International Business Strategy
Pre-Test Questions
Course Introduction
International Business Strategy explores the frameworks, tools, and decision-making processes that organizations use to compete and succeed in global markets. This course examines the complexities of operating across borders, including cultural differences, political and economic environments, and legal considerations. Students will analyze strategies for market entry, global supply chain management, international alliances, and adaptation versus standardization. Through case studies and real-world examples, the course emphasizes innovation, risk management, and the impact of global trends on strategic decision-making, preparing students to develop and implement effective business strategies in an increasingly interconnected world.
Recommended Textbook Concepts in Strategic Management and Business Policy 14th Edition by Thomas L. Wheelen
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Chapter 1: Basic Concepts in Strategic Management
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Sample Questions
Q1) Which of the following is an example of a corporate strategy?
A) Diversify product line to appeal to more people.
B) Imitate products of competitors.
C) Pay highest salaries to keep high quality employees.
D) Develop and sell quality appliances worldwide.
E) Divide a sales region into a group of sales districts.
Answer: A
Q2) Logical incrementalism is a useful decision-making mode when the environment is rapidly changing and when it is important to build consensus.
A)True
B)False
Answer: True
Q3) Climate change has become a growing concern for businesses to include in their corporate strategies.
A)True
B)False
Answer: True
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Chapter 2: Corporate Governance
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Sample Questions
Q1) The theory which states that problems arise in corporations because top management no longer is willing to bear the brunt of their decisions unless they own a substantial amount of stock in the corporation is called
A) codetermination.
B) agency theory.
C) interlocking management theory.
D) strategic leadership theory.
E) ownership theory.
Answer: B
Q2) The percentage of CEOs of the 100 largest companies who also serve as chairman of the board is
A) less than 10%.
B) approximately 20%.
C) approximately 50%.
D) approximately 68%.
E) over 90%.
Answer: D
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Chapter 3: Ethics and Social Responsibility in Strategic Management
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Sample Questions
Q1) The Golden Rule is the essence of one of Immanuel Kant's categorical imperatives to resolve ethical dilemmas.
A)True
B)False
Answer: True
Q2) The concept of social responsibility proposes that a corporation has responsibilities to society that extend beyond making a profit.
A)True
B)False
Answer: True
Q3) The approach to ethical behavior which proposes that decision makers be equitable, fair, and impartial in the distribution of costs and benefits to individuals and groups is called
A) individual rights approach.
B) mercantilism approach.
C) utilitarian approach.
D) justice approach.
E) moral imperialism approach.
Answer: D
Page 5
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Chapter 4: Environmental Scanning and Industry Analysis
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Sample Questions
Q1) McDonald's and Olive Garden are in the same strategic group.
A)True
B)False
Q2) List eight current sociocultural trends in the United States that are transforming North America and the world.
Q3) Describe the four strategic types of the Miles and Snow typology.
Q4) Over ________ of large companies use trend extrapolation for forecasting.
A) 20%
B) 30%
C) 40%
D) 50%
E) 70%
Q5) When the pressure for local responsiveness is strong and the pressure for coordination is weak for multinational corporations in an industry, the industry will tend to become
A) global.
B) consolidated.
C) multidomestic.
D) risky.
E) indigenous.
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Chapter 5: Internal Scanning and Organizational Analysis
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Sample Questions
Q1) Distinguish between continuous and intermittent manufacturing systems providing examples of each.
Q2) What are the two distinct attributes of corporate culture?
A) differentiation and integration
B) durability and imitability
C) concern for people and concern for task
D) intensity and integration
E) amount of complexity and tolerance of change
Q3) The EFAS Table is one way to organize the internal factors into generally accepted categories of strengths and weaknesses as well as to analyze how well a particular company's management is responding to these specific factors in light of the perceived importance of these factors to the company.
A)True
B)False
Q4) Describe Barney's VRIO framework.
Q5) The resources of an organization include tangible assets, human assets, and intangible assets.
A)True
B)False
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Chapter 6: Strategy Formulation: Situation Analysis and Business Strategy
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Sample Questions
Q1) Which strategy has been used successfully by Yum! Brands to establish KFC and Pizza Hut restaurants across the globe?
A) joint venture
B) licensing arrangement
C) strategic alliance
D) marketing strategy
E) value-chain partnership
Q2) According to Porter, the generic competitive strategy that reflects the ability of the corporation or its business unit to design, produce, and market a comparable product more efficiently than its competitors is called
A) competitive scope.
