Global Business Management
Final Exam
Course Introduction
Global Business Management provides students with a comprehensive understanding of how businesses operate across international boundaries in an increasingly interconnected world. The course explores key topics such as international trade theories, cross-cultural communication, global marketing strategies, international financial management, and ethical considerations in global operations. By examining case studies and real-world scenarios, students gain practical skills in managing diverse teams, negotiating across cultures, and navigating the complexities of global legal and regulatory environments, preparing them for leadership roles in multinational organizations.
Recommended Textbook
Global Business Today 3rd Edition by Charles
W. L. Hill Dr
699 Verified Questions
699 Flashcards
Source URL: https://quizplus.com/study-set/3021
Page 2
Chapter 1: Globalisation
Available Study Resources on Quizplus for this Chatper
50 Verified Questions
50 Flashcards
Source URL: https://quizplus.com/quiz/60067
Sample Questions
Q1) The European Union Central Fund (EUCP)has replaced that of the International Monetary Fund (IMF).
A)True
B)False
Answer: False
Q2) One of the key adaptations of the Indian-based global conglomerate,the Tata Group,for home and international markets was to consider:
A)free delivery to customers who repeat purchase.
B)subsidised customer parking.
C)a customised assembly service and delivery.
D)car designs for small-space living in high-rise apartments.
Answer: C
Q3) An international business is any firm that engages in exporting.
A)True
B)False
Answer: False
Q4) Offshoring is a special form of outsourcing.
A)True
B)False
Answer: True
To view all questions and flashcards with answers, click on the resource link above. Page 3
Chapter 2: Theories of Trade: Investment and Internationalisation
Available Study Resources on Quizplus for this Chatper
50 Verified Questions
50 Flashcards
Source URL: https://quizplus.com/quiz/60066
Sample Questions
Q1) The most contentious implication of new trade theory is that it generates an argument for government and strategic trade policy.
A)True
B)False
Answer: True
Q2) Of the following,which one is NOT an indicator of why trade is considered to be mutually beneficial to those involved in it?
A)It allows for specialisation.
B)It allows for production of products at higher prices.
C)It affords realisation of scale economies.
D)It affords production of a larger variety of products.
Answer: B
Q3) Capitalism was considered to be the first theory of international trade.
A)True
B)False
Answer: False
To view all questions and flashcards with answers, click on the resource link above. Page 4
Chapter 3: The Political Economy of Trade and Investment
Available Study Resources on Quizplus for this Chatper
50 Verified Questions
50 Flashcards
Source URL: https://quizplus.com/quiz/60065
Sample Questions
Q1) Mercosur originated in 1988 as a free trade pact between __________.
A)Mexico and Brazil
B)Peru and Brazil
C)Brazil and Argentina
D)Venezuela and Peru
Answer: C
Q2) In the advanced economies,there is no real difference between food security and food self-sufficiency.
A)True
B)False
Answer: False
Q3) Closer Economic Relations (CER)is a free trade agreement between:
A)New Zealand and Japan.
B)Indonesia and Malaysia.
C)Australia and New Zealand.
D)China and Vietnam.
Answer: C
To view all questions and flashcards with answers, click on the resource link above.
Page 5
Chapter 4: Foreign Exchange and the International Monetary System
Available Study Resources on Quizplus for this Chatper
50 Verified Questions
50 Flashcards
Source URL: https://quizplus.com/quiz/60064
Sample Questions
Q1) The _________ states that in competitive markets free of transportation costs and barriers to trade,identical products sold in different countries must sell for the same price,when their price is expressed in terms of the same currency.
A)law of one price
B)principle of consistent pricing
C)model of fair pricing
D)principle of equitable pricing
Q2) ____________an investment fund that not only buys financial assets (stocks,bonds,currencies),but also sells them short.
A)A hedge fund
B)A merchant bank
C)An economic fund
D)A reserve bank
Q3) The US dollar is regarded as a ________ currency,as it is regarded as one of the most traded currencies in the world.
A)desirable
B)vehicle
C)convertible
D)speculative
To view all questions and flashcards with answers, click on the resource link above. Page 6
Chapter 5: Differences in Culture
Available Study Resources on Quizplus for this Chatper
50 Verified Questions
50 Flashcards
Source URL: https://quizplus.com/quiz/60063
Sample Questions
Q1) The best way to describe language that is not spoken is to refer to it as
A)discrete communication
B)non-verbal communication
C)silent communication
D)passive communication
Q2) Historically,British society has been divided into three main classes:
A)the upper class,the middle class and the working class.
