1. Which of the following is an example of a firms hypernorms as a guide for ethical behavior?
a. allowing teams to elect their own leader
b. avoiding child labor because all children should have the right to education
c. establishing a minimum wage that meets local requirements
d. adopting local enviromental laws even if they are stricter than home market laws
e. aliging with a compaisant government and national culture to follow te norm in that country
2. A Major strategic reason for establishing a wholly owned foreign venture is:
a. reduce the risk of exproriation by the national government
b. ensure complete control of the operation and property rights
c. take advantage of the local networking relationships provided by the national partner
d. share the commercial risk of failure with a firm located in the foreign country
e. reduce the risk of nationalization by the foreign government
3. Compare the challenge of product standardization for industrial products versus consumer products:
a. industrial products generally require more adaptation than consumer products
b. challeneg is essentially the same for both types of products adaptation is nearly always required
c. challenge is essentially the same for both types of products the goal is adaptation to maximize economies of scale
d. challenge is essentially the same for both types of products enviromental concerns are always most important
e. industrial products generally require less adaptaion than consumer products