mcq 100-200
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Questions and Answers

What is the definition of a Third Country National (TCN) in the context of international assignments?

  • An employee whose nationality is the same as the headquarters
  • An employee who holds a senior management position
  • An employee whose nationality is different from the headquarters and the local subsidiary (correct)
  • An employee whose nationality is the same as the local subsidiary

    • What percentage of medium and large companies were using expatriates around the turn of the millennium?

  • 90%
  • 50%
  • 80% (correct)
  • 60%

    • How long do international assignments typically last?

  • Between two and five years (correct)
  • Exactly five years
  • More than ten years
  • Less than a year

    • What are the three types of assignments proposed by SWAAK 1997?

    <p>Management Development, Business Development, Technical</p> Signup and view all the answers

    What does Hofstede argue is more influential than organisational culture?

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

    In which political system does one person/small group of people hold absolute power?

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

    What represents elements of national culture?

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

    What item describes a legal system based on precedent?

    <p>Common Law</p> Signup and view all the answers

    What is the primary purpose of Global Strategic Alliances (GSA)?

    <p>To pursue mutual interests through resource and capability sharing</p> Signup and view all the answers

    What distinguishes Greenfield Investment from other forms of Foreign Direct Investment (FDI)?

    <p>Building new facilities instead of acquiring existing ones</p> Signup and view all the answers

    What are potential issues with assuming English as the international language of business?

    <p>Foreign customers' inability to understand technical/legal terms</p> Signup and view all the answers

    What is a common reason for the failure of Joint Ventures (JVs)?

    <p>Loss of autonomy, technology leakage, and strategic goal differences</p> Signup and view all the answers

    What does Hofstede's High power distance component correlate with?

    <p>Greater centralization, tall hierarchies, and more supervisory staff</p> Signup and view all the answers

    What is the primary motive behind Mergers & Acquisitions (M&A)?

    <p>Extensions, consolidation, capabilities, financial efficiency, and tax efficiency</p> Signup and view all the answers

    What characterizes Ethnocentrism?

    <p>The perspective of individuals and organizations completely imbued with their own culture, excluding differing cultures</p> Signup and view all the answers

    What is the role of Indirect Exporting?

    <p>Outsourcing the exporting function to intermediaries for export documentation, physical distribution, and sales channels in foreign markets</p> Signup and view all the answers

    What are the types of intermediaries involved in indirect exporting?

    <p>Export house, confirming house, and buying house</p> Signup and view all the answers

    What are the top export product groups of Ireland?

    <p>Perfumes and cosmetics, organic chemicals, and meat</p> Signup and view all the answers

    What are the three classifications of expatriates based on their roles in subsidiaries?

    <p>Bears, bumblebees, and spiders</p> Signup and view all the answers

    What are the significant causes of culture shock for expatriates?

    <p>Cultural distance and the cultural psychic distance paradox</p> Signup and view all the answers

    What are the stages included in the U-curve hypothesis for repatriation model issues?

    <p>Honeymoon, culture shock, adjustment, and integration</p> Signup and view all the answers

    What is a common problem faced by expatriates when repatriating?

    <p>Unrealistic expectations</p> Signup and view all the answers

    What percentage of companies agree that taking on foreign assignments can enhance a career?

    <p>4%</p> Signup and view all the answers

    What is critical for successful expatriate management?

    <p>The repatriation of international managers</p> Signup and view all the answers

    What is the definition of globalization?

    <p>Being tied together into a single globalized marketplace and village driven by the spread of free market capitalism</p> Signup and view all the answers

    What is involved in minimizing cultural risk for expatriates?

    <p>Fact-finding, developing an interest in the target culture, avoiding bias, and building cross-cultural skills</p> Signup and view all the answers

    What is the most common perception of international assignments?

    <p>A means to increase personal market value</p> Signup and view all the answers

    What is critical for improving expat management?

    <p>Enhancing selection, preparation, and support</p> Signup and view all the answers

    What model issues are associated with repatriation?

