XCAT1123N T3

When a U.S. ship yard purchases raw materials from locations around the world, for example steel from China, this is called ________.

• licensing

• a joint venture

• global sourcing

• a global alliance

Which of the following is NOT a key characteristic of a global organization?

• exchanges goods and services with consumers in other countries

• employs high-level technical employees and managerial talent from other countries

• uses resources from other countries

• has a home country in which all decisions are made and all profits flow

A multinational corporation (MNC) ________.

• is any organization that maintains operations in more than one country

• is defined as a company that has its home base in the United States and various operations overseas

• includes any company that exports goods overseas

• is defined as any company that has no home base

Franchising is used widely by ________.

• universities

• accounting firms

• restaurant chains

• electric power companies

A fully global organization might set up a ________ with a foreign company to create a new, independent company that produces a specific product.

• foreign subsidiary

• franchise

• licensing agreement

• joint venture

A Coca-Cola bottling plant in Bolivia is wholly owned by a local businessperson. What kind of venture is this plant likely to be?

• a franchise

• a licensed plant

• a foreign subsidiary

• a joint venture

Shana is considering forming a partnership with a Dutch corporation that will create an entirely new company called Half Moon. What kind of enterprise will Half Moon be?

• a multidomestic corporation

• a foreign subsidiary

• a joint venture

• a domestic subsidiary

Shana's company "went global" several years ago. Which of the following was likely to have been the first step it took in going global?

• outsourcing

• importing

• exporting

• licensing

Bill Sanderson, a manager in a manufacturing firm in New York has a tendency to view the world only through his U.S.-based perspective. What can be deduced about his attitude?

• He has an elitist attitude

• He has a polycentric attitude

• He has a parochialistic attitude

• He has a geocentric attitude

Melanie joined an international student association in order to better understand the views of students from other countries. She is trying to become more ________ in her attitude.

• parochialistic

• polycentric

• ethnocentric

• geocentric