Global Business Management
Question Bank
Course Introduction
Global Business Management explores the complexities of conducting business in an international environment, focusing on the strategies, structures, and operations of global organizations. This course examines cultural, economic, and political factors that influence management decisions across borders, covering topics such as international market entry, global supply chain logistics, cross-cultural communication, and ethical considerations. Students will analyze real-world case studies to develop an understanding of how multinational companies adapt to diverse markets, navigate regulatory challenges, and leverage global opportunities to achieve sustainable competitive advantage.
Recommended Textbook
International Business The Challenges of Globalization 8th Edition by John Wild
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16 Chapters
1649 Verified Questions
1649 Flashcards
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Page 2
Chapter 1: Globalization
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100 Verified Questions
100 Flashcards
Source URL: https://quizplus.com/quiz/45497
Sample Questions
Q1) Multinational corporations (MNCs)have direct investments abroad in multiple countries.
A)True
B)False
Answer: True
Q2) Imports are goods and services purchased abroad and brought into a country.
A)True
B)False
Answer: True
Q3) International business is any commercial transaction that crosses the borders of two or more nations.
A)True
B)False Answer: True
Q4) Ureshi Toys selling its products to Topsy Turvey Toys is an example of ________.
A)outsourcing
B)insourcing
C)exporting
D)importing
Answer: C
Page 3
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Chapter 2: Cross-Cultural Business
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100 Verified Questions
100 Flashcards
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Sample Questions
Q1) ________ facilitate(s)the process of cultural imperialism.
A)Strict product liability laws
B)Relaxed trade and investment barriers
C)Technological stagnation
D)Social media censorship
Answer: B
Q2) A culture's values tend to become more flexible over time.
A)True
B)False
Answer: False
Q3) Once in China,Betty witnesses the ease with which Chinese employees incorporate change and new ideas into their work-unlike the people of Oceania who prefer strong systems of rules and guidelines.Which of the following statements within Hofstede's framework is consistent with her observation?
A)China scores low on the uncertainty avoidance dimension.
B)China scores high on the feminity dimension.
C)Chinese organizations are the least entrepreneurial.
D)Chinese organizations have high levels of employee turnover.
Answer: A
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Page 4
Chapter 3: Political Economy and Ethics
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100 Verified Questions
100 Flashcards
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Sample Questions
Q1) ________ is a legal system which is based on a detailed set of written rules and statutes that constitute a legal code.
A)International law
B)Civil law
C)Tribal law
D)Common law
Answer: B
Q2) Pluralism is the belief that only individuals and private groups should control a nation's political activities.
A)True
B)False
Answer: False
Q3) A legal tradition based on religious teachings is called ________ law.
A)democratic
B)common
C)civil
D)theocratic
Answer: D
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Chapter 4: Economic Development of Nations
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86 Verified Questions
86 Flashcards
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Sample Questions
Q1) Managers who take an active approach to political risk management are likely to rely on statistical modeling to quantify the precise degree of political risk.
A)True
B)False
Q2) Which of the following is a disadvantage of local requirement laws to foreign companies?
A)They do not foster local business activity and increase regional and national unemployment.
B)They make it necessary for the government to resort to expropriation and confiscation.
C)The companies are forced to bring in raw material and workers from their own countries.
D)Companies required to hire local personnel might be forced to take on inadequately trained workers.
Q3) Describe the Foreign Corrupt Practices Act,and explain how it relates to corporate social responsibility.
Q4) Does greater economic freedom guarantee a higher standard of living? Provide examples of two specific countries to support your answer.
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6
Chapter 5: International Trade Theory
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100 Verified Questions
100 Flashcards
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Sample Questions
Q1) When there are gains to be had by both countries that are party to an exchange,international trade is considered a(n)________.
A)positive-sum game
B)equal-sum game
C)negative-sum game
D)zero-sum game
Q2) Eventually,Wallace expects that domestic production of the mousetrap will cease altogether.This would happen in the ________ stage of the product life cycle.
A)new product
B)maturing product
C)adapted product
D)standardized product
Q3) According to the theory of ________,trade is beneficial even if one country is less efficient in the production of two goods,as long as it is less inefficient in the production of one of the goods.