    <p>The U-curve model being more accurately described as a W-curve model</p> Signup and view all the answers

    What is the primary factor in the spread of culture shock?

    <p>The failure of intercultural communication and the need to adapt to a new environment</p> Signup and view all the answers

    What is the primary focus of Comparative Management?

    <p>Exploring the landscape, contours, and national patterns of development</p> Signup and view all the answers

    What did Bonache and Brewster find regarding the duration of international assignments?

    <p>Assignments requiring a high level of general management knowledge last the longest</p> Signup and view all the answers

    What is the primary goal of Business Development Assignments according to SWAAK 1997?

    <p>Assisting a start-up venture abroad</p> Signup and view all the answers

    What characterizes a Third Country National (TCN) in the context of international assignments?

    <p>Nationality of employee is neither that of the headquarters nor the local subsidiary</p> Signup and view all the answers

    In which countries did Hofstede find a preference for long-term orientation and quick return on investments respectively?

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

    In a federal system of government like the US, firms wanting public contracts may have to persuade decision makers at different levels of the federation due to:

    <p>Decentralized decision-making</p> Signup and view all the answers

    What do falling tax rates on profits aim to achieve?

    <p>Retain and attract investment by multinational companies</p> Signup and view all the answers

    What represents elements of national culture?

    <p>Location, Religion, Language</p> Signup and view all the answers

    What are the stages included in the W-curve hypothesis for repatriation model issues?

    <p>Honeymoon, crisis, recovery, and adjustment</p> Signup and view all the answers

    What is the primary cause of culture shock for expatriates?

    <p>Cultural distance and the cultural psychic distance paradox</p> Signup and view all the answers

    What is critical for successful expatriate management?

    <p>Enhancing selection, preparation, and support</p> Signup and view all the answers

    What are the classifications of expatriates based on their roles in subsidiaries?

    <p>Bears, bumblebees, and spiders</p> Signup and view all the answers

    What is the definition of globalization?

    <p>Being tied together into a single globalized marketplace and village driven by the spread of free market capitalism</p> Signup and view all the answers

    What represents elements of national culture?

    <p>Cultural distance and the cultural psychic distance paradox</p> Signup and view all the answers

    What percentage of companies agree that taking on foreign assignments can enhance a career?

    <p>4%</p> Signup and view all the answers

    What is the role of expatriates in subsidiaries?

    <p>Bears, bumblebees, and spiders</p> Signup and view all the answers

    What are the significant causes of culture shock for expatriates?

    <p>Cultural distance and the cultural psychic distance paradox</p> Signup and view all the answers

    What is involved in minimizing cultural risk for expatriates?

    <p>Fact-finding, developing an interest in the target culture, avoiding bias, and building cross-cultural skills</p> Signup and view all the answers

    What model issues are associated with repatriation?

    <p>The U-curve model being more accurately described as a W-curve model</p> Signup and view all the answers

    What is the primary motive behind taking on foreign assignments?

    <p>Increase personal market value</p> Signup and view all the answers

    What is the primary purpose of a Greenfield Investment?

    <p>To build new facilities in a foreign market</p> Signup and view all the answers

    What is the primary reason for the failure of over 70% of Joint Ventures (JVs)?

    <p>Loss of autonomy and potential competition from local partners</p> Signup and view all the answers

    What is associated with Hofstede's High power distance component?

    <p>Greater centralization and tall hierarchies</p> Signup and view all the answers

    What represents the perspective of individuals and organizations completely imbued with their own culture?

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

    What are the types of intermediaries involved in indirect exporting?

    <p>Export house, confirming house, and buying house</p> Signup and view all the answers

    What is a potential issue with assuming English as the international language of business?

    <p>Foreign customers' inability to understand technical/legal terms</p> Signup and view all the answers

    What represents motives behind Mergers & Acquisitions (M&A)?

    <p>Extensions, consolidation, capabilities, financial efficiency, and tax efficiency</p> Signup and view all the answers

    What is involved in Equity Joint Venture (EJV)?

