When a manufacturing organization gives another organization the right to use its technology or product specifications in return for a fee, it is engaging in:
Explanation
This question requires differentiating between licensing and franchising, which are similar but distinct methods of global expansion.
Other questions
What is the term for the parochialistic belief that the best work approaches and practices are those of the home country?
According to Chapter 3, which of the following companies is given as an example of a multidomestic corporation?
What is the first step a manager might take when deciding to go international that involves minimal investment and risk?
The World Trade Organization (WTO) evolved from which earlier trade agreement?
Which of Hofstede's cultural dimensions describes the degree to which people in a country look after their own and family interests versus expecting the group to look after and protect them?
As of the time the textbook was written, how many democratic European countries made up the European Union (EU)?
An international company that centralizes its management and other major decisions in its home country is known as a(n):
The Global Leadership and Organizational Behavior Effectiveness (GLOBE) research program identified how many dimensions on which national cultures differ?
What type of economic system is one in which resources are primarily owned and controlled by the private sector?
A specific type of strategic alliance in which the partners agree to form a separate, independent organization for some business purpose is called a:
What is the term for a world-oriented view that focuses on using the best approaches and people from around the globe?
Which regional trading alliance is comprised of the United States, Canada, and Mexico?
According to Chapter 3, which international economic organization's mission is to help its 30 member countries achieve sustainable economic growth and employment?
In Hofstede's framework, which dimension describes a culture that values things like assertiveness, acquiring money and goods, and competition?
A transnational or borderless organization reflects which type of global attitude?
As of the textbook's writing, how many countries are members of the World Trade Organization (WTO)?
According to Exhibit 3-7, which of the following is NOT one of the three components of a global mind-set?
In which stage of going international does an organization make its products domestically and sell them in other countries?
Which GLOBE framework dimension describes a society's reliance on social norms and procedures to cope with the unpredictability of the future?
According to research cited in Chapter 3, which of the following has a greater effect on employees' behavior?
What is the name of the single common currency adopted by many European Union member states?
The view that employees in the foreign country where an organization is doing business know the best work approaches and practices is known as a(n):
Which of the following is NOT one of Hofstede's five dimensions of national culture?
According to the 'by the numbers' box on page 77, what percentage of U.S. workers say they 'live to work'?
What is the primary focus of a global company, as described in Chapter 3?
The U.S.-Central America Free Trade Agreement (CAFTA) promotes trade liberalization between the United States and how many Central American countries?
Which of the following is an example of an economic issue a global manager must be aware of when doing business in other countries?
Which of the following is NOT one of the three main dimensions of cultural intelligence?
A multinational corporation (MNC) that centralizes its management in the home country reflects which type of global attitude?
Which of the following describes a planned economy?
According to Hofstede's framework, a culture with a low power distance score would likely be characterized by which of the following?
Which global organization, with 185 member countries at the time of the textbook's writing, is primarily focused on promoting international monetary cooperation and providing policy advice and temporary loans?
A manager who believes that people in foreign countries lack the necessary skills, expertise, or experience to make the best business decisions is demonstrating a(n):
According to the 'by the numbers' box on page 77, what percentage of public middle and high schools in the United States offer Spanish as a foreign language option?
What is the primary distinction between licensing and franchising as methods for an organization to go global?
What is the primary goal of the World Bank Group?
The GLOBE framework's dimension of 'humane orientation' is most similar to which of Hofstede's cultural dimensions?
Which method of entering a global market involves the greatest commitment of resources and poses the greatest amount of risk?
According to a study cited in Chapter 3, U.S. manufacturing firms that operated in multiple countries had sales growth that was how much greater than strictly domestic firms?
Which of the following is identified in Chapter 3 as a challenge for managers associated with the openness required by globalization?
In the GLOBE framework, the degree to which a society encourages and rewards its members for performance improvement and excellence is known as:
According to the answers provided on page 95 for the 'Who Owns What' quiz, the company that produces Boboli pizza crust is based in which country?
Based on Exhibit 3-2, the ASEAN map, which of the following countries is NOT a member of the Association of Southeast Asian Nations (ASEAN)?
The rigidly applied attitude of 'ours is better than theirs' when dealing with foreign cultures is a sign of what?
What is the component of the global mind-set that refers to a leader's knowledge of international business and their capacity to understand how business works on a global scale?
In Hofstede's framework, a culture with high uncertainty avoidance would be characterized by people who are:
The African Union (AU), a regional trading alliance, consists of how many nations?
Which of the following is identified in Chapter 3 as a challenge associated with managing a global workforce?
According to the answers provided for the 'Who Owns What' quiz on page 95, Volvo cars are a product of a company based in which country?