BUSI 303 Quiz 1

Liberty BUSI 303 Quiz 1 Answers

Set 1

  1. Foreign direct investment is an attractive option for firms looking to diversify their investment portfolios, creating opportunities for firms looking to enter emerging markets.
  2. Polycentric managers believe that home‐country nationals are more intelligent, reliable, and trustworthy than foreign.
  3. Pax Americana, Latin for “American peace,” is the period of relative peace in the Western world since the end of World War II in 1945, coinciding with the dominant military and economic position of the U.S.
  4. ISO standards specify the requirements for state‐of‐the‐art products, services, processes, materials and systems, and for good conformity assessment, managerial and organizational practice.
  5. Communication between two cultures can be awkward if professionals do not conduct proper research.
  6. Effective, cross‐cultural communicators must know how to properly pronounce words, how to properly spell words, and how to use these words in proper grammatical form.
  7. Which of the following is a barrier to trade?
  8. as the opposite of ___________, promotes openness towards other cultures, opinions, and ways of life.
  9. Globalization has created what critics refer to as a melting pot or peaceful cooperation of various cultural identities.
  10. In high‐context cultures, enforceable contracts will tend to be in writing, precisely worded, and highly legalistic. High‐context cultures value directness. Managers are expected to be explicit and precise in conveying intended meaning.
  11. Globalization has impacted the aspects of the international community
  12. The global business manager must resist any urge to instinctively trust line managers and instead apply his or her discipline and critical thinking capacity to formulate decisions that are most conducive to the international operating environment.
  13. Congress enacted the Foreign Corrupt Practices Act (FCPA) to bring a halt to the bribery of foreign officials and to restore public confidence in the integrity of the U.S. business system.
  14. culture: time moves around in cycles; people tend to do several things at a time; time is flexible and intangible.
  15. The World Trade Organization (WTO) was established in the early 1970s to help foster international trade and resolve disputes.
  16. In a(n) ____________ culture, people place the individual before the community; individual happiness, fulfillment, and welfare set the pace.
  17. Three branches of Judaism include
  18. The geocentric organization’s primary objective is to develop an integrated system with a (n)
  19. Synchronic cultures tend to do one thing at a time view time as a narrow line of distinct, consecutive, segments.
  20. NAFTA facilitated the importation and exportation of goods and services between the United States, Mexico, and Canada.
  21. Match the following
  • Global Business Manager
  • Integrated communications networks
  • Global business
  • OECD
  • Operational Risk
  • Magna Carta Liberatum
  • Embargos
  • Ownership-control risk
  • Horizontally Integrated MNCs
  • Globalization
  • Status
  • Foreign Corrupt Practices Act
  • Polycentric
  • Social Structure
  • Corruption
  • Values
  • Ascribed status
  • Ethics
  • Individualism
  • Low context

Set 2

  1. Barriers to trade include all of the following except:
  2. A form of verbal language includes
  3. Internalistic cultures have a mechanistic view of nature; nature is a complex machine, and machines can be controlled if one has the right expertise; people do not believe in luck or predestination.
  4. Synchronic cultures tend to do one thing at a time view time as a narrow line of distinct, consecutive, segments.
  5. NAFTA facilitated the importation and exportation of goods and services between the United States, Mexico, and Canada.
  6. Culture is the set of shared attitudes, values, _____, and practices that characterize a society.
  7. Trompenaar believed that every culture distinguishes itself from others by the specific solutions it chooses to certain problems and dilemmas.
  8. As globalization becomes more embedded in daily life, tolerance must continue to increase in order to avoid unnecessary polarization—again reinforcing the notion that globalization is not assimilation.
  9. In a ____________culture, people start with the whole and see each element in perspective of the total; the whole is more important than the sum of its elements. Individuals have a large private sphere and a small public one.
  10. as the opposite of ___________, promotes openness towards other cultures, opinions, and ways of life.
  11. The Pax Romana heralded the introduction of mass production, improved transportation, technological progress, and the industrial factory system.
  12. Three branches of Judaism include
  13. Which of the following is NOT a driving force of Globalization?
  14. The Industrial Revolution heralded the introduction of which of the following?
  15. Effective, cross-cultural communicators must know how to properly pronounce words, how to properly spell words, and how to use these words in proper grammatical form.
  16. Business Ethics is the study of ethical dilemmas, values, and decision making in the world of business. Business ethics should not be considered a separate disciple from ethics.
  17. Foreign direct investment is an attractive option for firms looking to diversify their investment portfolios, creating opportunities for firms looking to enter emerging markets.
  18. The geocentric organization’s primary objective is to develop an integrated system with a (n) ____.
  19. All of the following are part of the 5 Pillars of Faith in the Muslim religion except
  20. Communication between two cultures can be awkward if professionals do not conduct proper research.
  21. Match the following
  • Driving Force for Globalization
  • Globalization
  • Transfer Risk
  • Assimilation
  • Diversified Integrated MNCs
  • International Market
  • Word Trade Organization (WTO)
  • Pax Americana
  • Vertically Integrated MNCs
  • Knowledge, Skills, and Attributes
  • Dimensions of Culture
  • Culture
  • Ethnocentric
  • Roles
  • Oral agreements
  • Judaism
  • Siddhartha Gautma
  • Transparency International (TI)
  • Geocentric
  • Iranian Upper-class
$2.99
Buy Answer Key
  • Find by class