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Exam 4: Global Management Managing Across Borders

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Question 41

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Fresh Toppings is based in Sacramento, California and has restaurants in 25 countries. In the United States, Fresh Toppings would be viewed as which of the following?

A) multinational corporation
B) conglomerate
C) multinational organization
D) international enterprise
E) foreign firm

F) A) and B)
G) A) and C)

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Question 42

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This question has two parts; be sure to answer both. First, describe the five benefits for companies of expanding internationally. Second, imagine that you are the CEO of REDO, a highly successful company that remodels and redecorates houses in the United States. The company also manufactures its own line of furniture, draperies, and home furnishings. Give an example of at least one way REDO might take advantage of each of these benefits.

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The benefits of expanding internationall...

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Question 43

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Which of the following statements is FALSE?

Pietro, the vice president of marketing, is talking to Ryan, a sales manager in a foreign office, about several local situations that Ryan's reps are facing in their territory. Pietro tells Ryan that he believes there are differences and similarities between home and foreign personnel and practices, and that Ryan should use whatever techniques are most effective. Pietro is a(n) ________ manager.

Acme, Inc., which manufactures the fireworks that municipal governments buy to put on their annual fireworks shows on the Fourth of July, moved most of its manufacturing operations from the United States to China a decade ago. Now, Spark is moving production back to the United States because the company's managers are uncomfortable with many Chinese business practices. Acme, Inc. engages in ________ when it moves its operations back to the United States.

Simply Imagine wants to grow their company but is hindered by increasing labor costs and import quotas. Simply Imagine should consider becoming a(n)

According to the findings of the GLOBE project, which country would be considered most assertive?

Great systems of ________ are the hallmark of great civilizations.

According to Rosabeth Moss Kantor of the Harvard Business School, which three events of the 1980s paved the way for the global economy?

Craig owns an international grocery store in New York, the World Market. He has benefited highly from the trading bloc that allows him to purchase food products from Central American nations at a nice discount. With many of his customers from Costa Rica, the Dominican Republic, and Guatemala, he is particularly grateful for ________, a trading bloc.

During the Cold War, the U.S. had a(n) ________with anyone importing Cuban cigars and sugar.

Discuss the purpose of each of these organizations: The World Trade Organization, World Bank, and International Monetary Fund.

Hayley, from California, arrived in Saudi Arabia and immediately noticed that the way Saudi men treat women is vastly different than the way men in the United States treat women. Hayley was feeling uncomfortable and disoriented because she was experiencing

________ is prevented by quotas.

This question has two parts; be sure to answer both. First, define the concept of global economy. Second, explain the three historic global changes, discussed by Rosabeth Moss Kantor of the Harvard Business School, that set the stage for globalization.

The IMF has

Sometimes a country's laws forbid foreigners from owning a business in the nation. In the presence of such laws, a(n) ________ is one way for an American company to have a presence in that foreign country.

What is NAFTA? In your description of NAFTA include the following: which nations belong to NAFTA, its purpose, its benefits, and its issues.

While in Italy, Sam was able to communicate important information to Fred, his business partner, via e-mail. Later that day, Sam remarked to Fred about how helpful it was that he was able to return to their office in New York in less than nine hours. The "global village" refers to this "shrinking" of time and space as air travel and the electronic media have made it easier for people around the globe to communicate with one another.

Deondre, who owns an investment firm with customers worldwide, has witnessed how dangerous global economic interdependency can be. During a lunch meeting, he mentioned to a customer, "In my opinion, ________ have been two negative effects of global economic interdependency for the United States."