2021 exam Flashcards
In the terminology of the World Values Survey (Robert Inglehart) an increase in the importance of secular authority is called:
Modernization
Which of the following is not one of the problems shareholders suffer which leads to the escalation of agency costs in the Anglo-Saxon world?
A Problems in monitoring management
B Imperfect information to make qualified decisions
C Contractual limits to management discretion
D Weak legal protections
Weak legal protections
Which of the following have been found to embrace more decentralized firm organizations?
A US & Northern Europe
B Asia & Northern Europe
C Asia & Southern Europe
D US & Asia
A
Which personality dimensions are not predictive of expatriate performance?
A Extroversion and openness to experience
B Openness to experience and agreeableness
C Agreeableness and neuroticism
D Neuroticism and conscientiousness
D Neuroticism and conscientiousness
Fundamental characteristics of the Chinese culture are
A Respect for tradition; self-help; loyalty.
B Respect for hierarchy; collectivism; harmony
C Collectivism; high uncertainty avoidance; harmony
D Respect for tradition; materialism; collectivism
b
Which of the following is not a feature of the legal system in shaping different dimensions of corporate governance across the world?
A Property rights
B Quality of corporate law
C Life cycle of the company
D Legal family of the country
c
Interview quotes like “that’s what they are paid for”, and “that’s what I pay them for” are according to d’Iribarne (La Logique de l’Honneur)
typical for:
A The Japanese cultural logic
B The French cultural logic
C The Dutch cultural logic
D The American cultural logic
d
Feedback at question level When it is said that cultures are “adaptive systems”, this means that:
A Culture helps people adapt to their environment
B Cultures adapt to changing circumstances
C Cultures change in a systematic way
D None of the above is true
A
What is a main weakness of Hofstede’s research?
A The face validity of his items is questionable.
B It has measured cultures at one point in time, around 1970
C Both (a) and (b) are correct
D Neither (a) nor (b) is correct
C
An individual trusts if he or she ……………………. places resources at the disposal of another party without any ………………. commitment from the latter, but with the ……………….. that the act of trust will pay off.
A Legally – voluntary – expectation
B Voluntarily – legal – expectation
C Voluntarily – explicit – disbelief
D Legally – explicit – commitment
b
Referring to parts of the world as the “first, second and third worlds” is an example of:
A Stereotyping
B Cultural attribution
C Ranking
D Using a typology
D
Which of the following is not one of the criticism towards stakeholder theory?
A Too many stakeholders exist
B Each stakeholders` input may not be critical
C Stakeholder participation may lead to deadlocks
D It lowers the “voice” of the managers
D
Ethnographic studies tend to prefer observations over other methods of study, because:
A Observations allow to study “natural behaviors”
B The samples tend to be too small for surveys
C Interviewing requires language capabilities that are often absent
D None of the above is correct
A
In the required reading Globalization, de-globalization, and re-globalization Anoop Madhok’s main argument is that:
A The setback in globalization caused by the COVID pandemic will only be temporary.
B The COVID pandemic has revealed fundamental problems caused by globalization.
C The COVID pandemic is abused by populists to turn back globalization.
D The COVID pandemic has nullified the economic advantages of globalization.
B
As used in the table below, the variables: trust in family, trust in neighbors, trust “people we know” measure … (trust and income cross-country correlation)
A Generalized trust
B Limited trust
C Individualism
D Individual trust
B
An important element of Vernon’s product life cycle theory is the assumption that:
A Transportation costs play an important role in international production decisions
B Products early in their life cycle are not yet standardized
C Both (a) and (b) are correct
D Neither (a) nor (b) is correct
B
According to “emic” cultural scholars, a major problem with dimension-based “etic” studies of culture is that:
A These tend to produce an ever larger number of dimensions of culture
B These take the individual’s values as the point of departure
C These lack external validity
D These cannot pay no attention to unique features of a culture
D
How can it be explained that historically industrialization was associated with an increase in secular-rational authority values?
A Industrialization led to increasing industrial democracy and co-determination
B Industrialization led to more wealth and hence self-expression values
C Industrialization led to urbanization and in that way to a weakening of formerly tight relationships of (religious) authority
D Industrialization led to a decrease of materialist values
C
Which of the phrases below is an element of the definition of Hofstede’s dimension of “uncertainty avoidance”?
A A society’s tolerance for ambiguity
B The willingness of members of a society to make risky decisions
C The respect for traditions in a society
D The degree of freedom societal norms give members to fulfil their desires
A
Which of the following is not one of the firm-level variables that lead to diverse corporate governance models?
A Life cycle of the company
B Structure of the human resources
C Firm specific conditions for finding external finance
D Macroeconomic conjecture
D