Management Study Set 32

Business

Quiz 5 :

Managing in a Global Environment

Quiz 5 :

Managing in a Global Environment

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Business has become a unified,global field as trade barriers fall,communication becomes faster and cheaper and consumer tastes converge.
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True False
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True

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The term top of the pyramid refers to the more than four billion people who earn the least,as defined by per capita income.
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True False
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False

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The criterion traditionally used to classify countries as developed or developing is per capita income.
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True False
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True

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The global stage of corporate international development is also referred to as the stateless stage.
True False
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An example of global outsourcing is seen when Gap,Inc uses low-cost Caribbean labour to cheaply produce its clothing,and then finishes off and sells its clothing in the United States.
True False
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Large international firms typically are called multinational corporations.
True False
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The least costly and least risky direct investment is called a greenfield venture.
True False
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Direct investing means that the company is involved in managing the productive assets,which distinguishes it from other entry strategies that permit less managerial control.
True False
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Fifteen member states of the EU have adopted the rupee,as a single European currency.
True False
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When Harbour Trades,a Korean-based company,makes resources including technology,managerial skills and patent and trademark rights available to Nano Technologies,a Russian company thereby allowing Nano to make products similar to CBA,it is engaging in a countertrade agreement.
True False
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Licensing means engaging in the international division of labour so that work activities can be done in countries with the cheapest sources of labor and supplies.
True False
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A form of direct investment is franchising.
True False
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The sub-divisions of the international environment are the economic,the sociocultural and the legal-political environments.
True False
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Seeking cheaper sources of materials or labour offshore is called offshoring.
True False
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The goal of the European Union is to create a powerful single market system for Europe's millions of consumers.
True False
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A tendency to regard their own culture as superior and to downgrade other cultures reflects an attitude called geocentric.
True False
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The basic management functions of planning,organizing,leading and controlling are the same whether a company operates domestically or internationally.
True False
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When a company builds a subsidiary from scratch in a foreign country it is called a greenfield venture.
True False
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One advantage to acquiring a wholly owned foreign affiliate is that the company that acquires it would then have complete control.
True False
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With exporting,the corporation transfers its products for sale and its production facilities in foreign countries.
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