D270 MIDTERM KOLOVOU EXAM
QUESTIONS AND 100% CORRECT
ANSWERS|GRADED A+
What does globalization primarily involve according to the given definition?
A. A process of cultural exchange and mutual understanding among people from different nation
B. An increase in political sentiments and strengthening of borders between countries
C. Reduction of restrictions on movement of goods and services among people across national
borders
D. Tightening of policies and tariffs that make it difficult to do business abroad
E. A & C - ANS E
Why do firms often pursue international operations, according to the provided definition?
A. To manage potential sales and potential profits
B. To limit resources by sticking to regional markets
C. To expand resources and reduce risk
D. To solely focus on operating within domestic borders
E. None of the above - ANS C
Which of the following is an indication of the increased globalization of business since the end
of World War II?
A. Foreign trade has largely replaced foreign ownership as a means of conducting international
business
B. World trade has grown more rapidly than world production
C. Globally, consumers now depend on foreign output more than half their consumption
D. Countries have increased their import restrictions to counter the rising tide of imports - ANS
B
Visible exports and imports are _____.
A. Merchandise imports and exports
B. The sum total of goods and services traded
C. International transactions paid for in money rather than barter
D. Typically, a country's least common international economic transactions - ANS A
A company starting out with a global focus, usually because of the international experience of its
founders, is called a ____.
A. Multinational enterprise
B. Transnational company
C. Strategically allied company
, D. Born-global company - ANS D
Cultural change occurs when people integrate into their culture the gestures, material objects,
traditions, or concepts of another culture through ___.
A. Ethnocentrism
B. Cultural diffusion
C.Social stratification
D. Polycentrism - ANS B
The term "cultural distance" refers to the ____.
A. Physical space between people during communication
B. Time it takes people to adjust to the language, traditions, and norms of a foreign culture
C. Degree to which countries differ on cultural dimensions
D. Preferred relationship between superiors and subordinates in a given culture - ANS C
Ellen, a US citizen, worked for a US firm in Germany for four years and was transferred back to
the firm's home office in Chicago two months ago. Ellen feels significant dissatisfaction with her
job and life in Chicago, which is most likely a result of ___.
A. Reverse culture shock
B. Polycentrism
C. Culture shock
D. Ethnocentrism - ANS A
In class professor Kolovou gave examples of gender roles in three countries. Which of the
following is correct:
A. In Japan progress is being made but traditional gender roles persist
B. In Sweden there are progressive gender equality policies
C. In Saudi Arabia progress is made but traditions gender roles persist
D. A & B
E. All of the above - ANS D
Rafi belongs to a country in which religion governs all aspects of his life, whether personal or
public. What political system prevails in his country?
A. Communist totalitarianism
B. Left-wing totalitarianism
C. Right-wing totalitarianism
D. Theocratic totalitarianism - ANS D
Which of the following ideas holds that a government should NOT interfere in business affairs?
A. Collectivism
QUESTIONS AND 100% CORRECT
ANSWERS|GRADED A+
What does globalization primarily involve according to the given definition?
A. A process of cultural exchange and mutual understanding among people from different nation
B. An increase in political sentiments and strengthening of borders between countries
C. Reduction of restrictions on movement of goods and services among people across national
borders
D. Tightening of policies and tariffs that make it difficult to do business abroad
E. A & C - ANS E
Why do firms often pursue international operations, according to the provided definition?
A. To manage potential sales and potential profits
B. To limit resources by sticking to regional markets
C. To expand resources and reduce risk
D. To solely focus on operating within domestic borders
E. None of the above - ANS C
Which of the following is an indication of the increased globalization of business since the end
of World War II?
A. Foreign trade has largely replaced foreign ownership as a means of conducting international
business
B. World trade has grown more rapidly than world production
C. Globally, consumers now depend on foreign output more than half their consumption
D. Countries have increased their import restrictions to counter the rising tide of imports - ANS
B
Visible exports and imports are _____.
A. Merchandise imports and exports
B. The sum total of goods and services traded
C. International transactions paid for in money rather than barter
D. Typically, a country's least common international economic transactions - ANS A
A company starting out with a global focus, usually because of the international experience of its
founders, is called a ____.
A. Multinational enterprise
B. Transnational company
C. Strategically allied company
, D. Born-global company - ANS D
Cultural change occurs when people integrate into their culture the gestures, material objects,
traditions, or concepts of another culture through ___.
A. Ethnocentrism
B. Cultural diffusion
C.Social stratification
D. Polycentrism - ANS B
The term "cultural distance" refers to the ____.
A. Physical space between people during communication
B. Time it takes people to adjust to the language, traditions, and norms of a foreign culture
C. Degree to which countries differ on cultural dimensions
D. Preferred relationship between superiors and subordinates in a given culture - ANS C
Ellen, a US citizen, worked for a US firm in Germany for four years and was transferred back to
the firm's home office in Chicago two months ago. Ellen feels significant dissatisfaction with her
job and life in Chicago, which is most likely a result of ___.
A. Reverse culture shock
B. Polycentrism
C. Culture shock
D. Ethnocentrism - ANS A
In class professor Kolovou gave examples of gender roles in three countries. Which of the
following is correct:
A. In Japan progress is being made but traditional gender roles persist
B. In Sweden there are progressive gender equality policies
C. In Saudi Arabia progress is made but traditions gender roles persist
D. A & B
E. All of the above - ANS D
Rafi belongs to a country in which religion governs all aspects of his life, whether personal or
public. What political system prevails in his country?
A. Communist totalitarianism
B. Left-wing totalitarianism
C. Right-wing totalitarianism
D. Theocratic totalitarianism - ANS D
Which of the following ideas holds that a government should NOT interfere in business affairs?
A. Collectivism
