Global Entrepreneurship Test Preparation
Course Introduction
Global Entrepreneurship examines the opportunities and challenges faced by entrepreneurs operating in the international marketplace. The course explores the dynamics of creating, financing, and managing ventures across borders, taking into account cultural differences, global market entry strategies, legal and ethical considerations, and international sources of funding. Through case studies and practical projects, students will develop the skills needed to identify global opportunities, build cross-cultural teams, and adapt business models to diverse environments, preparing them to launch and grow ventures in the interconnected global economy.
Recommended Textbook
Global Business Today 3rd Edition by
Charles W. L. Hill Dr
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14 Chapters
699 Verified Questions
699 Flashcards
Source URL: https://quizplus.com/study-set/3021
Page 2
Chapter 1: Globalisation
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50 Verified Questions
50 Flashcards
Source URL: https://quizplus.com/quiz/60067
Sample Questions
Q1) One measure of the sustainability,or 'carbon footprint',of food production is 'food miles'-that is,the distance the food travels to reach the supermarket shelves.Food producers who are carbon efficient in their food production,and are concerted in their efforts on environmental protection,are likely to have:
A)a distinct advantage.
B)an absolute advantage.
C)a comparative advantage.
D)a competitive advantage.
Answer: D
Q2) ________ is the theory that predicts that the power of microprocessor technology doubles and its cost of production falls every 18 months.
A)Brennan's Theorem
B)Bailey's Law
C)Moore's Law
D)Ivan's Law
Answer: C
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Chapter 2: Theories of Trade: Investment and Internationalisation
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50 Verified Questions
50 Flashcards
Source URL: https://quizplus.com/quiz/60066
Sample Questions
Q1) A born global is a firm that:
A)internationalises rapidly.
B)internationalises through joint venture.
C)globalises in an incremental,sequential manner.
D)internationalises within 20 years of inception.
Answer: A
Q2) A contentious issue in the new trade theory is that it generates an argument for
A)low-cost production;government intervention
B)increased trade;government intervention
C)government intervention;entrepreneurship
D)government intervention;strategic trade policy
Answer: D
Q3) Raymond Vernon proposed the product life cycle theory in the mid-1960s and then developed the technology life cycle theory in the 1980s.
A)True
B)False
Answer: False
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Chapter 3: The Political Economy of Trade and Investment
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50 Verified Questions
50 Flashcards
Source URL: https://quizplus.com/quiz/60065
Sample Questions
Q1) Which of the following has the highest level of integration?
A)economic union
B)customs union
C)common market
D)political union
Answer: D
Q2) The employment effects of FDI are both:
A)significant and stringent.
B)adverse and beneficial.
C)large and small.
D)direct and indirect.
Answer: D
Q3) Which type of agreement is the most popular form of regional economic integration,accounting for almost 90 per cent of regional agreements?
A)customs union agreement
B)free trade agreement
C)common market agreement
D)political union agreement
Answer: B
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Page 5
Chapter 4: Foreign Exchange and the International Monetary System
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50 Verified Questions
50 Flashcards
Source URL: https://quizplus.com/quiz/60064
Sample Questions
Q1) Two main functions of the foreign exchange market are ______and ______ against foreign exchange risk.
A)currency speculation;hedging
B)currency investing;managing
C)currency conversion;insuring
D)currency controls;communicating
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) Three factors that have the most important impact on future exchange rate movements include the country's price inflation,its market philosophy,and its ______???__________.
A)rate of economic growth
B)unemployment rate
C)interest rate
D)participation in the World Trade Organization
Page 6
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Chapter 5: Differences in Culture
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50 Verified Questions
50 Flashcards
Source URL: https://quizplus.com/quiz/60063
Sample Questions
Q1) In Western banking,the measurement of business ______ncides with seasonal ______rough profit and loss statements.
A)revenue;variations
B)loss;expectations
C)profit;reporting
D)units;fluctuations
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) In countries such as the United States,class membership is most influenced by which of the following?
A)family background
B)social strata
C)personal economic achievements
D)degree of schooling
Q4) Culture is not a constant;it evolves over time.
A)True
B)False
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Chapter 6: Political and Legal Environments
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50 Verified Questions
50 Flashcards
Source URL: https://quizplus.com/quiz/60062
Sample Questions
Q1) All democracies are the same.
A)True
B)False
Q2) The free market view argues that international production should be distributed among countries according to the theory of competitive advantage.
A)True
B)False
Q3) Due to weak legal enforcement options and the inability of governments to action on matters such as theft,piracy and blackmail,this has paved the way for __________ to take effect.
A)public action
B)private action
C)contract action
D)official action
Q4) Patents,copyrights and trademarks are examples of ______roperty laws.
A)intellectual
B)administrative
C)official
D)central
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Chapter 7: Economic Environment
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50 Verified Questions
50 Flashcards
Source URL: https://quizplus.com/quiz/60061
Sample Questions
Q1) Since the late 1980s,two major trends have emerged in the political economies of many of the world's national states.These are:
A)a wave of Communist revolutions has swept the world,and there has been a strong move away from free market economies towards more centrally planned economies.
B)a wave of socialistic revolutions has swept the world,and there has been a strong move away from free market economies towards more centrally planned and mixed economies.
C)a wave of democratic revolutions has swept the world,and there has been a strong move away from centrally planned and mixed economies towards more free market economies.
D)a wave of totalitarian revolutions has swept the world,and there has been a strong move away from centrally planned and mixed economies towards more free market economies.
Q2) Generally,governments have all of the following stabilisation goals except:
A)low inflation.
B)medium unemployment.
C)positive economic growth.
