MGMT 3320 Ch. 3 – Flashcards

Which industrialized nation emerged as the only intact major power after World War II?

All EXCEPT which of the following countries are considered the leading industrial powers in today's global economy?

Which of the following trends is NOT true of developed nations today (such as the United States, Japan, the United Kingdom, and so on)?

Which international staffing model is typified by an organization using many host-country nationals to staff a variety of positions at many levels?

Under a geocentric staffing model

Which international staffing model involves staffing high-level foreign jobs with parent-country nationals?

No outplacement firms exist in several Middle Eastern countries because the religion of Islam specifies that individuals should not benefit financially from other people's misfortunes. This cultural factor pertains to what type of difference?

Which cultural dimension highlights a liking of structured circumstances instead of situations that are relatively unstructured?

What aspect of international business do NAFTA and the EU represent?

John prefers to work by himself on projects and avoids group work that requires him to monitor the actions of others. He would score highly on the ____ dimension of Hofstede's model of culture.

A cultural dimension that focuses on relationship building and quality of life is

What is the term used when a company lets a foreign firm make and/or distribute its products in a local market?

Under which two approaches to international business will the human resource function be LEAST affected?

What is an advantage of direct investment in another country?

Under which international strategy will several companies agree to cooperate for mutual benefit?

Local issues that must be dealt with by firms conducting business in foreign markets include all of the following EXCEPT

Locating a facility in a relatively underdeveloped area will impact all of the following human resource activities EXCEPT

Celebrity Cruises is based in Florida, but it hires workers from various countries to communicate with and serve guests from around the world. Which of the following is an accurate statement?

Prakash is a human resource manager for an Indian company that is building a manufacturing plant in Singapore. The plant will be staffed with Indian managers and local workers. Which advice would NOT be appropriate for Prakash?

When a company hires host-country nationals to staff foreign locations in underdeveloped countries, it must often

Which of the following is NOT likely to be a part of a compensation package designed for an expatriate?

Wangkyo is an electrical engineer who designs power systems for factories. His employer is sending him on a foreign assignment for one month, to design a system for a new factory that is being built overseas. Which skills will be MOST important to Wangkyo in his foreign assignment?

Disney chose Andre Lacroix to be CEO of Euro Disney, following his success as CEO of Burger King International. Disney chose an experienced international manager who lived in France, rather than send an American manager overseas, in part to eliminate the risk of expatriate failure. Expatriate failure occurs when the

Repatriation occurs when a(n)

Which of the following is an accurate statement about labor unions outside the United States?

Which of the following is NOT one of the cultural dimensions discussed by Hofstede?

Hofstede partnered with ____ to collect cultural information from employees.

The Star Alliance, which is a global group of airlines that cooperate so that reservations and purchasing is made easier for customers, is an example of:

When Kodak constructed a research lab in Japan, this action was an example of:

Which strategy poses the lowest risk for agency problems?

Mini-PC is a Houston-based maker of handheld computers. In response to high European demand, Mini-PC purchased Marstrand Electronics, a handheld manufacturer in Stockholm, Sweden. Mini-PC allowed the management of Marstrand to continue in their jobs rather than sending U.S. managers to oversee Swedish operations. Mini-PC decided to purchase Marstrand because virtually all Swedes speak English, value women's rights, and are predominantly Christian in religious beliefs. Sweden has an extremely stable political system, a sound economy, a highly educated workforce, and it is a member of the European Union. However, Swedes do take a different view of work time, in that they expect at least two months of vacation per year. Also, the Swedish workforce is about 80% unionized, in comparison to Mini-PC's nonunionized workforce. Sweden has a socialist approach to health benefits, which means higher personal taxes for workers but lower health benefits costs for employers. When comparing average national scores on Hofstede's dimensions of culture, the United States and Sweden are about the same in power distance and long-term orientation, but the United States is higher than Sweden in individualism and uncertainty avoidance and much higher in masculinity.

The United States and Japan have experienced slowing growth rates in employment in recent years.

The interrelatedness of global markets was demonstrated by the recent economic turndown in the United States that affected many other parts of the world.

The ethnocentric staffing model utilizes host-country nationals extensively throughout the company.

Cultural values and beliefs are usually not unspoken and are not taken for granted for individuals who live in a particular region of the world.

A culture that scores high in femininity tends to value quality of life and relationships.

A culture that scores high in uncertainty avoidance prefers unstructured situations over structured situations.

Time orientation means that a society emphasizes long-term values such as thrift and persistence.

Importing is the process of making a product domestically and then selling it to another country.

When a firm owns physical assets in another country, this is called foreign direct investment.

There are often many differences in the benefits packages received by employees in different countries.