University of Louisiana, Lafayette

MGMT 320

CH 4 QUIZ

1)The trend of the world economy toward becoming a more interdependent system is known as

2. Franchising allows restaurants internationally to pay a fee plus a percentage of the profits in return for using a company’s name and assistance with management, marketing, and the training of managers and nonmanagement employees.

3. Central American farmers sell their produce to American customers at a price that is above the price charged by American companies to increase the price of the American products, this is an example of dumping.

4. The global village refers to the “shrinking” of time and space as air travel and the electronic media have made it easier for people worldwide to communicate with one another.

5. The United States has prohibited the import of products from Iran due to the political situation

in that nation. This ban is an example of a(n)                                                                                   .

6. Alan, a retired doctor, is interested in starting a nonprofit organization that will include doctors and other medical professionals who travel to low income areas in the United States and internationally to assist with medical needs and open hospitals. Alan’s organization is an example of a multinational organization.

7. Free trade is when companies offer their goods and services at little or no cost to consumers through bartering, coupons, and donations to enter a new market or with business start­ups.

8. Managers who believe that their native country, culture, language, and behavior are superior to all others are             managers.

9. During the annual planning meeting, Alexandria, president of a Fortune 500 company, discussed with the upper management the strategic goal of expanding company operations across the globe. This long­term vision by Alexandria is an example of e­commerce.

10. The shared set of beliefs, values, knowledge, and patterns of behavior common to its people is a nation’s       .

11. The American research committee that promoted one world government and one world economy was known as the GLOBE project.

12. A multinational corporation is a(n)                                                          . nonprofit global company

organization that helps businesses set up global companies corporation with a globally diverse workforce organization with a globally diverse culture

13. Steve, a recent college graduate in computer programming, is interested in several positions with global companies because he knows that working in other countries exhibits                                                                                                                                                                              to potential employers according to management recruiters.

14. In discussing Americans as global citizens, Keith Reinhard from the nonprofit group Business for Diplomatic Action said, “Globally, Americans are viewed by the world as quiet humanitarians striving for equality and accord."

15. Best Builders, a home builder in the U.S., makes use of many suppliers to provide quality products in the homes it builds, such as a roofer in the same city and Belize International in Guatemala, which provides some of the highest­quality cabinets available. This use of outside suppliers to help the contractor build homes for customers is known as                                                                   .

16. Luis, the owner of a shoe factory in Panama, is unhappy due to a tax that the U.S. government has implemented on shoes exported there to protect U.S. shoe companies. This is an example of a tariff.

17. Maquiladoras are manufacturing plants allowed to operate in Mexico with special privileges in return for employing Mexican citizens.

18. Dave’s Furniture in South Carolina produces high­quality furniture and ships its products to customers in over 40 countries. This is an example of                           .