MGMT 451 EXAM 1 Questions And Answers All Correct

Which of the following statements about the Internet and Information Technology is true? - correct answers Internet is benefiting companies worldwide Transition economies are - correct answers countries changing from government-controlled or communistic economies to a more free market country The European Union consists of: - correct answers 27 member nations, with the 28th scheduled to become a member in 2013 The free market reforms in emerging countries are creating a potential group of - correct answers new competitors Emerging markets are - correct answers Those countries between developed and developing countries that present tremendous opportunities Economic risks discussed in the text include - correct answers Exchange and interest rates Aggressive multinational companies from emerging markets are - correct answers expanding beyond their own borders Majoor regional trade agreements include all of the following EXCEPT - correct answers PROTEC Examples of developed economies would include - correct answers The U.S. and Japan Future trends indicate that _________ matters more than size of the company. - correct answers flexibility According to your text, FDI means - correct answers a foreign company has an ownership position in a company in another country Which of the following is not a classification of economic systems noted in the text - correct answers Domestic economies One of the major reasons why global companies seek to develop standard products is because - correct answers A standard product allows the company to save money because the same product can be sold anywhere Developing economies are - correct answers Hong Kong, Singapore, and Taiwan According to the experts cited in your text, the next generation of global managers will need all of the following, EXCEPT - correct answers Poor negotiation skills The strategic approach to multinational management - correct answers Is concerned with developing strategies that deal with operation in more than one country and culture The best definition of multinational management includes which of these factors: - correct answers ALL of above: -formulation of strategies and mgmt systems -Designed to take advantage of international opportunities -and to respond to international threats Anything that a government might do to affect a multinational adversely is known as - correct answers Political risk. 19 A global product or service is Businesses of all sizes are increasingly looking for global opportunities because - correct answers All of the above: -trade barriers are falling - Money is flowing more freely across countries - The world is becoming one interconnected economy According to the text, all of the following includes factors that will shape the future business environment EXCEPT - correct answers Ability to find cheap labor People from ________ countries would probably feel most comfortable with an autocratic (theory X) task-directed style of leadership. - correct answers All of the above: -High masculinity -High power distance -High uncertainty avoidance According to the research discussed in the text, which of the following may help managers become more culturally intelligent? - correct answers Exposure to new cultural experiences in other countries A culture which has dominant values of success, money, and material things is probably - correct answers High on masculinity All of the following are dimensions of Hofstede's Model of National Culture EXCEPT: - correct answers Power avoidance An emphasis on leadership styles that appeal to duty and commitment to group goals are found primarily in countries with - correct answers High collectivism ( low individualism) The achievement versus ascription dimension addresses - correct answers The manner by which a society gives status In countries where it is believed that nature dominates people, - correct answers Managers believe that they must accept situations rather than changing them Discussing cultural paradoxes, the text indicates that although the US scored very high on individualism, it also has the highest percentage of - correct answers charity giving in the world Training for conformity and obedience, with valuations based on compliance and trustworthiness characterize countries with - correct answers High power distance Cultural values: - correct answers Tell us what is good and beautiful and what are legitimate goals in life All of the following is true about culture EXCEPT - correct answers Culture is always directly observable In a universalistic culture, the right way to treat people is based on - correct answers Abstract principles such as rules of law and religion Organizational culture refers to the - correct answers Set of important understandings that member of an organization share. Cultural paradoxes represent - correct answers Cases where situations in reality seem to contradict cultural prescriptions. Which of the following cultural dimensions is NOT included in Hofstede's model of national culture? - correct answers Neutrality Occupational cultures - correct answers Are the norms, values, beliefs, and expected ways of behaving for people in the same occupational group Which of the following statements is true regarding a future oriented society? - correct answers Organizational change is considered necessary and beneficial Expressions of anger, laughter, gesturing, and emotional outbursts are considered acceptable in - correct answers Affective cultures Seniority tends to dominate evaluation and promotion in - correct answers Cultures high on Uncertainty avoidance and low on individualism Some people believe that the norms, values, and beliefs of their own culture represent the only correct ways of dealing with the world. This is called - correct answers Ethnocentrism When multinationals pay low wages or use child labor, they often receive - correct answers Negative publicity A multinational manager carefully considers the list of festivals that celebrated in a country in order to allow for the holidays for his/her employees. Which social institution is most likely being considered here? - correct answers Religion The index of economic freedom may be used by multinationals to understand the nature of - correct answers governmental intervention An increased emphasis on quality of life over achievement oriented norms is typical of - correct answers Post-industial societies Which of the following statements is TRUE regarding post-industrial societies? - correct answers Post-industial societies tend to emphasize quality of life over economic achievement multinational HR Managers decision to promote an individual results in wide discontent in the foreign subsidiary. Manager find that although the promoted individual's performance is exemplary, most employees feel that the promotion should have gone to another individual who comes from an important family. The foreign subsidiary is most likely located in a/an - correct answers Pre-industrial society According to the text, which of the following statements regarding workers in formerly socialist economies is NOT TRUE? - correct answers Workers in formerly socialist economies are very trusting of each other Which religion is considered to be timeless and eternal as it not based on a single founder or event? - correct answers Hinduism Which of the following has important implications for multinationals? - correct answers All of the above: -Religion -Education and economic systems -Industrialization and inequality Which of the following systems encourage the pursuit of collective goals such as social equality and solidarity? - correct answers Command economy Which of the following societies tend to determine occupations based on ascription (family background) and social status? - correct answers Pre-industrial societies The famous German Sociologist, Max Weber, argued that the Protestant work ethic - correct answers Led to the emergence of capitalism in Western Europe When a society expects that while men should work outside, and women ideally stay at home, this exhibits which of the following features? - correct answers Strict division of society by gender Which of the following are key social institutions that are most likely to influence the business environment of a country? - correct answers All of the above: -Economic system -Level of industrialization -Religion Which of the following statements about the GINI index is FALSE? - correct answers Is scaled so that 100 represents no inequality while 0 represents perfect inequality Which of the following religions has strict gender roles and also prohibits multinationals from paying or receiving interest or transactions? - correct answers Islam In which of the following societies would people most likely prefer non-monetary incentives? - correct answers Post-industrial society According to the text, all of the following statements regarding education and educational systems around the world are TRUE except - correct answers The focus of educational systems around the world are fairly similar in terms of whether these systems emphasize academic or vocational aspects When industrialization is inwardly oriented, local industries are prompted to satisfy the - correct answers Domestic market and preserve foreign exchange Which of the following statements is NOT TRUE regarding the experiences countries go through as they undertake market transitions from socialism to a more market based economy? - correct answers The first duty of a multinational manager faced with a decision is - correct answers TO consider whether the decision makes business sense The form of analysis where the prime interest is what is the best decision for a company's profit is - correct answers None of the above Prescriptive rules in codes of conduct - correct answers Tell multination companies or managers what they should do When companies use the logic of moral universalism and impose their views on the rest of the world, ________________ occurs. - correct answers Cultural imperialism A multinational manager is considering closing a plant in China as wages have increased considerably in China. The manager considers the implications of laying off people and closing the plant on the profits of the company. Which form of analysis is the manager doing? - correct answers None of the above According to the text, the United Nations Declaration of Human Rights is an example of which of the following? - correct answers Transnational ethics The argument that there are basic moral principles that transcend cultural and national boundaries is supported by - correct answers Ethical universalism Multinaltionals that provide fair waged to their local employees are following which type of moral language? - correct answers Rights and duties In an economic analysis - correct answers The manager considers the best decision for a company's profits Which of the following statements are true about teleological ethical theories? - correct answers All of the above are true The reason to know provisions of the FCPA is that it - correct answers Is a tricky component for US companies Which of the following statements is NOT TRUE regarding social responsibility? - correct answers Social responsibility is not linked with business ethics The ethical philosophies that consider actions as good or bad regardless of their outcomes are - correct answers Deontological theories of ethics Which of the following ethical dilemmas is addressed by the Sarbanes Oxley Act? - correct answers Auditor responsibility and independence According to the text, which of the following is NOT a consequence of corruption? - correct answers Companies devote some of the bribe to socially responsible causes Which act was proposed by the Securities Exchange Commission in reaction to the accounting scandals at companies like Enron and Worldcom? - correct answers Sarbanes-Oxley Utilitarianism, as a form of ethical philosophy, - correct answers Argues that what is good or moral comes from acts that produce the greatest number of people The world seems to be moving towards transnational ethics because: - correct answers All of these reasons Pressures for ethical convergence include all of the following EXCEPT - correct answers The need to have unique norms and values to manage their employees differently According to the FCPA, U.S. managers are criminally liable - correct answers For all bribes by employees or agents of the U.S company even if the U.S. managers do not know about them