Global Business and Cultural Concepts Quiz
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Questions and Answers

What is the term for the basic economic problem that all societies face?

  • Scarcity (correct)
  • Abundance
  • Prosperity
  • Sustainability

    • What does the term 'third sector' refer to?

  • Voluntary sector (correct)
  • Private sector
  • Industrial sector
  • Public sector

    • What is the idea that consumers drive business decisions about what to produce called?

  • Consumer Sovereignty (correct)
  • Government Control
  • Corporate Domination
  • Market Monopoly

    • What is a multinational corporation defined as?

    <p>Carrying out production in more than 1 country</p> Signup and view all the answers

    In an Emotional-based culture, how do people view expressing emotions at work?

    <p>It is welcome and accepted</p> Signup and view all the answers

    In Individualism-oriented cultures, what do people believe in?

    <p>Personal freedom and achievement</p> Signup and view all the answers

    In Communitarianism-oriented cultures, what is the priority?

    <p>The group over the individual</p> Signup and view all the answers

    What is the focus of Specific orientated cultures?

    <p>Work and personal lives are separate</p> Signup and view all the answers

    What is the emphasis in Diffuse orientated cultures?

    <p>Overlap between work and personal life</p> Signup and view all the answers

    In Achievement orientated cultures, how are individuals judged?

    <p>Based on their achievements</p> Signup and view all the answers

    How do Sequential orientated cultures perceive time?

    <p>In a linear fashion</p> Signup and view all the answers

    What is the basis of status in Ascription orientated cultures?

    <p>Social position and age</p> Signup and view all the answers

    What is characteristic of Synchronic orientated cultures?

    <p>Several events juggled at the same time</p> Signup and view all the answers

    In Internal direction cultures, what is the focus?

    <p>Controlling the environment</p> Signup and view all the answers

    What is the emphasis in Outward direction cultures?

    <p>Living in harmony with nature</p> Signup and view all the answers

    What does a license in the context of business refer to?

    <p>A legal contract authorizing one business to use confidential business practices/assets of another business for a fee</p> Signup and view all the answers

    What is the term for buying and selling products and services from firms in other countries?

    <p>Importing and exporting</p> Signup and view all the answers

    What is the term for an employee working in a country where the company HQ is located and in another country where its operation is located?

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

    What is the dimension of culture related to people's preference for unstructured/structured situations?

    <p>Uncertainty avoidance</p> Signup and view all the answers

    What is the practice of union representatives holding positions on a company's board of directors?

    <p>Co-determination</p> Signup and view all the answers

    What are the possible global assignment classifications mentioned in the text?

    <p>Expats, host country nationals, and third country nationals</p> Signup and view all the answers

    What type of development assignment is aimed at fostering intercultural understanding?

    <p>Global assignments for intercultural understanding</p> Signup and view all the answers

    What are the different types of exporting mentioned in the text?

    <p>Direct, indirect, and counter trade (barter)</p> Signup and view all the answers

    What concept involves oligopolists competing through innovation?

    <p>Schumpeter's 'creative destruction'</p> Signup and view all the answers

    What are global assignments for extended projects in other countries called?

    <p>Functional assignments</p> Signup and view all the answers

    What is the term for the development of competition for big multinationals from small and medium-sized rivals through 'the cloud' development?

    <p>Increased competition</p> Signup and view all the answers

    What is the term for a multinational enterprise with operating units in foreign countries?

    <p>Multinational enterprise</p> Signup and view all the answers

    What are global assignments for strategic jobs with intercultural understanding classified as?

    <p>Strategic assignments</p> Signup and view all the answers

    What is the term for the idea that consumers drive business decisions about what to produce?

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

    What is lost when a company leaves the firm?

    <p>Tacit Knowledge</p> Signup and view all the answers

    What does ICT (Information and Communications Technology) enable international firms to do?

    <p>Monitor their employees more closely</p> Signup and view all the answers

    What does a multinational corporation (MNC) undertake when it carries out production in more than one country?

    <p>Transnational Operation</p> Signup and view all the answers

    What is the term for a global assignment for extended projects in other countries?

    <p>Functional assignments</p> Signup and view all the answers

    What is the dimension of culture related to people's preference for unstructured/structured situations?

