Question 1

________ is a cultural measure of the degree to which people tolerate risk and unconventional behaviour.

Accepted Answer

Uncertainty avoidance is a cultural measure of the degree to which people tolerate risk and unconventional behavior. It refers to the extent to which people feel threatened by and try to avoid uncertain and ambiguous situations. Cultures with high uncertainty avoidance tend to have strict rules, laws, and rituals to reduce the amount of uncertainty in their daily lives, whereas cultures with low uncertainty avoidance are more open to change and risk-taking. Power distance refers to the extent to which people accept unequal distribution of power, collectivism refers to the degree to which individuals prioritize their group's goals over their own, and assertiveness refers to the degree to which individuals are assertive, confrontational, and dominant in social situations.

Question 2

Canada's economy is best described as ________.

Accepted Answer

Canada's economy is classified as a market economy with some government control. This means that the government allows for private individuals and businesses to make most economic decisions, but still has the ability to regulate certain aspects of the economy through laws and policies. For example, the government sets minimum wage rates and controls certain industries such as healthcare and telecommunications.

Question 3

________ is a national culture attribute describing the extent to which societal values are characterized by assertiveness and materialism.

Accepted Answer

Achievement orientation refers to the degree to which a society values assertiveness, materialism, and the acquisition of money and goods as symbols of success. This attribute can be seen in cultures with a strong emphasis on individualism and competition, such as the United States and Japan.

Question 4

In a short essay,describe the different approaches that a company may use when it decides to go international.Provide specific examples for each.

Accepted Answer

The answer of In a short essay,describe the different approaches...

Question 5

The primary reason it is difficult to gather information about a country's cultural differences is because ________.

Accepted Answer

Natives may find it challenging to articulate the unique characteristics of their own culture because these traits are often deeply ingrained and taken for granted, making them difficult to express or explain to outsiders.

Question 6

Strategic alliances are partnerships between a domestic and a foreign company in which both share resources and knowledge in developing new products or building production facilities.

Accepted Answer

This is the correct definition of strategic alliances. It involves collaboration between two companies from different countries in order to achieve their business goals through sharing resources, technology, and knowledge.

Question 7

A country that is assertive,believes in acquiring money and goods,and is competitive in nature is said to ________.

Accepted Answer

A country that is assertive, believes in acquiring money and goods, and is competitive in nature has a cultural trait of achievement orientation. This trait emphasizes the importance of personal success, efficiency, and performance.

Question 8

In a short essay,explain the differences among a multidomestic corporation,a global company,and a borderless organization.Include examples of companies for each of the types of organizations discussed.

Accepted Answer

The answer of In a short essay,explain the differences among...

Question 9

A country with ________ is comfortable with risks and is tolerant toward different behaviour and opinions.

Accepted Answer

Uncertainty avoidance refers to a society's level of discomfort with uncertainty and ambiguity. Countries with low uncertainty avoidance tend to be comfortable with taking risks, which often go hand in hand with tolerance for different behavior and opinions.

Question 10

The cultural dimension of ________ measures the degree to which a society relies on social norms and procedures to alleviate the unpredictability of future events.

Accepted Answer

The dimension of uncertainty avoidance measures a society's comfort level with ambiguity and the unknown. A high score on this dimension indicates that a society relies on rules, laws, and regulations to reduce uncertainty, while a low score indicates a more relaxed attitude towards ambiguity and a greater willingness to take risks. Therefore, the degree to which a society relies on social norms and procedures to alleviate the unpredictability of future events is best captured by uncertainty avoidance.

Question 11

From a cultural standpoint,research indicates that ________ has a greater effect on employees than ________.

Accepted Answer

Research suggests that national culture has a greater impact on employees than organizational culture. National culture refers to the shared values, beliefs, customs, and practices of a particular country or region, while organizational culture refers to the shared values, beliefs, behaviors, and practices of a particular organization. National culture can influence how employees perceive and respond to various aspects of work life, such as communication, leadership, teamwork, and conflict resolution. Organizational culture can also have an impact on these factors, but its effects may be limited to the specific organization and its employees, whereas national culture can have a broader and more pervasive influence. Moreover, national culture can also shape employees' attitudes and expectations towards work, their job satisfaction, and their overall well-being. Therefore, organizations that operate in different national cultures should take into account these cultural differences in order to create a more inclusive and effective workplace.

Question 12

Three economic issues that a global manager might need to understand include ________.

Accepted Answer

A global manager needs to understand currency exchange rates, inflation rates, and tax policies as they directly impact international business operations and financial decisions.

Question 13

Licensing is primarily used by service organizations and franchising is primarily used by manufacturing organizations.

Accepted Answer

Licensing can also be used by manufacturing organizations, and franchising can also be used by service organizations. The choice between licensing and franchising depends on various factors such as the type of business, goals, and resources of the organization.

Question 14

________ is a national culture attribute that reflects the emphasis placed upon relationships and concern for others.

Accepted Answer

Nurturing is a national culture attribute that reflects the emphasis placed upon relationships and concern for others. This term is used to describe cultures that value kindness, empathy, and warmth in human relationships. Cultures that emphasize nurturing tend to prioritize social harmony and cooperation over individual achievement or competition.

Question 15

In a short essay,explain the origins,roles and goals of the World Trade Organization (WTO),the International Monetary Fund (IMF),and the World Bank Group in global business.Provide specific examples for each organization's involvement.

Accepted Answer

The answer of In a short essay,explain the origins,roles and...

Question 16

________ is a measure of the degree to which people rely on social norms and procedures to alleviate the unpredictability of future events.

Accepted Answer

Uncertainty avoidance refers to the extent to which individuals or groups are willing to tolerate ambiguity or uncertainty. It is a measure of the degree to which people rely on social norms, rules, and procedures to alleviate the unpredictability of future events. This cultural dimension is particularly relevant in decision-making processes, risk-taking, and innovation. High uncertainty avoidance cultures, such as Japan and Germany, tend to have strict rules, elaborate bureaucracies, and a preference for stability and predictability, while low uncertainty avoidance cultures, such as the USA and Denmark, tend to be more flexible, open to change, and tolerant of risk-taking.

Question 17

Which of the following would you find in a country with a large power distance?

Accepted Answer

In a country with a large power distance, titles, rank, and status are viewed as important. This means that individuals in positions of authority are given high levels of respect and deference, while those in lower positions are expected to show deference and obedience to those in higher positions. This can lead to a hierarchical and stratified society where social mobility is limited.

Question 18

People in societies with ________ tend to be more comfortable with risks and more tolerant of different opinions.

Accepted Answer

Societies with low uncertainty avoidance tend to be more comfortable with risks and less rigid in their beliefs, leading to greater tolerance for different opinions.

Question 19

People in societies that are high in ________ tend to look after their own interests and those of their immediate family.

Accepted Answer

People in societies that are high in individualism tend to prioritize their own interests and those of their immediate family over the interests of the larger community or society. They generally value independence, personal achievement, and individual rights and freedoms. In contrast, societies that are high in collectivism tend to emphasize the importance of group harmony and interdependence over individual needs and wants. Achievement and uncertainty avoidance are not directly related to this behavior.

Question 20

Licensing and franchising are similar approaches involving one organization giving another organization the right to use its brand name,technology,or product specifications in return for a lump sum payment or a fee usually based on sales.

Accepted Answer

Licensing and franchising both involve one organization allowing another organization to use its intellectual property in exchange for a payment or fee.

Quiz 4: Managing in a Global Environment