B)the topmost class,the central class and the bottom class.
C)the preferred class,the medium class and the lower class.
D)the higher class,the central class and the lower class.
Q3) The most able and qualified individuals in a business organisation may find their route to the higher levels of the organisation blocked simply because they come from lower castes,under the teachings of __________.
A)Hinduism
B)Christianity
C)Islam
D)Buddhism
To view all questions and flashcards with answers, click on the resource link above.
Chapter 6: Political and Legal Environments
Available Study Resources on Quizplus for this Chatper
50 Verified Questions
50 Flashcards
Source URL: https://quizplus.com/quiz/60062
Sample Questions
Q1) The rise of the ____________rtrayed as a response to the alienation produced by modernisation.
A)Tamil tigers
B)Orthodox Christians
C)Taliban
D)Islamic fundamentalists
Q2) When public officials,such as politicians and government bureaucrats,extort income or resources from property holders,this can be described as:
A)patents.
B)public action.
C)warrants.
D)private action.
Q3) According to Business Software Alliance,which region had the highest piracy rates in 2011?
A)Asia Pacific
B)North America
C)Central and Eastern Europe
D)The Middle East and Africa
To view all questions and flashcards with answers, click on the resource link above. Page 8
Chapter 7: Economic Environment
Available Study Resources on Quizplus for this Chatper
50 Verified Questions
50 Flashcards
Source URL: https://quizplus.com/quiz/60061
Sample Questions
Q1) Sources of economic growth are both:
A)primary and secondary.
B)easy and difficult.
C)quantitative and qualitative.
D)opportunistic and threatening.
Q2) All of the following measures or indices give a static picture of development,except:
A)the Human Development Index (HDI).
B)Gross National Income (GNI).
C)Economic Growth Rates (EGR).
D)Purchasing Power Parity (PPP).
Q3) It has been argued that the economic freedom associated with a ______ economy creates greater incentives for innovation than either a planned or mixed economy.
A)production
B)market
C)commercial
D)manufacturing
To view all questions and flashcards with answers, click on the resource link above. Page 9
Chapter 8: Ethics and Corporate Responsibilty
Available Study Resources on Quizplus for this Chatper
49 Verified Questions
49 Flashcards
Source URL: https://quizplus.com/quiz/60060
Sample Questions
Q1) The tragedy of the commons occurs when a resource,owned by the host country,is overused by all individuals.
A)True
B)False
Q2) Home-country managers working abroad in multinational firms (expatriate managers)may experience ______an the usual degree of pressure to violate their personal ethics.
A)less pressure
B)more pressure
C)lower pressure
D)no pressure
Q3) Contemporary moral philosophers tend to view Immanuel Kant's ethical philosophy as incomplete,principally because his system has no place for ______________.
A)human rights or theories
B)immoral sentiments and emotions
C)moral emotions and sentiments
D)human emotions and dignity
To view all questions and flashcards with answers, click on the resource link above. Page 10
Chapter 9: Country Market Analysis
Available Study Resources on Quizplus for this Chatper
50 Verified Questions
50 Flashcards
Source URL: https://quizplus.com/quiz/60059
Sample Questions
Q1) The success of Jollibee,a Philippines-based fast-food chain,demonstrates that:
A)developing countries can learn from the success of competing multinationals from developed countries.
B)firms from developing countries are strategically situated to succeed over firms from developed countries.
C)firms from developing countries will never catch up to those from developed countries.
D)developing countries use unethical practices to get ahead of firms from developed countries.
Q2) It is a ______anager who may wait for an external trigger such as an unsolicited order to examine the viability of entering a foreign market.
A)proactive
B)reactive
C)junior
D)senior
Q3) 3M's strategy 'to win big' in the marketplace was used on the basis of entering markets on a large scale.
A)True
B)False
To view all questions and flashcards with answers, click on the resource link above.
Page 11
Chapter 10: The Strategy of International Business
Available Study Resources on Quizplus for this Chatper
50 Verified Questions
50 Flashcards
Source URL: https://quizplus.com/quiz/60058
Sample Questions
Q1) The ability to spread fixed costs over a large volume results in a cost-savings phenomenon referred to as:
A)volume synergies.
