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Questions and Answers

Which dimension of culture contrasts with individualism?

  • Universalism
  • Collectivism (correct)
  • Achievement
  • Neutral

    • What does the Divergence Hypothesis suggest about countries?

  • They will maintain distinctive characteristics. (correct)
  • They will become more similar over time.
  • They will adopt a universal culture.
  • They will ignore cultural influences.

    • Which dimension of Trompenaars and Hampden-Turner classification refers to how cultures express emotions?

  • Neutral vs emotional (correct)
  • Achievement vs ascription
  • Attitudes to time
  • Attitudes toward the environment

    • Which of the following layers of culture can influence business operations in a country?

    <p>Demographics</p> Signup and view all the answers

    What is a key role of political behavior in international business?

    <p>It secures power relations.</p> Signup and view all the answers

    Which cultural dimension focuses on how tasks are approached in relation to time?

    <p>Attitudes to time</p> Signup and view all the answers

    What can ethnic communities in a country affect in terms of business?

    <p>Consumer preferences</p> Signup and view all the answers

    What is a challenge that businesses may face when dealing with political authorities?

    <p>Diverse institutional contexts during negotiations</p> Signup and view all the answers

    What is one primary characteristic of cultural imperialism?

    <p>Exploitation of host country resources</p> Signup and view all the answers

    What percentage of international firms are classified as SMIEs?

    <p>94%</p> Signup and view all the answers

    Which of the following is considered a barrier to SME internalization?

    <p>Access to capital</p> Signup and view all the answers

    What is a characteristic of a developed market multinational enterprise (DMNE)?

    <p>Operates in multiple countries</p> Signup and view all the answers

    What do language families indicate?

    <p>Distinct patterned usages that connect many national cultures</p> Signup and view all the answers

    What are SMIEs often perceived as in the context of cultural imperialism?

    <p>Agents of neo-colonialism</p> Signup and view all the answers

    What does the term 'vulnerability to intellectual property violations' refer to?

    <p>Risk of losing ownership rights in foreign markets</p> Signup and view all the answers

    What elements are included in the definition of culture?

    <p>Art, law, morals, customs, and knowledge</p> Signup and view all the answers

    What is the main characteristic of vertical FDI?

    <p>Investing in a foreign business that complements the core operations</p> Signup and view all the answers

    Which of the following defines conglomerate FDI?

    <p>Investment in a foreign business unrelated to the core operations</p> Signup and view all the answers

    Which of these is NOT a requirement for a firm to qualify as a Multinational Enterprise (MNE)?

    <p>Should employ a localized workforce in its home country</p> Signup and view all the answers

    What distinguishes Foreign Portfolio Investment (FPI) from Foreign Direct Investment (FDI)?

    <p>FPI is characterized by short-term investments in foreign securities</p> Signup and view all the answers

    Which index measures the degree to which a company operates internationally?

    <p>Transnationality Index (TNI)</p> Signup and view all the answers

    What are the three ratios used to calculate the Transnationality Index (TNI)?

    <p>Foreign assets, foreign sales, and foreign employment</p> Signup and view all the answers

    What is the main focus of companies categorized as DMNEs (Developing Multinational Enterprises)?

    <p>Operating primarily in emerging markets</p> Signup and view all the answers

    Which of the following factors is NOT associated with the characteristics of DMNEs?

    <p>Product Diversification</p> Signup and view all the answers

    What does cultural distance refer to?

    <p>The extent to which cultures differ from each other</p> Signup and view all the answers

    Which hypothesis suggests that technology and economics are making countries more similar?

    <p>Convergence Hypothesis</p> Signup and view all the answers

    How can governments influence business operations?

    <p>By setting tax policies and regulations</p> Signup and view all the answers

    Cultural stereotypes can be categorized into which of the following types?

    <p>Auto-stereotypes, Ethnocentric, and Hetero-stereotypes</p> Signup and view all the answers

    What role can governments play in relation to multinational enterprises (MNEs)?

    <p>As a distributor and competitor</p> Signup and view all the answers

    Which statement about affinity in cultural relationships is correct?

    <p>Affinity can ease relations between companies and political groups</p> Signup and view all the answers

    What is one of the factors that governments may influence as part of their relationship with MNEs?

    <p>Capital controls and exchange policies</p> Signup and view all the answers

    Which of the following best describes why governments compete for investment?

    <p>To drive economic growth and provide incentives</p> Signup and view all the answers

    Which organization was established in 1995 to promote trade in South America?

    <p>MERCOSUR</p> Signup and view all the answers

    What system regulates the valuations and exchange of money across countries?

    <p>International Monetary System (IMS)</p> Signup and view all the answers

    Which of the following was a precursor to the Classical Gold Standard?

    <p>Bimetallism</p> Signup and view all the answers

    What is the primary function of a commodity cartel?

    <p>To protect against price fluctuations and control production</p> Signup and view all the answers

    What established the Economic Community of West African States (ECOWAS)?

    <p>An initiative by West African states in 1975</p> Signup and view all the answers

    Which period lasted between 1945 and 1972 in the evolution of the international monetary system?

    <p>Bretton Woods System</p> Signup and view all the answers

    Which of the following organizations was formed from the members of the East African Economic Community?

    <p>Preferential Trade Area (PTA)</p> Signup and view all the answers

    What does the Flexible Exchange Rate Regime primarily indicate?

    <p>Rates that fluctuate based on market forces</p> Signup and view all the answers

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