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IB 300: Exam 3
Chapters 10-13
50
Business
Undergraduate 4
11/03/2014

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Cards

Term
Virtual communication:
Definition
lacks the richness of face-to-face communication.
Term
Included in the differences between a traditional team and a global team is the difference between:
Definition
one economic condition and many dissimilar economic conditions.
Term
Because of the context in which the global team leader is acting, he or she:
Definition
confronts the added complexities created by globalization.
Term
The sooner the team achieves high levels of trust, the sooner the team can:
Definition
move to a constructive focus on the task.
Term
Global team leaders want to set specific team norms because:
Definition
norms that support consideration and cooperation lead to good team functioning.
Term
"Women are inappropriate for global leadership positions." This statement is:
Definition
false, because women have characteristics aligned with global leadership traits.
Term
Dalton suggests that moral reasoning is a skill:
Definition
needed by global leaders to confront ethical dilemmas.
Term
Brake's leadership triad includes:
Definition
business knowledge, relationship skills, and personal effectiveness skills.
Term
"Culture does not affect leadership attributes." This statement is:
Definition
false, because traits understood as critical for leaders vary some by culture.
Term
Global leadership can be regarded as different in kind from domestic leadership because:
Definition
their differences are of such great degrees with regard to their level of skills and application.
Term
Leadership traits viewed universally as unacceptable, according to the Project GLOBE study, are:
Definition
egocentric, loner, and dictatorial.
Term
Acceptable leadership traits across cultures, according to Project GLOBE, include:
Definition
effective bargainer, dependable, win-win problem solver, and plans ahead.
Term
The interdependence that confronts global leaders results from:
Definition
increased levels of linkage, both within and outside the company.
Term
A global mindset involves:
Definition
an openness to diversity and inclination to synthesize across its borders.
Term
The segment approach to investigating markets requires that markets should be which of the following?
Definition
Definable
Term
According to the text, which of the following is true regarding "corporate anthropology"?
Definition
It involves ethnographic research techniques and watching consumers use products.
Term
Market research includes:
Definition
all of the above.
Term
Mail surveys can be a difficult foreign market research tool because:
Definition
all of the above.
Term
In a personal interview or phone survey situation, some respondents want to help the interviewer out of politeness or just to please the interviewer. This is known as:
Definition
social desirability bias.
Term
According to the text, a large exhibition, generally held at the same place and same time periodically, at which companies maintain booths to promote the sale of their products is known as:
Definition
a trade fair.
Term
The final step in the screening process will generally include:
Definition
a field trip.
Term
Which of the following are not identified in the text as being elements of the competitive forces that an analyst uses to examine markets?
Definition
Competitors' staffing levels and product portfolios
Term
Which of the following is false regarding sociocultural screening?
Definition
Immigrants from the country are valuable as being representative data sources.
Term
Entry barriers, profit remittance barriers, and policy stability are all part of the:
Definition
third screening.
Term
A statistical technique that divides objects into groups so that the objects within each group are similar is called:
Definition
cluster analysis.
Term
___________ is(are) economic data that correlate highly with market demand for a product.
Definition
Market factors
Term
Average growth rate in commercial energy use and real growth rate in GDP compose the __________ index.
Definition
market growth rate
Term
Size of the urban population and electricity consumption are part of the __________ index.
Definition
market size
Term
Market size, market growth rate, and e-commerce indexes are all part of:
Definition
market indicators.
Term
Credit availability, paying habits of customers, and rates of return are considered in the:
Definition
second screening.
Term
Generally, producers of _______ experience little difficulty in assessing their basic need potential.
Definition
specialized industrial materials
Term
According to a 12-country study conducted by Ernst & Young, _____ percent of U.S. companies are engaged in some form of strategic alliance.
Definition
75
Term
Strategic alliances are:
Definition
partnerships between competitors, customers, or suppliers that may take various forms.
Term
Historically, firms making a foreign direct investment have generally preferred:
Definition
wholly owned subsidiaries.
Term
In 2008, foreign firms investing in the United States spent about ____________ on establishing new firms as they did on acquiring going firms.
Definition
one-thirteenth as much
Term
Foreign direct investment (FDI) includes all of the following except:
Definition
management contract.
Term
An arrangement in which one firm contracts with another firm to produce products to its specifications but assumes responsibility for marketing is:
Definition
contract manufacturing.
Term
According to the text, management contracts usually stipulate that a fee of __________ be paid to the firm providing the management expertise.
Definition
?!?!?!?!?!
Term
An arrangement by which one firm provides management in all or specific areas to another firm is:
Definition
a management contract.
Term
McDonald's, Kentucky Fried Chicken, and Subway are examples of:
Definition
franchising.
Term
Which of the following was stated in the text as being a concern with licensing?
Definition
It can create a competitor.
Term
According to the text, licensing agreements usually stipulate that a royalty of __________ be paid to the licensor.
Definition
2 to 5 percent of sales
Term
A turnkey project includes all of the following except:
Definition
none of the above.
Term
The disadvantages of indirect exporting include:
Definition
two of the above.
Term
A company can engage in indirect exporting by using which of the following companies in its own country?
Definition
Export commission agents
Term
__________ permits a firm to set up an export program with a minimum of cash outlay and little special expertise.
Definition
Indirect exporting
Term
Companies wishing to export must first choose between:
Definition
exporting directly and exporting indirectly.
Term
A follower firm stands the best chance for success in market-share leadership when:
Definition
there is high potential for imitation.
Term
In many cases, a firm entering international markets becomes a follower because:
Definition
quicker competition beats it.
Term
A pioneering firm stands the best chance for long-term success in market-share leadership and profitability when:
Definition
all of the above.
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