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Study Resources (Business Management)

  131.Employees who are citizens of the home country are called home __________.   132.An employee who is a citizen of the nation in which the subsidiary is operating, which is different from the parent company's home nation, is known as a ____________ national.   133.A __________ country national is an employee who.
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  Essay Questions 151.What are guest workers and why do some nations have them?  152.Discuss the reasons some workers leave their countries to work abroad.  153.How do brain drain and reverse brain drain affect the home country?  154.Explain each of ethnocentric, polycentric, regiocentric, and geocentric approaches toward international human resource management, including when and how.
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  61.Accounting data generated in foreign subsidiaries are used by  A.managers, investors, governments, and suppliers. B.foreign governments. C.home-country tax authorities exclusively. D.local managers to make strategic decisions. 62.If a sale made in a foreign subsidiary is in the local currency, and there is a time lag on payment,  A.there is likely to be exchange risk. B.interest may be.
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  41)You CANNOT have a leader without a follower. 42)There is a single set of traits or characteristics that can predict who will be a leader. 43)The primary difference between a task and process function is that process functions focus on managing relationships. 44)It is not possible for someone to perform both task and.
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  81.The triple concerns of triple bottom-line (3BL) accounting are  A.economic, social, and environmental impacts of business. B.environmental, political, and economic impacts of business. C.systems, diversity, and equity in businesses addressing environmental issues. D.profits, PR, and competitive results of business. 3BL addresses economic, social, and environmental impacts. 82.Currently most businesses measure  A.the economic impact of their activities and.
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  141.A _______________ loan, made through an intermediary, usually a bank, can be used when the host country has currency exchange restrictions.  142._________________ are payments made for the use of a company's name, trade name, consulting, and technology.  143.Transfer ____________ can be used as a cash management technique.  144.Establishing an international ________________ as a.
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  Multiple Choice Questions 31.A local labor market  A.comprises the entire population of people in the local operating area. B.comprises a country's pool of people with the required skill set. C.comprises the pool of available employees with the necessary skills and who are within commuting distance. D.comprises the pool of employees with the necessary skills who.
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  43)You are about to start a yearlong training course on project management. The course will take one year and a report is due every month. Write a goal and an objective for yourself pertaining to yhis training course. 44)List and describe each of the four criteria for an objective.   .
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  47)John is constantly getting interrupted by email alerts throughout the day. A majority of the emails he receives are mass message from his company’s headquarters or nonurgent questions from coworkers. What should John do to manage his emails better? 48)List the four strategies for managing paperwork.   .
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  True / False Questions 1.One decision faced by the financial management of an IC that can be turned into an opportunity is the choice of currency used to raise capital.  2.The UK favors a capital structure opposite that of the U.S.  3.Transaction exposure or risk is a risk the customer may never take.  4.Translation.
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  Essay Questions 151.Discuss the risks associated with transaction exposure and how to hedge them.  152.How can an IC benefit from leading and lagging?  153.Discuss the uses of transfer pricing for the IC.  154.Discuss the risks associated with translation exposure and how to hedge them.  155.Discuss how culture might impact accounting.      .
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  131.In the U.S., the ___________ is responsible for the Financial Accounting Standards Board (FASB).  132.In Gray's study of culture in accounting, transparency, and _________ correlate and are shared by Anglo and Nordic countries.  133.The _________ tax is an indirect tax paid by the payor, usually on passive income.  134.In Gray's study of culture.
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  Multiple Choice Questions 31.The financial issues confronting IC management include  A.fluctuating currency exchange rates, tariffs, taxes, and inflation. B.market size and capitalization. C.political issues impacting sales. D.competitive forces. 32.Currency fluctuations create risks categorized as  A.transaction, translation, and economic exposures. B.domestic and foreign. C.independent and dependent exposures. D.hedging exposures. 33.Transaction exposure  A.is a credit type risk. B.is a currency exchange risk that arises when.
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  91.According to the text, approximately ______ of the companies surveyed required cross-cultural training for their expats or their families.  A.5 percent B.20 percent C.one-third D.nearly half E.over two-thirds 92.Which of the following are true about the spouses of expatriates?  A.They are able to legally work in the host nation, although their pay and benefits may face limits. B.Nearly.
