Question 1

The Earl of Sandwich is a fast food venture that offers healthy,whole-food,and vegetarian alternatives to traditional sandwiches.The company,which was founded in 2000,had expanded to 45 locations in the United States by 2010.Between 2010 and 2017,the company expanded to the international market,with 10 locations in Western Europe.Now Anjali,the CEO,is considering expanding into the Latin American market,with a new location in Santamaria.Anjali meets with her team to discuss researching the Santamarian market.What do you think is the first task the team should complete when making a decision about the viability of opening a location in Santamaria?

Accepted Answer

A)  an investigation into how NAFTA and CAFTRA will affect the process of opening a franchise in Santamaria
B)  an investigation into how widespread bribery and white-collar crime are in Santamaria compared to other Latin American countries
C)  a report on the shifting cultural milieu of Santamaria,in which there is a growing demand for new products and services.
D)  an investigation into Santamarian policies regarding preservation of the natural environment and health issuesE) A) and B)
F) A) and C)

Question 2

Which of the following characteristics is most likely associated with an international executive?

Accepted Answer

A)  ethnocentric
B)  flexible
C)  overconfident
D)  fainthearted
E)  close-mindedF) A) and C)
G) All of the above

Question 3

Describe the advantages and disadvantages of joint ventures.

Accepted Answer

Student answers will vary but should dem...

Question 4

Which of the following is a major exporter of petroleum,or oil?

Accepted Answer

A)  Australia
B)  the Middle East
C)  Japan
D)  the South Pacific
E)  IndiaF) B) and E)
G) A) and D)

Question 5

One of the drawbacks of exporting is

Accepted Answer

A)  loss of scale economies.
B)  decreased scale volume.
C)  loss of control over quality.
D)  high transportation costs.
E)  loss of control over technology.F) A) and C)
G) All of the above

Question 6

Discuss how an organization should identify the best strategy for competing in a global marketplace and the four approaches typically used.

Accepted Answer

Student answers will vary but should sho...

Question 7

The international model of organizational structure involves

Accepted Answer

A)  large low-cost manufacturing facilities located in selected locations,with products exported to various subsidiaries.
B)  subsidiaries located in countries where the company does business,with much of the control exercised by the parent company.
C)  subsidiaries located in countries where the company does business,with much of the control exercised by the subsidiaries.
D)  manufacturing various components at appropriate sites and assembling the components at national subsidiaries.
E)  farming out core functions,such as research and development,to subsidiaries around the world.F) A) and B)
G) B) and E)

Question 8

A major disadvantage of operating a wholly owned subsidiary is that

Accepted Answer

A)  a loss of control over technology is likely to occur.
B)  a wholly owned subsidiary offers too much flexibility over operations.
C)  high costs and risk are associated with this type of operation.
D)  overseas consumers are often resentful of foreigners.
E)  host countries can impose higher tariffs on the firm.F) A) and B)
G) All of the above

Question 9

Mykal's company used to have one of its clothing lines manufactured by an outside supplier.That line is now manufactured at a new factory built by Mykal's company.This change is an example of

Accepted Answer

A)  offshoring.
B)  outsourcing.
C)  inshoring.
D)  insourcing.
E)  offsourcing.F) B) and E)
G) All of the above

Question 10

An organizational model that consists of a company's overseas subsidiaries and is characterized by centralized decision making and tight control by the parent company over most aspects of worldwide operations is known as the ________ model.

Accepted Answer

A)  international
B)  multinational
C)  global
D)  transnational
E)  intranationalF) B) and E)
G) A) and B)

Question 11

Which of the following countries has become an important provider of online technological support for the United States?

Accepted Answer

A)  Egypt
B)  Great Britain
C)  India
D)  Mexico
E)  TaiwanF) All of the above
G) B) and E)

Question 12

Scenario D: Nicola has been sent to Urlandia for a one-month project.While at work,Nicola's Urlandian co-workers talk about getting their nails done and how they went dancing over the weekend,which Nicola disapproved of.To Nicola,their behavior seemed inappropriate and wrong.She also found it difficult to adapt to the new environment and to eat with a spoon and knife at lunch,which was customary in Urlandia,rather than with the spear-like utensils of her home country.
-By finding it difficult to use cutlery and adapt to the new environment,Nicola is exhibiting

Accepted Answer

A)  culture shock.
B)  cognitive dissonance.
C)  individualism.
D)  collectivism.
E)  uncertainty avoidance.F) D) and E)
G) C) and E)

Question 13

A disadvantage of licensing is that the licensing company

Accepted Answer

A)  may lose control over its technology.
B)  takes on greater political risk.
C)  takes on greater development costs.
D)  realizes higher profit margins.
E)  bears most of the risks associated.F) A) and D)
G) B) and D)

Question 14

NAFTA combined the economies of ________ into one of the world's largest trading blocs.

Accepted Answer

A)  the United States,Canada,and Mexico
B)  Canada,Mexico,and South America
C)  South America,the United States,and Central America
D)  Latin America,the Pacific Rim,and the European Union
E)  the United States,the European Union,and CanadaF) A) and E)
G) D) and E)

Question 15

Explain the present and future consequences of China's rapid economic growth.

Accepted Answer

Student answers will vary but should dem...

Question 16

Which of the following existing agreements includes Costa Rica,Nicaragua,and the United States?

