Test Bank For International Management Culture Strategy and Behavior 11th Edition Fred Luthans Jonathan Doh
Test Bank For International Management Culture Strategy and Behavior 11th Edition Fred Luthans Jonathan Doh
Feedback: Even though long-standing cultural differences remain, and the European Union
has recently experienced some substantial challenges, the European Union is more integrated
as a single market than NAFTA, CAFTA, or the allied Asian countries.
AACSB: Analytic
Bloom's: Remember
Learning Objective: 01-01 ASSESS the implications of globalization for countries, industries,
firms, and communities.
Level of Difficulty: 1 Easy
Topic: Globalization and Internationalization
4. General Electric (GE) has strategically leveraged social media to improve its long-term
brand image.
Answer: True
Feedback: General Electric (GE) has strategically leveraged social media to improve its long-
term brand image. By interacting daily with customers across a variety of social networks, the
100-year-old company aims to transform the way that its brand is perceived while
simultaneously building a new generation of consumers.
AACSB: Analytic
Bloom's: Remember
Learning Objective: 01-01 ASSESS the implications of globalization for countries, industries,
firms, and communities.
Level of Difficulty: 1 Easy
Topic: An Interconnected World
5. An increase in the ease of travel between countries is an important development that has
occurred because of the North American Free Trade Agreement (NAFTA).
Answer: True
Feedback: An increase in the ease of travel between countries is an important development
that has occurred because of the North American Free Trade Agreement (NAFTA). Other
important developments include the elimination of tariffs as well as import and export quotas,
the opening of government procurement markets to companies in Canada and Mexico, an
increase in the opportunity to make investments in each other’s country, and the removal of
restrictions on agricultural products, auto parts, and energy goods.
AACSB: Analytic
Bloom's: Remember
Learning Objective: 01-01 ASSESS the implications of globalization for countries, industries,
firms, and communities.
Level of Difficulty: 1 Easy
Topic: Globalization and Internationalization
6. According to a Goldman Sachs global economics team report, it is estimated that the
economies of Brazil, Russia, India, and China, which it collectively coined as the "BRIC"
nations, will surpass the collective economies of the G7 nations by 2032.
Answer: True
Feedback: According to a Goldman Sachs global economics team report, it is estimated that
the economies of Brazil, Russia, India, and China, which it collectively coined as the "BRIC"
nations, will surpass the collective economies of the G7 nations by 2032.
AACSB: Analytic
Bloom's: Remember
1-2
Copyright © 2018 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the
prior written consent of McGraw-Hill Education.
Chapter 01 - Globalization and International Linkages
Learning Objective: 01-01 ASSESS the implications of globalization for countries, industries,
firms, and communities.
Level of Difficulty: 1 Easy
Topic: Globalization and Internationalization
7. Foreign direct investment has been falling alarmingly since the global recession of 2009 in
most regions of the world.
Answer: False
Feedback: Foreign direct investment (FDI)—the term used to indicate the amount invested in
property, plant, and equipment in another country—has been growing at a slow but steady
rate in the years since the global recession of 2009.
AACSB: Analytic
Bloom's: Remember
Learning Objective: 01-01 ASSESS the implications of globalization for countries, industries,
firms, and communities.
Level of Difficulty: 1 Easy
Topic: Globalization and Internationalization
8. In a command economy, a general balance between supply and demand sustains prices,
while an imbalance creates a price fluctuation.
Answer: False
Feedback: In a command economy, the government has explicit control over the price and
supply of a good or service. The particular goods and services offered are not necessarily in
response to consumers' stated needs but are determined by the theoretical advancement of
society.
AACSB: Analytic
Bloom's: Remember
Learning Objective: 01-02 REVIEW the major trends in global and regional integration.
Level of Difficulty: 1 Easy
Topic: Global Economic Systems
9. Monopolies are a danger to the market economy system because they tend to stifle
economic growth.
