TEST BANK For Management Global, 15th Edition By Stephen
P. Robbins, Verified Chapters 1 - 18, Complete Newest Version
True or false: Currently, the United States exports more than it imports. - ANSWER:
false
Three important developments in globalization are the: - ANSWER: rise of the "global
village" and electronic commerce
rise of both megafirms and Internet-enabled minifirms worldwide
world's becoming one market instead of many national ones
What two things are credited with creating the "global village?" - ANSWER:
convenient air travel
electronic media
Which of these events are credited with setting up the conditions by which the
global economy - goods, people, and money moving freely throughout the world -
could flourish? (Check all that apply.) - ANSWER: The fall of the Berlin Wall
Asian countries opening their economies to foreign investors
The worldwide trend of governments deregulating their economies
The Internet and World Wide Web allow almost any business to be global. What are
two important results of this process? - ANSWER: Small companies can maneuver
faster.
Small companies can get started more easily.
When forced to select between a US-produced product and a less expensive
imported product, _____ of Americans say they would choose the cheaper option. -
ANSWER: two-thirds
The ability to operate in different cultures is the definition of _____. - ANSWER:
cross-cultural awareness
The trend of the world economy toward becoming a more interdependent system is
referred to as _______. - ANSWER: globalization
Wal-Mart is an example of a(n) ______ because it is a business with operations in
multiple countries. - ANSWER: multinational corporation
The "shrinking" of time and space as air travel and the electronic media make it
easier for people of the world to communicate with one another refers to _____. -
ANSWER: the global village
_____ managers believe that their native country, culture, language, and behavior
are superior to all others. - ANSWER: Ethnocentric
, History shows that countries used to be concerned only with regulating their own
economies. As times have changed, goods, people, and money now move more
freely throughout the world. These changes reflect the idea of _____. - ANSWER: a
global economy
Of the many reasons companies decide to expand internationally, what do all the
reasons have in common? - ANSWER: They help the company make or save money.
What are two ways the Internet and World Wide Web give a small business the
ability to go global? - ANSWER: A small business can adjust to changes in the
business environment quicker.
It is easier to get started because products can be sold online.
Maquiladoras are - ANSWER: foreign-owned manufacturing plants that operate in
Mexico in exchange for employing Mexican citizens.
Which of these are identified as being important skills workers will need in a globally
connected world? - ANSWER: ability to sense and respond to new contexts
adaptability to changing circumstances
linguistic skills
Outsourcing is - ANSWER: using suppliers outside the company to provide goods and
services
A company that has operations in several countries is called a(n) ______. - ANSWER:
multinational corporation
Reasons for global outsourcing, or offshoring, include that the foreign supplier -
ANSWER: has labor that is cheaper than American labor
has resources not available in the U.S.
has special expertise
Another way to describe ethnocentrism is as a narrow view in which people see
things solely through their own perspective. This is called _____. - ANSWER:
parochialism
When a company obtains goods from outside the country, to be resold in domestic
markets, it is using _____. - ANSWER: importing
True or false: It is always profitable for a company to expand internationally when it
has the means to do so. - ANSWER: false
The practice of producing goods domestically and selling them outside the country is
referred to as _______. - ANSWER: exporting
Which of the five reasons to expand internationally would a company's use of
maquiladoras satisfy? - ANSWER: lower labor costs
P. Robbins, Verified Chapters 1 - 18, Complete Newest Version
True or false: Currently, the United States exports more than it imports. - ANSWER:
false
Three important developments in globalization are the: - ANSWER: rise of the "global
village" and electronic commerce
rise of both megafirms and Internet-enabled minifirms worldwide
world's becoming one market instead of many national ones
What two things are credited with creating the "global village?" - ANSWER:
convenient air travel
electronic media
Which of these events are credited with setting up the conditions by which the
global economy - goods, people, and money moving freely throughout the world -
could flourish? (Check all that apply.) - ANSWER: The fall of the Berlin Wall
Asian countries opening their economies to foreign investors
The worldwide trend of governments deregulating their economies
The Internet and World Wide Web allow almost any business to be global. What are
two important results of this process? - ANSWER: Small companies can maneuver
faster.
Small companies can get started more easily.
When forced to select between a US-produced product and a less expensive
imported product, _____ of Americans say they would choose the cheaper option. -
ANSWER: two-thirds
The ability to operate in different cultures is the definition of _____. - ANSWER:
cross-cultural awareness
The trend of the world economy toward becoming a more interdependent system is
referred to as _______. - ANSWER: globalization
Wal-Mart is an example of a(n) ______ because it is a business with operations in
multiple countries. - ANSWER: multinational corporation
The "shrinking" of time and space as air travel and the electronic media make it
easier for people of the world to communicate with one another refers to _____. -
ANSWER: the global village
_____ managers believe that their native country, culture, language, and behavior
are superior to all others. - ANSWER: Ethnocentric
, History shows that countries used to be concerned only with regulating their own
economies. As times have changed, goods, people, and money now move more
freely throughout the world. These changes reflect the idea of _____. - ANSWER: a
global economy
Of the many reasons companies decide to expand internationally, what do all the
reasons have in common? - ANSWER: They help the company make or save money.
What are two ways the Internet and World Wide Web give a small business the
ability to go global? - ANSWER: A small business can adjust to changes in the
business environment quicker.
It is easier to get started because products can be sold online.
Maquiladoras are - ANSWER: foreign-owned manufacturing plants that operate in
Mexico in exchange for employing Mexican citizens.
Which of these are identified as being important skills workers will need in a globally
connected world? - ANSWER: ability to sense and respond to new contexts
adaptability to changing circumstances
linguistic skills
Outsourcing is - ANSWER: using suppliers outside the company to provide goods and
services
A company that has operations in several countries is called a(n) ______. - ANSWER:
multinational corporation
Reasons for global outsourcing, or offshoring, include that the foreign supplier -
ANSWER: has labor that is cheaper than American labor
has resources not available in the U.S.
has special expertise
Another way to describe ethnocentrism is as a narrow view in which people see
things solely through their own perspective. This is called _____. - ANSWER:
parochialism
When a company obtains goods from outside the country, to be resold in domestic
markets, it is using _____. - ANSWER: importing
True or false: It is always profitable for a company to expand internationally when it
has the means to do so. - ANSWER: false
The practice of producing goods domestically and selling them outside the country is
referred to as _______. - ANSWER: exporting
Which of the five reasons to expand internationally would a company's use of
maquiladoras satisfy? - ANSWER: lower labor costs
