Question 1

The main motivation behind the creation of The European Union was:

Accepted Answer

Security Concerns

Question 2

Which of the following was not among the 6 founding members of European Union:

Accepted Answer

United Kingdom

Question 3

Which member country is most interested in renegotiating NAFTA energy trade agreements?

Accepted Answer

Canada

Question 4

Culture includes everything but:

Accepted Answer

None of the above. Religion, politics, higher education & universal values

Question 5

Culture plays a significant role in the disciplines of:

Accepted Answer

Leadership, accounting, finance, marketing, human resource and production.

Question 6

Culture include:

Accepted Answer

Aesthetics, religion, language and political structures

Question 7

Monochronic time is best illustrated by:

Accepted Answer

University scheduling patterns

Question 8

Achievement v. Ascripton:

Accepted Answer

Status based on what a person does v. who a person is

Question 9

Attitudes towards time - 2 aspects

Accepted Answer

1. Focus on past, present & future. 2. Actions sequential (linear) or synchronous (polychronic)

Question 10

Attitudes toward environment:

Accepted Answer

in harmony with nature or in control of nature

Question 11

Institutions are constructed to provide meaning and stability to social life, regulate the relations of individuals to each other, and limit behavior of individuals and firms.

Accepted Answer

True

Question 12

Formal institutions operate through laws and regulations. They require members to make a written commitment.

Accepted Answer

False

Question 13

Cognitive institutions are important to the international manager because these institutions help the manager understand the schema operating in their international environments and are easily missed or misunderstood by the nonnative so can easily lead to misunderstandings.

Accepted Answer

True

Question 14

Examples of informal, normative institutions would include local town/city governments and the U.S. government.

Accepted Answer

Fasle

Question 15

An example of an informal, cognitive institution would be the celebration of Halloween in the U.S.

Accepted Answer

True

Question 16

The following is an area in which the UN plays a significant role for international business: loaning seed money for entrepreneurial startups in developed nations.

Accepted Answer

False

Question 17

The UN General Assembly is the main staff organization responsible for the UN administration.

Accepted Answer

False

Question 18

The International Court of Justice (ICJ) handles all cases brought forward by any person or organization.

Accepted Answer

False

Question 19

An important assumption that the IMF makes is that a strong organization with rules and penalties for their violation is necessary to support trade.

Accepted Answer

False

Question 20

Recently, regional trade agreements have grown, a trend that may be seen to strengthen the World Trade Organization (WTO), according to the text.

Accepted Answer

False

Question 21

Economic cooperation often begins with a common market as in the case of the EU.

Accepted Answer

False

Question 22

In a customs union, common external tariffs are added to an existing FTA, as found in the Southern African Customs Union and Mercosur.

Accepted Answer

True

Question 23

Among trading blocs, the EU has the largest GDP per capita.

Accepted Answer

False

Question 24

Trading blocs always bring cost savings to international firms.

Accepted Answer

False

Question 25

ASEAN, whose initial goal was political, to foster peaceful relations among members, includes China as its core member.

Accepted Answer

False

Question 26

The EU is a supranational body that has become, essentially, a regional government.

Accepted Answer

True

Question 27

The EU is administered by the European Commission, a group composed of 27 commissioners, elected at the EU level.

Accepted Answer

False

Question 28

The EU has been unsuccessful at harmonizing customs and tax formalities within their borders.

Accepted Answer

False

Question 29

Although the EU can influence the practices of businesses located in non-EU member countries, Microsoft has been able to maintain business in the EU much as it conducts business in the U.S.

Accepted Answer

False

Question 30

All EU members use the euro, and thus have given up part of their national sovereignty to the EU.

Accepted Answer

False

Question 31

We are each born with a knowledge of our culture.

Accepted Answer

False

Question 32

International business managers need to be able to speak foreign languages.

Accepted Answer

False

Question 33

Anthropologist E. T. Hall suggests that you need to read a culture\'s history to learn it.

Accepted Answer

False

Question 34

When operating in other cultures, if we realize that, underneath it all, we are all different, we will be fine.

Accepted Answer

False

Question 35

Business makes few costly mistakes in product introductions into foreign markets.

Accepted Answer

False

Question 36

In Human Resources, the American employee protection laws (Equal Employment Opportunity Commission [EEOC]) are in force for an American company in foreign labor markets.

Accepted Answer

True

Question 37

Cultural attitudes toward change do not affect the acceptance of new production methods.

Accepted Answer

False

Question 38

Leadership traits build on the basic idea that all people want to be led and directed, regardless of the local culture.

Accepted Answer

False

Question 39

Although some business areas, such as accounting and finance, are quantitative, they are at the same time affected by culture.

Accepted Answer

True

Question 40

When we use cultural frameworks to build our understanding of another culture, we enter a values-free zone.

Accepted Answer

False

Question 41

In Hall\'s use, context is relevant in a communication act.

Accepted Answer

True

Question 42

In low context cultures, people tend to form long-lasting relationships that endure over time.

Accepted Answer

False

Question 43

Hofstede\'s individualism-collectivism dimension measures the degree to which economic activity is socialist (communal) or capitalist (independent).

Accepted Answer

False

Question 44

Hofstede\'s framework is based on empirical data.

Accepted Answer

True

Question 45

Feminine cultures in Hofstede\'s dimensions care about relationships and are also focused on business success. For them, it is quality of life, both work and private, that matters.

Accepted Answer

True

Question 46

Hofstede describes his pragmatic versus normative dimension as dealing with Virtue only when it is coupled with Truth.

Accepted Answer

False

Question 47

Trompenaars\'s dimension of universalism versus particularism measures whether universal rules or relationships regulate behaviors.

Accepted Answer

True

Question 48

Trompenaars\'s dimension of individualism versus communitarianism and Hofstede\'s individualism-collectivism dimension are similar.

Accepted Answer

True

Question 49

Trompenaars\'s achievement versus ascription dimension describes social status based on what one does or who one is. The United States is a culture in which people build who they are through work, so its social status tends to be based on achievement.

Accepted Answer

True

Question 50

A culture\'s aesthetics is the sense of beauty and good taste.

Accepted Answer

True

Question 51

Power Distance

Accepted Answer

Ming

Question 52

Individualism/ Collectivism

Accepted Answer

Ben

Question 53

Uncertainty Avoidance

Accepted Answer

Elena

Question 54

Masculinity/ Femininity

Accepted Answer

Jiro

Question 55

Pragmatism/Normative Behavior

Accepted Answer

Bill

Question 56

Aesthetics

Accepted Answer

Color of mourning & music and folklore

Question 57

Material Culture

Accepted Answer

Classical Theatre & Cooking

Question 58

Language Communication

Accepted Answer

Facial expressions & gestures

Question 59

Social Organizations

Accepted Answer

Family & Facebook

Question 60

eBay profits from sustainability efforts.

Accepted Answer

True

Question 61

Sustainability requires a totally new approach to business.

Accepted Answer

True

Question 62

Early business sustainability efforts focused on the internal aspects of conservation, such as resource use.

Accepted Answer

True

Question 63

Walmart discovered that it could not compete on price and build a sustainable business.

Accepted Answer

False

Question 64

Life cycle assessment (LCA) is a concept that addresses the environmental impact of a product throughout its lifetime.

Accepted Answer

True

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