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Practice Quiz #1: Chapters 1, 2, 5 Globalization of business has been stimulated by institutional developments that aid foreign trade and investment. True The process of shifting production from a... domestic to a foreign location is best known as ________. Offshoring The process of shifting production to a foreign country is known as outsourcing. False Most of the world's goods and services are sold ________. In the countries where they are produced Some key ________ factors in a company's international business external environment are its product strategy and access to resources. Competitive If an MNE convinced a popular priest that its vitamin-enriched soft drink would benefit parishioners' health, the MNE would be using ________ to help bring about change. An opinion leader All of the following are international business translation problems EXCEPT which of the following? All written work requires back translation in order to be understood in a second language In societies where trust is high, there tends to be a lower cost of doing business. True Most cultural variables are universal. True The specific learned norms based on attitudes, values, and beliefs of a group of people are known as ethnology. False A payment to a customs official to clear legitimate merchandise is permitted by the Foreign Corrupt Practices Act. True According to Transparency International, companies from which of the following countries are more likely to pay bribes? China A manager who refuses to bribe customs officials in a foreign country, even though it is morally acceptable in that country, is most likely to believe in which of the following perspectives on ethics? Normativism Which of the following statements is most likely true about the postconventional level of moral development? Individuals behave morally because they believe such actions are right Which stakeholder group is most interested in trustworthy behavior by corporate executives and increased corporate taxes? Society Attempt 2: The widening set of interdependent relationships among people from different parts of the world is known as ________. Globalization Which Global events affect almost all companies the following is NOT a likely reason to study international business? Global events affect almost all companies Supporters of globalization assert that the process helps countries strengthen their sovereignty. False The production of goods by a French company in Italy for sale in Italy is an example of an Italian merchandise import. True? The best way of conducting business domestically is also typically the best way to conduct business internationally. False English-speaking peoples account for a larger portion of global output than people who speak any other language. True? Assume a firm plans to expand internationally. If its managers wish to avoid pitfalls caused by differences in "silent language," they should consider differences in ________. Normal proximity during conversations Assume a firm has operations in Tokyo, where there is a collectivist culture. Which of the following would most likely motivate the firm's Japanese employees? Good health benefits Most cultural variables are universal. True A culture in which people prefer to finish one task before starting another is most accurately characterized as which of the following? Monochronic According to the text, which of the following has resulted from GE's Ecomagination initiative? Rising profitability for many GE products The requirement by the U.S. government that its subsidiaries abroad comply with trade restrictions with Cuba is an example of externalities. False – Correct: Extraterritoriality An important business objective for pursuing ethical behavior is to create a better relationship with corrupt politicians and customers. False Ethical dilemmas tend to be ________ for MNE managers than for domestic managers. More complicated Stockholders are typically more interested in corporate social responsibility than in earning profits. False? Which of the following statements would most likely NOT be supported by an advocate of offshoring? Offshoring is fundamentally better for workers than the introduction of labor-saving technologies. The widening set of interdependent relationships among people from different parts of the world is known as ________. globalization Reebok pays a royalty to the German Soccer League to use the team's logo on t-shirts that it sells. Reebok and the German Soccer League most likely have a ________. licensing agreement [Show More]

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