Question :
31. A(n) __________ leases the right to use its intellectual : 1234374
31. A(n) __________ leases the right to use its intellectual property to another firm.
A) Licensor
B) Licensee
C) Franchisee
D) Contractor
E) Expatriate
32. A company that exports, as a means to sell its products in foreign markets will
A) Have a direct investment in a foreign market.
B) Increase sales volume allowing for better management of the costs associated with research and development
C) Avoid the high cost of transportation fees and tariffs and maintain a competitive advantage.
D) Enable individuals to take advantage of existing advertising and training to ensure success.
E) Maintain exclusivity with one other company to distribute product and control their brand in the foreign country.
33. In the __________ approach, foreign subsidiaries have little autonomy, operations are centralized, and major decisions are made at corporate headquarters.
A) Geocentric
B) Ethnocentric
C) Polycentric
D) Regiocentric
E) Sociocentric
34. Hofstede’s work on culture and its impact on managing HR within an international environment was conducted in the 1960’s and ‘70’s. It is interesting that
A) the results of his work have been replicated, confirming the validity of his findings, and recent studies have expanded on his original theory.
B) while his work is often cited, it was impossible to replicate his findings in subsequent studies.
C) the results of his study can only be applied within the electronics industry and have no relevance outside of that industry.
D) the definition of culture when used in reference to a society is in many ways very different from the definition when used to describe the environment within a company.
E) the study found vast differences between the culture of the society and the culture of the local companies that operated in that society.
35. Pepsi provides Heineken with its formula or agrees to supply the cola syrup and Heineken adds carbonated water, packages it in appropriate containers, and sells it in the Netherlands. Pepsi cannot enter into a similar agreement with another firm to sell Pepsi in the Netherlands, and Heineken cannot alter the product, nor can it begin duplicating other Pepsi products (such as Lays Potato Chips) without a separate agreement. This is an example of:
A) Franchising.
B) Exporting.
C) Licensing.
D) Contract manufacturing.
E) Management contracts.
36. A(n) __________ is formed when companies agree to partner with one another, but do not set up a separate entity.
A) Joint venture
B) Merger
C) Strategic alliance
D) Sole ownership
E) Task force
37. UNCTAD is an abbreviation for __________.
A) United Nations Conference on Tariff and Development
B) United Nations Conference on Trade and Development
C) United National Conference on Trade and Development
D) United National Conference on Tariff and Development
E) Unified Nations Conference on Trade and Development
38. Individuals who are residents of the organization’s home country who are sent offshore on assignment are called __________.
A) third-country nationals
B) host country nationals
C) parent country nationals
D) parent host nationals
E) third-host nationals
39. Which of the following statement best describes host-country nationals?
A) Individuals who have proven themselves in the local marketplace.
B) Individuals who are residents of the organization’s home country who are sent offshore on assignment
C) Individuals contributing important information, perspective, and decision-making factors.
D) Individuals attaching more importance to freedom and challenges in job.
E) Individuals who are residents of countries in which a foreign subsidiary is located.
40. When determining how to compensate expatriates, an advantage of the “going-rate approach” is that
A) the expatriate is kept whole during the assignment because his pay is similar to the pay that would have been received for working the same job in their home county
B) locals perceive the pay as fair because the expatriate is paid at a rate that is similar to the pay received by local employees of that company who have similar position, performance and experience.
C) it is an effective means to reduce costs because you are offering the expatriate the ability to choose from a variety of benefit options that are appropriate to the location of the expatriate assignment.
D) although it is a high cost approach, the ability of the expatriate to save on housing and social expenses while on assignment makes expatriate assignments in countries with low pay levels more attractive.
E) with the increase in dual income families, this options provides an incentive for both the employee of the company and their spouse to accept an expatriate assignment
