BFIB3002 WEEK 3 SEMINAR 2 QUIZ

1.) Acculturation is defined as the process of ________.

• segregating ethnic minorities by distinct groups

• adjusting and adapting to a culture other than one's own

• learning the behavioral patterns and rules of one's own society

• forcing minority cultures to adopt the values of the dominant culture

2.) Jordan is employed in an American investment firm and is currently working with some Japanese clients on a new project. He uses a lot of hand gestures during meetings, which his clients find very distracting and rude. This has also led to many misunderstandings between Jordan and his Japanese clients in the recent past. Which of the following best describes such a situation?

• risk aversion

• organizational anarchy

• cross-cultural risk

• acculturation

Culture is NOT ________.

• about beliefs and values of society

• relative

• a collective phenomenon

• inherited

A ________ government seeks to control not only all economic and political matters but also the attitudes, values, and beliefs of the citizenry.

• democratic

• socialistic

• mixed

• authoritarian

 

Cross-cultural proficiency is characterized by all of the following EXCEPT ________.

• perceptiveness

• flexibility and adaptability

• valuing personal relationships

• tolerance for ambiguity

 

Which of the following statements is TRUE about managing country risk?

• Scanning allows a firm to assess the potential country risk.

  ner.

• Firms can reduce country risk by entering markets in collaboration with a foreign partner.

• Country risk can seldom be anticipated by advance research.

• Home-country employees are the best source for anticipating country risk in host countries.

Which of the following terms indicates potential loss or adverse effects on company operations and profitability caused by developments in a country's political and/or legal environments?

• commercial risk

• currency risk

• cross-cultural risk

• country risk

8). Which of the following would be the best way for a manager to learn about country risks in a host country?

• analysis of records of competitor firms

• allying with qualified local partners abroad

• host country nationals working abroad

• employees working in the home country

A(n) ________ is an official ban on exports to or imports from a particular country, in order to isolate it and punish its government.

• embargo

• confiscation

• expropriation

• sanction

 

A(n) ________ is a type of trade penalty imposed on one or more countries by one or more other countries

• confiscation

• expropriation

• subsidy

• sanction