Global Entrepreneurship
Question Bank
Course Introduction
Global Entrepreneurship explores the opportunities and challenges of launching and managing new ventures in international contexts. The course examines key concepts such as international market entry strategies, cross-cultural management, global networking, and the mobilization of resources and financing across borders. Students will analyze global case studies, learn about the influence of economic, political, and legal environments on entrepreneurship, and develop the skills needed to identify and evaluate opportunities in diverse markets. Practical assignments and interactive sessions equip students with the knowledge to create sustainable and innovative business models that can thrive in the global marketplace.
Recommended Textbook
Global Business 3rd Edition by Mike Peng
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17 Chapters
1326 Verified Questions
1326 Flashcards
Source URL: https://quizplus.com/study-set/324
Page 2
Chapter 1: Globalizing Business
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78 Verified Questions
78 Flashcards
Source URL: https://quizplus.com/quiz/5386
Sample Questions
Q1) An institution-based view suggests that the success and failure of firms are enabled and constrained by business norms of the host nation.
A)True
B)False
Answer: True
Q2) Focusing on a firm's internal resources and capabilities is the main emphasis of the resource-based view.
A)True
B)False
Answer: True
Q3) Liability of foreignness is the inherent disadvantage experienced by foreign firms in host counties because of their non-native status.
A)True
B)False
Answer: True
Q4) A dragon multinational is a name given to MNEs from emerging markets.
A)True
B)False Answer: True
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Chapter 2: Understanding Formal Institutions: Politics, Laws, and Economics
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78 Verified Questions
78 Flashcards
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Sample Questions
Q1) In the United States,only 1 per cent of the land is formally registered.
A)True
B)False
Answer: False
Q2) Which of the following is the argument used by proponents of the "cultural" explanation for the difference in economic development across the globe?
A) That rich countries have a smarter and harder-working population
B) That rich countries tend to be endowed with natural resources
C) That rich countries tend to have better market-supporting institutions
D) That rich countries generally tend to have a democratic style of government
Answer: A
Q3) State ownership differs from private ownership in that in state ownership _____.
A) maximizing profits is the sole objective of a firm
B) management appointments are made by owners and investors based on merit
C) protecting jobs and minimizing social unrest is the objective of a firm
D) managers' compensation is determined by competitive market forces
Answer: C
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Page 4
Chapter 3: Emphasizing Informal Institutions: Cultures, Ethics, and Norms
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78 Verified Questions
78 Flashcards
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Sample Questions
Q1) Which of the following is/are the final phase of acquiring cultural intelligence?
A) Skills
B) Awareness
C) Knowledge
D) Divergence
Answer: A
Q2) Cultures of low uncertainty avoidance tend to resist change.
A)True
B)False
Answer: False
Q3) Which of the following is one of the five dimensions outlined in the Dimensions Approach?
A) Language
B) Work ethics
C) Religion
D) Uncertainty avoidance
Answer: D
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Page 5
Chapter 4: Leveraging Resources and Capabilities
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78 Flashcards
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Sample Questions
Q1) Valuable and rare,but imitable,resources and capabilities give firms a permanently sustainable competitive advantage.
A)True
B)False
Q2) The process of outsourcing to a domestic firm is known as captive sourcing.
A)True
B)False
Q3) Product design is considered an upstream activity in the value chain.
A)True
B)False
Q4) Articulate the benefits of offshoring.
Q5) Which of the following support activities corresponds to a firm's primary activity of final assembly?
A) Technology development
B) Human resources
C) Infrastructure
D) Logistics
Q6) Explain the different categories of intangible resources and capabilities that a firm could possess.
Q7) What is a value chain?
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Chapter 5: Trading Internationally
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Sample Questions
Q1) A trade _____ is an economic condition in which a nation imports more than it exports.
A) deficit
B) surplus
C) embargo
D) VER
Q2) Political arguments against free trade focus on protectionism and infant industries.
A)True
B)False
Q3) In the third stage of the product life cycle theory,the _____.
A) demand and ability to produce the product grow in developed nations
B) product is standardized
C) lead innovation nation starts exporting more and importing less
D) production of a product commanding a price premium will be concentrated in the lead innovation nation
Q4) Antidumping duties are levied on a country's exports.
A)True
B)False
Q5) Discuss the political arguments against free trade.
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Chapter 6: Investing Abroad Directly
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78 Flashcards
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Sample Questions
Q1) FPI refers to the _____.
A) direct, hands-on management of foreign assets
B) amount of FDI moving in a given period in a certain direction
C) ability of a firm to engage in downstream stage of the value chain in a host country
D) investment in a portfolio of foreign securities that do not entail the active management of foreign assets
Q2) Which of the following political perspectives maintains the view that FDI has both pros and cons and can only be approved when its benefits outweigh costs?