D)balance of payments and receipts.
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Page 9
Chapter 8: Ethics and Corporate Responsibilty
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49 Verified Questions
49 Flashcards
Source URL: https://quizplus.com/quiz/60060
Sample Questions
Q1) Many international business ethical issues arise as primarily because of differences in culture.
A)True
B)False
Q2) Myanmar (formally known as Burma)has one of the worst human rights records in the world.
A)True
B)False
Q3) The term 'noblesse oblige' refers to the notion that:
A)power is morally neutral.
B)privilege requires responsibility.
C)authority has no social bounds.
D)oppression requires suppression.
Q4) The idea that businesspeople should take into account the social consequences of economic actions when making business decisions is regarded as:
A)an ethical dilemma to consider.
B)a moral obligation to perform.
C)an invidious decision to be in.
D)a legal obligation to warrant.
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Chapter 9: Country Market Analysis
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50 Verified Questions
50 Flashcards
Source URL: https://quizplus.com/quiz/60059
Sample Questions
Q1) The Minnesota Mining and Manufacturing Company (3M)export strategy,known as FIDO,stands for:
A)frequent interplay dovetails objectives.
B)forthright involvement deepens ownership.
C)first in defeats others.
D)fast involvement demonstrates opportunities.
Q2) The __________ firm that enters a foreign market on a small scale may limit its potential losses,but it may also miss the chance to capture first-mover advantages.
A)risk-seeking
B)risk-averse
C)wise
D)unwise
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
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11
Chapter 10: The Strategy of International Business
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50 Verified Questions
50 Flashcards
Source URL: https://quizplus.com/quiz/60058
Sample Questions
Q1) A transnational strategy makes sense when the firm is not ready to pursue a localisation or global standardisation strategy.
A)True
B)False
Q2) In North America,companies such as Expedia,Priceline and Hotels.com operate a merchant model where the companies buy the hotel rooms at wholesale and then mark them up and sell them retail.Wotif.com on the other hand operates on different system known as a:
A)margin-rates model.
B)competitor-based model.
C)mark-up based model.
D)commission-based model.
Q3) Pressure for local responsiveness arises from differences in ______________.
A)boundary-less preferences
B)distribution channels
C)infrastructure and traditional practices
D)governmental demands
Q4) Evolution strategies are pursued only by those firms who are evolving.
A)True
B)False
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Chapter 11: Entering Foreign Markets
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50 Verified Questions
50 Flashcards
Source URL: https://quizplus.com/quiz/60057
Sample Questions
Q1) A primary advantage of licensing is that the firm does not have to bear the development costs and risks associated with opening a foreign market.
A)True
B)False
Q2) The term _________ refers to a cooperative agreement between potential or actual competitors.
A)tactical union
B)joint venture
C)political affiliation
D)economic association
Q3) The distinct disadvantages of ____________are the high development costs and risks.
A)wholly owned subsidiary ventures
B)contract manufacturing arrangements
C)strategic alliance structures
D)franchising businesses
Q4) Every export is an import in the recipient country.
A)True
B)False
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Chapter 12: International Marketing and RD
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50 Verified Questions
50 Flashcards
Source URL: https://quizplus.com/quiz/60056
Sample Questions
Q1) Going global for jeans company Levi Strauss has also meant the company now customises their product offerings.
A)True
B)False
Q2) While McDonald's quality,service,cleanliness and value might not be unique,it does form the basis of a system that involves crew focusing on:
A)customer numbers.
B)customer beliefs.
C)competitive influences.
D)customer satisfaction.
Q3) One of the main reasons for such high failure rates in new R&D projects is due to:
A)lack of sales predicted.
B)being able to adequately commercialise promising technology.
C)intolerant project managers.
D)funding cuts to viable products.
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Chapter 13: International Production, Outsourcing and Logistics
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50 Verified Questions
50 Flashcards
Source URL: https://quizplus.com/quiz/60055
Sample Questions
Q1) Strategic alliances with suppliers was pioneered in:
A)America by large chemical producers like Dow.
B)Japan by large auto companies such as Toyota.
C)Europe by large electronics firms like Philips.
D)Germany by telecommunications companies like Deutsche Telekom.
Q2) The traditional role of an operations manager is to ensure the timely production and delivery of the right product at the right quality and price.With globalisation and the increasing use of outsourcing and production alliances,the role for some operational mangers has:
A)expanded with new responsibilities and new skills.
B)contracted due to organisational downsizing.
C)become superfluous when seen through the lens of strategic leaders
D)been integrated with logistics and finance management
Q3) If Ford developed a high-performance,high-quality fuel injection system that no other competitor in the industry can match,what would be the best strategy for Ford?
A)patent the technology and sit on it
B)develop and produce the technology in-house
C)outsource the technology
D)sell the technology to competitors
Page 15
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Chapter 14: International Human Resources Management
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50 Verified Questions
50 Flashcards
Source URL: https://quizplus.com/quiz/60054
Sample Questions
Q1) According to the textbook,in practice,the international trade secretariats (ITS)have had:
A)resounding success.
B)virtually no success.
C)moderate success.
D)good success in industrialised nations,but less success elsewhere.
Q2) Unless a host country has ____________ the expatriate's home country,the expatriate may have to pay income tax to both the home and host country governments.
A)diplomatic relations
B)a trade treaty
C)a positive balance of trade
D)a reciprocal tax treaty
Q3) A largely overlooked but critically important issue in the training and development of expatriate managers is to prepare them for:
A)entry into their respective positions.
B)potential conflict.
C)multiskilling and multitasking.
D)re-entry into their home-country organisation.
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Page 16