    <p>Uncertainty avoidance</p> Signup and view all the answers

    What is the practice of union representatives holding positions on a company's board of directors called?

    <p>Co-determination</p> Signup and view all the answers

    What is the term for buying and selling products and services from firms in other countries?

    <p>Exporting and importing</p> Signup and view all the answers

    What is the term for an employee working in a country where the company HQ is located and in another country where its operation is located?

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

    What is the term for the development of competition for big multinationals from small and medium-sized rivals through 'the cloud' development?

    <p>Disruptive competition</p> Signup and view all the answers

    What is the term for a multinational enterprise with operating units in foreign countries?

    <p>Transnational company</p> Signup and view all the answers

    What is the term for the basis of status in Ascription orientated cultures?

    <p>Family background</p> Signup and view all the answers

    What is characteristic of Synchronic orientated cultures?

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

    What is the term for the idea that consumers drive business decisions about what to produce?

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

    What is the term for the basic economic problem that all societies face?

    <p>Resource scarcity</p> Signup and view all the answers

    What is the term for the emphasis in Outward direction cultures?

    <p>Self-expression</p> Signup and view all the answers

    In which culture is it welcome and accepted to show emotion at work?

    <p>Emotional-based culture</p> Signup and view all the answers

    In which culture do people believe in personal freedom and making their own decisions?

    <p>Individualism-oriented culture</p> Signup and view all the answers

    In which type of culture is the group more important than the individual?

    <p>Communitarianism-oriented culture</p> Signup and view all the answers

    In which type of culture are work and personal lives separate?

    <p>Specific orientated culture</p> Signup and view all the answers

    In which type of culture is status based on social position and age?

    <p>Ascription orientated culture</p> Signup and view all the answers

    In which type of culture is time perceived in a linear fashion?

    <p>Sequential culture</p> Signup and view all the answers

    In which type of culture do people focus on controlling the environment?

    <p>Internal direction culture</p> Signup and view all the answers

    In which type of culture do people focus on living in harmony with nature?

    <p>Outward direction culture</p> Signup and view all the answers

    In which culture is success and blame often ascribed to the individual?

    <p>Individualism-oriented culture</p> Signup and view all the answers

    In which type of culture are relationships vital to meeting business objectives?

    <p>Diffuse orientated culture</p> Signup and view all the answers

    In which culture is status based on doing and performance?

    <p>Achievement orientated culture</p> Signup and view all the answers

    In which type of culture do people juggle several events at the same time?

    <p>Synchronic culture</p> Signup and view all the answers

    What is the term for the idea that consumers drive business decisions about what to produce?

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

    What is a multinational corporation defined as?

    <p>A company with operations in multiple countries</p> Signup and view all the answers

    What does ICT (Information and Communications Technology) enable international firms to do?

    <p>Monitor employees' work activities</p> Signup and view all the answers

    Which can be seen as part of a commercial firm's intellectual property?

    <p>Brand name such as Coke</p> Signup and view all the answers

    In which type of culture is it welcome and accepted to show emotion at work?

    <p>Emotion-oriented culture</p> Signup and view all the answers

    In which culture is success and blame often ascribed to the individual?

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

    In which type of culture do people believe in personal freedom and making their own decisions?

    <p>Individualism-oriented culture</p> Signup and view all the answers

    In which culture is status based on doing and performance?

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

    In which type of culture do people juggle several events at the same time?

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

    In which culture do people focus on living in harmony with nature?

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

    In which type of culture are work and personal lives separate?

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

    In Internal direction cultures, what is the focus?

    <p>Controlling the environment</p> Signup and view all the answers

    What is the basis of status in Ascription orientated cultures?

    <p>Social position and age</p> Signup and view all the answers

    What is characteristic of Synchronic orientated cultures?

    <p>Juggling several events at the same time</p> Signup and view all the answers

    In Communitarianism-oriented cultures, what is the priority?

    <p>The group over the individual</p> Signup and view all the answers

    In Achievement orientated cultures, how are individuals judged?

    <p>Based on doing and performance</p> Signup and view all the answers

    What is the term for the practice of union representatives holding positions on a company's board of directors?

    <p>Co-determination</p> Signup and view all the answers

    What is the term for buying and selling products and services from firms in other countries?

