Which of the following is the most common method of buying and selling goods internationally quizlet?
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Terms in this set (256)1) Which of the following is the most common method of buying and selling goods internationally? Answer: A ... 2) Which of the following steps
of the strategy development process for exports involves performing market research and interpreting results obtained from the research? Answer: A ... 3) Which of the following steps of the strategy development process for exports involves
establishing relationships with potential local distributors? Answer: C ... 4) Which of the following is the first step in developing a successful export strategy? Answer: A ... 5) Which of the following is true of distributors? Answer: D ... 6) Which of the following occurs when a company sells its products to intermediaries who then resell to buyers in a target market? Answer: A ... 7) Which of the following allows a country to earn back some of the currency it pays out for imports? Answer: B ... 8) Which of the following is the oldest known form of countertrade? Answer: D ... 9) The sale of goods and services to a country by a company that promises to buy a specific product from that country in the future is called a(n) ________. Answer: A ... 10) A company proposes that in exchange for a hard-currency sale, it will make a hard-currency purchase of an unspecified product
from the buyer nation in the future. Which of the following is the company proposing? Answer: B ... 11) An offset agreement differs from a counterpurchase agreement in that an offset agreement ________. Answer: A ... 12) ________ is a countertrade whereby one company sells to another its obligation to make a purchase in a given country. Answer: C ... 13) Buyback is defined as ________. Answer: A ... 14) A form of countertrade that usually typifies long-term relationships between the companies involved is called ________. Answer: D ... 15)
Which of the following statements is true of countertrade? Answer: A ... 16) Which of the following is a
strategic factor that influences a company's international entry mode selection? Answer: C ... 17) Which of the following statements is true of the strategic factors that influence a company's international entry mode selection? Answer: D ... Scenario: Owen's HomeCare Products 18) Through his research, Owen learns that the first step in developing a successful export strategy is ________. Answer: B ... 19)* Which of the following steps would Owen implement toward the end while developing a successful export strategy? Answer: C ... 20) *If Owen's HomeCare Products decides to sell their products to intermediaries who then resell them to buyers in target markets, the company would be engaging in ________. Answer: A ... Scenario: Wang's Techno Toys 21) Which of the following will most likely help Techno Toys sell its toys directly to buyers in the target market? Answer: B ... 38) Which of the following occurs when a company sells its products to buyers in a target market without going through intermediary companies? Answer: A ... 39) ________ take ownership of the merchandise when it enters their
country and accept all the risks associated with generating local sales. Answer: B ... 40) Companies involved in direct exporting typically rely on ________. Answer: A ... 41) A(n) ________ exports products on behalf of an indirect exporter. Answer: D ... 42) Which of the following is a method of export/import financing? Answer: D
... 43) Which of the following normally takes the form of a wire transfer of money from the bank account of the importer directly to that of the exporter prior to shipment of merchandise? Answer: C ... 44) Advance payment is commonly used for export/import
financing when ________. Answer: A ... 45) Export/import financing in which a bank acts as an intermediary without accepting financial risk is called ________. Answer: A ... 46) Which of the following financing methods entails the greatest risk for importers? ... 47) Which of the following financing methods entails the greatest
risk for exporters? Answer: D ... 48) ________ is a payment method commonly used when there is an ongoing relationship between the involved parties. Answer: B ... 49) A document ordering the importer to pay the exporter a specified sum of money at a specified time is called a ________. Answer: C ... 50) Which of the following requires an importer to pay for the imported goods when they are delivered? Answer: A ... 51) A(n) ________ becomes a negotiable instrument that can be traded among financial institutions when inscribed "accepted" by an importer. Answer: C ... 52)
Which of the following refers to a contract between the exporter and shipper that specifies merchandise destination and shipping costs? Answer: B ... 53) Which of the following is a method of export/import financing in which the importer's bank issues a document stating that the bank will pay the exporter when the exporter
fulfills the terms of the document? Answer: C ... 54) A(n) ________ allows the bank to modify the terms of the letter only after obtaining the approval of both exporter and importer. Answer: D ... 55) Which of the following letters of credit can be modified without obtaining approval from either the exporter or the importer, by the bank issuing the letter of credit? Answer: A ... 56) A(n)
