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Central New Mexico Community College - MGMT 328International MGMT. Graded A
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Central New Mexico Community College - MGMT 328International MGMT

·         Question 1

1 out of 1 points

According to one of the three views of globalization, globalization is _____.​

 

·         Question 2

1 out of 1 points

Which of the following is true of emerging economies?​

 

·         Question 3

Needs Grading

The global economy may be viewed as a pyramid. The growing number of opportunities at the base of the pyramid highlights the role this bottom tier will play in the years to come. How would an individualtake advantage of this often-ignored level if he or she was occupying a top management position at a prominent MNE?​

·         Question 4

1 out of 1 points

Which of the following statements is true of the rapid globalization in the 1990s and the 2000s?​

 

·         Question 5

1 out of 1 points

​MaltHanks Inc., a leading American firm, startsits operations in China. It incurs a lot of additional costs in comparison to the local firms. These costs originate in limited local knowledge and local stakeholders’ discriminatory attitudes. Which of the following best describes the problem faced by MaltHanks?

 

·         Question 6

1 out of 1 points

Which of the following statements is true of expatriate managers?​

 

Response Feedback:

Correct. In order to set oneselfapart as an ideal candidate to be selected for an executive position, oneneeds to demonstrate that you are interested in global business and have mastered such knowledge during your education. This is especially true if you are interested in gaining experience as an expatriate manager, a manager who works abroad.See 1-2: Why study Global Business?

·         Question 7

1 out of 1 points

George and John are both managers at Routen Plan Inc. based in Washington, but only George receives a significant international premium compensation as he is an expatriate manager of Routen Plan, Germany.

 

·         Question 8

1 out of 1 points

Which of the following statements is true of international premium?​

 

Response Feedback:

Correct. Expats often command a significant international premium in compensation—a significant pay raise when working overseas. In US firms, their total compensation package is approximately $250,000 to $300,000. See 1-2: Why study Global Business?

·         Question 9

1 out of 1 points

Individuals who make less than $2000 a year comprise the base of the pyramid (BoP).

 

·         Question 10

1 out of 1 points

​Which of the following statements is true of foreign direct investment?

 

Response Feedback:

Correct.Foreign direct investment is the process of investing in, controlling, and managing value-added activities in other countries. Multinational enterprises engage in foreign direct investment. See 1-1: What is Global Business

Tuesday, January 10, 2017 1:29:32 PM MST

·         Question 1

1 out of 1 points

Which of the following is a factor behind English being accepted as the global business language?

 

Response Feedback:

REF:   p. 35

OBJ:   3.2                

NAT:  AACSB: Tier 1 Diversity | Tier 2 Group Dynamics

·         Question 2

1 out of 1 points

You as a student studying this book are advised to invest in your career by doing the following except:

 

Response Feedback:

REF:   p. 45

OBJ:   3.8                

NAT:  AACSB: Tier 1 Reflective Thinking | Tier 2 Strategy

·         Question 3

1 out of 1 points

Which of the following is NOT one of the three "middle-of-the-road" guiding principles proposed by business ethicist Thomas Donaldson?

 

Response Feedback:

REF:   pp. 42-43

OBJ:   3.5                

NAT:  AACSB: Tier 1 Ethics | Tier 2 Ethical Responsibilities

·         Question 4

1 out of 1 points

An American firm operating in the Middle East struggles with enforcing rules against sexual discrimination against Muslim women working in its management. This is an example of:

 

Response Feedback:

REF:   p. 42

OBJ:   3.5                

NAT:  AACSB: Tier 1 Ethics | Tier 2 Ethical Responsibilities

·         Question 5

1 out of 1 points

Which of the following set of clusters includes ALL countries?

 

Response Feedback:

REF:   pp. 38-39

OBJ:   3.3                

NAT:  AACSB: Tier 1 Diversity | Tier 2 Strategy

·         Question 6

1 out of 1 points

What is a disadvantage of English being widely adopted as a global business language?

 

Response Feedback:

REF:   p. 36

OBJ:   3.2                

NAT:  AACSB: Tier 1 Diversity | Tier 2 Environmental Influences

·         Question 7

1 out of 1 points

Which of the following is the law enacted in 1977 that bans bribery to foreign officials?

 

Response Feedback:

REF:   p. 43

OBJ:   3.6                

NAT:  AACSB: Tier 1 Reflective Thinking | Tier 2 Legal Responsibilities

·         Question 8

1 out of 1 points

A(n) ____ is a set of guidelines for helping a firm make ethical decisions:

 

Response Feedback:

REF:   p. 42

OBJ:   3.5                

NAT:  AACSB: Tier 1 Analytic | Tier 2 Ethical Responsibilities

·         Question 9

1 out of 1 points

Which of the following is NOT an influential set of clusters outlined in the text?

 

Response Feedback:

REF:   p. 38

OBJ:   3.3                

NAT:  AACSB: Tier 1 Diversity | Tier 2 Strategy

·         Question 10

1 out of 1 points

Which of the following is not one of the five dimensions outlined in the Dimensions Approach?

