Question 1

Dawn grew up helping her father work on cars in his auto repair shop and developed into an excellent auto technician.Because of stereotypes regarding women in this field,she is interested in finding a shop that minimizes gender discrimination and role inequalities.Dawn wants to work for a company that highly values gender egalitarianism.

Accepted Answer

The passage states that Dawn is interested in finding a shop that minimizes gender discrimination and role inequalities and values gender egalitarianism. Therefore, it is true that she wants to work for a company that highly values gender egalitarianism.

Question 2

Over the last two years,an American computer manufacturer has partnered with a technology organization in Japan to develop and produce computers and printers.The partnership benefits both organizations and is an example of countertrading.

Accepted Answer

Countertrading involves exchanging goods or services without using money, whereas the partnership described is a collaboration for development and production, not a barter-like exchange.

Question 3

Which of the following is NOT a good piece of advice for those who travel for business?

Accepted Answer

The advice about technology-based meetings being as effective as expensive and time-consuming business travel is not accurate. While videoconferencing can be a useful tool, it is important to recognize that face-to-face meetings are often necessary for building strong business relationships.

Question 4

Great systems of _____ are the hallmark of great civilizations.

Accepted Answer

The answer of Great systems of _____ are the hallmark...

Question 5

Two managers from an Electronics Mart were talking to Ty,their district manager,about Harriet,the unpopular store manager.Susan,the assistant manager,said,"I believe I speak for other managers and employees when I say that Harriet acts like she knows it all.We all feel that Harriet does not listen to any of us because she always thinks her way is right and does not want to consider any other opinion." Harriet is an example of a geocentric or parochial manager.

Accepted Answer

Harriet is an example of an ethnocentric manager, as she believes her way is the only right way and does not consider other opinions, which is not characteristic of a geocentric or parochial manager.

Question 6

The "most favored nation" trading status describes a condition in which a country grants other countries favorable trading treatment,such as the reduction of import duties.

Accepted Answer

This statement correctly describes the meaning of "most favored nation" trading status.

Question 7

Globalization is the trend

Accepted Answer

Globalization involves the increasing interconnectedness and interdependence of economies, cultures, and societies around the world. As a result, the world economy is becoming more interdependent as countries rely on each other for trade, investment, and other economic activities.

Question 8

Greg,a manager at the Rome,Italy,store of an American-owned clothing company,understands the differences and similarities between American and Italian customers,customs,culture,and practices.As a result,Greg uses his understanding of Italian culture,tastes,and business practices to help him market his products to Italian customers in Rome-and he uses his understanding of American culture to sell his products to American tourists who are visiting Rome.Greg is an example of a geocentric manager.

Accepted Answer

Greg's ability to understand and adapt to both Italian and American customers, cultures, and practices demonstrates a geocentric management approach, which acknowledges and values the differences and similarities among different countries and regions.

Question 9

There are two types of tariffs: a revenue tariff,designed simply to raise money for the government;and a protective tariff,which raises the price of imported goods to make the prices of domestic products more competitive.

Accepted Answer

This statement correctly defines the two types of tariffs, distinguishing between a revenue tariff and a protective tariff.

Question 10

Joe,who is from Michigan,is transferring to the Paris office.As one who has studied the effects of globalization on business,Joe understands that it crucial to

Accepted Answer

Understanding the local culture is crucial when working internationally to ensure effective communication and avoid misunderstandings. Learning to speak French may be helpful, but it is not essential for conducting business in Paris. Working primarily through Skype or other apps may not be feasible in all situations, and managing Parisian employees exactly as he would manage U.S. employees may not take into account cultural differences in work styles and expectations. Being concerned with philanthropy is a personal choice and not directly related to the challenges of conducting business in a different cultural setting.

Question 11

Last week Paul,CEO of Quality Furniture in South Carolina,traveled to Europe to visit customers.While overseas,Paul checked his e-mail daily and showed his company's website to customers,explaining how the website will help them place orders and receive merchandise more quickly.After visiting the last customer Friday morning,Paul was able to return to the corporate office in South Carolina to meet with his board of directors that night._______ is the "shrinking" of time and space with air travel and electronic media.

