PT 1 1-10

A manager does not work directly on tasks for the organization.

• True

• False

One legislator sees decreased tax revenue as the key problem in the budget. A second legislator sees increased spending as the problem. Each of these legislators has a(n) ________.

• representation bias

• self-serving bias

• framing bias

• availability bias

Paul's Welding denied a request from a local Peewee League softball team to provide t-shirts for the t-ball players, even though Paul's would have been permitted to put its business name on the shirts. From his decision we can deduce that Paul subscribes to the ________.

• social responsiveness code of conduct

• socioeconomic position

• classical view of social responsibility

• Keynesian view of economics

A ________ is a formal document that states an organization's primary values and the ethical rules it expects its employees to follow.

• code of ethics

• mission statement

• statement of purpose

• vision statement

A game company in Thailand wants TJ Soft to join it and work together to create a new game that bears the brand name of both companies. What would be an appropriate approach for this venture?

• global strategic alliance

• licensing agreement

• joint venture

• franchise

Multinational corporations maintain significant operations in two or more countries simultaneously.

• True

• False

Unstructured problems are ________.

• clear and straightforward

• perfectly rational

• situations in which all options are known

• situations in which all options are not known

If Shana's company decides to open operations in France but maintain company management in the United States, it would be considered a ________.

• global corporation

• multidomestic corporation

• joint venture

• transnational corporation

A firm in South America wants to open a TJ Store in a shopping mall. What is the best approach for this firm?

• licensing agreement

• franchise

• strategic alliance

• foreign subsidiary

Which one of the following is usually found in the final stage of an organization's global evolution?

• exporting products to other countries

• outsourcing jobs to foreign countries

• establishing strategic alliances with partners