Management Chapter 3 Test Bank |69 Questions| With Correct Answers.

Which of the following countries possesses a high-performance orientation? a. Israel b. Sweden c. Taiwan d. Russia e. Venezuela {Ans: c. taiwan}The primary emphasis of polycentric companies is on their home countries. a. True b. False {Ans: False}A company's risk of loss of assets, earning power, or managerial control due to politically based events or actions by host governments is referred to as _________. a. MFN b. political risk c. tariffs d. political instability e. terrorism {Ans: b. political risk}Collectivism means a preference for a tightly knit social framework in which individuals look after one another and organizations protect their members' interests. a. True b. False {Ans: True}The bottom-of-the-pyramid (BOP) concept proposes that corporations can alleviate poverty and other social ills, as well as make significant profits, by selling to the world's poorest people. a. True b. False {Ans: True}Which country banned Netflix's video streaming service? a. Russia b. China c. India d. Indonesia e. Canada {Ans: d. indonesia}Which of the following refers to engaging in the international division of labor so as to obtain the cheapest sources of labor and supplies regardless of country? a. Franchising b. Licensing c. Market-entry strategy d. Outsourcing