Homework answers / question archive / The College at Brockport BUS 345 Quiz 1: 1)According to Hofstede, which of the following describes the degree of inequality between people in different occupations? a)Power distance b)            Uncertainty avoidance c)            Individualism d)            Collectivism   2)            Globalization benefits the companies by allowing them to sell the same products worldwide with little or no a)            Standardization b)            Modification c)            Exportation d)            Advertising   3)            All of the following are true EXCEPT a)            Cultural change occurs as new traits are accepted and absorbed into a culture b)            Cultural diffusion occurs quickly in almost every culture c)            Globalization is increasing the pace of cultural diffusion d)            Technological advances are increasing the pace of cultural diffusion   4)            All goods and services purchased abroad and brought into a country are called a)            Gross Domestic Product (GDP) b)            Exports c)            Foreign Trade d)            Imports   5)                           is(are) any commercial transaction(s) that cross(es) the borders of two or more nations a)            Exports b)            Gross National Product(GNP) c)            International Business d)            Imports   6)           

The College at Brockport BUS 345 Quiz 1: 1)According to Hofstede, which of the following describes the degree of inequality between people in different occupations? a)Power distance b)            Uncertainty avoidance c)            Individualism d)            Collectivism   2)            Globalization benefits the companies by allowing them to sell the same products worldwide with little or no a)            Standardization b)            Modification c)            Exportation d)            Advertising   3)            All of the following are true EXCEPT a)            Cultural change occurs as new traits are accepted and absorbed into a culture b)            Cultural diffusion occurs quickly in almost every culture c)            Globalization is increasing the pace of cultural diffusion d)            Technological advances are increasing the pace of cultural diffusion   4)            All goods and services purchased abroad and brought into a country are called a)            Gross Domestic Product (GDP) b)            Exports c)            Foreign Trade d)            Imports   5)                           is(are) any commercial transaction(s) that cross(es) the borders of two or more nations a)            Exports b)            Gross National Product(GNP) c)            International Business d)            Imports   6)           

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The College at Brockport

BUS 345

Quiz 1:

1)According to Hofstede, which of the following describes the degree of inequality between people in different occupations?

a)Power distance

b)            Uncertainty avoidance

c)            Individualism

d)            Collectivism

 

2)            Globalization benefits the companies by allowing them to sell the same products worldwide with little or no

a)            Standardization

b)            Modification

c)            Exportation

d)            Advertising

 

3)            All of the following are true EXCEPT

a)            Cultural change occurs as new traits are accepted and absorbed into a culture

b)            Cultural diffusion occurs quickly in almost every culture

c)            Globalization is increasing the pace of cultural diffusion

d)            Technological advances are increasing the pace of cultural diffusion

 

4)            All goods and services purchased abroad and brought into a country are called

a)            Gross Domestic Product (GDP)

b)            Exports

c)            Foreign Trade

d)            Imports

 

5)                           is(are) any commercial transaction(s) that cross(es) the borders of two or more nations

a)            Exports

b)            Gross National Product(GNP)

c)            International Business

d)            Imports

 

6)            ...is(are) all goods and services sold abroad and sent out of the country

a)            Necessities

b)            Exports

c)            International Business

d)            Imports

 

7)            Globalization is the trend toward greater economic, cultural ... and…. interdependence among national institutions and economies.

a)            Regional; National

b)            Temporary; Mutual

 

c)            Domestic; International

d)            Political; Technological

 

8)                           refers to convergence in buyer preferences in markets around the world

a)            Homogenization of markets

b)            Globalization of markets

c)            Internationalization of markets

d)            Denationalization of markets

 

9)            Globalization is the trend characterized by… (national boundaries becoming less relevant), and is different from … (entities cooperating across national boundaries).

a)            Political Integration; Technological Advances

b)            Globalization of Production; Globalization of Markets

c)            Internationalization’ Denationalization

d)            Denationalization; Internationalization

 

10)          Denationalization refers to

a)            A loss of sovereignty in markets

b)            National boundaries becoming less relevant

c)            Cooperation between national actors to reduce trade barriers

d)            The total elimination of borders between nations

 

11)          ...are products marketed in all countries essentially without any changes.

a)            National Products

b)            Adapted Products

c)            Global Products

d)            National services

 

12)          The globalization market benefits companies by              

a)            Reducing costs through the standardization of marketing activities

b)            Strengthening national sovereignty

c)            Creating new market opportunities

d)            A and C

e)            All of the above

 

13)          The dispersal of production activities to locations that help a company achieve its cost- minimization or quality-maximization objectives for a good or service is known as…

a)            Importing

b)            Globalization of production

c)            Global strategy

d)            Globalization of markets

 

14)          Whereas relocating production to low-cost locales traditionally meant production of… almost exclusively, it increasingly applies to the production of…

 

a)            Services; goods

b)            Extranets; intranets

c)            Goods; services

d)            Mobile phones; backpacks

 

15)          The globalization of production benefits companies by allowing them to…

a)            Access lower cost workers

b)            Access production inputs

c)            Access technological expertise

d)            A,B,and C

 

16)          New challenges created by the globalization of markets and production force companies to pay increased attention to their…

a)            Physical facilities

b)            Information systems

c)            Reputations

d)            All of the above

 

17)          Two major forces that underlie the expansion of globalization are...and…

a)            Visa regulations; declining tourism

b)            Trademarks; patents

c)            Trade barriers; political unrest

d)            Falling barriers to trade and investment; technological innovation

 

18)          A major flaw of the original General Agreement on Tariffs and Trade (GATT) was that it lacked the power to...

a)            Erect barriers to trade

b)            Dismantle bilateral trade agreements

c)            Govern Exchange rates

d)            Enforce world trade rules

 

19)          Three main goals of the are to help the free flow of trade, help negotiate the further opening of markets, and to settle trade disputes between its members

a)            General Agreement on Tariffs and Trade (GATT)

b)            World Trade Organization (WTO)

c)            World Bank

d)            International Monetary Fund (IMF)

 

20)          Typically, the first step in the process of analyzing a nation’s potential as a host for international business activity is to

a)            Assess its overall business climate

b)            Analyze its religious environment

c)            Investigate it governmental oversight

d)            Find a cultural match with the home country

 

 

21)                          is(are) the set of values, beliefs, rules, and institutions held by a specific group of people

a)            customs

b)            Rituals

c)            Culture

e) Aesthetics

 

22)          The belief that one’s own ethnic group is superior to that of others is referred to as…

a)            Cultural dominance

b)            Cultural diffusion

c)            Cultural literacy

d)            Ethnocentricity

 

23)          Companies that want to avoid the charge of cultural imperialism should…

a)            Focus not only on meeting people’s product needs, but also on how their activities and products affect people’s traditional ways and habits

b)            Quickly launch new investment project or management practices to avoid prolonged resistance to change

c)            Implement new investment projects and management practices only during volatile times

d)            Maintain a standardized approach to strategy with policy decisions made at headquarters

 

24)          The Kluckhohn-Strodtbeck framework compares cultures along each of the following dimensions EXCEPT

a)            Do believe the environment controls them, they control their environment, or they are part of nature?

b)            Do people focus on past events, the present, or future implications of their actions?

c)            Do people embrace or avoid uncertainty and egalitarianism?

d)            Do people believe individuals or groups are responsible for each person’s welfare?

 

25)          All of the following are dimensions developed by the Hofstede for examining cultures EXCEPT

a)            Individualism versus collectivism

b)            Power distance

c)            Uncertainty avoidance

d)            Achievement versus nurturing

e)            Caste system versus class system