 

Response Feedback:

REF:   pp. 39-41

OBJ:   3.3                

NAT:  AACSB: Tier 1 Diversity | Tier 2 Motivational Concepts

·         Question 1

0 out of 1 points

Which of the following is NOT an intangible asset?

·         Question 2

1 out of 1 points

A global business perspective that deals with internal strengths and weaknesses is also called:

 

Response Feedback:

REF:   p. 50

OBJ:   Intro              

NAT:  AACSB: Tier 1 Communication | Tier 2 Creation of Value

·         Question 3

1 out of 1 points

Which of the following is NOT a tangible asset?

 

Response Feedback:

REF:   p. 51

OBJ:   4.1                

NAT:  AACSB: Tier 1 Analytic | Tier 2 Creation of Value

·         Question 4

1 out of 1 points

Turning over an organizational activity to a domestic firm is also called:

 

Response Feedback:

REF:   p. 54

OBJ:   4.3                

NAT:  AACSB: Tier 1 Communication | Tier 2 Creation of Value

·         Question 5

1 out of 1 points

An examination as to whether a firm has the resources and capabilities to perform a particular activity in a manner superior to competitors is:

 

Response Feedback:

REF:   p. 52

OBJ:   4.2                

NAT:  AACSB: Tier 1 Communication | Tier 2 Creation of Value

·         Question 6

1 out of 1 points

Turning over an organizational activity to an outside supplier that will perform it on behalf of the local firm is also called:

 

Response Feedback:

REF:   p. 53

OBJ:   4.3                

NAT:  AACSB: Tier 1 Reflective Thinking | Tier 2 Group Dynamics

·         Question 7

0 out of 1 points

Observable and easily quantified assets are:

·         Question 8

1 out of 1 points

The view in global business which deals with external opportunity threats is also called:

 

Response Feedback:

REF:   p. 50

OBJ:   Intro              

NAT:   AACSB: Tier 1 Analytic | Tier 2 Strategy

·         Question 9

1 out of 1 points

The combination of resources and assets that enables a firm to gain a competitive advantage is also called:

 

Response Feedback:

REF:   p. 57

OBJ:   4.5                

NAT:  AACSB: Tier 1 Analytic | Tier 2 Creation of Value

·         Question 10

1 out of 1 points

Setting up subsidiaries abroad when the work is done in-house only at the foreign location is also called:

 

Response Feedback:

REF:   p. 54

OBJ:   4.3                

NAT:  AACSB: Tier 1 Diversity | Tier 2 Creation of Value

·         Question 1

1 out of 1 points

The factor endowment theory is identified as:

 

Response Feedback:

REF:   p. 67

OBJ:   5.2                

NAT:  AACSB: Tier 1 Reflective Thinking | Tier 2 Strategy

·         Question 2

1 out of 1 points

Which of the following is the first theory to incorporate dynamic changes in patterns of trade?

 

Response Feedback:

REF:   p. 71

OBJ:   5.2                

NAT:   AACSB: Tier 1 Analytic | Tier 2 Strategy

·         Question 3

1 out of 1 points

What determines the success and failure of a firm's exports around the globe?

 

Response Feedback:

REF:   pp. 76-77

OBJ:   5.4                

NAT:  AACSB: Tier 1 Analytic | Tier 2 Strategy 

·         Question 4

1 out of 1 points

The national competitive advantage of industries depends on:

 

Response Feedback:

REF:   p. 70

OBJ:   5.2                

NAT:   AACSB: Tier 1 Analytic | Tier 2 Strategy

·         Question 5

1 out of 1 points

The relative advantage in one economic activity that one nation enjoys in comparison with other nations is known as:

 

Response Feedback:

REF:   p. 66

OBJ:   5.2                

NAT:   AACSB: Tier 1 Analytic | Tier 2 Strategy

·         Question 6

1 out of 1 points

The idea that governments should actively protect domestic industries from imports and vigorously promote exports represents:

 

Response Feedback:

REF:   p. 64

OBJ:   5.2                

NAT:  AACSB: Tier 1 Reflective Thinking | Tier 2 Strategy

·         Question 7

1 out of 1 points

The birth of modern economics and the forerunner of the free trade movement are strengths and influences of:

 

Response Feedback:

REF:   p. 64

OBJ:   5.2                

NAT:  AACSB: Tier 1 Reflective Thinking | Tier 2 Strategy

·         Question 8

1 out of 1 points

Political arguments against free trade include:

Selected Answer:

d. 

National security, consumer perception, foreign policy, and environmental and social responsibility

Answers:

a. 

National security and consumer perception

b. 

Foreign policy and environmental and social responsibility

c. 

Foreign policy and national security

d. 

National security, consumer perception, foreign policy, and environmental and social responsibility

 

Response Feedback:

REF:   p. 74 | p. 76

OBJ:   5.3                

NAT:  AACSB: Tier 1 Reflective Thinking | Tier 2 Strategy

·         Question 9

1 out of 1 points

Widely practiced during the 1600s and 1700s, ____ viewed international trade as a zero-sum game.

