Business in Emerging Markets
Test Preparation
Course Introduction
This course explores the unique opportunities and challenges of conducting business in emerging markets, focusing on rapidly developing economies across Asia, Africa, Latin America, and Eastern Europe. Students will examine the factors driving market growth, including demographic trends, technological advancements, and evolving political and legal environments. The course also addresses strategies for entry and expansion, adaptation to local cultures and consumer behaviors, risk management, and ethical considerations. Through case studies and real-world examples, students will gain insights into how multinational and local firms navigate competitive landscapes and contribute to economic development in these dynamic regions.
Recommended Textbook
International Management Managing Text and Cases 9th Edition by Helen Deresky
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11 Chapters
1078 Verified Questions
1078 Flashcards
Source URL: https://quizplus.com/study-set/1507 Page 2
Chapter 1: Assessing the Environment: Political, Economic,
Legal, Technological
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84 Verified Questions
84 Flashcards
Source URL: https://quizplus.com/quiz/29844
Sample Questions
Q1) Confiscation occurs when a local government seizes and provides inadequate compensation for the foreign-owned assets of an MNC.
A)True
B)False
Answer: False
Q2) The quantitative approach evaluates a country's economic risk by assessing the competence of its leaders and analyzing the types of policies they are likely to implement.
A)True
B)False
Answer: False
Q3) For autonomous international subsidiaries, most of the impact from political risks will be in which of the following areas?
A)financial operations
B)ownership and control
C)marketing and sales operations
D)managerial strategy and policy-making
Answer: B
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Chapter 2: Managing Interdependence, Social Responsibility, and Ethics
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89 Verified Questions
89 Flashcards
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Sample Questions
Q1) What is the primary problem for MNCs that try to define organizational ethics?
Answer: The biggest single problem for MNCs in their attempt to define a corporate-wide ethical posture is the great variation of ethical standards around the world.Many practices that are considered unethical or even illegal in some countries are accepted ways of doing business in others.
Q2) Which of the following is dedicated to monitoring issues of data privacy in Europe?
A)the Telecommunications Data Protection directive
B)the EU Data Retention Directive
C)the EU Directive of Data Protection
D)the Privacy and Electronic Communications EC Directive
Answer: C
Q3) What are the proposed global labor standards of SA8000?
Answer: The five proposed global labor standards include: (1)do not use child or forced labor, (2)provide a safe working environment, (3)respect workers' right to unionize, (4)do not regularly require more than 48-hour work weeks, and (5)pay wages sufficient to meet workers' basic needs.
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Chapter 3: Understanding the Role of Culture
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100 Verified Questions
100 Flashcards
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Sample Questions
Q1) Which of the following Trompenaars's value dimensions explains the source of power and status in society?
A)universalism versus particularism
B)neutral versus affective
C)specific versus diffuse
D)achievement versus ascription
Answer: D
Q2) ________ refers to the belief that the practices of one's own country are best no matter where or under what conditions they are applied.
A)Geocentrism
B)Nationalism
C)Parochialism
D)Ethnocentrism
Answer: D
Q3) Creolization is the process where immigrants completely disregard all aspects of the local culture.
A)True
B)False
Answer: False
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Page 5
Chapter 4: Communicating Across Cultures
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107 Verified Questions
107 Flashcards
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Sample Questions
Q1) In high-context cultures, feelings and thoughts are not explicitly expressed; instead, one has to read between the lines and interpret meaning from one's general understanding.
A)True
B)False
Q2) ________ describes the process of sharing meaning by transmitting messages through media such as words, behavior, or material artifacts.
A)Ethics
B)Communication
C)Planning
D)Strategy
Q3) Anything that serves to undermine the communication of the intended meaning is known as ________.
A)noise
B)encoded message
C)decoded message
D)feedback
Q4) What is object language? Provide an example of how object language might affect business communication.
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Chapter 5: Cross-Cultural Negotiation and Decision Making
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100 Verified Questions
100 Flashcards
Source URL: https://quizplus.com/quiz/29850
Sample Questions
Q1) What are the main differences between Japanese and American negotiators?
Q2) Which of the following approaches to conflict involves handling the situation indirectly and implicitly without clear delineation of the situation from the person handling it?
A)instrumental-oriented
B)expressive-oriented
C)objective-oriented
D)problem-oriented
Q3) Which of the following types of decision making is generally used in China, Germany, Turkey, and India?
A)participative
B)autocratic
C)totalitarian
D)theocratic
Q4) Compared to Indian negotiators, American negotiators are more likely to withdraw, use silence, and learn from within.
A)True
B)False
Q5) Describe the process of decision making that is common in Japanese companies.
Page 7
Q6) How does nonverbal communication affect the negotiation process?
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Chapter 6: Formulating Strategy
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100 Verified Questions
100 Flashcards
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Sample Questions
Q1) After clarifying the corporate mission and objectives, the first major step in weighing international strategic options is the environmental assessment.
