Question 7

 

Consider the following scenario and choose the best answer from the options below.

 

Some managers have recognized that employees in the workplace tend to form groups in order to accomplish their tasks. This kind of self-organization results in certain patterns that can help managers identify effective organizational structures. In fact, some managers rely on employee self-organization as an approach to managing their teams. In addition to displaying the characteristics described above, this type of self-organized management structure is constantly changing. For example, at the Web company Google, there exists a very laid-back atmosphere, one in which employees can do unconventional things like ride around the office on motorized scooters. In addition, Google’s staff cafeteria provides meals at no cost, and its employees are very lightly supervised. Despite what seems to be an anti-work environment, the company flourishes because employees are actively collaborating and consistently producing ideas.

 

Which management theory is described by the approach above?

Select one:

a. The bureaucratic approach

b. Scientific management theory

c. Chaos theory

d. The systems approach

e. The contingency perspective

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What is the most effective way for a country to conduct business in a foreign market if it does not have the resources or expertise to do so?

Select one:

a. Recognize that this is not a good strategy for the organization

b. Form a strategic alliance with another company or country

c. Develop the company’s own channel of resources in that country

d. Buy a local company

e. None of the above answers is correct.

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Why are American farmers today shipping more soybeans to China than ever before?

Select one:

a. There are no other markets for soybean products.

b. It costs less to ship soybeans to China than to other countries.

c. This development is part of a formal international trade agreement.

d. No other country will ship soybeans to China.

e. The Chinese people increasingly like their fast food cooked in soybean oil.

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One of the biggest concerns about companies venturing into new global markets is the fact that there are approximately 175 different currencies worldwide. Which of the following conditions is NOT relevant to this concern as it relates to conducting business in foreign markets?

Select one:

a. All currencies do not have an equivalent exchange rate.

b. If the US dollar is weak, a business will get less for its money during the exchange of US currency for that of another country.

c. Most foreign governments will accept the US dollar as payment.

d. The US debt plays a large role in the currency exchange rate.

e. If a foreign currency goes down relative to the US dollar, a consumer will pay less for the product or service he or she is purchasing from that country.

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What statement about international laws and regulations is TRUE?

Select one:

a. Countries share a common set of business laws and regulations.

b. American businesses need only be aware of US laws.

c. Laws about labeling are the same in the US as they are in Italy.

d. Business law is treated differently from country to country.

e. The best approach to handling international laws is to use the services of a lawyer from your home country

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Status NEW Posted 29 May 2017 05:05 AM My Price 7.00

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