 

Response Feedback:

REF:   p. 64

OBJ:   5.2                

NAT:   AACSB: Tier 1 Analytic | Tier 2 Strategy

·         Question 10

1 out of 1 points

An economic theory that accounts for changes in the patterns of trade over time is known as:

 

Response Feedback:

REF:   pp. 68-69

OBJ:   5.2                

NAT:   AACSB: Tier 1 Analytic | Tier 2 Strategy

Tuesday, January 10, 2017 1:30:39 PM MST

·         Question 1

1 out of 1 points

What is a sovereign wealth fund?

 

Response Feedback:

REF:   p. 90

OBJ:   Debate          

NAT:  AACSB: Tier 1 Reflective Thinking | Tier 2 Strategy

·         Question 2

1 out of 1 points

Costs of FDI to home countries primarily center on:

 

Response Feedback:

REF:   p. 90

OBJ:   6.6                

NAT:  AACSB: Tier 1 Analytic | Tier 2 Operations Management

·         Question 3

1 out of 1 points

____ suggests that FDI, unrestricted by government intervention, will enable countries to tap into their absolute or comparative advantage by specializing in the production of certain goods or services.

 

Response Feedback:

REF:   p. 87

OBJ:   6.6                

NAT:  AACSB: Tier 1 Analytic | Tier 2 Legal Responsibilities

·         Question 4

1 out of 1 points

Which of the following statements is correct?

 

Response Feedback:

REF:   pp. 88-89

OBJ:   6.6                

NAT:  AACSB: Tier 1 Reflective Thinking | Tier 2 Strategy

·         Question 5

1 out of 1 points

If BMW chooses to have some FDI in China, instead of selling its technology to a Chinese firm for a fee, this is an example of:

 

Response Feedback:

REF:   p. 82

OBJ:   6.2                

NAT:  AACSB: Tier 1 Reflective Thinking | Tier 2 Group Dynamics

·         Question 6

1 out of 1 points

Knowledge that can be written down and transferred without losing much of its richness is known as:

 

Response Feedback:

REF:   p. 84

OBJ:   6.3                

NAT:  AACSB: Tier 1 Communication | Tier 2 Creation of Value

·         Question 7

1 out of 1 points

The share of FDI-based value added of foreign affiliates of MNEs in world GDP:

 

Response Feedback:

REF:   p. 82

OBJ:   6.1                

NAT:  AACSB: Tier 1 Communication | Tier 2 Creation of Value

·         Question 8

1 out of 1 points

Between the 1950s and the early 1980s, the radical view was influential throughout:

 

Response Feedback:

REF:   p. 87

OBJ:   6.6                

NAT:  AACSB: Tier 1 Diversity | Tier 2 Legal Responsibilities

·         Question 9

1 out of 1 points

When entering foreign markets, basic entry choices include:

 

Response Feedback:

REF:   p. 82

OBJ:   6.3                

NAT:   AACSB: Tier 1 Analytic | Tier 2 Strategy

·         Question 10

1 out of 1 points

Agglomeration advantages stem from:

 

Response Feedback:

REF:   pp. 84-85

OBJ:   6.4                

NAT:  AACSB: Tier 1 Reflective Thinking | Tier 2 Strategy

Tuesday, January 10, 2017 1:30:57 PM MST

·         Question 1

0 out of 1 points

____ allow participants to buy and sell currencies now for future delivery.

·         Question 2

1 out of 1 points

The ____ is defined as the difference between the offered price and the bid price.

 

Response Feedback:

REF:   p. 106

OBJ:   7.3                

NAT:   AACSB: Tier 1 Analytic | Tier 2 Strategy

·         Question 3

1 out of 1 points

Which of the following is most focused on currency diversification?

 

Response Feedback:

REF:   pp. 107-108

OBJ:   7.3                

NAT:  AACSB: Tier 1 Reflective Thinking | Tier 2 Strategy

·         Question 4

1 out of 1 points

Which of the following best describes a rate in which selective government intervention works hand-in-hand with allowing markets the freedom to work themselves out?

 

Response Feedback:

REF:   p. 100

OBJ:   7.1                

NAT:  AACSB: Tier 1 Reflective Thinking | Tier 2 Environmental Influences

·         Question 5

1 out of 1 points

What measure did worried Latin American governments take to restrain the value of their currencies?

 

Response Feedback:

REF:   p. 96

OBJ:   Opening Case                                

NAT:  AACSB: Tier 1 Reflective Thinking | Tier 2 Environmental Influences

·         Question 6

1 out of 1 points

Which of the following is NOT one of the components of the balance of payments?

 

Response Feedback:

REF:   p. 99

OBJ:   7.1                

NAT:  AACSB: Tier 1 Analytic | Tier 2 Environmental Influences

·         Question 7

1 out of 1 points

If a country's interest rate is high relative to other countries, the country will:

 

Response Feedback:

REF:   p. 99

OBJ:   7.1                

NAT:  AACSB: Tier 1 Reflective Thinking | Tier 2 Environmental Influences

·         Question 8

1 out of 1 points

Rating: A+
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