Managing in a Global Business Environment (QHC1) D080
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Free Managing in a Global Business Environment (QHC1) D080 Questions
What is a major drawback to the home country when companies outsource manufacturing jobs to countries with lower worker wages
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Higher taxes
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Loss of manufacturing jobs
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Increased manufacturing costs
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Decreased focus on research and development
Explanation
Correct answer:
B) Loss of manufacturing jobs
Explanation:
When companies outsource manufacturing jobs to countries with lower labor costs, the home country often experiences the loss of manufacturing jobs. This can lead to negative effects on the domestic job market, particularly in industries that are critical to the economy.
Why the other options are wrong:
A) Higher taxes – Outsourcing does not directly lead to higher taxes in the home country; in fact, companies may reduce costs by outsourcing, potentially lowering tax burdens.
C) Increased manufacturing costs – Outsourcing typically aims to reduce manufacturing costs by taking advantage of lower wages in foreign countries.
D) Decreased focus on research and development – Outsourcing manufacturing does not necessarily lead to a decreased focus on research and development. Companies can continue to invest in R&D while outsourcing production.
A senior manager from the United States is asked to work in the office in Malaysia. While in Malaysia, the manager places a palm upward and uses one finger to signal a person to come to her desk. The employee is offended. What is the role of cultural dimension in the global context in this scenario
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Establish disciplinary measures for managers
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Recognize that gestures are not the same in different cultures
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Implement a diversity policy specific to employees
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Hire employees with similar cultures
Explanation
Correct answer:
B) Recognize that gestures are not the same in different cultures
Explanation:
Cultural dimensions help to explain how practices, such as gestures, can vary from one culture to another. In Malaysia, signaling someone with one finger can be considered disrespectful, whereas in the U.S., it might be seen as normal. Understanding these differences is crucial for effective communication in a global context.
Why the other options are wrong:
A) Establish disciplinary measures for managers – The problem here is a cultural misunderstanding, not a disciplinary issue.
C) Implement a diversity policy specific to employees – While diversity is important, the specific issue in this case is cultural differences in communication.
D) Hire employees with similar cultures – Hiring employees with similar cultures doesn't address the core issue of cultural sensitivity and adaptation.
A company commits half of its research and development budget toward creating environmental protection technology. What is this company demonstrating
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Corporate social responsibility
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Regulatory environment
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Business ethics
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Cultural norms
Explanation
Correct answer:
A) Corporate social responsibility
Explanation:
Corporate social responsibility (CSR) refers to a company’s commitment to ethical practices, including environmental sustainability, employee well-being, and social impact. Investing in environmental protection technology aligns with CSR principles.
Why the other options are wrong:
B) Regulatory environment – This refers to government rules and regulations, not voluntary corporate actions.
C) Business ethics – Business ethics is a broader concept, while CSR specifically focuses on a company’s social and environmental impact.
D) Cultural norms – Cultural norms vary by society, whereas CSR is a business strategy aimed at long-term sustainability.
Which institution helps to maintain the availability of global financing to solve trade deficit issues
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The World Bank
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The Federal Reserve
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International Monetary Fund
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International Finance Corporation
Explanation
Correct answer:
C) International Monetary Fund
Explanation:
The International Monetary Fund (IMF) plays a key role in providing global financing and helping countries solve balance of payments issues, including trade deficits. It offers financial support, policy advice, and technical assistance to countries facing economic instability or deficits.
Why the other options are wrong:
A) The World Bank – The World Bank focuses on long-term economic development and poverty reduction rather than short-term financing for trade deficits.
B) The Federal Reserve – The Federal Reserve is the central bank of the U.S., and its policies influence domestic economic conditions, but it does not directly address global financing for trade deficits.
D) International Finance Corporation – The IFC focuses on private sector development and investments rather than addressing trade deficits or providing global financial solutions.
A multinational detergent company is marketing its product in an emerging market. In these markets, the company decides to offer packaging sizes that are smaller than what is offered in more developed markets.
Which type of marketing strategy is this an example of
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Brand redevelopment
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Standardization
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Product adaptation
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Multi-brand
Explanation
Correct answer:
C) Product adaptation
Explanation:
Product adaptation involves modifying a product to meet local market needs, such as smaller packaging sizes for cost-conscious consumers in emerging markets.
Why the other options are wrong:
A) Brand redevelopment – Brand redevelopment involves rebranding or repositioning, not altering product size.
B) Standardization – Standardization means selling the same product worldwide without modifications.
D) Multi-brand – Multi-branding involves selling multiple brands under one company, not modifying a product.