A)absolute advantage
B)mercantilism
C)comparative advantage
D)factor proportions
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Page 7
Chapter 6: Political Economy of Trade
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108 Verified Questions
108 Flashcards
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Sample Questions
Q1) A tariff levied by the government of a country that a product is passing through on its way to a final destination is called a ________ tariff.
A)transit
B)compound
C)export
D)specific
Q2) The belief that Freeland's emerging industries need protection from international competition during their development phase is an example of ________.
A)a local content requirement
B)a normal trade relation
C)the infant industry argument
D)the political motive of Freeland
Q3) Write a short note on the World Trade Organization and its influence on the environment.
Q4) Tariffs are a source of government revenue mostly among developing nations.
A)True
B)False
Q5) Describe the main political motives behind government intervention in trade.
Q6) Describe the purpose of a foreign trade zone.How is it used to promote trade?
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Chapter 7: Foreign Direct Investment
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104 Verified Questions
104 Flashcards
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Sample Questions
Q1) Describe any three management issues involved in foreign direct investment decisions.
Q2) Increasing globalization is causing a growing number of international companies from emerging markets to undertake FDI.
A)True
B)False
Q3) ________ are those that use outdated and obsolete technologies or employ low-wage workers with few skills.
A)Business-agile enterprises
B)Sunset industries
C)Greenfield investments
D)Shell corporations
Q4) Trade barriers and specialized knowledge are examples of market imperfections.
A)True
B)False
Q5) A potential problem with a rationalized production model is that a work stoppage in one country can bring the entire production process to a standstill.
A)True
B)False
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Chapter 8: Regional Economic Integration
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112 Verified Questions
112 Flashcards
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Sample Questions
Q1) Trade agreements allow competitors from other nations to enter the domestic market.
A)True
B)False
Q2) The North American Free Trade Agreement membership includes Canada,Mexico,and the United States.
A)True
B)False
Q3) Which of the following is true of the euro?
A)It increases exchange-rate risk for business deals between member nations.
B)It increases transaction costs.
C)It makes prices between markets more transparent.
D)It is not accepted among merchants in France,Germany,and Italy.
Q4) Economic integration can unintentionally reward a less efficient producer within a trading bloc.
A)True
B)False
Q5) Explain the concepts of trade creation and trade diversion.Who are the winners and losers in each scenario?
Q6) Differentiate among the five levels of economic and political integration.
Page 10
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Chapter 9: International Financial Markets
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109 Verified Questions
109 Flashcards
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Sample Questions
Q1) Which of the following terms refers to a stock market with no central geographic location?
A)cybermarket
B)foreign exchange market
C)capital market
D)international bond market
Q2) What is the role of debt in national capital markets,and what form does company debt normally take? Describe the different types of international bonds.
Q3) An offshore financial center is a territory whose financial sector features very few regulations and few,if any,taxes.
A)True
B)False
Q4) The profit-motivated purchase and sale of interest-paying securities denominated in different currencies is called ________.
A)currency conversion
B)currency hedging
C)interest arbitrage
D)interbank interest rates
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Chapter 10: International Monetary System
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107 Verified Questions
107 Flashcards
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Sample Questions
Q1) The value of a currency expressed in dollars is called its par value.
A)True
B)False
Q2) The World Bank was created by the ________.
A)Jamaica Agreement
B)Bretton Woods Agreement
C)Smithsonian Agreement
D)Plaza Accord
Q3) A company can improve its profits by selling in a country with a strong currency and sourcing from a country with a weak currency.
A)True
B)False
Q4) Under the gold standard,if the U.S.dollar was fixed at $30/oz of gold and Japan was fixed at ¥75/oz of gold,what would be the Yen/dollar exchange rate?
A)¥2.50/$
B)$2.50/¥
C)¥0.40/$
D)¥2250/$
Q5) Discuss the challenges involved in forecasting exchange rates.
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Chapter 11: International Strategy and Organization
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112 Verified Questions
112 Flashcards
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Sample Questions
Q1) Which of the following strategies works best for an organization that practices mass production and mass-marketing?
