International Business Exam Solutions
Course Introduction
International Business explores the complexities of operating in the global marketplace, examining how firms develop and implement strategies to compete internationally. The course covers topics such as cross-cultural management, entry modes into foreign markets, global supply chain management, international trade theory, and the impact of political, legal, and economic environments on multinational enterprises. Through case studies and real-world examples, students gain insight into the opportunities and challenges presented by globalization, and learn to navigate cultural, ethical, and regulatory differences to create sustainable competitive advantage on a global scale.
Recommended Textbook
M International Business 1st Edition by Michael Geringer
Available Study Resources on Quizplus
17 Chapters
1505 Verified Questions
1505 Flashcards
Source URL: https://quizplus.com/study-set/2929
Page 2
Chapter 1: The Challenging World of International Business
Available Study Resources on Quizplus for this Chatper
91 Verified Questions
91 Flashcards
Source URL: https://quizplus.com/quiz/58369
Sample Questions
Q1) The forces in the international environment are the same as those in the domestic environment except that they occur in foreign nations.
A)True
B)False
Answer: False
Q2) The international environment is composed of all the uncontrollable forces originating in the home country.
A)True
B)False
Answer: False
Q3) The forces over which the management does have some command are called
A)internal but not controllable.
B)external and controllable.
C)foreign.
D)internal (controllable).
E)external.
Answer: D
To view all questions and flashcards with answers, click on the resource link above.
Page 3
Chapter 2: International Trade and Investment
Available Study Resources on Quizplus for this Chatper
90 Verified Questions
90 Flashcards
Source URL: https://quizplus.com/quiz/58368
Sample Questions
Q1) Supporters of mercantilism:
A)viewed accumulation of precious metals as an activity essential to a nation's welfare.
B)viewed industrial development as the primary source of a nation's wealth.
C)promoted trade policies that generally benefitted consumers and emerging industrialists.
D)viewed strong agrarian policies to be the primary source of a nation's wealth.
E)viewed unique cultural notions to be the primary source of a nation's wealth.
Answer: A
Q2) The proportion of manufacturing value added that is located in developed countries has been roughly stable since 1995.
A)True
B)False
Answer: False
Q3) Portfolio investment is the purchase of sufficient stock in a firm to obtain significant management control.
A)True
B)False
Answer: False
To view all questions and flashcards with answers, click on the resource link above.
4
Chapter 3: International Institutions From an International Business Perspective
Available Study Resources on Quizplus for this Chatper
82 Verified Questions
82 Flashcards
Source URL: https://quizplus.com/quiz/58367
Sample Questions
Q1) Kofi Annan,former Secretary General of the UN,observed that we can master our common destiny only if we face it together,and that is why we have the UN.
A)True
B)False
Answer: True
Q2) Given what you have read about institutional theory,comment on the quote from William Inge,Former Dean of St.Paul's,London: "Every institution not only carries with it the seeds of its own dissolution,but prepares the way for its most hated rival."
Answer: This quote poses a paradox for evaluation.The assertion is that institutions contain their own demise and support the success of their rival.A sophisticated answer suggests a mind that has thought about the text issues in interesting ways.One could assert that institutions exist to fulfill a need, (the need suggested by new institutional theory)and when that need is filled,there is no need for the institution to continue to exist,which does leave the field wide open for the rival.So,for example,perhaps free trade agreements are set to substitute for the WTO.
To view all questions and flashcards with answers, click on the resource link above.
Page 5
Chapter 4: Sociocultural Forces
Available Study Resources on Quizplus for this Chatper
93 Verified Questions
93 Flashcards
Source URL: https://quizplus.com/quiz/58366
Sample Questions
Q1) Anthropologist E.T.Hall suggests that,to learn another culture,you need to spend two weeks in it with a training program.
A)True
B)False
Q2) Material culture includes
A)what people in the culture make,such as tools,art,everything material.
B)tapestries but not their frames and the wool or other fabric before it is woven.
C)only manufactures of which the culture is proud.
D)only pottery,glassware and eating utensils.
Q3) There are three main classes of social institutions,based on the conditions of their formation: family,kinship and free association.
A)True
B)False
Q4) "When in Rome,do as the Romans do" is a solid,moral guideline.