________ is guaranteed by both the exporter's bank in the country of export and the importer's bank in the country of import. Answer: A ... 57) Letters of credit are popular among traders because most of the risks are assumed by ________. Answer: D ... 58) Export/import financing in which an exporter ships merchandise and later bills the importer for its value is called ________. Answer: B ... Scenario: Wang's Techno
Toys 59) In some countries, people exchange electronic goods for Techno Toys instead of paying money for them. This practice is known as ________. Answer: D ... 60) *Which of the following methods of export/import financing is Techno Toys' bank using if it acts as an intermediary without accepting financial risk? Answer: A ... Scenario: Gro-Tru Grows To Europe 61) Alistair has identified an option that might help the firm deal with the
importer's inability to pay with hard currency. The option involves selling goods or services that are paid for in whole or part with other goods or services. Which of the following methods is Alistair considering? Answer: C ... 62) *Which of the following methods would Gro-Tru be implementing if it exchanges its products directly for other
goods or services without the use of money? Answer: A ... 63) *Gro-Tru would be engaging in ________, if it decides that in exchange for a hard-currency sale it would make a hard-currency purchase of an unspecified product from the importing nation in the future. Answer: B ... 64)* One option that intrigues Alistair is the process in which one company sells to another its obligation to make a purchase in a given country. This arrangement is known as ________. Answer: C ... 65) *In his research, Alistair discovers a type of arrangement in
which industrial equipment is exported in return for products produced by that equipment. This arrangement is known as ________. Answer: D ... Scenario: Sports Stuff Inc. 66) Herb knows that much of the success his company enjoys is due to the patents and copyrights that protect the company's products. If Sports Stuff chooses an entry mode in which it grants another firm the right to use its intangible property for a specified period of time, it would be engaging in
________. Answer: C ... 67) Herb has been exploring another type of entry mode that requires ongoing assistance on the part of one firm, often in the form of start-up capital, management training, or location advice. Herb is most likely considering ________. Answer: B ... 78) Selling goods or services that are paid for, in whole or part, with other goods or services is called ________. Answer: B ... 79) Which of the following refers to the exchange of goods or
services directly for other goods or services without the use of money? Answer: B ... 80) Which of the following is a contractual entry mode? Answer: B ... 81)
Which of the following is a contractual entry mode in which a company owning intangible property grants another firm the right to use that property for a specified period of time? Answer: B ... Scenario: Sports Stuff Inc. 82) Which of the following entry modes would Sports Stuff be implementing if it hires a company to design, construct, and test a production facility on its behalf? Answer: B ... 88) Which of the following statements is true of licensing? Answer: C 89) Which of the following is a contractual entry mode in which one company supplies another with intangible property and other assistance over an extended period? Answer: A ... 90) When one company is hired
to design, construct, and test a production facility for a client, the arrangement is called ________. Answer: A ... 91) Which of the following is an investment entry mode? Answer: C ... 92) Which of the following is an advantage of wholly owned subsidiaries? Answer: A ... 93)
A ________ is a separate company created and owned by two or more independent entities to achieve a common business objective. Answer: B ... 94) Which of the following types of joint ventures involve parties investing together in downstream business activities? Answer: B ... 95) A ________ joint venture is formed when each partner requires the same component in its production process. Answer: D ... 96) Which of the following is a disadvantage of strategic alliances? Answer: C ... Scenario: Sports Stuff Inc. 97) The CEO of Sports Stuff has decided that the company needs to retain complete control over its operations in Europe. To achieve this objective, Herb would most likely recommend that the firm establish a ________. Answer: C ... 98) *The board of directors of Sports Stuff is concerned with the firm's lack of experience in foreign markets. To minimize this problem, Herb recommends that the firm create a ________ with a local partner. Answer: A ... 104) Which of the following statements best differentiates between franchising and licensing? Answer: C ... 1) Governments in developing countries impose fewer consumer protection laws in order to ________. Answer: A ... 2) All company and product brand names are made up of semantic elements or language building blocks called ________. Answer: B ... 3) ________ are imitation products passed off as legitimate trademarks, patents, or copyrighted works. Answer: B ... 4) Which of the following is true of counterfeit goods? Answer: C ... 5) Which of the following is a marketplace of underground transactions that
typically appear because a product is either illegal or tightly regulated? Answer: A ... 6) Which of the following is among the most commonly counterfeited products? Answer: B ... 7) Which of the following statements is true about international promotions? Answer: B ... 8) ________ refers to anything that disrupts the audience's ability to receive and interpret a promotional message. Answer: A ... 9) The physical path a product follows on its way to customers is called a(n) ________. Answer: A ... 10) Companies along a distribution channel that work together in delivering products to customers are called ________. Answer: B ... 23) The term ________ refers to a
