Accounting
Anthropology
Archaeology
Art History
Banking
Biology & Life Science
Business
Business Communication
Business Development
Business Ethics
Business Law
Chemistry
Communication
Computer Science
Counseling
Criminal Law
Curriculum & Instruction
Design
Earth Science
Economic
Education
Engineering
Finance
History & Theory
Humanities
Human Resource
International Business
Investments & Securities
Journalism
Law
Management
Marketing
Medicine
Medicine & Health Science
Nursing
Philosophy
Physic
Psychology
Real Estate
Science
Social Science
Sociology
Special Education
Speech
Visual Arts
International Business
Q:
Planning for decruitment normally occurs when a company ________.
A) discontinues manufacturing or selling in a market
B) finds that current HR levels are lesser than anticipated needs
C) plans to establish multiple foreign subsidiaries
D) hires new executive leadership to implement a growth strategy
Q:
Which of the following phases of human resource planning involves decruitment?
A) developing a plan to recruit and select people to fill vacant and anticipated new positions
B) estimating the company's future human resource needs
C) taking an inventory of the company's current human resources
D) promoting employees to positions of greater responsibility
Q:
Which of the following is the first phase of human resource planning?
A) developing a plan to recruit and select people to fill vacant and anticipated new positions
B) estimating the company's future human resource needs
C) taking an inventory of the company's current human resources
D) promoting employees to positions of greater responsibility
Q:
The process of forecasting both a company's human resource needs and its supply is called ________.
A) human resource planning
B) human resource accounting
C) recruitment
D) selection
Q:
Alec is an American working for a software company in Texas. He has been assigned to work on a project in China for a year. He would be considered as a(n) ________ in China.A) domicile residentB) expatriateC) host-country nationalD) third-country national
Q:
Citizens of one country who are living and working in another are called ________.
A) local employees
B) domicile residents
C) repatriates
D) expatriates
Q:
Discuss the disadvantages of an ethnocentric staffing policy. How do bonuses, tax incentives, and employee expectations contribute to high personnel costs?
Q:
Differentiate between the three types of staffing policies used by international companies. What are the advantages of each?
Q:
The first phase of human resource planning is estimating the company's future HR needs.
Q:
A major drawback of geocentric staffing is that it is expensive.
Q:
An ethnocentric policy toward staffing is typically reserved for top-level managers.
Q:
In geocentric staffing, operations outside the home country are managed by the best-qualified individuals, regardless of their nationality.
Q:
The major drawback of polycentric staffing is the potential for losing control of the host-country operation.
Q:
Polycentric staffing places managerial responsibility in the hands of people intimately familiar with the local business environment.
Q:
In ethnocentric staffing, operations outside the home country are managed by individuals from the host country.
Q:
An ethnocentric staffing strategy can facilitate the transfer of special know-how to branch operations.
Q:
Companies use polycentric staffing to re-create local operations in the image of home-country operations.
Q:
Citizens who are working and living in their home country are called expatriates.
Q:
The process of staffing a company and ensuring employees are as productive as possible is called human resource management.
Q:
Which staffing policy should Swingset consider if it wants its foreign operations to be managed by the best-qualified individuals regardless of nationality?A) nepotismB) ethnocentric staffingC) geocentric staffingD) employee referrals
Q:
The approach recommended by Valerie is called ________.A) polycentric staffingB) ethnocentric staffingC) vertical integrationD) horizontal integration
Q:
The approach recommended by Jerome is called ________.A) vertical integrationB) ethnocentric staffingC) horizontal integrationD) geocentric staffing
Q:
The major disadvantage of a geocentric staffing policy is its potential for ________.A) creating barriers for the host-country officeB) being costly due to high salaries and moving costs of managersC) creating legal problems for the home-country officeD) losing control of host-country operations
Q:
A geocentric staffing policy is generally reserved for ________.
A) top-level managers
B) mid-level managers
C) nonmanagerial employees
D) lower-level staff
Q:
Which of the following statements is true of geocentric staffing?A) It reduces the high cost of relocating expatriate managers and their families.B) It employs managers exclusively from the home country to look out for the company's interests.C) It helps develop global managers who can adjust to any business environment.D) It emphasizes on re-creating local operations in the image of home-country operations.
Q:
A company that hires the best-qualified individuals, regardless of nationality, to manage foreign operations is utilizing a ________ approach.A) horizontal integrationB) geocentric staffingC) ethnocentric staffingD) vertical integration
Q:
The major drawback of polycentric staffing is the potential to ________.
A) lose control of host-country operations
B) experience a high incidence of expatriate failure
C) create barriers for the host-country office
D) create legal problems for the home-country office
Q:
An important advantage of polycentric staffing is that it ________.
A) re-creates local operations in the image of home-country operations
B) eliminates the high cost of relocating expatriate managers and their families
C) helps a company develop global managers who can adjust easily to any business environment
D) employs managers from home who will look out for the company's interests
Q:
A(n)________ policy would give the foreign units of a company a degree of autonomy in decision-making.
