Question 91) Which of the following statements, if true, would support an ethn

91) Which of the following statements, if true, would support an ethnocentric attitude for a global firm?

A) The firm is extremely flexible and responsive to the needs and demands of local markets in host countries.

B) The firm’s hierarchical structure ensures that data flows extensively from the subsidiaries to the home location reducing the potential for duplication.

C) The firm uses a loose federation of associated business units, each of which is rather independent in their strategic decisions.

D) The firm has been successful in striking the right balance between centralization and decentralization of resources.

92) Which of the following statements, if true, would support a polycentric attitude for a global firm?

A) The firm has been successful in striking the right balance between centralization and decentralization of resources.

B) The firm utilizes multiple networks between the home office and the subsidiaries to facilitate both communication and data sharing.

C) The firm is extremely flexible and responsive to the needs and demands of local markets in host countries.

D) The firm’s hierarchical structure ensures that data flows extensively from the subsidiaries to the home location reducing the potential for duplication.

93) Define parochialism. Discuss why parochialism is a problem for U.S. managers and discuss reasons why it is important to overcome parochialism in today’s business environment.

94) List and discuss the three attitudes managers might have toward international business.

95) Write a short essay on the European Union.

96) Write a short essay on the North American Free Trade Agreement and other Latin American Agreements.

97) Create short notes on the World Trade Center (WTO), the International Monetary Fund (IMF), the World Bank Group, and the Organization for Economic Cooperation and Development (OECD).

98) Explain the differences between a multidomestic corporation, a global company, and a borderless organization. Include examples of companies for each of the types of organizations discussed.

99) Describe the different approaches that a company may use when it decides to go international.

100) Discuss four economic issues that affect management.

101) List and explain Hofstede’s five dimensions of national cultur

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