Accepted Answer

A)  NAFTA
B)  CAFTA-DR
C)  FTAA
D)  APEC
E)  ASEANF) D) and E)
G) B) and E)

Question 17

Scenario C: Nora is from Grand Fenwick and has just accepted her first international assignment in Auroria.On her first day in the office,she met several new colleagues.Dev is the manager of the office and is a citizen of Auroria;he has been with the company for five years.Eiji is from Japan and has also just come to Auroria to work for the company,which is based in Grand Fenwick.
-In Scenario C,Dev can be best described as a(n)

Accepted Answer

A)  third-country national.
B)  host-country national.
C)  globalite executive.
D)  expatriate.
E)  inpatriate.F) A) and B)
G) A) and E)

Question 18

Which of the following is an advantage of the international model?

Accepted Answer

A)  It facilitates the transfer of skills from the parent company to the subsidiaries.
B)  It provides maximum latitude to research and development functions.
C)  It provides the opportunity to achieve a low-cost position via scale economies.
D)  It requires a minimum amount of effort and coordination by the parent company.
E)  It transfers ultimate control of the company to the subsidiaries.F) None of the above
G) A) and C)

Question 19

Which of the following methods of entering global competition best allows a company to have operations in other countries and maintain tight control over them?

Accepted Answer

A)  exporting
B)  licensing
C)  a joint venture
D)  franchising
E)  a wholly owned subsidiaryF) A) and E)
G) A) and B)

Question 20

Discuss the four dimensions identified by Geert Hofstede to analyze cultural differences among countries.Explain the classification for a country of your choice using Hofstede's model.

Accepted Answer

Student answers will vary but should dem...

Exam 6: International Management

An organizational model that consists of a company's overseas subsidiaries and is characterized by centralized decision making and tight control by the parent company over most aspects of worldwide operations is known as the ________ model.

Correct Answer
verified

Explain the present and future consequences of China's rapid economic growth.

Correct Answer
verified
Student answers will vary but should dem...
View Answer

Correct Answer
verified

Discuss the four dimensions identified by Geert Hofstede to analyze cultural differences among countries.Explain the classification for a country of your choice using Hofstede's model.

Correct Answer
verified
Student answers will vary but should dem...
View Answer

Which of the following is an advantage of the international model?

Correct Answer
verified

Correct Answer
verified

One of the drawbacks of exporting is

Correct Answer
verified

Which of the following characteristics is most likely associated with an international executive?

Correct Answer
verified

Discuss how an organization should identify the best strategy for competing in a global marketplace and the four approaches typically used.

Correct Answer
verified
Student answers will vary but should sho...
View Answer

Which of the following countries has become an important provider of online technological support for the United States?

Correct Answer
verified

Mykal's company used to have one of its clothing lines manufactured by an outside supplier.That line is now manufactured at a new factory built by Mykal's company.This change is an example of

Correct Answer
verified

Which of the following existing agreements includes Costa Rica,Nicaragua,and the United States?

Correct Answer
verified

A disadvantage of licensing is that the licensing company

Correct Answer
verified

A major disadvantage of operating a wholly owned subsidiary is that

Correct Answer
verified

Which of the following is a major exporter of petroleum,or oil?

Correct Answer
verified

Which of the following methods of entering global competition best allows a company to have operations in other countries and maintain tight control over them?

Correct Answer
verified

Describe the advantages and disadvantages of joint ventures.

Correct Answer
verified
Student answers will vary but should dem...
View Answer

Correct Answer
verified

NAFTA combined the economies of ________ into one of the world's largest trading blocs.

Correct Answer
verified

The international model of organizational structure involves

Correct Answer
verified

Exam 6: International Management

An organizational model that consists of a company's overseas subsidiaries and is characterized by centralized decision making and tight control by the parent company over most aspects of worldwide operations is known as the ________ model.

Correct AnswerverifiedShow Answer

Explain the present and future consequences of China's rapid economic growth.

Correct AnswerverifiedStudent answers will vary but should dem...View AnswerShow Answer

Correct AnswerverifiedShow Answer

Discuss the four dimensions identified by Geert Hofstede to analyze cultural differences among countries.Explain the classification for a country of your choice using Hofstede's model.

Correct AnswerverifiedStudent answers will vary but should dem...View AnswerShow Answer

Which of the following is an advantage of the international model?

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

One of the drawbacks of exporting is

Correct AnswerverifiedShow Answer

Which of the following characteristics is most likely associated with an international executive?

Correct AnswerverifiedShow Answer

Discuss how an organization should identify the best strategy for competing in a global marketplace and the four approaches typically used.

Correct AnswerverifiedStudent answers will vary but should sho...View AnswerShow Answer

Which of the following countries has become an important provider of online technological support for the United States?

Correct AnswerverifiedShow Answer

Mykal's company used to have one of its clothing lines manufactured by an outside supplier.That line is now manufactured at a new factory built by Mykal's company.This change is an example of

Correct AnswerverifiedShow Answer

Which of the following existing agreements includes Costa Rica,Nicaragua,and the United States?

Correct AnswerverifiedShow Answer

A disadvantage of licensing is that the licensing company

Correct AnswerverifiedShow Answer

A major disadvantage of operating a wholly owned subsidiary is that

Correct AnswerverifiedShow Answer

Which of the following is a major exporter of petroleum,or oil?

Correct AnswerverifiedShow Answer

Which of the following methods of entering global competition best allows a company to have operations in other countries and maintain tight control over them?

Correct AnswerverifiedShow Answer

Describe the advantages and disadvantages of joint ventures.

Correct AnswerverifiedStudent answers will vary but should dem...View AnswerShow Answer

Correct AnswerverifiedShow Answer

NAFTA combined the economies of ________ into one of the world's largest trading blocs.

Correct AnswerverifiedShow Answer

The international model of organizational structure involves

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified
Student answers will vary but should dem...
View Answer

Correct Answer
verified

Correct Answer
verified
Student answers will vary but should dem...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
Student answers will vary but should sho...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
Student answers will vary but should dem...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified