International Business Exam Practice Tests
Course Introduction
International Business explores the complexities of conducting commercial transactions across national borders. The course examines the economic, cultural, legal, and political factors that influence international trade and investment. Students gain insights into global market dynamics, strategies for entering foreign markets, international financial systems, and the challenges of managing multinational enterprises. Emphasis is placed on understanding the impact of globalization, cross-cultural communication, ethical considerations, and the evolving nature of global competition. This course equips students with the knowledge and skills necessary to analyze international business opportunities and develop strategies for success in a rapidly changing global environment.
Recommended Textbook
International Management Managing Text and Cases 8th Edition by Helen Deresky
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Page 2
Chapter 1: Assessing the Environment: Political, Economic, Legal, Technological
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Sample Questions
Q1) Loss of technology and interference in managerial decision making are forms of
A) legal risk events
B) political risk events
C) cultural risk events
D) economic risk events
Answer: B
Q2) Which of the following means of political risk reduction is best suited for firms that decide a high-risk environment is worth the potential returns?
A) avoidance
B) adaptation
C) hedging
D) dependency
Answer: B
Q3) Which of the following is an example of a macropolitical risk event?
A) a terrorist attack
B) forced sale of equity to host-country nationals
C) expropriation of corporate assets without prompt and adequate compensation
D) barriers to repatriation of funds
Answer: A
Page 3
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Chapter 2: Managing Interdependence, Social Responsibility, and Ethics
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Sample Questions
Q1) Decisions about ethics tend to be made at a higher level,affect more people,and reflect a general stance taken by a company or a number of decision makers.
A)True
B)False
Answer: False
Q2) Under protectionism,public opinion is rallied in favor of national goals and against foreign influences.
A)True
B)False
Answer: False
Q3) If MNCs want to take the lead in dealing with ecological interdependence,then they most likely need to ________.
A) comply with international environmental regulations
B) incorporate sustainability goals into strategic planning
C) invest all profits into recycling and renewing resources around the world
D) work with foreign governments to draft global environmental protection legislation
Answer: B
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Chapter 3: Understanding the Role of Culture
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Sample Questions
Q1) Contingency management requires managers to adapt to the local environment and people,and to manage accordingly.
A)True
B)False
Answer: True
Q2) Differentiate between the characteristics of a universalist culture and a particularist culture?
Answer: A universalist culture applies rules and systems objectively without consideration for individual circumstances.In contrast,a particularist culture gives more weight to relationships and is more subjective.
Q3) Humane orientation measures the extent to which a society takes part in self-enhancement.
A)True
B)False
Answer: False
Q4) Future-oriented societies tend to place more emphasis on instant gratification.
A)True
B)False
Answer: False
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Chapter 4: Communicating Across Cultures
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Sample Questions
Q1) Define decoding and list three main causes of incongruence in the decoding process.
Q2) According to the GLOBE project,workers from countries that ranked low on performance orientation,e.g.,Russia or Greece,________.
A) do not take hard facts and figures seriously
B) prefer direct and explicit communication
C) make avoiding conflict a priority
D) do not encourage friendly relationships
Q3) Brenda is the head of a sports firm in Sweden.In order to communicate effectively with her workers,Brenda should ________.
A) build friendly relationships and encourage two-way dialogues
B) communicate information in a direct and explicit way
C) communicate information with facts and figures
D) exchange gifts with her employees frequently
Q4) The term communication is the process of gathering messages through the Internet and printed media.
A)True
B)False
Q5) How do cultural differences affect the way firms conduct e-commerce?
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Chapter 5: Cross-Cultural Negotiation and Decision Making
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Sample Questions
Q1) During the stage of concessions and agreement,Russians and Chinese generally take extreme positions.
A)True
B)False
Q2) Americans are calm,quiet,patient negotiators; they are accustomed to long,detailed negotiating sessions.
A)True
B)False
Q3) Which of the following is one of the stages in the negotiation process?
A) preparation
B) link building
C) feedback
D) orientation
Q4) Uncomfortable room temperatures,too-bright lighting,rudeness,interruptions,and other irritations are examples of rough tactics used during negotiations.
A)True
B)False
Q5) How is conflict during negotiations handled in high-context and low-context cultures?
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Chapter 6: Formulating Strategy
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Sample Questions
Q1) Which of the following statements is true of the strategic formulation process?
A) The global strategic formulation process is completely independent of the process followed in domestic companies.
B) The strategic formulation process is part of the strategic management process in which most firms engage, either formally or informally.
C) Strategic formulation consists of four defined stages that occur in a consecutive order.
