Int business ch 1

question

Early outsourcing efforts were primarily confined to:
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A. manufacturing activities B. accounting services. C. testing services. D. educational activities. E. consulting services.
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Which of the following reasons contributed to the Great Depression of the 1930s?
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Countries progressively raising trade barriers against each other
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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?
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Choosing an appropriate mode for entering a particular foreign country
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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?
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Barriers to the free flow of goods, services, and capital
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The advent of containerization has:
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significantly lowered the costs of shipping goods over long distances.
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“Exporting jobs” to low-wage nations has contributed to:
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higher unemployment in wealthy advanced economies such as the United States.
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Which of the following services CANNOT be outsourced to foreign nations?
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Delivering closing arguments for a lawsuit
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Globalization critics argue that the decline in unskilled wage rates in advanced economies is due to the:
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migration of low-wage manufacturing jobs offshore.
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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:
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private action.
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Which of the following is inconsistent with Marxist philosophy?
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Selling state-owned enterprises to private investors
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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?
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Mixed
question

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

Which of the following best exemplifies facilitating or expediting payments in business?
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Making small payments to government officials in order to speed up the work they are already obligated to perform
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Which of the following is based on three measures: life expectancy at birth, educational attainment, and average incomes based on PPP estimates?
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Human Development Index
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Which of the following best exemplifies a first-mover advantage?
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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.
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Which of the following is broadly defined as the development of new products, processes, organizations, management practices, and strategies?
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Innovation
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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:
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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?
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Education
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Which of the following statements is most likely to be true about the risks of doing business in a country?
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One visible indicator of economic risk is the level of business and government debt in the country.
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Which of the following statements is true about culture?
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Multinational enterprises can themselves be engines of cultural change.
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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:
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an antagonistic relationship will exist between management and labor classes.
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Which of the following statements is true with regard to Geert Hofstede’s cultural dimensions?
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Members of high uncertainty avoidance cultures had a strong need for rules and regulations.
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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:
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cross-cultural literacy.
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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?
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Buddhism
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Hofstede’s fifth dimension of Confucian dynamism captures:
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attitudes toward time, persistence, ordering by status, protection of face, respect for tradition, and reciprocation of gifts and favors.
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According to Hofstede, in societies where which of the following was emphasized, ties between individuals were tight.
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collectivism
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Which of the following is an aspect of nonverbal communication?
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Personal space
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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:
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Islam.
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Which of the following best exemplifies ethnocentrism?
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Bryan’s belief in the superiority of his culture has resulted in conflicts with his colleagues from different countries.
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Which of the following is a possible downside of emphasizing the primacy of group identification over individualism?
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It leads to a lack of dynamism and entrepreneurship.
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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:
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many people speak English as a second language.
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A country characterized with low uncertainty avoidance and low masculinity will:
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be less resistant to change and less distinguishing between men and women in the same job.
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Which of the following statements best defines personal space?
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It is the comfortable amount of distance between you and someone you are talking with.
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Which of the following statements is true about the class system in the United States when compared to the British class system?
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Successful individuals from humble origins are highly respected in American society.
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Dharma, karma, and nirvana are terms related to:
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Hinduism.
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Hindus see mobility between castes as something that can be achieved through:
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spiritual progression and reincarnation.
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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:
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Buddhist.
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One of the downsides to the emphasis on individualism is that it:
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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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