International Business Exam Solutions
Course Introduction
International Business explores the complexities and opportunities of conducting commercial transactions across national borders. The course examines the global economic environment, cultural differences, international trade theories, and the strategies multinational corporations use to navigate foreign markets. Students will study topics such as global market entry, international finance, cross-cultural management, and ethical considerations in international operations. By analyzing real-world case studies and engaging in group projects, learners develop a comprehensive understanding of how businesses expand internationally, adapt to diverse regulatory environments, and manage challenges related to globalization.
Recommended Textbook
International Management Managing Text and Cases 8th Edition by Helen Deresky
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11 Chapters
1078 Verified Questions
1078 Flashcards
Source URL: https://quizplus.com/study-set/390
Page 2
Chapter 1: Assessing the Environment: Political, Economic, Legal,
Technological
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84 Verified Questions
84 Flashcards
Source URL: https://quizplus.com/quiz/6797
Sample Questions
Q1) Which of the following countries is today known as the world's services supplier,providing highly skilled and educated workers to foreign companies.
A) China
B) Brazil
C) Mexico
D) India
Answer: D
Q2) 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
Q3) Which of the following best explains China's success in exporting?
A) low costs and steady stream of capital
B) geographic location in the world
C) high educational standards
D) close ties with Japan
Answer: A
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Chapter 2: Managing Interdependence, Social Responsibility, and Ethics
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89 Verified Questions
89 Flashcards
Source URL: https://quizplus.com/quiz/6800
Sample Questions
Q1) Which of the following terms refers to a country's use of tariff and nontariff barriers to partially or completely close its borders to various imported products that would compete with domestic products?
A) nationalism
B) privatization
C) protectionism
D) governmentalism
Answer: C
Q2) The difference between social responsibility and ethical behavior is a matter of scope and degree.
A)True
B)False
Answer: True
Q3) The Foreign Corrupt Practices Act (FCPA)prohibits U.S.companies from making illegal payments,other gifts,or political contributions to foreign government officials for the purpose of influencing them in business transactions.
A)True
B)False
Answer: True
Page 4
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Chapter 3: Understanding the Role of Culture
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100 Verified Questions
100 Flashcards
Source URL: https://quizplus.com/quiz/6801
Sample Questions
Q1) Canada consists of distinct groups such as Anglophones,Francophones,and indigenous Canadians.This is an example of ________.
A) subculture
B) stereotyping
C) cultural diffusion
D) convergence
Answer: A
Q2) Assertiveness and materialism are values of a masculine society.
A)True
B)False
Answer: True
Q3) People in Singapore and Denmark are inclined toward long-term planning.According to the GLOBE project,such societies score high on ________.
A) performance orientation
B) assertiveness
C) humane orientation
D) future orientation
Answer: D
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Chapter 4: Communicating Across Cultures
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107 Verified Questions
107 Flashcards
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Sample Questions
Q1) In high-context cultures,feelings and thoughts are not explicitly expressed; instead,one has to read between the lines and interpret meaning from one's general understanding.
A)True
B)False
Q2) Cultural noise is the cultural variables that undermine the communication of intended meaning.
A)True
B)False
Q3) Which of the following is true about monochronic and polychronic cultures?
A) Monochronic cultures experience time in a linear way; polychronic cultures view time as having a past, present, and future.
B) Monochronic cultures treat time as a tool for bringing order to life; polychronic cultures tolerate many events occurring simultaneously.
C) Monochronic cultures experience time in a nonlinear way; polychronic cultures focus on only one single event at a time.
D) Monochronic cultures tolerate many events occurring simultaneously; polychronic cultures treat time as a tool for bringing order to life.
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Chapter 5: Cross-Cultural Negotiation and Decision Making
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100 Verified Questions
100 Flashcards
Source URL: https://quizplus.com/quiz/6803
Sample Questions
Q1) What is the difference between affective,axiomatic,and factual appeals? Provide examples of cultures that use each type.
Q2) Which of the following is most likely a subtle and complex behavior that makes cross-cultural negotiations difficult?
A) developing goals of negotiation
B) nonverbal communication
C) exchanging objective information
D) employing information technology
Q3) During the stage of concessions and agreement,Russians and Chinese generally take extreme positions.
A)True
B)False
Q4) Middle Easterners avoid hiring mediators,as they cannot deal with direct conflicts. A)True
B)False
Q5) What is negotiation?
Q6) Describe the process of decision making that is common in Japanese companies.