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  101.It is not uncommon for an international firm (General Electric or Nestlé) to operate in  A.25 local currencies. B.5 local currencies. C.3 hard currencies and 10 soft ones. D.both hard and soft currencies, totaling 20. 102.Transfer pricing is a method of moving funds that represents intrafirm sales, which actually make up what percentage of world.
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  51.Swaps  A.are becoming less popular in international business. B.are always advantageous. C.can be used for either currency or interest rate holdings. D.are used only to change currency holdings. 52.Parallel loans are useful to  A.save taxes. B.avoid foreign exchange risk. C.save tariffs. D.save interest costs. 53.Decisions to be made before an IC raises new capital include  A.what currency will be used and.
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Multiple Choice Questions 1)The process of making sense out of the world and sharing that sense with others by creating meaning through the use of verbal and nonverbal messages is the definition of              . A.communication B.transactional communication C.human communication D.interpersonal communication 2)In the textbook, the primary distinction between the definition of communication and human communication.
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  111.As populations migrate from rural areas to urban areas, particularly within developing nations, they also move from ______ based employment to employment in ______ and service sectors.  112.The movement of people from country to country or area to area to get jobs is ____________________.  113.Although classical economists assumed that labor was ______,.
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  111.Collecting receivables late when a currency is expected to strengthen is an example of _________.  112.The three kinds of FX exposure are translation, transaction, and __________.  113.____________ exposure occurs when there is a time lag between when a transaction takes place in a foreign currency and when payment is made.  114.Exposure netting is.
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  31)According to the textbook, the primary difference between interpersonal and impersonal communication is: A.Interpersonal communication seeks to manage relationships, while impersonal communication treats others as objects. B.Interpersonal communication treats others according to their role, while impersonal communication occurs when two people interact to mutually influence one another. C.Interpersonal communication occurs when someone is alone,.
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  21.Translation exposure and economic exposure are risks that should be avoided by the IC.  22.Temporal method of translation would recognize market value of real estate assets.  23.An advantage of exposure/multilateral netting is that it avoids the costs of hedging.  24.Transfer pricing is a term for the pricing involved when one unit of an.
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  21)Jose gets a large number of work emails throughout the day.  The majority of them are not very urgent, but they can be distracting. Jose should              . A.respond to each email as he receives it B.only check his email in the morning C.check his email at specific points of the day D.get an automatic.
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  71.A polycentric staffing policy is appropriate when  A.there are low levels of pressure for cost reduction and high levels for localization. B.information technology is of increasing importance. C.there are low levels of pressure for cost reduction and low levels for localization. D.international companies are entering India, where there are more women in management. E.new technology.
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  41.Worldwide, labor tends to be  A.immobile. B.unreliable. C.mobile. D.well-trained. 42.As stated in the text, the major motivation for immigration is a  A.better economic situation. B.more stimulating environment. C.safer, more secure environment. D.chance to leave urban areas for a rural lifestyle. 43.Migrant labor stretches from  A.highly skilled to 3-D jobs. B.low-skilled to 3-D jobs. C.high-tech to pharmaceutical jobs. D.competitive to easy-to-fill jobs. E.unskilled to semiskilled jobs. 44.In.
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  11)Which of the following is NOT a suggestion given by your book to help you manage your master list? A.Write it down B.Cross if off C.Use your calendar as a master list D.Schedule tasks at your best time 12)When prioritizing tasks you need to consider the     and          . A.frequency; risks B.cost; rewards C.goals; effects D.urgency; importance 13)Bill was asked to complete a.
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  51)Bill wants to be a democratic leader so he takes a “hands off” approach and only gives directions when he is asked or instructed to. 52)A servant leader influences group members through listening, supporting, and empathizing. 53)Our emotions are communicated primarily through verbal messages. 54)Slamming a door is an example of nonverbal communication. 55)Interpersonal.
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  11.When using a money market hedge, the hedger will immediately convert the currency borrowed into his or her own currency.  12.The money market hedge is less flexible because money market vehicles are somewhat thin in many currencies.  13.In the forward market hedge example in the book, the exporter Nucor would deliver the.
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  71.Accounting standards in the U.S. are allocated by Congress as the responsibility of  A.the Security and Exchange Commission (SEC). B.the Secretary of the Treasury. C.a committee of accounting scholars. D.a committee of CFOs. 72.The SEC established the seven-member Financial Accounting Standards Board to oversee accounting standards. They are  A.a private nonprofit organization. B.a committee of the Department.
