BUSI 303 quiz 1 complete solutions correct answers key

Liberty University BUSI 303 quiz 1 complete solutions correct answers key

The global business manager must possess a strong domestic awareness and must understand the unique factors that contribute to the success of a global business, including vast working experience

International exchange is a recent concept?.

The geocentric organization’s primary objective is to develop an integrated system with a (n)         .

People in a                       culture share the belief that general rules, codes, values, and standards take precedence over particular needs and claims of friends and relations.

Regardless of the managerial­cultural paradigm in use, the business professional recognizes that an understanding of the major dimensions of culture is essential for success in doing business overseas.

Which of the following is a type of political risk for global managers?

Which of the following is true regarding the use of words across languages?

NAFTA facilitated the importation and exportation of goods and services between the United States, Mexico, and Canada.

Trompenaar believed that every culture distinguishes itself from others by the specific solutions it chooses to certain problems and dilemmas

Advocates for globalization believe that globalization promotes

Blank, as the opposite of                      , promotes openness towards other cultures, opinions, and ways of life

Which of the following is a barrier to trade?

Culture is the set of shared attitudes, values,          , and practices that characterize a society

As globalization becomes more embedded in daily life, tolerance must continue to increase in order to avoid unnecessary polarization—again reinforcing the notion that globalization is not assimilation.

Barriers to trade include all of the following except:

The World Trade Organization (WTO) was established in the early 1970s to help foster international trade and resolve disputes.

KSA stands for       ,           , and           .

(blank) culture: time moves around in cycles; people tend to do se a time; time is flexible and intangible

Which of the following is NOT true about globalization?

A form of verbal language includes

Which of the following is NOT a driving force of Globalization?

Increased restriction on foreign investments

Congress enacted the Foreign Corrupt Practices Act (FCPA) to bring a halt to the bribery of foreign officials and to restore public confidence in the integrity of the U.S. business system

People in a particularism culture see the ideal culture in terms of human friendship, extraordinary achievement and situations, and intimate relationships

Which of the following is a characteristic of a high-context culture?

An ascribed status is one that society assigns to an individual on the basis of factors over which the individual has no control: gender, race, ethnic background, and socioeconomic status, into which one is born.

Which of the following is a dimension in Fons Trompenaar's Model of Culture?

Business Ethics is the study of ethical dilemmas, values, and decision making in the world of business. Business ethics should not be considered a separate disciple from ethics

Pax Americana, Latin for “American peace,” is the period of relative peace in the Western world since the end of World War II in 1945, coinciding with the dominant military and economic position of the U.S.

All of the following are part of the 5 Pillars of Faith in the Muslim religion except

Foreign direct investment is an attractive option for firms looking to diversify their investment portfolios, creating opportunities for firms looking to enter emerging markets

In a ____________culture, people start with the whole and see each element in perspective of the total; the whole is more important than the sum of its elements. Individuals have a large private sphere and a small public one.

Polycentric managers believe that home-country nationals are more intelligent, reliable, and trustworthy than foreign.

The Pax Romana heralded the introduction of mass production, improved transportation, technological progress, and the industrial factory system.

Three branches of Judaism include

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