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| 1 | |
The trend of the world economy toward becoming a more interdependent system is called globalization. |
| | A) | True |
| | B) | False |
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| 2 | |
Which of the following is a positive effect of the global economy? |
| | A) | job security |
| | B) | economic security |
| | C) | revitalization of industrial America |
| | D) | cultural stability |
| | E) | decreased stress for workers and business owners |
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| 3 | |
Dow Chemical, headquartered in Midland, Michigan, is a provider of plastics, chemicals, and agricultural products with operations in over 150 countries and employing about 50,000 people worldwide. Dow is an example of a(n) |
| | A) | multinational organization. |
| | B) | global operation. |
| | C) | international organization. |
| | D) | multinational corporation. |
| | E) | global firm. |
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| 4 | |
Of the three primary attitudes of international managers, being _______ takes the most work but has the greatest payoff. |
| | A) | polycentric |
| | B) | multicentric |
| | C) | ethnocentric |
| | D) | geocentric |
| | E) | isocentric |
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| 5 | |
Avoidance of tariffs and quotas and lower labor costs are among the reasons that companies expand internationally. |
| | A) | True |
| | B) | False |
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| 6 | |
A joint venture is also called a |
| | A) | strategic alliance. |
| | B) | countertrading. |
| | C) | greenfield venture. |
| | D) | franchise. |
| | E) | dually-owned subsidiary. |
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| 7 | |
When a company buys goods outside the country and resells them domestically it is called countertrading. |
| | A) | True |
| | B) | False |
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| 8 | |
The trading bloc of which Mexico is part is called |
| | A) | APEC. |
| | B) | Mercosur. |
| | C) | ASEAN. |
| | D) | CAFTA. |
| | E) | NAFTA. |
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| 9 | |
China and Mexico are ______ cultures, relying on nonverbal cues as to another person's official position, status, or family connections. |
| | A) | high-context |
| | B) | feminine |
| | C) | high power distance |
| | D) | humane oriented |
| | E) | low assertiveness |
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| 10 | |
Power distance, assertiveness, and future orientation are cultural dimensions measured by |
| | A) | the GLOBE project. |
| | B) | the World Trade Organization. |
| | C) | maquiladoras. |
| | D) | the Mercosur. |
| | E) | the European Union. |
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