International Management

Question 1

The European Union was created in the late 1800s to facilitate trade and address political issues.

Answer 1

false

Question 2

Employees who work abroad who are non-citizens of the country in which they are working are known as expatriates.

Answer 2

true

Question 3

When an organization chooses to engage in international economic activities and is directly involved in the management of the productive assets of the firm, it is ____________.

Answer 3

direct investing

Question 4

When this activity takes place, it means that the company is involved in directly managing the productive assets of the firm regardless of location.

Answer 4

direct investing

Question 5

The following best describes which Dimension from the GLOBE studies: The extent to which a society encourages people to be tough, confrontational, and competitive versus modest and tender?

Answer 5

assertiveness

Question 6

A/An ___________ is a tax that is imposed on goods brought in from one country to another.

Answer 6

tarrif

Question 7

What is a trade surplus

Answer 7

When a country exports more than it imports

Question 8

Which of the following is an actual international organization with the power to govern international trade, intellectual property rights, and trade disputes?

Answer 8

World Trade Organization

Question 9

Which of Hofstede’s Cultural Dimensions refers to the extent to which members in a culture accept or avoid ambiguous situations?

Answer 9

Uncertainty avoidance

power distance
mas/fem
individualism
long term orientation