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Which of the following is true for organizations that are transnational in nature?


A) These organizations attempt to market a standardized product across geographic markets.
B) Subsidiaries of transnational organizations cannot respond to changes in customers' needs in the local market.
C) This approach can be expensive for the company because it cannot achieve economies of scale.
D) Its goal is to achieve global efficiency while maintaining local market responsiveness.

E) A) and C)
F) A) and B)

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A foreign firm can enter a new international market by using a(n) ________ to purchase a local firm in that market.


A) strategic alliance
B) licensing agreement
C) cross-border acquisition
D) exporting strategy

E) None of the above
F) A) and B)

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Romano Ware manufactures kitchen utensils.It is headquartered in Jakarta and has an international presence.Its production sites and sales locations are situated in Europe,Asia,and Australia.The organization is highly decentralized,and region or country managers can tailor their strategies to local market conditions and demands.Which of the following approaches is Romano Ware using?


A) supply chain
B) region-country focused
C) globally focused
D) transnationally focused

E) B) and C)
F) A) and D)

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B

The institutional environment of a country has little effect on the individuals and organizations that operate within it.

A) True
B) False

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The Sarbanes-Oxley Act was enacted by the United States to enforce tariffs and quotas on goods imported from China.

A) True
B) False

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Explain the four prominent dimensions of national culture.

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The four prominent dimensions of national culture are power distance,uncertainty avoidance,individualism versus collectivism,and gender focus. 1.Power distance is the extent to which people accept power and authority differences among people.Power distance is not a measure of the extent to which a group has power and status differences; most countries have richer and poorer citizens,and more and less powerful citizens.It does not suggest whether status and power differentials exist in a country; instead,it is the extent to which people in the country accept any differences. 2.Cultures differ in the extent to which they need things to be clear or ambiguous.This dimension of culture has been labeled uncertainty avoidance.Groups that are high in uncertainty avoidance create structures and institutions to reduce uncertainty.Groups that are low in uncertainty avoidance are more comfortable in ambiguous situations and prefer fewer rules. 3.Individualism is the extent to which people's identities are self-oriented and people are expected to take care of themselves and their immediate families.People from countries with high individual orientations exhibit high emotional independence from organizations or institutions and tend to recognize individual decisions and reward individual achievements.In contrast,collectivism is the extent to which a person's identity is a function of the group(s)to which he or she belongs and the extent to which group members are expected to look after each other.People from countries high in this dimension exhibit emotional dependence on the organizations and institutions to which they belong,emphasize group membership,and value collective decisions. 4.Gender focus represents the extent to which people value masculine or feminine traits.Countries emphasizing masculine traits value activities that lead to success,money,and possessions.Countries emphasizing feminine traits value activities that involve caring for others and enhancing the quality of life.

Which of the following is true for the dimensions of national culture?


A) Power distance is a measure of the extent to which a group has power and status differences.
B) Citizens in nations high in uncertainty avoidance prefer to have fewer rules.
C) Countries emphasizing masculine traits value activities that lead to success, money, and possessions.
D) Individualism is the extent to which a person's identity is a function of the group(s) to which the person belongs.

E) B) and C)
F) B) and D)

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People who live in countries that score high on individual orientations tend to ________.


A) value collective decisions
B) emphasize group membership
C) emphasize and reward individual achievement
D) exhibit emotional dependence on organizations

E) A) and D)
F) A) and C)

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Define the term institutional environment.

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Each country has a distinct institutiona...

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Which of the following is NOT a characteristic of geographically dispersed multicultural teams?


A) Mutual trust is unimportant.
B) They often lack traditional supervision.
C) They must work more autonomously.
D) Coordination between team members is challenging.

E) B) and C)
F) A) and B)

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Discuss the ways that firms can enter new global markets.

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Firms can enter new foreign markets in t...

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The two major aspects of a country's environment are its heritage and culture.

A) True
B) False

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Which of the following is a dimension of national culture?


A) political stability
B) uncertainty avoidance
C) regulations
D) economic development

E) A) and B)
F) A) and C)

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The most common way of entering international markets is via strategic alliances.

A) True
B) False

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A transnational organization tries to be simultaneously centralized and decentralized.

A) True
B) False

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What is a transnational organization?

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A transnational organization is one that...

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________ involves manufacturing products in a firm's home country and shipping them to a foreign market.


A) Importing
B) Exporting
C) Outsourcing
D) Strategic marketing

E) None of the above
F) B) and D)

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B

A foreign company can enter a new market via ________ agreements that allow a local firm in the new market to manufacture and distribute the foreign company's product.


A) exporting
B) importing
C) licensing
D) marketing

E) B) and C)
F) C) and D)

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________ is the rapid development of trust in teams with positive and reciprocal communications about the team's task activities.


A) Reciprocal trust
B) Swift trust
C) Improved trust
D) Improved reliability

E) B) and C)
F) A) and B)

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Societal culture can dramatically influence how people observe and interpret the business world around them.

A) True
B) False

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