International Business Quiz ch 5

International - B it gives a firm confidence to enter a foreign market even when other companies are already established there C it enables the

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1 CORRECT The national culture is a key determinant for the evaluation of managers. A) True 2 CORRECT Legal characteristics and political structures are components of culture. A) True 3 INCORRECT The demonstration effect is a result of the backward-bending labor supply curve. B) False 4 CORRECT Generally, the greater the difference between an old and a new method or product, the easier it is for the firm to gain acceptance of a change. B) False 5 CORRECT According to Hofstede, power distance is the extent to which members of a society accept the unequal distribution of power among individuals. A) True 6 CORRECT The first step international business managers can take in order to learn to live with other cultures is to: A) learn the language. B) visit the country. C) realize that other cultures exist which are different from their own. D) make friends with natives of the country. 7 INCORRECT All of the following indicate the importance of technological superiority to international companies except: A) it can be embodied in the company's products.
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Unformatted text preview: B) it gives a firm confidence to enter a foreign market even when other companies are already established there. C) it enables the firm to obtain better-than-usual conditions for a foreign market investment. D) it keeps the international division of labor constant. 8 INCORRECT Strategic technology leveraging is: A) using external technology to complement rather than substitute for internal technology. B) obtaining more efficiency from technology by increasing capital investment. C) using technology to improve a firm's strategy. D) forming blocs to prevent the poaching of technological ideas and innovations. 9 INCORRECT Social units based on free associations may be formed by all of the following except: A) Age. B) Family. C) Common interest. D) Gender. 10 INCORRECT ____ is the degree to which the members of a society feel threatened by ambiguity and are rule-oriented. A) Uncertainty avoidance B) Power distance C) Individualism D) Short-term orientation...
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This note was uploaded on 02/11/2011 for the course MGMT 338 taught by Professor Pendergrass during the Spring '10 term at Columbia College.

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International - B it gives a firm confidence to enter a foreign market even when other companies are already established there C it enables the

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