A) Pragmatic nationalism
B) Protectionism
C) The radical view of FDI
D) The free market view of FDI
Q3) Knowledge spillover refers to _____.
A) the risk associated with unauthorized diffusion of firm-specific know-how
B) a violation of the knowledge and IP rights secured by a copyright
C) knowledge diffused from one firm to others among closely located firms
D) the imperfect rules governing international transactions
Q4) Why do firms prefer FDI to licensing?
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Page 8
Chapter 7: Dealing with Foreign Exchange
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78 Verified Questions
78 Flashcards
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Sample Questions
Q1) The foreign exchange market has no central physical location and is the largest and most active market in the world.
A)True
B)False
Q2) Identify the difference between fixed and floating exchange rates.Provide an example of a situation where the fixed and floating exchange rates were used.
Q3) Risk analysis of any country must include its currency risks.
A)True
B)False
Q4) Explain,with the help of examples,the three primary types of foreign exchange transactions.
Q5) _____ have specified upper or lower bounds within which the exchange rate is allowed to fluctuate.
A) Fixed exchange rates
B) Target exchange rates
C) Free float exchange rates
D) Dirty float exchange rates
Q6) Briefly explain the cause for the fall of the Bretton Woods System.
Q7) What determines the success and failure of currency management around the globe?
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Chapter 8: Capitalizing on Global and Regional Integration
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78 Verified Questions
78 Flashcards
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Sample Questions
Q1) In which of the following types of economic integration systems will the establishment of a common currency be possible?
A) Customs union
B) Economic union
C) Free trade area
D) Common market
Q2) Discuss how the institution-based perspective accounts for the success of MNEs by focusing on regional opportunities.
Q3) All WTO members are obliged to follow WTO rulings on settlement disputes as law.
A)True
B)False
Q4) NAFTA is an example of a(n)_____.
A) free trade area
B) customs union
C) common market
D) economic union
Q5) All the countries of Europe are part of the European Union (EU).
A)True
B)False
Q6) Explain possible benefits of global economic integration.
Page 10
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Chapter 9: Growing and Internationalizing the Entrepreneurial Firm
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78 Verified Questions
78 Flashcards
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Sample Questions
Q1) Entrepreneurs need to cultivate strong informal norms granting legitimacy to entrepreneurs.
A)True
B)False
Q2) Relative to licensing and franchising,_____ allow a firm to have better control of how its proprietary technology is used while entering foreign markets.
A) harvest and exit methods
B) foreign direct investments
C) indirect exports
D) direct exports
Q3) Explain the resource-based views in light of their effect on entrepreneurial success.
Q4) Which of the following is one of the methods by which entrepreneurial firms internationalize by entering foreign markets?
A) Harvest and exit
B) Indirect exports
C) Microfinancing
D) Franchising
Q5) Explain the concept of microfinance.
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Chapter 10: Entering Foreign Markets
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78 Verified Questions
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Sample Questions
Q1) Which of the following is an advantage of direct exports?
A) No trade barriers
B) Low transportation costs for bulky products
C) Avoid export processes
D) Better control over distribution
Q2) A build-operate-transfer (BOT)agreement is an equity mode of entry.
A)True
B)False
Q3) With regard to foreign market entry,the resource-based view argues that foreign firms need to:
A) take actions deemed legitimate and appropriate by the various formal and informal institutions governing market entries.
B) be aware of the numerous regulatory risks and trade and investment barriers.
C) deploy overwhelming resources and capabilities to offset their liability of foreignness.
D) understand the numerous differences in cultures, norms, and values.
Q4) Greenfield operations and acquisitions have complete equity and operational control.
A)True B)False
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Chapter 11: Managing Global Competitive Dynamics
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78 Flashcards
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Sample Questions
Q1) Firms whose units are loosely controlled are better mutual forbearers than more centrally coordinated firms.
A)True
B)False
Q2) Laws that make it illegal for an exporter to sell goods below cost abroad with the intent to raise prices after eliminating local rivals are called _____ laws.
A) collusion
B) antidumping
C) antitrust
D) anticartel
Q3) Firms are allowed to organize strategic alliances with rivals for cost reduction.
A)True
B)False
Q4) The American antitrust policy is pro-incumbent and pro-producer.
A)True
B)False
Q5) Explain the three drivers of counterattacks.
Q6) Under what conditions would a firm adopt a contender strategy?
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Chapter 12: Making Alliances and Acquisitions Work
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Sample Questions
Q1) Equity,learning and experience,relational capabilities,and nationality are four factors that may influence alliance performance.
