Global Strategy Exam Bank
Course Introduction
Global Strategy examines how organizations develop and implement strategies to compete effectively in the international marketplace. The course explores frameworks for analyzing global industries, evaluating cross-border expansion opportunities, and adapting to diverse regulatory, economic, and cultural environments. Students will learn about strategic alliances, global value chains, and entry modes, as well as how to manage risks and leverage competitive advantages in a rapidly changing world. The course emphasizes real-world case studies and strategic decision-making tools to prepare students for leadership roles in multinational organizations.
Recommended Textbook
Global Business Today 3rd Edition by
Charles W. L. Hill Dr
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14 Chapters
699 Verified Questions
699 Flashcards
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Page 2
Chapter 1: Globalisation
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Sample Questions
Q1) Changes in China are creating both opportunities and threats for established international business.
A)True
B)False
Answer: True
Q2) The globalisation of _________ refers to the sourcing of goods and services from locations around the globe to take advantage of national differences in the cost and quality of factors of production (such as labour,energy,land and capital).
A)information technology
B)process design
C)markets
D)production
Answer: D
Q3) An international business is any firm that engages in exporting.
A)True
B)False
Answer: False
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Page 3
Chapter 2: Theories of Trade: Investment and Internationalisation
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Sample Questions
Q1) A situation in which a gain by one party results in a loss by another is called a zero-sum game.
A)True
B)False
Answer: True
Q2) In small national markets such as New Zealand,there may not be enough demand to enable producers to realise ____________ertain products.
A)profit margins
B)economies of scale
C)a sufficient quantity of buyers
D)efficient allocation
Answer: B
Q3) According to Porter's theory,government should be urged to __________ that will have a favourable impact on each component of the national diamond.
A)reject lobby attempts
B)accept foreign manufacturing techniques
C)adopt policies
D)divest outdated materials
Answer: C
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Chapter 3: The Political Economy of Trade and Investment
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Sample Questions
Q1) If ____________rge of 'dumping' can be levied against a foreign firm.
A)goods are being sold that do not meet local content requirements,or goods are being sold that do not meet local quality standards
B)goods are being sold at predatory prices,or goods are being sold that do not meet local product safety standards
C)goods are being sold without the consent of the host government,or goods are being sold that do not meet local quality standards
D)goods are being sold at below their cost of production,or goods are being sold at below their 'fair' market value
Answer: D
Q2) A country's export and import of goods and services is referred to as the:
A)current account.
B)foreign account.
C)internal account.
D)tariff account.
Answer: A
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5
Chapter 4: Foreign Exchange and the International Monetary System
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Sample Questions
Q1) When investors are free to transfer capital between countries,according to the Fisher Effect,real interest rates will:
A)fall in both countries.
B)be highest in the richest country.
C)be the same in every country.
D)depreciate in both countries.
Q2) The latest trend in the foreign exchange market is to trade the spiralling euro and leverage with contracts for difference (CFD)opportunities.
A)True
B)False
Q3) Fluctuating exchange rates expose an international business to three types of foreign exchange risk: transaction,translation and economic.
A)True
B)False
Q4) The term 'mission creep' describes the situation where an organisation:
A)limits its activities overseas.
B)attempts a 'one-size-fits-all' approach to achieving its objectives.
C)expands its activities beyond its original mandate.
D)looks to developing and emerging countries to profit.
Page 6
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Chapter 5: Differences in Culture
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Sample Questions
Q1) In an example of cultures such as Australia and China where there is a noticeable difference in work-related values,an international business with operations in both countries always vary their management processes and practices to account for these differences.
A)True
B)False
Q2) What is the world's oldest major religion?
A)Buddhism
B)Islam
C)Confucianism
D)Hinduism
Q3) The determinants of culture are identified with all but one of the following:
A)religion
B)class
C)education
D)language
Q4) Australian culture,by and large,has an emphasis on individualism.
A)True
B)False
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Chapter 6: Political and Legal Environments
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Sample Questions
Q1) A notable development over the past 20 years has been the development of a ______emocracy.
A)right-wing
B)left-wing
C)growing
D)declining
Q2) Tribal totalitarianism that represents the interests of a particular tribe monopolising power is found mainly in:
A)ArgentinA.
B)Africa.
C)America.
D)Antarctica.
Q3) After the collapse of Communism in Russia,successful business owners often had to pay 'protection money' to the Mafia,or face violent retribution.This is an example of:
A)government corruption.
B)public action.
C)private action.
D)property corruption.
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8
Chapter 7: Economic Environment
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Sample Questions
Q1) The likelihood that a trading partner will opportunistically break a contract or expropriate property rights is called:
A)legitimate risk.
B)permissible risk.
C)constitutional risk.
D)legal risk.
Q2) Economic growth is often regarded as a ______ for economic development.