company's efforts to reach distribution channels and target customers through communications such as personal selling, advertising, public relations, and direct marketing. Answer: C ... 24) ________ is a major component of a promotion mix. Answer: D ... 25) Which of the following promotional strategies is being used by a company that hires a fleet of trucks to drive through village squares and hand out free trial packages to potential end users? Answer: B 26) A promotional strategy designed to create buyer demand that will encourage channel
members to stock a company's product is called a ________. Answer: A ... 27) Which of the following is a push strategy that companies use to promote their products? Answer: D ... 28) Which of the following is a promotional strategy designed to pressure channel members to carry a product and promote it to final users? Answer: C ... 29) As a promotional strategy, manufacturers of products that are commonly
sold through department and grocery stores often use ________. Answer: A ... 30) A ________ is used for a product's promotion when there are many levels of intermediaries in its distribution channel. Answer: B ... 31) Which of the following circumstances would best require a push strategy to be implemented for product promotion? Answer: D ... 32) Which of the following circumstances would best require a pull strategy to be implemented for product promotion? Answer: B ... 33) A ________ strategy is best suited for the promotion of industrial products because potential buyers usually need to be informed about a product's special features before purchase. Answer: A ... 34) A company that makes its marketing program elements uniform, targeting an entire region with similar
products, is demonstrating ________. Answer: C ... 35) The process of sending messages about products to target markets is called ________. Answer: D ... 36) Which of the following occurs when an idea to be communicated is translated into images, words, and symbols? ... 37) Once an audience receives a message, they interpret the meaning of the message by ________ it. Answer: B ... 38) Which of the following reflects the correct sequence of the marketing communication process? Answer: B ... 39)
Which of the following communication strategies uses the same home-market product and marketing promotion in target markets? Answer: A ... 40) Which of the following communication strategies expands the same product into new
target markets but alters its marketing promotion? ... 41) Which of the following communication strategies adapts a product to the requirements of the international market while retaining its original marketing
communication? ... 42) Which of the following communication strategies adapts both the product and its marketing communication to suit the target market? Answer: D ... 43) A ________ strategy can be implemented successfully for communicating promotional messages only if a sufficiently large and profitable market segment exists. Answer: D ... 44) ________ is often necessary as a communication strategy when many important differences exist between the home and target markets. Answer: A ... 45)
Which of the following refers to planning, implementing, and controlling the physical flow of a product from its point of origin to its point of consumption? Answer: B ... Silk Industries LLC comprises two major divisions: consumer products and industrial products. The consumer product line of the company is well-recognized and consists of loyal customers worldwide. The management is considering different types of promotional strategies for the two product divisions. 46) *If Silk Industries is interested in creating buyer demand that will encourage channel members to stock its products, it should employ ________. Answer: A ... 47)
*Which of the following would be most appropriate for its consumer product line? Answer: D ... 48) *Which of the following would be most appropriate for its products sold through grocery stores? Answer: C ... 49) *If Silk Industries pressures channel members to carry a product and promote it to final users, it is using ________. ... 65) A distribution channel in which a manufacturer grants the right to sell its products to only one
or a limited number of resellers is called a(n) ________. Answer: B ... 66) A(n) ________ channel creates a barrier that makes it difficult or impossible for outsiders to penetrate. Answer: A ... 67) A(n) ________ channel gives producers a good deal of control over the sale of their product by channel members such as wholesalers and retailers. Answer: A ... 68) A distribution channel in which a producer grants the right to sell its product to many resellers is referred to as a(n) ________. Answer: D ... 69) A(n) ________ channel does not create strong barriers to channel entry for other producers, nor does it provide much control over reseller decisions such as what competing brands to sell. Answer: D ... 70) A(n) ________ channel provides buyers with location convenience because of the large number of outlets through which a product is sold. Answer: A ... 71) ________ refers to the number of intermediaries between producer and buyer. Answer: B ... 72) Which of the following is also known as direct marketing? Answer: C ... 73) A(n) ________ channel places a single intermediary between the producer and the buyer. Answer: C ... Scenario: Old World Ltd. 74) If Old World wants to grant the right to sell its furniture to only a limited number of resellers, it
