BMGT 1327 Exam 1 Review – Updated Q&A –
2025– 100% Verified Q&A for Success
Lee's Jewelry Shop has just hired a comparative shopper to visit other local jewelry stores to gain
product pricing information. What strategy is this describing?
A) Boundary spanning
B) A flexible structure
C) Increase planning and forecasting
D) Unfair practice
E) Joint venture - ✔✔A) Boundary spanning
A figure who exemplifies the deeds, character, and attributes of a corporate culture is referred to as a
_____.
A) culture
B) hero
C) story
D) symbol
E) slogan - ✔✔B) hero
Which of the following was signed by 23 nations in 1947 and started as a set of rules to ensure
nondiscrimination, clear procedures, the negotiation of disputes, and the participation of lesser
developed countries in international trade?
A) WTO
B) EU
C) USMCA
, D) GATT
E) NAFTA - ✔✔D) GATT
Companies that are world-oriented and favor no specific country _____.
A) are likely to have high uncertainty avoidance
B) are polycentric
C) are ethnocentric
D) are geocentric
E) have linguistic pluralism - ✔✔D) are geocentric
Which of the following is managed as an integrated worldwide business system in which foreign
affiliates act in close alliance and cooperation with one another?
A) Joint venture
B) Partnership
C) Subsidiary
D) None of these choices
E) Multinational corporation - ✔✔E) Multinational corporation
The natural tendency of people to regard their own culture as superior and to downgrade or dismiss
other cultural values is known as _____.
A) ethnocentrism
B) culture
C) power distance
D) individualism
E) masculinity - ✔✔A) ethnocentrism
What type of company places an emphasis on a worldwide perspective?
A) Ethnocentric
B) Egocentric
2025– 100% Verified Q&A for Success
Lee's Jewelry Shop has just hired a comparative shopper to visit other local jewelry stores to gain
product pricing information. What strategy is this describing?
A) Boundary spanning
B) A flexible structure
C) Increase planning and forecasting
D) Unfair practice
E) Joint venture - ✔✔A) Boundary spanning
A figure who exemplifies the deeds, character, and attributes of a corporate culture is referred to as a
_____.
A) culture
B) hero
C) story
D) symbol
E) slogan - ✔✔B) hero
Which of the following was signed by 23 nations in 1947 and started as a set of rules to ensure
nondiscrimination, clear procedures, the negotiation of disputes, and the participation of lesser
developed countries in international trade?
A) WTO
B) EU
C) USMCA
, D) GATT
E) NAFTA - ✔✔D) GATT
Companies that are world-oriented and favor no specific country _____.
A) are likely to have high uncertainty avoidance
B) are polycentric
C) are ethnocentric
D) are geocentric
E) have linguistic pluralism - ✔✔D) are geocentric
Which of the following is managed as an integrated worldwide business system in which foreign
affiliates act in close alliance and cooperation with one another?
A) Joint venture
B) Partnership
C) Subsidiary
D) None of these choices
E) Multinational corporation - ✔✔E) Multinational corporation
The natural tendency of people to regard their own culture as superior and to downgrade or dismiss
other cultural values is known as _____.
A) ethnocentrism
B) culture
C) power distance
D) individualism
E) masculinity - ✔✔A) ethnocentrism
What type of company places an emphasis on a worldwide perspective?
A) Ethnocentric
B) Egocentric