A)True
B)False
Q2) At stage 1 in the formation of an alliance,a firm must _____.
A) check the degree of tacitness
B) evaluate institutional constraints
C) decide whether growth can be achieved through market transactions
D) choose between a contract or an equity approach
Q3) The informal institution-based view that stresses on the cognitive pillar is centered on the internalized taken-for-granted values and beliefs that guide firm behavior.
A)True
B)False
Q4) Elaborate on the institution-based view of alliances and acquisitions.
Q5) ____ refers to overconfidence in one's capabilities.
A) Hubris
B) Fringe
C) Decoupling
D) Andon
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Chapter 13: Strategizing,Structuring,and Learning around the World
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78 Verified Questions
78 Flashcards
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Sample Questions
Q1) Which of the following is an example of tacit knowledge?
A) Performing surgery
B) A product manual
C) HR policies
D) Writing an e-mail
Q2) Local responsiveness makes local customers and governments happy and helps decrease costs.
A)True
B)False
Q3) When an MNE is locally responsive,_____.
A) the local government's involvement reduces
B) regulations are loosened
C) innovations are limited
D) costs increase
Q4) Accurately measuring the inflows and outflows of tacit and explicit knowledge is process oriented and easy to achieve.
A)True
B)False
Page 15
Q5) Summarize the advantages and disadvantages of the home replication strategy.
Q6) What are centers of excellence?
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Page 16
Chapter 14: Competing on Marketing and Supply Chain Management
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78 Verified Questions
78 Flashcards
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Sample Questions
Q1) The category of customers who are skeptical about whether global brands deliver higher quality goods are called _____.
A) global citizens
B) global dreamers
C) antiglobals
D) global agnostics
Q2) ____ refers to the expenditures a customer is willing to pay for a product.
A) Total cost
B) Price
C) Total cost of ownership
D) Price elasticity
Q3) In terms of the supply chain,alignment is best defined as _____.
A) the combining of interests of various players involved in the supply chain
B) the ability to change supply chain configurations in response to long-term changes in the environment and technology
C) the ability to quickly react to unexpected shifts in supply and demand
D) the way to identify consumers who differ from others in purchasing behavior
Q4) Elaborate on the various aspects marketers have to consider to enhance promotion.
Q5) List a few do's and don'ts to avoid blunders in international marketing.
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Chapter 15: Managing Human Resources Globally
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Sample Questions
Q1) MNEs with a _____ strategic orientation follow an ethnocentric staffing approach.
A) home replication
B) localization
C) global standardization
D) transnational
Q2) Ethnocentrism continues to characterize many MNEs: knowledge transfer is typically one way-from headquarters to subsidiaries via expatriates.
A)True
B)False
Q3) In 2007,the (US)House of Representative passed a new Employee Free Choice Act,designed to make it easier to organize unions in the United States.
A)True
B)False
Q4) Integrating individuals from two (parent and host)countries is a lot more complex than molding managers from a variety of nationalities.
A)True
B)False
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18
Chapter 16: Financing and Governing the Corporation
Globally
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78 Verified Questions
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Sample Questions
Q1) Corporations in the United States and the United Kingdom rely mostly on _____.
A) voice-based, internal mechanism
B) bank-oriented, network-based systems
C) bank-oriented, high-tension systems
D) exit-based, external mechanism
Q2) Ranging from entrepreneurial start-ups to multinational enterprises (MNEs),all firms need to raise capital.
A)True
B)False
Q3) Discuss the opportunistic agents versus managerial stewards' debate concerning corporate finance and governance.
Q4) Activities that enrich controlling shareholders at the expense of minority shareholders are referred to as _____.
A) amortization
B) accretion
C) backwardation
D) expropriation
Q5) LBO-based private equity transactions are associated with three major changes in corporate governance.List these changes.
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Chapter 17: Managing Corporate Social Responsibility
Globally
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Sample Questions
Q1) Which of the following is one of the underlying motivations behind MNEs voluntary "green practices"?
A) CSR demands satisfied by customers in developing countries
B) Strong military and legal supervision in the host countries
C) Requirements of MNE headquarters for worldwide compliance of higher CSR standards
D) Constant interference in collective bargaining
Q2) The free market school has provided much of the intellectual underpinning for globalization spearheaded by MNEs.
A)True
B)False
Q3) A reactive strategy is indicated by relatively little or no support by top management of CSR causes.
A)True
B)False
Q4) Elaborate on the resource-based view to CSR.
Q5) Elaborate on the environmental standards debate concerning CSR.
Q6) Suppliers and customers are secondary stakeholders.
A)True
B)False Page 20
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Page 21