Answer: True
Feedback: Monopolies are a danger to the market economy system because they tend to stifle
economic growth and consumer choice with their power to determine supply. Factors such as
efficiency of production and quality and pricing of goods can be chosen arbitrarily by
monopolies, leaving consumers without a choice and at the mercy of big businesses.
AACSB: Analytic
Bloom's: Remember
Learning Objective: 01-02 REVIEW the major trends in global and regional integration.
Level of Difficulty: 1 Easy
Topic: Global Economic Systems
10. In the context of the emerging markets of Asia, India is attractive to multinationals,
especially U.S. and British firms.
Answer: True
1-3
Copyright © 2018 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the
prior written consent of McGraw-Hill Education.
Chapter 01 - Globalization and International Linkages
Feedback: India is attractive to multinationals, especially U.S. and British firms. Many Indian
people speak English, are very well educated, and are known for advanced information
technology expertise.
AACSB: Analytic
Bloom's: Remember
Learning Objective: 01-03 EXAMINE the changing balance of global economic power and
trade and investment flows among countries.
Level of Difficulty: 1 Easy
Topic: Economic Performance and Issues of Major Regions
11. The United States has considerable foreign direct investment in Germany, more than in
any other country.
Answer: False
Feedback: The United States has considerable foreign direct investment in Canada, more than
in any other country. Canada is the United States' largest trading partner, a position it has
held for many years.
AACSB: Analytic
Bloom's: Remember
Learning Objective: 01-03 EXAMINE the changing balance of global economic power and
trade and investment flows among countries.
Level of Difficulty: 1 Easy
Topic: Economic Performance and Issues of Major Regions
12. Despite being unable to take full advantage of globalization, there is still hope in the
future for Africa because the potential of African countries remains virtually untapped.
Answer: True
Feedback: Despite being unable to take full advantage of globalization, there is still hope in
the future for Africa because the potential of African countries remains virtually untapped.
Not only are there considerable natural resources, but the diversity itself also can be used to
advantage.
AACSB: Analytic
Bloom's: Remember
Learning Objective: 01-03 EXAMINE the changing balance of global economic power and
trade and investment flows among countries.
Level of Difficulty: 1 Easy
Topic: Economic Performance and Issues of Major Regions
13. One of the factors that contributed to the early success of the Japanese economy is the
presence of chaebols.
Answer: False
Feedback: One of the factors that contributed to the early success of the Japanese economy is
the Ministry of International Trade and Industry (MITI). This is a governmental agency that
identifies and ranks national commercial pursuits and guides the distribution of national
resources to meet these goals.
AACSB: Analytic
Bloom's: Remember
Learning Objective: 01-03 EXAMINE the changing balance of global economic power and
trade and investment flows among countries.
Level of Difficulty: 1 Easy
1-4
Copyright © 2018 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the
prior written consent of McGraw-Hill Education.
Chapter 01 - Globalization and International Linkages
14. About 46 percent of employees in both the United States and Russia would prefer a work
schedule that fluctuates between work and leisure, mirroring a pattern of recurring
sabbaticals.
Answer: True
Feedback: About 46 percent of employees in both the United States and Russia would prefer
a work schedule that fluctuates between work and leisure, mirroring a pattern of recurring
sabbaticals. This similarity can be taken into account by a U.S. firm when considering
opening a business in Russia.
AACSB: Analytic
Bloom's: Remember
Learning Objective: 01-03 EXAMINE the changing balance of global economic power and
trade and investment flows among countries.
Level of Difficulty: 1 Easy
Topic: Economic Performance and Issues of Major Regions
15. The ultimate objective of the European Union (EU) is to eliminate all trade barriers
among member countries.
Answer: True
Feedback: The ultimate objective of the European Union is to eliminate all trade barriers
among member countries (like between the states in the United States).
AACSB: Analytic
Bloom's: Remember
Learning Objective: 01-03 EXAMINE the changing balance of global economic power and
trade and investment flows among countries.
