International Business
Mock Exam
Course Introduction
International Business explores the complexities of conducting commerce in a global environment, examining how cultural, economic, political, and legal factors influence the operations and strategies of multinational enterprises. Students will learn about international trade theories, market entry strategies, cross-cultural communication, global supply chains, and the management of international financial risks. The course also covers challenges such as ethical issues, sustainability, and the impact of globalization on business practices, equipping students with the knowledge and skills necessary to succeed in international markets.
Recommended Textbook
International Management Culture Strategy and Behavior 9th Edition by Fred Luthans
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14 Chapters
1060 Verified Questions
1060 Flashcards
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Page 2
Chapter 1: Globalization and International Linkages
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80 Verified Questions
80 Flashcards
Source URL: https://quizplus.com/quiz/51224
Sample Questions
Q1) In 2009, FDI inflows and outflows:
A)Nearly doubled
B)Nearly tripled
C)Fell substantially
D)Remained fairly constant
Answer: C
Q2) The NAFTA agreement and the CAFTA-DR agreement are examples of:
A)Defunct bilateral agreements
B)Regional trade agreements
C)Plurilateral agreements
D)Proposed bilateral agreements
Answer: B
Q3) The European Union:
A)Has achieved the reality of a single currency and a regional central bank
B)Has eliminated all trade barriers among member countries
C)Subjects member nations to quotas on the manufacture and shipment of high-quality, low-cost goods
D)Imposes duties on member nations for the manufacture and shipment of high-quality, low-cost goods
Answer: A
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Chapter 2: The Political, Legal, and Technological Environment
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75 Verified Questions
75 Flashcards
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Sample Questions
Q1) Great Britain's Labour Party practices "democratic socialism."
A)True
B)False
Answer: True
Q2) Communism as an economic system has failed due to the tendency of common goals to stunt:
A)Progress and individual creativity
B)Individual productivity
C)Individual freedom
D)Profit and growth
Answer: A
Q3) Over the next decade, the merging of the Internet and wireless technology will radically change the ways in which people:
A)Spend
B)Socialize
C)Communicate
D)Invest
Answer: C
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Chapter 3: Ethics, Social Responsibility, and Sustainability
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80 Verified Questions
80 Flashcards
Source URL: https://quizplus.com/quiz/51222
Sample Questions
Q1) BP had a well-thought-out plan for dealing with an accident such as the oil spill in the Gulf of Mexico in 2010, and the company executed the plan, but not without considerable damage to the environment.
A)True
B)False
Answer: False
Q2) The following regions are most associated with "crony capitalism" except:
A)Asia
B)Europe
C)Latin America
D)Africa
Answer: B
Q3) The study of morality and standards of conduct is referred to as:
A)Social responsibility
B)Law
C)Governance
D)Ethics
Answer: D
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Chapter 4: The Meanings and Dimensions of Culture
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75 Verified Questions
75 Flashcards
Source URL: https://quizplus.com/quiz/51221
Sample Questions
Q1) A major dimension in the study of culture is values.
A)True
B)False
Q2) Trompenaars's discussion of the dimension of _____ explores whether people believe in controlling outcomes (inner-directed) or letting things take their own course (outer-directed).
A)Time
B)The environment
C)Masculinity
D)Ascription
Q3) Countries in which people blindly obey the orders of their superiors have a high:
A)Uncertainty avoidance
B)Masculinity index
C)Power distance
D)Individualism index
Q4) Masculinity is defined by Hofstede as "a situation in which the dominant values in society are success, money, and things."
A)True
B)False
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Chapter 5: Managing Across Cultures
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75 Verified Questions
75 Flashcards
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Sample Questions
Q1) Identify an incorrect statement about doing business in Arab countries.
A)The person in charge of a group has the right to take credit for the group's efforts
B)Connections are extremely important in conducting business
C)Important decisions usually are made in person, not by correspondence or telephone
D)Patience is critical to the success of business transactions
Q2) Many U.S.and European multinationals find that doing business in the PRC can be a long, grueling process that often results in failure.
A)True
B)False
Q3) In regard to the cultural dimension, "What is the conception of space?" the dominant characteristic for American managers is:
A)Private
B)Mixed
C)Shared
D)Public
Q4) Describe the difference between parochialism and simplification.
Q5) What guidelines should MNCs must be aware of while doing business in China?
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Chapter 6: Organizational Cultures and Diversity
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75 Verified Questions
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Sample Questions
Q1) Eiffel Tower cultures are most commonly found in:
A)Northwestern European countries, such as Germany, Denmark, and France
B)Asian countries, such as Taiwan, South Korea, and Japan
C)South American countries, such as Brazil, Argentina, and Chile
D)North Atlantic countries, such as England, Ireland, and Canada
Q2) A _____ group is a group in which there are individuals from three or more different ethnic backgrounds, such as three U.S., three German, three Uruguayan and three Chinese managers who are looking into mining operations in South America.
A)Homogeneous
B)Token
C)Multicultural
D)Bicultural
Q3) Norms are reflected by things such as:
A)Common language, terminology, and rituals
B)How employees and customers should be treated
C)The amount of work to be done
D)By the way participants feel about the way they are treated by higher-level management
Q4) What is organizational culture and what are some of its major characteristics?
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Chapter 7: Cross-Cultural and Negotiation
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75 Verified Questions
75 Flashcards
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Sample Questions
Q1) From culture to culture, nonverbal gestures are universal, that is, they mean the same thing.
