question

Early outsourcing efforts were primarily confined to:

answer

A. manufacturing activities B. accounting services. C. testing services. D. educational activities. E. consulting services.

question

Which of the following reasons contributed to the Great Depression of the 1930s?

answer

Countries progressively raising trade barriers against each other

question

Ryan is the executive general manager of a U.S. multinational and Veronica is a manager in a similar position, but works for another U.S. company that operates only in its home country. In this context, which of the following business functions will be most typically exclusive to Ryan?

answer

Choosing an appropriate mode for entering a particular foreign country

question

Which of the following has been declining in the developing nations of the world such as China, India, Russia, Indonesia, Thailand, South Korea, Mexico, and Brazil?

answer

Barriers to the free flow of goods, services, and capital

question

The advent of containerization has:

answer

significantly lowered the costs of shipping goods over long distances.

question

"Exporting jobs" to low-wage nations has contributed to:

answer

higher unemployment in wealthy advanced economies such as the United States.

question

Which of the following services CANNOT be outsourced to foreign nations?

answer

Delivering closing arguments for a lawsuit

question

Globalization critics argue that the decline in unskilled wage rates in advanced economies is due to the:

answer

migration of low-wage manufacturing jobs offshore.

question

After the collapse of communism in Dehran, successful business owners often had to pay "protection money" to the mafia or face violent retribution. In the context of property rights, the behavior of the mafia is an example of:

answer

private action.

question

Which of the following is inconsistent with Marxist philosophy?

answer

Selling state-owned enterprises to private investors

question

The Boldovian government took Sea Lion Inc., a domestic, private shipbuilding firm, into state ownership to save the company from bankruptcy. However, the other private competitors in the shipbuilding industry were enraged by this decision of the government. As a result, the government had to reduce the tax burden on all other private shipbuilding firms so that both the state-owned enterprise and private firms could co-exist. According to this information, Boldovia has most likely adopted what type of economy?

answer

Mixed

question

When firms do not wish to accept the rules of the CIGS, what do they often opt for to settle contract disputes?

answer

Arbitration

question

In what type of economy are certain sectors of the economy left to private ownership and free market mechanisms, while in other sectors there is significant state ownership and government planning?

answer

Mixed

question

Which of the following best exemplifies facilitating or expediting payments in business?

answer

Making small payments to government officials in order to speed up the work they are already obligated to perform

question

Which of the following is based on three measures: life expectancy at birth, educational attainment, and average incomes based on PPP estimates?

answer

Human Development Index

question

Which of the following best exemplifies a first-mover advantage?

answer

Venus Inc. has more than 50 percent market share in the telecom industry, because no other company had invested in this industry before Venus Inc.

question

Which of the following is broadly defined as the development of new products, processes, organizations, management practices, and strategies?

answer

Innovation

question

Capricorn Creative Inc., a U.S.-based advertising firm, was the first in the advertising industry to identify the growth potential of Brazil and to make huge investments in its economy. As a result, the firm was able to build brand loyalty and gain experience in that country's business practices. In the language of business strategy, Capricorn Creative has typically benefited from:

answer

a first-mover advantage.

question

The work by Jeffrey Sachs suggests that investments in which of the following help explain why some countries in Southeast Asia have been able to overcome the disadvantages associated with their tropical geography and grow far more rapidly than tropical nations in Africa and Latin America?

answer

Education

question

Which of the following statements is most likely to be true about the risks of doing business in a country?

answer

One visible indicator of economic risk is the level of business and government debt in the country.

question

Which of the following statements is true about culture?

answer

Multinational enterprises can themselves be engines of cultural change.

question

In the Republic of Cedia, people are extremely conscious about their social backgrounds. This in turn regulates their relationships with members of other classes. As a result of the heightened class consciousness:

answer

an antagonistic relationship will exist between management and labor classes.

question

Which of the following statements is true with regard to Geert Hofstede's cultural dimensions?

answer

Members of high uncertainty avoidance cultures had a strong need for rules and regulations.

question

When Shop Smart opened its first super market in China it was unable to generate any sales. After conducting a research, it was understood that the local sales personnel found it difficult to communicate with the American store managers. In addition, Chinese consumers found it difficult to shop in the American way. Shop Smart's failure in China can be attributed to the lack of:

answer

cross-cultural literacy.

question

Which of the following was founded in India in the sixth century B.C. by Siddhartha Gautama, an Indian prince who renounced his wealth to pursue an ascetic lifestyle and spiritual perfection?

answer

Buddhism

question

Hofstede's fifth dimension of Confucian dynamism captures:

answer

attitudes toward time, persistence, ordering by status, protection of face, respect for tradition, and reciprocation of gifts and favors.

question

According to Hofstede, in societies where which of the following was emphasized, ties between individuals were tight.

answer

collectivism

question

Which of the following is an aspect of nonverbal communication?

answer

Personal space

question

Mr. X finds it hard to dine with his American colleagues as his religion prohibits the consumption of pork and alcohol. He also quit his previous job in a bank because his religion considers the payment or receipt of interest as exploitative and unjust. According to this information, Mr. X is a follower of:

answer

Islam.

question

Which of the following best exemplifies ethnocentrism?

answer

Bryan's belief in the superiority of his culture has resulted in conflicts with his colleagues from different countries.

question

Which of the following is a possible downside of emphasizing the primacy of group identification over individualism?

answer

It leads to a lack of dynamism and entrepreneurship.

question

Chinese is the mother tongue of the largest number of people, but English is the most widely spoken language in the world. This indicates that:

answer

many people speak English as a second language.

question

A country characterized with low uncertainty avoidance and low masculinity will:

answer

be less resistant to change and less distinguishing between men and women in the same job.

question

Which of the following statements best defines personal space?

answer

It is the comfortable amount of distance between you and someone you are talking with.

question

Which of the following statements is true about the class system in the United States when compared to the British class system?

answer

Successful individuals from humble origins are highly respected in American society.

question

Dharma, karma, and nirvana are terms related to:

answer

Hinduism.

question

Hindus see mobility between castes as something that can be achieved through:

answer

spiritual progression and reincarnation.

question

Mr. X follows a religion that does not propagate the caste system. Also, his religion emphasizes right seeing, thinking, speech, action, living, effort, mindfulness, and meditation as a route for spiritual transformation. According to this information, Mr. X can be considered a:

answer

Buddhist.

question

One of the downsides to the emphasis on individualism is that it:

answer

is difficult to build teams within an organization to perform collective tasks.

question

Which of the following means an understanding of how cultural differences across and within nations can affect the way business is practiced?

answer

Cross-cultural literacy

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