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Chapter 5

Chapter 5 discusses global management and cultural diversity, emphasizing the importance of understanding international developments and diverse cultural backgrounds for global managers. It covers true/false statements and multiple-choice questions related to international business operations, globalization, and the characteristics of the global economy. The chapter highlights the significance of international management and the interdependence of global markets.

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33 views2 pages

Chapter 5

Chapter 5 discusses global management and cultural diversity, emphasizing the importance of understanding international developments and diverse cultural backgrounds for global managers. It covers true/false statements and multiple-choice questions related to international business operations, globalization, and the characteristics of the global economy. The chapter highlights the significance of international management and the interdependence of global markets.

Uploaded by

aeonacc1
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

Chapter 5: Global Management and Cultural Diversity

I. True/False

1. Like many of its competitors, New Balance has achieved a global competitive advantage by
without having to outsource corporate functions and production.

2. Global managers keep informed about international developments and are able to understand and
relate to people with diverse cultural backgrounds.

3. International businesses conduct for-profit transaction of goods and services across national
boundaries.

4. Organizations that have operations and business interests in more than one country are known
as International businesses.

5. Domestic firms develop international operations to take advantage of outsourcing and to get
access to raw materials.

6. Businesses expand their operations to the international marketplace in order to increase profits
and gain access to customers, suppliers, capital, and labor.

7. Businesses go international to gain new markets to sell products and to enhance profit potential
but not to increase access to raw materials, lower-cost labor, or financial resources.

8. Importing and exporting are market entry strategies that require extensive capital investments.

9. A strategic alliance operates in a foreign country through ownership with local partners.

10. A U.S. owned company that is operated overseas is considered a foreign subsidiary.

II. Multiple Choice

1. The worldwide interdependence of resource supplies, product markets, and business


competition characterizes the age of __________.

A. Trans-Asian management.

B. The European Union.

C. Free trade.

D. A global economy.

E. The multinational economy.

2. The global economy is characterized by the __________.

A. Worldwide dependence of resource supplies, product markets, and business competition.

B. Worldwide independence of resource supplies, product markets, and business competition.


C. Worldwide interdependence of resource supplies, product markets, and business
competition.

D. Worldwide distribution of resource supplies, product markets, and business competition.

E. Worldwide exploitation of resource supplies, product markets, and business competition.

3. __________ refers to the process of growing interdependence among resource supplies, product
markets, and business competition on a worldwide basis.

A. International management.

B. Transnational interdependence.

C. Globalization.

D. Global management.

E. The multinational economy.

4. A(n) _____ business is one that is primarily based in a single country but that acquires some
meaningful share of its resources, raw materials and/or revenues from other countries.

A. international

B. domestic

C. multinational

D. intercontinental

E. global

5. Management activity that takes place in organizations with business interests in more than one
country is known as __________.

A. international management.

B. transnational interdependence.

C. globalization.

D. trans-regional management.

E. multinational economics.

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