Global Strategic Management
Textbook Exam Questions
Course Introduction
Global Strategic Management explores the complexities of formulating and implementing strategies in a global business environment. The course examines how firms gain and sustain competitive advantage while navigating diverse cultural, economic, and regulatory landscapes across countries. Students will analyze global market dynamics, international expansion strategies, cross-border alliances, and the impact of global trends such as digital transformation and sustainability. By integrating case studies and theoretical frameworks, the course equips students with the tools needed to address the challenges and opportunities faced by organizations operating on an international scale.
Recommended Textbook
International Business The Challenges of Globalization 5th Edition by John J. Wild
Available Study Resources on Quizplus
16 Chapters
3050 Verified Questions
3050 Flashcards
Source URL: https://quizplus.com/study-set/2032
Page 2
Chapter 1: Globalization
Available Study Resources on Quizplus for this Chatper
213 Verified Questions
213 Flashcards
Source URL: https://quizplus.com/quiz/40384
Sample Questions
Q1) Exporting is any business transaction that crosses the borders of two or more nations.
A)True
B)False
Answer: False
Q2) The ________ is an agency created to regulate fixed exchange rates and enforce the rules of the international monetary system.
Answer: International Monetary Fund
Q3) ________ is a measure of a nation's income over a one-year period that excludes income generated from its international activities.
Answer: Gross domestic product (GDP)
Q4) Globalization ________ argue that it allows us all to profit from our differing circumstances and skills.
A) supporters
B) critics
C) theories
D) both A and B
Answer: A
To view all questions and flashcards with answers, click on the resource link above.
Page 3
Chapter 2: Cross-Cultrual Busines
Available Study Resources on Quizplus for this Chatper
232 Verified Questions
232 Flashcards
Source URL: https://quizplus.com/quiz/40385
Sample Questions
Q1) A ________ is a third or "link" language that is understood by two parties who speak different languages.
Answer: lingua franca
Q2) Sharing food gifts during the Islamic holy month of Ramadan is a(n) ________.
A) custom
B) value
C) symbolic act
D) attitude
Answer: A
Q3) Ethnocentricity improves the ability to manage employees, market products, and conduct negotiations in other countries.
A)True
B)False
Answer: False
Q4) People in ________ are casual about time and maintain flexible schedules.
A) Japan
B) the United States
C) Northern Europe
D) Latin America
Answer: D
Page 4
To view all questions and flashcards with answers, click on the resource link above.
Chapter 3: Politics, Law, and Business Ethics
Available Study Resources on Quizplus for this Chatper
218 Verified Questions
218 Flashcards
Source URL: https://quizplus.com/quiz/40386
Sample Questions
Q1) A political system can be characterized by who participates in it and to what extent they participate.
A)True
B)False
Answer: True
Q2) The United Nations does not concern itself with issues such as international trade and economic development.
A)True
B)False
Answer: False
Q3) Pluralism is the belief that only individuals and private groups should control a nation's political activities.
A)True
B)False
Answer: False
Q4) Internet companies can avoid adapting to local politics and laws.
A)True
B)False
Answer: False
To view all questions and flashcards with answers, click on the resource link above. Page 5
Chapter 4: Economic Systems and Development
Available Study Resources on Quizplus for this Chatper
218 Verified Questions
218 Flashcards
Source URL: https://quizplus.com/quiz/40387
Sample Questions
Q1) Nations that have the poorest infrastructures and lowest personal incomes are called ________ countries.
Q2) Interfering with the price mechanism violates a fundamental principle of the market economy.
A)True
B)False
Q3) In a(n) ________, the majority of a nation's land, factories, and other economic resources are privately owned by individuals or businesses.
Q4) To function smoothly and properly, a market economy requires all of the following EXCEPT ________.
A) free enterprise
B) free monopoly
C) price flexibility
D) free choice
Q5) ________ cultures tend to offer few incentives and rewards for individual initiatives.
Q6) Explain how a lack of managerial expertise has affected former centrally planned countries as they transition to market economies.
To view all questions and flashcards with answers, click on the resource link above. Page 6
Chapter 5: International Trade
Available Study Resources on Quizplus for this Chatper
179 Verified Questions
179 Flashcards
Source URL: https://quizplus.com/quiz/40388
Sample Questions
Q1) One way to measure the importance of trade to a nation is to examine ________.
A) its human development index relative to its CPI
B) the availability of natural resources that provides absolute advantage
C) its comparative advantage relative to those of its neighbors
D) the volume of an economy's trade relative to its total output
Q2) Service exports account for around ________ percent of total world trade.
A) 12
B) 2
C) 48
D) 20
E) 80
Q3) When a country has a weak currency relative to other nations, imports are ________ relative to domestic products.
A) more expensive
B) equal in price
C) more attractive
D) less expensive
Q4) ________ theory breaks a nation's resources into two categories: (1) labor, and (2) land and capital equipment.
Q5) Trade in ________ makes up roughly 20 percent of total world trade.
Page 7
To view all questions and flashcards with answers, click on the resource link above.