A) centralized production
B) vertical integration
C) mass customization
D) polycentric staffing
Q:
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
Q:
Which of the following is a major drawback of ethnocentric staffing?
A) high costs of relocating managers
B) loss of control over host-country operations
C) loss of control over home-country operations
D) difficulty in the transfer of special know-how between branches
Q:
Which of the following statements regarding ethnocentric staffing is true?
A) It can facilitate the transfer of special know-how.
B) It is a relatively inexpensive policy to implement.
C) It allows a company to "blend in" with the local market.
D) It is a poor choice for companies operating in highly nationalistic markets.
Q:
A(n) ________ policy can be pursued to hire employees at all levels in an organization.
A) ethnocentric staffing
B) polycentric staffing
C) vertical integration
D) horizontal integration
Q:
Which of the following statements is true of ethnocentric staffing?A) Ethnocentric staffing appeals to companies that maintain lose control over decision-making in branch offices abroad.B) Companies that use ethnocentric staffing formulate policies designed to work in every country in which they operate.C) Ethnocentric staffing is generally used to fill positions at all levels of an organization.D) In ethnocentric staffing, individuals from the host country manage the operations abroad.
Q:
Individuals from the home country manage operations outside the home country in ________ staffing.
A) ethnocentric
B) polycentric
C) regiocentric
D) geocentric
Q:
Which of the following is an appropriate and widely-used method for staffing international business operations?
A) collective narcissism
B) cronyism
C) nepotism
D) geocentric approach
Q:
The customary means by which a company fills up vacancies in its offices is called ________.
A) a staffing policy
B) an employment policy
C) onboarding
D) outsourcing
Q:
If Verandas International chooses to pursue equity financing, but wants to avoid the time and money required to comply with stock exchange regulations, the company would most likely issue ________.A) American Depository ReceiptsB) bills of ladingC) equity sharesD) irrevocable letters of credit
Q:
The Verandas U.S. subsidiary was turned down when it tried to borrow from a U.S. bank. The bank manager suggested that the parent firm deposit money with the U.S. bank's Dutch branch, and then the U.S. bank's home office would lend the money to the U.S. subsidiary. This type of arrangement is known as a(n) ________.A) mortgage loanB) title loanC) back-to-back loanD) syndicated loan
Q:
Economic forecasts reveal that the U.S. dollar is expected to decline relative to the Euro. Which of the following is the most advantageous method of obtaining funding for Verandas under these conditions?A) borrowing from U.S. banksB) issuing equity in GermanyC) issuing equity in the U.S.D) borrowing from Dutch banks
Q:
Which of the following is most likely a potential benefit for Echo if it outsources some of its manufacturing activities?A) heightened communications awarenessB) increased activity in e-commerce salesC) strong intellectual property protectionD) eliminating the exposure of assets to political risk
Q:
________ appeals to companies because it lowers the amount of taxes the companies must pay.A) DebtB) EquityC) Stock valueD) Enterprise value
Q:
The ________ of a company is the mix of equity, debt, and internally generated funds that it uses to finance its activities.A) enterprise valueB) stock valueC) capital structureD) corporate structure
Q:
Money earned from the sale of goods and services is known as ________.A) revenueB) dividendC) depreciationD) book value
Q:
________ refers to the foreign direct investment in factories, equipment, and land that cannot be pulled out of the market quickly.A) Hot moneyB) Patient moneyC) Fiat moneyD) Key money
Q:
Which of the following types of money adds to the volatility of emerging markets because it can be quickly withdrawn from its investment?
A) hot money
B) patient money
C) key money
D) fiat money
Q:
________ is the financing obtained from investors who believe the borrower will experience rapid growth and who receive equity in return for their investment.
A) Internal funding
B) Venture capital
C) Credit derivative
D) Mortgage loan
Q:
Which of the following is true of American Depository Receipts (ADRs)?
A) Investors who buy ADRs have to pay a currency-conversion fee.
B) There is a minimum purchase requirement for ADRs.
C) Companies offer ADRs in the U.S. to appeal to mutual funds.
D) ADRs are listed and traded in London and Luxembourg.
Q:
________ are traded in Luxembourg and London and represent a specific number of shares in an outside company.A) Common stockB) Bills of ladingC) Revocable letters of creditD) Global Depository Receipts
Q:
American Depository Receipts (ADRs) are ________.A) certificates that represent shares of stock in American companiesB) dollar deposits made by foreign firms conducting business in the U.S.C) certificates that trade in the U.S. and represent shares of stock in a non-U.S. companyD) currency deposits made in the U.S. by firms based in other countries
Q:
A loan in which a parent company deposits money with a host-country bank, which then lends the money to a subsidiary located in the host country is called a ________.A) syndicated loanB) back-to-back loanC) mortgage loanD) title loan
Q:
When a market is experiencing rapid growth, a company will ________.
A) emphasize on decruitment
B) divest its operations
C) reinvest in its operations
D) implement retrenchment strategies
Q:
Which of the following would companies do in markets that require long payback periods?
A) divest operations
B) implement retrenchment strategies
C) emphasize on decruitment
D) reinvest profits
Q:
A company using just-in-time (JIT) manufacturing involves ________.