B) differentiation.
C) cost leadership.
D) diversification.
E) focus.
Q3) In tacit collusion, there is no direct communication among competing firms.
A)True
B)False
Q4) Discuss the reasons a firm may form a strategic alliance.
Page 8
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Chapter 7: Strategy Formulation: Corporate Strategy
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Sample Questions
Q1) When a firm internally makes 100% of its key supplies and completely controls its distributors, this is known as
A) full integration.
B) taper integration.
C) mass integration.
D) economical integration.
E) strategic integration.
Q2) Turnkey operations are typically contracts for the construction of operating facilities in exchange for a fee.
A)True
B)False
Q3) According to the BCG Growth Share Matrix, products that typically bring in far more money than is needed for maintenance of their market share are called A) cash cows.
B) lost leaders.
C) dogs.
D) question marks.
E) stars.
Q4) Discuss the more popular stability strategies.
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Chapter 8: Strategy Formulation: Functional Strategy and Strategic Choice
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Sample Questions
Q1) When Intel opened four small-scale research facilities adjacent to universities to promote the cross-pollination of ideas, they were using which approach to R&D?
A) open innovation
B) differentiation
C) technology scouts
D) continuous improvement
E) technological leadership
Q2) In a leveraged buyout, the acquired company, in effect, pays for its own acquisition.
A)True
B)False
Q3) A company which pioneers an innovation is called a
A) technological follower.
B) technological opportunist.
C) technological leader.
D) technological manufacturer.
E) technological entrepreneur.
Q4) What does a financial strategy examine?
Q5) What is a functional strategy?
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Chapter 9: Strategy Implementation: Organizing for Action
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Sample Questions
Q1) Studies of the performance of reengineering programs show clear, consistent, and overwhelming evidence of success and improved productivity.
A)True
B)False
Q2) Under Stage III, when various units of the company optimize their sales and profits without regard to the overall corporation, the organization may be experiencing a
A) crisis of leadership.
B) crisis of control.
C) crisis of autonomy.
D) crisis of decentralization.
E) crisis of empowerment.
Q3) Which of the following is NOT True of a Stage I corporation?
A) It is typified by the entrepreneur.
B) The entrepreneur tends to make all the important decisions personally.
C) The Stage I corporation has little formal structure.
D) Planning tends to be long range and progressive.
E) The greatest strength of a Stage I corporation is its flexibility and dynamism.
Q4) Discuss Chandler's conclusion concerning strategy.
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11
Chapter 10: Strategy Implementation: Staffing and Directing
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Sample Questions
Q1) Hofstede's work on national culture was extended to nine cultural dimensions by A) RHR International.
B) Project GLOBE.
C) Alfred Chandler.
D) Nahavardi and Malekzadeh.
E) McKinsey & Company.
Q2) According to Hofstede's dimensions of national culture, uncertainty avoidance is the extent to which a society accepts an unequal distribution of power in organizations.
A)True
B)False
Q3) A professional liquidator was the executive type called in to Montgomery Ward when the company declared bankruptcy for the second time.
A)True
B)False
Q4) Executive succession is the process of replacing a key top manager.
A)True
B)False
Q5) What is an executive type? What is their significance to strategy?
Q6) What are the four general methods of managing two different cultures?
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Chapter 11: Evaluation and Control
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Sample Questions
Q1) The inventory turnover ratio is an example of a(n)
A) steering control.
B) activity control.
C) behavior control.
D) output control.
E) influencing control.
Q2) What is the difference between EVA and MVA?
Q3) ERP software provides instant access to critical information to everyone in the organization from the CEO to the factory floor worker.
A)True
B)False
Q4) According to the text, using a long-term performance evaluation system, a company executive might be promised incentives such as
A) company cars.
B) company stock.
C) health insurance.
D) retirement plans.
E) vacations.
Q5) Discuss the guidelines for proper control.
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Chapter 12: Suggestions for Case Analysis
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Q1) According to the text, what percentage of portfolio managers use annual reports when making decisions?
A) 20%
B) 35%
C) 50%
D) 60%
E) 80%
Q2) What is the Z-value?
Q3) 10-K forms include detailed information not usually available in an annual report.
A)True
B)False
Q4) Fixed asset turnover is what type of financial ratio?
A) liquidity ratio
B) profitability ratio
C) leverage ratio
D) activity ratio
E) revenue ratio
Q5) What are common-size statements?
Q6) In performing a basic financial analysis, what five steps should be taken?
Page 14
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