A)True
B)False
Q5) Explain Trompenaars' achievement-ascription dimension,and comment on its usefulness in an international business setting.
To view all questions and flashcards with answers, click on the resource link above. Page 6
Chapter 5: Natural Resources and Environmental Sustainability
Available Study Resources on Quizplus for this Chatper
91 Verified Questions
91 Flashcards
Source URL: https://quizplus.com/quiz/58365
Sample Questions
Q1) The main transportation artery of Europe is the
A)Venice canal system.
B)Danube-Dresden waterway.
C)Lake Constantine system.
D)Rhine waterway.
Q2) Unconventional sources of petroleum such as oil sands and shale are often grouped together and referred to as
A)nonrenewable hopes.
B)new sources.
C)peak sources.
D)heavy oil.
Q3) Mountain barriers found in the area of the Pakistan-Afghanistan border impede travel and separate populations.
A)True
B)False
Q4) Climate influences
A)intelligence and energy levels,per the North-South divide.
B)what people can do,physically and economically.
C)levels of emotional well-being.
D)adjustment and motivation.
To view all questions and flashcards with answers, click on the resource link above. Page 7
Chapter 6: Political and Trade Forces
Available Study Resources on Quizplus for this Chatper
71 Verified Questions
71 Flashcards
Source URL: https://quizplus.com/quiz/58364
Sample Questions
Q1) Government protection of economic activities is
A)a historical function of government.
B)a recent responsibility of government.
C)a socialist characteristic.
D)stronger in democracies.
Q2) Zimbabwe is an example of
A)a richly endowed country that has suffered because of government instability.
B)a government that expropriated private property,that is,nationalized it,and then redistributed it.
C)a country whose leadership stole their 2008 election.
D)all of the above.
Q3) Kidnap,ransom and extortion are techniques often used by terrorists against which no insurance is available.
A)True
B)False
Q4) What is the role of the home country in risk assessment?
A)It has no role.
B)It is a significant consideration.
C)It is used initially,but then more micro issues become the focus of CRA.
D)None of the above.
To view all questions and flashcards with answers, click on the resource link above. Page 8
Chapter 7: Intellectual Property and Other Legal Forces
Available Study Resources on Quizplus for this Chatper
89 Verified Questions
89 Flashcards
Source URL: https://quizplus.com/quiz/58363
Sample Questions
Q1) The concept of strict liability,as found in the U.S.legal system,applies
A)to harm done by the designer/manufacturer without the need to prove negligence.
B)to harm done within narrow limits,considering the design of the product.
C)to children harmed by products in both the U.S.and EU.
D)strictly to harm caused by the designer/manufacturer,so no penalties outside of damages can be awarded.
Q2) Where litigation should occur has to do with the location of the problem and is usually clear to both the defendant and plaintiff.
A)True
B)False
Q3) How might U.S.law affect international managers?
Q4) ISO (International organization for Standardization)is the only international standardizing organization.
A)True
B)False
Q5) One of the first issues the chapter addresses is the rule of law.Explain this concept's importance to an international manager.
Q6) What is international law?
To view all questions and flashcards with answers, click on the resource link above. Page 9
Chapter 8: The International Monetary System and Financial Forces
Available Study Resources on Quizplus for this Chatper
92 Verified Questions
92 Flashcards
Source URL: https://quizplus.com/quiz/58362
Sample
Questions
Q1) Global foreign currency exchanges transactions total over $3.2 trillion daily.
A)True
B)False
Q2) The international Fisher effect says that the interest rate differentials in any two currencies reflect
A)the ratio of their inflation rates minus COL.
B)arbitrary differences in the two economies.
C)PPP differences in the two economies.
D)the expected change in their exchange rates.
Q3) Brazil,India and the U.S.are among the highest corporate tax locations.
A)True
B)False
Q4) Exchange rate forecasting is an advanced science; with the correct data,we can predict with accuracy exchange rate movements.
A)True
B)False
Q5) When a country imports more than it exports,the currency might be expected to weaken.
A)True
B)False
To view all questions and flashcards with answers, click on the resource link above. Page 10
Chapter 9: Labor Forces
Available Study Resources on Quizplus for this Chatper
86 Verified Questions
86 Flashcards
Source URL: https://quizplus.com/quiz/58361
Sample Questions
Q1) Global labor unions tend to bring similar benefits to members in all countries.