    <p>Creating a separate entity by two or more parent firms</p> Signup and view all the answers

    What are Global Strategic Alliances (GSA) primarily aimed at?

    <p>Pursuing mutual interests through resource and capability sharing</p> Signup and view all the answers

    What is a common form of Foreign Direct Investment (FDI)?

    <p>Greenfield Investment</p> Signup and view all the answers

    What are the top export product groups of Ireland?

    <p>Perfumes and cosmetics, organic chemicals, and meat</p> Signup and view all the answers

    What is a potential risk associated with Joint Ventures (JVs)?

    <p>Loss of autonomy and technology leakage</p> Signup and view all the answers

    Which type of international assignment aims to expose managers to foreign business practices to gather international experience?

    <p>Management Development Assignments</p> Signup and view all the answers

    What is the nationality of an employee working at the Chinese subsidiary of Volkswagen, who is not of Chinese nationality?

    <p>Third country national (TCN)</p> Signup and view all the answers

    What percentage of medium and large companies were using expatriates around the turn of the millennium?

    <p>80%</p> Signup and view all the answers

    According to Bonache and Brewster (2001), which type of international assignment lasts the longest?

    <p>Management Development Assignments</p> Signup and view all the answers

    What is the primary reason for falling tax rates on profits?

    <p>To encourage retention and attraction of investment by multinational companies</p> Signup and view all the answers

    Which item best describes a legal system based on written rules?

    <p>Civil Law</p> Signup and view all the answers

    What represents elements of national culture?

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

    In which political system does one person or a small group of people hold absolute power?

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

    What are the three classifications of expatriates based on their roles in subsidiaries?

    <p>Bears, bumblebees, and spiders</p> Signup and view all the answers

    What are the stages included in the W-curve hypothesis for repatriation model issues?

    <p>Honeymoon, crisis, recovery, and adjustment</p> Signup and view all the answers

    What is the primary cause of culture shock for expatriates?

    <p>Failure of intercultural communication and the need to adapt to a new environment</p> Signup and view all the answers

    What is the definition of globalization?

    <p>Being tied together into a single globalized marketplace and village driven by the spread of free market capitalism</p> Signup and view all the answers

    What model issues are associated with repatriation?

    <p>Unrealistic expectations, lack of appreciation, unwelcoming social networks, and lack of appropriate jobs</p> Signup and view all the answers

    What represents elements of national culture?

    <p>Cultural distance and the cultural psychic distance paradox</p> Signup and view all the answers

    What is critical for improving expat management?

    <p>Enhancing selection, preparation, and support</p> Signup and view all the answers

    What are the significant causes of culture shock for expatriates?

    <p>Cultural distance and the cultural psychic distance paradox</p> Signup and view all the answers

    What is the primary purpose of Global Strategic Alliances (GSA)?

    <p>Enhancing competitive advantage through cooperation</p> Signup and view all the answers

    What is the primary motive behind taking on foreign assignments?

    <p>Enhancing career prospects</p> Signup and view all the answers

    What is the role of expatriates in subsidiaries?

    <p>Bears, bumblebees, and spiders</p> Signup and view all the answers

    What is the primary reason for the failure of over 70% of Joint Ventures (JVs)?

    <p>Loss of autonomy and potential future competition from local partners</p> Signup and view all the answers

    What is the role of Indirect Exporting?

    <p>Outsourcing the exporting function to intermediaries for export documentation, physical distribution, and sales channels in foreign markets</p> Signup and view all the answers

    What distinguishes Greenfield Investment from other forms of Foreign Direct Investment (FDI)?

    <p>Involves building new facilities</p> Signup and view all the answers

    What are the types of intermediaries involved in indirect exporting?

    <p>Export house, confirming house, and buying house</p> Signup and view all the answers

    What are Global Strategic Alliances (GSA) primarily aimed at?

    <p>Pursuing mutual interests through resource and capability sharing</p> Signup and view all the answers

    What is the perspective of individuals and organizations completely imbued with their own culture, excluding differing cultures?

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

    What is the motive behind Mergers & Acquisitions (M&A) extensions?