Chapter 6: Business-Government Trade Relations
Available Study Resources on Quizplus for this Chatper
194 Verified Questions
194 Flashcards
Source URL: https://quizplus.com/quiz/40389
Sample Questions
Q1) Restrictions on the convertibility of a currency into other currencies are called
A) administrative delays
B) local bureaucracy
C) currency controls
D) convertibility delays
Q2) France gave Excelsior's Limited permission to export its product as long as the company obtained a special license first. Excelsior has been waiting six months for the license and is wondering if it will ever arrive. Excelsior's Limited is experiencing ________.
A) an administrative delay
B) typical French bureaucracy
C) why it is so important to always use a trade intermediary when dealing with France
D) none of the above
Q3) The two main reasons countries levy tariffs are to protect domestic producers and to generate revenue.
A)True
B)False
Q4) Foreign trade zones are often intended to increase ________ in a nation.
To view all questions and flashcards with answers, click on the resource link above. Page 8
Chapter 7: Foreign Direct Investment
Available Study Resources on Quizplus for this Chatper
173 Verified Questions
173 Flashcards
Source URL: https://quizplus.com/quiz/40390
Sample Questions
Q1) Which of the following can motivate foreign direct investment?
A) Customer knowledge
B) Following clients
C) Following rivals
D) All of the above
Q2) Because foreign direct investment inflows are recorded as subtractions to the balance of payments, a nation is negatively affected from an initial foreign direct investment inflow.
A)True
B)False
Q3) The international product life cycle theory says that in the standardized product stage, a good is produced in the home country where it was developed because of uncertain domestic demand.
A)True
B)False
Q4) All of the following are benefits of acquisitions EXCEPT the ________.
A) acquisition of goodwill the company has built up over the years
B) acquisition of the brand recognition of the existing company
C) ability to use alternate methods to finance the purchase of the company
D) acquisition of an obsolete plant
Page 9
To view all questions and flashcards with answers, click on the resource link above.
Chapter 8: Regional Economic Integration
Available Study Resources on Quizplus for this Chatper
182 Verified Questions
182 Flashcards
Source URL: https://quizplus.com/quiz/40391
Sample Questions
Q1) The single currency of the European Union is called the ________.
Q2) The ________ is the court of appeals of the European Union.
Q3) The European Union (EU) and European Free Trade Association (EFTA) created the European Economic Area to cooperate on matters such as the free movement of goods, persons, services, and capital.
A)True
B)False
Q4) The main difference between a free-trade area and a customs union is that the members of a free-trade area agree to treat trade with all nonmember nations in a similar manner.
A)True
B)False
Q5) ________ has adopted the U.S. dollar as its official currency.
A) El Salvador
B) Honduras
C) Nicaragua
D) Costa Rica
Q6) Economic integration whereby countries remove all barriers to trade among themselves but each country determines its own barriers against nonmembers is called a(n) ________.
Page 10
To view all questions and flashcards with answers, click on the resource link above.
Chapter 9: International Financial Markets
Available Study Resources on Quizplus for this Chatper
195 Verified Questions
195 Flashcards
Source URL: https://quizplus.com/quiz/40392
Sample Questions
Q1) Booking centers are usually located on small island nations and territories with favorable tax and/or secrecy laws.
A)True
B)False
Q2) Currency arbitrage is ________.
A) the practice of insuring against potential losses that result from adverse changes in exchange rates
B) the profit-motivated purchase and sale of interest-paying securities denominated in different currencies
C) the purchase or sale of a currency with the expectation that its value will change and generate a profit
D) the instantaneous purchase and sale of a currency in different markets for profit
Q3) A way to get around national restrictions on currency convertibility is to use barter. A)True
B)False
Q4) All currencies that are banked outside their countries of origin are called
To view all questions and flashcards with answers, click on the resource link above. Page 11
Chapter 10: International Money System
Available Study Resources on Quizplus for this Chatper
182 Verified Questions
182 Flashcards
Source URL: https://quizplus.com/quiz/40393
Sample Questions
Q1) Translating subsidiary earnings from a weak host country currency into a strong home country currency reduces the amount of these earnings when stated in the home currency.
A)True
B)False
Q2) A company selling its product in a country with a ________ currency while sourcing from a country with a ________ currency improves its profits.
Q3) For the law of one price to apply, products must be all of the following EXCEPT
A) entirely produced within each particular country
B) identical in quality in all countries
C) identical in content in all countries
D) identical in quantity in all countries
Q4) Although the law of one price holds for single products, purchasing power parity is meaningful only when applied to a basket of goods.
A)True
B)False
Q5) Compare and contrast Mexico's debt crisis versus Southeast Asia's financial crisis.
To view all questions and flashcards with answers, click on the resource link above. Page 12
Chapter 11: International Strategy and Organization
Available Study Resources on Quizplus for this Chatper
199 Verified Questions
199 Flashcards
Source URL: https://quizplus.com/quiz/40394
Sample Questions
Q1) A cross-functional team is one composed of employees who work at similar levels in different functional departments.
