Managing In A Global Environment

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Question 1
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 Business, just like crime, has become a unified, global field.

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Question 2
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 An increasing number of large international corporations are located in the United States.

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Question 3
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 The term top of the pyramid refers to the more than 4 billion people who make up the lowest level of the world's economic "pyramid," as defined by per capita income.

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Question 4
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 A global mind-set requires skills, understanding, and competencies in three dimensions: technological, psychological, and social.

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Question 5
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 Ethnocentrism refers to a person's ability to use reasoning and observation skills to interpret unfamiliar gestures and situations and devise appropriate behavioral responses.

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Question 6
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 There are three components to cultural intelligence: cognitive, emotional, and physical.

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Question 7
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 A natural tendency of people to regard their own culture as superior and to downgrade or dismiss other cultural values reflects an attitude called geocentrism.

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Question 8
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 An example of global outsourcing is seen when Gap Inc. uses low-cost Caribbean labor to cheaply produce its clothing, and then finishes off and sells its clothing in the United States.

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Question 9
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 With exporting, the company transfers its products for sale and maintains its production facilities in foreign countries.

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Question 10
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 China has the fastest-growing middle class in history.

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Question 11
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 Whereas China is strong in software design, services, and precision engineering, India is strong in manufacturing.

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Question 12
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 Exporting is cheaper than outsourcing and partnerships as a way for organizations to do business internationally.

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Question 13
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 Licensing means engaging in the international division of labor so that work activities can be done in countries with the cheapest sources of labor and supplies.

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Question 14
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 Government officials and the general public are often suspicious of foreign companies' impact on economic independence and political sovereignty.

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Question 15
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 Since 2005, the number of Global 500 companies in the Americas and Europe has declined.

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Question 16
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 China is the industry leader in information technology outsourcing.

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Question 17
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 The goal of the European Union is to create a powerful single-market system for Europe's millions of consumers.

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Question 18
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 The basic management functions of planning, organizing, leading, and controlling are the same whether a company operates domestically or internationally.

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Question 19
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 One result of globalization is that countries, businesses, and people become increasingly independent.

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Question 20
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 A multinational corporation typically receives more than 25 percent of its total sales revenues from operations inside the parent's home country.

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