As of July 2016, how many countries were members of the World Trade Organization (WTO)?
Explanation
This question tests the recall of a specific quantitative fact provided in the text regarding the size and scope of the World Trade Organization, a key institution in international management.
Other questions
What is the primary function of tariffs in the context of international trade?
What does the term 'foreign direct investment' (FDI) refer to?
In Geert Hofstede's model of national culture, what does the 'power distance' dimension measure?
In societies with high power distance, what is the generally expected relationship between subordinates and their managers?
Which cultural dimension, as defined by Hofstede, refers to the degree to which a society focuses on the relationship of the group as a whole?
Approximately how many employees did Geert Hofstede survey across 72 countries to develop his cultural model?
The Global Leadership and Organizational Behavior Effectiveness (GLOBE) project involved 170 researchers from how many countries?
Which leadership profile, according to the GLOBE framework, is characterized by a leader who is self-centered and uses a face-saving approach?
According to the GLOBE project findings, in which cultural cluster is the self-protective leadership style the least preferred?
What is meant by the term 'cultural paradox' in international management?
When does cultural stereotyping occur?
Which social institution refers to the degree to which social benefits like wealth and income are unequally distributed and these patterns are perpetuated for life?
What is the world's most dominant religion, with a following that represents approximately 31 percent of the global population?
What is the focus of the cognitive dimension of cultural intelligence?
Which of the following is a characteristic of high-rigor cross-cultural training?
What is considered the optimal time to deliver predeparture cross-cultural training for an international assignment?
A global strategy is based on the assumption that patterns of consumption and production are what?
What is the central characteristic of a local strategy for international expansion?
Which method of entering an international market is typically the most basic and cost-effective?
What distinguishes international franchising from simple licensing?
What is identified as the biggest disadvantage for a company granting a license or franchise in an international market?
The Uppsala model of internationalization suggests that firms initially begin exporting to countries that have what characteristic?
What is the defining characteristic of a 'born global' company?
How are 'emerging markets' defined in the context of international business?
What is a key management implication for operating in a society with low power distance?
In a society with low individualism (high collectivism), what is a key consideration for designing reward systems?
What is a common characteristic of work environments in high uncertainty avoidance countries?
According to Hofstede's framework, what is a key trait of a low masculinity (feminine) society?
Which of the following countries is part of the Confucian Asia cluster according to the GLOBE project?
In the GLOBE framework, what does the 'humane-oriented' leadership style involve?
What does the GINI index, a measure of social inequality, represent?
What is a key business implication of the practice of Ramadan in Islamic nations?
What is an expatriate in the context of international management?
What is the recommended delivery time for postarrival cross-cultural training?
A regional strategy is most appropriate for a company when what condition is met?
According to research mentioned in the text, companies that export tend to be what percentage more profitable than companies that do not?
What is a key benefit for a company that receives a license or franchise?
When do international strategic alliances occur?
In the context of the Uppsala model of internationalization, what does 'psychic distance' refer to?
Which index is mentioned as tracking the flow of capital, information, trade, and human resources to represent the degree of globalization?
According to Hofstede's framework, which cultural group tends to have high scores in the individualism dimension?
What were the two cultural dimensions unique to the GLOBE project that were not directly similar to Hofstede's dimensions?
What term is defined as a 'complex of positions, roles, norms, and values lodged in particular types of social structures and organizing relatively stable patterns of human resources'?
In the context of the five pillars of sharia law, what does 'Zakat' refer to?
Which dimension of cultural intelligence reflects an individual's ability to use cross-cultural knowledge to understand and adapt to their cultural environment?
Which method of international market entry is described as the most capital-intensive?
In the context of foreign direct investment (FDI), what does political risk refer to?
What is a common managerial practice in countries with low uncertainty avoidance?
Which automobile company is cited as an example of successfully implementing a regional strategy by customizing its operations for large, distinct markets like Europe and North America?