A true statement about psychological distance is that Blank______.Multiple choice question.it is beneficial for companies to first do business in psychologically close countries before moving to psychologically distant nationsthe distance envisioned by an entrepreneur will always be based more on reality than perceptionthere are no differences between markets or nations that are psychologically similarthere are more differences than similarities between individual entrepreneurs regardless of the country

Which of the following is true of the strategic effects of a company going global?Multiple choice question.The company will always be technologically superior to its competition in the new market.Psychological closeness to a country will allow the company to conduct its business more easily in the country.Geographic closeness to a foreign market will necessarily provide a perceived closeness to the foreign customer.The company will experience more success in a geographically close market than in a psychologically close market.

All other things equal, the greater the cultural distance, Blank______.Multiple choice question.the greater the liability of foreignnessthe lower the cost and uncertainty of conducting business abroadthe lower the liability of foreignness

Which of the following statements about distance is FALSE?Multiple ChoiceWomen exhibit discomfort at the small space they are allowed by others.Women and children are given little space in our American culture.Women and children desire more relational closeness than do males in our society.Men tend to take more room because they are usually bigger in height and weight.

Which of the following statements about the CAGE distance framework is true?Multiple choice question.It is designed to aid MNEs in deciding where to compete in the world.It instructs MNEs how to avoid the liability of foreignness.It helps MNEs restore their reputations after suffering from loss of reputation following international expansion.Its purpose is to help MNEs determine whether or not they should expand internationally.

1. Please write a response of no more than 200 words to ONE of the following two prompts. You may use the internet to research. Please be mindful of time. It is better to write a shorter and well-composed essay than one that is longer and unwieldy. [25 marks]Prompt 1: The distance that separates countries and cultures has been bridged through an increased accessibility to social media platforms and video conferencing. Do you agree or disagree with this statement? Justify your stance with relevant reasons and examples.