    <p>Extending market reach or product lines</p> Signup and view all the answers

    What represents a potential risk associated with Joint Ventures (JVs)?

    <p>Technology leakage</p> Signup and view all the answers

    What is critical for successful expatriate management?

    <p>Understanding cultural differences and providing adequate support</p> Signup and view all the answers

    What represents a potential issue with assuming English as the international language of business?

    <p>Foreign customers' inability to understand technical/legal terms and fluency differences</p> Signup and view all the answers

    What is the top export product group of Ireland?

    <p>Perfumes and cosmetics</p> Signup and view all the answers

    What is associated with Hofstede's High power distance component?

    <p>Greater centralization and tall hierarchies</p> Signup and view all the answers

    Study Notes

    International Business and Strategic Alliances Summary

    • Global Strategic Alliances (GSA) are cross-border partnerships between firms from different countries aiming to pursue mutual interests through resource and capability sharing.
    • Equity Joint Venture (EJV) is a separate entity created by two or more parent firms that collectively invest financial and other resources.
    • Greenfield Investment involves building new facilities, contrasting with acquiring existing ones, and is a common form of Foreign Direct Investment (FDI).
    • Joint Ventures (JVs) allow firms to enter costly and risky activities, acquire partner knowledge, enhance economies of scale, and prevent competition.
    • Over 70% of JVs fail due to issues such as loss of autonomy, technology leakage, strategic goal differences, and potential future competition from local partners.
    • Hofstede's High power distance component is associated with greater centralization, tall hierarchies, and more supervisory staff.
    • Mergers & Acquisitions (M&A) motives include extensions, consolidation, capabilities, financial efficiency, and tax efficiency.
    • Ethnocentrism is the perspective of individuals and organizations completely imbued with their own culture, excluding differing cultures.
    • Indirect Exporting involves outsourcing the exporting function to intermediaries for export documentation, physical distribution, and sales channels in foreign markets.
    • Potential issues with assuming English as the international language of business include foreign customers' inability to understand technical/legal terms and fluency differences.
    • Export house, confirming house, and buying house are types of intermediaries involved in indirect exporting, each with specific roles in the export process.
    • Ireland's top export product groups include perfumes and cosmetics, organic chemicals, and meat.

    Management of Expatriates and Globalization

    • Expatriates can be classified into bears, bumblebees, and spiders based on their roles in subsidiaries.
    • Culture shock is caused by various factors including the failure of intercultural communication and the need to adapt to a new environment.
    • Minimizing cultural risk involves fact-finding, developing an interest in the target culture, avoiding bias, and building cross-cultural skills.
    • Cultural distance and the cultural psychic distance paradox are significant causes of culture shock for expatriates.
    • Repatriation model issues include the U-curve model being more accurately described as a W-curve model.
    • The U-curve hypothesis includes stages like honeymoon, culture shock, adjustment, and integration, while the W-curve hypothesis includes honeymoon, crisis, recovery, and adjustment.
    • Repatriation problems include unrealistic expectations, lack of appreciation, unwelcoming social networks, and lack of appropriate jobs.
    • Expatriates often face a lack of appropriate jobs due to the perception of international assignments as a means to increase personal market value.
    • Only 4% of companies agree that taking on foreign assignments can enhance a career.
    • Improving expat management involves enhancing selection, preparation, and support.
    • The repatriation of international managers is critical for successful expatriate management.
    • Globalization is defined as being tied together into a single globalized marketplace and village driven by the spread of free market capitalism.