should consider a(n) ________ channel. Answer: B ... 75*) If Old World wants to have its furniture sold through as many distribution outlets as possible, it should consider a(n) ________ channel. Answer: B ... 76)* Old World should pursue a(n) ________ channel if it decides to greatly intensify its direct marketing efforts. Answer: C ... 83) The value of a product relative to its weight and volume is called its ________. Answer: D ... 84) Which of the following is implied by a product with a low value density? Answer: A ... 85) Which of the following
products has a low value-density ratio? Answer: C ... 86) Which of the following is true of the value densities of products? Answer: D ... 87) A pricing policy in which one selling price is established for all international markets is called ________. Answer: C ... 88) A pricing policy in which a product has a different selling price in export markets than it has in the home market is called ________. Answer: A ... 89) When a product has a higher
selling price in the target market than it does in the home market or the country where production takes place, it is called ________. Answer: B ... 90) Which of the following refers to the price charged for products sold between a company's divisions or subsidiaries? Answer: B ... 91) The free-market price that unrelated parties charge one another for a specific product is called a(n) ________. Answer: D ... 92) Upper or lower limits placed on the prices of
products sold within a country are known as ________. Answer: A ... 93) Which of the following occurs when the price of a good is lower in export markets than it is in the domestic market? Answer: B ... Scenario: Old World Ltd. 94) If Old World adopts different selling prices in export markets than it has in the British market, it would be following a ________ pricing strategy. Answer: A ... Scenario: Scooters Inc. 95*) Ben knows that a pricing policy in which one selling price is established for all
international markets is called ________. Answer: A ... 96)* Because Scooters Inc. caters to a very narrow niche of wealthy individuals, the CEO is interested in implementing a worldwide pricing scheme. Which of the following is most likely a reason for the establishment of such a scheme? Answer: D ... 97) *Scooters Inc. has traditionally sold its products at one price in the domestic market and at another price in export markets, which is called a(n) ________
pricing strategy. Answer: C ... 1) Which of the following terms refers to the decision of whether to produce a component internally or to outsource it from another company? Answer: D ... 2) The process of assessing a company's ability to produce enough output to satisfy market demand is called ________. Answer: A ... 3) Transportation costs are one of the driving forces behind the globalization of the ________ industry. Answer: D ... 4) Which of the following statements is true regarding location economies? Answer: C ... 5) ________ refers to the concentration of production facilities in one location. Answer: C ... 6) ________ refers to a situation in which facilities are spread over
several locations, with one facility for each national business environment in which the company markets its products. Answer: B ... 7) A British toy company manufactures all of its product lines in a single facility in Europe. Which of the following is the company demonstrating? Answer: C ... 8) An Asian jewelry company maintains production facilities in South Korea, Vietnam, and Malaysia. Which of the following is the company exemplifying? Answer: B ... 9) A company that sells differentiated products may maintain the ability to respond quickly to changing buyer preferences by utilizing ________. Answer: B ... 10) The decentralization of production facilities is a typical policy for companies that pursue
________. Answer: A ... 11) The centralization of production facilities is a typical policy for companies that pursue ________. Answer: C ... 12) Companies with centralized production facilities are often pursuing ________ strategies. Answer: A ... 13) Deciding the sequence of operations a company will use to create its product is called ________. Answer: D ... 14) Which of the following determines the process that a company will use to create its product? Answer: D ... 15) Which of the following will a
company that is pursuing a low-cost leadership strategy most likely use for creating its product? Answer: B ... 16) Deciding the spatial arrangement of production processes within production units is called ________. Answer: A ... 17) Which of the following factors has the least effect on facilities layout planning? Answer: D ... Scenario:
Wilson Industries Inc. 18) The board plans to examine Wilson's ability to produce enough bags to satisfy their customers' demands. This evaluation is known as ________. Answer: A ... 19) *If Wilson Industries selects a new area for its production units, the company will be implementing ________. Answer: C ... 20) *The board will also examine new
