International Business Strategy
Practice Questions
Course Introduction
International Business Strategy explores the formulation and implementation of strategies that enable organizations to compete effectively in the global marketplace. The course examines key concepts such as market analysis, entry modes, competitive dynamics, cross-cultural management, international alliances, and global value chains. Students will analyze how international economic, political, and cultural environments influence business decisions, and evaluate strategic responses to global challenges including risk management, adaptation versus standardization, and ethical considerations. Through case studies and real-world examples, the course equips students with the tools and frameworks needed to develop comprehensive business strategies for multinational enterprises.
Recommended Textbook
International Management Culture Strategy and Behavior 9th Edition by Fred Luthans
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Page 2
Chapter 1: Globalization and International Linkages
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Sample Questions
Q1) 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
Q2) Which of the following statements is not true of Japan?
A)During the 1970s and 1980s, Japan's economic success had been without precedent
B)During the 1970s and 1980s, the country had a huge positive trade balance, the yen was strong, and the country was recognized as the world leaders in manufacturing and consumer goods
C)Assumptions about the Japanese workforce have turned out to be more myth than reality, and some of the former strengths have become weaknesses in the new economy
D)Japan's consensus decision-making system turns out to be very efficient and effective in the new speed-based economy
Answer: D
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Chapter 2: The Political, Legal, and Technological Environment
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Sample Questions
Q1) Social media can positively impact international business by:
A)Facilitating a fast transition to more open trade and business dealings
B)Increasing shipping and logistical costs of goods
C)Limiting the economic effects to the country experiencing unrest
D)Stabilizing fuel costs
Answer: A
Q2) The most obvious dimension of the technological environment facing international managers today is:
A)Telecommunications
B)Transportation
C)Agricultural mechanization
D)Improved service technologies
Answer: A
Q3) The area of e-business that will most affect global customers is:
A)E-marketing
B)E-retailing and financial services
C)Retailing
D)Internet sales
Answer: B
Page 4
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Chapter 3: Ethics, Social Responsibility, and Sustainability
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Sample Questions
Q1) One way Tesla inspires sustainability across the entire automobile industry is by producing batteries and chargers for several other car manufacturers.
A)True
B)False
Answer: True
Q2) The transfer of the labor force overseas creates:
A)An interesting dynamic in the scope of ethics and corporate responsibility
B)A general ambiance of nondiscriminatory practices
C)An ideal environment for women to work in
D)Equal employment opportunities for both men and women
Answer: A
Q3) This can be defined as the actions of a firm to benefit society beyond the requirements of the law and the direct interests of the firm.
A)Corporate social responsibility
B)Law
C)Governance
D)Ethics
Answer: A
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Chapter 4: The Meanings and Dimensions of Culture
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Sample Questions
Q1) According to the text, the highest cultural priority (or value) in the U.S.is:
A)Family security
B)Belonging
C)Freedom
D)Cooperation
Q2) Describe the term culture.Is culture one thing or are there many dimensions to culture?
Q3) Describe the difference between an achievement culture and an ascription culture.How does an understanding of these differences help an international manager be effective in dealing with clients outside his or her own culture?
Q4) Under GLOBE analysis, which of the following countries were the most assertive?
A)Spain and U.S.
B)Egypt and U.S.
C)Spain and Ireland
D)Ireland and Sweden
Q5) Culturally, a German can be expected to have a _____ handshake.
A)Gentle
B)Light and quick
C)Brusque and firm
D)Long and involved
6
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Chapter 5: Managing Across Cultures
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Sample Questions
Q1) The difficulty of managing global organizations, as in the case of some local subsidiaries that want more decentralization and others that want less is one of the factors helping to facilitate the need for MNCs to develop unique strategies for different cultures.
A)True
B)False
Q2) If businesspeople in ______ commit themselves to a date in the future and fail to show up, they feel no guilt or concern because they believe they have no control over time in the first place.
A)Great Britain
B)Arab countries
C)France
D)China
Q3) In some cases, both the product and the marketing message are similar worldwide; this is particularly true for high-end products.
A)True
B)False
Q4) Describe the differences between the four strategic dispositions.What is the principle advantage of each disposition?
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Chapter 6: Organizational Cultures and Diversity
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Sample Questions
Q1) PepsiCo, personnel are expected to be cheerful, positive, enthusiastic, and have committed optimism.This is an example of:
A)Being influenced by the external environment
B)Trying to "fit-in"
C)A top-down form of management
D)Promoting community values
Q2) The United Kingdom shows the following characteristics regarding the corporate dimension:
A)Administrative
B)Industrial
C)Pragmatic
D)Commercial
Q3) Regardless of the external environment or their national culture, managers and employees must understand and follow their organization's culture to be successful.
A)True
B)False
Q4) What are the four types of organizational culture identified by Fons Trompenaars? Provide a brief description of each of these cultures.
