21. When an organization acquires products made abroad and sells them domestically, it indulges in ________.
(A) importing
(B) licensing
(C) global sourcing
(D) franchising

17. Which of the following is the basic difference between multidomestic corporations and global companies? (A) Multidomestic corporations reflect an ethnocentric attitude, while global companies reflect a polycentric attitude. (B) Multidomestic corporations are run by global companies but must be owned by a local, national company. (C) Multidomestic corporations decentralize management to the local country, while global companies centralize management in the home country. (D) Multidomestic corporations typically do business with more countries than global companies.

18. A global company reflects the ________. (A) polycentric attitude (B) geocentric attitude (C) ethnocentric attitude (D) regiocentric attitude

19. Transnational organizations are also known as ________. (A) borderless organizations (B) multidomestic organizations (C) polycentric organizations (D) ethnocentric organizations

20. An organization decides to go international. Which of the following steps should it take to do so with a minimal investment? (A) It should indulge in licensing. (B) It should indulge in global sourcing. (C) It should indulge in franchising. (D) It should indulge in forming strategic alliances.

22. Adam has been hired by an organization that has a partnership with a foreign company. Both the partners share resources and knowledge while developing new products. Adam's organization has formed a ________. (A) franchising company (B) foreign subsidiary (C) licensing company (D) strategic alliance

23. Joint ventures are a type of ________. (A) licensee (B) foreign subsidiary (C) franchisee (D) strategic alliance

24. A domestic firm and a foreign firm sharing the cost of developing new products or building production facilities in a foreign country constitute a ________. (A) franchising agreement (B) joint venture (C) brokering agreement (D) foreign subsidiary

25. A ________ economy is one in which resources are primarily owned and controlled by the private sector. (A) free market (B) planned (C) technocratic (D) command

26. Geert Hofstede's research found that countries varied on ________ dimensions of national culture. (A) nine (B) eleven (C) five (D) seven

27. Which of the following two dimensions of the Global Leadership and Organizational Behavior Effectiveness program fit directly with Hofstede's dimensions? (A) uncertainty avoidance and in-group collectivism (B) power distance and gender differentiation (C) gender differentiation and in-group collectivism (D) power distance and uncertainty avoidance