A)True
B)False
Q2) In some Central American and Sub-Saharan countries,what percentage of the college-educated population emigrates?
A)10%
B)50%
C)80%
D)90%
Q3) As a recipient of talent from developing countries,the U.S.has come to depend heavily on immigrants.
A)True
B)False
Q4) Child labor figures include only children who are paid real wages and employed legally.
A)True
B)False
Q5) Union membership is high in France and Japan and low in Denmark and Sweden.
A)True
B)False
To view all questions and flashcards with answers, click on the resource link above. Page 11
Chapter 10: International Competitive Strategy
Available Study Resources on Quizplus for this Chatper
93 Verified Questions
93 Flashcards
Source URL: https://quizplus.com/quiz/58360
Sample Questions
Q1) To create a competitive advantage that is sustainable over time,the international company should try to develop competencies that:
A)create value for customers and for which they are willing to pay.
B)are easy to imitate or substitute for.
C)are expensive to develop and maintain.
D)create value for manufactures and for which they are willing to pay.
E)require only man power.
Q2) Action plans to enable organizations to reach their objectives are known as:
A)strategic plans.
B)competitive strategies.
C)policies.
D)procedures.
E)values statement.
Q3) According to a study by McKinsey & Company,most executives worldwide agree that environmental,social,and business trends are less critical to company strategy than was the case five years ago.
A)True
B)False
Q4) What international strategy is and why it is important?
To view all questions and flashcards with answers, click on the resource link above. Page 12
Chapter 11: Organizational Design and Control
Available Study Resources on Quizplus for this Chatper
94 Verified Questions
94 Flashcards
Source URL: https://quizplus.com/quiz/58359
Sample Questions
Q1) Organizational design
A)is a process that deals with how an international business should be organized in order to ensure that its business activities are integrated globally.
B)must consider the size of an organization and the complexity of its business operations.
C)must be able to evolve over time in order to enable the organization to respond to change.
D)is a process that deals with how an international business should organize to ensure its business activities are integrated globally.It considers the size and complexity of its business operations and should also evolve over time to enable the organization to respond to change.
E)finds easy ways to departmentalize and take advantage of the efficiencies gained from specialization of labor.
Q2) All the reasons for making decisions at IC headquarters,at 100 percent owned subsidiary headquarters,or cooperatively do not apply in joint venture situations.
A)True
B)False
To view all questions and flashcards with answers, click on the resource link above. Page 13
Chapter 12: Assessing International Markets
Available Study Resources on Quizplus for this Chatper
90 Verified Questions
90 Flashcards
Source URL: https://quizplus.com/quiz/58358
Sample Questions
Q1) Most companies can enter a market in stages.The order listed on the textbook is: establishment of a foreign sales company,exporting,local assembly,and manufacturing.
A)True
B)False
Q2) According to the text,which of the following is true regarding "corporate anthropology"?
A)It involves extensive use of historical data on cultures.
B)It involves extensive use of surveys.
C)It involves watching consumers use products.
D)It involves extensive psychological research techniques.
E)It involves extensive use of economic focus groups.
Q3) As humans,it is easier to think of ourselves as market segments that extend across borders rather than as discrete country segments.
A)True
B)False
Q4) Social desirability bias can be seen as a cultural problem when conducting market research.
A)True
B)False
To view all questions and flashcards with answers, click on the resource link above. Page 14
Chapter 13: Entry Modes
Available Study Resources on Quizplus for this Chatper
88 Verified Questions
88 Flashcards
Source URL: https://quizplus.com/quiz/58357
Sample Questions
Q1) According to the text,a management contract is useful for:
A)joint ventures.
B)earning money by providing know-how.
C)direct exporting.
D)wholly owned subsidiaries.
E)joint ventures,wholly owned subsidiaries and involves earning money by providing know-how.
Q2) A management contract is used only by manufacturing companies to earn income by providing expertise for a fee.
A)True
B)False
Q3) Lack of control is one of the strongest arguments against a joint venture.
A)True
B)False
Q4) A sales company is part of indirect exporting.