    Management of Expatriates and Globalization

    • Expatriates can be classified into bears, bumblebees, and spiders based on their roles in subsidiaries.
    • Culture shock is caused by various factors including the failure of intercultural communication and the need to adapt to a new environment.
    • Minimizing cultural risk involves fact-finding, developing an interest in the target culture, avoiding bias, and building cross-cultural skills.
    • Cultural distance and the cultural psychic distance paradox are significant causes of culture shock for expatriates.
    • Repatriation model issues include the U-curve model being more accurately described as a W-curve model.
    • The U-curve hypothesis includes stages like honeymoon, culture shock, adjustment, and integration, while the W-curve hypothesis includes honeymoon, crisis, recovery, and adjustment.
    • Repatriation problems include unrealistic expectations, lack of appreciation, unwelcoming social networks, and lack of appropriate jobs.
    • Expatriates often face a lack of appropriate jobs due to the perception of international assignments as a means to increase personal market value.
    • Only 4% of companies agree that taking on foreign assignments can enhance a career.
    • Improving expat management involves enhancing selection, preparation, and support.
    • The repatriation of international managers is critical for successful expatriate management.
    • Globalization is defined as being tied together into a single globalized marketplace and village driven by the spread of free market capitalism.

    International Business and Strategic Alliances Summary

    • Global Strategic Alliances (GSA) are cross-border partnerships between firms from different countries aiming to pursue mutual interests through resource and capability sharing.
    • Equity Joint Venture (EJV) is a separate entity created by two or more parent firms that collectively invest financial and other resources.
    • Greenfield Investment involves building new facilities, contrasting with acquiring existing ones, and is a common form of Foreign Direct Investment (FDI).
    • Joint Ventures (JVs) allow firms to enter costly and risky activities, acquire partner knowledge, enhance economies of scale, and prevent competition.
    • Over 70% of JVs fail due to issues such as loss of autonomy, technology leakage, strategic goal differences, and potential future competition from local partners.
    • Hofstede's High power distance component is associated with greater centralization, tall hierarchies, and more supervisory staff.
    • Mergers & Acquisitions (M&A) motives include extensions, consolidation, capabilities, financial efficiency, and tax efficiency.
    • Ethnocentrism is the perspective of individuals and organizations completely imbued with their own culture, excluding differing cultures.
    • Indirect Exporting involves outsourcing the exporting function to intermediaries for export documentation, physical distribution, and sales channels in foreign markets.
    • Potential issues with assuming English as the international language of business include foreign customers' inability to understand technical/legal terms and fluency differences.
    • Export house, confirming house, and buying house are types of intermediaries involved in indirect exporting, each with specific roles in the export process.
    • Ireland's top export product groups include perfumes and cosmetics, organic chemicals, and meat.

    International Business and Strategic Alliances Summary

    • Global Strategic Alliances (GSA) are cross-border partnerships between firms from different countries aiming to pursue mutual interests through resource and capability sharing.
    • Equity Joint Venture (EJV) is a separate entity created by two or more parent firms that collectively invest financial and other resources.
    • Greenfield Investment involves building new facilities, contrasting with acquiring existing ones, and is a common form of Foreign Direct Investment (FDI).
    • Joint Ventures (JVs) allow firms to enter costly and risky activities, acquire partner knowledge, enhance economies of scale, and prevent competition.
    • Over 70% of JVs fail due to issues such as loss of autonomy, technology leakage, strategic goal differences, and potential future competition from local partners.
    • Hofstede's High power distance component is associated with greater centralization, tall hierarchies, and more supervisory staff.
    • Mergers & Acquisitions (M&A) motives include extensions, consolidation, capabilities, financial efficiency, and tax efficiency.
    • Ethnocentrism is the perspective of individuals and organizations completely imbued with their own culture, excluding differing cultures.
    • Indirect Exporting involves outsourcing the exporting function to intermediaries for export documentation, physical distribution, and sales channels in foreign markets.
    • Potential issues with assuming English as the international language of business include foreign customers' inability to understand technical/legal terms and fluency differences.
    • Export house, confirming house, and buying house are types of intermediaries involved in indirect exporting, each with specific roles in the export process.
    • Ireland's top export product groups include perfumes and cosmetics, organic chemicals, and meat.

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    Description

    Test your knowledge of International Business and Strategic Alliances, and Management of Expatriates and Globalization with this quiz. Explore topics such as Global Strategic Alliances, Joint Ventures, Cultural Risk, Expatriate Classification, Repatriation, and Globalization. Sharpen your understanding of key concepts in international business and expatriate management.

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