production techniques the company could use to create its product. This examination is a part of ________. Answer: B ... 21)* If the board discusses the spatial arrangement of production processes within Wilson's production facilities, they will be engaging in ________. Answer: D ... Based in Kentucky, Hafstrom Motors has always used spare parts made in America for its automobiles. However, sales and profits have slumped over the past three years. A senior manager at the company comes up with new strategies for improving the firm's production activities. 22)* The senior
manager recommends that Hafstrom obtain auto parts from a country where production activities would generate more value than it would generate elsewhere. He wants to take advantage of ________. Answer: D ... 38) The process by which a company extends its control over additional stages of
production is called ________. Answer: C ... 39) Which of the following reasons encourages companies to make a product rather than buy it? Answer: A ... 40) Which of the following reasons encourages companies to buy a product rather than make it? Answer: D ... 41) Which of the following processes will a computer assembling firm engage in if it decides to manufacture its own
monitors and printers? Answer: B ... 42) A firm that buys from another company a good or service that is part of the firm's value-added activities is practicing ________. Answer: A ... 43) ________ will enable a company to reduce the degree to which it is vertically integrated and the overall amount of specialized skills and knowledge that it would have to possess. Answer: A ... 44) Which of the following statements is true of outsourcing? Answer: C ... 45) Computer
companies buying hardware components from component-makers, assembling them in their own facilities, and selling completed systems to consumers and businesses is an example of ________. Answer: C ... 46) Which of the following is experienced by a company that outsources its product development? Answer: A ... 47) ________ in the computer industry is the outsourcing of the actual assembly of computers plus the job of shipping them to distributors and other intermediaries. Answer: D ... 48) Storage facilities, retail outlets, and production equipment are examples of ________. Answer: C ... 49) A fixed asset can also be referred to as a ________ asset. Answer: C ... 50) Which of the following is a barrier to buying products from international suppliers? Answer: B ... 51)
Which of the following is established by a company that builds an entirely new facility? Answer: C ... Scenario: Hafstrom Motors 52) The top management of the company contends that Hafstrom would benefit most from manufacturing its own parts, rather than sourcing it from elsewhere, even if they are made at another location overseas. Which of the following is being recommended in this approach? Answer: C ... 53) *The senior manager argues that Hafstrom could reduce its costs significantly by purchasing parts from companies located overseas rather than producing its own parts. Which of the following is the senior manager advocating? Answer: A ... Scenario:
Audio Component Outsourcing 54)
Which of the following most likely supports the argument of Echo managers to outsource some of the firm's manufacturing activities? Answer: B ... 55)*Which of the following should most likely be considered in making the decision to outsource some of Echo's manufacturing activities? Answer: A ... 64) Which of the following statements is true regarding the ISO 9000 standards? 65) ________ is the term used to refer to a production technique in which inventory is kept to a minimum and inputs to the production process arrive exactly when they are needed. Answer: A ...
66) The just-in-time (JIT) manufacturing technique was originally developed in ________. Answer: C ... 68) Which of the following statements is true regarding total quality management (TQM)? Answer: B ... 69) ________ requires each individual to be focused on the quality of his or her own output. Answer: A ... 70) A company using just-in-time (JIT) manufacturing involves ________. Answer: B ... 71) Which of the following would companies do in markets that require long payback periods? Answer: D ... 72) When a market is experiencing rapid growth, a company will ________. Answer: C ... 73) A loan in which a parent company deposits money with a host-country bank, which then lends the money to a subsidiary located in the host country is called a ________. Answer: B ... 74) American Depository Receipts (ADRs) are ________. Answer: C ... 75)
________ are traded in Luxembourg and London and represent a specific number of shares in an outside company. Answer: D ... 76) Which of the following is true of American Depository Receipts (ADRs)? Answer: C ... 77) ________ is the financing obtained from investors who believe the borrower will experience rapid growth and who receive equity in return for their investment. Answer: B ... 78) Which of the following types of money adds to the volatility of emerging markets because it can be quickly withdrawn from its investment? Answer: A ... 79) ________ refers to the foreign direct investment in factories,
equipment, and land that cannot be pulled out of the market quickly. Answer: B ... 80) Money earned from the sale of goods and services is known as ________. Answer: A ... 81) The
________ of a company is the mix of equity, debt, and internally generated funds that it uses to finance its activities. Answer: C ... 82) ________ appeals to companies because it lowers the amount of taxes the companies must pay. Answer: A ... Scenario: Audio Component Outsourcing 83) Which of the following is most likely a potential benefit for Echo if it outsources some of its manufacturing activities? Answer: D ...
