International Business
Exam Materials
Course Introduction
International Business explores the dynamics of operating in a global marketplace, examining how companies develop strategies to compete in international contexts. The course covers key topics such as international trade theories, cross-cultural management, global marketing, international finance, and ethical considerations. Students will gain an understanding of how political, economic, legal, and cultural environments influence business decisions, and how organizations adapt their operations to meet the challenges and opportunities of globalization. Through case studies and practical examples, learners will develop the skills needed to analyze global markets, manage international risks, and create sustainable business practices in a culturally diverse world.
Recommended Textbook
Strategic Management and Business Policy Globalization Innovation and Sustainablility 14th Edition
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Page 2
Chapter 1: Basic Concepts in Strategic Management
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Sample Questions
Q1) When an organization is evaluating its strategic position, which is NOT one of the strategic questions that an organization may ask itself?
A) Where is the organization now?
B) Are we a socially responsible firm?
C) If no changes are made, where will the organization be in one year?
D) If the evaluation is negative, what specific actions should management take?
E) If no changes are made, where will the organization be in 10 years?
Answer: B
Q2) Which of the following is an example of a policy?
A) Diversify product line to appeal to more people.
B) Increase sales by 10% over last year.
C) Pay highest salaries to keep high quality employees.
D) Develop and sell quality appliances worldwide.
E) Diversify from retailing into delivery.
Answer: C
Q3) Knowing a company is mindful of its impact on the environment seldom changes consumer buying habits.
A)True
B)False
Answer: False
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Chapter 2: Corporate Governance
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Sample Questions
Q1) The requirements of a board of directors vary significantly by country and by state; however, there is a developing consensus as to what the major responsibilities should be.Which of the following is NOT one of the responsibilities?
A) effective board leadership including the processes, makeup and output of the board
B) strategy of the organization
C) risk vs. initiative and the overall risk profile of the organization
D) becoming directly involved in managerial decisions
E) sustainability
Answer: D
Q2) When a board of directors is involved to a limited degree in the performance or review of selected key decisions, indicators, or programs of management, the degree of involvement is referred to as
A) rubber stamp.
B) nominal participation.
C) active participation.
D) minimal review.
E) phantom.
Answer: B
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Page 4
Chapter 3: Ethics and Social Responsibility in Strategic Management
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Sample Questions
Q1) Kohlberg places 80 percent of U.S.adults in the principled level of development.
A)True
B)False
Answer: False
Q2) A code of conduct that regulates supplier conduct
A) is never enforced.
B) almost always protects a corporation's reputation if an offshore supplier conceals abuses.
C) is recommended if the company outsources manufacturing to a company in another country.
D) is rarely used.
E) has always been found to be legally enforceable.
Answer: C
Q3) Law refers to formal codes that permit or forbid certain behaviors and may or may not enforce ethics or morality.
A)True
B)False
Answer: True
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Chapter 4: Environmental Scanning and Industry Analysis
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Sample Questions
Q1) Which barrier to entry do corporations such as P&G use to force new entrants to spend heavily to overcome existing customer loyalty?
A) rivalry among existing firms
B) switching costs
C) capital requirements
D) product differentiation
E) access to distribution channels
Q2) Regression analysis is an example of which quantitative forecasting technique?
A) the delphi technique
B) statistical modeling
C) brainstorming
D) trend-impact analysis
E) morphological analysis
Q3) A buyer may be powerful when changing suppliers costs a great deal.
A)True
B)False
Q4) NutraSweet can serve as a product substitute for sugar satisfying the same need.
A)True
B)False
Q5) Describe the four strategic types of the Miles and Snow typology.
Page 6
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Chapter 5: Internal Scanning and Organizational Analysis
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Sample Questions
Q1) The part of an industry's value chain that is most important to a company and the point where its greatest expertise and capabilities lie is called the company's
A) functional crossroads.
B) center of gravity.
C) dynamic equilibrium.
D) R&D intensity.
E) economy of scope.
Q2) Which of the following is NOT a support activity of the value chain?
A) procurement
B) technology development
C) human resource management
D) marketing and sales
E) strategic planning
Q3) An example of a cluster in the United States is computer technology found in the Silicon Valley.
A)True
B)False
Q4) Discuss the two characteristics that determine the sustainability of a firm's distinctive competency.
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Chapter 6: Strategy Formulation: Situation Analysis and Business Strategy
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Sample Questions
Q1) Disadvantages of joint ventures include all of the following EXCEPT
A) loss of control.
B) lower profits.
C) probability of conflicts with partners.
D) likely transfer of technological advantage to the partner.
E) mutual dependence.
Q2) Jet airplane manufacturers often enter into strategic alliances to
A) obtain new capabilities.
