating with a foreign entity.
Q:
Distinguish between the two time systems in the world, as defined by Edward T. Hall.
Q:
Discuss the three patterns of decision making that are typical in international business.
Q:
Describe the "master of destiny" and "independent enterprise" philosophies and their role in U.S. management.
Q:
Describe the three types of business customs that an international marketer must be aware of and provide examples of each.
Q:
Why is adaptation a necessary element when working with cultural differences? What are the basic criteria to deal with foreign firms?
Q:
A culture that is high context, has collectivism, has a high power distance, and uses polychronic time is
A) information-oriented.
B) relationship-oriented.
C) self-oriented.
D) power-oriented.
E) kinship-oriented.
Q:
A culture that is low context, individualistic, has a low power distance, and uses monochronic time is
A) information-oriented.
B) relationship-oriented.
C) hierarchy-oriented.
D) an authoritarian culture.
E) a dictatorial culture.
Q:
According to Lester Thurow, in the BritishAmerican "individualistic" kind of capitalism, relationships among government, management, and labor in business systems are
A) cooperative.
B) commensalistic.
C) synergistic.
D) adversarial.
E) conciliatory.
Q:
Many companies are now practicing strategic philanthropy which means that they
A) make efforts to minimize harmful waste emissions.
B) hire returning veterans.
C) use their expertise or products to sponsor projects in the community.
D) only work with foreign corporations that meet EPA standards.
E) promote products that are made with only natural ingredients.
Q:
Which ethical principle tries to optimize the "common good" or benefits of all constituencies?
A) secularism and philanthropy
B) rights of the parties
C) justice or fairness
D) utilitarian ethics
E) self-reference frame
Q:
Kim is the director of operations at her company and hires an agent to obtain a license to build a warehouse in an industrial district. The agent gets caught offering a bribe to a government official for issue of the license. Which of the following describes Kim's liabilities?
A) The manager is not liable since the use of an agent absolves her of any responsibility.
B) The manager is liable since the agent used part of her fees for bribery, although the manager was unaware of the agent's intentions.
C) The manager is not liable if the agent can prove that extortion, rather than bribery, took place.
D) The manager is liable if she was aware of the fact that part of the agent's fee will be used as a bribe.
E) The manager is liable only if the act of building the warehouse at the given location is illegal.
Q:
________ generally involves giving large sums of moneyfrequently not properly accounted fordesigned to entice an official to commit an illegal act on behalf of the one offering the bribe.
A) Agent charges
B) Lubrication
C) Extortion
D) Subornation
E) Ransom
Q:
The finance minister of a developing country demands a heavy payment for the approval of a multimillion dollar contract with a foreign company. This demand for the lump sum payment is called
A) extortion.
B) subornation.
C) lubrication.
D) larceny.
E) malfeasance.
Q:
________ involves a relatively small sum of cash, a gift, or a service that is intended to facilitate or expedite the normal, lawful performance of a duty by an official.
A) Extortion
B) Ransom
C) Lubrication
D) Shakedown
E) Exaction
Q:
________ occurs when payments are extracted under duress by someone in authority from a person seeking only what he or she is lawfully entitled to.
A) Extortion
B) Subordination
C) Lubrication
D) Perjury
E) Bribery
Q:
Which aspect of Japanese culture, predicted by many to favor bribery, makes Japan's success in reducing corruption more remarkable?
A) relationship-orientation
B) mechanistic inclination
C) patriarchal nature
D) information-orientation
E) task orientation
Q:
Academic studies of the causes and consequences of bribery, conducted by Transparency International (TI), indicate corruption is greater in
A) high income nations.
B) democratic rather than communist nations.
C) countries with high individualism.
D) countries with low Power Distance Index.
E) collectivistic nations.
Q:
Marcus is the director of a small company in Boston. He is trying to obtain parts from a manufacturer in Taiwan but that company is unwilling to send them because of government regulations limiting exports on small orders. Marcus calls the head of the manufacturing company and says he will pay him an extra $5,000 if he ships them anyway. What practice is Marcus using to obtain the parts?
A) extortion
B) slander
C) barter
D) libel
E) bribery
Q:
What is true of the findings of Transparency International's Corruption Perception Index (CPI)?
A) lower levels of bribery have been found in nations with a communist past.
B) higher levels of bribery have been found in low-power distance nations.
C) higher levels of bribery have been found in low-income nations.
D) lower levels of bribery have been found in collectivistic cultures.
E) lower levels of bribery have been found in poor nations.