B)economies of scale.
C)captured savings.
D)size effects.
Q2) Brisbane-based Wotif.com is a specialist online accommodation service provider that attributes its success to a number of factors,which are principally based on:
A)the general environment of a firm,including competitors and suppliers.
B)the formal divisions of an organisation.
C)the location of decision-making responsibilities within a low-cost structure.
D)the establishment of integrating mechanisms to coordinate activities of subunits.
Q3) The Wotif.com online accommodation success story is based on which strategy?
A)Merchant model.
B)Commission model.
C)Track,grab and compare margins model.
D)Retail buyer and supplier comparison model.
To view all questions and flashcards with answers, click on the resource link above.
Chapter 11: Entering Foreign Markets
Available Study Resources on Quizplus for this Chatper
50 Verified Questions
50 Flashcards
Source URL: https://quizplus.com/quiz/60057
Sample Questions
Q1) An arrangement whereby a firm grants the rights to intangible property to another entity for a specified time period in exchange for payment is an exporting agreement.
A)True
B)False
Q2) Countertrades main attraction is that it can give a firm a way to:
A)finance an export deal when other means are not available.
B)broker a deal that will help collect as much pertinent information on potential allies as possible.
C)counteract any criticism in deal-sharing arrangements.
D)get to know the potential partner well before committing to trade.
Q3) Skills within the firm that competitors cannot easily match or imitate are referred to as:
A)core competencies.
B)global competencies.
C)in-born skills.
D)competitive strengths.
Q4) Every export is an import in the recipient country.
A)True
B)False
To view all questions and flashcards with answers, click on the resource link above. Page 13
Chapter 12: International Marketing and RD
Available Study Resources on Quizplus for this Chatper
50 Verified Questions
50 Flashcards
Source URL: https://quizplus.com/quiz/60056
Sample Questions
Q1) Which of the following statements describes a trend in the technological environment?
A)The degree of regulation for technological changes is diminishing.
B)There are a decreasing number of opportunities for innovation.
C)Many companies are putting money into copying competitors rather than innovating.
D)Because there are so many innovations,the time lag between new ideas and their implementation has increased over the last decade.
Q2) As was the case for Kodak and Fiji Photo,the pricing strategy known as _________ become an issue when these two international businesses were in competition against each other.
A)strategic pricing
B)predatory pricing
C)multipoint pricing
D)market-based pricing
Q3) Price is said to elastic when a small change in price produces a large change in demand.
A)True
B)False
To view all questions and flashcards with answers, click on the resource link above.
14
Chapter 13: International Production, Outsourcing and Logistics
Available Study Resources on Quizplus for this Chatper
50 Verified Questions
50 Flashcards
Source URL: https://quizplus.com/quiz/60055
Sample Questions
Q1) Owners of some very well-known global brands contract with Li & Fung to have their products manufactured.This makes Li & Fung one of the largest _________ companies in the world.
A)outsourced
B)manufacturing
C)logistics
D)trade-sourcing
Q2) Buying component parts from independent suppliers gives the firm which of the following advantages?
A)may help the firm to capture orders from international customers,facilitates the scheduling of adjacent processes and greater flexibility
B)greater flexibility,facilitates the scheduling of adjacent processes and protects proprietary production technology
C)facilitates investments in highly specialised assets,protects proprietary product technology and facilitates the scheduling of adjacent processes
D)greater flexibility,it can help drive down the firm's cost structure and it may help the firm to capture orders from international customers
To view all questions and flashcards with answers, click on the resource link above. Page 15
Chapter 14: International Human Resources Management
Available Study Resources on Quizplus for this Chatper
50 Verified Questions
50 Flashcards
Source URL: https://quizplus.com/quiz/60054
Sample Questions
Q1) The stereotypical expatriate is a male,accompanied by a partner,who is transferred from company HQ to a foreign subsidiary for a term of three to five years.
A)True
B)False
Q2) An expatriate manager is a citizen of one country who is working abroad in one of his or her firm's subsidiaries.
A)True
B)False
Q3) What type of unions generally try to get better pay,greater job security and better working conditions for their members through collective bargaining with management?
A)management
B)labour
C)statutory
D)volunteer
Q4) In Australian MNEs,expatriate managers learn how to adopt the work practices of the firm's overseas venture.
A)True
B)False
To view all questions and flashcards with answers, click on the resource link above.
Page 16