A)condition
B)predisposition
C)necessity
D)measure
Q3) In a ______conomy,certain sectors of the economy are left to private ownership and free market mechanisms,while in other sectors there is significant state ownership and government planning.
A)command
B)combined
C)mixed
D)political
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9
Chapter 8: Ethics and Corporate Responsibilty
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Sample Questions
Q1) 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.
Q2) Under the Universal Declaration of Human Rights,it confers on employees the right to work,join trade unions and expect favourable remuneration,but not:
A)free choice of employment.
B)protection against employment.
C)just and favourable work conditions.
D)work under unsafe working conditions.
Q3) Having articulated values in a code of ethics,or some other document,leaders in the business must give life and meaning to those words by ____________________.
A)terminating those who deviate from them
B)repeatedly emphasising their importance
C)challenging those who present opposition
D)holding annual seminars about ethics
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Chapter 9: Country Market Analysis
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Sample Questions
Q1) When undertaking a major analysis to determine which markets to enter,the textbook focus is on __________ overview.
A)microeconomic
B)macroeconomic
C)strategic
D)operational
Q2) Another key factor contributing to foreign direct investment is the rise in:
A)staffing.
B)synergy.
C)shared values.
D)services.
Q3) The Australian Trade Commission (Austrade)provides the potential exporter with all of these services,except:
A)initiation and expansion programs.
B)trade promotion and aid.
C)extensive industry and country data.
D)export subsidy.
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Chapter 10: The Strategy of International Business
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Sample Questions
Q1) 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.
Q2) With 'strategic fit' market conditions,strategy,operations and organisation must all be consistent with each other for:
A)survival and prosperous growth.
B)avoidance of competitor challenge.
C)superior performance to be attained.
D)going international and global.
Q3) In the context of value chain analysis,which of the following is an example of a 'primary' activity?
A)materials management
B)research and development
C)manufacturing
D)human relations
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Chapter 11: Entering Foreign Markets
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Sample Questions
Q1) The term _________ refers to a cooperative agreement between potential or actual competitors.
A)tactical union
B)joint venture
C)political affiliation
D)economic association
Q2) One of the principal risks with turnkey projects is:
A)forging alliances partners.
B)to give control of a firm's technology to its partner(s).
C)a firm has no long-term interest in the foreign country.
D)intangible property rights.
Q3) One of the principal risks with joint venture agreements is:
A)that they bring together the complementary skills of alliances partners.
B)to give control of a firm's technology to its partner.
C)a firm can give away more than it receives.
D)that they allow firms to share fixed costs.
Q4) For novice exporters,it is wise to engage an agent within the home country than deal directly with the overseas customer.
A)True
B)False
Page 13
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Chapter 12: International Marketing and RD
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Sample Questions
Q1) Price discrimination exists whenever consumers in different countries:
A)do not understand purchasing power parity.
B)try to use the law of one price.
C)are charged different prices for the same product.
D)are exposed to predatory pricing.
Q2) Price discrimination exists whenever consumers in different countries are charged different prices for the same product.
A)True
B)False
Q3) One way to achieve integration between R&D and production is to create:
A)cross-functional teams.
B)cross-systems teams.
C)cross-supplier teams.
D)cross-structural teams.
Q4) Although a firm that is successful at developing new products may earn enormous returns,new product development has a:
A)high failure rate.
B)high success rate.
C)low costs relative to returns.
D)limited time to market.
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Chapter 13: International Production, Outsourcing and Logistics
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Sample Questions
Q1) In the decision to 'make' or 'buy',an argument that supports making all or part of a product in-house is by adopting the principle of:
A)horizontal integration.
B)conglomerate integration.
C)seasonal integration.
D)vertical integration.
Q2) According to the textbook,the benefits of manufacturing components in-house seem to be greatest when all of the following factors are involved,except:
A)when highly specialised assets are involved.
B)when the firm is simply more efficient than external suppliers at performing a particular activity.
C)when maximum flexibility is necessary.
D)when vertical integration is necessary for protecting proprietary technology.
Q3) Logistics is the expanded terminology for distribution.
A)True
B)False
Q4) ISO 9000 is the international standard for product manufacturing firms.
A)True
B)False
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Chapter 14: International Human Resources Management
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Q1) ________ should be seen as the final link in an integrated,circular process that connects good selection and cross-cultural training of expatriate managers with completion of their term abroad,and reintegration into their national organisation.
A)Indopatriation
B)Expatriation
C)Repatriation
D)Propatriation
Q2) In Australian MNEs,expatriate managers learn how to adopt the work practices of the firm's overseas venture.
A)True
B)False
Q3) According to the results of a study by R.L.Tung,the most consistent reason cited by European expatriates for expatriate failure among their group was the inability of the manager's spouse to adjust to a new environment.
A)True
B)False
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