Level of Difficulty: 1 Easy
Topic: Economic Performance and Issues of Major Regions
16. The economy of Argentina outweighs that of any other South American country with an
economic output comparable to that of France and has become a worldwide presence.
Answer: False
Feedback: The Brazilian economy outweighs that of any other South American country with
an economic output comparable to that of France and has become a worldwide presence.
Given Brazil's large and relatively well-educated population, ample natural resources,
existing industrial base, and strategic geographic position, longer-term prospects are still
potentially positive.
AACSB: Analytic
Bloom's: Remember
Learning Objective: 01-03 EXAMINE the changing balance of global economic power and
trade and investment flows among countries.
Level of Difficulty: 1 Easy
Topic: Economic Performance and Issues of Major Regions
17. The Brazilian economy outweighs that of any other South American country with an
economic output comparable to that of France.
Answer: True
Feedback: The Brazilian economy outweighs that of any other South American country with
an economic output comparable to that of France. Longer-term prospects are still potentially
1-5
Copyright © 2018 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the
prior written consent of McGraw-Hill Education.
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two things: First, respond to the demands which the people make
upon the Democratic party now in its condition of probation; and,
second, disarm that great body of officials who as disciplined armies
go forth to control the Presidential elections.
I believe, and I am only excused from making this remark because
of what I have heard publicly and in private conversation upon the
floor of the Senate—I believe if we argue this question upon the lower
plane of mere partisan advantage we Democrats ought to support the
measure. It has been said that this abandonment of the spoils system
will retain in office the appointees of the Republican party. I conceal
nothing; I state it in my place in Senate, and before my fellow-
Senators who are of the other persuasion, I do not think it. There is
no proposition to extend the term of office where it is now fixed, nor
in any wise limit the constitutional power of removal from office. The
proposition is simply and only that where a new appointment shall
be made the element of fitness shall be decisive. Can any Democrat
object to that?
How many Democrats are there in office now? How many will
there ever be under the spoils system? The Republicans have
possession of the Government for two years and more. How many
Democrats will be put in office during that time, except on the merit
system? Not one. But if this system be fairly inaugurated and
administered within one year there will be fifty where now there is
one.
It has been said that the abandonment of the spoils system will
exclude Democrats from office when the day of our victory shall
come. I do not think it. On the contrary, I believe that the adoption of
this policy as our party creed will hasten the day of the victory of our
party and its adoption as a law will under any administration fill
many offices with Democrats. I think it will bring to our aid very
many men not hitherto of our political faith who believe this reform a
vital question in our politics. I think it will disarm and disorganize
and neutralize the trained bands of office-holders who have wrested
from us, as I have said, at least two Presidential elections. And
finally, repudiating utterly, as I do, that the animating spirit of the
Democratic party is the love of spoils, and that its cohesive principle
is that of public plunder—repudiating, I say, that doctrine, I think the
Democrats throughout this land—I know that in my own State they
can—will stand the test of any examination, and in a fair field will not
come out second best.
Who shall do them the discredit, who shall do this party, now
numbering at least half the people of this country, the discredit to say
that they can not stand the test of merit for official position and
promotion with any equal number of men in any party of the
country.
I have detained the Senate much too long, and yet I must add that
the very best aid to any system of reforming the service is in the most
rigid application of the democratic theory of the Federal Constitution
and Government; that its powers are all granted; that the subjects on
which it can act are very limited; that it should refrain from enlarging
its jurisdiction, or even exercising admitted but unnecessary powers;
that it should scrupulously avoid “undue administration.” Add to this
the election by the people to local Federal offices, and there will be
little necessity and little room for other methods.
Dear Sir: Will you please advise the Committee on Finance whether or not there
are any papers or charges on file reflecting against the official or moral character of
——, late collector of internal revenue for the first district of ——, suspended?
If there are any such papers or charges will you please communicate their nature
and character to the committee?
Respectfully, yours,
D. MANNING, Secretary.