A)True
B)False
Q2) All of the following are part of stage three of the strategy formulation process EXCEPT
A) selecting multinational or global strategy
B) formulating departmental-level strategy
C) analyzing business-level environment
D) formulating corporate-level strategy
Q3) A multinational strategy is best suited to industries in which price competitiveness is a key success factor.
A)True
B)False
Q4) Which of the following is not a way that products can be differentiated?
A) Quality
B) Design
C) Accounting methods
D) Brand image
To view all questions and flashcards with answers, click on the resource link above. Page 13
Chapter 12: Analyzing International Opportunities
Available Study Resources on Quizplus for this Chatper
169 Verified Questions
169 Flashcards
Source URL: https://quizplus.com/quiz/40395
Sample Questions
Q1) Companies go international either to ________ or to ________.
Q2) To get a rough estimate of the overall size of an emerging market's economy, Matt should examine the nation's ________.
A) market intensity
B) market size
C) market growth rate
D) market consumption capacity
Q3) An unstructured but in-depth interview of a small group of individuals (8 to 12 people) by a moderator to learn the group's attitudes about a company or its product is called a ________.
Q4) A(n) ________ is an international trip by government officials and businesspeople that is organized by agencies of national or provincial governments for the purpose of exploring international business opportunities.
A) environmental scanning
B) trade show
C) logistics movement
D) trade mission
Q5) Define secondary market research and briefly discuss any three secondary data sources.
To view all questions and flashcards with answers, click on the resource link above. Page 14
Chapter 13: Selecting and Managing Entry Modes
Available Study Resources on Quizplus for this Chatper
212 Verified Questions
212 Flashcards
Source URL: https://quizplus.com/quiz/40396
Sample Questions
Q1) A document ordering an importer to pay an exporter a specified sum of money at a specified time is called a(n) ________.
Q2) Counterpurchase is ________.
A) countertrade whereby one company sells to another its obligation to make a purchase in a given country
B) an agreement that a company will offset a hard-currency sale to a nation by making a hard-currency purchase of an unspecified product from that nation in the future
C) the sale of goods or services to a country by a company that promises to make a future purchase of a specific product from that country
D) the exchange of goods or services directly for other goods or services without the use of money
Q3) A(n) ________ is the institutional arrangement by which a firm gets its products, technologies, human skills, or other resources into a market.
Q4) A sales representative represents the products of its own company only, not the products of other companies.
A)True
B)False
To view all questions and flashcards with answers, click on the resource link above. Page 15
Chapter 14: Developing and Marketing Products
Available Study Resources on Quizplus for this Chatper
187 Verified Questions
187 Flashcards
Source URL: https://quizplus.com/quiz/40397
Sample Questions
Q1) Because national image is a fixed variable that does not change, companies should be careful in which country they choose to manufacture.
A)True
B)False
Q2) Counterfeiting is common among highly visible brand-name consumer goods.
A)True
B)False
Q3) Under the ________ method, a company adapts its product to the requirements of the international market while retaining the product's original marketing communication.
Q4) When an idea is ________, it is translated into words, images and symbols.
Q5) Some argue that because the world is becoming standardized and ________, companies should market the same products the same way in all countries.
A) richer
B) heterogeneous
C) homogeneous
D) poorer
Q6) The process of sending promotional messages about products to target markets is called ________.
Page 16
To view all questions and flashcards with answers, click on the resource link above.
Chapter 15: Managing International Operations
Available Study Resources on Quizplus for this Chatper
140 Verified Questions
140 Flashcards
Source URL: https://quizplus.com/quiz/40398
Sample Questions
Q1) Transportation costs are a driving force behind the globalization of the steel industry.
A)True
B)False
Q2) A certificate that trades in the United States and represents a specific number of shares in a non-U.S. company is referred to as an ________.
Q3) Which of these refers to deciding the spatial arrangement of production processes within production facilities?
A) Facilities layout planning
B) Capacity planning
C) Location economics
D) Process planning
Q4) Which of these is a reason to buy instead of make a component?
A) Lower risk
B) Greater flexibility
C) Market power
D) All of the above
Q5) What roles do shipping and inventory costs play in a company's international logistics strategy?
To view all questions and flashcards with answers, click on the resource link above. Page 17
Chapter 16: Hiring and Managing Employees
Available Study Resources on Quizplus for this Chatper
157 Verified Questions
157 Flashcards
Source URL: https://quizplus.com/quiz/40399
Sample Questions
Q1) Japan and Germany lead the world in vocational training and apprenticeship programs for nonmanagerial workers.
A)True
B)False
Q2) Ethnocentric staffing policy tends to appeal to companies that want to maintain tight control over decision making in branch offices abroad.
A)True
B)False
Q3) ________ teaches the culture's values, attitudes, manners, and customs.
Q4) Citizens of one country who are living and working in another are called ________.
Q5) In cultural training, which of these gets a trainee "under the skin" of local people?
A) Cultural orientation
B) Sensitivity training
C) Environmental briefings
D) Guerilla linguistics
Q6) ________ offer insight into social, political, legal, and economic institutions.
Q7) What factors influence the wages of nonmanagerial workers?
To view all questions and flashcards with answers, click on the resource link above. Page 18