University of Southern Mississippi

MANAGEMENT 300

Quiz 8

1)Managing global joint ventures can be difficult because they:

2. Hofstede's research has shown that there are        .
3. Multinational companies typically have no difficulty determining the correct balance between global consistency and local adaptation.
4. A(n)                 is an agreement in which a foreign business owner pays a company a fee for the right to conduct that business in his or her country.
5. The purpose of the Maastricht Treaty of Europe was to create the European Union with one common currency, the euro, for its members.
6. A particular society emphasizes the importance of relationship in its culture. They take

good care of the weak people in their society and value modesty. In this context, this society has a(n)                                         culture.

7. Multinational corporations are corporations that own businesses in two or more countries.
8.               occurs when a company sells domestically produced products to customers in

foreign countries.

9. Many companies in Dansland retracted their businesses as the government passed a new law requiring the companies to pay double the tax for conducting business in Dansland. This is a that the companies doing business in Dansland have faced.
10. Stardust Inc. is expanding its global operations into South Fordland in spite of the terrorist activities in the country. As Stardust Inc. expands into South Fordland, it must deal with          .

Attempt 2:

1. Direct foreign investment is an increasingly important and common method of conducting global business.
2. The most important factor in an attractive business climate is the                      .
3. For an initial fee and royalties, Lemmongrass Inc. has licensed its entire business to an organization called Powersurge, located in another country. It has provided this organization with training and marketing assistance to successfully run the business. In this context, Powersurge is a(n)    .
4.               are long-term, low-interest loans, cash grants, and tax deductions used to develop and protect companies in special industries.
5. The evidence clearly shows that how well an expatriate's spouse and family adjust to the foreign culture is the most important factor in determining the success or failure of an international assignment.