Verandas International is expanding its operations in North America. The Dutch company supplies customized furniture to five-star hotels. Verandas International is a leader in this industry, but the company believes it must increase its geographic reach to maintain that position. 84) Economic forecasts reveal that the U.S. dollar is expected to decline relative to the Euro. Which of the following is the most advantageous method of obtaining funding for Verandas under these
conditions? Answer: A ... 85)* The Verandas U.S. subsidiary was turned down when it tried to borrow from a U.S. bank. The bank manager suggested that the parent firm deposit money with the U.S. bank's Dutch branch, and then the U.S. bank's home office would lend the money to
the U.S. subsidiary. This type of arrangement is known as a(n) ________. Answer: C ... 86) *If Verandas International chooses to pursue equity financing, but wants to avoid the time and money required to comply with stock exchange regulations, the company would most likely issue ________. Answer: A ... 1) The customary means by which a company fills up vacancies in its offices is called ________. Answer: A ... 2) Which of the
following is an appropriate and widely-used method for staffing international business operations? Answer: D ... 3) Individuals from the home country manage operations outside the home country in ________ staffing. Answer: A ... 4) Which of the following statements is true of ethnocentric staffing? Answer: B ... 5) A(n) ________ policy can be pursued to hire employees at all levels in an organization. Answer: B ... 6)
Which of the following statements regarding ethnocentric staffing is true? Answer: A ... 7) Which of the following is a major drawback of
ethnocentric staffing? Answer: A ... 8) In ________, operations outside the home country are managed by individuals from the host country. Answer: D ... 9) A(n)________ policy would give the foreign units of a company a degree of autonomy in decision-making. Answer: D ... 10) An
important advantage of polycentric staffing is that it ________. Answer: B ... 11)
The major drawback of polycentric staffing is the potential to ________. Answer: A ... 12) A company that hires the best-qualified individuals, regardless of nationality, to manage foreign operations
is utilizing a ________ approach. Answer: B ... 13) Which of the following statements is true of geocentric staffing? Answer: C ... 14) A geocentric staffing policy is generally reserved for ________. Answer: A ... 15) The major disadvantage of a geocentric staffing policy is its potential for ________. Answer: B ... Scenario:
Swingset International 16) The approach recommended by Jerome is called ________. Answer: B ... 17)* The approach recommended by Valerie is called ________. Answer: A ... 18) *Which staffing
policy should Swingset consider if it wants its foreign operations to be managed by the best-qualified individuals regardless of nationality? Answer: C ... 32) Citizens of one country who are living and working in another are called ________. Answer: D ... 33) Alec is an American working for a software company in Texas. He has been assigned to work on a project in China for a year. He would be considered as a(n) ________ in China. Answer: B ... 34)
The process of forecasting both a company's human resource needs and its supply is called ________. Answer: A ... 35) Which of the following is the first phase of human resource planning? Answer: C ... 36) Which of the following phases of human resource planning involves decruitment? Answer: A ... 37) Planning for decruitment normally occurs when a company ________. Answer: A ... 38) Which of the following terms is defined as the process of identifying and attracting a qualified pool of applicants for vacant positions? Answer: C ... 39)
To help speed up the process of getting approvals for local operations, a firm would most likely benefit from hiring ________. Answer: B ... 40) ________ would most likely
be recruited for nonmanagerial positions at foreign subsidiaries that do not require specialized skills. Answer: C ... 41) Companies typically recruit ________ to train individuals placed in more demanding
nonmanagerial positions at foreign branches. Answer: D ... 42) The process of screening and hiring the best-qualified applicants with the greatest performance potential is called ________. Answer: D ... 43) The early return by an employee from an international assignment because of inadequate job performance is called ________. Answer: D ... 44) Which of the following is a