A)True
B)False
Q5) What is contract manufacturing and what are the ways in which international firms employ contract manufacturing?
Page 15
Q6) What are the drawbacks of indirect exporting?
To view all questions and flashcards with answers, click on the resource link above.
Chapter 14: Marketing Internationally
Available Study Resources on Quizplus for this Chatper
96 Verified Questions
96 Flashcards
Source URL: https://quizplus.com/quiz/58356
Sample Questions
Q1) The organization of an overseas sales force,sales presentation,and training methods are generally very similar to those employed in the home country.
A)True
B)False
Q2) The promotional mix includes:
A)advertising.
B)sales promotion.
C)publicity.
D)advertising,sales promotion,and publicity.
E)sales promotion and retail chains.
Q3) In general,the deeper the desired immediate market penetration is:
A)the more the physical product should be standardized.
B)the greater the product must be modified.
C)the more the total product should be standardized.
D)the lower the pricing must be.
E)the less the product must be modified.
Q4) Identify and briefly describe the six most commonly used promotional strategies.
Q5) It is possible to hide profits with transfer prices.
A)True
B)False
To view all questions and flashcards with answers, click on the resource link above. Page 16
Chapter 15: Global Operations and Supply Chain Management
Available Study Resources on Quizplus for this Chatper
82 Verified Questions
82 Flashcards
Source URL: https://quizplus.com/quiz/58355
Sample Questions
Q1) In many companies,the purchasing function has been viewed as prime candidate for outsourcing to other firms,a trend encouraged by rapid developments in E-procurement.
A)True
B)False
Q2) ISO 9000:
A)Is the most-used standard for quality in the United States.
B)Is a set of five universal standards for a quality assurance system agreed to by the ISO. C)Ensures product quality.
D)Ensures timely delivery.
E)Is the most-used standard for quality in the China.
Q3) Outsourcing decisions,except for the decision to use global sources of supply,are extensions of the make-or-buy decisions of earlier era.
A)True
B)False
Q4) Discuss the problems associated with global sourcing.
Q5) The primary reason for sourcing globally is to obtain lower prices.
A)True
B)False
To view all questions and flashcards with answers, click on the resource link above. Page 17
Chapter 16: Managing Human Resources in an International Context
Available Study Resources on Quizplus for this Chatper
95 Verified Questions
95 Flashcards
Source URL: https://quizplus.com/quiz/58354
Sample Questions
Q1) The combination of an openness to and awareness of diversity across cultures and markets with a propensity and ability to synthesize across this diversity has been termed a "transnational mindset."
A)True
B)False
Q2) An advantage of using home-country citizens abroad is:
A)they have expertise in the host country culture.
B)they expand their experience,enhancing their potential for promotion at home.
C)they have lower cost salaries and benefits than HCNs or TCNs.
D)they have expertise in the host country's economic scenario.
E)they have very high salaries and benefits than HCNs or TCNs.
Q3) Knowledge of foreign languages:
A)requires too much work to be worth the effort.
B)can be of great assistance in making export sales.
C)is useless if you know English.
D)is of academic but not business value.
E)is of no use in making export sales.
Q4) Family adjustment is not critical in the job performance of expats.
A)True B)False
To view all questions and flashcards with answers, click on the resource link above. Page 18
Chapter 17: International Accounting and Financial Management
Available Study Resources on Quizplus for this Chatper
82 Verified Questions
82 Flashcards
Source URL: https://quizplus.com/quiz/58353
Sample Questions
Q1) The main argument against 3BL is that business is concerned with generating profit,not with social and ecological issues,except where the law requires it to be.
A)True
B)False
Q2) A foreign currency sale is recorded as revenue,using the exchange rate
A)on the date of the sale.
B)on the date the balance sheet is consolidated to corporate.
C)on an historical average over the period between the sale and the consolidation.
D)that the company decides to use.
Q3) Unanticipated shifts in exchange rates present risk to the international firm.
A)True
B)False
Q4) The value-added tax is levied on
A)luxury items and paid by the consumer.
B)export items only and thus a direct tax.
C)non-essential goods and paid by the consumer.
D)all goods and is indirect,collected from the value-adder.
Q5) How could an IC benefit from leading and lagging?
Page 19
To view all questions and flashcards with answers, click on the resource link above.