TEST BANK For Management Global, 15th Edition By Stephen
P. Robbins, Verified Chapters 1 - 18, Complete Newest Version
_____________ is the trend of the world economy toward becoming a more
interdependent system - ANSWER: globalization
The top 3 most competitive countries are... - ANSWER: Switzerland, US, Singapore
Why learn about international management?
- You may deal with ________ customers or partners
- You may deal with foreign employees or _________
- You may work for a foreign firm ___ the United States
- You may work for an American firm _______ the United States, or for a foreign one
- ANSWER: foreign, suppliers, in, outside
Who is the successful international manager?
- Ethnocentric
- Polycentric
- Geocentric - ANSWER: Geocentric
____________ managers believe that their native country, culture, language and
behavior are superior to all others - ANSWER: Ethnocentric
__________ managers are related to ethnocentrism, a narrow view in which people
see things solely from their own perspective - ANSWER: parochialism
_____________ is the narrow view in which people see things solely through their
own perspective - ANSWER: parochialism
___________ managers take the view that native managers in the foreign offices
best understand native personnel and practices, so the home office should leave
them alone - ANSWER: Polycentric
_________ managers accept that:
- there are differences and similarities between home and foreign personnel &
practices
- they should use whatever techniques are most effective - ANSWER: Geocentric
Alvin accepts that differences and similarities exist between home and foreign
personnel and practices, and that the company should use whatever techniques are
most effective. Alvin can be described as:
a. ethnocentric
b. polycentric
c. geocentric
d. expatriate - ANSWER: geocentric
,How can companies expand internationally, from least risky to highest risky?
- Global o________
- I_______, e_______, and c_________
- L______ and f________
- J___ v_______
-W____ O_____ S___________ - ANSWER: outsourcing, Importing, exporting, and
countertrading, licensing, franchising, joint ventures, wholly owned subsidaries
________ __________, also called "offshoring", is using suppliers outside the US to
provide labor, goods, or services. The reasons may be that:
(a) the foreign supplier has resources not available in the United States (i.e. Italian
marble)
(b) the supplier may have special expertise (i.e. weavers in Pakistan)
(c) the supplier's labor is cheaper than American labor - ANSWER: Global outsourcing
_________ is when a company buys goods outside the country and resells them
domestically, such as Chevron gasoline from Saudi Arabia for sale for Americans to
gas up their vehicles. - ANSWER: Importing
_________ is when a company produces goods domestically and sells them outside
the country. - ANSWER: Exporting
Sometimes other countries may wish to import U.S. goods but lack the currency to
pay for them. In that case, the exporting U.S. company may resort to
_____________, or bartering goods for goods. - ANSWER: Countertrading
_________ is a company allowing a foreign company to pay it a fee to MAKE OR
DISTRIBUTE firm's product or service. This is a way companies can expand
internationally. - ANSWER: Licensing
__________ is a company allowing a foreign company to pay it a fee and a share of
the profit in return for USING COMPANY'S BRAND NAME and a PACKAGE OF
MATERIALS AND SERVICES. This is a way companies can expand internationally. -
ANSWER: Franchising
For instance, in 2019 the U.S. Department of Transportation approved a _______
________ between American Airlines and Qantas for new routes to foreign countries
- ANSWER: joint ventures
For example, Mastercard purchased Nets, a Denmark-based electronic payments
platform, in 2019 for $3.19 billion - ANSWER: Wholly-owned subsidiary
A ___________ _______ is a foreign, wholly-owned subsidiary, that the owning
organization has built from scratch - ANSWER: greenfield venture
_______ is the shared set of beliefs, values, knowledge, and patterns of behavior
common to a group of people. - ANSWER: Culture
, The _________ of tipping in restaurants varies from country to country - ANSWER:
culture
Someone from a ____ ________ culture, such as the US, Great Britain, Scandinavia,
and Germany, shares meanings primarily derived from written and spoken words. -
ANSWER: low context
Someone from a ____ ________culture, such as China, Korea, Japan, Mexico, and
many Arab countries, rely heavily on situational cues for meaning when
communicating with others. - ANSWER: high context
The GLOBE Project's (9) Cultural Dimensions are:
- P______ D________
- U________ A_________
-I________ C_________
- I__ - g_____ c___________
- G_____ e_____________
- A_________
- F_____ o________
- P_______ o_________
- H_____ o_________ - ANSWER: Power distance, uncertainty avoidance,
institutional collectivism, in-group collectivism, gender egalitarianism, assertiveness,
future orientation, performance orientation, humane orientation
_____ _______, one of nine cultural dimensions of the GLOBE Project, is the degree
to which a society's members expect power to be unequally shared - ANSWER:
Power distance
__________ _________, one of nine cultural dimensions of the GLOBE Project, is the
extent to which a society relies on
- social norms
- procedures
to alleviate the unpredictability of future events - ANSWER: Uncertainty avoidance
_____________ ______________, one of nine cultural dimensions of the GLOBE
Project, is the extent to which individuals are
- encouraged
- rewarded
for loyalty to the group > pursuing individual goals - ANSWER: Institutional
collectivism
__ ______ ______________, one of nine cultural dimensions of the GLOBE Project, is
the extent to which people should take pride in being members of their:
- family
- circle of close friends
- work organization - ANSWER: in-group collectivism
P. Robbins, Verified Chapters 1 - 18, Complete Newest Version
_____________ is the trend of the world economy toward becoming a more
interdependent system - ANSWER: globalization
The top 3 most competitive countries are... - ANSWER: Switzerland, US, Singapore
Why learn about international management?