    <p>Cross-border trade</p> Signup and view all the answers

    In which type of culture are relationships vital to meeting business objectives?

    <p>Group-oriented culture</p> Signup and view all the answers

    What is the term for an employee working in a country where the company HQ is located and in another country where its operation is located?

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

    What is the term for the development of competition for big multinationals from small and medium-sized rivals through 'the cloud' development?

    <p>Digital transformation</p> Signup and view all the answers

    What are global assignments for extended projects in other countries called?

    <p>Functional assignments</p> Signup and view all the answers

    What is the dimension of culture related to people's preference for unstructured/structured situations?

    <p>Uncertainty avoidance</p> Signup and view all the answers

    In which type of culture is time perceived in a linear fashion?

    <p>Sequential-oriented culture</p> Signup and view all the answers

    What is the term for the basic economic problem that all societies face?

    <p>Resource allocation</p> Signup and view all the answers

    What is the term for the idea that consumers drive business decisions about what to produce?

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

    What are the possible global assignment classifications mentioned in the text?

    <p>Expats, host country nationals, and third country nationals</p> Signup and view all the answers

    What does a multinational enterprise undertake when it carries out production in more than one country?

    <p>Transnational operation</p> Signup and view all the answers

    Study Notes

    Global Business and Cultural Concepts

    • "the cloud" development can increase competition for big multinationals from small and medium-sized rivals
    • Schumpeter's "creative destruction" concept involves oligopolists competing through innovation
    • Buying and selling products and services from firms in other countries is called importing and exporting
    • An employee working in a country where the company HQ is located and in another country where its operation is located is considered an expatriate
    • Different types of exporting include direct, indirect, and counter trade (barter)
    • The dimension of culture related to people's preference for unstructured/structured situations is classified as uncertainty avoidance
    • Global assignments for intercultural understanding are called development assignments
    • Global assignments for extended projects in other countries are called functional assignments
    • A multinational enterprise has operating units in foreign countries
    • Co-determination is the practice of union representatives holding positions on a company's board of directors
    • Possible global assignment classifications include expats, host country nationals, and third country nationals
    • Global assignments for strategic jobs with intercultural understanding are classified as strategic assignments

    Global Business and Cultural Concepts

    • "the cloud" development can increase competition for big multinationals from small and medium-sized rivals
    • Schumpeter's "creative destruction" concept involves oligopolists competing through innovation
    • Buying and selling products and services from firms in other countries is called importing and exporting
    • An employee working in a country where the company HQ is located and in another country where its operation is located is considered an expatriate
    • Different types of exporting include direct, indirect, and counter trade (barter)
    • The dimension of culture related to people's preference for unstructured/structured situations is classified as uncertainty avoidance
    • Global assignments for intercultural understanding are called development assignments
    • Global assignments for extended projects in other countries are called functional assignments
    • A multinational enterprise has operating units in foreign countries
    • Co-determination is the practice of union representatives holding positions on a company's board of directors
    • Possible global assignment classifications include expats, host country nationals, and third country nationals
    • Global assignments for strategic jobs with intercultural understanding are classified as strategic assignments

    Global Business and Cultural Concepts

    • "the cloud" development can increase competition for big multinationals from small and medium-sized rivals
    • Schumpeter's "creative destruction" concept involves oligopolists competing through innovation
    • Buying and selling products and services from firms in other countries is called importing and exporting
    • An employee working in a country where the company HQ is located and in another country where its operation is located is considered an expatriate
    • Different types of exporting include direct, indirect, and counter trade (barter)
    • The dimension of culture related to people's preference for unstructured/structured situations is classified as uncertainty avoidance
    • Global assignments for intercultural understanding are called development assignments
    • Global assignments for extended projects in other countries are called functional assignments
    • A multinational enterprise has operating units in foreign countries
    • Co-determination is the practice of union representatives holding positions on a company's board of directors
    • Possible global assignment classifications include expats, host country nationals, and third country nationals
    • Global assignments for strategic jobs with intercultural understanding are classified as strategic assignments

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    Description

    Test your knowledge of global business and cultural concepts with this quiz. Explore topics such as global competition, Schumpeter's "creative destruction" concept, importing and exporting, expatriate employment, cultural dimensions, global assignments, multinational enterprises, and more.

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