Accepted Answer

The concept of the global village describes how advancements in air travel and electronic media have made it possible for people and businesses to be connected and communicate instantaneously across great distances, effectively shrinking the perceived size of the world. This is the best match for the scenario described in the passage.

Question 12

While in Italy,Tony was able to communicate important information to George,his business partner,via e-mail.Later that day,Tony remarked to George about how helpful it was that he was able to return to their office in New York in less than nine hours.The "global village" refers to this "shrinking" of time and space as air travel and the electronic media have made it easier for people around the globe to communicate with one another.

Accepted Answer

The passage states that Tony was able to communicate with George via e-mail while in Italy and later remarked about how quickly he was able to return to their office in New York. This demonstrates the idea of the "global village," which refers to the way in which technology has made communication and transportation faster and more efficient, shrinking the perceived distance between people around the world.

Question 13

Philippe is from the Mediterranean coast of Greece and Sasha is from Iran.In their grocery store,this married couple is accustomed to focusing on one task at a time rather than multitasking.Philippe and Sasha work on a system of polychronic time.

Accepted Answer

Philippe and Sasha work on a system of monochronic time, where they focus on one task at a time rather than multitasking. Polychronic time is a system where people are comfortable working on multiple tasks simultaneously.

Question 14

Before you travel and conduct business abroad,spend some time learning about the way business is conducted in foreign countries.For example,in Asia and the Middle East,personal relationships are crucial to getting things done,so you should plan to engage in small talk and to avoid business talk during after-hours outings.

Accepted Answer

It is important to learn about cultural norms and etiquette in foreign countries, and in some cultures, like in Asia and the Middle East, building personal relationships is important for conducting business. This may involve engaging in small talk and avoiding business discussions during non-business social outings.

Question 15

In 1999,the top exporting nation was the United States,but in 2015 the world's top exporting nation was China.

Accepted Answer

The answer of In 1999,the top exporting nation was the...

Question 16

A greenfield venture is a strategic alliance with individuals and organizations in developing nations;the venture's goals are to assist,educate,and share the risks and rewards of starting a new nonprofit organization in the developing country.

Accepted Answer

A greenfield venture is actually a type of foreign direct investment where a company builds a new facility in a country where it did not previously have any operations. It is not related to nonprofit organizations or developing nations as described in the statement.

Question 17

NAFTA is a trading bloc consisting of the United States,Canada,Panama,and Mexico.

Accepted Answer

Formed in 1994, the North American Free Trade Agreement (NAFTA) is a trading bloc consisting of the United States, Canada, and Mexico.

Question 18

After a morning of global cultural training,Marie,the vice president of marketing,is having lunch with Ann,who will be managing the company's new office in South Korea.Marie tells Ann,"There are cultural differences between the United States and South Korea that will affect the success of our office.For example,I suggest giving a couple of cans of Spam to your larger customers,because Spam is considered elegant in South Korea." Marie's advice to Ann is good because it takes into account the many kinds of cultural differences between the United States and other countries.

Accepted Answer

Spam is indeed considered a popular and appreciated gift in South Korea, especially during holidays and special occasions, reflecting cultural differences in gift-giving practices between the United States and South Korea.

Question 19

Susan,a teacher,is interested in helping children in other countries learn how to read.She has formed an international nonprofit organization,Read to the World,whose employees travel to Africa to donate books and work in schools as tutors.Read to the World is an example of a multinational corporation.

Accepted Answer

Read to the World is an international nonprofit organization, not a multinational corporation.

Question 20

Sally has seen such great interest in her scented candles that she has decided to start her own small business selling them.Sally's company can use the Internet and the World Wide Web to operate globally,helping her get a global business started more easily because she can put products on a website and sell worldwide.So,in a sense,the Internet wipes out the former advantages of distribution and scope that large companies used to have.

Accepted Answer

The use of the Internet and the World Wide Web allows Sally's small business to operate globally and sell products to customers worldwide, which reduces the former advantages of distribution and scope that were previously only available to large companies.

Quiz 4: Global Management: Managing Across Borders