MGMT:2100 EXAM 2 | 149 QUESTIONS AND ANSWERS |
2026 WITH COMPLETE SOLUTION.
Forces for internalization Answer - - modern communication technology
- air travel
- corporate globalism
Internationalization Process Answer - - Stage 1: exporting
- Stage 2: cooperative contracts
- Stage 3: strategic alliances
- Stage 4: wholly-owned affiliates
- OR: global new ventures
Hofstede's dimensions Answer - - long-term vs. short-term orientation
- masculinity vs. femininity
- individualism vs. collectivism
- avoidance of uncertainty
- power distance
- indulgence vs. restraint
importance of trade barriers Answer - - free trade agreements create new
business opportunities and intensify competition
,- manager's job to address the competition
Trade Barriers Answer - - tariffs
- nontariff barriers
Tariffs Answer - direct taxes on imported goods to increase the cost compared
to domestic products
Nontariff barriers Answer - - nontax methods of increasing the cost or reducing
the volume of imported goods
- quotas
- voluntary export restraint
- government import standards
- subsidies
- customs classifications
Quotas Answer - specific limits on the number or volume of imported products
Voluntary export restraint Answer - limits the amount of product that can be
imported annually and the exporting country sets the limits
Government import standard Answer - established to protect the health and
safety of citizens and is used to restrict or ban imported goods
Subsidies Answer - long-term, low-interest loans, cash grants, and tax
deferments to develop and protect companies in special industries
, Customs classification Answer - customs agents classify an imported good
which determines its tariff and import quotas
Mongrel Answer - mix of races, groups, nationalities, and is a hybrid
Mongrels are good because.. Answer - mixing spawns creativity, nourishes the
human spirit, spurs economic growth, and empowers nations
Problem at Mustang Jeans Answer - - inability to understand cross-cultural
differences in communication patterns
- failed to consider the high context culture of the Japanese businessman and
was too focused on the contract rather than the relationship
Expatriate Answer - someone who lives and works outside of their home
country
Preparing for international assignments Answer - - language and cross cultural
training
- spouse, family, and dual-career issues
Language and cross-cultural training Answer - - documentary training:
identifying specific critical differences between cultures
- cultural simulations: practice of adapting to differences
- field simulation training: trainees go to an ethnic neighborhood and speak
with residents about the culture
Spouse, family and dual career issues Answer - adaptability screenings are
used to assess how managers and their families will adjust to the culture
change
2026 WITH COMPLETE SOLUTION.
Forces for internalization Answer - - modern communication technology
- air travel
- corporate globalism
Internationalization Process Answer - - Stage 1: exporting
- Stage 2: cooperative contracts
- Stage 3: strategic alliances
- Stage 4: wholly-owned affiliates
- OR: global new ventures
Hofstede's dimensions Answer - - long-term vs. short-term orientation
- masculinity vs. femininity
- individualism vs. collectivism
- avoidance of uncertainty
- power distance
- indulgence vs. restraint
importance of trade barriers Answer - - free trade agreements create new
business opportunities and intensify competition
,- manager's job to address the competition
Trade Barriers Answer - - tariffs
- nontariff barriers
Tariffs Answer - direct taxes on imported goods to increase the cost compared
to domestic products
Nontariff barriers Answer - - nontax methods of increasing the cost or reducing
the volume of imported goods
- quotas
- voluntary export restraint
- government import standards
- subsidies
- customs classifications
Quotas Answer - specific limits on the number or volume of imported products
Voluntary export restraint Answer - limits the amount of product that can be
imported annually and the exporting country sets the limits
Government import standard Answer - established to protect the health and
safety of citizens and is used to restrict or ban imported goods
Subsidies Answer - long-term, low-interest loans, cash grants, and tax
deferments to develop and protect companies in special industries
, Customs classification Answer - customs agents classify an imported good
which determines its tariff and import quotas
Mongrel Answer - mix of races, groups, nationalities, and is a hybrid
Mongrels are good because.. Answer - mixing spawns creativity, nourishes the
human spirit, spurs economic growth, and empowers nations
Problem at Mustang Jeans Answer - - inability to understand cross-cultural
differences in communication patterns
- failed to consider the high context culture of the Japanese businessman and
was too focused on the contract rather than the relationship
Expatriate Answer - someone who lives and works outside of their home
country
Preparing for international assignments Answer - - language and cross cultural
training
- spouse, family, and dual-career issues
Language and cross-cultural training Answer - - documentary training:
identifying specific critical differences between cultures
- cultural simulations: practice of adapting to differences
- field simulation training: trainees go to an ethnic neighborhood and speak
with residents about the culture
Spouse, family and dual career issues Answer - adaptability screenings are
used to assess how managers and their families will adjust to the culture
change