A)True
B)False
Q2) Customer demands have no impact on a company international business strategy.
A)True
B)False
Q3) A company's choice to operate in a business or businesses and the ways in which it differentiates itself from its competitors is called its ________.
A)strategy
B)procedure
C)mission
D)process
Q4) List the seven steps in the strategic management process.
Q5) The primary motive in the contract manufacturing strategy is ________.
A)utilizing inexpensive overseas labor
B)obtaining rights to patented technology
C)sharing managerial expertise
D)sharing financial resources
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Chapter 7: Global Alliances and Strategy Implementation
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98 Verified Questions
98 Flashcards
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Sample Questions
Q1) The need for knowledge management in IJVs primarily stems from ________.
A)employee concerns regarding job security and benefits
B)cultural and system differences between partners
C)local government regulations and restrictions
D)proprietary information legalities
Q2) Which of the following terms refers to company specialists who provide other companies with services such as Web site translation?
A)e-commerce enablers
B)virtual global teams
C)e-businesses
D)born globals
Q3) Most global manufacturers have equity alliances with suppliers, sub-assemblers, and distributors-forming a network of internal family and financial links.Risk-sharing is often the motive behind equity alliances.
A)True
B)False
Q4) What are some of the complexities of managing and implementing a global alliance? How can e-commerce enablers assist the process?
Q5) What is the "dual nature" of strategic alliances?
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Chapter 8: Developing a Global Management Cadre
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100 Verified Questions
100 Flashcards
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Sample Questions
Q1) The degree to which headquarters' practices and goals are transferable most likely depends on whether ________.
A)top managers are from the head office, the host country, or a third country
B)the organization is product- or service-oriented
C)financial performance reports show a positive trend in growth over the past several years
D)the production system is standardized
Q2) A strategic business unit (SBU)is a self-contained business with its own functional departments and accounting systems.
A)True
B)False
Q3) Which of the following refers to focusing on and specializing in specific markets?
A)integration
B)implementation
C)differentiation
D)globalization
Q4) List the typical ways in which firms organize their international activities.
Q5) What are the changes necessitating new structural designs for organizations?
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Chapter 9: Staffing, Training, and Compensation for Global Operations
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100 Verified Questions
100 Flashcards
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Sample Questions
Q1) In ________, operations outside the home country are managed by individuals from the host country.
A)vertical integration
B)horizontal integration
C)ethnocentric staffing
D)polycentric staffing
Q2) Briefly discuss the interdependence of strategy, structure, and staffing.
Q3) Kelly Roberts, an American, is a senior manager at her firm's headquarters in New York.Kelly is a(n)________.
A)expatriate
B)parent-country national
C)host-country national
D)third-country national
Q4) Why do most firms shift from ethnocentric staffing to polycentric or regiocentric staffing methods?
Q5) Inpatriate managers can facilitate multicultural management teams in global organizations.
A)True
B)False
Page 11
Q6) What are the major causes of expatriate failure?
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Chapter 10: Developing a Global Management Cadre
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100 Verified Questions
100 Flashcards
Source URL: https://quizplus.com/quiz/29845
Sample Questions
Q1) According to a study of global teams by Govindarajan and Gupta, which of the following is the most important task in developing a successful global business team?
A)clarifying the objectives of the team
B)aligning the goals of each team member
C)cultivating trust among all team members
D)ensuring that team members have essential skills
Q2) The mission of the International Labor Organization is to ________.
A)develop and nurture global union leaders
B)file lawsuits on behalf of workers
C)promote low-skilled and semiskilled laborers as opposed to highly-skilled laborers worldwide.
D)ensure that humane conditions of labor are maintained
Q3) Which of the following is the primary benefit for a firm that carefully manages its expatriates' careers?
A)creating global opportunities for junior managers
B)retaining managers with global experience and skills
C)maintaining close connections with national subsidiaries
D)recruiting fresh college graduates for global management positions
Q4) What are the long-term consequences of an ineffective repatriation program?
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Chapter 11: Motivating and Leading
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100 Verified Questions
100 Flashcards
Source URL: https://quizplus.com/quiz/29846
Sample Questions
Q1) Which of the following is a negatively regarded trait of a leader?
A)effective bargainer
B)dictatorial
C)participative
D)autonomous
Q2) Which of the following is true, according to the MOW research study on work centrality?
A)The British are indifferent to leisure.
B)The Japanese hold leisure to be very important in their lives.
C)The British hold work to be very important in their lives.
D)The Japanese hold work to be very important in their lives.
Q3) An employee's needs are determined largely by ________.
A)the organizational goals of the company he or she is a part of
B)the cultural context of values and attitudes
C)peer groups
D)reference groups
Q4) In the United States, rewards usually fall into five categories: financial, social status, job content, career, and professional.
A)True
B)False
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