BUSI 3250 UPDATED EXAMS SCRIPT ALL QUESTIONS
AND ANSWERS SURE A+
✔✔In restraining cultures, - ✔✔much more energy is dedicated to establishing order
and structure, and individuals are not "indulged." (low restraining)
✔✔Typically, one might think that indulgent correlates with individualism and restraining
with collectivism - ✔✔Typically, one might think that indulgent correlates with
individualism and restraining with collectivism
✔✔Hofstede's Cultural Dimensions were identified to? - ✔✔help managers understand
how cultural differences affect organizations and management methods
(concerned primarily with work values)
✔✔Hofstede's Cultural Dimension that is the measure of how people deal with the
unexplainable in their lives - ✔✔Pragmatic versus Normative
✔✔In normative societies, - ✔✔there is strong desire to explain and to know the
absolute Truth. Respect for tradition, a low propensity to save, and a focus on quick
results (low normative)
✔✔A pragmatic orientation suggests - ✔✔people not concerned with understanding so
much because life as a complex process is a given (high pragmatic)
, ✔✔How many modes of supply are there? - ✔✔4
✔✔How much of the world's oil passes through the Strait of Hormuz? - ✔✔20%
✔✔How much of the world's commerce happen over water? - ✔✔80%
✔✔Extent to which members of a society expect power to be distributed unequally and
accept it - ✔✔Power Distance
✔✔About how many people live on less than $2 a day? - ✔✔3 billion
✔✔What theory explains why a product that begins as a nation's export eventually
becomes its import? (The role of innovation in trade patterns) - ✔✔International Product
Life Cycle (IPLC)
✔✔Four Stages of IPLC - ✔✔Export, foreign production, foreign competition, import
competition
✔✔What theory is useful in explaining trade and investment behavior when international
firms introduce new products in home markets first? - ✔✔International Product Life
Cycle
✔✔Economies of Scale - ✔✔predictable decline in the average cost of producing each
unit of output as a production facility gets larger and output increases.
✔✔Experience Curve - ✔✔rising scale on which efficiency improves as a result of
cumulative experience and learning
✔✔National competitiveness - ✔✔nation's relative ability to design, produce, distribute,
or service products within an international trading context while earning increasing
returns on its resource
✔✔What is it called when companies tend to cluster based on expertise/needs which
allows for creating competitive advantages - ✔✔national competitiveness
✔✔Regional clusters (like Alabama's automotive industry) give firms the upper or lower
hand? - ✔✔the upper hand because they can pool a labor force, use specialized local
suppliers, and share technological information
✔✔The Japanese roof tile commercial is an example of which Hofstede's dimesions? -
✔✔Collectivism
AND ANSWERS SURE A+
✔✔In restraining cultures, - ✔✔much more energy is dedicated to establishing order
and structure, and individuals are not "indulged." (low restraining)
✔✔Typically, one might think that indulgent correlates with individualism and restraining
with collectivism - ✔✔Typically, one might think that indulgent correlates with
individualism and restraining with collectivism
✔✔Hofstede's Cultural Dimensions were identified to? - ✔✔help managers understand
how cultural differences affect organizations and management methods
(concerned primarily with work values)
✔✔Hofstede's Cultural Dimension that is the measure of how people deal with the
unexplainable in their lives - ✔✔Pragmatic versus Normative
✔✔In normative societies, - ✔✔there is strong desire to explain and to know the
absolute Truth. Respect for tradition, a low propensity to save, and a focus on quick
results (low normative)
✔✔A pragmatic orientation suggests - ✔✔people not concerned with understanding so
much because life as a complex process is a given (high pragmatic)
, ✔✔How many modes of supply are there? - ✔✔4
✔✔How much of the world's oil passes through the Strait of Hormuz? - ✔✔20%
✔✔How much of the world's commerce happen over water? - ✔✔80%
✔✔Extent to which members of a society expect power to be distributed unequally and
accept it - ✔✔Power Distance
✔✔About how many people live on less than $2 a day? - ✔✔3 billion
✔✔What theory explains why a product that begins as a nation's export eventually
becomes its import? (The role of innovation in trade patterns) - ✔✔International Product
Life Cycle (IPLC)
✔✔Four Stages of IPLC - ✔✔Export, foreign production, foreign competition, import
competition
✔✔What theory is useful in explaining trade and investment behavior when international
firms introduce new products in home markets first? - ✔✔International Product Life
Cycle
✔✔Economies of Scale - ✔✔predictable decline in the average cost of producing each
unit of output as a production facility gets larger and output increases.
✔✔Experience Curve - ✔✔rising scale on which efficiency improves as a result of
cumulative experience and learning
✔✔National competitiveness - ✔✔nation's relative ability to design, produce, distribute,
or service products within an international trading context while earning increasing
returns on its resource
✔✔What is it called when companies tend to cluster based on expertise/needs which
allows for creating competitive advantages - ✔✔national competitiveness
✔✔Regional clusters (like Alabama's automotive industry) give firms the upper or lower
hand? - ✔✔the upper hand because they can pool a labor force, use specialized local
suppliers, and share technological information
✔✔The Japanese roof tile commercial is an example of which Hofstede's dimesions? -
✔✔Collectivism
