International Management: Culture, Strategy, and Behavior 11th Edition by Fred Luthans Test bank
Award: 10.00 points
Which of the following terms is defined as the process of social, political, economic, cultural, and
technological integration among countries around the world?
Internationalization
Offshoring
Globalization
Outsourcing
Globalization can be defined as the process of social, political, economic, cultural, and technological
integration among countries around the world. Evidence of globalization can be seen in increased
levels of trade, capital flows, and migration.
References
Multiple Choice Learning Objective:
01-01 ASSESS the
implications of
globalization for
countries, industries,
firms, and
communities.
23.
Award: 10.00 points
_____ is the process of applying management concepts and techniques in a multinational
environment and adapting management practices to different economic, political, and cultural
environments.
Strategic management
Internationalization
Globalization
International management
International management is the process of applying management concepts and techniques in a
multinational environment and adapting management practices to different economic, political, and
cultural contexts.
References
Multiple Choice Learning Objective:
01-01 ASSESS the
implications of
globalization for
countries, industries,
firms, and
communities.
24.
Award: 10.00 points
To qualify as a multinational corporation (MNC), a firm must meet all of the following criteria except:
operations in more than one country.
international sales.
a mix of nationalities among managers and owners.
sales of at least one million dollars per year.
An MNC is a firm that has operations in more than one country, international sales, and a mix of
nationalities among managers and owners.
References
Multiple Choice Learning Objective:
01-01 ASSESS the
implications of
globalization for
countries, industries,
firms, and
communities.
25.
Award: 10.00 points
Critics of globalization believe that:
the offshoring of business services jobs to lower-wage countries inherently creates greater
opportunities at home.
growing trade deficits and slow wage growth are damaging economies.
when production moves to countries to take advantage of less-regulated environments, an
upward pressure is created on wages and working conditions.
the main winners of globalization are the low-wage workers.
In the context of globalization, critics believe that growing trade deficits and slow wage growth are
damaging economies. They also believe that globalization may be moving too fast for some
emerging markets, which could result in economic collapse.
References
Multiple Choice Learning Objective:
01-01 ASSESS the
implications of
globalization for
countries, industries,
firms, and
communities.
26.
Award: 10.00 points
The subcontracting or contracting out of activities to external organizations that had previously
been performed by a firm is called _____.
homesourcing
insourcing
offshoring
outsourcing
Outsourcing is the subcontracting or contracting out of activities to external organizations that had
previously been performed by a firm.
References
Multiple Choice Learning Objective:
01-01 ASSESS the
implications of
globalization for
countries, industries,
firms, and
communities.
27.
Award: 10.00 points
_____ is the process by which companies undertake some activities at offshore locations instead of
in their countries of origin.
Homesourcing
Insourcing
Offshoring
Globalization
Offshoring is the process by which companies undertake some activities at offshore locations
instead of in their countries of origin.
References
Multiple Choice Learning Objective:
01-01 ASSESS the
implications of
globalization for
countries, industries,
firms, and
communities.
28.
Award: 10.00 points
The _____ is the global organization of countries that oversees rules and regulations for
international trade and investment, including agriculture, intellectual property, services, competition,
and subsidies.
WTO
NAFTA
WIPO
ITO
The WTO is the global organization of countries that oversees rules and regulations for international
trade and investment, including agriculture, intellectual property, services, competition, and