A)differentiation strategy
B)focus strategy
C)low-cost leadership strategy
D)retrenchment strategy
Q2) Support activities assist companies in performing their primary activities.
A)True
B)False
Q3) Customer service is an example of a support activity in the value chain of an organization.
A)True
B)False
Q4) Free-market economies tend to levy high taxes on business profits whereas socialist economic systems normally levy lighter taxes.
A)True
B)False
Q5) Describe any three organizational structures that are common for a vast majority of international companies.
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Chapter 12: Analyzing International Opportunities
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102 Verified Questions
102 Flashcards
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Sample Questions
Q1) The single greatest advantage of ________ is the ability to collect vast amounts of data in a single sweep.
A)survey research
B)focus groups
C)consumer panels
D)interviews
Q2) The potential to conduct written surveys is independent of the literacy rates among the local population.
A)True
B)False
Q3) Briefly discuss the important political and legal forces that should be analyzed in the market/site screening process.
Q4) To estimate an emerging market's openness,Matt could analyze its ________.
A)market receptivity
B)differentiation strategy
C)commercial infrastructure
D)country risk
Q5) Define secondary market research and briefly discuss any three secondary data sources.
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Chapter 13: Selecting and Managing Entry Modes
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106 Flashcards
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Sample Questions
Q1) Explain why companies consider exporting.Describe the four-step model of developing a successful export strategy.
Q2) Which of the following entry modes would Sports Stuff be implementing if it hires a company to design,construct,and test a production facility on its behalf?
A)joint venture
B)turnkey project
C)wholly owned subsidiary
D)franchising
Q3) In some countries,people exchange electronic goods for Techno Toys instead of paying money for them.This practice is known as ________.
A)offset
B)counterpurchase
C)switch trading
D)barter
Q4) Using a distributor increases an exporter's risk.
A)True
B)False
Q5) What are the different financing methods available to exporters and importers?
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Chapter 14: Developing and Marketing Products
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103 Verified Questions
103 Flashcards
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Sample Questions
Q1) The marketing communication process involves encoding and decoding of the promotional message.
A)True
B)False
Q2) Companies along a distribution channel that work together in delivering products to customers are called ________.
A)subsidiaries
B)intermediaries
C)value chains
D)value networks
Q3) A brand name can function as a legal property.
A)True
B)False
Q4) Describe the five communication strategies that companies commonly use and cite situations where the strategies are used.
Q5) Firms that standardize their advertising usually control campaigns from the home office.
A)True
B)False
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Chapter 15: Managing International Operations
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99 Verified Questions
99 Flashcards
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Sample Questions
Q1) If Wilson Industries selects a new area for its production units,the company will be implementing ________.
A)capacity planning
B)process planning
C)facilities location planning
D)product structure modeling
Q2) A British toy company manufactures all of its product lines in a single facility in Europe.Which of the following is the company demonstrating?
A)continuous production
B)lean production
C)centralized production
D)horizontal integration
Q3) ________ refers to the foreign direct investment in factories,equipment,and land that cannot be pulled out of the market quickly.
A)Hot money
B)Patient money
C)Fiat money
D)Key money
Q4) What are the advantages of American Depository Receipts (ADRs)?
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Chapter 16: Hiring and Managing Employees
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101 Verified Questions
101 Flashcards
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Sample Questions
Q1) Differentiate between the three types of staffing policies used by international companies.What are the advantages of each?
Q2) Describe the differences between human resource management in a domestic setting and an international setting,and explain the three phases of human resources planning.
Q3) To help speed up the process of getting approvals for local operations,a firm would most likely benefit from hiring ________.
A)home-country managers from the company's headquarters
B)managerial talent from the host country
C)recent college graduates trained in the home country
D)third-country expatriates with extensive experience in the field
Q4) The most common inducement that companies offer managers to accept international postings is ________.
A)fringe benefits
B)a financial bonus
C)a vacation
D)free housing
Q5) Compare and contrast the methods of cultural training.Is any single method better than all the others?
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