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  101._____ are paid by firms in recognition that expatriates and their families undergo some hardships and inconveniences and make sacrifices while living abroad.  A.Bonuses B.Allowances C.Perks D.Personal income taxes 102.Contract termination payments are  A.made to induce the employee to quit. B.made to prevent the employee from completing the contract term. C.frequently made for work in hardship areas. D.made by.
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  11)The definition of leadership includes                . A.influencing others to achieve goals B.discovering the available means of persuasion C.someone who has been appointed to keep things organized and facilitate D.translating feelings, thoughts, and ideas into a code 12)Your textbook describes different perspectives on leadership, which of the following is NOT one? A.Leaders make things happen. B.Leaders create the.
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  91.Another source of funding for the small firm is venture capital (VC),  A.private funding in return for equity. B.although this may be risky due to control issues. C.a government-supported effort to stimulate small business. D.an approach that developed in the EU. 92.Sanctions by the West on Russia may  A.isolate Russian businesses and limit their access to.
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  11.The loss by a country of its most intelligent and best-educated people, a phenomenon known as reverse brain drain, is usually due to the desire to seek improved economic circumstances and pursue better professional opportunities.  12.International companies contribute aggressively to reverse brain drain as they outsource knowledge work—engineering, software, product design,.
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  121.________ tax is an indirect tax levied on added value to the product.  122.A _________ is an extension of the parent company, not a separate legal entity.  123.A ___________ is a separate legal entity owned by the parent company.  124.Because startups often have several years of losses, a ________ is the favored form,.
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  121.The process in which a union represents the interests of a bargaining unit in negotiations with management is referred to as ____________________.  122.In contrast to the adversarial relationship usually found between unions and management in Europe and the United States, ______ unions tend to identify strongly with the interests of the.
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  51.Which of the following is not true about immigration and the U.S.?  A.Roughly 53 percent of foreign students remain in the United States after receiving doctorates in science. B.More than half of U.S. workers with doctorates in engineering are foreign-born. C.Immigrants to the United States create new businesses at a rate 30 percent.
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  True/False Questions 31)Time management is the use of techniques for analyzing and prioritizing goals and objectives in order to increase efficiency and productivity. 32)Goals and objectives for planning your time are like destinations on a map, they direct you where to go. 33)The following is an example of a goal.  “By the end.
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Multiple Choice Questions 1)According to the federal Bureau of Labor Statistics, U.S. citizens worked  hours per week in 2006 than they did in 2003. A.five more B.three more C.eight more D.three less 2)According to your book, time management is defined as? A.The setting of deadlines and checkpoints during a project. B.Multitasking what you are doing to be more efficient. C.The.
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  81.An advantage of hiring personnel who are citizens of neither the home country nor the host country may be that all of the following except that they  A.may accept lower wages and benefits. B.may come from a culture similar to that of the host country. C.will face fewer obstacles in obtaining necessary work.
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  21.Companies with a transnational strategic orientation follow a global staffing policy, selecting the best person for each job without considering national origin and generally having consistent HRM strategy across all subsidiaries.  22.Worldwide, nearly 50 percent of expatriate positions are held by women.  23.Failure rates for expatriate assignments have been reported to range.
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  61.Which of the following is not true?  A.A company's competitive strategy is determined by two competing forces. A company's competitive strategy should, in turn, drive the organization's approach to international human resource management. B.Pressure to achieve global integration is a force determining a company's competitive strategy. C.Pressure to achieve reduced costs is a.
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  141.Employees hired in the host country are sometimes called ______.  142.Some of the international positions, especially those that deal with addressing a specific technical problem or transferring specialized knowledge, will be staffed with home- or third-country employees who are on short-term assignments and these employees are sometimes called ______.  143.Companies are sending.
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  41.Swap contracts  A.can be used to limit currency exposure. B.are a way to reward expatriate workers. C.can be exchanged internally among accounting operations. D.are illegal in the EU. 42.The money market hedge  A.is flexible and frequently used. B.offers little flexibility in currencies hedged, as well as in amounts and settlement dates. C.is of little use. D.is seldom used. 43.The currency.
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  21)A leader who consults with the group before issuing edicts is considered a             . A.democratic leader B.authoritarian leader C.laissez-faire leader D.transformational leader 22)As a leader John often gets input from all members of the group, has them vote on actions to take and is focused on the group succeeding and not his own personal success..
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