MGMT 4660 EXAM I UPDATED ACTUAL QUESTIONS AND CORRECT ANSWERS

MGMT 4660 EXAM I UPDATED ACTUAL QUESTIONS AND
CORRECT ANSWERS

Question:
1. Which of the following statements is true about privatization?
A. privatization is absent in transition economies
B. privatization is the sale of private business to government investors
C. the leading privatizers in the world do not face competition
D. developing nations have the highest rate of privatization
Answer:
D. developing nations have the highest rate of privatization

Question:
2. The world trade organizations:
A. collects duties for member countries
B. is a consulting group for companies who wish to engage in international trade
C. is a major trading company
D. succeeded the GATT agreements
Answer:
D. succeeded the GATT agreements

Question:
3. According to the text, the multinational company
A. is any company that engages in any business function across borders
B. must be large
C. must sell overseas to be a true multinational
D. is required to be a public corporation
Answer:
A. is any company that engages in any business function across borders

Question:
4. According to the experts cited in your text, the next generation of global managers will need to be all of
the following, EXCEPT:
A. the ability to work with people from different cultural backgrounds
B. a local mindset
C. emotional intelligence
D. poor negotiation skills
Answer:
D. poor negotiation skills

Question:
5. a global product or service is
A. a product or service that requires bilingual customers
B. adapted for each country's unique needs
C. a similar product or service for all customers throughout the world
D. products developed for use outside the country

,Answer:
C. a similar product or service for all customers throughout the world

Question:
6. which of the following was first to begin negotiations to limit worldwide tariffs?
A. GATT
B. NAFTA
C. WTO
D. EU
Answer:
A. GATT

Question:
7. Economic risks discussed in the text include
A. anything a government might do or not do that might adversely affect a company
B. the likelihood of losing money if one invests in stocks
C. expropriating of foreign firms by the local government without any compensation
D. exchange and interest rates
Answer:
D. exchange and interest rates

Question:
8. emerging markets are
A. have free trade areas
B. those countries between developed and developing countries that present tremendous opportunities
C. located mostly in Africa and South America
D. Similar to developed economies
Answer:
B. those countries between developed and developing countries that present tremendous opportunities

Question:
9. You should accept cards in Japan with...
A. right hand
B. both hands
C. left hand
Answer:
B. both hands

Question:
10. True or False: Business cards are always reciprocated in the USA?
Answer:
False

Question:
11. What colour ink is best for business cards in China?
A. Green
B. Black
C. Gold

,Answer:
C. Gold

Question:
12. Which of these should you not do to a South Korean's business card?
A. write on it
B. comment on it
C. look at it
Answer:
A. write on it

Question:
13. What languages should you ideally translate your business cards into if going to Taiwan?
A. Japanese
B. Cantonese
C. Mandarin
Answer:
B. Cantonese

Question:
14. In the Philippines who should give the business card first?
A. the visitor
B. the host
Answer:
A. the visitor

Question:
15. True or False: Exchanging business cards is very ceremonious in the UK?
Answer:
False

Question:
16. In Sri Lanka which hand should you not use to pass business cards?
A. Right
B. Left
Answer:
B. Left

Question:
17. Which of these is most important on business cards in Germany?
A. age
B. years at current company
c. qualifications
Answer:
c. qualifications

, Question:
18. When meeting a group of people in Venezuela you should give your business card to...
A. only the most senior person
B. everyone
C. no-one
Answer:
B. everyone

Question:
19. True or False: business cards are serious business in Japan?
Answer:
True

Question:
20. What are the seven golden rules of Japanese business cards?
Answer:
1. Introductions
2. Two handed card handling
3. Card quality
4. Respect cards
5. Keep the cards
6. Cards in Japanese and English are appreciated
7. Present your card lower than your counterpart when they have a higher status

Question:
21. True or False: Meishi is the name for business cards in Japan?
Answer:
True

Question:
22. A culture that has dominant values of success, money, and material things is probably
A. low on power distance
B. high on long term orientation
C. high on masculinity
D. low on individualism
Answer:
C. high on masculinity

Question:
23. Cultures with high power distance values probably have
A. participative leadership
B. managers selected by educational achievement
C. decentralized decision making
D. large wage differences between management and workers
Answer:
D. large wage differences between management and workers