MANAGEMENT WILEY PLUS
QUESTIONS AND ANSWERS WITH
VERIFIED SOLUTIONS 100% CORRECT
RATED A+
Q 13:
Suppose Susan from USA works for a multinational company and has just arrived
in a remote country in Africa for her work assignment. At the first problem she
encounters in speaking the language, she exclaims loudly, "I wish everyone in this
little country just spoke English like the rest of the civilized world!" Susan's
behavior is an example of which of the following concepts? - ANSWER✔✔ A
Option A: Proxemics
B
Option B: Culture shock
C
Option C: Ethnocentrism
This is correct answer
D
Option D: Monochromic culture
E
Option E: Cultural intelligence
Which of the following statements BEST describes a licensing agreement? -
ANSWER✔✔ A
Option A: One firm pays a fee for rights to make or sell another company's
products.
This is correct answer
B
,Option B: A fee is paid for rights to use another firm's name and operating
methods.
C
Option C: A co-ownership arrangement exists with local partners.
D
Option D: A local operation is completely owned and controlled by a foreign firm.
E
Option E: Member countries are given rights to sell products from each other's
markets.
If American firms like Walmart and other department store chains are hurt by
systematic efforts by Indian government to develop policies that build their
domestic companies at the expense of US firms, it is called - ANSWER✔✔ A
Option A: most favored organization status.
B
Option B: protectionism.
This is correct answer
C
Option C: the World Trade Organization protection.
D
Option D: global favoritism.
E
Option E: global enterprising.
The ____________ is a political and economic alliance of European countries that
have agreed to support mutual economic growth by removing barriers that
previously limited cross-border trade and business development. - ANSWER✔✔ A
,Option A: NAFTA
B
Option B: EU
This is correct answer
C
Option C: CARICOM
D
Option D: MERCOSUR
E
Option E: the Andean Pact
Criteria for choosing joint venture partners include all of the following EXCEPT -
ANSWER✔✔ A
Option A: familiarity with your firm's major business.
B
Option B: employment of a strong local workforce.
C
Option C: providing financial backing.
This is correct answer
D
Option D: good profit potential.
E
Option E: valuing its customers.
Common legal problems faced by international businesses involve all of the
following EXCEPT - ANSWER✔✔ A
, Option A: handling foreign exchange.
B
Option B: negotiating and implementing contracts with foreign parties.
C
Option C: offering overpriced resources.
This is correct answer
D
Option D: incorporation practices and business ownership.
E
Option E: handling intellectual property rights - patents, trademarks, and
copyrights.
___________ is a significant pathway to business growth for both individual firms
and economies by providing new customer bases and expanded markets for
products and services. - ANSWER✔✔ A
Option A: Importing
B
Option B: Exporting
This is correct answer
C
Option C: Ethnocentrism
D
Option D: Re-shoring
E
Option E: Insourcing
QUESTIONS AND ANSWERS WITH
VERIFIED SOLUTIONS 100% CORRECT
RATED A+
Q 13:
Suppose Susan from USA works for a multinational company and has just arrived
in a remote country in Africa for her work assignment. At the first problem she
encounters in speaking the language, she exclaims loudly, "I wish everyone in this
little country just spoke English like the rest of the civilized world!" Susan's
behavior is an example of which of the following concepts? - ANSWER✔✔ A
Option A: Proxemics
B
Option B: Culture shock
C
Option C: Ethnocentrism
This is correct answer
D
Option D: Monochromic culture
E
Option E: Cultural intelligence
Which of the following statements BEST describes a licensing agreement? -
ANSWER✔✔ A
Option A: One firm pays a fee for rights to make or sell another company's
products.
This is correct answer
B
,Option B: A fee is paid for rights to use another firm's name and operating
methods.
C
Option C: A co-ownership arrangement exists with local partners.
D
Option D: A local operation is completely owned and controlled by a foreign firm.
E
Option E: Member countries are given rights to sell products from each other's
markets.
If American firms like Walmart and other department store chains are hurt by
systematic efforts by Indian government to develop policies that build their
domestic companies at the expense of US firms, it is called - ANSWER✔✔ A
Option A: most favored organization status.
B
Option B: protectionism.
This is correct answer
C
Option C: the World Trade Organization protection.
D
Option D: global favoritism.
E
Option E: global enterprising.
The ____________ is a political and economic alliance of European countries that
have agreed to support mutual economic growth by removing barriers that
previously limited cross-border trade and business development. - ANSWER✔✔ A
,Option A: NAFTA
B
Option B: EU
This is correct answer
C
Option C: CARICOM
D
Option D: MERCOSUR
E
Option E: the Andean Pact
Criteria for choosing joint venture partners include all of the following EXCEPT -
ANSWER✔✔ A
Option A: familiarity with your firm's major business.
B
Option B: employment of a strong local workforce.
C
Option C: providing financial backing.
This is correct answer
D
Option D: good profit potential.
E
Option E: valuing its customers.
Common legal problems faced by international businesses involve all of the
following EXCEPT - ANSWER✔✔ A
, Option A: handling foreign exchange.
B
Option B: negotiating and implementing contracts with foreign parties.
C
Option C: offering overpriced resources.
This is correct answer
D
Option D: incorporation practices and business ownership.
E
Option E: handling intellectual property rights - patents, trademarks, and
copyrights.
___________ is a significant pathway to business growth for both individual firms
and economies by providing new customer bases and expanded markets for
products and services. - ANSWER✔✔ A
Option A: Importing
B
Option B: Exporting
This is correct answer
C
Option C: Ethnocentrism
D
Option D: Re-shoring
E
Option E: Insourcing