D) Most firms operate on planning cycles of one or two years with periodic strategy reviews.
Q2) After clarifying the corporate mission and objectives,the first major step in weighing international strategic options is the environmental assessment.
A)True
B)False
Q3) The mission of an organization provides a basis for strategic decision making. A)True
B)False
Q4) Describe the various sources of information that are available to managers.
Q5) List the seven steps in the strategic management process.
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Chapter 7: Global Alliances and Strategy Implementation
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Sample Questions
Q1) Which of the following terms suggests that global sourcing can produce gains in efficiency,productivity,quality,and profitability by fully leveraging talent around the world?
A) transformational outsourcing
B) business process reengineering
C) inverted sourcing
D) lean integration
Q2) Barton & Green is an MNC based in the U.S.that makes a wide range of software development products.Executives at the firm are considering the idea of outsourcing the company's IT infrastructure.Which of the following questions is the most relevant to Barton & Green's decision to outsource its IT infrastructure to TMC Enterprises,a firm in India?
A) Which type of operating system is primarily used by TMC Enterprises?
B) What is the attitude of U.S. consumers about TMC Enterprises?
C) What is the financial health of TMC Enterprises?
D) Which other firms have outsourced their processes to TMC Enterprises?
Q3) How can firms increase the likelihood of forming a successful global alliance?
Q4) What motivates a company to develop a cross-border alliance?
Q5) Why should a company seek a global alliance over other forms of market entry?
Q6) What is international joint venture control? Why is it important?
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Chapter 8: Organization Structure and Control Systems
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Sample Questions
Q1) A ________ is a hybrid organization of overlapping responsibilities.
A) functional structure
B) divisional structure
C) product structure
D) matrix structure
Q2) To achieve rationalization,managers choose the manufacturing location for each product based on where the best combination of cost,quality,and technology can be attained.
A)True
B)False
Q3) With the geographic structure,the focus is on ________,since products can be adapted to local requirements.
A) marketing
B) innovation
C) divesting
D) importing
Q4) Small firms typically start their international involvement by establishing international divisions.
A)True
B)False
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Chapter 9: Staffing,Training,and Compensation for Global Operations
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Sample Questions
Q1) A global staffing policy ________.
A) avoids recruiting third-country nationals
B) relies primarily on local managers to fill key managerial positions abroad
C) is overly in favor of filling key managerial positions with people from headquarters
D) provides a greater pool of qualified and willing applicants from which to choose
Q2) In a polycentric staffing approach,recruiting is done on a regional basis and can produce a specific mix of PCNs,HCNs,and TCNs,according to the needs of the company or the product strategy.
A)True
B)False
Q3) According to Mansour Javidan,which of the following is NOT a global mind-set attribute that a successful expatriates possesses?
A) cognitive complexity
B) psychological capital
C) autocratic leadership qualities
D) ability to build trusting relationships with local stakeholders
Q4) What are the major causes of expatriate failure?
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Chapter 10: Developing a Global Management Cadre
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Sample Questions
Q1) A comparative study of European project groups in several countries by Sylvie Chevrie revealed three main strategies for dealing with the challenge of achieving cross-cultural collaboration in multinational horizontal projects.Which of the following is one of those strategies?
A) minimizing trial-and-error processes
B) drawing upon individual tolerance and self-control
C) linking compensation to individual achievement
D) keeping disparate members isolated from the core organizational processes
Q2) Which of the following is a recommendation made by Govindarajan and Gupta for improving global teamwork?
A) rotating and diffusing team leadership
B) conducting all meetings in a single location
C) disassociating rewards from team performance
D) discouraging social networking among managers from different countries
Q3) What are global management teams? Why are they important to global firms?
Q4) What are some of the skills that are necessary for leaders of virtual global teams?
Q5) Task facilitation is the ability to build teams and resolve conflicts.
A)True
B)False
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Chapter 11: Motivating and Leading
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Sample Questions
Q1) Which of the following is one of the typical roles managers on international assignments must often play to enhance leadership effectiveness?
A) representative of competing firms
B) manager of the local firm
C) cultural representative of the host country
D) cultural representative of the neighboring country
Q2) The global leader's role comprises the interaction of two sets of variables,________.
A) the content and the context of leadership
B) technology and information
C) democratic leadership and autocratic leadership
D) differentiation and integration
Q3) Having which of the following traits is universally considered to facilitate leadership effectiveness?
A) visionary
B) self-protective
C) autocratic
D) malevolent
Q4) Briefly describe the impact of e-business on leadership.
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