MULTIPLE CHOICE
1.Increasing ____ has forced many American firms to seek overseas markets in order to stay competitive.
a.domestic competition
b.foreign competition
c.cost of raw materials
d.cost of benefits
2.U.S. exports have ____ in the last two decades.
a.doubled
b.tripled
c.increased more than five times
d.increased more than 10 times
3.What is the percentage increase recorded per year in the overseas sales of U.S. companies in the last decade?
a.5 percent
b.10 percent
c.15 percent
d.20 percent
4.____ are overseas operations that firms own.
a.Wholly owned subsidiaries
b.Foreign partners
c.Multinational operations
d.Joint ventures
5.Which of the following models will be best suited for an American firm intending to set up operations in a foreign country where it lacks marketing experience?
a.Joint ventures
b.Offshore production
c.Wholly owned subsidiaries
d.Outsourced business operations
6.In recent years, American firms looking to expand internationally, while strong with respect to design and manufacturing, often lack:
a.financial experience.
b.marketing experience.
c.economic experience.
d.accounting experience.
7.When U.S. firms cross borders and set up subsidiaries overseas, they easily lose competitive advantage if:
a.they fail to retain sole ownership of the venture.
b.they do not try to superimpose American HR practices on the subsidiary.
c.they try to superimpose American HR practices on the subsidiary.
d.they properly develop employees to work in cross culture environments.
8.American-Japanese joint ventures that fail generally suffer from:
a.poor planning.
b.financial problems.
c.production/design problems.
d.inability to work together effectively.
9.Which of the following are the most visible signs of a particular culture?
a.Beliefs
b.Values
c.Artifacts
d.Assumptions
10.____ are tangible aspects of a country’s culture, like music and clothing fashions.
a.Artifacts
b.Values
c.Assumptions
d.Beliefs