In order to better compare/contrast costs of living in the various environments GNP/GDP may be adjusted to: - Answer-PPP (purchasing power parity)
Which of the following definitions best defines an expatriate manager? - Answer-A manager who works outside his or her native country
The firm tha...
Exam 1 BMGT 205 Questions and
Answers
In order to better compare/contrast costs of living in the various environments
GNP/GDP may be adjusted to: - Answer-PPP (purchasing power parity)
Which of the following definitions best defines an expatriate manager? - Answer-A
manager who works outside his or her native country
The firm that engages in foreign direct investment is a: - Answer-Multinational enterprise
According to the text, most MNEs are ____ the base of the pyramid. - Answer-Ignoring
In order to answer the question: "What determines the success and failures of firms
around the
globe?," the author introduces which two core perspectives? - Answer-Institution- and
resource-based views
An institutional framework is made up of: - Answer-Formal and informal institutions
Political risk is associated with political changes that may negatively impact domestic
and foreign firms. Which statement about political risk is correct? - Answer-Firms
operating in democracies are subject to political risk.
Jewish and Islamic law are examples of: - Answer-Theocratic law
Intellectual Property Rights primarily include rights associated with - Answer-All of these
answers (copyright, patents, trademarks)
The government taking a "hands-off approach" is known as: - Answer-Laissez Faire
Which of the following is a factor behind English being accepted as the global business
language? - Answer-English-speaking countries contribute the largest share of global
output.
Which of the following countries can be defined as a high-context culture? - Answer-
Japan
Which of the following dimensions accurately describes the majority in the United
States? - Answer-low long term orientation
Which of the following is the law enacted in 1977 that bans bribery to foreign officials? -
Answer-Foreign Corrupt Practices Act
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