Q:
Which organization conducts an international survey of businesspeople, political analysts, and the general public on corruption and compiles the Corruption Perception Index (CPI)?
A) Organization of American States (OAS).
B) Amnesty International.
C) Oxfam International.
D) Transparency International (TI).
E) CARE International.
Q:
Kenneth is a bank executive and when one of his customers offers him box seats to a Chicago Cubs game he knows he cannot accept them because it is not appropriate to do so. However, in some countries of the world this gift would be perfectly acceptable. This reflects a difference in
A) intellectual property laws.
B) grants-in-aid.
C) tariff restrictions.
D) business ethics.
E) ethnocentrism.
Q:
While most European countries are comparable to the United States in terms of the number of women in managerial positions, ________ stands out as the country that is drastically different with only 13 percent of management jobs held by women.
A) Italy
B) France
C) Germany
D) Britain
E) Switzerland
Q:
Which of the following best explains the low percentage of women chosen for international assignments in the United States?
A) The role of women as homemakers and caregivers does not allow for international assignments.
B) Men are generally more interested to take up international assignments than women.
C) Prejudice faced by American women executives in foreign, male-dominated societies is exaggerated.
D) There is a widespread belief that traditional roles of women in male-dominated societies preclude women from being successful in these societies.
E) Expenses involved in sending an unmarried women executive abroad are far higher than the expenses incurred in sending a married man with family.
Q:
When considering the role of time in business, which of the following is true of P-time and M-time?
A) The American desire to get down to business is a manifestation of a P-time culture as contrary to Japan's M-time approach.
B) The M-time system gives rise to looser time schedules, unlike P-time.
C) M-time is characterized by the simultaneous occurrence of many things, unlike P-time.
D) As global markets expand, more businesspeople from P-time cultures are adapting to M-time.
E) Contrary to P-time businesspeople, interruptions are routine for M-time businesspeople.
Q:
At Norton Manufacturing Corporation, it is believed that consumers want products that provide the best quality and have innovative features. Which marketing orientation does this company use?
A) direct orientation
B) product orientation
C) logistics orientation
D) production orientation
E) selling orientation
Q:
The marketing orientation at KB Komponents is based on the belief that consumers and businesses alike will not buy enough without some prodding on the part of the company. Which marketing orientation does this demonstrate?
A) distribution
B) buying
C) production
D) time
E) selling
Q:
When compared to people operating on P-time, people operating on M-time
A) follow looser time schedules.
B) are more deeply involved with individuals.
C) are not bound by deadlines and time schedules.
D) are more likely to blame external factors for their lateness.
E) tend to concentrate on one thing at a time.
Q:
People in Brazil describe themselves as late arrivers, allow greater flexibility in defining early and late, are less concerned about being late, and are more likely to blame external factors for their delay. Which system of time do the Brazilian people most likely operate on?
A) polychronic
B) monochromatic
C) monotheismic
D) monochronic
E) sequence
Q:
What is a characteristic of a polychronic time schedule?
A) looser standards of being on time
B) get straight to the point
C) more strict scheduling
D) concentrate on one thing at a time
E) promptness at all times
Q:
________ time is more dominant in high-context cultures and provides time for relationships to build.
A) Polychronic
B) Exponential
C) Polynomial
D) Monochronic
E) Sequence
Q:
A ________ time system typifies Western cultures like most North Americans, Swiss, Germans, and Scandinavians and causes them to concentrate on one thing at a time.
A) polychronic
B) bimodal
C) dual
D) monochronic
E) collectivistic
Q:
________ is probably the most common mistake of North Americans attempting to trade in the Middle East.
A) Accepting drinks when offered
B) Interacting informally
C) Acting hastily
D) Attempting to speak the local language
E) Dressing casually
Q:
France is higher on Hofstede's Power Distance Index (PDI) than the United States and formality is evident in French businesses. Which of the following American business practices would be most unacceptable to the French?
A) slipping in colloquial French words during business meetings
B) trying to emulate the French way of business thinking
C) showing enthusiasm at business negotiations
D) using first names in business encounters
E) exhibiting stubbornness while negotiating
Q:
It is estimated that 78 percent of today's website content is written in English, yet not every person in the world can read or understand English. What solution does the text suggest to make website content more universal?
A) using minimal to no language on websites instead of using graphics and diagrams to convey messages
B) using language translation software to translate communication in all languages
C) having country-specific websites so that everyone can communicate in their own language
D) using foreign language blocking software to screen international communications
E) training employees to virally communicate in all languages used by foreign customers