psychological process affecting employees living abroad and is characterized by homesickness, irritability, confusion, aggravation, and depression? Answer: C ... 45) The psychological process of readapting to one's home culture after working in a host-country culture is called ________. Answer: C ... 46) An expatriate manager who returns after a few years from an overseas assignment to find that there is no position for him in his home country office experiences a(n) ________. Answer: A ... 47) Which of the following is a reason why there are only a few managers who are ready and willing to go to foreign branches on short notice? Answer: C ... 48) Which of the following is most likely to occur in the honeymoon stage of culture shock? Answer: A ... Scenario: You're Hired! 49) One challenge facing Hudson Foods as it expands into Europe is getting through all the bureaucratic and legal regulations surrounding the food industry. Erica plans to hire a manager to ensure that this challenge is overcome. Who among the following will Erica most likely recruit for this position? Answer: A ... 50) * The new subsidiary's production facilities will employ approximately 100 full-time nonmanagerial workers. Who among the following will Erica most likely recruit to fill these positions? Answer: C ... 62) Which of the following constitutes the most basic level of training to prepare managers for international assignments? Answer: A ... 63) A manager could most likely gain information on a local area's housing, health care, transportation, schools, and climate by participating in ________. Answer: B ... 64) Which of the following offers insight into a host country's political, legal, economic, and social institutions as a way of enhancing environmental briefings? Answer: D ... 65) Which of the following is the correct order of the different methods of cultural training
from the least advanced to the most advanced? Answer: C ... 66) ________ teaches an expatriate a culture's values, attitudes, manners, and
customs. Answer: A ... 67) Which of the following methods of cultural training involves the use of guerilla linguistics? Answer: C ... 68) Which of the following trains managers to be considerate and understanding of other people's feelings and emotions? Answer: B ... 69) Which of the following approaches to cultural training gets a trainee "under the skin" of the local people? Answer: C ... 70) Which of the following training approaches involve employees visiting another culture, walking the streets of its cities and villages, and becoming absorbed by the culture for a short time? Answer: B ... 71) Which of the following international assignment preparation methods involves a trainee feeling the stresses inherent in living in the culture? Answer: B ... Scenario: Gem Jewels 72) The most basic level of training that can be given to the managers is ________. Answer: D ... 73) *If Gem Jewels wants its employees to get "under the skin" of the local people, it should provide ________. Answer: B ... 74) *If Gem Jewels wants its employees to get "into the minds" of the local people, it should provide
________. Answer: A ... 75) *To teach its employees the values, attitudes, manners, and customs of the host-country culture, Gem Jewels should offer ________. Answer: C ... Scenario: Mr. Yoshimura goes to Tennessee 76)* Mr. Yoshimura and his family were initially very excited to see Tennessee but soon started missing their home, relatives and friends
in Japan. They are facing ________. Answer: A ... 77) *Mr. Yoshimura's daughters are extremely unhappy and have been complaining every night about their lifestyle in the United States. They insist on returning to Japan. If Mr. Yoshimura gives in to his family members' pleas and decides to return home, which
of the following will most likely be true about his experience? Answer: C ... 78) *If the family finds it difficult to adjust on
returning to Japan after three years, they will experience ________. Answer: B ... Scenario: Scooters Inc. 79) One lower-level position Erica must fill requires the employee to be familiar with the new market and its customs, traditions, and language. Also, the new hire must be comfortable with Hudson Food's organizational culture and business traditions. Who among the following will Erica most likely recruit for this position? Answer: C ... 85) ________ is the process of staffing a company and ensuring that employees are as productive as possible. Answer: B ... 86) The most common inducement that companies offer managers to accept international postings is ________. Answer: B ... 87) Managers who are asked to go into a
particularly unstable country or one with a very low standard of living often receive a bonus called ________. Answer: A ... 88) Which of the following is true of employee compensation in international companies? Answer: C ... 95) The
positive or negative condition of relations between employers and their workers is referred to as ________. Answer: B ... 96) Large international companies tend to make high-level labor decisions at the home office because ________. Answer: D ... 97)
________ allows labor representatives in Germany to participate in high-level company meetings by actually voting on proposed actions. Answer: B ... Scenario: Swingset International 98) Which of the following is a drawback of Jerome's staffing approach? Answer: A ... 99) An important advantage of the staffing policy recommended by Valerie is that it ________. Answer: B ... 100) A major drawback of the staffing policy recommended by Valerie is ________. Answer: A ... Other sets by this creatorch 1337 terms tinakute41176 TEST 3265 terms tinakute41176 GBO test 1343 terms tinakute41176 chapter 1174 terms tinakute41176 Other Quizlet setsAnatomy Final (Exam 2) (Bone & Muscle)32 terms madelinebean32 Quiz 1 - CEE37021 terms Ryan_Bishop6 LIFS 3240 Chp 11 Visual Circuit28 terms celiayuenki Christin James- chapter 1818 terms christinpjames |
