Business Questions

An American firm operating in the Middle East has a tough time enforcing rules against sexual discrimination of Muslim women working in its management. Which describes the American firm's stand against enforcing local norms? * ethical imperialism* ethical relativism* xenocentrism * cultural relativism

In ___ cultures, the unspoken context is as important as the words used during communication* low-context* individualistic* high-context* collectivist

Which of the following is true of OEMs?* it does not include final assembly in its value chain* it does not include marketing in its value chain* it does not include procurement of components in its value chain* it includes research and development in its value chain

Which of the following descriptions summarizes ethical imperialism?* it is a perspective that ethical standards can never be codified* it is a perspective that there is only one set of ethics* it is a perspective that each firm should cultivate its own ethics* it is a perspective that ethical standards are relative

Which of the following is true of private ownership?* firms are established by entrepreneurs, owners, and investors* management appointments are made by gov. officials & bureaucrats who may also use non-economic criteria* firm's objective would be to find "fair" deal for all stakeholders* firms deemed "too big to fail" may be supported by taxpayer dollars indefinitely

Which of the following languages is considered the lingua franca of global business?* english* french* chinese* spanish

The ____ view suggests that the success and failure of firms are largely determined by their environments.* capability-based* institution-based* stakeholder-based* resource-based

A firm that has adopted an accommodative strategy for ethical challenges in business ___* anticipates institutional changes and does more than is required* admits responsibility but does the least that is required* accepts responsibility and does all that is required* denies responsibility and does less than required

In a collectivist society, ___* family units are highly valued* individual identity is considered separate from his or her group* individual achievement and freedom are highly valued* ties between individuals are relatively loose

A liability of foreignness is the inherent disadvantage faced by ___* domestic firms against other domestic firms that have engaged in global business* foreign firms in host nations due to their non-native status* domestic firms from foreign firms setting up in their country* foreign firms from their home country governments

The ___ is measured as the sum of value added by resident firms, households, and governments operating in an economy* gross national product* gross national income* gross domestic product* national reserve

Which of the following countries is included in BRIC?* belgium* russia* italy* canada

Which of the following countries is represented in the Triad of the global economic pyramid?* india* china* japan* russia

Which of the following is a characteristic of high masculinity societies?* men frequently assume the role of nurses, teachers, and househusbands* women are more likely to become politicians and soldiers* Managers are less visible, intuitive rather than decisive, and accustomed to seeking consensus* there is a sharp role differentiation along gender lines

Which of these tips is good advice for collectivist to follow then interacting with individualists?* to ensure that negotiations go your way, give large monetary gifts to those you do business with* expect to be respected because of your age, salary, or position* do not be surprised if negotiations are nonexistent and decisions are made instantly* expect that the group will always be more highly valued than the individual

Australia is a high individuals culture. From this you can deduce that they are also* a high power distance culture* a high-context communication culture * none of the above/below* a low power-distance culture

In an individualistic society, ___* an individual's identity is fundamentally tied to the identity of his/her group* an individual's identity is fundamentally his or her own* collective accomplishments are more important than individual accomplishments* ties between individual are very strong

The ___ view focuses on the dynamic interactions between law, cultures, and ethics of a country and a firm, and considers firm behaviors as the outcome of such an interaction* internal strength-based* competency-based* institution-based* resource-based

A conversion determines the equivalent amount of goods and services that different currencies can buy is known as ___* purchasing power parity* foreign exchange rate* country's deficit* gross domestic product

Which of the following is one of the five dimensions outlined in the Dimensions Approach?* language* religion* work ethics* uncertainty avoidance