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Page 8
Chapter 7: Cross-Cultural and Negotiation
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Q1) Communicating through the use of bodily contact is known as:
A)Proxemics
B)Oculesics
C)Chronemics
D)Haptics
Q2) A monochronic time schedule is one in which:
A)Things are done in a linear fashion
B)People tend to do several things at the same time irrespective of the amount of work involved
C)People tend to place higher value on personal involvement than on getting things done on time
D)Things are done in a planar manner
Q3) The way in which time is used in a culture is referred to as:
A)Oculesics
B)Chronemics
C)Proxemics
D)Kinesics
Q4) In low-context societies, messages are often highly coded and implicit.
A)True
B)False
Page 9
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Chapter 8: Strategy Formulation and Implementation
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Sample Questions
Q1) There is definitive evidence that strategic planning in the international arena always results in higher profitability.
A)True
B)False
Q2) The approach to strategic formulation and implementation utilizing strategies of TQM to meet or exceed customers' expectations and continuously improve products and/or services is referred to as the:
A)Value-added imperative
B)Quality imperative
C)Political imperative
D)Economic imperative
Q3) Identify the four basic strategies that MNCs use and the situations in which they are used.
Q4) International management activities of entrepreneurial and new-venture firms have been made possible by all of the following except:
A)Customized, old access channels
B)Advances in telecommunication
C)Greater efficiencies and lower costs in shipping
D)Allowing firms to access international customers
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Chapter 9: Entry Strategies and Organizational Structures
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Sample Questions
Q1) The primary reason for the use of _____ is a desire by the MNC for total control and the belief that managerial efficiency will be better without outside partners.
A)Licensing agreements
B)Franchising
C)Wholly owned subsidiaries
D)Joint ventures
Q2) A _____ is designed to help MNCs take advantage of global economies of scale while also being responsive to local customer demands.
A)Global matrix structure
B)Transnational network structure
C)Worldwide divisional structure
D)Cross-cultural matrix structure
Q3) Which of the following provides the most benefits when the need for product specification or differentiation is high?
A)International division
B)Global product division
C)Global area division
D)Global functional division
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11
Chapter 10: Managing Political Risk, Government Relations, and Alliances
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Sample Questions
Q1) The special nature of foreign direct investment is not related to:
A)Sector of economic activity
B)Technology sophistication
C)Pattern of ownership
D)Operations
Q2) China's government policies regarding investment in the telecommunications industry fall into the _____ political risk category.
A)Macro
B)Micro
C)Integrative
D)Relative
Q3) _____ investments include the production of raw materials or intermediate goods that are to be processed into final products.
A)Vertical
B)Matrix
C)Conglomerate
D)Horizontal
Q4) What are some of the advantages of international strategic alliances?
Q5) What is expropriation risk?
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Chapter 11: Management Decision and Control
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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) The Japanese make heavy use of a decision-making process called ringisei or decision making by consensus.
A)True
B)False
Q3) Areas that are examined by the ISO 9000 certification team include all of the following except:
A)Design (product or service specifications)
B)Process control (instruction for manufacturing or service functions)
C)Purchasing service (e.g., instructions for conducting after-sales service)
D)Environmental management standards
Q4) Which of the following factors encourages the use of centralized decision making?
A)Small company size
B)Small capital investment
C)Relatively low importance to the MNC
D)Highly competitive environment
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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Q1) The theory that focuses on how individuals go about setting goals and responding to them and the overall impact of this process on motivation is:
A)Equity theory
B)Motivation theory
C)Expectancy theory
D)Goal-setting theory
Q2) The equity theory postulates that motivation is largely influenced by a multiplicative combination of a person's beliefs.
A)True
B)False
Q3) Which researcher concluded that "the Herzberg model appears to have validity across occupational levels"?
A)David McClelland
B)George Hines
C)Maslow
D)Hofstede
Q4) What characteristics of high achievers did David McClelland identify?
Q5) What are sociotechnical job designs?
Q6) What are the differences between job context factors and job content factors?
Page 14
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Chapter 13: Leadership Across Cultures
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Sample Questions
Q1) Leader behaviors can be translated into three commonly recognized styles.These are:
A)Autocratic, suppressive, and cooperative
B)Authoritarian, paternalistic, and participative
C)Suppressive, paternalistic, and team-oriented
D)Cooperative, team-oriented and participative
Q2) This individual monitors follower performance and takes corrective action when deviations from standards occur.
A)Contingent reward leader
B)Active management-by-exception leader
C)Passive management-by-exception leader
D)Laissez-faire leader
Q3) 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
Q4) Describe the difference between transformational and transactional leadership.
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Chapter 14: Human Resource Selection and Development
Across Cultures
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Sample Questions
Q1) One of the reasons why there has been a decline in the number of expats in recent years is that MNCs have found that the expense can be prohibitive.
A)True
B)False
Q2) Headquarters nationals are another term used for:
A)Third-country nationals
B)Home-country nationals
C)Inpatriates
D)Host-country nationals
Q3) Though politically controversial, outsourcing can save companies significant costs and is very profitable for firms that specialize in providing these services on a contract basis.
A)True
B)False
Q4) The hardest training, in terms of preparation time is to place a cultural integrator in each foreign operation.
A)True
B)False
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Q5) What is a cultural assimilator? What do cultural assimilators try to accomplish?