A) increased availability of components in large inventories
B) quicker detection of defective materials and components
C) easier training of sales staff regarding product descriptions
D) benefits stemming from combining several Japanese technologies
Q:
________ requires each individual to be focused on the quality of his or her own output.
A) Total quality management
B) Quality-of-life index
C) Integrated business planning
D) Organizational restructuring
Q:
Which of the following statements is true regarding total quality management (TQM)?
A) TQM emphasizes on a single effort at the start to improve the quality of its products.
B) TQM largely increases the responsibility on each individual to focus on quality.
C) TQM philosophy initially took hold in the U.S.
D) TQM applies solely to an employee's activities based inside a factory.
Q:
Discuss why companies strive toward quality improvement and the two methods of doing so.
Q:
The just-in-time (JIT) manufacturing technique was originally developed in ________.
A) the United States
B) China
C) Japan
D) Germany
Q:
________ is the term used to refer to a production technique in which inventory is kept to a minimum and inputs to the production process arrive exactly when they are needed.
A) Just-in-time manufacturing
B) Lean manufacturing
C) Continuous production
D) Flow production
Q:
Which of the following statements is true regarding the ISO 9000 standards?A) They specify details on how companies should develop its quality processes.B) The standards are applicable to Asia exclusively.C) ISO 9000 is a certification that companies get for their environment-friendly initiatives.D) The standards require each company to define and document its own quality processes.
Q:
Describe the issues involved in the decision of how a company acquires raw materials and fixed assets.
Q:
What role does flexibility play in the make-or-buy decision?
Q:
Total quality management reduces the responsibility on each individual in the production process.
Q:
One reason to buy a product instead of making it in-house is the greater flexibility to respond to market conditions.
Q:
Outsourcing refers to the practice of buying from another company a good or a service that is part of a company's value-added activities.
Q:
Today, due to improved technology, it is fairly easy to persuade an outside supplier to make significant modifications to a component.
Q:
A company often undertakes in-house production when it can manufacture a product for less than it must pay another business to produce it.
Q:
Companies make products rather than buy them in order to reduce total costs.
Q:
Which of the following should most likely be considered in making the decision to outsource some of Echo's manufacturing activities?A) Do purchasing components present the lowest cost option for Echo?B) Would Echo engineers be willing to relocate to a foreign nation?C) Is Echo prepared to cover moving expenses for its managerial talent?D) Can Echo find employees for a customer service center in the U.S.?
Q:
Which of the following most likely supports the argument of Echo managers to outsource some of the firm's manufacturing activities?A) Echo managers could reduce the wages of U.S. based employees and sub-contractors.B) Echo could save money by reducing the costs incurred in manufacturing the component parts.C) Echo managers could implement a marketing campaign for foreign markets that is identical to the outsourced firm's marketing campaign.D) Echo could merge with one of its U.S.-based competitors to gain a larger market share.
Q:
The senior manager argues that Hafstrom could reduce its costs significantly by purchasing parts from companies located overseas rather than producing its own parts. Which of the following is the senior manager advocating?A) outsourcingB) a greenfield investmentC) lean productionD) vertical integration
Q:
The top management of the company contends that Hafstrom would benefit most from manufacturing its own parts, rather than sourcing it from elsewhere, even if they are made at another location overseas. Which of the following is being recommended in this approach?A) just-in-time manufacturingB) location economiesC) vertical integrationD) outsourcing
Q:
Which of the following is established by a company that builds an entirely new facility?A) a divestitureB) a shadow economyC) a greenfield investmentD) a shell corporation
Q:
Which of the following is a barrier to buying products from international suppliers?A) extremely low tariffsB) additional transportation costsC) lower flexibility to respond to market conditionsD) high political risk
Q:
A fixed asset can also be referred to as a ________ asset.
A) liquid
B) current
C) tangible
D) trading account
Q:
Storage facilities, retail outlets, and production equipment are examples of ________.
A) liquid assets
B) current assets
C) fixed assets
D) intangible assets
Q:
________ in the computer industry is the outsourcing of the actual assembly of computers plus the job of shipping them to distributors and other intermediaries.
A) Agile manufacturing
B) Just in time manufacturing
C) Lean manufacturing
D) Stealth manufacturing
Q:
Which of the following is experienced by a company that outsources its product development?
A) reduced investments in research and development
B) reduced market flexibility
C) less market influence with suppliers
D) lower product costs due to the elimination of intermediaries
Q:
Computer companies buying hardware components from component-makers, assembling them in their own facilities, and selling completed systems to consumers and businesses is an example of ________.A) telecommutingB) franchisingC) outsourcingD) licensing
Q:
Which of the following statements is true of outsourcing?
A) It reduces economic risk by facilitating the purchase of large insurance policies.
B) It reduces production risk by eliminating delays in the timely receipt of needed parts.
C) It reduces political risk by enabling the company to avoid investing in plants and equipment abroad.
D) It reduces currency risk by allowing the company to invest the home currency on in-house production facilities.