What is the current focus of the World Bank
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Maximizing profitability
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Improving quality of life
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Supporting structural development
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Maintaining equity between developing economies
Explanation
Correct answer:
B) Improving quality of life
Explanation:
The World Bank's main focus is to reduce poverty and improve the quality of life in developing countries. It provides financial and technical assistance for projects that aim to enhance economic development, education, healthcare, infrastructure, and overall social well-being.
Why the other options are wrong:
A) Maximizing profitability – The World Bank's goal is not about profit maximization but about economic and social development in poorer countries.
C) Supporting structural development – While structural development is important, the World Bank is more broadly focused on improving quality of life across multiple sectors.
D) Maintaining equity between developing economies – While equity is a concern, the World Bank's primary focus is more directly on poverty reduction and quality of life rather than equity between countries.
A company decides to relocate its production facility to a neighboring country because products made in that country are thought to be of a superior quality. The goods are then exported back to the home country. Which factor is the company managing by taking this action
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Insourcing capabilities
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Exposure to exchange-rate fluctuations
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Local import duties
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Country-of-origin effect
Explanation
Correct answer:
D) Country-of-origin effect
Explanation:
The company is taking advantage of the perceived higher quality of products made in the neighboring country. The "country-of-origin effect" refers to consumers' perceptions of products based on where they are produced. A product’s origin can influence its perceived quality and appeal.
Why the other options are wrong:
A) Insourcing capabilities – Insourcing involves bringing production or services back into the company from external suppliers, which isn't the case here.
B) Exposure to exchange-rate fluctuations – While exchange rate could be a consideration, this action is more about leveraging quality perceptions.
C) Local import duties – The company is relocating production, not directly addressing import duties, which are typically external to production decisions.
A major global technology company headquartered in France staffs the leadership role in its South Korean office by promoting an existing local employee from the South Korean operations team. What is an advantage for the company to this workforce management approach
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Helps maintain control and consistency of messaging for the company
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Furthers the global perspective and top-down culture of the company
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Encourages more engagement and motivation from the local employees
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Achieves greater integration among the global company divisions
Explanation
Correct answer:
C) Encourages more engagement and motivation from the local employees
Explanation:
By promoting a local employee, the company benefits from higher engagement and motivation, as the local workforce is likely to feel more valued and understood by someone who shares their cultural background.
Why the other options are wrong:
A) Helps maintain control and consistency of messaging for the company – This is more relevant to an ethnocentric approach.
B) Furthers the global perspective and top-down culture of the company – This is more aligned with an ethnocentric approach, which focuses on top-down management.
D) Achieves greater integration among the global company divisions – While a local employee can integrate with the local division, this strategy doesn't necessarily promote global integration.
Why does the World Bank have a AAA bond rating
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Its debt is backed by member countries.
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It uses a standardized assessment of countries seeking a loan.
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It consistently avoids lending to high-risk countries.
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Its loans to developing countries are made at high interest rates
Explanation
Correct answer:
A) Its debt is backed by member countries.
Explanation:
The World Bank has a AAA bond rating because its debt is backed by the financial strength of its member countries, many of which have strong economies and credit ratings. This backing makes it highly reliable in repaying its debt, which is reflected in the AAA rating.
Why the other options are wrong:
B) It uses a standardized assessment of countries seeking a loan. – While the World Bank assesses countries' creditworthiness, this is not the primary reason for its AAA rating.
C) It consistently avoids lending to high-risk countries. – The World Bank does lend to some higher-risk countries, but the backing from member countries, not risk avoidance, is key to its AAA rating.
D) Its loans to developing countries are made at high interest rates. – The World Bank provides loans at favorable rates, not high interest rates, to help developing countries, which does not directly affect its AAA bond rating.
A global company needs to have all of its information management systems operate in an integrated manner across all departments and locations. Which strategy should be used for this purpose
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Enterprise resource planning system
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Supplier relationship management
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Transaction monitoring system
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Customer relationship management
Explanation
Correct answer:
A) Enterprise resource planning system
Explanation:
An enterprise resource planning (ERP) system integrates key business processes across an organization, enabling seamless data flow between departments and locations. It helps streamline operations and ensures that all systems work together in an integrated manner.
Why the other options are wrong:
B) Supplier relationship management – This focuses on managing relationships with suppliers, not overall company integration.
C) Transaction monitoring system – This is used for monitoring specific transactions, not for integrating information management across an organization.
D) Customer relationship management – This focuses on managing interactions with customers, but it does not provide full integration of all information systems across the company.
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