B) obtain access to specific markets.
C) reduce financial risk.
D) reduce political risk.
E) preserve autonomy.
Q3) If a mission does not provide a common thread for a corporation's businesses, managers might be unclear about where the company is heading.
A)True
B)False
Q4) Rollups are not synonymous with traditional mergers and acquisitions.
A)True
B)False
Q5) What are Porter's four generic strategies?
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Chapter 7: Strategy Formulation: Corporate Strategy
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Sample Questions
Q1) Which external growth strategy involves two or more corporations joining in a stock exchange and from which only one corporation survives?
A) mergers
B) strategic alliances
C) diversification
D) acquisitions
E) concentration
Q2) The ability for Nike to manufacture its own shoes and then build stores for distribution is an example of
A) forward integration.
B) horizontal integration.
C) backward integration.
D) transferred integration.
E) mass integration.
Q3) A long-term contract is considered vertical integration.
A)True
B)False
Q4) What are the more popular options for international entry?
Q5) Discuss the more popular stability strategies.
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Chapter 8: Strategy Formulation: Functional Strategy and Strategic Choice
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Sample Questions
Q1) When a company deals with obtaining raw materials, parts, and supplies needed to perform the operations function, the company is developing its ________ strategy.
A) operations
B) purchasing
C) R&D
D) financial
E) human resource management
Q2) Each business unit has its own set of departments, each with its own functional strategy.
A)True
B)False
Q3) When Intel opened four small-scale research facilities adjacent to universities to promote the cross-pollination of ideas, they were using which approach to R&D?
A) open innovation
B) differentiation
C) technology scouts
D) continuous improvement
E) technological leadership
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Chapter 9: Strategy Implementation: Organizing for Action
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Sample Questions
Q1) Pioneered in the automobile industry, the matrix structure was developed to combine the flexibility of the functional structure with the stability of the product formulation.
A)True
B)False
Q2) As industries move from being multidomestic to more globally integrated, multinational corporations are increasingly switching from the geographic-area to the product-group structure.
A)True
B)False
Q3) Which structure is described as a "non-structure" by its virtual elimination of inhouse business functions?
A) strategic business units
B) functional structure
C) network structure
D) divisional structure
E) matrix structure
Q4) A crisis of control may develop in the Stage III divisional structure.
A)True
B)False
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Chapter 10: Strategy Implementation: Staffing and Directing
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Sample Questions
Q1) Which of the following practices was NOT identified by a study of 750 U.S., Japanese, and European companies that do a good job of managing foreign assignments?
A) When making international assignments they focus on transferring knowledge and developing global leadership.
B) They offer foreign assignments to people whose technical skills are matched or exceeded by their cross-cultural abilities.
C) They offer assignments to those who want to return home early to share their experiences.
D) They end foreign assignments with a deliberate repatriations process with career guidance.
E) They end foreign assignments with a deliberate repatriation process with jobs where the employees can apply what they learned in their assignments.
Q2) Corporate culture does not necessarily have to support the strategy of the firm.
A)True B)False
Q3) What are the four general methods of managing two different cultures?
Q4) What are the four elements of the MBO process?
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Chapter 11: Evaluation and Control
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Sample Questions
Q1) International transfer pricing is primarily used not to evaluate performance, but to minimize taxes.
A)True
B)False
Q2) A multidivisional corporation like GE would tend to use what type of responsibility center?
A) expense center
B) investment center
C) profit center
D) standard cost center
E) revenue center
Q3) According to the 80/20 rule, companies should monitor the 20% of the factors that determine 80% of the results.
A)True
B)False
Q4) Operating cash flow is also known as free cash flow.
A)True
B)False
Q5) Distinguish between behavior and output controls.Provide examples of each.
Q6) Discuss the guidelines for proper control.
Page 13
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Chapter 12: Suggestions for Case Analysis
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Sample Questions
Q1) What is the main purpose of conducting outside research into the environmental setting of the case?
A) It allows students to identify how the company addressed the problem.
B) It provides a learning experience on library usage which is helpful in all courses.
C) It gives a realistic background of the industry during a specified period.
D) It gives you clues as to what the organization should be doing in the future.
E) It furnishes large amounts of data - both pertinent and extraneous.
Q2) Key liquidity ratios include the current ratio, quick ratio, and cash ratio.
A)True
B)False
Q3) Which two basic statements provide most of the financial data needed for analysis?
A) statement of retained earnings and income statement
B) sources and uses of working capital and the balance sheet
C) non-operating gains and losses and statement of financial position
D) historical income statement and balance sheet
E) statement of financial position and statement of owner's equity
Q4) What are constant dollars and why are they important?
Q5) List Schilit's short checklist of items to examine for red flags.
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