A)True
B)False
Q2) All of the following are true of negotiation except:
A)It is used in creating joint ventures with local firms and in getting the operation off the ground
B)It is a learnable skill that is imperative for the international manager but not for the domestic manager
C)It often follows assessing political risk
D)It can be used as an approach to conflict management
Q3) Communicating through the use of bodily contact is known as:
A)Proxemics
B)Oculesics
C)Chronemics
D)Haptics
Q4) Communication is the process of transferring meanings from sender to receiver.
A)True
B)False
Q5) How does culture impact communication?
Page 9
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Chapter 8: Strategy Formulation and Implementation
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75 Verified Questions
75 Flashcards
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Sample Questions
Q1) A key success factor is a factor that is necessary for a firm to compete effectively in a(n):
A)International market
B)Highly-restricted market
C)Market niche
D)Broad market domain
Q2) Describe the difference between global integration and national responsiveness.What is the principle advantage of each strategy?
Q3) To a growing extent, the customers of MNCs have heterogeneous tastes and this has helped to spread international consumerism.
A)True
B)False
Q4) Strategic management is required to keep track of increasingly diversified operations in a continuously changing international environment.
A)True
B)False
Q5) Identify the four basic strategies that MNCs use and the situations in which they are used.
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Chapter 9: Entry Strategies and Organizational Structures
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75 Verified Questions
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Sample Questions
Q1) A global functional division structure is used primarily by:
A)Service companies
B)Extractive companies
C)Light manufacturing companies
D)Heavy manufacturing companies
Q2) Franchising provides the franchisor with a new stream of income and the franchisee with a time-proven concept and products that can be quickly brought to market.
A)True
B)False
Q3) The decision-making control in which local units are given autonomy is characteristic of a(n):
A)Global area division structure
B)International division structure
C)Global product division structure
D)Transnational network structure
Q4) Firms that pursue a global product division structure typically have products that are in the maturity stage of the product life cycle.
A)True
B)False
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Chapter 10: Managing Political Risk, Government Relations, and Alliances
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75 Verified Questions
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Sample Questions
Q1) There are three sectors of economic activity: the primary sector, the secondary sector, and the service sector.
A)True
B)False
Q2) Vietnam has passed a domestic enterprise law and investment law easing and clarifying foreign investment and business rules, signed a trade agreement with the U.S., and joined the WTO.
A)True
B)False
Q3) The primary sector of economic activity includes:
A)manufacturing operations
B)agriculture, forestry, and mineral exploration and extraction
C)industry and service
D)transportation, finance, insurance, and related industries
Q4) What are some of the advantages of international strategic alliances?
Q5) Comprehensive political strategies are most important in stable policy environments.
A)True B)False
Q6) What is expropriation risk?
Page 12
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Chapter 11: Management Decision and Control
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75 Verified Questions
75 Flashcards
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Sample Questions
Q1) Amazon's target market is significantly larger, but less loyal, than Alibaba's.
A)True
B)False
Q2) ISO 9000 refers to the International Standards Organization (ISO) certification to ensure:
A)Quality products and services
B)On-time delivery
C)Safety standards
D)Compliance with worldwide workplace equality standards
Q3) Controls that involve face-to-face or personal meetings to monitor operations are:
A)Direct
B)Indirect
C)Parallel
D)Circular
Q4) Decisions that are heavily economic in orientation concentrate on such aspects as return on investment (ROI) for overseas operations.
A)True
B)False
Q5) Explain the relevance of TQM in decision making and controlling processes.
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Chapter 12: Motivation Across Cultures
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75 Verified Questions
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Sample Questions
Q1) What are the differences between job context factors and job content factors?
Q2) The Haire and follow-up studies dealt only with:
A)Clerks
B)Managers
C)Technicians
D)Unskilled workers
Q3) One reason that Americans and Japanese work such long hours is due to:
A)High stress levels
B)Low employee turnover
C)High cost of living
D)Employee complacency
Q4) _____ designs are job designs that blend personnel and technology.
A)Sociotechnical
B)Sociocultural
C)Socioengineering
D)Sociohostilic
Q5) The expectancy theory focuses on how motivation is affected by people's perception of how fairly they are being treated.
A)True
B)False
Page 15
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Chapter 13: Leadership Across Cultures
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75 Verified Questions
75 Flashcards
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Sample Questions
Q1) These leaders are visionary agents with a sense of mission who are capable of motivating their followers to accept new goals and new ways of doing things.
A)Transactional
B)Negotiable
C)Transformational
D)Formational
Q2) U.S.managers believe that to motivate workers, it is necessary to satisfy their:
A)Higher-order needs
B)Safety needs
C)Lower-order needs
D)Physiological needs
Q3) According to the GLOBE study, humane-oriented leadership is independent and individualistic.
A)True
B)False
Q4) Participative leadership is the use of both a work-centered and a people-centered approach.
A)True
B)False
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Chapter 14: Human Resource Selection and Development
Across Cultures
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75 Verified Questions
75 Flashcards
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Sample Questions
Q1) ________ are most effective when they were in charge of larger subsidiaries or those with a marketing theme similar to that at headquarters.
A)Inpatriates
B)Third-country nationals
C)Expatriates
D)Multipatriates
Q2) In the new millennium, MNCs' learning focus applied to human resource development may go beyond learning organizations to "teaching organizations."
A)True
B)False
Q3) Anticipatory and in-country factors will influence the expatriate's mode and degree of adjustment to an overseas assignment.
A)True
B)False
Q4) What is a cultural assimilator? What do cultural assimilators try to accomplish?
Q5) Identify the criteria that would influence a multinational corporation in the selection of an individual for an international assignment.
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