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MBA 776 Exam 2 questions with
answers
cultural imperatives - CORRECT ANSWERS ✔✔business customs and expectations that must be met and conformed to or avoided if relationships are to be successful Cultural Electives - CORRECT ANSWERS ✔✔Relate to areas of behavior or to customs that cultural aliens may wish to conform to or participate in but that are not required Cultural Exclusives - CORRECT ANSWERS ✔✔customs or behavior patterns reserved exclusively for the locals and from which the foreigner is barred and must not participate American Management Style - CORRECT ANSWERS ✔✔1. Master of Destiny viewpoint
- Interdependent enterprise
- Merit
- Decisions based on objective analysis 5.Wide sharing in decision making
- Never-ending quest for improvement
- Competition is crucial for efficiency Power Distance Index - CORRECT ANSWERS ✔✔measures power inequality between superiors and subordinates within a social system Silent Language - CORRECT ANSWERS ✔✔how time, space, things, friendships, and agreements vary across cultures monochromatic time - CORRECT ANSWERS ✔✔North Americans, swiss, germans, concentrate on one thing at a time, concerned with promptness low-context culture - CORRECT ANSWERS ✔✔a culture in which people are expected to be direct and to say what they mean high-context culture - CORRECT ANSWERS ✔✔people rely heavily on situational cues for meaning when communicating with others polychromatic time - CORRECT ANSWERS ✔✔simultaneous occurrence of many things and great involvement of people individualism - CORRECT ANSWERS ✔✔pertains to societies in which the ties between individuals are loose
Foreign Corrupt Practices Act - CORRECT ANSWERS ✔✔U.S. law regulating behavior regarding the conduct of international business in the taking of bribes and other unethical actions. relationship-oriented culture - CORRECT ANSWERS ✔✔•High context •Collectivism •High power distance (including gender) •Bribery more common* •High distance from English •Linguistic indirectness •Polychronic time •Face-to-face •Background •Reduce transaction costs Information Oriented Culture - CORRECT ANSWERS ✔✔•Low context •Individualism •Low power distance •Bribery less common •Low distance from English •Linguistic directness
•Monochronic time •Internet •Focus on the foreground •Competition Sovereignty - CORRECT ANSWERS ✔✔refers to both the powers exercised by a state in relation to other countries and the supreme powers exercised over its own members sovereign state - CORRECT ANSWERS ✔✔independent and free from all external control Political causes of instability - CORRECT ANSWERS ✔✔- form of government inherently unstable
- changes in political parties during elections can have major effects on trade conditions
- nationalism
- animosity toward countries
- trade disputes nationalism - CORRECT ANSWERS ✔✔intense feeling of national pride and unity
price controls - CORRECT ANSWERS ✔✔Essential products that command considerable public interest, such as pharmaceuticals, food, gasoline, and cars, are often subjected to price controls. Such controls applied during inflationary periods can be used to control the cost of living. They may also be used to force foreign companies to sell equity to local interests. Labor Problems - CORRECT ANSWERS ✔✔labor unions have strong government support that they use effectively in obtaining special concessions from business multi-national corporations - CORRECT ANSWERS ✔✔An example of economic globalization in which the business has centers of operation in many parts of the globe. joint ventures - CORRECT ANSWERS ✔✔can be with locals or other third-country multinational companies expanding the investment base - CORRECT ANSWERS ✔✔including several investors and banks in financing an investment in the host country Licensing and Franchising - CORRECT ANSWERS ✔✔some firms find eliminates almost all risks is to license technology for a fee
planned domestication - CORRECT ANSWERS ✔✔long-range solution is planned phasing out political bargaining - CORRECT ANSWERS ✔✔multinational companies clearly engage in lobbying and other sorts of political bargaining to avoid potential political risks Political Payoffs - CORRECT ANSWERS ✔✔bribery - used to lessen negative effects Common Law - CORRECT ANSWERS ✔✔A legal system based on custom and court rulings Civil/Code Law - CORRECT ANSWERS ✔✔a systematic collection of laws designed to comprehensively deal with the core areas of private law such as for dealing with business and negligence lawsuits and practices Islamic Law - CORRECT ANSWERS ✔✔Law that is derived from interpretation of the Qur'an and the teachings of the Prophet Muhammad and is found in most Islamic countries The World Court - CORRECT ANSWERS ✔✔adjudicate disputes between governments, whereas the other two situations must be handled in the
registration - CORRECT ANSWERS ✔✔the first to register a trademark or other property right is considered the rightful owner Cybersquatters (CSQs) - CORRECT ANSWERS ✔✔buy and register descriptive nouns, geographic names, names of ethnic groups and pharmaceutical substances, and other similar descriptors and hold them until they can be sold at an inflated price