Q7) How does nonverbal communication affect the negotiation process?
Page 7
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Chapter 6: Formulating Strategy
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100 Verified Questions
100 Flashcards
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Sample Questions
Q1) Which of the following entry strategies requires little investment and enables quick and easy market withdrawal?
A) franchising
B) joint ventures
C) turnkey projects
D) exporting
Q2) Which of the following terms best describes a company that has operations in various countries,follows policies to develop local R&D to tailor products to markets,lets plants set their own rules,and aims at being a good corporate citizen in every country?
A) GLOCAL
B) global elite
C) counter trade
D) global commons
Q3) What are the two levels of strategic alternatives that a firm must consider when competing internationally?
Q4) Environmental scanning should be conducted on the national level exclusively.
A)True
B)False
Q5) Compare and contrast globalization and regionalization.
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Chapter 7: Global Alliances and Strategy Implementation
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98 Verified Questions
98 Flashcards
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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) Which of the following is a pitfall of cross-border alliances?
A) increase in the number of existing competitors
B) disputes over management
C) convincing expatriates
D) finding local skilled employees
Q3) An equity strategic alliance is a new independent entity jointly created and owned by two or more parent companies.
A)True
B)False
Q4) What is international joint venture control? Why is it important?
Q5) What are some of the complexities of managing and implementing a global alliance? How can e-commerce enablers assist the process?
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Chapter 8: Organization Structure and Control Systems
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100 Verified Questions
100 Flashcards
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Sample Questions
Q1) Which of the following refers to a self-contained business within a company with its own functional departments and accounting systems?
A) buying center
B) supply chain
C) value chain
D) strategic business unit
Q2) A strategic business unit (SBU)is a self-contained business with its own functional departments and accounting systems.
A)True
B)False
Q3) Customizing a range of products in a combination suitable for a particular target market,as a response for the increasing need for speedy adaptation to the market,is known as ________.
A) outsourcing
B) diversification
C) platformisation
D) internationalization
Q4) What are the major variables that should be taken into account when designing a firm's organizational structure?
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Chapter 9: Staffing,Training,and Compensation for Global Operations
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100 Verified Questions
100 Flashcards
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Sample Questions
Q1) Which of the following is the final stage of the IHRM process that is used to maximize the effectiveness of expatriate assignments?
A) selection of expatriate
B) debriefing expatriate and family to improve IHRM process
C) development of contract
D) assessment of development and support needs
Q2) An ethnocentric recruiting approach enables a company to take advantage of its worldwide pool of management skill.
A)True
B)False
Q3) Most MNCs tend to start their operations in a particular region by selecting primarily from their own pool of managers.Over time,and with increasing internationalization,they tend to move to a predominantly polycentric or regiocentric policy because of
A) the lack of governmental support for hiring locals
B) the inefficiencies of expatriate managers
C) the poor performance of subsidiaries
D) the greater costs of expatriate staffing
Q4) What is the difference between culture shock and subculture shock?
Page 11
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Chapter 10: Developing a Global Management Cadre
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100 Verified Questions
100 Flashcards
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Sample Questions
Q1) What are some of the skills that are necessary for leaders of virtual global teams?
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) ________ enable cost effective,rapid knowledge sharing and collaboration,but are fraught with cross-cultural and logistical challenges.
A) Virtual global teams
B) Organizational cliques
C) Local work teams
D) Organizational lobbies
Q4) Knowledge transfer is optimized when career opportunities provided by the organization are congruent with repatriate career goals and aspirations.
A)True
B)False
Q5) What are the long-term consequences of an ineffective repatriation program?
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Chapter 11: Motivating and Leading
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100 Verified Questions
100 Flashcards
Source URL: https://quizplus.com/quiz/6799
Sample Questions
Q1) People with high uncertainty avoidance are motivated by more risky opportunities for variety and fast-track advancement.
A)True
B)False
Q2) Most managers in Mexico find that the management style that works best there is authoritative and paternal.
A)True
B)False
Q3) Which of the following is an effect of e-business on leadership?
A) Global leaders are obliged to adopt an ethnocentric approach to management in order to check the transformation of large corporations.
B) Individual managers are obliged to adapt to the hyperspeed environment of e-business, as well as to the need for visionary leadership in a whole new set of competitive industry dynamics.
C) The pace of international business has slowed down considerably resulting in a overall decline in efficiencies.
D) The importance of rigid organizational structure has increased
Q4) Briefly describe the impact of e-business on leadership.
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