116. A multinational corporation typically receives at least % of its total sales revenues from outside the parent’s
home country.
117. means engaging in the international division of labor so that manufacturing can be done in countries with the
cheapest sources of labor and supplies.
118. Whereby a company builds a subsidiary from scratch in a foreign country, is referred to as a(n) , and is the
most risky type of direct investment.
119. is the management of business operations conducted in more than one country.
120. When it comes to economic development, a currently developing country is also called a(n) .
121. is the criterion traditionally used to classify countries as developed or developing.
122. (objects, taboos, holidays) is a sociocultural factor in the international environment.
123. The risk of loss due to actions by host country governments is known as .
124. Riots, revolutions, civil disorders, and frequent changes in government that affect the operations of an international
company shows in a country.
125. A country‘s physical facilities that support economic activities make up its .
126. A nation‘s includes the shared knowledge, beliefs, and values, as well as the common modes of behavior
and ways of thinking, among members of a society.
127. The degree to which people accept inequality in power among institutions, organizations, and people is called
_____.
128. A value characterized by people’s intolerance for uncertainty and ambiguity and resulting support for beliefs that
promise certainty and conformity refers to .
129. A preference for a loosely knit social framework in which individuals are expected to take care of themselves is
called .
130. A preference for a tightly knit social framework in which individuals look after one another and organizations
protect their members’ interests refers to .
131. stands for preference for achievement, heroism, assertiveness, work centrality (with resultant high stress),
and material success.
132. reflects the values of relationships, cooperation, group decision making, and quality of life.
133. A country that places emphasis on fairness and values kindness would be described by the Globe Project as high in
_____.
134. In a(n) , people use communication primarily to exchange facts and information.
135. means that people have a tendency to regard their own culture as superior to other cultures.
136. An alliance begun in 1957 to improve economic and social conditions among its members,
it has evolved into the 27–nation .
137. The is the single European currency that has replaced 12 national currencies.
138. List three examples of a country’s infrastructure.
139. List the three examples of direct investing mentioned in your text.
140. List the four dimensions of national value systems identified by Hofstede.
141. List five of the countries that make up the European Union (EU).
142. Briefly describe the social characteristic of ethnocentrism and explain how this can have an impact on the success
of an international manager.
143. Direct investing means that the company is involved in managing the productive assets in a foreign country. There
are three options for direct investing. Name and compare these three options.
144. Identify and briefly explain at least two key factors in economic, sociocultural and political–legal environments that
affect an organization.
145. Briefly explain the difference between high power distance and low power distance.
146. Describe GATT and the World Trade Organization.
147. Explain NAFTA.