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Exam 5: Managing in the Global Arena

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Question 1

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In South Korean society,business success is pursued through people who work as a team.Managers believe that good interpersonal relationships among the members of a team are necessary for success.What can be inferred from this?

A) South Korean society has a long-term orientation.
B) South Korea has high power distance.
C) South Korea is low on uncertainty avoidance.
D) South Korea has strong masculine values.
E) South Korea is a collectivist culture.

F) B) and E)
G) A) and D)

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Question 2

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Transnational organizations are also called ________ corporations.

A) global
B) multinational
C) international
D) domestic
E) pan-national

F) B) and C)
G) C) and D)

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Question 3

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A multinational corporation is a company that is primarily based in one country but has continuing transactions in other countries.

Walt is a United States citizen who has been promoted to a management position in Japan.In this new role,Walt is a(n) ________.

BLT is a sandwich chain based in Boston.It gained popularity due to word-of-mouth publicity and it is now opening branches in New Jersey and Connecticut as well.The company sources all its raw materials locally and makes it a point to use sustainable practices.If BLT ________,it would be considered a multinational company.

Host-country nationals do not need to be relocated or undergo training in the culture,language,or tax laws of the country where the organization is doing business.

Citizens of a country who work in a foreign-based organization located in their own country are known as ________.

Which one of the following is true according to Hofstede's method of describing culture?

A company that merely exports products to a foreign country cannot be considered a multinational corporation.

When a company provides an expatriate with information on how to survive the difficulties of adjusting to a new culture,the company is providing training in ________.

Which of the following countries is a member of the APEC?

A Belgium-based multinational company hires the best managers for its operations,regardless of the location of those managers.This company is said to have a(n) ________.

Discuss the value Hofstede's cultural dimensions offer to management of multinational organizations.

Walt is a United States citizen managing a business unit in Japan working for an organization headquartered in Germany.In this role,Walt is a(n) ________.

The European Union is an example of an international market agreement.

APEC was established in 1989 to further the economic growth and prosperity of the ________ community.

Which of the following would not typically be included in training designed to prepare expatriates for their international assignments?

The ________ attitude reflects the belief that because foreign managers are closer to foreign organizational units,they understand them better,and therefore foreign management practices are more insightful than home-country management practices.

________ in multinational corporations requires that standards be set,performance be measured and compared to standards,and corrective action be taken if necessary.

Joe is a citizen of Sri Lanka who lives and works for a company in Brazil.He is considered to be a(n) ________.