International Business

Safe work environments motivate ________; challenges motivate ________.

• individualists; collectivists

• collectivists; individualists

• non-fatalists; fatalists

• materialists; non-materialists

Managers should be more precise in their directions to subordinates when ________.

• the company has a philosophy of geocentrism

• the society believes age equals wisdom

• uncertainty avoidance is high

• power distance is low

Which of the following has NOT been a major force increasing globalization in recent decades?

• liberalization of cross-border trade

• increase in and expansion of technology

• growing pressure from consumers

• decreasing prices of natural resources

A culture in which people prefer to finish one task before starting another is most accurately characterized as which of the following?

• low-context

• monochronic

• pragmatic

• high power distance

When divergent cultures come in contact, ________ occurs.

• power distance

• culture shock

• culture collision

• group membership

________ refers to a political system in which government is organized by and accountable to the people.

• Totalitarianism

• Fascism

• Socialism

• Democracy

The Economic Freedom Index indicates that economic freedom is positively correlated with all of the following EXCEPT ________.

• life expectancy

• literacy

• environment sustainability

• diversity

Which of the following is NOT a characteristic of capitalism?

• private ownership of assets

• right to profit from individual effort

• state control of factors of production

• private control of investment

Presently, which of the following countries is BEST characterized as a pure example of a command economy?

• Russia

• North Korea

• China

• Vietnam

Country X is in the process of transforming from a command economy to a market economy. This process most likely involves

• standardized procedures implemented by the state

• high economic growth rates for the long term

• privatization of many factors of production

• violent political and legal upheaval