- You may deal with ________ customers or partners
- You may deal with foreign employees or _________
- You may work for a foreign firm ___ the United States
- You may work for an American firm _______ the United States, or for a foreign one
- ANSWER: foreign, suppliers, in, outside
Who is the successful international manager?
- Ethnocentric
- Polycentric
- Geocentric - ANSWER: Geocentric
____________ managers believe that their native country, culture, language and
behavior are superior to all others - ANSWER: Ethnocentric
__________ managers are related to ethnocentrism, a narrow view in which people
see things solely from their own perspective - ANSWER: parochialism
_____________ is the narrow view in which people see things solely through their
own perspective - ANSWER: parochialism
___________ managers take the view that native managers in the foreign offices
best understand native personnel and practices, so the home office should leave
them alone - ANSWER: Polycentric
_________ managers accept that:
- there are differences and similarities between home and foreign personnel &
practices
- they should use whatever techniques are most effective - ANSWER: Geocentric
Alvin accepts that differences and similarities exist between home and foreign
personnel and practices, and that the company should use whatever techniques are
most effective. Alvin can be described as:
a. ethnocentric
b. polycentric
c. geocentric
d. expatriate - ANSWER: geocentric
,How can companies expand internationally, from least risky to highest risky?
- Global o________
- I_______, e_______, and c_________
- L______ and f________
- J___ v_______
-W____ O_____ S___________ - ANSWER: outsourcing, Importing, exporting, and
countertrading, licensing, franchising, joint ventures, wholly owned subsidaries
________ __________, also called "offshoring", is using suppliers outside the US to
provide labor, goods, or services. The reasons may be that:
(a) the foreign supplier has resources not available in the United States (i.e. Italian
marble)
(b) the supplier may have special expertise (i.e. weavers in Pakistan)
(c) the supplier's labor is cheaper than American labor - ANSWER: Global outsourcing
_________ is when a company buys goods outside the country and resells them
domestically, such as Chevron gasoline from Saudi Arabia for sale for Americans to
gas up their vehicles. - ANSWER: Importing
_________ is when a company produces goods domestically and sells them outside
the country. - ANSWER: Exporting
Sometimes other countries may wish to import U.S. goods but lack the currency to
pay for them. In that case, the exporting U.S. company may resort to
_____________, or bartering goods for goods. - ANSWER: Countertrading
_________ is a company allowing a foreign company to pay it a fee to MAKE OR
DISTRIBUTE firm's product or service. This is a way companies can expand
internationally. - ANSWER: Licensing
__________ is a company allowing a foreign company to pay it a fee and a share of
the profit in return for USING COMPANY'S BRAND NAME and a PACKAGE OF
MATERIALS AND SERVICES. This is a way companies can expand internationally. -
ANSWER: Franchising
For instance, in 2019 the U.S. Department of Transportation approved a _______
________ between American Airlines and Qantas for new routes to foreign countries
- ANSWER: joint ventures
For example, Mastercard purchased Nets, a Denmark-based electronic payments
platform, in 2019 for $3.19 billion - ANSWER: Wholly-owned subsidiary
A ___________ _______ is a foreign, wholly-owned subsidiary, that the owning
organization has built from scratch - ANSWER: greenfield venture
_______ is the shared set of beliefs, values, knowledge, and patterns of behavior
common to a group of people. - ANSWER: Culture
, The _________ of tipping in restaurants varies from country to country - ANSWER:
culture
Someone from a ____ ________ culture, such as the US, Great Britain, Scandinavia,
and Germany, shares meanings primarily derived from written and spoken words. -
ANSWER: low context
Someone from a ____ ________culture, such as China, Korea, Japan, Mexico, and
many Arab countries, rely heavily on situational cues for meaning when
communicating with others. - ANSWER: high context
The GLOBE Project's (9) Cultural Dimensions are:
- P______ D________
- U________ A_________
-I________ C_________
- I__ - g_____ c___________
- G_____ e_____________
- A_________
- F_____ o________
- P_______ o_________
- H_____ o_________ - ANSWER: Power distance, uncertainty avoidance,
institutional collectivism, in-group collectivism, gender egalitarianism, assertiveness,
future orientation, performance orientation, humane orientation
_____ _______, one of nine cultural dimensions of the GLOBE Project, is the degree
to which a society's members expect power to be unequally shared - ANSWER:
Power distance
__________ _________, one of nine cultural dimensions of the GLOBE Project, is the
extent to which a society relies on
- social norms
- procedures
to alleviate the unpredictability of future events - ANSWER: Uncertainty avoidance
_____________ ______________, one of nine cultural dimensions of the GLOBE
Project, is the extent to which individuals are
- encouraged
- rewarded
for loyalty to the group > pursuing individual goals - ANSWER: Institutional
collectivism
__ ______ ______________, one of nine cultural dimensions of the GLOBE Project, is
the extent to which people should take pride in being members of their:
- family
- circle of close friends
- work organization - ANSWER: in-group collectivism
